According to the research report titled ‘Global Photovoltaic Transparent Glass Market Size study with COVID Impact, By Product (Annealed, Toughened/tempered) By Technology (Float, Pattern) By End-Use (Crystalline silicon module, Amorphous silicon / CdTe module, Thin-film CIS / CIGS module) By Application (Residential, Non-residential, Utilities) and Regional Forecasts 2020-2027’, available with Market Study Report, global photovoltaic transparent glass market amassed revenues worth USD 5.9 billion in the year 2019 and is expected to grow with a CAGR of 30.3% between 2020 and 2027.
 

Increasing awareness pertaining to adoption of renewable sources of energy in tandem with growing electricity demand are major factors driving the growth of global photovoltaic transparent glass industry. According to the study published by UNEP (United Nations Environment Program), worldwide investments towards developing renewable energy capacity reached USD 2.6 trillion in the year 2019.
 

For the record, photovoltaic (PV) transparent glass is integrated with solar cells which converts solar energy into electrically. It is used for generating power within a building’s façade or roof. The construction of solar cells involves two glass panels with special resin filled in between
 

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Growing adoption of the product in order to provide electricity in remote areas is further aiding the market expansion. Rising incorporation of photovoltaic transparent glass with automotive technology is also stimulating the industry outlook. However, high technological costs and changing environmental conditions may hamper the industry remuneration.
 

Regionally, Europe accounted for the largest share in the overall photovoltaic transparent glass market in the past year and is expected to register consistent growth during the forecast duration. Rising deployment of photovoltaic glass in Germany along with favorable government subsidies are promoting the business scenario in Europe.
 

Meanwhile, Asia-Pacific is predicted to emerge as a major revenue generator for worldwide photovoltaic transparent glass industry by the year 2026. The growth is primarily attributed to evolving renewable energy sector in the region. Latin America market is also anticipated to showcase high CAGR through 2026.
 

CSG International Corp., Xinyi Solar Holdings Ltd., Compagnie de Saint-Gobain S.A., Almaden Inc., Trakya, Topray Solar, Changzhou Huamei Photoelectric New Material Co. Ltd., Interfloat Corp., NSG Group, Taiwan Glass Group, IRICO Group Company Limited, AVIC Sanxin Co. Ltd., Guardian Glass, PPG Industries Inc., Henan Yuhua New Material Co. Ltd., Jiangsu Xiuqiang Glasswork Co. Ltd., and AGC Inc. are the major competitors in global photovoltaic transparent glass industry.