The North America Solar Photovoltaic Glass Market would 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 would continue to be a dominant market till 2031; thereby, achieving a market value of $13,946 Million 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.
Free Valuable Insights: The Solar Photovoltaic Glass Market is Predict to reach USD 84.8 Billion by 2031, at a CAGR of 27.9%
Based on End-use, the market is segmented into Utility-scale, Residential, and Commercial. Based on Type, the market is segmented into Tempered Glass, Anti-reflective Coated Glass, TCO Glass, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By End-use
By Type
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 