Solar Photovoltaic Glass Market Report 2024 (Global Edition)

Global Solar Photovoltaic Glass Market Report 2024 Market Size Split by Type (AR Coated, Tempered, TCO-Coated), by Application (Residential, Non-residential, Utility), by Installation (Float Glass, Pa...

Solar Photovoltaic Glass Market Report Description

We have various report editions of Solar Photovoltaic Glass Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Solar Photovoltaic Glass Market Insights Video

Competitive Landscape of the Solar Photovoltaic Glass Market

The competitive landscape of the solar photovoltaic glass market is characterized by a wide spectrum of participants competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized solar photovoltaic glass companies, and emerging start-ups aiming to disrupt the market with creative techniques.

In August 2022, Nippon Sheet Glass Co. disclosed strategies to invest in the construction of a recent manufacturing plant in Malaysia. This strategic investment aims to expand the firm's production capabilities for TCO-covered solar PV glass. (Source: https://www.nsg.com/en/media/ir-updates/announcements-2022/new-production-line-in-malaysia)

Top Companies Market Share in Solar Photovoltaic Glass Industry: (In no particular order of Rank)

• Xinyi Solar Holdings Ltd. (China)
• IRICO Group New Energy Co.
• Ltd. (China)
• Flat Glass Group Co.
• Ltd (China)
• Qingdao Jinxin Glass Co.
• Ltd. (China)
• Dongguan CSG Solar Glass Co.
• Ltd. (China)
• AGC Inc. (Japan)
• Nippon Sheet Glass Co.
• Ltd. (Japan)
• Taiwan Glass Ind. Corp. (Taiwan)
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Solar Photovoltaic Glass Market

Which Region Dominates the Solar Photovoltaic Glass Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to the increasing adoption of renewable energy, government initiatives promoting solar power, and technological advancements in PV technology. Rising environmental awareness and the desire for energy independence also contribute, as businesses and consumers alike seek sustainable solutions to energy needs, further propelling the growth of PV glass installations across the region.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the solar photovoltaic glass market due to the region's growing urbanization and industrialization in the region amplify electricity needs, bolstering PV installations. Technological advancements and cost reductions in PV glass production further propel market growth, making solar energy an attractive alternative to conventional power sources in Asia Pacific.

The current report Scope analyzes Solar Photovoltaic Glass Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Solar Photovoltaic Glass Market

According to Cognitive Market Research, the global solar photovoltaic glass market size was estimated at USD 8124.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3249.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the solar photovoltaic glass market with a market size of USD 2564.00 million in 2024 and is projected to grow at a CAGR of 27.0% during the forecast period. The nation's changing consumer preferences.
• The Canadian solar photovoltaic glass market had a market share of USD 389.96 million in 2024 and is projected to grow at a CAGR of 28.0% during the forecast period. Canada's product development and process innovation.
• The Mexico solar photovoltaic glass market is projected to witness growth at a CAGR of 27.7% during the forecast period, with a market size of USD 295.72 million in 2024.

Europe Solar Photovoltaic Glass Market

According to Cognitive Market Research, the global solar photovoltaic glass market size was estimated at USD 8124.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2437.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.5% from 2024 to 2031.

• The United Kingdom's solar photovoltaic glass market had a market share of USD 409.46 million in 2024 and is projected to grow at a CAGR of 28.3% during the forecast period. In the UK, solar photovoltaic glass sales witness an upswing due to the nation's modernization in production techniques.
• The France solar photovoltaic glass market is projected to witness growth at a CAGR of 26.7% during the forecast period, with a market size of USD 224.23 million in 2024.
• According to Cognitive Market Research, the German solar photovoltaic glass market size was valued at USD 482.58 million in 2024 and is projected to grow at a CAGR of 27.7% during the forecast period. In Germany, solar photovoltaic glass sales surged due to government policies.
• The Italy solar photovoltaic glass market is projected to witness growth at a CAGR of 26.9% during the forecast period, with a market size of USD 209.60 million in 2024.
• The Russian solar photovoltaic glass market is projected to witness growth at a CAGR of 26.5% during the forecast period, with a market size of USD 377.78 million in 2024.
• The Spain solar photovoltaic glass market is projected to witness growth at a CAGR of 26.6% during the forecast period with a market size of USD 199.86 million in 2024
• The Luxembourg solar photovoltaic glass market is projected to witness growth at a CAGR of 27.6% during the forecast period, with a market size of USD 75.56 million in 2024.
• The Portugal solar photovoltaic glass market is projected to witness growth at a CAGR of 27.3% during the forecast period, with a market size of USD 51.18 million in 2024.
• The Greece solar photovoltaic glass market is projected to witness growth at a CAGR of 27.8% during the forecast period, with a market size of USD 29.25 million in 2024.
• Rest of Europe's solar photovoltaic glass market is projected to witness growth at a CAGR of 26.2% during the forecast period, with a market size of USD 377.78 million in 2024.

Asia Pacific Solar Photovoltaic Glass Market

According to Cognitive Market Research, the global solar photovoltaic glass market size was estimated at USD 8124.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1868.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 31.0% from 2024 to 2031.

• According to Cognitive Market Research, the China solar photovoltaic glass market size was valued at USD 840.85 million in 2024 and is projected to grow at a CAGR of 30.5% during the forecast period. Solar photovoltaic glass sales surged in China due to a shift in consumer behavior.
• The Japan solar photovoltaic glass market is projected to witness growth at a CAGR of 29.5% during the forecast period, with a market size of USD 257.86 million in 2024.
• The India solar photovoltaic glass market had a market share of USD 224.23 million in 2024 and is projected to grow at a CAGR of 32.8% during the forecast period. India's government initiatives augment the demand.
• The South Korean solar photovoltaic glass market is projected to witness growth at a CAGR of 30.1% during the forecast period, with a market size of USD 186.86 million in 2024.
• The Australian solar photovoltaic glass market is projected to witness growth at a CAGR of 30.7% during the forecast period, with a market size of USD 97.17 million in 2024.
• The South East Asia solar photovoltaic glass market is projected to witness growth at a CAGR of 32.0% during the forecast period, with a market size of USD 128.93 million in 2024.
• The Rest of the Asia Pacific solar photovoltaic glass market is projected to witness growth at a CAGR of 30.8% during the forecast period, with a market size of USD 132.67 million in 2024.

South America Solar Photovoltaic Glass Market

According to Cognitive Market Research, the global solar photovoltaic glass market size was estimated at USD 8124.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 406.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil solar photovoltaic glass market size was valued at USD 173.86 million in 2024 and is projected to grow at a CAGR of 29.0% during the forecast period. Solar photovoltaic glass sales flourish in Brazil due to the rising advancement in technology.
• Argentina's solar photovoltaic glass market had a market share of USD 68.24 million in 2024 and is projected to grow at a CAGR of 29.3% during the forecast period. The demand is augmented by Argentina's stringent environmental regulations.
• Colombia's solar photovoltaic glass market is projected to witness growth at a CAGR of 28.2% during the forecast period, with a market size of USD 36.15 million in 2024.
• Peru solar photovoltaic glass market is projected to witness growth at a CAGR of 28.6% during the forecast period, with a market size of USD 33.31 million in 2024.
• Chile solar photovoltaic glass market is projected to witness growth at a CAGR of 28.7% during the forecast period, with a market size of USD 29.25 million in 2024.
• The Rest of Latin America's solar photovoltaic glass market is projected to witness growth at a CAGR of 27.5% during the forecast period, with a market size of USD 65.40 million in 2024.

Middle East and Africa Solar Photovoltaic Glass Market

According to Cognitive Market Research, the global solar photovoltaic glass market size was estimated at USD 8124.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 162.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.7% from 2024 to 2031.

• The GCC Countries' solar photovoltaic glass market is projected to witness growth at a CAGR of 29.5% during the forecast period, with a market size of USD 69.54 million in 2024. Solar photovoltaic glass sales flourish due to the presence of major market players.
• Egypt solar photovoltaic glass market is projected to witness growth at a CAGR of 29.0% during the forecast period with a market size of USD 17.06 million in 2024.
• The South African solar photovoltaic glass market is projected to witness growth at a CAGR of 29.7% during the forecast period, with a market size of USD 25.67 million in 2024. Solar photovoltaic glass sales flourished in South Africa due to the rise in demand from emerging economies.
• The Turkey solar photovoltaic glass market is projected to witness growth at a CAGR of 28.2% during the forecast period, with a market size of USD 13.97 million in 2024.
• The Nigeria solar photovoltaic glass market is projected to witness growth at a CAGR of 27.8% during the forecast period, with a market size of USD 17.06 million in 2024.
• The Rest of MEA solar photovoltaic glass market is projected to witness growth at a CAGR of 27.7% during the forecast period with a market size of USD 19.17 million in 2024.

Solar Photovoltaic Glass Market Analysis

Solar Photovoltaic Glass Market Type Segment Analysis

According to Cognitive Market Research, AR coated are the dominating category due to the increasing demand for energy-efficient buildings and renewable energy sources. Anti-reflective coatings enhance solar panel efficiency by reducing light reflection, thereby improving energy generation. This trend is bolstered by global initiatives toward sustainable development and green energy adoption.

TCO-coated emerged as the fastest-growing category over the projected period due to the increasing demand for sustainable energy solutions. TCO coatings enhance light transmission and electrical conductivity in solar panels, improving energy efficiency. Growing environmental concerns and government incentives for renewable energy further propel market growth globally.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Solar Photovoltaic Glass Industry. Request a Free Sample PDF!

Application Segment Analysis

According to Cognitive Market Research, the dominating category is utility due to increasing demand for sustainable energy solutions and advancements in PV technology. PV glass serves dual purposes of generating electricity and acting as a building material, enhancing its appeal in construction. Government incentives and environmental policies further bolster market growth.

The fastest-growing category in the solar photovoltaic glass market is residential over the projected period due to increasing adoption of sustainable energy solutions, rising awareness about environmental impact, and advancements in building-integrated photovoltaics (BIPV) technology.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Solar Photovoltaic Glass Installation Segment Analysis

Installation Segment Analysis

According to Cognitive Market Research, the dominating category is patterned glass due to rising demand for sustainable energy solutions by integrating functionality with design, appealing to both residential and commercial sectors, thus boosting market adoption and innovation.

The fastest-growing category in the solar photovoltaic glass market is float glass over the projected period due to the increasing demand for sustainable energy solutions. Float glass's high optical quality and durability make it ideal for PV modules, enhancing solar efficiency and longevity. This synergy underscores float glass's pivotal role in expanding the solar PV sector globally.

• Float Glass
• Patterned Glass

Solar Photovoltaic Glass End User Segment Analysis

End-User Segment Analysis

According to Cognitive Market Research, the dominating category is thin-film modules due to their lightweight, flexibility, and cost-effectiveness compared to traditional silicon modules. This innovation appeals to industries seeking efficient energy solutions and architectural integration, boosting demand for solar PV glass globally.

The fastest-growing category in the solar photovoltaic glass market is perovskite module over the projected period. Perovskite modules offer high-efficiency potential and flexibility, while solar PV glass integrates generation with building materials, enhancing sustainability in construction. These innovations propel growth in the renewable energy sector.

• Crystalline Silicon Solar PV Module
• Thin Film Module
• Perovskite Module

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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