Europe Solar PV Glass Market: By Glass Type (3.2 mm, 2 mm), End-User (Residential, Commercial), and Country (Germany, UK, France, Spain, Italy, Rest of Europe) and forecast to 2030

Europe Solar PV Glass Market installed and glass consumed volume accounted for 775.6 million Sq. mts in 2023 and projected to grow at 8.6% CAGR over the forecast years 2024 – 2030. Solar photovoltaic (PV) glass is a type of glass that converts solar energy into electricity using solar cells. It is installed on the roofs or facades of buildings to generate enough energy to power the entire structure. An increase in the demand for solar PV installation in Europe countries coupled with a decrease in PV module prices, and a rise in rooftop solar installation demand, particularly from the residential sector are a few factors burgeoning the Europe solar PV module installation volume.

Moreover, technological advancements are revolutionizing the Europe solar PV glass market, enhancing efficiency and affordability. Innovations in panel designs, energy storage, and smart grid technologies are making solar power more accessible and reliable. The integration of AI and machine learning is optimizing energy production and reducing costs. In November 2023, perovskite tandem solar cells set a new world record for efficiency, surpassing the previous record set just months earlier. Solar PV installations and other renewable energy projects are heavily supported financially by the KfW (Kreditanstalt für Wiederaufbau) Bank. Homes, companies, and municipalities that engage in renewable energy technologies can take advantage of low-interest loans and grants from programmes like the KfW Renewable Energy Programme. For example, in 2021, KfW committed EUR 1.65 billion for solar PV and other renewable energy projects, supporting energy security and assisting the UK in keeping its position as a leader in the deployment of renewable energy.

Despite challenges like supply chain limitations and permitting obstacles are expected to transform the Europe solar PV glass Market. M&A activity is predicted to increase significantly in 2024. Researchers have made progress with multi-junction PV cells, achieving efficiencies of over 45%. Bifacial solar panels, which capture light on both sides, show 30-40% higher efficiency when combined with sun-tracking technology. Agrivoltaics, integrating solar panels with farmland, addresses land-use conflicts and can increase farm yields. However, limitations on PV efficiency, geographic constraints, and lack of awareness hinder adoption. Italy provides tax incentives for small PV plants up to 20 kW and storage systems, including the Superbonus 110%, which was implemented in 2020. This strategy encourages building energy efficiency upgrades and PV installations, as long as they are combined with energy efficiency improvements

Europe Solar PV Glass Market Key Developments:

• In July 2024, Italian Serie A football club Udinese Calcio and clean energy company Bluenergy Group have started constructing a 1.1 MW PV system on the Friuli stadium in Udine, northern Italy.
• In July 2024, the Ministry of Agriculture, Livestock and Sustainable Development of Extremadura has launched a tender, consisting of three lots, for the installation of self-consumption photovoltaic energy in several centers of the Environmental Equipment Network. The total budget for the project is 322,631 euros.