Global Solar Glass Market Overview:
Solar Glass is used in photovoltaic modules as layer of protection against the elements. In thin-film technology, glass also serves as the substrate upon which the photovoltaic material and other chemicals (such as TCO) are deposited. Solar glass is also the basis for mirrors used to concentrate sunlight, although new technologies avoiding glass are emerging.
As per latest study released by AMA Research, the Global Solar Glass market is expected to see growth rate of 4.77% and may see market size of USD204.67 Million by 2028.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising R&D Activities and Green Building Trends
Market Growth Drivers:
Supportive Policies and Initiatives of Various Governments Across the Globe, Increasing Demand for Solar Systems in Residential Applications and Rapid Industrialization And Urbanization in Emerging Nations
Challenges:
Less Availability of High-Quality Solar Glass
Restraints:
High Costs Involved in the Installation, Storage, and Purchase of Power Conversion Devices and Stringent Implementation of Various Regulations for Carbon Dioxide Emissions
Opportunities:
Shifting Focus Towards Renewable Energy Sources Owing to the Increasing Environment Concerns, Decreasing Costs of Solar Systems and Energy Storage Devices and Increasing Prices of Fossil Fuels
Competitive Landscape:
In Solar Glass Market, it has been observed that most of the companies are upgrading or introducing innovative products as well as are heavily investing in Research and Development (R&D) activities in order to gain a position in the global solar glass market. These companies rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Some of the key players profiled in the report are Changzhou Almaden Co., Ltd. (China), Guardian Industries (United States), Asahi India Glass Limited (India), Dongguan CSG Solar Glass Co., Ltd. (China), Şişecam Group (Turkey), Euroglas GmbH (Germany), Xinyi Solar Hldgs (China), Glasstech, Inc. (China), Vitro Architectural Glass (United States), AVIC Sanxin Solar Glass Co., Ltd (China), Changzhou Huamei Photoelectric New Material Co., Ltd (China), Jiangsu Xiuqiang Glasswork Co., Ltd.(China) and Henan Yuhua Solar Glass Co., Ltd. (China). Analyst at AMA Research see China Manufacturers to retain maximum share of Global Solar Glass market by 2028. Considering Market by Solar Glass Type, the sub-segment i.e. Crystalline Cells will boost the Solar Glass market. Considering Market by Sales Channel, the sub-segment i.e. Direct Channel will boost the Solar Glass market. Asia Pacific is projected to be the fastest-growing market, expanding at a CAGR of 7.28% from 2022 to 2028.
In 2017, Asahi India Glass Ltd. launches a leading glass solution powered by Microsoft Azure. The company introduced AIS World of Glass- an app that lets users channel their imagination and visualize glass customizations for their home and office. The app was developed with the help of FutureSoft, a gold-certified partner of Microsoft.
Analyst View
The solar glass business is very profitable, boosted by growth in the solar market. As traditional companies do not offer a business model that is suitable to photovoltaic companies, the new entrants to this competitive market, solely dedicated to solar glass and mirrors. This is expected to drive the global solar glass market.
What Can be Explored with the Solar Glass Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Solar Glass Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Solar Glass
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Solar Glass market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Solar Glass market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Solar Glass Manufacturers, Solar Glass Traders, Suppliers, and Distributors, Government and Research Organizations, Associations and Industrial Bodies, Raw Material Suppliers and Distributors and Industry Associations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.