太陽光発電用ガラスのインド市場の評価：製品タイプ別、用途別、地域別、機会、予測（2018年度～2032年度）

インドの太陽光発電用ガラスの市場規模は、2024年度の3億5,180万米ドルから2032年度に6億6,650万米ドルに達すると予測され、2025年度～2032年度の予測期間にCAGRで8.32%の成長が見込まれます。市場は近年大幅な成長を示しており、今後も力強い拡大ペースを維持すると予測されます。

インドにおける太陽光発電用ガラスの需要の増加には、太陽光発電能力の急速な拡大、技術の進歩、国内の発電能力を高めるための政府の支援政策、国内製造を促進する保護対策など、複数の要因が寄与しています。加えて、太陽光発電技術のメーカーは、厳しい気候の中で太陽光発電システムの効率と性能を向上させる高品質なガラスを求めており、今後数年間における太陽光発電用ガラス市場のさらなる成長機会を生み出します。

同国は太陽光発電能力の増加を目指して大規模な太陽光発電所への投資を行っており、このことが今後数年間の太陽光発電用ガラス市場の需要を促進しています。例えば、2024年11月のCentral Electricity Authorityの報告によると、インドの再生可能エネルギーの総設備容量は、2023年10月の178.98GWから、2024年10月には203.18GWに達し、24.2GW（13.5%）急増しました。この成長は同国が太陽光発電能力に投資していることを明示しており、市場における太陽光発電用ガラスの需要を促進しています。

当レポートでは、インドの太陽光発電用ガラス市場について調査分析し、市場規模と予測、市場力学、主要企業の情勢などを提供しています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

• 回答者の人口統計
• 購入決定において考慮される要素
  • 機能とその他の付加価値サービス
  • ソリューションの効率
  • アフターサポート

第5章 インドの太陽光発電用ガラス市場の見通し（2018年度～2032年度）

• 市場規模の分析と予測
  • 金額
  • 数量
• 市場シェアの分析と予測
  • 製品タイプ別
  • 用途別
  • 地域別
  • 市場シェア分析（上位5社とその他、金額）（2024年度）
• 市場マップ分析（2024年度）
  • 製品タイプ別
  • 用途別
  • 地域別

第6章 ポーターのファイブフォース分析

第7章 PESTLE分析

第8章 市場力学

• 市場促進要因
• 市場の課題

第9章 市場の動向と発展

第10章 競合情勢

• マーケットリーダー上位5社の競合マトリクス
• 上位5社のSWOT分析
• 主要企業上位10社の情勢
  • Borosil Renewables Limited
  • Vishakha Renewables Pvt. Ltd.
  • Triveni Renewables Pvt. Ltd.
  • Gold Plus Glass Industry Limited
  • Targray India Pvt. Ltd.
  • Birkan Engineering Industries Pvt. Ltd

第11章 戦略的提言

第12章 調査会社について・免責事項

List of Tables

• Table 1. Competition Matrix of Top 5 Market Leaders
• Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Solar Photovoltaic Glass Market, By Value, In USD Million, FY2018-FY2032F
• Figure 2. India Solar Photovoltaic Glass Market Share (%), By Product Type, FY2018-FY2032F
• Figure 3. India Solar Photovoltaic Glass Market Share (%), By Application, FY2018-FY2032F
• Figure 4. India Solar Photovoltaic Glass Market Share (%), By Region, FY2018-FY2032F
• Figure 5. By Product Type Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 6. By Application Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 7. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2024

India solar photovoltaic glass market is projected to witness a CAGR of 8.32% during the forecast period FY2025- FY2032F, growing from USD 351.80 million in FY2024 to USD 666.50 million in FY2032. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years.

Multiple factors contribute to the rise in demand for solar photovoltaic glass in India such as rapid expansion of solar capacity, technological advancements, supportive government policies to boost domestic production capabilities, and protective measures to promote domestic manufacturing in the country. In addition, manufacturers of solar technologies are looking for high-quality glasses that improve the efficiency and performance of the solar system in harsh climates and create additional opportunities for the solar photovoltaic glass market growth in the coming years.

The country is looking to increase the solar generation capacity and investing in the large solar farm which is driving the demand for solar photovoltaic glass market in the coming years. For instance, as per the report from Central Electricity Authority from November 2024, India's total renewable energy installed capacity surged by 24.2 GW (13.5%) reaching 203.18 GW in October 2024, up from 178.98 GW in October 2023. This development highlights that the country is investing in the solar generation capacity which drives the demand for solar photovoltaic glass in the market.

Rapid Growth in Solar Power Capacity Accelerate Market Growth

The country is looking to boost solar power production while maintaining environmental sustainability. The rapid expansion of solar farms will increase the demand for high-quality solar modules to generate renewable energy, thereby driving demand for solar photovoltaic glass in the country.

India is highly focused on reducing carbon emissions by integrating large solar farms into the power supply. The country is heavily investing in developing large solar power capacity plants to reduce dependence on other energy sources. Solar technology products are being deployed in rooftop solar projects, urban and rural solar parks, and floating solar projects, which will drive the solar photovoltaic glass market share in the coming years. Additionally, the residential and commercial sectors are investing to expand solar capacity, further driving demand for solar photovoltaic glass in the market.

For instance, the Government launched the National Solar Mission (NSM) or Jawaharlal Nehru National Solar Mission (JNNSM), a key initiative by the Indian government with state involvement, which aims to foster environmentally sustainable growth and tackle India's energy security concerns. The mission seeks to position India as a global leader in solar energy by establishing policies that promote the rapid adoption of solar technology throughout the nation. This development will increase the revenue for India's solar photovoltaic glass market in the coming years.

As of January 2025, cumulative solar energy generation stood at 100.33 GW out of which Ground Mounted Solar Plant stood at 76.95 GW, Grid Connected Solar Rooftop at 16.28 GW, Hybrid Projects (Solar Component) at 2.85 GW and Off-Grid Solar with 4.25 GW.

Adoption of Advanced Solar Technology Solutions in the Country

With a growing emphasis on sustainability, the country is adopting advanced solar technologies which are used to reduce carbon footprints and reliance on fossil fuels. The ongoing innovations in solar PV glass technology are enhancing its adoption in various applications. Solar PV glass plays a crucial role in the development of solar technology which helps in the efficient transition to clean energy.

Rapidly increasing energy needs necessitate the deployment of advanced solar technologies such as bifacial solar panels, building integrated photovoltaics (BIVP), and others. The advanced solar technologies are efficient in harnessing sunlight which increases the demand for high-quality solar photovoltaic glass in the market. Solar PV glass is versatile and appealing for various applications which contributes to increasing its market demand.

BIPV technology solutions allow for the seamless integration of solar technology into building materials. The integration transforms traditional building elements into energy-generating surfaces which makes solar photovoltaic glass an essential component in modern architecture. Builders and architects are adopting the BIVP technology in construction which drives the demand for specialized solar glass designed for the application.

In January 2025, Borosil Renewables Limited announced to expand its production capacity 1,000 tons to 1,500 tons per day. This expansion is a response to the government's establishment of a "Reference Price" for imports, which tackles the issue of dumping cheap solar glasses in the country. The initiative seeks to strengthen domestic production, secure a stable supply chain for local PV module manufacturers, and reduce foreign exchange outflows.

Favorable Government Policies and Initiatives Driving Market Opportunity

The government and higher authorities came up with innovative policies for the upliftment of the solar energy market in the country. The schemes include facilitating access to loans, lowering initial costs, providing economic incentives, and promoting market awareness, which drives the demand for solar system installation and further creates opportunities for the solar photovoltaic glass market.

Moreover, the Indian government has commenced and implemented various policies such as "Make in India" and "Atmanirbhar Bharat" to uplift the production of solar components which drives investment in the solar photovoltaic glass market. Major players like Vishakha Renewables and Borosil Renewables Limited are investing in expanding the production capabilities of solar photovoltaic glass as the domestic supply is expected to grow significantly. Moreover, in 2021, Vishakha Renewable collaborated with Asahi India Glass Limited for the establishment of a large-scale manufacturing facility that enhanced local production.

Furthermore, the Indian government has imposed anti-dumping duties on solar photovoltaic glass which is imported from China and Vietnam to protect domestic manufacturers from unfair pricing practices. The measure aims to level the playing field for local producers and is expected to further boost domestic production capacity in the forecast period.

For instance, in March 2023, the Government of India launched the Production Linked Incentive (PLI) scheme to support the domestic manufacturing of high-efficiency solar modules and components and encourage manufacturers to invest in both domestic and international markets. This development will help the solar manufacturer to produce highly efficient solar panels and components in the country.

Anti-Reflective Coated Glass to Dominate the India Market

Anti-reflective coated glass experienced a high adoption rate in the forecast period which made the segment dominate the Indian market. Anti-reflective (AR) coated glass comes with several advantages that significantly enhance the efficiency and performance of solar panels and BIPV technology. Anti-reflective solar photovoltaic glasses are specifically designed to minimize the reflection of sunlight. The anti-reflective coated glass boosts the absorption of light by the panels which allows for greater energy conversion.

The rise in the deployment of solar panels significantly drives the demand for anti-reflective coated glass. Consumers prefer the enhanced energy efficiency product for the renewable energy generation which fosters the anti-reflective coated glass market size.

Anti-reflective coated glass improves the performance of solar panels and contributes to energy savings in buildings by allowing more natural light while reducing glare. The benefits associated with anti-reflective coated glass encourage consumers and businesses to invest in advanced glass solutions.

West and Central Region Leads the Solar Photovoltaic Glass Market Share in India

The west and central regions dominate the solar photovoltaic glass market in India and are expected to continue their dominance during the forecast period. The regions include states like Gujarat, Maharashtra, and Madhya Pradesh which receive high solar irradiance making the region ideal for solar energy generation. Moreover, the state governments offer various incentives such as subsidies, tax benefits, and net metering policies which make solar installations more financially attractive in the region. Manufacturers are investing in the production of solar photovoltaic glass for different applications which leads the region to dominate

Furthermore, the region has rapid urbanization which has led to increased demand for solar power generation technologies. States like Gujarat and Maharashtra are looking to establish large-scale solar parks which attract significant investments from both domestic and international players. Large-scale solar parks require substantial amounts of solar PV panels. The establishment of large solar farms boosts local economies and drives up the demand for related materials, including solar glass in the market.

Future Market Scenario (FY2025 - FY2032F)

The rise in the adoption of enhanced renewable energy technologies is another significant trend that drives the demand for the solar photovoltaic glass market.

The government taking the initiative and implementing policies to boost local manufacturing of solar components, including PV glass which boosts the solar photovoltaic market size in the forecast period.

Advancements in solar glass technology are expected to enhance efficiency and performance which will drive the adoption rate of solar technologies in different sectors.

The trend towards Building-Integrated Photovoltaics (BIPV) and bifacial panels is gaining momentum which drive the solar photovoltaic glass market in the forecast period.

Key Players Landscape and Outlook

Continuous innovation characterizes the landscape of solar photovoltaic glass globally, as the companies compete in terms of energy efficiency, product life, and unique features. The market outlook remains positive, owing to increased demand for renewable energy and increasing investment in solar panels. Solar photovoltaic glass players are concerned with supply chain resilience, energy efficiency, and environmental practices, which will define the industry's future. Product launches, agreements, business expansions, collaborations, and developing technologies are projected to increase competition in the fast-paced market.

For instance, in January 2025, Gold Plus Glass Industry Limited announced the expansion of its phase wise glass manufacturing facility in Karnataka which includes float glass with a capacity of 584,000 metric tons per year and was commissioned in June 2024 and has entered in solar glass manufacturing with an annual capacity of 109,500 metric tons per year. This development will help to fulfil the increasing demand for solar PV glass to produce solar panels which will help the company increase its business and market reach.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Respondent Demographics
• 4.2. Factors Considered in Purchase Decisions
  • 4.2.1. Features and Other Value-Added Service
  • 4.2.2. Efficiency of Solutions
  • 4.2.3. After-Sales Support

5. India Solar Photovoltaic Glass Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Product Type
    • 5.2.1.1. Anti-Reflective Coated Glass
    • 5.2.1.2. Tampered Glass
    • 5.2.1.3. Transparent Glass
    • 5.2.1.4. Others
  • 5.2.2. By Application
    • 5.2.2.1. Photovoltaic (PV) Panels
      • 5.2.2.1.1. Monocrystalline Panels
      • 5.2.2.1.2. Polycrystalline Panels
      • 5.2.2.1.3. Thin-Film Panels
    • 5.2.2.2. Concentrated Photovoltaics (CPV)
    • 5.2.2.3. Building Integrated PV Panels (BIPV)
  • 5.2.3. By Region
    • 5.2.3.1. North
    • 5.2.3.2. South
    • 5.2.3.3. East
    • 5.2.3.4. West and Central
  • 5.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Product Type
  • 5.3.2. By Application
  • 5.3.3. By Region

All segments will be provided for all regions covered

6. Porter's Five Forces Analysis

7. PESTLE Analysis

8. Market Dynamics

• 8.1. Market Drivers
• 8.2. Market Challenges

9. Market Trends and Developments

10. Competitive Landscape

• 10.1. Competition Matrix of Top 5 Market Leaders
• 10.2. SWOT Analysis for Top 5 Players
• 10.3. Key Players Landscape for Top 10 Market Players
  • 10.3.1. Borosil Renewables Limited
    • 10.3.1.1. Company Details
    • 10.3.1.2. Key Management Personnel
    • 10.3.1.3. Products and Services
    • 10.3.1.4. Financials (As Reported)
    • 10.3.1.5. Key Market Focus and Geographical Presence
    • 10.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 10.3.2. Vishakha Renewables Pvt. Ltd.
  • 10.3.3. Triveni Renewables Pvt. Ltd.
  • 10.3.4. Gold Plus Glass Industry Limited
  • 10.3.5. Targray India Pvt. Ltd.
  • 10.3.6. Birkan Engineering Industries Pvt. Ltd

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

11. Strategic Recommendations

12. About Us and Disclaimer