Clean and Far-Reaching Energy: The Key Growth Driver to Photovoltaic Glass Market
Published On : Sep 04, 2020
The potential of photovoltaic cells is untapped in several economies (developing economies, in particular). Growing investments in unleashing this potential are expected to result in arithmetic progression on the part of photovoltaic glass market between 2020 and 2030. Also, developed economies like the US have reduced the new PV plants’ levelized costs, which could be credited to ITC (Investment Tax Credit) policy incorporated. This measure is expected to boost the photovoltaic glass market in North America.
At the global level, strict regulations and policies regarding “clean energy adoption” along with laws pertaining to curbing greenhouse gas emissions are likely to drive the photovoltaic glass market. There are other factors like governments granting subsidies to the organizations dealing with photovoltaic glass. The UK and People’s Republic of China are witnessing the aftereffects of these subsidiaries in the form of solar power technology deployment price anticipated to decrease by close to 4% every single year.
Developing Off-Grid Electricity Systems on the Anvil?
It is a known fact that more than 1 Mn people across the globe do not have an access to electricity. This calls for off-grid technology, especially in the developing economies worldwide. The off-grid electricity systems encompass providing basic heating and lighting services to the remote corners where it would be impossible to have grid connections. Many countries in the Southeast Asian belt are leveraging the small-scale technology applications’ potential for making electricity available in remote village areas.
For instance – The Nigerian Ministry of Power, since Aug 2020, started accepting bids for building 7 off-grid photovoltaic projects to provide access to energy in the arid regions. Around the same time, the EIB (European Investment Bank) announced provision US$12.5 Mn to Fenix International for accelerating installations all across off-grid solar systems in Uganda. In India, the state government of Uttar Pradesh did float tenders for the off-grid solar products.
All the above-mentioned progressions are expected to set the exponentiation for the photovoltaic glass market going forward.
Photovoltaic Glass Residue Likely to Stall the Environment
With the prevailing trends, the capacity of photovoltaic panels is expected to cross 4,500 GW by the year 2050. However, the waste churned out of photovoltaic glass has got the manufacturers thinking – as to how to dispose it off. One of the solutions could be recycling of outdated photovoltaic panels for producing new panels. Till it gets incorporated on the universal count, these environmental hazards are inevitable.
Though the ongoing pandemic has slowed down the supply of raw materials for making photovoltaic glass, the year 2021 and thereafter will witness normalcy. This normalcy will help in fighting against the pandemic, as caring for those infected would be pretty simpler with power supply by their side.
Pattern Technology to Create Ripples
Pattern technology is catching up as it renders better aesthetics, simple laminations, and desired degree of transparency. Impressed patterns and non-smooth surface paves the way for its adoption amongst CIGS and crystalline photovoltaic modules. Pattern technology is, as such, expected to overpower the float solar photovoltaic glass. Though the consumers have been enjoying cost-effectiveness, architectural applications, uniform thickness herein, the better “look and feel” with pattern technology is unmatched.
Consumers to Vie for Toughness
As of now, it’s annealed solar photovoltaic glass doing the rounds. The positives like easy availability and cost-effectiveness could be reasoned with. However, the products aren ‘t heat strengthened. Though easy edging, cutting, polishing, machining of glass is delivered on panels smoothly, a robust alternative is required. This asks for tempered/toughened solar photovoltaic glass. The effective safety edge coupled with high resistance help them stand out from their counterparts. These products also provide better tolerance against thermal stress breakage and higher mechanical strength.
The “Crystalline” Inclination
As far as end-users are concerned, crystalline silicon module is expected to lead the photovoltaic glass market. The uncomplicated manufacturing processes coupled with higher efficiency drive the demand. These crystalline modules are manufactured using low pattern and iron float glasses. People are also trying out thin film CIGS/CIS module with the objective to improve efficiency index.
“Chile” not “Chilled” Anymore
The Latin American market is expected to be a forerunner in the photovoltaic glass market between 2020 and 2030. This could be attributed to “Chile” increasingly investing in installation of PV modules therein. Chile, is, in fact, bound to witness a double-digit CAGR in the forecast period. Along these lines, Sonnedix received environmental approval for building its 191.93 MWp Meseta de los Andes photovoltaic in Valparaiso.
The global photovoltaic glass market is expected to witness a CAGR of 26.1% between 2020 and 2030.
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