Solar PV Glass Market Growth | Demand Analysis & Opportunity Outlook 2030

The global solar PV glass market is estimated to grow at a high CAGR of ~30% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the growing adoption of solar energy, and advancement in technology. Solar photovoltaic glass is made up of small photovoltaic cells, which are also used in solar panels. These PV cells or solar cells use solar energy to create electricity. The initiative to go green by various government and non-government organizations is estimated to act as the primary growth driver for the market. According to the International Energy Agency (IEA), solar power generation crossed 720 TWh in 2019, registering a growth of 22%. The growing adoption of solar PV glasses over solar panels in residential as well as commercial building is estimated to boost the market growth. These glasses are used to cover outer walls, roofs, and façade areas to maximize the production of electricity from solar energy. Furthermore, rising government initiatives to promote the use of solar energy is estimated to drive the market growth.

The market is segmented by end-user into residential, commercial, utility-scale, and others, out of which, the commercial segment is anticipated to hold the largest share in the global solar PV glass market over the forecast period on account of growing installation of solar PV glass in commercial buildings, backed by the growing environmental awareness amongst people. A majority of private and corporate companies are adopting solar PV glasses, which is estimated to boost the segment growth.

In 2018, the world’s total energy supply was 14282 Mtoe, wherein the highest share in terms of source was captured by oil, accounting for 31.6%, followed by coal (26.9%), natural gas (22.8%), biofuels and waste (9.3%), nuclear (4.9%), hydro (2.5%), and other (2.0%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 2.5% in the first quarter of 2020 due to the outbreak of Coronavirus resulting in government imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth.

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This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.

On the basis of geographical analysis, the global solar PV glass market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of growing adoption of solar energy in the region, and presence of numerous sky-scrappers in developed parts of Japan, China, Singapore, India, Korea, and others.

The market in the North America region is estimated to witness significant CAGR over the forecast period owing to the technological advancement, growing public awareness, and growing government investment in renewable energy sources. Moreover, increasing adoption of advanced technology is anticipated to boost the regional market growth. According to the data by IEA, in the United States 13.2 GW of solar PV were installed in 2019, which was 25% higher than 2018.

3 Things to Know Before Creating a Product Or You Will Fail

Often times, when people think of an idea that they believe is great. They often start creating the product or service right then and there in their mind.

They think to themselves, “Oh this product is going to make so much money”. Often you can get stuck for months even years, locked up in a garage or on the computer creating a product from what you thought was a million dollar idea.

People do this wasting all this time and efforts. Once the product launches, they hold there breath. They wait and pray for the product to have great sales, making them mad profits.

Often times the product fails. And this is the end of the line for them. They tell themselves, “I tried, and failed… this business stuff is harder then I thought”

Most people stop after their first failure. This is sad, because they could of done a better job at the beginning to better insure the success of their products.

Top 3 aspects of Product Creation at the start are:

1) Market Research. This is the most important step of product creation. Remember that you are not making the product for yourself. Though it is a good thing that you need the product you are creating too, it is not you who determines the success of the product.

Remember that you are creating the product for the customer. There have to be people with the problem and that are willing to spend money for a way to relieve that problem.

There have to be a big enough market out there for you to make a living off of. Your product can’t be too specific, and it can’t be too broad either.

2) Do competitive analysis for your product or service. Who are you competing with? How is your product or service better then theirs?

People often think that because they have “no competition” that, this is a good thing. When it can’t be further from the truth.

Having no competition, often times, is a very very bad thing. It means there are no market for your product or service.

It’s important to create a product or service that have competition, therefore insuring you that there is a market.

Though, just like your niche market, try not to have too many competition. Again try to find a market that has competition, but isn’t swimming with them.

3) Make money in the niche, before you create the product. Often times product creation is the most time consuming part (or at least the most time consuming in the beginning) of the whole business process.

Wouldn’t it be nice to insure your product’s success before actually creating the product? There is such a way.

You can launch the product, before the product is created. Simply by making the sales letter first, and seeing if anyone is willing to buy.

Info Marketing Mistake – Selling a Product That Isn’t Yet Fully Developed

This one tends to be a bigger problem for the platform speaker from what I’ve seen, than for anyone else. It can certainly be true of any information marketer, but here’s what I’ve seen happen frequently from platform speakers.

They get the audience stirred up (in a good way), and folks are rushing to the sales table to order Speaker X’s package. But the package includes some component(s) that aren’t yet fully developed. According to the presentation, things will be ready to go within just a couple weeks.

But, invariably, two weeks turns into a month. Then, a month turns into two months. You get the picture. Now people are getting antsy, and refund requests begin to pour in. It’s not a pretty sight.

The solution – make sure you don’t sell a product from the stage that isn’t yet fully developed. If you absolutely must deliver a presentation where you’re selling something that isn’t completed, you had better at least make sure you have some component (either physical or digital) that can be delivered to the purchasers quickly to keep them happy until the remainder of the product is ready.

How does this apply to you if you’re not a platform speaker? Pretty much the same way. If you’re planning a specific launch date for your information product, work the dates backwards to determine when all the product development work needs to be completed.

If you think it’s going to take a week to edit your audio or video, then you need to allot two to three weeks in your schedule. If you think it’s going to take 10 days to finish up the writing of the manual, you had better plan on 20 or more.

We see it time and time again. Information marketers who don’t plan properly who are scrambling at the last minute to get things to their fulfillment house to produce the product. This can mean delayed deliveries and rush charges for jobs, neither of which is a desirable thing.

Whether you speak from the stage or not, be sure your product is ready to deliver when you’re ready to sell it. Communication with your customers is critical. If you manage their expectations proactively, then you can minimize the potential harm from not having a product ready to go. But the keyword here is “proactively.” Better to just make sure it’s done so you don’t have to worry about it.