The increasing provision of government subsidies, tax benefit schemes, and investment tax credits and the implementation of FIT programs in several countries are positively impacting the demand for solar control glass across the world. Moreover, the enactment of favorable government policies and laws such as tax reliefs to construction companies and the provision of 100% FDI for infrastructural development projects are boosting the sales of solar control glass in emerging economies such as India.
In addition to the above-mentioned factors, the rapid construction of residential and non-residential buildings in various countries, on account of the increasing urbanization and industrialization rates, is also propelling the demand for solar control glass around the world, which is, in turn, driving the advancement of the global solar control glass market. Solar control glass contains a coating that directly reflects a significant portion of the sunlight falling on it, thereby reducing the amount of heat entering a building.
This makes the indoor spaces and interiors cooler and brighter. The mushrooming utilization of glass in modern buildings and automobiles is pushing up the requirement for solar control glass in automotive and residential sectors. This is fueling the expansion of the global solar control glass market. Commercial buildings, residential buildings, and the automotive sector are the major application areas of solar control glass. Amongst these, the requirement for this material was the highest in commercial buildings in the past.
Moreover, this trend is predicted to continue in the coming years as well. This is because of the ballooning usage of solar control glass in glass walkways, conservatories, atria, and skylights. The rising usage of building-integrated photovoltaic (BIPV) materials in the construction of buildings and the rapid advancements being made in BIPV materials such as colored, transparent, and insulated are creating lucrative growth opportunities for the solar control glass producing companies all over the world
Hence, it can be said with full certainty that the demand for solar control glass will shoot up all over the world in the upcoming years, mainly because of the rising popularity of solar energy and the increasing implementation of favorable government policies regarding these materials in several countries around the world.
Source: www.psmarketresearch.com
No comments:
Post a Comment