San Francisco, California, March 9, 2015 (GLOBE NEWSWIRE) -- 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. CSP has a strong ability toreduce the cost of electricity produced. Compound annual growth rates are expected to be made meaningless by penetration analysis when the markets grow rapidly.
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There are no hindrances to CSP growth except technology and the new nanotechnologies make solar processes possible. The materials are simple, silica, silica, and more silica. With solar energy available to support the CSP low iron glass and the CSP module manufacturing processes, the markets will grow at compound rates. 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.
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 Companies Analyzed:
- ACWA Holding / SUN & LIFE
- AEON Industries Corporation Ltd.
- AJJ Glass
- Alanod GmbH & Co KG / Alanod-Solar
- Asahi Glass Co.
- AGC Specialty Glass
- Carvart Architectural Glass
- China Glass
- Dulles Glass and Mirror
- Glass LLC
- Guangdong Golden Glass Technologies Ltd
- Guangfeng Solarglass
- Guardian Industries
- Gujarat Borosil Ltd.
- Hangzhou AMD PV Glass Co Ltd
- Hecker Glastechnik
- GMB Glasmanufaktur Brandenburg GmbH
- Jinjing Group Co Ltd
- Nippon / Pilkington
- Oerlikon Solar
- Phoenica Flat Glass Industries
- PPG Industries
- RIO Glass
- Saint-Gobain / Saint Gobain Solar
- SolarWood Technologies
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