With the emergence and long-term Impact of COVID-19, Global Solar Photovoltaic Glass Market to reach USD 84.14 Billion by 2029
Bizwit Research & Consulting LLP’s recent analysis on the Global Solar Photovoltaic Glass Market points towards a potential rise to USD 84.14 Billion by 2029. Solar photovoltaic glass is a type of glass that is designed to generate electricity from sunlight. It is also known as solar glass or PV glass (photovoltaic glass). The solar photovoltaic glass contains photovoltaic cells that convert solar energy into electrical energy. The photovoltaic cells are sandwiched between two layers of glass, with a conductive coating on one side. When sunlight falls on the glass, the photovoltaic cells absorb the energy and convert it into direct current (DC) electricity. The conductive coating allows the electricity to be collected and transported away from the glass. Solar photovoltaic glass is often used in building facades, windows, and skylights to generate electricity and reduce energy consumption. It can also be used in solar panels and other solar applications. The key factor driving the market growth is the rising demand for solar photovoltaic (PV) glass among residential applications, and supportive government regulations and initiative for the usage of photovoltaic technology is anticipated to create a lucrative demand for the solar photovoltaic glass market during the forecast period.
Geographically, the global Solar Photovoltaic Glass market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America is the dominating region across the world in terms of market share, owing to the presence of key market players and growing demand in the residential sector. Whereas, in terms of sales, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period, owing to factors such as supportive government initiative and rising investment in the renewal energy sector in the region would create lucrative growth prospects for the Solar Photovoltaic Glass market across the Asia Pacific region.
The global Solar Photovoltaic Glass market is highly competitive owing to the presence of several key manufacturers such as Onyx Solar Group LLC, Shenzhen Topray Solar Co., Ltd, Borosil Glass Works Limited, Trina Solar, JA Solar Holdings Co Ltd, SHARP CORPORATION, Brite Solar, WUXI SUNTECH POWER CO., LTD, GruppoSTG, Polysolar Ltd., and others.
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Key findings of the study suggest:
- Global Solar Photovoltaic Glass Market is anticipated to grow with a healthy growth rate of more than 30.80% over the forecast period 2022-2029.
- In the Type segment, Anti-reflective Coated Glass emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rapid increase in development of renewable power to cope up with the increase in electricity demand in the region.
- Asia Pacific is expected to grow at higher rate during 2022-2029 owing to rising government initiative towards renewal energy sources in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Type:
- Anti-reflective Coated Glass
- Tempered Glass
- TCO Glass
- Others
By End User Industry:
- Residential
- Commercial
- Utility-scale
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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