Solar PV Glass Market report provides in-depth study on the present state focuses on the foremost drivers and restraints for the key players. Solar PV Glass Industry report also offers granular analysis of the market share, segments, revenue and geographic regions of the market.
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Solar PV Glass Market Insights:
Market Research Future’s study of the global solar PV market has found the market is set to witness expansion at a staggering CAGR of 34% during the assessment period. Valued at USD 4.5 Bn in 2017 and is expected to grow explosively to reach a market value of USD 19 Bn by the end of 2023. Solar photovoltaic (PV) glass is an interesting technology which harnesses solar energy for conversion to electricity. Solar PV glass is a specially made glass which sandwiches transparent semiconductor-based PV cells.
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The key driver for the global solar PV glass market is the increasing government support to renewable energy initiatives that aim to incorporate renewable energy production on a wide scale in various applications. This is likely to be a major driver for the solar PV glass market over the forecast period, as significant government support is needed for advanced research into solar PV glass.
Solar PV glass is a recent development in the solar energy market and is making big waves in the renewable energy sector. At the current rapid growth of adoption, it is highly conceivable that solar PV glass may replace traditionally used materials over the course of the coming years. Renewable energy solutions have been gaining traction across the globe due to its many benefits and reduced reliance on non-renewable energy making it the more sustainable option. Moreover, solar PV glass technology is increasingly cost-effective due to the ongoing R&D activities and increasing deployment of solar energy solutions. The increased demand for environmentally conscious and sustainable sources of energy is largely due to the production of harmful emissions and other issues which have contributed to poor air quality among other problems. The need to reduce the global carbon footprint is highly encouraging of the global solar PV market over the assessment period. Several factors are expected to help improve growth over the market, including the presence of government support for the adoption of renewable energy technology and the growth of green building construction projects.
Research Methodology
Both primary and secondary data sources form the base of MRFR’s research methodology which allows analysis of the market from a broader perspective. Primary research data collected through interactions with key level industry participants are carefully collated with data derived from credible secondary sources such as white papers, annual reports, and others. A multi-layer data distillation ensures accuracy which is at the forefront of MRFR’s research methodology. For estimation and validation of market size, the top-down and bottom-up approaches are employed.
Solar PV Glass Market Segmentation:
The global solar PV glass market has been segmented on the basis of type, module, application, and region.
Types have been segmented into anti-reflective (AR) coated, transparent conductive oxide, tempered, and others.
Module has been segmented into crystalline silicon modules, amorphous silicon modules, thin-film modules, and others.
Applications of solar PV glass have been segmented to include residential, utility, and non-residential.
The global solar PV glass market covers North America, Europe, Asia Pacific and the Rest of the World.
Companies Covered:
MRFR has also covered the competition in the market and included the strategic market activities and market share of leading market players such as Saint-Gobain S.A, Guardian Industries, First Solar Inc., Hanwha Q CELLS Co., Nippon Sheet Glass Co. Ltd., Yingli Green Energy Holding Company Ltd., Sun Power Corporation, Xinyi Solar Holding Ltd. and ReneSola Ltd.
Solar PV Glass Regional Industry Analysis:
The global solar PV glass market covers North America, Europe, Asia Pacific and the Rest of the World.
Europe is expected to come out ahead and dominate the market with the largest share of the global market due to the high environmental awareness in the region. Moreover, the governments in this region, display strong support and encouragement for the adoption of renewable energy technologies. This is expected to drive the European solar PV glass.
Moreover, solar energy technology is cheaper in developed economies. However, emerging economies in the APAC are very promising as this region receives high among of solar energy and the use of solar energy can be really beneficial. Although costs are higher in developing markets, the long terms benefits are difficult to ignore and the market in the APAC is expected to grow considerably.
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Source: MarketersMedia
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