SOLAR PHOTOVOLTAIC GLASS MARKET ANALYSIS

Market Challenges And Opportunities

Increasing adoption of this PV glass, helps block heat, in turn reducing air-conditioning costs. Variance in photovoltaic efficiency and light penetration among these products enables multiple options for architectural design. Thus the demand for PV glass is rapidly increasing in the architectural sector. Major challenge faced by this market includes high capital expenditure for installation of solar energy equipment. Also, availability of high quality solar photovoltaic glass is a detrimental factor to market growth.

Solar PV glasses are used in both residential and non-residential applications. However, high installation cost involved with solar photovoltaic glass is further hindering growth of the solar photovoltaic glass market. Furthermore, R&D and innovation is expected to result in the development of low-cost production of solar PV glass, in turn, reducing costs of such glass, thus is expected to gain more traction. This in turn, is expected to boost market growth. Increasing number of government initiatives such as Paris Climate Agreement to provide solar energy, is influencing growth of this market.