Market Analysis of Solar Glass Market in India

India’s renewable energy industry is booming and is very much looked up to for addressing climate change problems. With ample sunlight and vigorous winds, India aims to reduce its dependence on fossil fuels with the major focus on solar and wind power. Solar power has flourished with the foremost contribution by photovoltaic installations. It is of utmost importance in the solar power equation: solar glass. You can think of it as a protective coating to allow solar panels to capture sunlight and use it to generate energy.

In this context, the blog goes into detail to present the ongoing scene of renewable energy in India, giving a good focus on how solar glass fits into this narrative. It also brings forth some key players in the sector like Vishakha Renewables, one of the most dynamic up-and-coming players in this space. So hang tight as we talk about the rising solar takers along with, very importantly, the role of solar glass in making it all happen!

Current State of Solar Glass Market in India

The solar glass in India is set for an impressive growth. By 2023, the solar glass market in India is expected to reach a respectable 474.2 thousand tonnes. This, however, is only an initial expectation.A sharply positive annual growth rate of 8.03% is predicted for the period between 2024 and 2032, doubling the market to 970.3 thousand tonnes by 2032.

Multiplication of solar panels requires a cause for explosive demand for solar glass-it provides durability and improved performance to the panels, thus ensuring greater energy absorption with an additional rise and zest. Solar glass is likely to find its high demand owing to the ongoing investments from state and private companies in the green energy sector. The escalating importance of solar glass in India’s green energy sector clearly shows us one thing.

What are the Key Drivers of Growth in the Solar Glass Market?

Government initiatives promoting renewable energy

The government is backing renewable energy projects, which makes it easier for businesses and households to switch to solar power.

Increasing investments in solar infrastructure

More money is being pumped into building solar farms and upgrading solar technology, helping to expand the reach of solar energy across the country.

Technological advancements in solar glass manufacturing

With new tech making solar glass better and cheaper, more people are jumping on the solar bandwagon, leading to higher demand for these products.

Major Players in the Indian Solar Glass Market

In India’s solar glass market, several key players are making significant strides. Here’s a look at some of the major names you should know:

Vishakha Renewables

Vishakha Renewables has carved out a strong position in the solar glass industry by offering top-tier products that play a vital role in the growing solar energy sector. Known for their innovative technology and commitment to quality, Vishakha is helping power India’s push towards cleaner energy. They provide solar glass that enhances the efficiency of solar panels, making them a trusted choice in the market.

Asahi India Glass Ltd. (AIS)

Asahi India Glass Ltd. (AIS) is another prominent player in the solar glass industry. With years of expertise in glass manufacturing, AIS has expanded into solar glass production, delivering high-quality solutions that improve the performance and lifespan of solar panels. AIS has been instrumental in driving forward solar energy adoption by providing durable and reliable glass products that meet the growing demand for renewable energy.

Other notable companies

Alongside these industry leaders, there are a number of other companies that are contributing to India’s solar glass revolution. These players, like Triveni and Borosil, focus on developing advanced solar glass products that boost the efficiency of solar panels and support the broader renewable energy infrastructure. Their efforts are crucial in making solar energy more accessible and effective across the country, helping India achieve its ambitious green energy goals.

Future Aspects of Solar Glass Market in India

The future of the solar glass market in India looks promising, with strong growth expected over the next decade. As the country continues to invest in renewable energy, demand for solar glass will rise, driven by technological advancements that make solar panels more efficient and affordable. The quality of solar glass will improve, with products becoming more durable and better at capturing sunlight, making them a popular choice for homes and businesses. Additionally, with India’s growing expertise, there is significant potential for exporting solar glass to international markets, positioning the country as a key player in the global renewable energy movement. The next decade holds exciting opportunities for both domestic growth and global expansion in the solar glass sector.

Vishakha Renewables: A Key Contributor

Vishakha Renewables has quickly established itself as a leading name in the solar energy sector. With a remarkable 15 GW production capacity, it’s a powerhouse in solar ancillary manufacturing. The company’s growth has been impressive, allowing it to take center stage in providing comprehensive solar energy solutions across India. From high-quality solar glass to other vital components, Vishakha Renewables plays a crucial role in supporting the country’s transition to renewable energy. Their focus on innovation and efficiency ensures they remain at the forefront of the solar glass industry. As they continue to grow, Vishakha is not just shaping India’s solar future but also setting a strong example in the global renewable energy market.

Product Offerings and Material Quality

Solar Glass Specifications

• A high-performance and enduring-modified glass with ultra-clear specifications has been put together under Vishakha Renewables using various high-quality materials such as silica sand, dolomite, quartz, soda ash, and aluminum hydroxide.
• Vishakha Renewables produces UV-C glass of ultra-clear specifications from a variety of high-quality materials, creating a glass with outstanding performance and durability.
• The density of the solar glass is carefully controlled at 2.5000 ± 0.0020 gram/cc, enhancing its strength and durability.
• With a lifespan of over 30 years, Vishakha’s solar glass is designed for long-term performance, making it a reliable choice for solar installations.

Key Features

Increased Strength

This glass is much stronger than common glass, improving its toughness against harsh weather. In the face of bracing winds or heavy snowfalls, this glass is expected to make it without bending under pressure of nature, and thus is a viable alternative even under confronting conditions.

Great Light Transmission with Anti-Reflective Coating

In order that your solar panels are upheld by the added benefit Vishakha’s glass provides, it has a special coating that drastically cuts down the reflection in turn maximum light is passed through the cells maximizing the energy collected by your panels. In simpler terms, it makes your panels suck up more sunlight and thus work better.

Durability

Vishakha’s solar glass is meant to withstand all natural pressures. It has been designed to thwart burning heat issues to torrential storms, and stand constant for performance even in hard conditions- ensuring long life for solar systems.

Recyclability

As a company, Vishakha believes firmly in every manner of sustainability. For their solar glass is made up of recyclable materials, when time comes for replacements, it will be recycled and kept away from land-fills. It is just one of the many ways Vishakha has worked toward minimizing pollution through establishing a sustainable circular economy.

Certifications

• The product carries a BIS certificate, which guarantees that it conforms to the very highest industrial standards that pertain to the specification of quality and safety.
• The glass is certified with interoperability that embraces European fragmentation standards while IIT Chennai also certifies it.
• It is certified by TUV Nord that the glass would have an adequate light transmittance per the related Commission Directive standards after appropriate testing.
• Various resistance tests, durability tests according to the principles of CPVT China, were performed on solar glasses, which passed with good results against various environmental factors and have shown good durability over a long time.