Technavio expects global solar control glass market to reach over $4.5 billion by 2020

Renewable energy

 

This market research report presents the segmentation of the global solar control glass market by application (commercial, residential, and automotive) and by geography (Americas, APAC, and EMEA). The key vendors analyzed in this market analysis report are Saint-Gobain, AGC, and NSG.

Technavio has released a new market research report on the global solar control glass market, which is expected to grow at a CAGR of 9% between 2015 and 2019. The tremendous growth in the building integrated photovoltaics (BIPV) market, due to the rising awareness towards carbon emissions globally is driving the growth of the solar control glass market. EMEA accounts for 43% of the total market share, owing to the stringent regulations in the region towards fighting climatic changes.

The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.

“Of late, the solar control glasses have found way in various newer applications, apart from buildings and automotive segments. The new developments in the product include high strain point glass, ARC glass, and TCO coated glass, which can also be used in conservatories, glass walkways, skylights, and for household purposes for the efficient saving of energy combined with other uses such as noise control,” says Debasish Nayak, Lead Analyst, Chemicals & Materials, Technavio Research.

According to EU, the solar control glass technology can help in the reduction of carbon dioxide emissions by around 15 million tons in Europe in a year. The advancements would assist in saving energy as it would reduce the loads on the air-conditioning systems. For instance, the Romag PVB technology filters around 99% of the harmful UV rays and selectively reduces unwanted heat gain.

The leading vendors in the global solar control glass market include Saint-Gobain, AGC, and NSG. These three vendors dominate the global solar control glass market, accounting for a combined market share of around 50%. However, the market structure has been disrupted by the entry of small and medium-scale companies that produce solar control using various technologies and sell them at competitive prices.

A more detailed analysis is available in the Technavio report, Global Solar Control Glass Market 2015-2019.

We can customize reports by other regions and specific segments upon request.

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