COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.
Rising demand for solar products for residential purposes is expected to drive the growth of solar technology market during the forecast period. This has resulted some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities. Rising use of solar glass for all kinds of residential and commercial buildings that include high rises, warehouses, hotels, etc., is a factor which is expected to drive the solar glass market. Solar glass is often put in place of regular glazed windows or within the building’s facade or as a curtain wall. Solar glass windows are double glazed, have high strength, are sturdy, and clear. For each 10 sq. meters of glass, the building will manufacture roughly 1 kW of power.
The growth of the construction sector, significantly rising economies, and technological advancements in the solar glass will fuel the growth of the market. Fluctuating raw material prices is projected to hamper the market growth. The popularity of solar glass as an inexperienced technology and the demand for solar enclose for the reduction of greenhouse gas emissions are expected to offer tremendous growth opportunities for the manufacturers of solar glass.
Key Factors Impacting Market Growth:
Regional Outlook:
The regional outlook for solar technology market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for solar technology market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of solar technology market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on.
Asia Pacific is estimated one of the fastest growing regions for solar technology market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.
Companies Covered: Xinyi Solar, FLAT, CSG, Trakya, Topray Solar, Interfloat, NSG, Taiwan Glass, AVIC Sanxin, Anci Hi-Tech, Almaden, Irico Group, Huamei Solar Glass, Saint-Gobain, AGC, Guardian, Xiuqiang, and Yuhua
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