Solar Glass Market Definition
Solar Glass is used in photovoltaic modules as layer of protection against the elements. In thin-film technology, glass also serves as the substrate upon which the photovoltaic material and other chemicals (such as TCO) are deposited. Solar glass is also the basis for mirrors used to concentrate sunlight, although new technologies avoiding glass are emerging.
The market study is broken down by Type (Anti-Reflective (AR) Coated, Tempered, Transparent Conductive Oxide (TCO) Coated and Others), by Application (Utility, Residential and Non-Residential) and major geographies with country level splits. According to AMA, the Global Solar Glass market is expected to see growth rate of 4.77% and may see market size of USD204.67 Million by 2024.
In Solar Glass Market, it has been observed that most of the companies are upgrading or introducing innovative products as well as are heavily investing in Research and Development (R&D) activities in order to gain a position in the global solar glass market. These companies rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Research Analyst at AMA estimates that China Manufacturers will contribute to the maximum growth of Global Solar Glass market throughout the predicted period.
Changzhou Almaden Co., Ltd. (China), Guardian Industries (United States), Asahi India Glass Limited (India), Dongguan CSG Solar Glass Co., Ltd. (China), Şişecam Group (Turkey), Euroglas GmbH (Germany), Xinyi Solar Hldgs (China), Glasstech, Inc. (China), Vitro Architectural Glass (United States), AVIC Sanxin Solar Glass Co., Ltd (China), Changzhou Huamei Photoelectric New Material Co., Ltd (China), Jiangsu Xiuqiang Glasswork Co., Ltd.(China) and Henan Yuhua Solar Glass Co., Ltd. (China) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Solar Glass market by Type, Application and Region. On the basis of Type, Anti-Reflective (AR) Coated are dominating the market and held 41.94% of market share in the year 2018 where as Tempered Type stood as second largest market share and accounted for 35.61%.
On the basis of application, Utility segment is dominating the market and held 39.73% of market share in the year 2018 where as Non-Residential segment stood as second largest market.
On the basis of geography, the market of Solar Glass has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2018. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Solar Glass Type, the sub-segment i.e. Crystalline Cells will boost the Solar Glass market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct Channel will boost the Solar Glass market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2017, Asahi India Glass Ltd. launches a leading glass solution powered by Microsoft Azure. The company introduced AIS World of Glass- an app that lets users channel their imagination and visualize glass customizations for their home and office. The app was developed with the help of FutureSoft, a gold-certified partner of Microsoft.
- Rising R&D Activities and Green Building Trends
- Supportive Policies and Initiatives of Various Governments Across the Globe
- Increasing Demand for Solar Systems in Residential Applications
- Rapid Industrialization And Urbanization in Emerging Nations
- Shifting Focus Towards Renewable Energy Sources Owing to the Increasing Environment Concerns
- Decreasing Costs of Solar Systems and Energy Storage Devices
- Increasing Prices of Fossil Fuels
- High Costs Involved in the Installation, Storage, and Purchase of Power Conversion Devices
- Stringent Implementation of Various Regulations for Carbon Dioxide Emissions
- Less Availability of High-Quality Solar Glass
Analyst ViewThe solar glass business is very profitable, boosted by growth in the solar market. As traditional companies do not offer a business model that is suitable to photovoltaic companies, the new entrants to this competitive market, solely dedicated to solar glass and mirrors. This is expected to drive the global solar glass market.
Key Target AudienceSolar Glass Manufacturers, Solar Glass Traders, Suppliers, and Distributors, Government and Research Organizations, Associations and Industrial Bodies, Raw Material Suppliers and Distributors and Industry Associations
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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