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Solar Photovoltaic Glass Market is Estimated To Witness High Growth Owing To Increasing Solar Installations

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Pooja Khodke
Solar Photovoltaic Glass Market is Estimated To Witness High Growth Owing To Increasing Solar Installations

The global Solar Photovoltaic Glass Market is estimated to be valued at US$ 14565.47 Million in 2022 and is expected to exhibit a CAGR of 30.72% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:


The solar photovoltaic glass is used in solar panels that convert sunlight into electricity. It provides protection to solar cells from external damage and improves overall efficiency. The demand for solar photovoltaic glass is rising due to increasing focus on renewable energy sources and need for sustainable power generation.

Market key trends:


One of the key trends in the solar photovoltaic glass market is the increasing use of anti-reflective coatings. Anti-reflective coatings are applied on solar photovoltaic glass to reduce light reflection and improve glass transmissivity. This helps increase the amount of sunlight reaching the solar cells and boosts the overall efficiency of solar panels. Anti-reflective coatings allow more than 99% of light to pass through the glass onto the solar cells.

Here is the segment analysis and key takeaways for the given solar photovoltaic glass market research report:

Segment Analysis


The solar photovoltaic glass market is dominated by the crystalline segment. Within crystalline solar photovoltaic glass, polycrystalline solar photovoltaic glass dominates the market and accounts for over 50% market share. Polycrystalline solar photovoltaic glass is cheaper to produce compared to monocrystalline and has higher conversion efficiency compared to thin film technology. Hence, it is widely used in residential rooftop installations as well as large scale utility projects. The thin film segment is growing at a higher pace but accounts for a lower market share currently due to high manufacturing costs.

Key Takeaways


The global Solar Photovoltaic Glass Market is expected to witness high growth, exhibiting a CAGR of 30.72% over the forecast period, due to increasing investments in renewable energy sources around the world to reduce dependence on fossil fuels.

Regional analysis:

Asia Pacific dominates the global solar photovoltaic glass market with over 50% market share due to presence of emerging economies like China and India with high solar power generation targets. China alone accounts for over 30% of global demand for solar photovoltaic glass. Europe is the second largest market driven by favorable renewable energy policies in countries like Germany, Italy, and UK.

Key players:

Key players operating in the solar photovoltaic glass market 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. The market is dominated by top players like AGC Solar, Nippon Sheet Glass, and Xinyi Solar Holdings.


Read More : https://www.newsstatix.com/market-estimated-to-witness-high-growth-owing-to-increased-solar-energy-demand-government-support-policies/

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