The solar cover glass market is set to expand significantly, reaching USD 4.27 billion by 2028 at a CAGR of 10.24%. This growth is attributed to prominent companies like AGC Inc., Borosil Ltd., and Central Glass Co. Ltd.
Fragmented Market Landscape
The solar cover glass market exhibits fragmentation due to the presence of global and regional players. Notable contributors include AGC Inc., Borosil Ltd., Central Glass Co. Ltd., and others.
Key Offerings by Companies
AGC Inc. is a key player, offering solar cover glass variants like ultra-low iron solar float glass and ultra-durable solar glass through its subsidiary AGC Glass Europe SA.
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Geographical Market Segmentation
Geographically, the market is classified into APAC, Europe, North America, Middle East and Africa, and South America. APAC is projected to contribute 62% to the global market growth, with China, India, South Korea, and Japan leading the way.
Impactful Drivers, Trends, and Challenges
The rise in solar PV installations acts as a significant driver, while the trend of deploying microgrids gains momentum. However, the market faces challenges from competition with alternative energy sources.
Market Segmentation by Application
The market segments into utility, commercial, and residential applications. The utility segment is anticipated to witness substantial growth, driven by the frequent need for solar cover glass in large-scale installations.
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Related Market Reports
In addition to the solar cover glass market, the glass market is expected to grow to USD 99.26 billion, and the cellular glass market is projected to reach USD 129.7 million between 2022 and 2028.
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Source：prnewswire.com
