Global solar photovoltaic glass market will reach 18.48 billion US dollars in 2022

Recently, foreign market research company marketsandmarkets released a latest report. It is estimated that in 2017, the global solar energy (000591) photovoltaic glass market will reach 4.38 billion US dollars, and is expected to grow to 18.48 billion US dollars by 2022, with a compound annual growth rate of 33.4%. . Renewable energy use in residential, non-residential and public institutions will drive growth in the solar photovoltaic glass market between 2017 and 2022.

In practical applications, the solar photovoltaic glass market of public institutions is expected to grow the fastest during 2017-2022. The growth of the solar PV market in public institutions is mainly attributable to the installation of solar power plants in large-scale public institutions around the world. In 2016, the Asia-Pacific region dominated the solar photovoltaic glass market of public institutions. Its main driving force is government encouragement and policy support.

China, India, Japan and South Korea are key countries in the Asia-Pacific region where demand for solar photovoltaic glass is strong. The solar photovoltaic glass market in the Asia Pacific region is expected to grow significantly during the forecast period due to rising demand for solar energy and actions taken by governments in the Asia Pacific region to reduce greenhouse gas emissions. The report also predicts that in 2017-2022, ar coating will achieve the highest compound annual growth rate in the solar photovoltaic glass market.