The global solar PV glass market is expected to reach USD 3.38 billion by 2024, according to a new report by Grand View Research, Inc. Increasing solar PV installations across the globe is expected to remain a key driving factor for global solar PV glass market over the forecast period.
Favorable regulatory norms across the globe are expected to promote usage of solar PV panels. These regulations are expected to have a direct impact on the solar PV glass market. According to the Kyoto Protocol Act, several countries is obliged to reduce carbon emissions. This protocol is anticipated to create ample opportunities for the green energy development and further create new avenues for market participants.
Increased solar PV installation capacities across countries such as Mexico, India, Pakistan, Italy, Spain, the UK, and South East Asia is also expected to have a positive impact on the overall market.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/solar-pv-glass-market
Further key findings from the report suggest:
·
The global solar PV glass market demand was
139.9 million square meters in 2015 and is expected to reach 856.3 million
square meters by 2024, growing at a CAGR of 22.6% from 2016 to 2024
·
Utility emerged as the leading application
segment and accounted for over 50% of total market volume in 2015. The segment
is also expected to witness the highest growth of 23.9% over the forecast
period. The huge market share of utility segment can be attributed to the
various advantages offered, such as a contribution to sustainability,
enhancement of branding and public relations effort, and reduction of the
carbon footprint of facilities.
·
Europe was the leading regional market with
demand share 51.4% in 2015. The region mainly benefitted from the favorable
regulations prevailing particularly in Italy, Spain and Belgium.
·
Asia Pacific is expected to witness the highest
growth of 22.7% over the forecast period. More than 45% of the manufacturers
for solar PV glass are situated in China and Japan, which is expected to remain
a key advantage for the regional market over the forecast period. Lower prices
and favorable climatic conditions are also expected to benefit the regional
market.
·
The global solar PV glass market is fragmented
in nature with major players trying to gain a strong foothold in the market.
The key industry participants comprise of Asahi Glass Co. Ltd., Saint-Gobain
S.A., Trina Solar Ltd., Xinyi Solar Holding Ltd., Nippon Sheet Glass Co. Ltd.,
and Guardian Industries.
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this category @ http://www.grandviewresearch.com/industry/renewable-energy
Grand View Research has segmented the global solar PV glass market on the basis of application and region:
Global Solar PV Glass Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2024)
·
Residential
·
Non-Residential
·
Utility
Global Solar PV Glass Regional Outlook (Volume, Million Square
Meters; Revenue, USD Million, 2014 - 2024)
·
North America
·
U.S.
·
Europe
·
Germany
·
France
·
UK
·
Asia Pacific
·
China
·
India
·
Japan
·
Middle East & Africa
·
Central & South America
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