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Solar PV Glass Market Size

Report ID: GMI1271
Published Date: May 2017
Report Format: PDF

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Solar PV Glass Market Size

Solar PV Glass Market size surpassed USD 2 billion in 2016 and is poised to grow at a CAGR of over 6.9% between 2016 and 2024. The global industry demand is expected to reach 700 million square meters by 2024.

Stringent policies and regulations pertaining to clean energy adoption coupled with laws to curb greenhouse gas emissions will boost the market revenue. Moreover, favorable government initiatives to encourage the adoption of sustainable energy for building envelopes will positively influence the market size.

Solar PV Glass Market

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Growing investments to explore the untapped photovoltaic potential among developing countries will stimulate the market growth. Additionally, positive outlook towards renewable industry along with introduction of subsidies and rebates will further fuel the market growth.

Solar PV Glass Market Report Attributes
Report Attribute	Details
Base Year:	2016
Solar PV Glass Market Size in 2016:	2 Billion (USD)
Forecast Period:	2017 to 2024
Forecast Period 2017 to 2024 CAGR:	6.9%
2024 Value Projection:	3 Billion (USD)
Historical Data for:	2013 to 2016
No. of Pages:	310
Tables, Charts & Figures:	755
Segments covered:	Technology, Product, End Use and Region
Growth Drivers:	Growing demand for clean fuel energy Favorable government incentives Growing solar PV installation
Pitfalls & Challenges:	Lower operational efficiencies of PV modules

What are the growth opportunities in this market?

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The levelized cost of new PV plants in the U.S. have decreased significantly over years owing to Investment Tax Credit (ITC) policy of the country, boosting the installation of solar PV systems.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of solar PV glass was USD 2 billion in 2016.

The industry share of solar PV glass is projected to witness more than 6.9% growth rate during 2017 to 2024.

According to this research report by GMI, China held more than 50% of the global market share in 2016 and will continue its dominance till 2024 as the country stands as the major producer, exporter and consumer of PV systems.

Toughened / tempered product segment is predicted to expand at 7% CAGR during the forecast period owing to its high resistance and effective safety edge features than other counterparts.

Key companies operating in the market include Onyx, Nippon, Guardian Industries, Xinyi, Saint Gobain, AGC, Guangdong Golden, Borosil, Sunarc Technology, ?i?ecam Group, Euro Multivision India, Hecker Glastechnik, Flat Group, Interfloat Corporation, Jin Jing Group and Vidur Glass.