Solar Photovoltaic Glass Market Size:
The global solar photovoltaic glass market size reached USD 14.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 68.3 Billion by 2032, exhibiting a growth rate (CAGR) of 18.3% during 2024-2032. The market growth is primarily driven by the increasing adoption of Building-Integrated Photovoltaics (BIPV), technological advancements enhancing solar glass efficiency, and the growing application of solar photovoltaic glass in sustainable agriculture. At present, Asia-Pacific holds the largest market share, driven by rapid industrialization, increasing investments in renewable energy projects, and favorable government policies.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
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2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
USD 14.6 Billion |
Market Forecast in 2032
|
USD 68.3 Billion |
Market Growth Rate (2024-2032) |
18.3% |
Solar photovoltaic (PV) glass is a specially engineered construction glass that utilizes transparent semiconductor-based PV or solar cells to convert solar energy into electricity. Usually installed on windows, skylights, roofs or façades, these types of glass are extensively used to generate energy that can be used to power an entire building. A super clear float glass is used for thin film solar cells, whereas an ultra-clear figured glass cover is used for crystalline silicon solar cells. As solar PV glass technology utilizes sustainable sources of energy, it is rapidly gaining traction across the globe while gradually replacing conventional building materials in the residential and commercial segments.
Solar Photovoltaic Glass Market Trends:
Rising Demand for Building-Integrated Photovoltaics (BIPV)
The solar photovoltaic glass market share is gradually growing as more buildings are increasingly integrating photovoltaic technology. Architects and developers are progressively incorporating solar PV glass into the design of building exteriors, windows, and roofs in order to improve energy efficiency and sustainability. The construction industry is being pushed to adopt renewable energy solutions due to stricter energy regulations and increasing environmental awareness, which is further contributing to this trend. Anticipated growth in BIPV demand correlates with increasing government support for sustainable construction and developer efforts to lower building energy use.
Continual Technological Advancements in Solar Glass Efficiency
Ongoing technological innovations are enhancing the efficiency and performance of solar photovoltaic (PV) glass. Integrating nano-particle coatings and thin-film technologies enhances the absorption of light and conversion of energy in solar glass, enabling it to operate efficiently in different lighting situations, including those with low light levels. These developments enhance flexibility in various climates, decrease the required number of panels, and bring down installation expenses, enhancing the system's feasibility. Solar panel efficiency has notably increased, rising from 10% to over 20%, with some reaching 25% conversion, according to an article by Green Lancer. This progress enables solar systems to convert more sunlight into renewable energy, driving the adoption of solar PV glass in both residential and commercial applications as technology continues to shift.
Growing Focus on Sustainable Agriculture
The solar photovoltaic glass market forecast projects a rise in the augmenting interest for use in sustainable farming, especially for solar greenhouse construction. Greenhouses can produce renewable energy with PV glass, while preserving ideal light conditions for crops. This development tackles the worldwide demand for energy-efficient farming methods and decreases dependence on conventional energy sources. Solar greenhouses are becoming increasingly popular as they serve a dual purpose by supporting both food production and renewable energy generation. As investments in sustainable agriculture continue to rise, the need for solar PV glass in this industry is predicted to increase, augmenting market growth even further.
Solar Photovoltaic Glass Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global solar photovoltaic glass market report, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on type, module, and end use industry.
Breakup by Type:
- Anti-Reflective Coated Glass
- Tempered Glass
- TCO Glass
- Others
Breakup by Module:
- Crystalline Silicon PV Modules
- Amorphous Silicon PV Modules
- Thin Film PV Modules
Breakup by End Use Industry:
- Residential
- Non-Residential
- Utility
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the solar photovoltaic glass industry has also been examined along with the profiles of the key players.
- AGC Glass Europe (AGC Inc)
- Borosil Limited
- Compagnie de Saint-Gobain S.A.
- Flat Glass Group Co. Ltd.
- GruppoSTG
- Interfloat Corporation
- Kaneka Corporation
- Nippon Sheet Glass Co. Ltd.
- Shenzhen Topraysolar Co. Ltd.
- Sisecam
- Taiwan Glass Industry Corporation
- Xinyi Solar Holdings Limited
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Solar Photovoltaic Glass Market News:
- March 2024: Solar panel recycling company Solarcycle is investing D344 million to establish a solar glass manufacturing facility in Cedartown, Georgia. The plant plans to utilize recycled solar panels to manufacture five to six gigawatts of crystalline-silicon photovoltaics each year, generating 600 job opportunities.
- November 2023: System USA collaborated with ClearVue to place transparent solar glass on a greenhouse in California, producing about 82 kilowatts of power and 107,000 kilowatt-hours per year, decreasing expenses. ClearVue utilizes advanced technology that employs nano- and micro-particles to guide light towards monocrystalline silicon PV modules.
- February 2023: Triveni Glass Ltd plans to allocate Rs 1,000 crore to establish a solar glass production facility in Andhra Pradesh, generating 2,000 job opportunities. The plant is expected to have a capacity of 840 metric tonnes per day and will be located in East Godavari district.
Solar Photovoltaic Glass Market Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
Billion USD |
Segment Coverage |
Type, Module, End Use Industry, Region |
Regions Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
AGC Glass Europe (AGC Inc), Borosil Limited, Compagnie de Saint-Gobain S.A., Flat Glass Group Co. Ltd., GruppoSTG, Interfloat Corporation, Kaneka Corporation, Nippon Sheet Glass Co. Ltd., Shenzhen Topraysolar Co. Ltd., Sisecam, Taiwan Glass Industry Corporation and Xinyi Solar Holdings Limited |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |