Global Solar Photovoltaic Glass Market by Type (AR Coated, Tempered, TCO Coated, Other), Application, End User (Crystalline Silicon PV Modules, Thin Film PV Modules), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025

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Global solar photovoltaic glass market is expected to reach USD 22.32 Billion by 2025, at a CAGR of 34.11% from 2018 to 2025. The key contributing factors for the market growth are increasing demand for solar systems in residential applications, supportive policies, and initiatives by governments, and stringent regulations about the adoption of the clean energy.

Market Overview:

Solar photovoltaic glass facilitates the conversion of light into electricity by incorporating transparent solar cells. The solar photovoltaic glass consists of solar cells that are placed with glass panes. It is used mainly for photovoltaic applications and can be of crystalline silicon or thin film form based materials.  The solar photovoltaic glasses are also used as windows, rooftops, and fronts to give a creative architectural design for the buildings. For instance, Guardian Industries collaborated with Pythagoras Solar to manufacture and market SunGuard Photovoltaic Glass Units (PVGU) for commercial buildings. Also, the solar photovoltaic glass provides enhanced insulation than standard glass. Also, the adoption of clean energy and the government’s initiatives for approval of reviewable energy for building materials has increased the solar photovoltaic glass market in the future.

Report Description:

  • The base year for the study has been considered 2017, the historic year 2015 and 2016, the forecast period considered is from 2018 to 2025.
  • The report provides the key data of Production (Million Square Meters), Consumption (Million Square Meters), Import & Export (Million Square Meters), Demand, Supply, and Gap Analysis to understand the present and future scenario of the market.
  • The study delivers a comprehensive analysis of the global solar photovoltaic glass market by type, application, end user, and regions.
  • The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • Porter’s Five Forces model is used to recognize the competitive scenario in the global solar photovoltaic glass market. This report incorporates the industry analysis which is focused on providing an extensive view of the solar photovoltaic glass market.
  • The study also includes attractiveness analysis of type, application, end user, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the solar photovoltaic glass market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics: 

Drivers:

  • Increasing demand for solar systems in residential applications
  • Supportive policies and initiatives by governments
  • Stringent regulations about the adoption of clean energy

Restraints:

  • High costs involved in the installation
  • Increasing prices of raw materials

Opportunities:

  • Expanding awareness about the benefits of renewable sources
  • Increasing awareness to limit carbon emission levels

Challenges:

  • Energy efficient manufacturing process for the glass industry
  • Less availability of high-quality solar PV glass

Global Solar Photovoltaic Glass Market Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.

Segmentation Analysis:

The solar photovoltaic glass market is segmented by type, application, and end user.

  • Type segment includes AR coated, TCO coated, tempered, and other. The AR coated segment valued around USD 1.93 billion in 2017. The AR coated solar PV glass delivers consistent performance in solar panels. It also virtually eliminates reflections when used as eyeglass lenses. The tempered glass is being extensively used due to its strength features and helps to improve the power output of PV modules. The tempered glass is also known as safety glass or toughened glass.
  • Application segment is divided into residential, utility, and non-residential. Utility segment held the highest market share of 34.11% in 2017 owing to the increasing installation of utility-scale solar power plants across the globe and increasing distributed power generation applications.
  • The end-user segment covers crystalline silicon PV modules and thin film PV modules. Silicon PV modules segment is anticipated to grow with the highest CAGR 35.44% during the forecast period owing to its increasing use in both commercial & residential applications and are safe and reliable to use.

Regional Segmentation Analysis:

The market is analyzed by five regions namely North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Asia-Pacific region held the largest market share of approximately 38.23% in 2017 whereas the North America region held the second dominant position in the global solar photovoltaic glass market.

  • The Asia Pacific is fastest growing region due to the increasing demand for solar energy, increasing initiatives by governments of various countries to reduce emissions of greenhouse gases, and the introduction of renewable sources of energy is creating an opportunity for the growth of the market.
  • Favorable regulations, increasing investments for renewable sources, and rapid technological advancements are some of the factors that led to the growth of solar photovoltaic glass market in the North America region.

Global Solar Photovoltaic Glass Market Competitive Analysis:

Key players 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., Henan Huamei Cinda Industrial Co., Ltd., Guangfeng Solar Glass (Hong Kong) Co., 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 AGC Solar, Henan Huamei Cinda Industrial Co., Ltd., Borosil Glass Works Ltd., Hecker Glastechnik GmbH & Co. KG, and Saint-Gobain Solar are the top leading players of the market. For instance, in 2018, Ubiquitous Energy signed a strategic development agreement with Asahi Glass to speed commercialization of solar photovoltaic glass.

This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global solar photovoltaic glass market by below-mentioned segments:

Global Solar Photovoltaic Glass Market, By Type:

  • AR Coated
  • TCO Coated
  • Tempered
  • Other

Global Solar Photovoltaic Glass Market, By Application:

  • Residential
  • Utility
  • Non-Residential

Global Solar Photovoltaic Glass Market, By End User:

  • Crystalline Silicon PV Modules
  • Thin Film PV Modules

Global Solar Photovoltaic Glass Market, By Regions:

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherlands
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of The Middle East and Africa

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Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

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Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
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  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

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    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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