In August 2019, The Ministry of New and Renewable Energy (MNRE) has issued a blueprint for the utilization, manufacture, disposal, and import of solar photovoltaic (PV) module and glass containing Antimony. Antimony is a chemical element that has been found to have hazardous effects on the environment. According to the MNRE, the management of PV modules needs to follow the cradle-to-grave life cycle assessment in four stages: component production, module manufacturing, module use, and end-of-life- use stage. The disposal should be done in an environmentally safe manner, and glass needs to be recycled following the principles of resource recovery, resource efficiency, and circular economy.
The article cited AMA's "Global Solar Photovoltaic Glass Market Study" explored substantial growth in Asia Pacific and CAGR of 31.14%. According to the report, Rising R&D Activities and Green Building Trends is one of the primary growth factors for the market. Supportive Policies and Initiatives of Various Governments Across the Globe
is also expected to contribute significantly to the Solar Photovoltaic Glass market. Overall, Utility
applications of Solar Photovoltaic Glass, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End User, such as Crystalline Silicon PV Modules, is boosting the Solar Photovoltaic Glass market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Solar Photovoltaic Glass market identified that the demand is rising in many different parts of the world as "Shifting Focus Towards Renewable Energy Sources Owing to the Increasing Environment Concerns
". Furthermore, some recent industry insights like "In May 2019, Nippon Sheet Glass, Co. Ltd. (NSG Group) entered into a joint development agreement between its subsidiary and Ubiquitous Energy, a leader in transparent solar technology. This agreement targets the development, manufacture, and integration of Ubiquitous Energy’s ClearView Power™ technology into architectural window glass that has the potential to produce solar electricity for buildings., and In June 2018, Solar glass manufacturer Gujarat Borosil planned to invest around INR 435 crore to more than double its manufacturing capacity of tempered solar glass facility by fiscal 2020." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Solar Photovoltaic Glass market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Solar Photovoltaic Glass market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Solar Photovoltaic Glass market size is calculated using market estimation process, the Solar Photovoltaic Glass market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Solar Photovoltaic Glass market size has been validated using both top-down and bottom-up approaches.