Product Code: 978-1-68038-865-7
Solar PV Glass Market Growth & Trends:
The global solar PV glass market size is anticipated to reach USD 47.16 billion by 2030 and is anticipated to expand at a CAGR of 29.5% during the forecast period, according to a new report by Grand View Research, Inc. Growing social and political agreement aimed at adopting clean energy sources is expected to drive the market in the coming years. Rapid modernization across the value chain, the sector is benefiting from technological innovation, expanded manufacturing capacities, and the introduction of new product launches that enhance efficiency and performance, which are also significantly contributing to the market growth. Solar energy stands out as one of the most plentiful and sustainable renewable resources, and its adoption is being accelerated by robust government policies and supportive regulations aimed at promoting clean energy generation. As solar technology advances, the time required for solar panels to offset their energy investment continues to shrink, reflecting improvements in efficiency and manufacturing processes.
The environmental advantages of solar power are substantial, as it produces no emissions during operation and its relative environmental cost is steadily declining compared to the clean energy it generates. The market is also witnessing a consistent drop in the prices of solar panels and related components, including PV glass, due to heightened competition, frequent product innovations, and large-scale production. While the upfront installation costs remain higher than those of conventional energy systems, solar PV systems offer low maintenance requirements and minimal ongoing expenses, making them increasingly attractive.
Solar PV Glass Market Report Highlights:
- The AR-coated segment accounted for the largest revenue share of 46.5% in 2024, driven by its ability to enhance light transmission and minimize reflection losses, resulting in higher energy conversion efficiency.
- The tempered glass type is expected to grow at the fastest CAGR of 30.0% over the forecast period. Its superior strength, durability, and safety features make it highly resistant to environmental stress, impact, and harsh weather.
- The crystalline solar PV module segment had the largest revenue share, 88.8%, in 2024, which was attributed to its proven reliability, high efficiency, and scalability for large-scale energy needs.
- The perovskite module segment is anticipated to witness the fastest CAGR of 31.4% over the forecast period, primarily due to its exceptional energy conversion efficiency, lower production costs, and flexible manufacturing processes.
- The utility segment held the largest revenue share in 2024. The residential segment is expected to register the fastest CAGR of 31.2% over the forecast period.
- Asia Pacific dominated the global solar PV glass market with the largest revenue share in 2024. This growth is attributed to rising demand for solar installations, government policies supporting renewable energy, and significant investments in infrastructure and industrialization.
- The North America solar PV glass market is expected to grow at a significant CAGR of 30.6% over the forecast period, owing to the robust governmental support for clean energy, ambitious decarbonization targets, and increasing adoption of solar power in residential and commercial sectors.
- In April 2024, Bluebird Solar unveiled its n-type TOPCon dual-glass bifacial PV module at RenewX 2024 in Hyderabad, featuring a 600 Wp power output and 23.25% efficiency.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Solar PV Glass Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Solar PV Glass Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Solar PV Glass Market: Type Movement Analysis & Market Share, 2024 & 2030
- 4.3. AR Coated
- 4.3.1. AR Coated Market Revenue Estimates and Forecasts, 2018 - 2030 (Million Square Meter) (USD Million)
- 4.4. Tempered
- 4.4.1. Tempered Market Revenue Estimates and Forecasts, 2018 - 2030 (Million Square Meter) (USD Million)
- 4.5. TCO-Coated
- 4.5.1. TCO-Coated Market Revenue Estimates and Forecasts, 2018 - 2030 (Million Square Meter) (USD Million)
Chapter 5. Solar PV Glass Market: Technology Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Solar PV Glass Market: Technology Movement Analysis & Market Share, 2024 & 2030
- 5.3. Crystalline Solar PV Module
- 5.3.1. Crystalline Solar PV Module Market Revenue Estimates and Forecasts, 2018 - 2030 (Million Square Meter) (USD Million)
- 5.4. Thin Film Module
- 5.4.1. Thin Film Module Market Revenue Estimates and Forecasts, 2018 - 2030 (Million Square Meter) (USD Million)
- 5.5. Perovskite Module
- 5.5.1. Perovskite Module Market Revenue Estimates and Forecasts, 2018 - 2030 (Million Square Meter) (USD Million)
Chapter 6. Solar PV Glass Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Solar PV Glass Market: Application Movement Analysis & Market Share, 2024 & 2030
- 6.3. Residential
- 6.3.1. Residential Market Revenue Estimates and Forecasts, 2018 - 2030 (Million Square Meter) (USD Million)
- 6.4. Non-Residential
- 6.4.1. Non-Residential Market Revenue Estimates and Forecasts, 2018 - 2030 (Million Square Meter) (USD Million)
- 6.5. Utility
- 6.5.1. Utility Market Revenue Estimates and Forecasts, 2018 - 2030 (Million Square Meter) (USD Million)
Chapter 7. Solar PV Glass Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2024 & 2030
- 7.2. North America
- 7.2.1. North America Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key Country Dynamics
- 7.2.2.2. U.S. Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key Country Dynamics
- 7.2.3.2. Canada Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Key Country Dynamics
- 7.2.4.2. Mexico Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.3. Europe
- 7.3.1. Europe Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.3.2. UK
- 7.3.2.1. Key Country Dynamics
- 7.3.2.2. UK Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Key Country Dynamics
- 7.3.3.2. Germany Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.3.4. France
- 7.3.4.1. Key Country Dynamics
- 7.3.4.2. France Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Key Country Dynamics
- 7.3.5.2. Italy Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Key Country Dynamics
- 7.3.6.2. Spain Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.3.7. Russia
- 7.3.7.1. Key Country Dynamics
- 7.3.7.2. Russia Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.4.2. China
- 7.4.2.1. Key Country Dynamics
- 7.4.2.2. China Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.4.3. India
- 7.4.3.1. Key Country Dynamics
- 7.4.3.2. India Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.4.4. Japan
- 7.4.4.1. Key Country Dynamics
- 7.4.4.2. Japan Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Key Country Dynamics
- 7.4.5.2. Australia Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key Country Dynamics
- 7.5.2.2. Brazil Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.5.3. Argentina
- 7.5.3.1. Key Country Dynamics
- 7.5.3.2. Argentina Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middles East & Africa Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. Key Country Dynamics
- 7.6.2.2. South Africa Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Key Country Dynamics
- 7.6.3.2. Saudi Arabia Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
- 7.6.4. UAE
- 7.6.4.1. Key Country Dynamics
- 7.6.4.2. UAE Solar PV Glass Market Estimates & Forecast, 2018 - 2030 (Million Square Meter) (USD Million)
Chapter 8. Solar PV Glass Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Heat Map/ Position Analysis, 2024
- 8.4. Strategy Mapping
- 8.4.1. Expansion
- 8.4.2. Mergers & Acquisition
- 8.4.3. Partnerships & Collaborations
- 8.4.4. New Product Launches
- 8.4.5. Research and Development
- 8.5. Company Profiles
- 8.5.1. First Solar
- 8.5.1.1. Participant's Overview
- 8.5.1.2. Financial Performance
- 8.5.1.3. Product Benchmarking
- 8.5.1.4. Recent Developments
- 8.5.2. Xinyi Solar Holdings Limited
- 8.5.2.1. Participant's Overview
- 8.5.2.2. Financial Performance
- 8.5.2.3. Product Benchmarking
- 8.5.2.4. Recent Developments
- 8.5.3. Nippon Sheet Glass Co., Ltd
- 8.5.3.1. Participant's Overview
- 8.5.3.2. Financial Performance
- 8.5.3.3. Product Benchmarking
- 8.5.3.4. Recent Developments
- 8.5.4. Yingli Solar
- 8.5.4.1. Participant's Overview
- 8.5.4.2. Financial Performance
- 8.5.4.3. Product Benchmarking
- 8.5.4.4. Recent Developments
- 8.5.5. SunPower Corporation
- 8.5.5.1. Participant's Overview
- 8.5.5.2. Financial Performance
- 8.5.5.3. Product Benchmarking
- 8.5.5.4. Recent Developments
- 8.5.6. RENESOLA
- 8.5.6.1. Participant's Overview
- 8.5.6.2. Financial Performance
- 8.5.6.3. Product Benchmarking
- 8.5.6.4. Recent Developments
- 8.5.7. Hanwha Group
- 8.5.7.1. Participant's Overview
- 8.5.7.2. Financial Performance
- 8.5.7.3. Product Benchmarking
- 8.5.7.4. Recent Developments
- 8.5.8. Saint-Gobain S.A
- 8.5.8.1. Participant's Overview
- 8.5.8.2. Financial Performance
- 8.5.8.3. Product Benchmarking
- 8.5.8.4. Recent Developments
- 8.5.9. Guardian Industries
- 8.5.9.1. Participant's Overview
- 8.5.9.2. Financial Performance
- 8.5.9.3. Product Benchmarking
- 8.5.9.4. Recent Developments
- 8.5.10. Borosil Glass Works Limited
- 8.5.10.1. Participant's Overview
- 8.5.10.2. Financial Performance
- 8.5.10.3. Product Benchmarking
- 8.5.10.4. Recent Developments