Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By Application (Residential, Non-Residential, Utility), By Type (AR Coated Solar PV Glass, Tempered Solar PV Glass, TCO Coated Solar PV Glass, Others), By End-User (Crystalline Silicon PV Module, Thin Film PV Module, Perovskite Module), By Installation (Float Glass Technology, Patterned Glass Technology) And Competitive Landscape
Product Code: ETC4615053 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 28 | |
Report Name | Latin America Solar Photovoltaic Glass Market |
Forecast Period | 2025-2031 |
Market Size | USD 346 Million |
CAGR | 10.6% |
Latin America Solar Photovoltaic Glass Market report thoroughly covers the by countries, by application, by type, by end use, and by installation. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Latin America solar photovoltaic (PV) glass market has been experiencing significant growth, driven by increasing investments in renewable energy projects and favourable government policies promoting solar energy. In 2025, the market size was valued at approximately USD 346 million. This growth trajectory is expected to continue, with a projected compound annual growth rate (CAGR) of 10.6% from 2025 to 2031.
The Latin America solar photovoltaic (PV) glass market is poised for robust growth over the coming years, underpinned by a confluence of favourable factors. Solar PV glass, an integral component in solar panels, is essential for converting sunlight into electricity. The increasing emphasis on renewable energy and sustainability initiatives is catalysing the adoption of solar PV glass across the region.
According to 6Wresearch, the Latin America Solar Photovoltaic Glass Market revenue is expected to reach at a significant CAGR of 10.6% during the forecast period 2025-2031. The region's abundant solar resources offer a significant advantage, creating a natural incentive for the adoption of solar technologies. Second, government policies and incentives, such as tax breaks and subsidies for renewable energy projects, are making solar investments more attractive. Third, rising urbanization and the subsequent increase in energy consumption demand cleaner, more sustainable energy sources, further bolstering the Latin America Solar Photovoltaic Glass Market growth.
Despite the promising outlook, the market faces a number of challenges. Economic instability in certain countries can impact the consistency of investments and the overall market growth. Additionally, the initial high cost of setting up solar power infrastructure, including PV glass installations, remains a barrier. Limited access to advanced technology and supply chain constraints also pose significant hurdles.
One key trend is the increasing penetration of bifacial solar panels, which capture sunlight from both sides and thereby enhance energy yield. Another trend is the growing integration of Building-Integrated Photovoltaics (BIPV), which allows solar cells to be seamlessly incorporated into building materials like glass façades and roofs. Furthermore, advancements in anti-reflective and self-cleaning coatings are improving the efficiency and durability of solar PV glass.
Investors are eyeing market with keen interest due to the region's vast solar resources and progressive governmental policies. Opportunities abound in both residential and commercial sectors, with significant investment potential in large-scale solar farms and urban solar installations. Financing options such as green bonds and international climate funds are becoming increasingly accessible, offering additional avenues for investment.
Companies like Saint-Gobain, AGC Solar, and Guardian Glass are leading the charge, leveraging their advanced technology and extensive industry experience. Local companies such as Solartec and Enel Green Power are also emerging as influential players.
The Latin American governments have introduced a series of regulations and policies to promote the adoption of solar photovoltaic glass. These include tax incentives, feed-in tariffs, and renewable energy certificates designed to make solar investments more financially viable. Policies like Brazil's National Solar Plan and Mexico's Energy Transition Law mandate clear renewable energy targets, fostering a conducive environment for solar PV projects.
The future of the Latin America solar photovoltaic glass industry looks promising, with continued growth anticipated over the next decade. Advances in technology, such as more efficient thin-film solar cells and enhanced energy storage solutions, are expected to drive the market forward. Increasing collaboration between public and private sectors will likely yield more robust infrastructure and investment frameworks. Moreover, as awareness regarding climate change and the benefits of renewable energy rises, consumer demand for sustainable energy solutions will intensify.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6wresearch, Brazil is a front-runner in the Latin America solar photovoltaic glass market, driven by its ambitious renewable energy goals and supportive policies. As of 2025, Brazil has installed over 13 GW of solar capacity, significantly bolstered by large-scale solar farms and residential installations. The National Solar Plan, coupled with various state-level incentives, has played a crucial role in propelling Brazil to the forefront of the solar PV market in the region.
Crystalline Silicon PV Modules dominate the Latin America Solar Photovoltaic Glass Market. This technology accounts for approximately 75% of the installed solar capacity in the region, driven by its high efficiency and long-term reliability.
The market report has been segmented and sub segmented into the following categories:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latin America Solar Photovoltaic Glass Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Solar Photovoltaic Glass Market Revenues & Volume, 2021 & 2031F |
3.3 Latin America Solar Photovoltaic Glass Market - Industry Life Cycle |
3.4 Latin America Solar Photovoltaic Glass Market - Porter's Five Forces |
3.5 Latin America Solar Photovoltaic Glass Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Latin America Solar Photovoltaic Glass Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latin America Solar Photovoltaic Glass Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 Latin America Solar Photovoltaic Glass Market Revenues & Volume Share, By End-User, 2021 & 2031F |
3.9 Latin America Solar Photovoltaic Glass Market Revenues & Volume Share, By Installation, 2021 & 2031F |
4 Latin America Solar Photovoltaic Glass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Solar Photovoltaic Glass Market Trends |
6 Latin America Solar Photovoltaic Glass Market, 2021-2031 |
6.1 Latin America Solar Photovoltaic Glass Market, Revenues & Volume, By Application, 2021-2031 |
6.2 Latin America Solar Photovoltaic Glass Market, Revenues & Volume, By Type, 2021-2031 |
6.3 Latin America Solar Photovoltaic Glass Market, Revenues & Volume, By End-User, 2021-2031 |
6.4 Latin America Solar Photovoltaic Glass Market, Revenues & Volume, By Installation, 2021-2031 |
7 Brazil Solar Photovoltaic Glass Market, 2021-2031 |
7.1 Brazil Solar Photovoltaic Glass Market, Revenues & Volume, By Application, 2021-2031 |
7.2 Brazil Solar Photovoltaic Glass Market, Revenues & Volume, By Type, 2021-2031 |
7.3 Brazil Solar Photovoltaic Glass Market, Revenues & Volume, By End-User, 2021-2031 |
7.4 Brazil Solar Photovoltaic Glass Market, Revenues & Volume, By Installation, 2021-2031 |
8 Mexico Solar Photovoltaic Glass Market, 2021-2031 |
8.1 Mexico Solar Photovoltaic Glass Market, Revenues & Volume, By Application, 2021-2031 |
8.2 Mexico Solar Photovoltaic Glass Market, Revenues & Volume, By Type, 2021-2031 |
8.3 Mexico Solar Photovoltaic Glass Market, Revenues & Volume, By End-User, 2021-2031 |
8.4 Mexico Solar Photovoltaic Glass Market, Revenues & Volume, By Installation, 2021-2031 |
9 Argentina Solar Photovoltaic Glass Market, 2021-2031 |
9.1 Argentina Solar Photovoltaic Glass Market, Revenues & Volume, By Application, 2021-2031 |
9.2 Argentina Solar Photovoltaic Glass Market, Revenues & Volume, By Type, 2021-2031 |
9.3 Argentina Solar Photovoltaic Glass Market, Revenues & Volume, By End-User, 2021-2031 |
9.4 Argentina Solar Photovoltaic Glass Market, Revenues & Volume, By Installation, 2021-2031 |
10 Rest of Latin America Solar Photovoltaic Glass Market, 2021-2031 |
10.1 Rest of Latin America Solar Photovoltaic Glass Market, Revenues & Volume, By Application, 2021-2031 |
10.2 Rest of Latin America Solar Photovoltaic Glass Market, Revenues & Volume, By Type, 2021-2031 |
10.3 Rest of Latin America Solar Photovoltaic Glass Market, Revenues & Volume, By End-User, 2021-2031 |
10.4 Rest of Latin America Solar Photovoltaic Glass Market, Revenues & Volume, By Installation, 2021-2031 |
11 Latin America Solar Photovoltaic Glass Market Key Performance Indicators |
12 Latin America Solar Photovoltaic Glass Market - Opportunity Assessment |
12.1 Latin America Solar Photovoltaic Glass Market Opportunity Assessment, By Countries, 2021 & 2031F |
12.2 Latin America Solar Photovoltaic Glass Market Opportunity Assessment, By Application, 2021 & 2031F |
12.3 Latin America Solar Photovoltaic Glass Market Opportunity Assessment, By Type, 2021 & 2031F |
12.4 Latin America Solar Photovoltaic Glass Market Opportunity Assessment, By End-User, 2021 & 2031F |
12.5 Latin America Solar Photovoltaic Glass Market Opportunity Assessment, By Installation, 2021 & 2031F |
13 Latin America Solar Photovoltaic Glass Market - Competitive Landscape |
13.1 Latin America Solar Photovoltaic Glass Market Revenue Share, By Companies, 2024 |
13.2 Latin America Solar Photovoltaic Glass Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |