The North America Solar Photovoltaic Glass Market is projected to witness market growth of 26.9% CAGR during the forecast period (2024-2031).
The US market dominated the North America Solar Photovoltaic Glass Market, by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $13.94 billion by 2031. The Canada market is experiencing a CAGR of 29.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 28.6% during (2024 - 2031).
The market has emerged as a pivotal segment within the broader renewable energy sector, driven by the increasing emphasis on sustainable energy solutions. Solar energy, especially, has attracted a lot of attention because it is readily available in large quantities and has the potential to satisfy a large amount of the need for energy on a large scale.
The growth trajectory of the market is closely tied to the broader expansion of the solar energy sector. Technology advancements, favorable government policies, and growing public awareness of the environmental advantages of renewable energy have all contributed to the solar industry's remarkable expansion over the past decade.
In Mexico, solar energy deployment is increasing, with the government's Energy Transition Law playing a pivotal role. This law sets specific targets for renewable energy production, significantly impacting the market. The International Energy Agency (IEA) and local government reports indicate that Mexico's solar capacity is expanding, driven by utility-scale projects and distributed generation systems. These developments are crucial for Mexico's goal of achieving a substantial portion of its electricity generation from renewable sources by 2030. These trends across North America reflect a significant shift towards renewable energy, with solar PV playing a central role due to its decreasing costs and increasing policy support. This shift is expected to continue, with technological advancements and policy incentives driving further market growth.
The US market dominated the North America Solar Photovoltaic Glass Market, by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $13.94 billion by 2031. The Canada market is experiencing a CAGR of 29.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 28.6% during (2024 - 2031).
The market has emerged as a pivotal segment within the broader renewable energy sector, driven by the increasing emphasis on sustainable energy solutions. Solar energy, especially, has attracted a lot of attention because it is readily available in large quantities and has the potential to satisfy a large amount of the need for energy on a large scale.
The growth trajectory of the market is closely tied to the broader expansion of the solar energy sector. Technology advancements, favorable government policies, and growing public awareness of the environmental advantages of renewable energy have all contributed to the solar industry's remarkable expansion over the past decade.
In Mexico, solar energy deployment is increasing, with the government's Energy Transition Law playing a pivotal role. This law sets specific targets for renewable energy production, significantly impacting the market. The International Energy Agency (IEA) and local government reports indicate that Mexico's solar capacity is expanding, driven by utility-scale projects and distributed generation systems. These developments are crucial for Mexico's goal of achieving a substantial portion of its electricity generation from renewable sources by 2030. These trends across North America reflect a significant shift towards renewable energy, with solar PV playing a central role due to its decreasing costs and increasing policy support. This shift is expected to continue, with technological advancements and policy incentives driving further market growth.
List of Key Companies Profiled
- Trina Solar Co., Ltd.
- JA SOLAR Technology Co., Ltd.
- SHARP Corporation
- Guardian Industries Corporation (Koch Industries)
- AGC, Inc.
- Nippon Sheet Glass Co., Ltd.
- Brite Solar Inc.
- Saint-Gobain Group
- Shenzhen Topray Solar Co., Ltd.
- Onyx Solar Group LLC
Market Report Segmentation
By End-use- Utility-scale
- Residential
- Commercial
- Tempered Glass
- Anti-reflective Coated Glass
- TCO Glass
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. North America Solar Photovoltaic Glass Market, by End-use
Chapter 6. North America Solar Photovoltaic Glass Market, by Type
Chapter 7. North America Solar Photovoltaic Glass Market, by Country
Chapter 8. Company Profiles
Companies Mentioned
- Trina Solar Co., Ltd.
- JA SOLAR Technology Co., Ltd.
- SHARP Corporation
- Guardian Industries Corporation (Koch Industries)
- AGC, Inc.
- Nippon Sheet Glass Co., Ltd.
- Brite Solar Inc.
- Saint-Gobain Group
- Shenzhen Topray Solar Co., Ltd.
- Onyx Solar Group LLC
Methodology
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