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Europe Solar PV Glass Market: By Glass Type, End-User, and Country and forecast to 2030
Europe Solar PV Glass Market: By Glass Type, End-User, and Country 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
The UK's comprehensive energy transition strategy, known as Energiewende, aims to increase the use of renewable energy sources while reducing carbon emissions and phasing out nuclear power. To reach 65% renewable electricity by 2030 and become carbon neutral by 2050, the legislation establishes aggressive goals for the deployment of renewable energy, particularly solar PV. These objectives are supported by financial incentives, legal frameworks, and community participation programmes, which promote energy independence and sustainable economic growth. The UK government has proposed new planning regulations that make it easier for businesses and homeowners to put solar PV glass on their rooftops. These adjustments are meant to promote the use of solar energy, lower energy costs, and minimize harmful emissions. Over the past 20 years, Germany's solar PV capacity has increased steadily, making it the largest generator of solar electricity in Europe. For almost two decades, the nation has led the globe in the large-scale implementation of solar technology and has held the title of having the highest nominal solar power capacity. Moreover, in terms of developing rooftop solar policies and practices, France continues to rank among the best-performing nations, although deliverables still need to be met. The National Low Carbon Strategy and the Energy Programme Decree serve as the foundation for French photovoltaic (PV) policy.
The Europe solar PV glass market is segmented based on country into Germany, UK, France, Spain, Italy, and the Rest of Europe. Italy Solar PV Glass Market installed and glass consumed volume was accounted for 65.5 million Sq. mts in 2023 expected to grow at 3.5% during the forecast year. In February 2024, The Italian government announced that it will invest €90 million ($97 million) in Enel's Sicilian 3Sun solar photovoltaic panel manufacturing to strengthen its renewable energy sources and diminish its reliance on gas imports. With this investment, the factory's current 200MW annual output capacity will increase to 3GW by the end of 2024. Moreover, in France, there were 1.5 Mn Sq. Mt new installations at home took place and it was reached to 6.6 Mn Sq. Mt by 2023. The French government offers subsidies to certain solar photovoltaic market segments. In Germany, there were 7.9 Mn Sq. Mt of new installations of solar panels and 32.6 Mn Sq. Mt of installations in 2023 with residential rooftop installations driving the increase and creating jobs.
Latin America
Europe
Asia Pacific
Middle East
North America
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By Glass Type |
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By End User |
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The Europe solar PV glass market was valued at US$ 2,829.3 million in 2023 and is expected to grow at a 6.0% CAGR from 2024 to 2030.
AGC Inc., Nippon Sheet Glass Co., Ltd., Xinyi Solar Holdings Ltd., Saint-Gobain S.A., Borosil Renewables Limited, Euroglas GmbH, and Trina Solar Limited are some of the major players operating in Europe solar PV glass market.
Limitations on PV efficiency, geographic constraints, and lack of awareness are expected to limit the growth of the Europe solar PV glass market.
| 1.Executive Summary |
| 2. Europe Solar PV Glass Market Introduction |
| 2.1. Europe Solar PV Glass Market - Taxonomy |
| 2.2. Europe Solar PV Glass Market - Definitions |
| 2.2.1.Glass Type |
| 2.2.2. End User |
| 3. Europe Solar PV Glass Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Europe Solar PV Glass Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Europe Solar PV Glass Market By Glass Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. 2 mm |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. 2 mm |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Europe Solar PV Glass Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Residential |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Commercial |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Competition Landscape |
| 7.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 7.2.1.AGC Inc. |
| 7.2.2.Nippon Sheet Glass Co., Ltd. |
| 7.2.3.Xinyi Solar Holdings Ltd. |
| 7.2.4.Saint-Gobain S.A. |
| 7.2.5.Borosil Renewables Limited |
| 7.2.6.Euroglas GmbH |
| 7.2.7.Trina Solar Limited |
| 7.2.8.Canadian Solar Inc. |
| 7.2.9.JA Solar Holdings Co., Ltd. |
| 7.2.10.JinkoSolar Holding Co., Ltd. |
| 7.2.11.SunPower Corporation |
| 7.2.7.Sisecam Flat Glass |
| 7.2.8.PPG Industries, Inc. |
| 7.2.9.Corning, Inc. |
| 7.2.15.Guardian Industries |
| 8. Research Methodology |
| 9. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.