A technology that helps in converting solar energy to electric energy, thereby guarding against elements of environments like moisture, dust and snow is called solar photovoltaic glass technology. For the purpose of building incorporated photovoltaics, solar PV glass is widely used. The window panes, building panels, and the roof panels of the buildings are formed by the integration of PV glass. The probable usage of solar PV glass can be found in vehicles, smartphones, and in the greenhouses. The PV glass aids in the reduction of carbon footprint and thereby maintaining environment friendly clean energy standards. The rise in need for clean energy, owing to increasing cognizance in respect of global warming is growing the need of PV glass, hence fuelling the market growth.
The increase in acceptance of Solar Photovoltaic Glass, aids in blocking the heat, thereby resulting in reduction of costs for the air-conditioners. Alteration in the efficacy of photovoltaic and penetration of light amongst the product allows several options for architectural designs. Therefore, the need for this glass is increasing at a very fast pace in the sector for architecture. The main restrain met by the market of PV glass are high amount of capital expenditure in installing solar energy equipment. Similarly, accessibility of high class solar PV glass has a negative effect on the growth of the market of solar PV glass.
Anti-reflective coating helps in reduction of reflection, thereby increasing the light absorption by the solar cells. Consequently, it causes in the production of increased energy. Glasses coated with TCO enhance transmission of light into the solar modules. Tempered glass is made by heating the glass at 600OC and then it is cooled by the help of airflow which makes it the strongest glass. The application of this tough glass gives the PV glass the strength to bear environmental issues like rainy and stormy weather.
The usage of solar PV glasses is noticed in residential as well as in non-residential purposes. Though, the cost of installation involved is high with solar PV glass so it is hampering the growth of the market of solar PV glasses. Moreover, the innovation and the research and developments are anticipated to effect in developing of low-cost producing solar photovoltaic glass, thereby resulting in reduction of this glass, and so are anticipated to have a powerful influence. This is anticipated to fuel the growth of the market. The rise in the number of government undertakings like Paris Climate Agreement to give solar energy support is enhancing the market growth.
Asia Pacific has shown rapid growth in the market of solar PV glass. The increase in the population and deficiency in supplying energy in this region is anticipated to enhance the demand of the photovoltaic glass, thereby making a profitable environment for the growth of the market. In this region, China is considered to have expanded vigorously in this sector. As per to the International Energy Agency (IEA), in 2016, China marked itself as the leader of using solar panels all over the world by installing more than 34 GW of solar capacity. Similarly, as per Japan Ministry of Economy, Trade and Industry, in 2016, Japan also observed 4.3% growth in the production of solar energy. By end of 2020, the objective of the European Union is to accomplish 12% of their requirement of energy from the use of PV glass which is anticipated to offer a substantial market growth in Europe.
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Key Developments
For example, AGC Solar collaborated with Ubiquitous Energy in June 2018 for developing strategically the technology of transparent solar glass. The transparent solar coating “ClearView Power” of Ubiquitous Energy is capable of absorbing and converting non-visible ultraviolet and infrared light to electricity in addition of transmission of visible light. These transparent coatings are possible to apply directly on the solar glass. This collaboration is anticipated to give strength to the technology of the portfolio of AGC Solar in the market of solar PV glass.
AGC Solar in July 2016, introduced two novel products namely- ipasol neutral 70/37 and ipasol light grey 60/33. The former’s ability to provide solar protection aids in delivering transmission of high light and significantly lowering radiations of heat whereas the latter aims in delivering transmission of high light relatively with solar factor of low magnitude, enabling 60%.
For example, Nippon Sheet Glass Co. in May 2018 financed US$ 350 billion growth to produce capacity of online transparent conductive oxide (TCO) coated glass to upkeep the developing market of solar. The expansion will benefit Nippon Sheet Glass Co. in expanding the portfolio of the product in TCO coated glass in the market worldwide.
Saint-Gobain set up its novel production facility in June 2011 to manufacture solar glass in India by investing US$ 140 million.
Key Players in the Solar Photovoltaic Glass Market
The major companies functioning in the market of solar PV glass are AGC Solar, Nippon Sheet Glass Co., Ltd., Taiwan Glass Ind. Corp., Xinyi Solar Holdings Ltd., Sisecam Flat Glass, Guardian Glass, Saint-Gobain Solar, Borosil Glass Works Ltd., Flat Glass Co., Ltd., Interfloat Corporation, Guangdong Golden Glass Technologies, Hecker Glastechnik GmbH & Co. KG, F solar GmbH, Emmvee Toughened Glass Private Limited, and Euroglas.
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The Solar Photovoltaic Glass Market Research Report Forecast is a valuable source of insightful data for business strategists.
It provides the industry overview with recent trends, size, share, growth analysis, historical, futuristic data, revenue, demand and strategic development.The entire solar photovoltaic glass market has been sub-categorized into type, end-use industry.
The report provides an analysis of these subsets with respect to the geographical segmentation.
This research study will keep marketer informed and helps to identify the target demographics for a product or service.Request a FREE Sample Copy of Global Solar Photovoltaic Glass Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/solar-photovoltaic-glass-market/download-sampleBy TypeAnti-reflective Coated GlassTempered GlassTCO GlassOthersBy End-Use IndustryResidentialCommercialUtility-scaleThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the solar photovoltaic glass market include Onyx Solar Group LLC, Shenzhen Topray Solar Co., Ltd., Borosil Glass Works Limited, Trina Solar, Ja Solar Holdings Co. Ltd., Sharp Corporation, Brite Solar, Wuxi Suntech Power Co., Ltd., Gruppo STG, Polysolar.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers regional segmentation which accentuates on current and future demand for solar photovoltaic glass market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
