Global Solar Photovoltaic Glass Market Expected To Reach $ 11.44 Billion By 2021 With A CAGR Of 28.53%

Date: 2017-06-25

Solar photovoltaic (PV) glass is a technology that incorporates transparent semiconductor-based photovoltaic cells, known as solar cells, enabling the conversion of sunlight into electricity. These solar cells are embedded between two glass panes and are used for PV applications in either crystalline silicon or thin film form. For crystalline silicon solar cells, solar PV cells use ultra-clear figured glass as cover, while for thin film solar cells, super clear float glass is used.

The global Solar Photovoltaic Glass market was estimated at USD$ 3.26 Billion in 2016, and is anticipated to reach USD$ 11.44 Billion by 2021, expanding at a CAGR of 28.53% between 2017 and 2021. Photovoltaic glass is integrated with solar cells to concentrate sunlight and convert solar energy to electricity. Semiconductors and photovoltaic cells are embedded between the sheets of glass which is employed on the modules. It constitutes for over 80% of the module by weight and works as the prime interaction between module and light. Sometimes an additional plastic anti-reflective sheet or coating is applied to enhance the effect of glass cover to generate electricity, prevent UV radiations, endure extreme temperature conditions and provide anticipated transparency.

Easy manufacturing process, uniform thickness, architectural applications, and cost effectiveness are some of the key qualities which will drive float solar PV glass market size. The technology on account of its high light transmittance, low reflectance and high flatness holds extensive applications in thin film photovoltaic modules.

U.S. solar PV glass market size in 2016 was over 90-million-meter square. Measures towards energy security along with stringent government regulations to deploy sustainable energy will propel the industry growth. In January 2017, the U.S. legislation introduced a Department of Energy Research and Innovation Act under H.R.589 to improve traditional laboratories and focus more towards the electricity storage and solar fuels research activities.

China accounted for over 50% of the global solar PV glass market in 2016. The country stands as the major producer, exporter and consumer of photovoltaic systems and strives to conduct R&D initiatives to improve efficiency and costs of panels. In December 2016, the government revised Thirteenth Five Year Plan to develop country’s photovoltaic energy sector. It aims to achieve large scale production of crystalline silicon photovoltaic cells with efficiency of at least 23% by 2020.
 
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Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 1-510-400-8520
Web: www.gosreports.com
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