Solar photovoltaic glass market is expected to grow at a considerable rate during the forecast period 2019-2025. Solar PV glass is a technology that allows converting light into electricity. It is considered as one of the essential barriers that protect solar PV cells against external damaging factors, such as dirt, water, and vapor. The glass has significant importance as it can create a major difference in the efficiency of the solar panel. The anti reflective coating on solar panel glass can enhance the percentage of captured sunlight from solar PV cells and decrease the amount of reflected light. It encourages the strength and efficiency of solar PV panels. Solar PV glass is one of the major components used in solar PV systems as it enables to transmit as much as sunlight into the module. In addition, a standard solar panel comprises a glass casing at the panel front that enables to add protection and durability for silicon PV. The major factors boosting the adoption of solar PV glass include rising solar PV installations and cohesive government regulations for renewable energy sources. For instance, in January 2019, the Indian government accepted the proposal for implementation of decentralized and off-grid solar PV applications programme (phase-III). This program is intended to expand further 118 Mega Watt peak (MWp) off-grid solar PV capacity by 2020. It has a significant impact on the remote and rural areas where grid power is either not reliable or reached.

Furthermore, in November 2018, the US government approves 500 MW solar PV project in California. This is referred to as Palen Solar Project that will cover up BLM-administered lands of 1,270 hectares. This would permit to power nearly 130,000 homes and uses over 1,000 individuals during the project. This includes an on-site construction workforce of over 550 employees and will comprise a 7-mile 230-kV generation interconnection transmission line that provides power through the Southern California Edison Red Bluff Substation. The station delivers power under a purchase power agreement (PPA). This kind of favorable support towards solar projects to meet energy requirements is a key driving force for the growth of the market.

The global solar photovoltaic glass market is segmented on the basis of type, application, and module. Based on the type, the market is further classified into a flat plate and tempered. Tempered glass is also known as toughened glass. There are particular features that make this glass ideal for the production of solar PV panels. For instance, it is up to four times stronger as compared to standard plate glass. It is safe as when it breaks, it shatters into small pieces. This, in turn, decreases the possibility of severe injury. Both the safety and strength are required for installations of solar panels, which leads to a significant rise in the adoption of tempered glass. Additionally, based on application, the market is further classified into residential, non-residential and utility. Based on the module, the market is further segmented into thin-film solar panels, crystalline silicon solar panels, and CSP.

Geographically, the market is further segmented into four major regions, such as North America, Europe, Asia-Pacific and rest of the world (RoW). Among these regions, Asia-Pacific was anticipated to hold the largest share in 2017. The major factors contributing to the demand for solar PV glass in the region include rising solar PV installations and stringent government regulations to reduce greenhouse gas emissions. Moreover, North America solar PV glass market has been primarily driven by the government approvals for solar projects and significant demand for clean energy sources for power generation.

The major companies in the market include AGC, Inc., Saint-Gobain Group, Borosil Glass Works Ltd., Taiwan Glass Industry Corp., Xinyi Solar Holdings Ltd. Flat Glass Group, Guardian Industries, Nippon Sheet Glass Co., Ltd., and Onyx Solar Group LLC. are significantly contributing in the market. These companies are adopting several strategies, such as merger and acquisitions, product launches, geographical expansion and collaboration, and partnership to expand market share across the globe. For instance, in June 2018, AGC (Asahi Glass Co., Ltd.) partnered with Ubiquitous Energy, Inc., a provider of transparent solar technology. This partnership is aimed at the development of Ubiquitous Energy’s transparent and color neutral solar coating to create windows that generate electricity. ClearView Power is the transparent solar coating by Ubiquitous Energy that selectively absorbs and converts ultraviolet and infrared light into electricity while transmitting visible light. It can be applied to buildings’ vertical surfaces and turns traditional windows into high electricity generating and energy efficient windows that are aesthetically attractive and acceptable to occupants, designers, and architects.  According to Ubiquitous Energy, the experience of AGC in glass and glass coatings and BIPV technologies will enable the company to leverage the development and commercialization of their transparent solar technology. Moreover, according to AGC, this partnership would fit perfectly into their strategies to offer the best eco-friendly glass solutions.

Research methodology:

The market study of the global solar Photovoltaic glass market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Authentic public databases, such as the Solar Energy Industries Association (SEIA) and the International Renewable Energy Agency (IRENA).
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for government and private companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

1. Global Solar PV Glass Market Research and Analysis by Type
2. Global Solar PV Glass Market Research and Analysis by Application
3. Global Solar PV Glass Market Research and Analysis by Module Type

The Report Covers:

• Comprehensive research methodology of the global solar PV glass market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global solar PV glass market.
• Insights about market determinants which are stimulating the global solar PV glass market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.