Dublin, May 07, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/wtk6tx/low_iron_glass) has announced the addition of Wintergreen Research, Inc's new report "Low Iron Glass: Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021" to their offering.
Worldwide markets for Low Iron Glass are growing as Concentrating Solar Power (CSP) takes off as a way to generate electricity. Rapid adoption of CSP worldwide is occurring as systems provide 24 hour per day power efficiently.
Low iron glass decorative and architectural markets are poised to achieve significant growth based on an expectation of declining prices for the low iron glass due to economies of scale.
As soon as a new market has 100 paying reference accounts, it becomes a viable market. CSP solar systems have reached that market inflection point and will exceeded it in 2015.
Growth potential of the CSP sector is strong, part of the solar growth that is poised to make solar energy represent 90% of the world's energy production within 25 years. Just as smart phones grew rapidly once the price points were affordable and the economies of scale large enough to drive down prices for the markets to achieve significant growth, so also solar markets will take off. CSP has a strong ability to reduce the cost of electricity produced. Compound annual growth rates are expected to be made meaningless by penetration analysis when the markets grow rapidly.
By 2021, expectations are that CSP capital costs will decline even further by between 30% and 50%. New technology will make plant operations even more efficient by that time.
According to Susan Eustis, the lead author of the team that created the study, Concentrating Solar Power (CSP) depends on low iron glass because the low iron glass is clear and creates increased efficiency in the capture of solar power. Low ion glass is proving to be of value because it drives the market for CSP. CSP has been further proven in newly operational installations, including Ivanpah.
Concentrating Solar Power (CSP) has moved from the trial stage to the early adopter stage. Low iron glass CSP represents 3% of the world glass production. Markets at $510 million in 2014 are expected to reach $4.7 billion by 2021. Growth is expected to achieve 15% of total low iron glass at glass production in 2021, i.e. the same level as all automotive glass.
Key Topics Covered:
Executive Summary
1. Low Iron Solar Glass Market Description And Market Dynamics
2. Low Iron Solar Glass Market Shares And Market Forecasts
3. Low Iron Solar Glass) Product Description
4. Low-Iron Glass Technology
5. Low Iron Solar Glass Company Descriptions
Companies Mentioned
Market Leaders:
- ACWA Holding / SUN & LIFE / Flabeg
- eSolar
- Guardian
- Rioglass
- Schott - Receivers
Market Participants
- Almeco Solar
- China Glass Holdings
- Dubai Investments PJSC
- Guangdong Golden Glass
- Technologies
- Guangfeng Solarglass (Hong
- Kong)
- Gujarat Borosil Ltd. (GBL)
- Hangzhou AMD PV Glass
- Hecker Glastechnik
- Interfloat
- Jinjing Group
- Nippon Sheet Glass NSG Group
- Oerlikon Solar
- Pilkington
- ReflecTech
- Saint Gobain Solar SG
- Sener
- Shandong Glass Group
- Siemens Concentrated Solar
- Power, Ltd
- Sisecam Group
- SunRun and U.S. Bancorp
- Tata BP Solar
- Succeed Glass Co., Ltd / Henan
- Succeed New Energy
- Sunarc Technology
For more information visit http://www.researchandmarkets.com/research/wtk6tx/low_iron_glass
Source: Wintergreen Research, Inc
Low Iron Glass: Market Shares, Strategies, and Forecasts 2015 to 2021
| Source: Research and Markets