Solar PV Glass Market Outlook To 2024 - Onyx Solar Energy, Guardian Industries, Euro Multivision ltd., AGC Asahi Glass, NSG Pilkington, Xinyi Glass, Saint-Gobain, Borosil Glass Works Ltd.

U.S. solar PV glass market occupied more than 90 million square meters in terms of area and is predicted to grow significantly, accounting for an increased number of installations over the years ahead. The growth can be attributed to the escalating deployment of strict governmental norms to adopt sustainable energy. In addition, the Department of Energy Research and Innovation has taken initiations to enhance traditional laboratories under the Act of H.R.589, which will stimulate solar PV glass industry share notably. The increasing requirement of PV solar systems across the residential sector will fuel the demand for tempered solar PV glass industry, slated to record an annual growth rate of more than 7% by 2024. Besides, tempered products have notable thermal stress resistance capability and superior mechanical strength, which will fuel the market growth.

The global solar PV glass market is gaining remarkable momentum with escalating investments toward boosting energy efficient technology and conserving the energy mix. Favorable government initiatives and projects toward the usage of clean energy sources to reduce carbon footprints have brought about huge growth prospects for solar PV glass industry over the coming seven years.

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The notable giants in solar PV glass market are looking forward to increasing the annual manufacturing capacity to garner profits. Strategies such as product differentiation and novel product development will create lucrative avenues for the market players. Top competitors are also focusing on strategic joint ventures and partnerships to expand their global presence. Prominent industry players include Guardian Industries, Vidur Glass, Guangdong Golden, Xinyi, Sunarc Technology, Jin Jing, Borosil, and Flat Group.

On the technology front, solar PV glass market is segmented into two types namely float and pattern. The pattern solar PV glass industry share is expected to depict an annual growth rate of 6% over the period of 2017-2024, owing to its better aesthetics, easy lamination, non-blinding effect, and desired degree of transparency. On other hand, the float solar PV glass industry also holds a significant market chunk as it finds extensive applications in thin film photovoltaic modules.
Solar PV glass market from thin film CIS / CIGS segment is likely to register a CAGR of 9% over 2017-2024. Moreover, the use of low iron pattern and float glasses for manufacturing crystalline modules has considerably impelled the solar PV glass industry.

The rising demand for solar PV glass across the residential sector has provided a significant impetus to the tempered/toughened solar PV glass market. This product segment provides better thermal stress breakage and mechanical strength to the glass and is therefore safer than its counterparts. The tempered solar PV glass industry is thus likely to witness a lucrative growth of 7% by 2024.

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