“Global Solar PV Glass Market was valued at $20 billion by 2029”, says Visiongain
23 September 2019
Solar PV Glass Market Report : Forecasts by Application (Utility, Residential and Non-Residential), Type (AR Coated, Tempered, TCO and Others), End User (Crystalline Silicon PV Modules and Thin Film PV Modules), by Region and Analysis of Leading Companies indicates that the Global Solar PV Glass Market was valued at $20 billion by 2029.
Solar photovoltaic (PV) glass refers to a technology that includes transparent photovoltaic semiconductor-based cells, recognized as solar cells, that enable sunlight to be converted into electricity. These solar cells are integrated between two glass panes and in either crystalline silicon or thin film shape they are used for PV apps. Solar PV cells utilizes ultra-clear figured glass as a cover for crystalline silicon solar cells, whereas super-clear float glass is used for thin film solar cells.
Growing environmental concerns have resulted to a growing shift to renewable energy sources, which is likely to increase development in the solar photovoltaic glass industry over the forecast period. Increasing solar photovoltaic facilities across different countries, including India, Mexico, Italy, Pakistan, the UK, Spain, and South East Asia, are anticipated to increase solar photovoltaic glass demand during the forecast period. In addition, favorable public standards such as the Kyoto Protocol Act concentrating on encouraging the use of solar photovoltaic panels are anticipated to further propel the solar photovoltaic glass industry during the forecast period.
Favorable laws are anticipated to generate significant demand for solar PV glass on the national market in European nations including Spain, Italy, and Belgium. Furthermore, favorable climatic circumstances, reduced prices and growing accessibility of solar photovoltaic producers in China and India are anticipated to boost the development of solar photovoltaic glass in the Asia-Pacific region significantly over the forecast period. In addition, growing demand for solar PV glass from Australia, China, India, Japan, and South-East Asian nations is anticipated to further increase demand for solar PV glass over the forecast period.
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