The latest report by Precision Business Insights, titled “Solar photovoltaic (PV) Glass Market” covers complete information on market size, share, growth, trends, segment analysis, key players, drivers, and restraints.
According to the latest report by Precision Business Insights (PBI), the solar photovoltaic (PV) glass market was valued at US$ 20,086 million in 2024 and is projected to grow at a CAGR of 5.3 % from 2025 to 2031. The market’s growth is primarily driven by rising global demand for renewable energy and continued investments in solar infrastructure. As governments and private players work to cut carbon emissions and achieve climate goals, solar energy adoption is accelerating, boosting the need for PV glass. Additionally, technological advancements such as bifacial modules and building-integrated photovoltaics (BIPV) are broadening the application scope of solar glass even further.
In 2024, global solar photovoltaic (PV) installed capacity reached approximately 2,213 GW, reflecting robust growth driven by increasing renewable energy adoption worldwide. To support this capacity, the demand for solar photovoltaic (PV) glass volumes stood at about 6,609.2 million square meters, highlighting the critical role of solar glass as a core material in module manufacturing. This surge in volumes is driven by large-scale solar projects, technological advancements like bifacial and building-integrated PV, and supportive policy frameworks in major markets such as China, India, and the United States. The strong alignment between rising installed capacity and solar glass demand underscores the importance of scaling glass production to meet future global solar deployment targets.
Based on the glass type, the market is segmented into the following:
Based on the end user, the market is segmented into the following:
Based on the end user, the residential sector holds a significant share in the solar photovoltaic (PV) glass market, driven by increasing rooftop solar installations across urban and suburban areas. Homeowners are adopting solar solutions to reduce electricity bills and gain energy independence, especially amid rising grid tariffs and power reliability issues. Governments around the world continue to support residential solar through tax incentives, rebates, and net-metering programs, making it a cost-effective investment for households.
Based on region, the market is segmented into the following:
Asia-Pacific accounts to have largest share of the Solar photovoltaic (PV) Glass Market, driven by significant solar deployments in countries like China, India, and Japan. China leads both global production and consumption of solar photovoltaic (PV) glass, supported by a strong domestic manufacturing base, favourable policies, and ambitious renewable energy targets. In just the first half of 2024, China added over 102 GW of new PV capacity, greatly boosting demand for solar photovoltaic (PV) glass. Meanwhile, India strengthens the region’s leadership through initiatives such as the Production Linked Incentive (PLI) scheme and its target of achieving 280 GW of solar power capacity by 2030.
The global Solar photovoltaic (PV) Glass market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.
Key players profiles in the solar photovoltaic (PV) glass market report are 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., Sisecam Flat Glass, PPG Industries, Inc., Guardian Industries