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Solar Photovoltaic Glass Market

ID: MRFR/EnP/22669-CR
128 Pages
Sejal Akre
August 2024

Solar Photovoltaic Glass Market Size, Share & Growth Analysis Report by Product Type (Anti-reflective (AR) Coated, Transparent Conductive Oxide and Tempered) By Module (Crystalline Silicon Modules, Amorphous Silicon Modules and Thin Film Modules) By Application (Utility, Residential and Non-Residential), and By Region - Trends & Industry Forecast to 2035

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Solar Photovoltaic Glass Market Summary

As per MRFR analysis, the Solar Photovoltaic Glass Market Size was estimated at 8244.85 USD Million in 2024. The Solar Photovoltaic Glass industry is projected to grow from 10050.64 USD Million in 2025 to 72828.75 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 21.9 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Solar Photovoltaic Glass Market is experiencing robust growth driven by technological advancements and increasing sustainability focus.

  • North America remains the largest market for solar photovoltaic glass, driven by strong regulatory support and demand for renewable energy.
  • Asia-Pacific is the fastest-growing region, reflecting a surge in investments in solar energy infrastructure and technological innovations.
  • Building Integrated Photovoltaics represent the largest segment, while Solar Farms are emerging as the fastest-growing segment in the market.
  • Key market drivers include increasing demand for renewable energy and government incentives that promote the adoption of solar technologies.

Market Size & Forecast

2024 Market Size 8244.85 (USD Million)
2035 Market Size 72828.75 (USD Million)
CAGR (2025 - 2035) 21.9%

Major Players

First Solar (US), Canadian Solar (CA), JinkoSolar (CN), LONGi Green Energy (CN), Trina Solar (CN), Hanwha Q CELLS (KR), JA Solar (CN), GCL-Poly Energy (CN), Sharp Corporation (JP)

Solar Photovoltaic Glass Market Trends

The Solar Photovoltaic Glass Market is currently experiencing a transformative phase, driven by the increasing demand for renewable energy solutions and advancements in technology. This market encompasses specialized glass products designed to enhance the efficiency and durability of solar panels. As global awareness of climate change intensifies, stakeholders are increasingly investing in sustainable energy sources, which in turn propels the growth of this sector. The integration of photovoltaic technology into building materials is also gaining traction, suggesting a shift towards more energy-efficient architectural designs. Moreover, the Solar Photovoltaic Glass Market appears to be influenced by regulatory frameworks that promote clean energy initiatives. Governments worldwide are implementing policies that encourage the adoption of solar energy, thereby creating a conducive environment for market expansion. Innovations in glass manufacturing processes, such as the development of anti-reflective coatings and improved transparency, are likely to enhance the performance of solar panels. As the market evolves, it may witness a diversification of applications, including integration into vehicles and other consumer products, indicating a promising future for solar photovoltaic glass.

Technological Advancements

Recent innovations in manufacturing processes are enhancing the performance and efficiency of solar photovoltaic glass. Developments such as anti-reflective coatings and improved durability are likely to attract more consumers and businesses to adopt solar technologies.

Sustainability Focus

There is a growing emphasis on sustainable building practices, which is driving the demand for solar photovoltaic glass. This trend suggests that architects and builders are increasingly integrating renewable energy solutions into their designs, promoting energy efficiency.

Regulatory Support

Government policies aimed at promoting renewable energy adoption are playing a crucial role in shaping the Solar Photovoltaic Glass Market. Incentives and subsidies for solar installations may encourage further investment in this sector.

Solar Photovoltaic Glass Market Drivers

Market Growth Projections

The Global Solar Photovoltaic Glass Market Industry is projected to experience substantial growth over the next decade. With a market value anticipated to reach 70.8 USD Billion by 2035, the industry is on a robust upward trajectory. The expected CAGR of 21.59% from 2025 to 2035 highlights the increasing adoption of solar technologies and the expanding applications of photovoltaic glass in various sectors. This growth is driven by a combination of factors, including technological advancements, supportive government policies, and rising consumer awareness regarding sustainability. The market's future appears promising, with numerous opportunities for innovation and expansion.

Government Policies and Incentives

Government policies play a crucial role in shaping the Global Solar Photovoltaic Glass Market Industry. Many countries are introducing favorable regulations and financial incentives to encourage solar energy adoption. For instance, tax credits, rebates, and feed-in tariffs are common strategies employed to stimulate investment in solar technologies. These initiatives not only enhance the attractiveness of solar projects but also create a conducive environment for photovoltaic glass manufacturers. As a result, the market is expected to witness significant growth, aligning with global sustainability goals and the increasing focus on reducing carbon emissions.

Rising Demand for Renewable Energy

The Global Solar Photovoltaic Glass Market Industry is experiencing heightened demand due to the global shift towards renewable energy sources. Governments worldwide are implementing policies and incentives to promote solar energy adoption, which is driving the need for photovoltaic glass. For instance, the International Energy Agency indicates that solar power generation is expected to increase significantly, contributing to a cleaner energy mix. This trend is reflected in the projected market value of 8.24 USD Billion in 2024, with expectations to reach 70.8 USD Billion by 2035, showcasing a robust growth trajectory fueled by renewable energy initiatives.

Technological Advancements in Solar Glass

Technological innovations are propelling the Global Solar Photovoltaic Glass Market Industry forward. Enhanced manufacturing processes and materials are leading to the production of more efficient and durable photovoltaic glass. For example, the development of bifacial solar panels, which utilize both sides of the glass for energy generation, is gaining traction. This advancement not only improves energy output but also reduces the overall cost per watt of solar energy. As a result, the market is poised for substantial growth, with a projected CAGR of 21.59% from 2025 to 2035, indicating a strong future for technologically advanced solar glass solutions.

Growing Urbanization and Infrastructure Development

Urbanization and infrastructure development are driving the Global Solar Photovoltaic Glass Market Industry. As cities expand, the demand for energy-efficient buildings and sustainable construction practices rises. Photovoltaic glass is increasingly being integrated into building facades and rooftops, providing dual functionality as both a structural element and an energy source. This trend is particularly evident in regions experiencing rapid urban growth, where energy demands are escalating. The incorporation of solar glass in new constructions is likely to contribute to the market's growth, as urban planners and architects seek innovative solutions to meet energy needs sustainably.

Increasing Awareness of Environmental Sustainability

There is a growing awareness of environmental sustainability among consumers and businesses, which is positively impacting the Global Solar Photovoltaic Glass Market Industry. As climate change concerns escalate, stakeholders are increasingly prioritizing eco-friendly solutions. This shift in mindset is driving the adoption of solar technologies, including photovoltaic glass, as a means to reduce carbon footprints. Educational campaigns and advocacy efforts are further amplifying this trend, encouraging individuals and organizations to invest in renewable energy sources. Consequently, the market is expected to expand as more entities recognize the long-term benefits of sustainable energy solutions.

Market Segment Insights

By Application: Building Integrated Photovoltaics (Largest) vs. Solar Farms (Fastest-Growing)

The application segment of the Solar Photovoltaic Glass Market reveals a dynamic landscape with Building Integrated Photovoltaics (BIPV) leading as the largest component. This segment encompasses photovoltaic glass installed as part of building structures, which integrates seamlessly into architectural designs. The growing trend towards green building designs and energy-efficient solutions solidifies BIPV's prominent position in the market. Conversely, Solar Farms represent the fastest-growing segment, leveraging vast areas of land to deploy large-scale solar panels. Their ability to generate significant power outputs and meet rising energy demands provides substantial growth opportunities.

Building Integrated Photovoltaics (Dominant) vs. Residential Installations (Emerging)

Building Integrated Photovoltaics (BIPV) are at the forefront of the Solar Photovoltaic Glass Market due to their dual functionality as both building elements and renewable energy sources. This segment not only contributes to the aesthetic value of buildings but also responds to the increasing demand for sustainable construction practices. BIPV systems offer advantages including energy generation without compromising architectural integrity. On the other hand, Residential Installations are emerging as a key player, driven by growing consumer awareness regarding energy costs and sustainability. These installations enable homeowners to decrease their dependence on fossil fuels and promote energy independence, though they currently do not quite match the scale or impact of BIPV.

By Type of Glass: Low Iron Glass (Largest) vs. Tempered Glass (Fastest-Growing)

The Solar Photovoltaic Glass Market showcases a diverse range of glass types, with Low Iron Glass predominantly holding the largest market share due to its superior light transmission properties, making it a preferred choice among manufacturers. Following closely is Tempered Glass, which is gaining traction for its enhanced strength and safety features, appealing to an evolving market focusing on durability and performance.

Tempered Glass (Dominant) vs. Laminated Glass (Emerging)

Tempered Glass is the dominant player in the Solar Photovoltaic Glass segment, known for its resilience and ability to withstand high thermal stress, contributing to its widespread use in solar panels. In contrast, Laminated Glass is emerging as a valuable alternative due to advancements in technology that enhance its structural integrity while providing additional safety features. As consumers increasingly prioritize energy efficiency and safety, the demand for Laminated Glass is rising, marking it as a notable contender in the market.

By End Use: Residential (Largest) vs. Commercial (Fastest-Growing)

In the Solar Photovoltaic Glass Market, the highest market share is captured by the residential segment, which caters to homeowners seeking sustainable energy solutions for personal use. This segment benefits from rising awareness of environmental issues and government incentives, making solar energy a popular choice among residential consumers. Meanwhile, the commercial segment is also witnessing rapid growth, driven by businesses looking to enhance their sustainability profiles and reduce energy costs. As energy prices continue to rise, commercial entities are increasingly investing in solar technology. The growth trends for both segments are fueled by various factors. The residential segment gains traction as homeowners become more energy-conscious and seek ways to reduce utility expenses. Technological advancements in solar glass, providing better efficiency and aesthetics, are encouraging adoption in homes. In contrast, the commercial segment is growing swiftly, propelled by corporate sustainability commitments and policies favoring renewable energy. With rising energy demands and shifting attitudes towards sustainable practices, both segments are poised for further expansion in the coming years.

Residential (Dominant) vs. Utility (Emerging)

The residential segment is currently the dominant force in the Solar Photovoltaic Glass Market, characterized by a strong inclination towards self-sufficiency and eco-friendly energy solutions. Homeowners are increasingly investing in solar installations due to advances in technology that enhance efficiency and visual appeal. In this context, utility-scale solar projects are emerging as a viable alternative, focusing on large-scale energy production and distribution. While residential projects cater to individual needs and preferences, utility projects target broad energy demands for communities, leveraging economies of scale and operational efficiencies. Both segments represent significant market opportunities, yet they differ in their deployment strategies, customer engagement, and overall impact on the renewable energy landscape.

Get more detailed insights about Solar Photovoltaic Glass Market

Regional Insights

North America : Growing Renewable Energy Sector

The North American solar photovoltaic glass market is poised for significant growth, driven by increasing investments in renewable energy and supportive government policies. With a market size of $1500.0 million, the region is witnessing a surge in demand for solar energy solutions, particularly in the U.S. and Canada. Regulatory incentives, such as tax credits and renewable energy mandates, are catalyzing this growth, making solar energy more accessible and affordable for consumers. Leading the charge in this market are the U.S. and Canada, where major players like First Solar and Canadian Solar are making substantial contributions. The competitive landscape is characterized by innovation and technological advancements, with companies focusing on enhancing the efficiency and durability of photovoltaic glass. As the region aims to meet its renewable energy targets, the presence of established firms and new entrants is expected to intensify competition, further driving market expansion.

Europe : Sustainable Energy Leadership

Europe is emerging as a leader in the solar photovoltaic glass market, with a market size of $2500.0 million. The region's commitment to sustainability and reducing carbon emissions is driving demand for solar technologies. Regulatory frameworks, such as the European Green Deal, are providing a robust foundation for growth, encouraging investments in renewable energy sources and innovative technologies. This focus on sustainability is expected to propel the market forward, making solar energy a key component of Europe's energy strategy. Germany, France, and the UK are at the forefront of this market, with significant contributions from companies like JinkoSolar and Hanwha Q CELLS. The competitive landscape is marked by a mix of established players and emerging startups, all vying for market share. As Europe continues to prioritize renewable energy, the presence of key players and supportive regulations will likely enhance the region's position in The Solar Photovoltaic Glass.

Asia-Pacific : Dominant Market Leader

The Asia-Pacific region is the largest market for solar photovoltaic glass, boasting a market size of $4000.0 million. This dominance is fueled by rapid industrialization, urbanization, and a growing emphasis on renewable energy. Countries like China and India are leading the charge, supported by government initiatives that promote solar energy adoption. The region's favorable regulatory environment and decreasing costs of solar technologies are significant drivers of market growth, making solar energy increasingly viable for consumers and businesses alike. China stands out as a powerhouse in the solar market, with major players like LONGi Green Energy and JA Solar leading the way. The competitive landscape is characterized by aggressive pricing strategies and continuous innovation, as companies strive to enhance the efficiency of photovoltaic glass. As the region continues to invest in solar infrastructure, the presence of key players and supportive policies will further solidify its market leadership.

Middle East and Africa : Emerging Solar Potential

The Middle East and Africa region is witnessing a burgeoning solar photovoltaic glass market, with a market size of $1244.85 million. This growth is driven by an increasing focus on renewable energy to address energy shortages and environmental concerns. Countries like the UAE and South Africa are leading the way, implementing policies that encourage solar energy investments. The region's abundant sunlight and favorable climate conditions further enhance the viability of solar projects, making it an attractive market for investors. In this competitive landscape, key players such as GCL-Poly Energy and Sharp Corporation are making significant strides. The presence of these companies, along with government support, is expected to drive innovation and market expansion. As the region continues to explore its solar potential, the combination of favorable regulations and investment opportunities will likely accelerate growth in the photovoltaic glass market.

Solar Photovoltaic Glass Market Regional Image

Key Players and Competitive Insights

The Solar Photovoltaic Glass Market is currently characterized by a dynamic competitive landscape, driven by increasing demand for renewable energy solutions and advancements in solar technology. Key players such as First Solar (US), JinkoSolar (CN), and Hanwha Q CELLS (KR) are strategically positioning themselves through innovation and regional expansion. First Solar (US) has focused on enhancing its manufacturing capabilities, particularly in the production of thin-film solar modules, which are gaining traction due to their efficiency and lower environmental impact. Meanwhile, JinkoSolar (CN) has been expanding its global footprint, establishing new partnerships to enhance its supply chain and distribution networks, thereby solidifying its market presence. Hanwha Q CELLS (KR) is also investing heavily in R&D to develop next-generation solar cells, indicating a collective shift towards innovation as a key competitive driver. In terms of business tactics, companies are increasingly localizing manufacturing to reduce costs and improve supply chain resilience. This trend is particularly evident in the moderately fragmented market structure, where the collective influence of major players is shaping competitive dynamics. The focus on optimizing supply chains and enhancing operational efficiencies is becoming paramount as companies strive to meet the growing demand for solar energy solutions. In November 2025, First Solar (US) announced a significant investment in a new manufacturing facility in Texas, aimed at increasing its production capacity for solar modules. This strategic move is expected to bolster its position in the North American market, allowing the company to better serve local demand while reducing transportation costs. The establishment of this facility underscores First Solar's commitment to sustainability and local job creation, aligning with broader industry trends towards localized production. In October 2025, JinkoSolar (CN) entered into a strategic partnership with a leading technology firm to develop advanced solar glass solutions. This collaboration aims to enhance the efficiency and durability of solar panels, potentially setting new industry standards. By leveraging cutting-edge technology, JinkoSolar is positioning itself as a leader in innovation, which could significantly impact its competitive standing in the market. In September 2025, Hanwha Q CELLS (KR) launched a new line of high-efficiency solar cells that utilize AI-driven manufacturing processes. This initiative not only improves production efficiency but also enhances the performance of solar panels, catering to the increasing demand for high-performance renewable energy solutions. The integration of AI into manufacturing processes reflects a broader trend towards digitalization in the industry, which is likely to redefine competitive strategies moving forward. As of December 2025, the Solar Photovoltaic Glass Market is witnessing trends that emphasize digitalization, sustainability, and technological integration. Strategic alliances are becoming increasingly important, as companies seek to leverage complementary strengths to enhance their competitive edge. The shift from price-based competition to a focus on innovation, technology, and supply chain reliability is evident, suggesting that future differentiation will hinge on these factors. Companies that can effectively navigate these trends are likely to emerge as leaders in the evolving landscape.

Key Companies in the Solar Photovoltaic Glass Market include

Industry Developments

  • Q1 2024: Mahindra Susten partners with Waaree Energies for supply of 280 MW solar modules Mahindra Susten announced a strategic partnership with Waaree Energies Limited to procure 280 MW of AHNAY Series, Bi-55 545 Wp solar modules, enhancing its solar project capabilities and expanding its renewable energy portfolio.
  • Q1 2024: Xinyi Solar Announces 9.6% YOY Growth in Solar Glass Sales Volume Xinyi Solar reported a 9.6% year-over-year growth in its solar glass business sales volume for 2024, reflecting increased demand and expansion in the solar photovoltaic glass sector.
  • Q1 2024: SunDrive Solar explores copper-based solar cell technology to reduce costs SunDrive Solar announced its ongoing research into using copper instead of silver in solar cells, aiming to lower production costs and reduce reliance on scarce resources in the solar photovoltaic glass market.
  • Q1 2025: Masdar signs $15 billion deal with Philippines for 1 GW renewable energy projects Masdar, the UAE state energy company, signed a $15 billion agreement with the Philippines in January 2025 to develop up to 1 GW of sustainable energy projects, which is expected to increase demand for solar photovoltaic glass in the region.
  • Q1 2024: First Solar breaks ground on new $1.1 billion solar panel manufacturing facility in Louisiana First Solar announced the groundbreaking of its new $1.1 billion manufacturing facility in Louisiana, which will produce advanced solar panels utilizing photovoltaic glass technology.
  • Q2 2024: Canadian Solar launches new high-efficiency bifacial solar modules with advanced PV glass Canadian Solar introduced a new line of high-efficiency bifacial solar modules featuring advanced photovoltaic glass, targeting utility-scale and commercial solar projects.
  • Q2 2024: China's Flat Glass Group opens new solar glass production line in Anhui Flat Glass Group, a major Chinese manufacturer, inaugurated a new solar glass production line in Anhui province, expanding its capacity to meet growing global demand for photovoltaic glass.
  • Q2 2024: SolarEdge Technologies appoints new Chief Technology Officer to lead PV glass innovation SolarEdge Technologies announced the appointment of a new Chief Technology Officer to spearhead research and development in photovoltaic glass and module technologies.
  • Q3 2024: Saint-Gobain acquires minority stake in solar glass startup HelioTech Saint-Gobain acquired a minority stake in HelioTech, a startup specializing in innovative solar photovoltaic glass, to strengthen its position in the renewable energy materials market.
  • Q3 2024: Solar glass startup ClearVue raises $20 million Series B funding ClearVue, a solar glass technology startup, secured $20 million in Series B funding to accelerate commercialization and scale production of its photovoltaic glass products.
  • Q4 2024: AGC Glass Europe announces new solar glass plant in Spain AGC Glass Europe revealed plans to build a new solar glass manufacturing plant in Spain, aiming to supply advanced photovoltaic glass to the European solar market.
  • Q1 2025: Solar glass manufacturer Vitro files for IPO on NYSE Vitro, a leading solar glass manufacturer, filed for an initial public offering on the New York Stock Exchange to raise capital for expanding its photovoltaic glass production capacity.

Future Outlook

Solar Photovoltaic Glass Market Future Outlook

The Solar Photovoltaic Glass Market is projected to grow at a 21.9% CAGR from 2025 to 2035, driven by increasing renewable energy adoption, technological advancements, and supportive government policies.

New opportunities lie in:

  • Development of integrated solar glass solutions for smart buildings. Expansion into emerging markets with tailored solar glass products. Partnerships with construction firms for solar glass installations.

By 2035, the Solar Photovoltaic Glass Market is expected to be robust, reflecting substantial growth and innovation.

Market Segmentation

Solar Photovoltaic Glass Market End Use Outlook

  • Residential
  • Commercial
  • Industrial
  • Utility
  • Agricultural

Solar Photovoltaic Glass Market Application Outlook

  • Building Integrated Photovoltaics
  • Solar Farms
  • Residential Installations
  • Commercial Installations
  • Utility Scale

Solar Photovoltaic Glass Market Type of Glass Outlook

  • Tempered Glass
  • Low Iron Glass
  • Borosilicate Glass
  • Laminated Glass
  • Anti-Reflective Coated Glass

Report Scope

MARKET SIZE 2024 8244.85(USD Million)
MARKET SIZE 2025 10050.64(USD Million)
MARKET SIZE 2035 72828.75(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 21.9% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled First Solar (US), Canadian Solar (CA), JinkoSolar (CN), LONGi Green Energy (CN), Trina Solar (CN), Hanwha Q CELLS (KR), JA Solar (CN), GCL-Poly Energy (CN), Sharp Corporation (JP)
Segments Covered Application, Type of Glass, End Use
Key Market Opportunities Integration of advanced coatings enhances efficiency and durability in the Solar Photovoltaic Glass Market.
Key Market Dynamics Rising demand for energy-efficient solutions drives innovation and competition in the Solar Photovoltaic Glass market.
Countries Covered North America, Europe, APAC, South America, MEA
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FAQs

How much is the Solar Photovoltaic Glass Market?

US$ 6763.62 Mn

What is the growth rate of the Solar Photovoltaic Glass Market?

21.90%

Which region held the largest market share in the Solar Photovoltaic Glass Market?

Asia Pacific

Who are the key players in the Solar Photovoltaic Glass Market?

Xinyi Solar Holdings Limited, Nippon Sheet Glass Co., Ltd, Flat Glass Group Co., Ltd., Onyx Solar Group LLC, Irico Group New Energy Company Limited, AGC, Borosil Renewables, Changzhou Almaden Co., Ltd., Polysolar and Vishakha Renewables Pvt. Ltd.

Which Product Type had the largest market share in the Solar Photovoltaic Glass Market?

Anti-reflective (AR) Coated

Which Module had the largest market share in the Solar Photovoltaic Glass Market?

Crystalline Silicon Modules

Which Application had the largest market share in the Solar Photovoltaic Glass Market?

Utility

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