Solar PV Glass Market growth will be driven by rising demand for solar PV systems across the residential sector during the forecast period. 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.
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.
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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.
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.
China is a major consumer, producer, and exporter of photovoltaic systems and accounted for more than 50% of the overall solar PV glass market in 2016. In December 2016, the Chinese government amended its Thirteenth Five Year Plan to improve the countries photovoltaic energy sector with an aim to achieve at least 23% of efficiency in large scale production of crystalline silicon photovoltaic cells by 2020.
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 industry.
Key industry player in Solar PV glass market includes Nippon, Sunarc Technology, Onyx, Saint Gobain, Jin Jing Group, Guardian Industries, Guangdong Golden, Vidur Glass, Xinyi, Borosil, Euro Multivision India, Flat Group, Hecker Glastechnik, and Interfloat Corporation.
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