MarketResearch.biz delivers in-depth insights on the global solar PV glass market in its upcoming report titled, “Global Solar PV Glass Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global solar PV glass market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global solar PV glass market is segmented on the basis of type, application, and region.
Solar power systems are used for converting light into energy. These systems consist of several components such as solar panels, solar cells, photovoltaic glass, and others. The photovoltaic glass is usually tempered and translucent, which allows light through it to convert into energy.
Depletion of non-renewable resources such as coal and water to generate electricity, is not considered sustainable for the environment. Rising demand for clean energy across the globe is a major factor driving growth of the global solar PV glass market. In addition, rising government initiatives, and establishment subsidiaries by major power companies for installation of solar powered plants or energy generation units is boosting demand for solar PV glass in the global market. Increasing adoption of solar PV glass for several applications in utility, residential, and non-residential sectors is further propelling growth of the global market. Moreover, increasing fossil fuel prices, and its quick depletion are other factors expected to boost demand for renewable source of energy in the global market.
Major factors hampering growth of the global solar PV glass market is high initial and installation costs of solar power plants, and devices. In addition, operational efficiency of PV modules is relatively low, which is another factor restraining growth of the target market. Building integrated photovoltaics (BIPV) is the trend observed in the global market, which is expected to create potential business opportunities for players in the market.
The market in Asia Pacific is expected to account for largest revenue share by 2026 in the global solar PV glass market. This growth can be attributed to presence of major PV glass manufacturers in countries such as China, Japan, coupled with increasing allocation of government subsidies for deployment of solar energy plants in countries in this region. The market in North America is expected to witness highest growth in target market during the forecast period, owing to increasing government investments in solar energy plants. The market in Europe is expected to witness considerable growth during next 10 years, owing to its government-backed national plan to establish nearly Zero-Energy Buildings (nZEBs) by 2020.
Yingli Green Energy Holding Company Ltd.
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