Nippon Sheet Glass Co., Ltd. (Japan) and Borosil Renewables Ltd. (India) are Leading Players of the Solar Photovoltaic Glass Market
The solar photovoltaic glass market is projected to grow from USD 6.2 billion in 2022 to USD 21.1 billion by 2027, at a CAGR of 27.9% from 2022 to 2027. The growth of the market is driven by the increasing demand from various applications in utility, residential and non-residential.
Companies such as Xinyi Solar Holdings Ltd. (China), IRICO Group New Energy Co., Ltd. (China), Flat Glass Group Co., Ltd (China), Qingdao Jinxin Glass Co., Ltd. (China), and Dongguan CSG Solar Glass Co., Ltd. (China) fall under the winners’ category. These are leading players in the solar PV glass market, globally. These players have adopted the strategies of agreement, acquisitions, contracts and partnership to fulfil the rising demand for solar PV glass on the regional as well as global levels.
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Nippon Sheet Glass Co., Ltd. operates in 28 countries and has sales in 130 countries around the globe. The company manufactures various range of solar glass products which includes float glass and TCO glass. Nippon Sheet Glass Co., Ltd. operates in four major businesses such as architectural, automotive, technical glass and others. In August 2022, Nippon Sheet Glass Co., Ltd. has made an announcement to increase its production capacity of TCO glass by investing in its Malaysia plant.
Sisecam Flat Glass is one of the leading manufacturers of solar PV glass in turkey. The company has operations in America, Europe, Middle East & Africa, and Asia region. The company manufactures tempered PV glass for PV modules and solar thermal collector. In August 2021, Sisecam Flat Glass has launched new product Sisecam Tentesol in Indian market which is a reflective solar control glass.
Borosil Renewables Ltd. is the first company in India to manufacture solar glass. The company manufacture high performance solar glass for various applications. In April 2022, Borosil Renewables Ltd acquired 100 % capital share of two solar glass manufacturing companies which are Interfloat Corporation and Glasmanufaktur Brandenburg (GMB).
Related Reports:
Solar Photovoltaic Glass Market by Type (AR-Coated, Tempered, TCO-Coated), Application, End User (Crystalline Silicon PV Module, Thin Film Module, Perovskite Module), Installation Technology & Region - Global Forecast to 2027
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