Report Description
Photovoltaic glass (PV glass) refers to a technology that enables the conversion of light into electricity. It is a typical glass with
integrated solar cells that transform solar energy into electricity, generating power within the facade and roof of a building. These solar
cells are embedded between two glass panes filled with special resin, securely wrapping them on all sides. Both individual cells have
two electric connections which are linked to other cells in the module to form a system that generates direct electric current.
Polycrystalline solar cells are mostly blue or opaque. They are made from poured silicon blocks and thereby inexpensive; however,
they exhibit lower efficiency.
They are typically classified into three types: mono-crystalline, multi-crystalline, and amorphous. Mono-crystalline solar cells are blue
or black, opaque, and highly efficient. They are made from silicon crystals through a complicated manufacturing process. Amorphous
solar cells are non-crystalline in nature, transparent, and can be used as window glazing in regular windows and sunspaces. They can
also be integrated into roofs. Transparent modules can also be a part of energy-efficient glazing, wherein they are used instead of
regular glass.
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Increasing awareness about renewable energy and the rising demand for electricity have boosted the need for photovoltaic transparent
glass. The electricity thus generated is expected to play a significant role in addressing the electricity-related issues in remote areas.
The technology is anticipated to help electrify remote places where the supply of electricity is scarce. The integration of photovoltaic
transparent glass systems with the automotive technology is likely to boost the efficiency of automobiles.
In terms of region, the global photovoltaic transparent glass market has been distributed over North America, Asia Pacific, Middle
East & Africa, Europe, and Latin America. Europe dominated the global photovoltaic transparent glass market in 2016. Germany has
been leading the region on account of its multiple photovoltaic glass installations. The global photovoltaic transparent glass market has
been expanding at a significant rate for the last few years due to high government subsidies available in several countries. Asia Pacific
is likely to expand due to the development of the renewable energy sector in the region. It is projected to be a rapidly expanding
market for photovoltaic transparent glass during the forecast period. Latin America is also likely to expand substantially during the
forecast period. The U.S. held a significant share in the photovoltaic transparent glass market in North America in 2016. The country
is estimated to dominate the market in the region in the near future.
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