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Solar PV Glass Market to witness heavy growth prospects via annealed product segment

Author : Ronak Bora | Published Date : 2019-05-08 

Solar PV Glass Market from annealed is anticipated to witness substantial growth due to its ease of manufacturing and cost competitiveness. In 2016, a research team from the U.S. based University of Utah developed latest laser annealing technique in thin film chalcogenide PV systems with an aim to cut down overall solar manufacturing costs. Product flexibility subject to heat strengthening, ease of polishing & machining and easy cutting will further complement demand outlook.

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Technical and financial supports including subsidies, rebates, and asset leveraging, provided by the government bodies will further stimulate the Solar PV glass market. In 2016, the government of France granted a feed-in-tariff premium for various building-integrated photovoltaics installations (BIPV). The average reward was valued between USD 0.15/kWh to USD 0.28/kWh based on the working capacity of the systems.

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. In 2016, global Solar PV glass industry was worth over USD 2 billion and the overall consumption is projected to cross 700 million square meters by 2024, according to a report by Global Market Insights, Inc.

Solar PV Glass Market, By Technology

  • Float
  • Pattern

Solar PV Glass industry, By Product

  • Annealed
  • Toughened / Tempered

Solar PV Glass Market, By End Use

  • Crystalline Silicon Module
  • Amorphous Silicon / CdTe Module
  • Thin-Film CIS / CIGS Module

Crystalline silicon module in solar PV glass market is anticipated to be over 5 million-metric tons by 2024 owing to increasing R&D investments and high operational efficiencies. In 2017, Korea Advanced Institute of Science and Technology in association with Sungkyunkwan University introduced a semi-transparent solar cell for solar windows for automobile and architectural applications. The perovskite integrated cell technology provides smart heat management for indoor activities and produces electricity.

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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.

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 global solar PV glass industry is likely to witness strategic collaborations and mergers to expand their network across different regions. Prominent industry players include Guardian Industries, Vidur Glass, Guangdong Golden, Xinyi, Sunarc Technology, Jin Jing, Borosil, and Flat Group.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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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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