Europe Solar PV Glass Market: By Glass Type, End-User, and Country and forecast to 2030

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.

Europe Solar PV Glass Market Dynamics

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.

Europe Solar PV Glass Market Segmentation Analysis

Report Benchmarks

Details

By Glass Type

  • 2 mm
  • 2 mm

By End User

  • Residential
  • Commercial

By Country

  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030).
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory frameworks, and reimbursement scenarios.

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Frequently Asked Questions

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.

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Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

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

  • AGC Inc.
  • Nippon Sheet Glass Co., Ltd.
  • Xinyi Solar Holdings Ltd.
  • Saint-Gobain S.A.
  • Borosil Renewables Limited
  • Euroglas GmbH
  • Trina Solar Limited
  • Canadian Solar Inc.
  • JA Solar Holdings Co., Ltd.
  • JinkoSolar Holding Co., Ltd.
  • SunPower Corporation
  • Sisecam Flat Glass
  • PPG Industries, Inc.
  • Corning, Inc.
  • Guardian Industries

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