Solar power generating transparent glazing
The global solar photovoltaic glass market is projected to grow at a CAGR of around 32%, in value terms, during 2021-2025. Awareness about generating reliable and clean energy, upgrading of existing buildings’ infrastructure and government initiatives are expected to drive growth in the solar photovoltaic glass market. The global solar photovoltaic glass market is segmented based on application, type, end user and region. Based on application, utility holds the highest market share in the forecast period. PV panels are used in a variety of applications in the utility sector. As the demand for cost-competitive energy resources is increasing, this segment will drive the product demand in the forecast period. Regionally, North America holds the major market share in the forecast period. Due to increasing installations of solar energy plants and inclination towards renewable energy, North America is widely expected to witness significant growth in solar photovoltaic glass market.