Solar photovoltaic glass is a technology that enables the conversion of light into electricity by incorporating transparent solar cells. In solar photovoltaic glass, solar cells are inserted between two sheets of glass panes and are used for photovoltaic applications in different forms. Solar photovoltaic glass is either of crystalline silicon or thin film form. In crystalline silicon solar cells, glass panes are ultra-clear figured glass, while the glass used for thin film solar cells is super clear float glass. Solar photovoltaic glass is designed to replace the traditionally used building materials in parts such as windows, rooftops, and fronts. This helps in creation of renewable energy through creative architectural design.
Solar photovoltaic glass offers numerous benefits. It can be installed as part of a house. Furthermore, high temperature does not affect its performance. Solar photovoltaic glass also provides better insulation than standard glass. It is designed to reduce heat gain. The solar photovoltaic glass market is expected to expand significantly in the near future owing to the increase in the usage of renewable energy sources and implementation of stringent government regulations and policies concerning the adoption of clean energy. Governments of various countries are taking initiatives to encourage the adoption of viable energy for building materials this is anticipated to positively influence the solar photovoltaic glass market during the forecast period. Furthermore, energy generated by solar photovoltaic glass reduces greenhouse gas and carbon emissions and ensures energy cost savings. Increase in demand for power and lower costs associated with solar photovoltaic glass installations as compared to the conventional energy sources are estimated to offer lucrative opportunities for the solar photovoltaic glass market during the forecast period. Furthermore, increase in awareness about the benefits of renewable sources of energy and the growing need to limit carbon emission levels are projected to boost the market for solar photovoltaic glass during the forecast period.
High installation costs, increase in prices of raw materials, and need to purchase power conversion devices are factors hampering the solar photovoltaic glass market. Changing environmental conditions is another key restraint of the solar photovoltaic glass market. High technological costs in emerging regions is also likely to act as a barrier to market growth.
The solar photovoltaic glass market can be segmented based on technology module, type, and application. In terms of technology module, the solar photovoltaic glass market can be divided into crystalline silicon modules, amorphous silicon modules, thin film modules, and multi-junction modules. Based on type, the solar photovoltaic glass market can be classified into anti-reflective (AR) coated, tempered, transparent conductive oxide (TCO) coated, and others. In terms of application, the solar photovoltaic glass market can be segregated into residential, non-residential, and utility segments.
Geographically, the solar photovoltaic glass market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific led the global solar photovoltaic glass market in 2016. It is anticipated to be the dominant region during the forecast period, owing to high demand for solar photovoltaic glass in countries such as China, India, Japan, and South Korea. Favorable regulations in North America and Europe are also projected to create opportunities for the solar photovoltaic glass market in the region. Increase in investments to explore the potential of the solar photovoltaic glass in Middle East & Africa and Latin America is likely to propel the solar photovoltaic glass market in these regions.
Key players operating in the solar photovoltaic glass market include AGC Solar, Henan Huamei Cinda Industrial Co., Ltd., Borosil Glass Works Ltd., Hecker Glastechnik GmbH & Co. KG, Saint-Gobain Solar, Guangdong Golden Glass Technologies, Euroglas, Nippon Sheet Glass Co., Ltd., Sisecam Flat Glass, Taiwan Glass Ind. Corp., Xinyi Solar Holdings Ltd., and Emmvee Toughened Glass Private Limited.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.