Stratistics MRC’s Global Solar Photovoltaic Glass Market value is expected to reach $56.78 billion growing at a CAGR of 32.8% during 2023-2030.
Solar photovoltaic (PV) glass is a type of glass used to generate electricity from the sun using solar cells. To generate power for a complete building, it is put within the roof or façade portions of structures. Solar cells are mounted between two glass panes that have specific resin filler in these glasses. Buildings become vertical power producers owing to PV Glass, which uses the sun to produce free and clean electricity. PV Glass allows for the passage of daylight. Additionally, it offers thermal and acoustic insulation, guaranteeing excellent filtration as up to 95% of infrared radiation and 99% of dangerous UV radiation may be absorbed.
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Europe is projected to have the highest CAGR over the forecast period, owing to a large number of solar energy systems, which are utilized for power production, district heating & cooling, water heating, and space heating. It is anticipated that the highly developed infrastructure and the diligent efforts of the regional administration to support and deploy renewable energy technology would positively impact the European market. Over the next several years, the UK sector is anticipated to have an exponential growth in income, led by continuous government measures to promote rooftop installation and tough regulations against carbon emissions. The government’s top priorities are to quit utilizing filthy fossil fuels and convert to solar energy.
Some of the key players profiled in the Solar Photovoltaic Glass Market include AGC Glass, Nippon Sheet Glass Co., Ltd., Canadian Solar, JA SOLAR Technology Co.,Ltd., INFINI Co. Ltd, Mitsubishi Electric Corporation, Taiwan Glass Industry Corporation, Sisecam, Guardian Glass, SunPower Corporation, Jinko Solar, Onyx Solar Group LLC., KYOCERA Corporation, KANEKA CORPORATION, Guangdong Golden Glass Technologies Ltd.,, Interfloat Corporation, Saint-Gobain, Xinyi Solar Holdings Limited, Emmvee Toughened Glass Private Limited and Hecker Glastechnik GmbH & Co. KG.
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Key Developments:
In June 2023, AGC Launches New FORBLUETM FLEMIONTM Ion-exchange Membrane that Contribute to Reduction of Electricity Use in Salt Electrolysis Process, the newly launched FORBLUE™ FLEMION™ F-9060 is capable to lower electrolysis voltage by approximately 40 mV*1 at salt electrolysis plants that produce caustic soda, etc.,
In April 2023, Canadian Solar announced its majority-owned subsidiary CSI Solar Co., Ltd.’s 2024 capacity expansion plans. By the end of Q1 2024, CSI Solar intends to add 30 GW of ingot, 15 GW of the wafer, 10 GW of the cell, and 25 GW of module capacity.
In August 2022, Nippon Sheet Glass Co., Ltd. announced an investment for construction of a new production site in Malaysia. The new site will improve the production capacity of the company for TCO-coated solar PV glass.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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