North America Solar PV Glass Market: By Glass Type (3.2 mm, 2 mm), By End-User (Residential, Commercial), and Country (USA, Canada) Forecast to 2030

North America Solar PV Glass Market installed and glass consumed volume accounted for 418.9 million Sq. mts in 2023 and projected to grow at 7.2% CAGR over the forecast years 2024 – 2030. and 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 North America 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 North America solar PV module installation volume. Moreover, technological advancements are revolutionizing the North America 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.

According to Mercom Capital Group, the top ten utility-scale solar developers accounted for 145 GW of projects between July 2022 and June 2023, with Total Energies leading at 41.3 GW capacity. Despite challenges like supply chain limitations and permitting obstacles, government support initiatives are expected to transform the North America 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. The U.S. Department of Energy notes that a significant portion of sunlight is lost during the conversion process. Manufacturing costs and material availability remain challenges. Emerging trends include advances in silicon photovoltaic technology, which dominates over 90% of the North America solar PV glass market.

North America Solar PV Glass Market Key Developments:

• In July 2024, SolarEdge Technologies, a provider of inverters, module-level power electronics, battery energy storage, and other related technologies, announced it has been selected by Rutgers University to support the research of dual-use agrivoltaics.
• In mid-March 2024, Canada’s Silfab Solar, a high-efficiency module manufacturer with plans to expand into South Carolina, said it would source glass from US-based PV panel recycler Solarcycle. Solarcycle is planning a $344 million solar glass fab in the US state of Georgia, supplied by recycled panel materials.