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Solar PV Glass Market will be pushed by rising demand for solar PV glass across the residential sector

Author : Ronak Bora | Published Date : 2019-03-18 

Solar PV Glass Market will be augmented by government initiatives towards sustainable energy integration coupled with growing measures toward energy conservation. In 2016, The U.S. Government revised its SunShot initiative plans with an aim to achieve cost targets of about USD 0.05 /Kwh and USD 0.04/ Kwh for residential and commercial photovoltaic applications respectively.

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 market is thus likely to witness a lucrative growth of 7% over 2017-2024.

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Increasing funding from public and private financial institutions including the World Bank, Asian Development Bank (ADB) to explore PV potential across developing regions will foster the solar PV glass market. In 2017, International Solar Association announced a global funding of about USD 300 billion to support sustainable energy over next ten years. In 2017, Softbank, Japan announced a funding of about USD 100 billion under its Vision Fund program towards solar installations across India.

On the technology front, solar PV glass market is segmented into two types namely float and pattern. The pattern solar PV glass market 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.

Crystalline silicon solar PV glass market is set to exceed 5-million-metric tons by 2024. High operational efficiencies and increasing R&D investments will further stimulate the business landscape. In 2017, researchers from Korea Advanced Institute of Science and Technology in collaboration with Sungkyunkwan University introduced their semi-transparent solar cell for solar windows in automobile and buildings. The perovskite integrated cell technology generates electricity and also provides smart heat management for indoor activities.

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UK solar PV glass industry has also been gaining traction of late. In 2016, the UK government proclaimed a complete phase-out of the standing coal fired stations by 2025. Moreover, stringent government regulations for curbing the carbon emissions has resulted into several government initiatives to install rooftop solar PV units, which is turn has raised the regional share for solar PV glass industry.

Netherlands solar PV glass market size in 2016 was valued over USD 20 million. Ongoing government initiatives to expand rooftop installations along with stringent norms pertaining to reduction of GHG emissions will drive growth. In 2016, Government of Netherland has revised its renewable integration targets to 14% by 2020. The government further extended their solar tax scheme in compliance to EU?s climate action plan.

Notable solar PV glass market participants include Nippon, Onyx, Saint Gobain, Guardian Industries, Guangdong Golden, Xinyi, Sunarc Technology, Borosil, Euro Multivision, Flat Group, Jin Jing, Hecker Glastechnik, Vidur Glass and Interfloat Corporation.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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