The global solar control glass market is expected to grow at a significant rate during 2016-2022. The increased government initiatives and tax benefits, growing construction of residential and non-residential buildings, huge growth in the building-integrated photovoltaic (BIPV) market are driving the growth of the global solar control glass market.
Solar control glass is widely used in the commercial and residential buildings. Among the various applications, the commercial building segment dominated the global market, and it is anticipated to retain its dominance during the forecast period. However, the increasing awareness regarding climatic change and advancement in technology has forced manufacturers to introduce various other applications of solar control glass. These applications include conservatories, glass walkways, skylights, and atria. The tremendous growth in the BIPV market is expected to create opportunities in the solar control glass market, owing to the surging global awareness about carbon emissions. BIPV are materials that are largely used in the construction of new buildings as the major source of electrical power, rather than the conventional building materials. They are used in various applications such as vertical and horizontal surfaces, which help in generating solar energy in wider areas. Moreover, the marginal additional cost of the installation of BIPV has made it the fastest growing segment in the PV industry. In addition, the recent innovation and advancement in BIPV products such as colored, transparent, and insulated BIPV windows will further create opportunities in the market.
Source : www.psmarketresearch.com
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