Global Solar Photovoltaic Glass Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Solar Photovoltaic Glass Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Solar Photovoltaic glass is a glass that utilizes solar cells to convert solar energy into electricity. It is installed within roofs or facade areas of buildings to produce power for an entire building. In these glasses, solar cells are fixed between two glass panes, which have special filling of resin. These resins securely wrap solar cells from all sides. Each cell is connected with two electrical connections and is attached to other cells to form a module. Photovoltaic glass is a technology that can convert light into electricity. Buildings that use a lot of photovoltaic glass can generate some of their own electricity through windows. The generated photovoltaic power is considered green or clean power because its source is renewable and does not cause pollution.

Market Overview:

The latest research study on the global Solar Photovoltaic Glass market finds that the global Solar Photovoltaic Glass market reached a value of USD 7508.25 million in 2022. It’s expected that the market will achieve USD 18046.31 million by 2028, exhibiting a CAGR of 15.74% during the forecast period.

Market Drivers and Impact

In recent years, the manufacturing of global Solar’s battery modules and related supporting products has been transferred to China at an accelerated pace due to the increasingly complete supporting facilities of China's photovoltaic industry, labor costs and advantages in the field of testing and packaging. Up to now, China has become the world's largest producer of crystalline silicon solar cells and the world's largest market. Chinese solar cell enterprises are playing an increasingly important role in global solar industry. The increase of China's solar cell production will inevitably increase the demand for domestic photovoltaic glass, and then drive the vigorous development of the whole photovoltaic glass industry.

Market Challenges and Impact

Energy price has a great influence on the cost of photovoltaic glass, and the increase of energy price will increase the cost of photovoltaic glass. From the cost structure of photovoltaic glass production, fuel power cost is one of the main cost sources of photovoltaic glass manufacturing. And the price of oil and natural gas continues to rise, which drives the cost of photovoltaic glass to rise continuously. The rising cost of photovoltaic glass brings great pressure to photovoltaic glass manufacturers. Large-scale enterprises dilute the cost through scale effect to reduce the marginal cost. Small and medium-sized enterprises, on the other hand, are faced with the current situation of rising costs and continuously compressed profit margins.

Market Trends

Under the situation of global warming, shortage of conventional energy and environmental pollution, photovoltaic power generation technology is generally valued and supported by governments of various countries. With the rapid expansion of the scale of development and utilization, continuous technological progress and significant cost reduction in global solar, it shows a good development prospect. Many countries regard solar energy as an important emerging industry. Solar photovoltaic glass industry is an important part of photovoltaic industry. The development of photovoltaic industry promotes the growth of solar photovoltaic glass market.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview

Xinyi Solar Holdings Ltd. is one of the major players operating in the Solar Photovoltaic Glass market, holding a share of 33.13% in 2022.

Xinyi Solar Holdings Ltd. is the world's leading manufacturer of solar photovoltaic glass. The company specializes in the research and development, manufacturing, sales and after sales service of solar photovoltaic glass, providing solar photovoltaic glass products to major domestic and foreign solar module manufacturers in the world. The main products include solar photovoltaic glass back glass, etc.

Segmentation Overview:

Among different product types, Anti-Reflective (AR) Coated segment is anticipated to contribute the largest market share in 2027.

Anti-reflective Coated Glass

The anti-reflective coating on the solar panel glass will increase the light transmittance, thereby increasing the overall efficiency of the photovoltaic module. Reduce the reflectivity of the glass surface to increase the transmittance of the panel, which can reduce the glare of the glass.

Tempered Glass

The strength of tempered glass is four times that of standard flat glass. Tempered solar photovoltaic glass has higher strength and effective safety characteristics, with high mechanical strength and better resistance to thermal stresses.

TCO Glass

Transparent Conductive Oxide (TCO) Coated glass is a layer of transparent conductive oxide film that is uniformly coated on the surface of flat glass by physical or chemical coating. It mainly includes indium (In), tin (Sn), zinc (Zn) and cadmium (Cd) Oxide and its composite multi-element oxide film. Since the intermediate semiconductor layer of thin-film solar cells has almost no lateral conductivity, it is necessary to use TCO glass to collect the current of the battery, and because of the high light transmittance and anti-reflection of TCO glass Performance, can let most of the sunlight into the absorption layer.

Application Overview:

By application, the Residential segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Solar Photovoltaic Glass market covered in Chapter 3:

IRICO New Energy
JINXIN GROUP
Flat Glass Co., Ltd.
Shenzhen Topray Solar Co., Ltd.
Xinyi Solar Holdings Ltd.
CNBM
CSG Holding

In Chapter 4 and Chapter 14.2, on the basis of types, the Solar Photovoltaic Glass market from 2018 to 2029 is primarily split into:

Anti-reflective Coated Glass
Tempered Glass
Transparent Conductive Oxide (TCO) Coated
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Solar Photovoltaic Glass market from 2018 to 2029 covers:

Utility
Residential
Non-Residential

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)