Solar PV Glass Market to cross $3bn by 2024

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Solar PV Glass Market to cross 3bn by 2024
Fractovia.org
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Key Insights of Solar PV Glass Market

• Solar PV Glass Market set to exceed USD 3 billion
  by 2024, driven by growing demand for clean fuel
  energy.
• The globe is treading toward the path of
  sustainable energy pertaining to the depletion of
  fossil fuel sources, which will stimulate solar
  PV glass market. Of late, the pollution levels
  across the globe are on a rapid incline, owing to
  surging usage of fossil fuels that release
  hazardous gases after the combustion process. The
  governments of various nations have been
  implementing stringent norms to reduce the usage
  of fossil fuels and control the pollution levels,
  which will favorably influence solar PV glass
  industry size.
• Most of the countries have been investing heavily
  in technological developments for harnessing
  solar energy to develop solar powered panels and
  other appliances. China is one of the leading
  countries that has taken an initiative toward
  manufacturing cost-effective and efficient solar
  panels. As per statistics, China solar PV glass
  market covered more than 50 of the regional
  share in 2016 and will collect notable revenue
  over the years ahead. China holds the top
  position in the export, consumption, and
  production of photovoltaic system. In addition,
  the Chinese government has decided to implement
  photovoltaic technology over the years ahead to
  increase the dependency on renewable energy
  sources, which will impel solar PV glass market.

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Continued

• The float technology is extensively used in thin
  film photovoltaic modules, pertaining to the key
  properties such as high flatness, low
  reflectance, and high light transmittance.
  Float-based solar PV glass industry will collect
  considerable revenue over the coming timeframe,
  owing to the surging adoption of this technology
  subject to its noteworthy features such as
  uniform thickness, cost effectiveness, and ease
  of manufacturing process. This technology is
  particularly used in architectural applications.
• Thin-film CIS covered more than 9 of solar PV
  glass market in 2016 and will generate
  significant revenue over the coming seven years.
  To improve the efficiency of the solar powered
  systems, market players are reducing the panel
  dimension, which will subsequently fuel the
  segment growth. The noteworthy players in solar
  PV glass market are Nippon Energy, Xinyi Glass,
  Guardian Industries, Borosil, Euro Multivision
  India, Saint Gobain, Guangdong Golden, Sunarc
  Technology, Flat Glass Group Co., Ltd., and
  Hecker Glastechnik GmbH Co. KG.
• In Latin America, Chile solar PV glass market is
  slated to record an annual growth rate of more
  than 10 over the period of 2016 to 2024. This
  country is investing heavily in the development
  and installation of photovoltaic systems. For
  instance, recently, Enel Green Power Chile Ltd
  invested about USD 270 million to install a
  project of capacity 160 MW.

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U.S. Solar PV Glass Market Size, By End Use, 2016
2024 (USD Million)

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Solar PV Glass Industry Background
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Continued.

• CIGS and crystalline photovoltaic modules uses
  pattern technology extensively owing to the
  non-smooth surface. Pattern technology segment of
  solar PV glass market will register a CAGR of
  more than 6 over the coming years.
  Implementation of this technology offers better
  aesthetic, easy lamination, non-blinding effect,
  and desired transparency modules.
• U.S. solar PV glass industry occupied more than
  90 million square meters in terms of area and is
  predicted to grow significantly, accounting for
  an increased number of installations over the
  years ahead. The growth can be attributed to the
  escalating deployment of strict governmental
  norms to adopt sustainable energy. In addition,
  the Department of Energy Research and Innovation
  has taken initiations to enhance traditional
  laboratories under the Act of H.R.589, which will
  stimulate solar PV glass industry share notably.
  The increasing requirement of PV solar systems
  across the residential sector will fuel the
  demand for tempered solar PV glass market, slated
  to record an annual growth rate of more than 7
  over the period of 2017 to 2024. Besides,
  tempered products have notable thermal stress
  resistance capability and superior mechanical
  strength, which will fuel the market growth.
• The notable giants in solar PV glass market are
  looking forward to increasing the annual
  manufacturing capacity to garner profits.
  Strategies such as product differentiation and
  novel product development will create lucrative
  avenues for the market players. Top competitors
  are also focusing on strategic joint ventures and
  partnerships to expand their global presence.

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