Solar PV Glass Market Latest Trends, Development, Growth Analysis And Forecast by 2024

How will growing environmental awareness shape the global solar PV glass market size?

Rising awareness regarding climate change as well as growing implementation of stringent emission norms may foster solar PV glass market size in the coming years. According to reports, the UK government has declared a target to replace fossil fuel-fired power stations with clean energy systems by 2025. The initiative would substantially back its national objective to attain a long-term emission reduction target of 80% by 2050.

In addition to this, several private and public financial organizations like Asian Development Bank (ADB) and World Bank have poured huge capitals to explore the potential of photovoltaic applications in developing countries.

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Citing an instance, in 2017, the European Investment Bank (EIB) offered the State Bank of India (SBI) with long-term financial support of more than USD 230 million to effectively implement the national solar mission in India.

How does the solar PV glass market outlook look like in Europe?

According to credible reports, the solar PV glass market of Netherland generated more than USD 18 million in 2016. This development could mainly be credited to rising government initiatives to install solar panels on residential rooftops. In that same year the government of France also introduced a feed-in-tariff premium for several BIPV (building-integrated photovoltaics) installations under which an aggregate value between USD 0.15 per kWh to USD 0.28 per kWh was rewarded based on the system’s operating capacity.

Stringent norms introduced by the government to minimize Green House Gas emissions could also play an important role in driving industry size. To cite an instance, in 2016, the government of Netherland extended its solar tax scheme to complement European Union’s climate action plan. Additionally, financial and technical supports such as rebates, asset leveraging and subsidies offered by regulatory bodies would accelerate demand in Europe solar PV glass market.

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What are the progressive trends in annealed solar PV glass market?

High competitiveness amidst the pricing of annealed glass coupled with the ease of manufacturing is primarily driving the annealed glass industry growth. Technological advancements has also bolstered product penetration.

For instance, in 2016, the University of Utah made headlines by revealing a new method for laser annealing in thin-film photovoltaic systems intending to reduce overall costs of manufacturing. In addition to this, factors associated with the product like easy cutting, flexibility concerning heat strengthening and the ability to easily be polished & machined could expand annealed solar PV glass size.

How would crystalline silicon module-based solar PV glass market grow?

According to a report published by Global Market Insights, crystalline silicon module in solar PV glass industry is expected to grow by over 5 million metric tons by 2024. High operational efficiencies and rising R&D investments are the key aspects for segment growth. Evolving technology has also changed the landscape for crystalline silicon module. Reportedly, Korean universities such as Sungkyunkwan University and Korea Advanced Institute of Science and Technology have made some groundbreaking innovation in this segment. For instance, in 2017, both these universities had joined forces to develop a semi-transparent solar cell that would be integrated into solar windows for architectural and automobile applications.