The Surge in Solar Panels and Photovoltaic Glass Demand
Discover why the demand for solar panels and photovoltaic glass is skyrocketing. Read more to understand the driving factors and future prospects.
An update on the project in August 2023 noted that the expansion of solar panel manufacturers in the North American market represented “an additional 29 [gigawatts] of potential incremental demand for patterned solar glass and brings [CPS's] current estimate of market demand to over 100 GW by 2027.”
Competitive strategies range from Chinese producers expanding commodity capacity to Western incumbents investing in circularity, low-carbon furnaces, and specialty coatings. These shifts together position the solar photovoltaic glass market for resilient growth throughout the decade.
Manufacturers now compete on scale, logistics efficiency, and coating innovation to defend profitability in the solar photovoltaic glass market. Cumulative solar capacity reached 1.6 TWdc in 2023, up 89% on 2022, while building-integrated photovoltaics (BIPV) gained momentum.
Weidner says glass for solar panels is now a significant sector of the raw glass market, joining the commercial/architectural, residential and automotive segments. To demonstrate the sector's rapid growth, demand for glass from the solar panel market has risen from 0% five years ago to 5% of the market in 2023, says Weidner.
PDF version includes complete article with source references. Suitable for printing and offline reading.
Download detailed specifications, case studies, and technical data sheets for our ESS containers and containerized PV systems.
15 Rue des Énergies Renouvelables
Paris 75015, France
+33 1 84 83 72 76
Monday - Friday: 8:30 AM - 6:30 PM CET