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Solar Control Glass Market Size to Cross $12,219 Million by 2030, Says P&S Intelligence
Commercial buildings dominated the industry, with an over 50% share, in the past. This is because of the rising industrialization rate leading to the construction of corporate spaces, commercial spaces, and industrial facilities.
Residential buildings follow the commercial ones in terms of revenue, owing to the burgeoning construction of housing units globally. The ability of this material to keep the interiors bright and, yet, stop the penetration of UV rays makes it a striking choice in new constructions and renovated buildings.
The implementation of supportive government guidelines helps in encouraging green building construction, for lowering the power consumption. Moreover, with the growth in the consumer consciousness regarding the harmful effects of HVAC systems on the environment, the demand for solar control glass is increasing.
Tempered glass sales will witness the highest growth rate, of over 9%, in the future. This would be due to the fact that this glass is easy to clean and has higher strength than many other variants. With six-times higher strength than the normal plate glass, the tempered alternative gives safety and strength.
Building-integrated photovoltaics are increasingly being employed in new buildings, instead of the conventional grid connections, as the main electrical power source. Thus, there is a tremendous potential in the industry because of the improvements in BIPV products, such as transparent, colored, and UV-control windows.
Hard-coated glass is integrated in the highest volumes as it helps in regulating the flow of energy, reducing the heat entering buildings, and keeping them cooler and brighter.
Buildings are accountable for 40% of the worldwide consumption of energy and 33% of the GHG emissions. Hence, nations are evolving their frameworks and policies for making buildings energy-efficient.
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
Prajneesh Kumar
P&S Intelligence
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