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Solar Photovoltaic Glass Market

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

Solar Photovoltaic Glass Market Research Report Information 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 -Global Forecast to 2035

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Solar Photovoltaic Glass Market Infographic
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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 poised for substantial growth driven by technological advancements and increasing sustainability focus.

  • North America remains the largest market for solar photovoltaic glass, driven by robust infrastructure and regulatory support.
  • Asia-Pacific is recognized as the fastest-growing region, fueled by rapid urbanization and increasing energy demands.
  • Solar farms dominate the market, while residential installations are emerging as the fastest-growing segment due to rising consumer interest.
  • Key market drivers include increasing demand for renewable energy and government incentives promoting technological innovations in solar glass.

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), Borosil Renewables (IN), Saint-Gobain (FR)

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. 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, making them more appealing to consumers and businesses alike. Moreover, the Solar Photovoltaic Glass Market is influenced by regulatory frameworks and government incentives aimed at promoting clean energy adoption. Various regions are implementing policies that encourage the integration of solar technologies into residential and commercial infrastructures. This trend suggests a robust future for solar photovoltaic glass, as it plays a crucial role in the overall efficiency of solar energy systems. As the market evolves, it appears that collaboration between manufacturers, researchers, and policymakers will be essential to address challenges and harness opportunities within this dynamic landscape.

Technological Advancements

Recent innovations in glass technology are enhancing the performance of solar panels. Developments such as anti-reflective coatings and improved durability are making photovoltaic glass more efficient and appealing to consumers. These advancements may lead to increased adoption rates in various sectors.

Regulatory Support

Government policies and incentives are playing a pivotal role in the growth of the Solar Photovoltaic Glass Market. Many regions are implementing regulations that promote the use of renewable energy, which could drive demand for solar technologies and related products.

Sustainability Focus

There is a growing emphasis on sustainability within the Solar Photovoltaic Glass Market. As consumers and businesses prioritize eco-friendly solutions, the demand for solar glass products that contribute to energy efficiency and reduced carbon footprints is likely to rise.

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: Solar Farms (Largest) vs. Residential Installations (Fastest-Growing)

The application segment of the Solar Photovoltaic Glass Market showcases diverse opportunities across various segments. Solar Farms dominate this market by commanding a substantial share, driven by the increasing emphasis on utility-scale renewable energy projects. This segment is well-established and serves as a critical component in large-scale solar power generation, appealing to investors and stakeholders aiming for sustainable energy solutions. In contrast, Residential Installations represent an emerging trend, witnessing rapid adoption and significant growth. This segment is buoyed by a growing consumer inclination towards energy independence and sustainability. Technological advancements and governmental incentives further propel the growth of residential solar applications, making it one of the fastest-growing segments in the market.

Solar Farms (Dominant) vs. Residential Installations (Emerging)

Solar Farms are the cornerstone of the Solar Photovoltaic Glass Market, characterized by extensive land use and high-capacity energy generation capabilities. This segment benefits from economies of scale and is often integrated into large infrastructure projects, catering to energy providers and large entities. The establishment of solar farms is further supported by advancements in photovoltaic technology, which enhances efficiency and lowers costs. In contrast, Residential Installations are rapidly gaining ground as consumers become more aware of renewable energy benefits. This segment focuses on smaller-scale solar solutions that empower homeowners to generate their own electricity. The growth of this segment is fueled by the increasing affordability of solar technology and supportive legislation that motivates residential installations.

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

In the Solar Photovoltaic Glass Market, the distribution of market shares among different types of glass reveals that Low Iron Glass holds the largest segment due to its excellent light transmission properties, making it highly favored for solar applications. Tempered Glass, while not the largest contributor to market size, is rapidly gaining traction due to an increasing demand for safety and durability in solar panels. Its superior strength is appealing to manufacturers focused on enhancing product longevity. The growth trends in this segment are significantly influenced by technological advancements and the rising adoption of solar energy worldwide. Factors such as energy efficiency and the growing emphasis on sustainable energy solutions are driving the demand for innovative glass types, particularly for Tempered Glass, which is becoming a preferred choice among solar panel manufacturers seeking to improve performance and resilience against environmental stressors. This trend indicates a vibrant competitive landscape as manufacturers innovate to meet evolving market needs.

Low Iron Glass (Dominant) vs. Anti-Reflective Coated Glass (Emerging)

Low Iron Glass is currently the dominant type of glass in the Solar Photovoltaic Glass Market, known for its superior clarity and high light transmission properties. Its minimal iron content allows for more efficient solar energy conversion, making it the preferred choice for high-performance solar cells. On the other hand, Anti-Reflective Coated Glass is emerging as an important player, with innovations in coating technologies enhancing its appeal. This glass type significantly reduces reflection losses, thereby improving the efficiency of solar panels. As manufacturers focus on maximizing energy output, Anti-Reflective Coated Glass is gaining attention for its potential to optimize solar module performance. The ongoing development in both segments highlights a trend towards enhancing efficiency and sustainability in solar energy solutions.

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

In the Solar Photovoltaic Glass Market, the end use segments exhibit a diverse distribution, with Residential applications commanding the largest share. This segment has been a staple for solar installations as homeowners increasingly adopt renewable energy solutions to offset energy costs and enhance sustainability. Meanwhile, the Commercial segment is emerging rapidly, driven by businesses aiming for greener operations and the dual benefit of cost savings and corporate responsibility in their energy choices.

Residential (Dominant) vs. Commercial (Emerging)

The Residential segment in the Solar Photovoltaic Glass Market plays a pivotal role, as homeowners invest in solar solutions to reduce energy expenses and environmental impact. This segment benefits from various incentives promoting solar adoption, and it represents a steadfast market presence characterized by increasing awareness of renewable energy. Conversely, the Commercial segment is gaining momentum as businesses recognize the economic advantages of solar energy, complemented by sustainability goals. This emerging segment is becoming a significant player, with innovative building designs prioritizing energy efficiency, and it is expected to see robust growth as corporate sustainability evolves as a priority.

Get more detailed insights about Solar Photovoltaic Glass Market

Regional Insights

North America : Renewable Energy Leader

North America is witnessing significant growth in the Solar Photovoltaic Glass Market, driven by increasing investments in renewable energy and supportive government policies. The market size is projected to reach $1500.0 million by December 2025, reflecting a robust demand for sustainable energy solutions. Regulatory incentives, such as tax credits and renewable energy mandates, are catalyzing this growth, making solar energy more accessible to consumers and businesses alike. The United States and Canada are the leading countries in this region, with major players like First Solar and Canadian Solar dominating the market. The competitive landscape is characterized by innovation and technological advancements, as companies strive to enhance efficiency and reduce costs. The presence of established firms and new entrants is fostering a dynamic environment, ensuring that North America remains a key player in The Solar Photovoltaic Glass.

Europe : Sustainable Energy Transition

Europe is at the forefront of the Solar Photovoltaic Glass Market, with a market size of $2500.0 million anticipated by December 2025. The region's commitment to sustainability and climate goals is driving demand for solar technologies. Regulatory frameworks, such as the European Green Deal, are promoting renewable energy adoption, which is crucial for achieving carbon neutrality by 2050. This regulatory support is a significant catalyst for market growth, encouraging investments in solar infrastructure. Leading countries in Europe include Germany, France, and Spain, where companies like Saint-Gobain are making substantial contributions. The competitive landscape is marked by a mix of established firms and innovative startups, all vying for market share. The presence of key players and a strong focus on R&D are propelling advancements in solar technology, ensuring that Europe remains a leader in The Solar Photovoltaic Glass.

Asia-Pacific : Emerging Powerhouse

Asia-Pacific is the largest market for Solar Photovoltaic Glass, with a projected size of $4000.0 million by December 2025. The region's rapid industrialization and urbanization are driving the demand for renewable energy solutions. Government initiatives and incentives aimed at reducing carbon emissions are further catalyzing market growth. Countries in this region are increasingly investing in solar energy to meet their energy needs sustainably, reflecting a strong commitment to renewable energy adoption. China, India, and Japan are the leading countries in this market, with major players like JinkoSolar and LONGi Green Energy leading the charge. The competitive landscape is characterized by aggressive pricing strategies and technological advancements, as companies strive to enhance efficiency and reduce costs. The presence of numerous manufacturers and suppliers is fostering a highly competitive environment, ensuring that Asia-Pacific remains a dominant force in The Solar Photovoltaic Glass.

Middle East and Africa : Resource-Rich Frontier

The Middle East and Africa (MEA) region is emerging as a significant player in the Solar Photovoltaic Glass Market, with a market size of $1244.85 million expected by December 2025. The region's abundant sunlight and increasing energy demands are driving investments in solar technologies. Governments are implementing policies to diversify energy sources and reduce reliance on fossil fuels, which is crucial for sustainable development. This regulatory push is fostering a favorable environment for solar energy projects. Leading countries in this region include South Africa and the UAE, where companies like Borosil Renewables are making strides in solar technology. The competitive landscape is evolving, with both local and international players entering the market. The presence of key players and a growing focus on renewable energy initiatives are positioning MEA as a promising market for solar energy solutions.

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, while JinkoSolar (CN) emphasizes technological advancements in solar glass production. Hanwha Q CELLS (KR) is actively pursuing partnerships to bolster its market presence, collectively shaping a competitive environment that prioritizes sustainability and efficiency.

The market structure appears moderately fragmented, with several players vying for market share. Key business tactics include localizing manufacturing to reduce costs and optimize supply chains. This approach not only enhances operational efficiency but also allows companies to respond swiftly to regional market demands. The collective influence of these major players fosters a competitive atmosphere where innovation and strategic collaborations are paramount.

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 photovoltaic glass. This strategic move is likely to enhance its competitive edge by reducing lead times and transportation costs, thereby improving overall supply chain efficiency. The facility is expected to create numerous jobs and contribute to local economic growth, aligning with the company's commitment to sustainability.

In October 2025, JinkoSolar (CN) unveiled a new line of high-efficiency solar glass that integrates advanced anti-reflective coatings. This innovation is anticipated to improve energy conversion rates, positioning JinkoSolar as a leader in technological advancements within the market. The introduction of this product could potentially attract new customers seeking enhanced performance, thereby solidifying JinkoSolar's market position.

In September 2025, Hanwha Q CELLS (KR) entered into a strategic partnership with a leading technology firm to develop AI-driven solutions for optimizing solar panel performance. This collaboration is indicative of a broader trend towards digitalization in the industry, where data analytics and AI are leveraged to enhance operational efficiencies. Such initiatives may provide Hanwha Q CELLS with a competitive advantage in a rapidly evolving market.

As of December 2025, current trends in the Solar Photovoltaic Glass Market indicate a shift towards digitalization, sustainability, and AI integration. Strategic alliances are increasingly shaping the competitive landscape, fostering innovation and collaboration among key players. The focus appears to be shifting from price-based competition to differentiation through technology and supply chain reliability. This evolution suggests that companies that prioritize innovation and sustainable practices are likely to thrive in the future.

Key Companies in the Solar Photovoltaic Glass Market 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 2024 to 2035, driven by increasing renewable energy adoption, technological advancements, and supportive government policies.

New opportunities lie in:

  • Development of high-efficiency bifacial solar glass products.
  • Expansion into emerging markets with tailored solar solutions.
  • Partnerships with construction firms for integrated solar building designs.

By 2035, the 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% (2024 - 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), Borosil Renewables (IN), Saint-Gobain (FR)
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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