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Photovoltaic (PV) glass is a type of glass that can convert sunlight into electricity. It is widely used in solar panels, building-integrated photovoltaics (BIPV), and other applications that require clean and renewable energy. The global PV glass market is expected to grow at a compound annual growth rate (CAGR) of 14.3% from 2021 to 2025, reaching USD 84.14 billion by 20251.
The main factors driving the growth of the PV glass industry are:
· The increasing demand for solar energy across the world, especially in emerging markets such as China, India, and Brazil. Solar energy is a cost-effective and environmentally friendly alternative to fossil fuels, which can reduce greenhouse gas emissions and dependence on oil imports.
· The growing preference for BIPV, which integrates PV glass into the building envelope, such as windows, roofs, facades, and skylights. BIPV can enhance the aesthetic appeal and energy efficiency of buildings, as well as generate additional income for the owners through feed-in tariffs or net metering schemes.
· The technological advancements and innovations in PV glass, such as bifacial modules, transparent PV glass, and thin-film PV glass. These products can offer higher efficiency, durability, and versatility than conventional PV glass, and can be applied to various surfaces and shapes.
Photovoltaic (PV) glass is a type of glass that can convert sunlight into electricity. It is widely used in solar panels, building-integrated photovoltaics (BIPV), and other applications that require clean and renewable energy. The global PV glass market is expected to grow at a compound annual growth rate (CAGR) of 14.3% from 2021 to 2025, reaching USD 84.14 billion by 20251.
The main factors driving the growth of the PV glass industry are:
· The increasing demand for solar energy across the world, especially in emerging markets such as China, India, and Brazil. Solar energy is a cost-effective and environmentally friendly alternative to fossil fuels, which can reduce greenhouse gas emissions and dependence on oil imports.
· The growing preference for BIPV, which integrates PV glass into the building envelope, such as windows, roofs, facades, and skylights. BIPV can enhance the aesthetic appeal and energy efficiency of buildings, as well as generate additional income for the owners through feed-in tariffs or net metering schemes.
· The technological advancements and innovations in PV glass, such as bifacial modules, transparent PV glass, and thin-film PV glass. These products can offer higher efficiency, durability, and versatility than conventional PV glass, and can be applied to various surfaces and shapes.
