Solar Glass Market size is forecast to reach $35.4 billion by 2025, after growing at a CAGR of 29% during 2020-2025. Solar Glass industry is projected to augment due to increasing use of solar glass for all kinds of residential and commercial buildings. Growth in the construction sector, particularly in emerging economies and technological advancements in the solar glass industry drive the growth of the market.
Asia Pacific dominates the solar glass market owing to rapid increase in development of renewable power to cope up with the increase in electricity demand.
Solar glass windows are double glazed, have high strength, are durable, and transparent.
Growth in the construction sector, particularly in emerging economies and technological advancements in the solar glass industry drive the growth of the market.
The market drivers and restraints have been assessed to understand their impact over the forecast period. The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
The other key areas of focus include the various applications ian solar glass market and their specific segmented revenue.
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By Application – Segment Analysis
Facades is projected to witness highest share in Solar Glass market in 2019. Facade panels are cost effective as they lessen the costs for cement or adhesive purchases and also they are energy efficient. Global Facades market is witnessing huge growth, owing to the significant growth in the construction of residential, commercial and industrial properties globally. The technical advancements in the construction and infrastructure industry has increased the demand for such energy efficient materials. The commercial construction industry has achieved tremendous growth in the past five years. The improvements in infrastructure investment provides continuous impetus to the construction and building industry, in turn, propelling the demand for facades.
Drivers –Solar Glass market
Solar Glass Facades helps in lowering power consumption
Façade retrofitting improves the aged building performance
Rapid industrialization and infrastructure activity will augment the growth of solar glass
Major players in the Solar Glass market rare PPG Industries Inc., Guardian Glass, CSG Architectural Glass, Arcon Flachglass Veredlung Gmbh Co. & KG, Sisecam Flat Glass and Others.
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