Solar PV Glass Market from annealed is anticipated to witness substantial growth due to its ease of manufacturing and cost competitiveness. In 2016, the University of Utah developed a laser annealing method in thin film photovoltaic systems with an objective to cut down overall manufacturing costs. Ease of polishing & machining, easy cutting, and product flexibility regarding heat strengthening will further complement the industry outlook.
The rising demand for solar PV glass across the residential sector has provided a significant impetus to the tempered/toughened solar PV glass market. This product segment provides better thermal stress breakage and mechanical strength to the glass and is therefore safer than its counterparts. The tempered solar PV glass industry is thus likely to witness a lucrative growth of 7% over 2017-2024.
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The photovoltaic glass is widely used to concentrate sunlight and convert the solar energy into electric energy. Using solar PV cells and glass in building facades and roof lighting systems can result into economical use of solar energy. PV glass can thus be directly used for power generation for small scale sectors. In countries such as the U.S., the government has introduced rebates and subsidies for the installation of solar PV glass market. It has also initiated policies such as Investment Tax Credit (ITC), which has significantly reduced the overall cost of the product to boost its adoption. As per a report by EIA, the U.S. boasted of a total installation of over 12.6 GW of solar PV systems in 2016, chiefly for the residential sector.
Technical and financial supports including subsidies, rebates, and asset leveraging, provided by the government bodies will further stimulate the Solar PV glass market. In 2016, the government of France granted a feed-in-tariff premium for various building-integrated photovoltaics installations (BIPV). The average reward was valued between USD 0.15/kWh to USD 0.28/kWh based on the working capacity of the systems.
The global solar PV glass market is gaining remarkable momentum with escalating investments toward boosting energy efficient technology and conserving the energy mix. Favorable government initiatives and projects toward the usage of clean energy sources to reduce carbon footprints have brought about huge growth prospects for solar PV glass industry over the coming seven years. In 2016, global solar PV glass market was worth over USD 2 billion and the overall consumption is projected to cross 700 million square meters by 2024, according to a report by Global Market Insights, Inc.
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Crystalline silicon module in solar PV glass market is anticipated to be over 5 million-metric tons by 2024 owing to increasing R&D investments and high operational efficiencies. In 2017, Korea Advanced Institute of Science and Technology in association with Sungkyunkwan University introduced a semi-transparent solar cell for solar windows for automobile and architectural applications. The perovskite integrated cell technology provides smart heat management for indoor activities and produces electricity.
UK Solar PV Glass Market has also been gaining traction of late. In 2016, the UK government proclaimed a complete phase-out of the standing coal fired stations by 2025. Moreover, stringent government regulations for curbing the carbon emissions has resulted into several government initiatives to install rooftop solar PV units, which is turn has raised the regional share for solar PV glass market.
Major Point From Table Of Content:
Chapter 5. Solar PV Glass Market, By Product
5.1. Global market share by product, 2016 & 2024
5.2.1. Annealed market, 2013 – 2024
5.2.2. Annealed market volume by region, 2013 – 2024
5.2.3. Annealed market revenue by region, 2013 – 2024
5.3. Toughened / Tempered
5.3.1. Toughened / Tempered market, 2013 – 2024
5.3.2. Toughened / Tempered market volume by region, 2013 – 2024
5.3.3. Toughened / Tempered market revenue by region, 2013 – 2024
Chapter 6. Solar PV Glass Market, By End Use
6.1. Global market share by end use, 2016 & 2024
6.2. Crystalline silicon module
6.2.1. Crystalline silicon module market, 2013 – 2024
6.2.2. Crystalline silicon module market volume by region, 2013 – 2024
6.2.3. Crystalline silicon module market revenue by region, 2013 – 2024
6.3. Amorphous Silicon / CdTe Module
6.3.1. Amorphous Silicon / CdTe Module market, 2013 – 2024
6.3.2. Amorphous Silicon / CdTe Module market volume by region, 2013 – 2024
6.3.3. Amorphous Silicon / CdTe Module market revenue by region, 2013 – 2024
6.4. Thin-Film CIS / CIGS Module
6.4.1. Thin-Film CIS / CIGS Module market, 2013 – 2024
6.4.2. Thin-Film CIS / CIGS Module market volume by region, 2013 – 2024
6.4.3. Thin-Film CIS / CIGS Module market revenue by region, 2013 – 2024
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