Solar PV Glass Market Size

Solar PV Glass Market size was valued at USD 20.17 billion in 2023 and is likely to reach USD 541.52 billion by the end of 2036, expanding at around 28.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of solar PV glass is assessed at USD 24.82 billion.

The growth of the market can be attributed to the growing adoption of solar energy, and advancement in technology. Solar photovoltaic glass is made up of small photovoltaic cells, which are also used in solar panels. These PV cells or solar cells use solar energy to create electricity. The initiative to go green by various government and non-government organizations is estimated to act as the primary growth driver for the market. According to the International Energy Agency (IEA), solar power generation crossed 720 TWh in 2019, registering a growth of 22%. The growing adoption of solar PV glasses over solar panels in residential as well as commercial building is estimated to boost the market growth. These glasses are used to cover outer walls, roofs, and façade areas to maximize the production of electricity from solar energy. Furthermore, rising government initiatives to promote the use of solar energy is estimated to drive the market growth.