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Solar PV Glass Market Size & Share, by End-user (Residential, Commercial, Utility-Scale) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 3565
  • Published Date: Dec 26, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Solar PV Glass Market size was valued at USD 25.98 billion in 2024 and is set to exceed USD 697.5 billion by 2037, expanding at over 28.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of solar PV glass is evaluated at USD 32.34 billion.

The growth of the market can be attributed to the growing adoption of solar energy, and advancement in technology. Solar photovoltaic glass is made up of small photovoltaic cells, which are also used in solar panels. These PV cells or solar cells use solar energy to create electricity. The initiative to go green by various government and non-government organizations is estimated to act as the primary growth driver for the market. According to the International Energy Agency (IEA), solar power generation crossed 720 TWh in 2019, registering a growth of 22%. The growing adoption of solar PV glasses over solar panels in residential as well as commercial building is estimated to boost the market growth. These glasses are used to cover outer walls, roofs, and façade areas to maximize the production of electricity from solar energy. Furthermore, rising government initiatives to promote the use of solar energy is estimated to drive the market growth.  

Growth Drivers

  • Growing Adoption of Solar Energy
  • Increasing Adoption of Solar PV Glass in Commercial Sector

Challenges

  • Lack of Proper Infrastructure in Developing Nations

Solar PV Glass Market: Key Insights

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

28.8%

Base Year Market Size (2024)

USD 25.98 billion

Forecast Year Market Size (2037)

USD 697.5 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Solar PV Glass Segmentation

The market is segmented by end-user into residential, commercial, utility-scale, and others, out of which, the commercial segment is anticipated to hold the largest share in the market over the forecast period on account of growing installation of solar PV glass in commercial buildings, backed by the growing environmental awareness amongst people. A majority of private and corporate companies are adopting solar PV glasses, which is estimated to boost the segment growth. 

Our in-depth analysis of the global market includes the following segments:

           End-User
  • Residential
  • Commercial
  • Utility-Scale
  • Others
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Solar PV Glass Industry - Regional Synopsis

 Asia Pacific industry is set to account for largest revenue share by 2037, propelled by growing adoption of solar energy in the region, and presence of numerous sky-scrappers in developed parts of Japan, China, Singapore, India, Korea, and others., propelled by growing adoption of solar energy in the region, and presence of numerous sky-scrappers in developed parts of Japan, China, Singapore, India, Korea, and others.

The market in the North America region is estimated to witness significant CAGR over the forecast period owing to the technological advancement, growing public awareness, and growing government investment in renewable energy sources. Moreover, increasing adoption of advanced technology is anticipated to boost the regional market growth. According to the data by IEA, in the United States 13.2 GW of solar PV were installed in 2019, which was 25% higher than 2018.

Solar-PV-Glass-Market-Share (1)
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Companies Dominating the Solar PV Glass Landscape

    • Onyx Solar Group LLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Nippon Sheet Glass Co., Ltd.
    • Taiwan Glass Ind. Corp.
    • Borosil Glass Works Limited
    • Ja Solar Holdings Co. Ltd
    • Xinyi Solar Holdings Ltd.
    • Sisecam Flat Glass
    • Guangfeng Solar Glass
    • Interfloat Corporation
    • Flat Glass Co., Ltd.

     

Recent Developments

  • January 14, 2021: Trina Solar Co. Ltd., announced the launch of Trina Tracker Vanguard 600+ Series which aims to increase solar panel efficiency by 2%-8%.

  • Report ID: 3565
  • Published Date: Dec 26, 2024
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2025, the industry size of solar PV glass is evaluated at USD 32.34 billion.

Solar PV Glass Market size was valued at USD 25.98 billion in 2024 and is set to exceed USD 697.5 billion by 2037, expanding at over 28.8% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is set to account for largest revenue share by 2037, propelled by growing adoption of solar energy in the region, and presence of numerous sky-scrappers in developed parts of Japan, China, Singapore, India, Korea, and others.

The major players in the market are Borosil Glass Works Limited, Ja Solar Holdings Co. Ltd, Xinyi Solar Holdings Ltd., Sisecam Flat Glass, Guangfeng Solar Glass, Interfloat Corporation, Flat Glass Co., Ltd., and others.

Solar PV Glass Market Report Scope

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