02-Dec-2021 | Zion Market Research
The primary participants of Global Solar PV Glass market comprise Sisecam Group, Euroglas GmbH, Hecker Glastechnik GmbH & Co. KG, EMMVEE Toughened Glass Private Limited, Xinyi Solar Holdings Ltd, Henan Huamei Cinda Industrial Co., Ltd., AGC Group, Taiwan Glass Ind. Corp., Borosil Renewables Limited, Guangdong Golden Glass Technologies, Nippon Sheet Glass Co., Ltd., Saint-Gobain Solar, among others. These players are set to foster the development of Global Solar PV Glass market in the years to come
As per analysts at Zion Market Research, Global Solar PV Glass Market was capitalized at USD 5,175.09 Million in 2020 and is likely to cross USD 52,085.64 Million in 2028, developing at a CAGR of 33.1% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Global Solar PV Glass Market By Type (TCO Glass, Anti-reflective Coated Glass, Tempered Glass, Others), By End-Use Industry (Commercial, Residential, Industrial & Utility-scale): Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028.”
Supportive Various Government Initiatives To Boost The Development Of Global Solar PV Glass Market In The Years To Come
As per analysts at Zion Market Research, The solar PV glass industry is changing speedily with the modernizations taking place along the complete value chain. Solar energy is one of the cleanest and most abundant renewable energy sources available across the globe. The government has also offered supportive environment policies at the state level for the installation and operation of solar PV plants to ensure renewable energy generation. The major benefit of using solar energy is that it is a truly renewable energy source. With the development of solar industries, manufacturers are constantly looking for ways to make solar panels more efficiently, which means that solar’s energy-payback time will continue to decrease. Moreover, the supportive government initiatives in order to achieve a sustainable future with the use of clean energy is anticipated to augment the growth of the market. Solar energy is considered as a “green” source of energy due to the lack of harmful environmental side effects associated with its use, produces zero emissions once installed on the roofs. Additionally, the relative environmental cost of manufacturing these panels is shrinking rapidly compared to the clean energy they generate.
The U.S. has few of the abundant solar resources in the world and the U.S. government is been vigorously investing in solar energy plants to attain a future with sustainable energy. The U.S. government has also approved multi-year extension of tax credits for renewable energy plants such as concentrating solar power (CSP) and solar PV glass stations as per International Energy Agency (IEA).
Variety of Applications In The Utility Segment To Power The Global Solar PV Glass Market In
Asia Pacific spearheaded the Global Solar PV Glass market in 2016 with over 54.02% share. The solar PV glass is widely used in a variety of applications in the utility segment such as PV panels that are installed on building fronts, application for powering precise devices, solar energy for home at roof tops, small & large power generation plants and utility scale solar PV farms often used to create enough electricity that can power entire cities, among others. These inclinations are driving the need for solar PV glass in utility applications.
Browse the full “Global Solar PV Glass Market By Type (TCO Glass, Anti-reflective Coated Glass, Tempered Glass, Others), By End-Use Industry (Commercial, Residential, Industrial & Utility-scale): Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/solar-pv-glass-market
The global solar PV glass market is segmented as follows:
By End Use Industry
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