India’s solar photovoltaic glass market is anticipated to grow at a CAGR of 8.32% from FY2025 to FY2032, increasing from USD 351.80 million in FY2024 to USD 666.50 million by FY2032. This market has witnessed considerable expansion in recent years and is expected to sustain its growth momentum.
Several factors contribute to the rising demand for solar photovoltaic glass in India, including the rapid expansion of solar capacity, advancements in technology, favorable government policies, and protective measures supporting domestic manufacturing. Additionally, solar technology manufacturers seek high-quality glass to enhance the efficiency and durability of solar systems in extreme weather conditions, creating further opportunities for market growth.
India’s commitment to increasing solar power generation and investing in large-scale solar farms is a major driver of demand for solar photovoltaic glass. For example, according to the Central Electricity Authority, as of October 2024, India’s total installed renewable energy capacity grew by 24.2 GW (13.5%) year-over-year, reaching 203.18 GW. This reflects the nation’s significant investment in solar energy, boosting demand for solar photovoltaic glass.
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Expanding Solar Power Capacity Driving Market Growth
India is prioritizing solar power expansion while focusing on sustainability. The establishment of large solar farms will necessitate high-quality solar modules, fueling demand for solar photovoltaic glass.
To reduce carbon emissions, India is actively integrating solar energy into its power supply. The country is heavily investing in solar power projects, including rooftop installations, urban and rural solar parks, and floating solar projects, thereby increasing demand for solar photovoltaic glass. Residential and commercial investments in solar energy further contribute to this market’s growth.
The government has launched initiatives such as the National Solar Mission (NSM) or Jawaharlal Nehru National Solar Mission (JNNSM), aimed at fostering sustainable growth and enhancing India’s energy security. This program promotes widespread adoption of solar technology, positioning India as a leader in the global solar energy market and boosting revenue for solar photovoltaic glass manufacturers.
As of January 2025, India’s cumulative solar energy capacity reached 100.33 GW, including:
- 76.95 GW from ground-mounted solar plants
- 16.28 GW from grid-connected rooftop solar installations
- 2.85 GW from hybrid solar projects
- 4.25 GW from off-grid solar systems
Advancements in Solar Technology Fuel Market Expansion
With a growing emphasis on sustainability, India is rapidly adopting advanced solar technologies to reduce dependence on fossil fuels. Innovations in solar PV glass technology are driving its integration across various applications.
To meet increasing energy demands, advanced solar technologies such as bifacial panels and building-integrated photovoltaics (BIPV) are gaining traction. These solutions improve solar energy capture, thereby increasing the demand for high-performance photovoltaic glass. BIPV technology allows seamless integration of solar modules into building materials, turning conventional structures into energy-generating surfaces. The rising adoption of BIPV solutions in modern architecture is further propelling the market for specialized solar glass.
For instance, in January 2025, Borosil Renewables Limited announced plans to expand its production capacity from 1,000 to 1,500 tons per day. This move responds to government policies, such as the establishment of a “Reference Price” to counteract the dumping of cheap imported solar glass, strengthening domestic production and ensuring a stable supply chain for Indian PV module manufacturers.
Government Policies Supporting Market Growth
The Indian government has introduced various initiatives to accelerate the adoption of solar energy. Policies such as “Make in India” and “Atmanirbhar Bharat” are promoting domestic production of solar components, encouraging investment in photovoltaic glass manufacturing. Key players like Vishakha Renewables and Borosil Renewables Limited are expanding their production capacities to meet growing domestic demand.
Furthermore, India has imposed anti-dumping duties on solar photovoltaic glass imported from China and Vietnam to safeguard local manufacturers from unfair pricing competition. This measure is expected to boost domestic production capacity in the coming years.
In March 2023, the government launched the Production Linked Incentive (PLI) scheme to support the local manufacturing of high-efficiency solar modules and components. This initiative encourages investments in domestic and international markets, enabling solar manufacturers to produce advanced solar panels and components in India.
Rising Demand for Anti-Reflective Coated Glass
Anti-reflective coated glass is gaining widespread adoption due to its ability to enhance solar panel efficiency. By minimizing light reflection, it improves solar energy absorption, leading to higher power output.
The growing installation of solar panels is driving demand for anti-reflective coated glass, as consumers and businesses seek energy-efficient solutions. Additionally, anti-reflective coated glass contributes to energy savings in buildings by allowing more natural light while reducing glare, further increasing its market appeal.
West and Central India Leading Market Growth
The western and central regions of India, including states like Gujarat, Maharashtra, and Madhya Pradesh, dominate the solar photovoltaic glass market and are expected to maintain their lead. These regions receive high solar radiation, making them ideal for solar energy generation. Additionally, state governments offer incentives such as subsidies and tax benefits, making solar investments financially attractive.
Rapid urbanization in these regions is also driving demand for solar power technologies. Gujarat and Maharashtra, in particular, are investing in large-scale solar parks, attracting both domestic and international investors. These large solar farms boost local economies and increase demand for solar photovoltaic glass.
Future Market Outlook (FY2025 – FY2032F)
- The adoption of advanced renewable energy technologies will continue to drive demand for solar photovoltaic glass.
- Government initiatives and policies will boost domestic solar component manufacturing, expanding the market.
- Technological advancements in solar glass will enhance efficiency and performance, increasing adoption across sectors.
- The growing popularity of BIPV and bifacial solar panels will further drive demand for photovoltaic glass.
Report Scope
The report, India Solar Photovoltaic Glass Market Assessment, Opportunities, and Forecast, FY2018–FY2032F, by Markets and Data, provides an in-depth analysis of the Indian solar photovoltaic glass market. It covers market size, segmental shares, growth trends, challenges, and opportunities. Additionally, it profiles key industry players, highlighting their market share, business strategies, and competitive landscape.
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