Global Solar Photovoltaic Glass Market (PV)Global Solar Photovoltaic Glass Market (PV) was valued USD 4.65 Bn in 2016 is expected to reach USD 35.14 Billion by 2024 at a CAGR of 33.5%
Global solar photovoltaic (PV) glass market is segmented by application, by type, by end user and by region. Global solar photovoltaic (PV) glass market based on type has been segmented into anti-reflective coated, tempered, transparent conductive oxide coated and others. Utility, residential and non-residential are end user segments of solar photovoltaic (PV) glass market. Geographically, the solar photovoltaic glass market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Global solar photovoltaic (PV) glass market is driven by growth of power generation sector. Depletion of oil reserves and increasing carbon emission has greatly impacted the solar photovoltaic glass market. Strong government support and initiative is accelerating the solar photovoltaic (PV) glass market growth. Increasing solar photovoltaic installations across various nations including Mexico, India, Pakistan, Italy, Spain, the UK and South-East Asia is expected to impel the demand of solar photovoltaic glass during the forecast period.
Global Solar Photovoltaic Installations Market (PV)
Anti-reflective coated type segment is expected to be one of the major contributors for the market during the forecast period while tempered type segment is expected to grow at a high CAGR during the forecast period.
Utility segment is expected to hold largest shares of the market during the forecast period due to growing installation of utility-scale solar power plants globally and increasing government investments for solar energy are expected to drive the growth of the utility application.
Asia-Pacific is expected to be one of the largest markets for solar photovoltaic glass. Increasing demand for solar energy in the region and increasing government initiatives of various countries such as China, India, Japan, and South Korea to reduce emissions of greenhouse gases.