NEW YORK, May 09, 2019 (GLOBE NEWSWIRE) -- The demand for Solar Control Glass market is projected to reach 9,012.2 million USD by 2024, actuating at an estimated CAGR of 6.92% from 2019 to 2024. Growing use of glass in modern residential and commercial buildings coupled with rising disposable income have resulted in a more dynamic usage of solar control glass across construction and automotive market. Continuous efforts and initiatives are being carried out globally towards building a sustainable greener economy. Increasing awareness regarding climatic changes and advances in technology has forced manufacturers to come up with other applications for solar control glass. These applications include conservatories, glass walkways, skylights, and atria. Continuous efforts and initiatives are being carried out globally towards building a sustainable greener economy. Subsidies by various governments such as FIT programs, investment tax credit, and other tax benefit schemes promotes the growth of Solar PV market over the globe. These all driving factor tends to propel the demand for Solar Control Glasss and holds significant market opportunity for the players operating in the market.
Key findings from the report:
• The global Solar Control Glass market is expected to reach 9,012.23 USD million by 2024 at a CAGR of 6.92%
• Based on Application:
- Usage of Solar control glass in commercial building is accounted to hold majority share of the market
• Based on Type:
- Float glass has emerged as most used solar control glass and hold majority share of the Solar Control Glass market
• Based on Region
- Europe held the majority of the share of the global market in 2018. Asia-Pacific is expected to exhibit high CAGR over the forecast period
• Some of the key companies operating in the market include Saint Gobain, AGC Glass, Arcon, Euroglas GmbH, Asahi Glass Co. Ltd, Nippon Sheet Glass(Pilkington), Guardian Industries, Cardinal Glass Industries, CSG Architectural Glass among others
Building-integrated photovoltaics (BIPV) promoting growth of the Solar control glass market
BIPV are materials that are largely used in the construction of new buildings as the major source of electrical power, rather than traditional building materials. They are used in a lot of applications such as vertical and horizontal surfaces, which helps ingenerating solar energy in wider areas. Moreover, the marginal additional cost of the installation of BIPV makes the market the fastest growing segment of the PV industry. In addition, the recent innovations and advances in BIPV products such as colored, transparent, and insulated BIPV windows will further create opportunities in the market. The huge growth in the BIPV market will create opportunities in the solar control glass market owing to the rising awareness toward carbon emissions globally.
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Regional Insight
Europe represented the largest Solar Control Glass market across the globe in 2018. The distinct governments and organizations in Europe are initiating schemes to actively promote and encourage the adoption of green buildings. Moreover, the focus of the government on reducing carbon emission is also creating ample opportunities for the growth of the European solar control glass market. This in turn has propelled the growth of the Solar Control Glass market in the region. North America is the second largest market in the global solar control glass market. The key factor driving the the growth of the solar control glass market in the region include increasing demand for eco-friendly and energy efficient buildings, and good economic return. The Asia-Pacific solar control glass market is expected to witness the fastest growth during forecast period. Rapidly growing construction industry in the region coupled with environmental regulations and high energy demand offers ample of opportunity for the growth if Solar Control Glass market. Countries such as China, Japan and India are at the forefront and represent key market in the region.
The report segments global Solar Control Glass market on the basis of type , application, coating method, nature and region.
Solar Control Glass Market, By Type
- float glass
- tempered glass
- laminated glass
- printed tempered glass
- heat strengthened glass
- Others
Solar Control Glass Market, By Application
- Commercial building
- Residential building
- Automotive
- Others
Solar Control Glass Market, By Coating Method
- Hard Coated
- Soft Coated
Solar Control Glass Market, By Nature
- Electrochromic
- Photochromic
- Gasochromic
- Others
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