EV Semiconductor Devices Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the EV semiconductor devices market will expand from USD 25.250 billion in 2025 to USD 50.680 billion in 2030 at a CAGR of 14.95% during the forecast period.

Semiconductor devices for electric vehicles (EVs) are functionally important devices that supply power to EVs. They are used to manage the flow of electricity in electric motors and other electronic devices fitted in the vehicle. These include Silicon Carbide (SiC), which can withstand higher temperature ranges with minimal energy loss, and Gallium Nitride (GaN), which has a higher switching speed and power density. The operations of an EV are mainly managed by microcontrollers and microprocessors, which carry out functions such as battery management, motor control, infotainment, and safety systems. In addition, Analog integrated circuits are used to change the analog signals to a digital format for easier processing. The EV semiconductor devices are integrated into battery management systems, electric motor control, charging systems, information systems, and safety systems.

The market for EV semiconductor devices is witnessing strong expansion due to supportive government policies, self-driving vehicles and ADAS technologies, the development of charging facilities, and the incorporation of EVs into smart grids. The environmental threats posed by the enhancement of vehicle technology have increased the adoption of EVs. The ability of SiC and GaN semiconductors to restore higher efficiency and power density under an increased operating temperature range makes them suitable for numerous applications in EVs. EVs are becoming popular and they will demand high computational which will most likely be facilitated by advanced microprocessors and microcontrollers, leading to development in the market.

EV Semiconductor Devices Market Highlights

• The Battery Electric Vehicle (BEV) segment is expected to attain a major market share by 2030 in the vehicle type in the EV semiconductor devices market. It is expected that BEVs will have more positive effects on the EV semiconductor devices market as compared to PHEVs because of their market capture rate, regulatory support, improved technologies, and intricate semiconductor integration in the vehicles. BEV provides a zero-emission driving experience that resonates well with green policies and legislation. Besides, global enhancements in battery performance, after-treatment systems, and vehicle operational distance are also working in BEVs’ favor.
• The analog modules segment is estimated to hold the largest share in the component segment during the projected period. It is anticipated that analog modules will play a considerable part in the expansion of the EV semiconductor devices market for power electronics inverters and converters, battery management systems (BMS), temperature, current, and position sensors. Such elements are important in changing the direct current supplied from the battery to alternating current for use by the electric motor while maintaining efficiency and safety.
• The Silicon Carbide (SiC) is expected to hold a substantial share of the material type segment of the market, driven by the superior efficiency and performance of the material in high-power EV device applications, along with the supportive, stringent emission regulations favouring the segment growth.
• The medium (400-800 V) voltage range is the dominant segment in the EV semiconductor devices market due to growing alignment with the EV architecture, which promotes its application as it is ideal with range, efficiency, and cost.
• Based on the application, the EV semiconductor devices market is categorized into powertrain, chassis and safety, infotainment and telematics, body and convenience, and advanced driver assistance systems. The powertrain is predicted to greatly enhance the market for the semiconductor devices used in EVs due to its constituent elements, such as electric motors and battery management systems. More sophisticated semiconductor devices, such as inverters, converters, and motor controllers, are crucial for the efficiency of the motor and the motor control of the powertrain.
• The EV semiconductor devices market is expanding significantly in the Asia Pacific region due to various factors. The region of Asia Pacific is witnessing the growth of EV semiconductor devices because of the presence of major regional automotive markets in countries such as China, Japan, South Korea, and India. Along with this, the presence of cheap labor and production facilities in these regions, along with the advanced semiconductor industry in countries like Taiwan. Furthermore, there is a rising government subsidy and other initiatives for promoting EVs, along with the semiconductor industries being well established, which is contributing to the acceleration of the EV semiconductor devices market.

Report Coverage:

Report Metric	Details
EV Semiconductor Devices Market Size in 2025	USD 25.250 billion
EV Semiconductor Devices Market Size in 2030	USD 50.680 billion
Growth Rate	CAGR of 14.95%
Drivers	Rise in Adoption and Production of EVs Globally Growing Semiconductor Application per Vehicle
Restraints	Supply Chain Disruptions High Costs of Advanced Semiconductors
Segmentation	Vehicle Type Component Material Type Voltage Range Application Geography
List of Major Companies in the EV Semiconductor Devices Market	Taiwan Semiconductor Manufacturing Company Limited Infineon Technologies STMicroelectronics NXP Semiconductors Texas Instruments

EV Semiconductor Devices Market Growth Drivers and Restraints

Growth Drivers:

• Rise in Adoption and Production of EVs Globally: AI and the growing awareness of the advantages of EVs and subsidies on their purchase are promoting EV sales globally and are expected to account for about 17 million in 2024, as per IEA, with continuous acceleration in the years to come. This will propel the demand for semiconductor devices in these EVs to enhance their performance and efficiency.
• Growing Semiconductor Application per Vehicle: The advancement and modernization of EVs through the integration of high voltage architectures is also contributing to the advanced semiconductor devices for enhancing their operation. The increasing technological advancement, like AI-integrative predictive maintenance, is another attribute boosting the market expansion.

Restraints:

• Supply Chain Disruptions: The shortage in chips or the trade transition, like the China-USA trade issue, could lead to delays and an increase in their price, which will hinder the market growth.
• High Costs of Advanced Semiconductors: The increased cost of advanced semiconductors, which utilize materials like GaN and SiC, which are more expensive than silicon material due to their complex fabrication, could become a barrier for cost-sensitive consumers.

EV Semiconductor Devices Market Key Development

• Collaboration: In December 2024, ROHM announced the launch of strategic gallium nitride technology and power devices in collaboration with TSMC for the electric vehicle application.
• Product Launch: In August 2024, Power Master Semiconductor launched a 1200 V SiC MOSFET targeting EV applications. This is designed to upgrade power electronics. The automotive MOSFET has high efficiency, high power density, and high reliability. It is also bi-directional, allowing it to be used in several automotive applications such as an on-board charger, DC-DC converters, and e compressors, among others.

EV Semiconductor Devices Market Segmentation

Knowledge Sourcing Intelligence has segmented the EV Semiconductor Devices Market based on vehicle type, component, material type, voltage range, application, and region:

• EV Semiconductor Devices Market, By Vehicle Type
  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Electric Vehicles (PHEV)
• EV Semiconductor Devices Market, By Component
  • Analog
  • Memory Devices
  • Discrete Semiconductors
  • Sensors
  • Other Components
• EV Semiconductor Devices Market, By Material Type
  • Silicon Carbide (SiC)
  • Gallium Nitride (GaN)
  • Others
• EV Semiconductor Devices Market, By Voltage Range
  • Low Voltage (Below 400V)
  • Medium Voltage (400V-800V)
  • High Voltage (Above 800V)
• EV Semiconductor Devices Market, By Application
  • Powertrain
  • Chassis and Safety
  • Infotainment and Telematics
  • Body Electronics
  • Advanced Driver Assistance Systems
  • Battery Management Systems
• EV Semiconductor Devices Market, By Region
  • Americas
    • USA
  • Europe, the Middle East, and Africa
    • Germany
    • Netherlands
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Taiwan
    • Others

EV Semiconductor Devices Market Key Players

• Taiwan Semiconductor Manufacturing Company Limited
• Infineon Technologies
• STMicroelectronics
• NXP Semiconductors
• Texas Instruments
• Renesas Electronics
• Microchip Technology
• On Semiconductor Corporation
• Analog Devices Inc.
• ROHM Co., Ltd.
• Toshiba Corporation

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.

Solar Battery Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the solar battery market will expand from USD 367.130 million in 2025 to USD 757.777 million in 2030 at a CAGR of 15.60% during the forecast period.

To store the extra electricity produced by the solar panels, there is a need to add a solar battery to a solar power system, so that on cloudy days, at night, and during power outages when the solar panels don’t produce enough electricity, it then utilize that stored energy to power the home and industry places. As solar energy becomes more popular in home and industrial applications as an alternative to renewable energy, the market for solar batteries grows. For instance, according to the International Energy Association (IEA), renewable energy sources will have the fastest rise in the electrical industry, increasing from 24% in 2017 to roughly 30% in 2023, this is expected to grow a need for solar batteries which will boost the market growth year-on-year during the forecasted period.

Solar Battery Market Report Highlights

• The market is segmented into lead acid, lithium-ion, nickel-cadmium, and flow batteries. Among these, lithium-ion batteries dominate the market due to their high energy density, longer lifecycle, lightweight design, and rapidly declining costs. They are the preferred choice for both grid-scale storage and renewable energy integration, making them the most widely adopted technology in energy storage systems. Lead acid batteries, though cost-effective, are gradually losing market share due to shorter lifespans and lower efficiency. Nickel-cadmium and flow batteries serve niche applications, with flow batteries gaining attention for long-duration storage, but they remain smaller segments compared to lithium-ion.
• Based on end-users, the market is divided into residential and industrial segments. The industrial segment holds the dominant share as large-scale facilities, utilities, and renewable power plants require significant energy storage capacity for grid stabilization, load shifting, and backup power. Industrial demand is further driven by government initiatives to integrate renewables and strengthen energy security. On the other hand, the residential segment is growing rapidly, supported by rooftop solar adoption, smart home energy systems, and the rising trend of decentralized energy generation, although it accounts for a smaller share compared to industrial applications.
• North America is one of the leading regions in the global battery energy storage market, driven by strong policy frameworks, technological innovation, and large-scale renewable energy integration. The U.S. dominates the regional market, supported by the Inflation Reduction Act (IRA) and state-level policies that provide tax credits and incentives for battery storage projects. The rapid expansion of solar and wind capacity, coupled with the need for grid reliability, is pushing utilities to deploy large-scale lithium-ion storage systems. Canada is also seeing steady growth, driven by renewable integration targets and investments in clean energy infrastructure. The residential storage segment is gaining momentum across the U.S., particularly in states like California and Texas, where frequent grid instability and extreme weather events are encouraging households to adopt solar-plus-storage solutions.

Report Coverage:

Report Metric	Details
Solar Battery Market Size in 2025	USD 367.130 million
Solar Battery Market Size in 2030	USD 757.777 million
Growth Rate	CAGR of 15.60%
Drivers	Increasing urbanization and infrastructure investments Replacement of old fossil fuels with solar energy
Restraints	Economic Viability Challenges
Segmentation	Type End-User Geography
List of Major Companies in Solar Battery Market	LG Chem Enersys Exide Industries Tesla Power India Pvt. Ltd Wisdom Industrial Power Co. Ltd

Solar Battery Market Growth Drivers and Restraints

Growth Drivers:

• Increasing urbanization and infrastructure investments: The energy demand is expected to rise due to several important causes, including a growing population, with fast industrialization, urbanization, and increased infrastructure investments by market leaders will boost the solar battery market growth. For instance, according to IEA, between 2019 and 2030, it is predicted that India’s energy demand would rise by about 35%, and during the next 20 years, India’s urban population is expected to grow by another 270 million people. According to the U.S Energy Information Administration (EIA), in 2021 the total primary energy used in the United States was equivalent to 97 quadrillion BTUs (British thermal units). This means that as energy consumption and urbanization increase, so will the demand for solar energy which will boost the solar battery market.
• Replacement of old fossil fuels with solar energy: As the government is replacing fossil fuels like coal with solar power to generate electricity so that natural resources are being saved which will lead to an increase in the need for solar batteries and thus would increase the market growth. According to the US Energy Information Administration EIA, in 2022 the U.S. expect a 21.5 GW increase in U.S. utility-scale solar generating capacity. As the demand for solar energy had been used to generate more electricity for many years now there is a requirement to store that power and this will increase the demand for solar batteries.

According to the US Energy Information Administration EIA, in 2023 developers intend to add 8.6 GW of battery storage power capacity to the grid, which will treble the nation’s total battery power capacity as batteries can store electricity from solar energy sources for later use. Additionally, there is a definite need for new generating capacity all over the world to satisfy the rising demand for energy in many nations as well as to replace outdated fossil fuel units, particularly coal-fired ones that release a lot of carbon dioxide. Thus, this will increase the usage of solar power as a renewable and less harmful alternative which will help to boost the solar battery market.

Restraints:

• Economic Viability Challenges: The major hurdles that are hindering the global market of recycled solar panels are the economic viability and cost-effectiveness of recycling processes. Despite the increasing significance of recycling used solar cells, serious financial constraints can significantly impede market growth.

Solar Battery Market Key Development

• Product Launch: In May 2025, Canadian Solar Inc. announced that e-STORAGE, which is part of the Company’s majority-owned subsidiary CSI Solar Co., Ltd., officially launched its SolBank 3.0 Plus battery energy storage product at Intersolar Europe.

Solar Battery Market Segmentation

Knowledge Sourcing Intelligence has segmented the Solar Battery Market based on phase type, power output, end-user, and region:

Solar Battery Market, By Phase Type

• Lithium Ion Battery
• Lead Acid Battery
• Nickel-Cadmium Battery
• Flow Battery

Solar Battery Market, By Power Output

• Up to 3 kW
• 3 to 5 kW
• Greater than 5 kW

Solar Battery Market, By End-User

• Residential
• Commercial
• Industrial

Solar Battery Market, By Region

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others
• South America
  • Brazil
  • Argentina
  • Others
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • Others

Solar Battery Market Key Players

• Luminous Power Technologies (Schneider Electric)
• Okaya Power Private Limited
• BYD Company Ltd
• U.S Battery Mfg
• SunPower Corporation
• LG Energy Solution (LG Electronics)
• Enersys
• Exide Industries
• Tesla
• Enphase
• Growatt

Saturated Polyester Resins Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the saturated polyester resins market will expand from USD 5.57 billion in 2025 to USD 7.18 billion in 2030 at a CAGR of 5.22% during the forecast period.

This resin has characteristics like versatility, weather resistance, chemical resistance, hardness, and color retention. The increased usage of smart devices such as smartphones, tablets, and laptops has led to the emergence of the e-commerce industry, which is expected to drive the market over the forecast period. E-commerce heavily relies on flexible as well as rigid packaging. The growing access to digital infrastructure and training is helping small business owners become more capable of leveraging e-commerce. The demand for packaging material is increasing rapidly.

Saturated Polyester Resins Market Report Highlights

• The saturated polyester resins market is broadly divided into liquid and solid saturated polyester resins, both serving distinct industrial applications. Liquid saturated polyester resins are known for their superior flexibility, adhesion, and gloss retention, making them ideal for can and coil coatings, automotive paints, and flexible packaging. These resins offer excellent resistance to chemicals and weathering, which enhances their suitability for high-performance applications requiring durable and aesthetic coatings.
• Based on application, the saturated polyester resins market is segmented into powder coatings, can and coil coatings, automotive paints, packaging, industrial paints, textiles/fabric coatings, and others. Powder coatings represent the leading application area, supported by growing demand in architecture, appliances, and industrial machinery due to their eco-friendly nature and excellent durability.
• The Asia Pacific region is expected to see the fastest growth in the saturated polyester resins market due to increasing applications in the packaging industry. The region is witnessing rapid development in the e-commerce segment. According to Invest India, the annual growth rate of e-commerce is expected to be 18% through 2025. By 2030, India is anticipated to emerge as the third-largest consumer market globally. North America is expected to have a significant market share for saturated polyester resins due to its major utilization in electronics, automotive, and other industrial uses.

Report Coverage:

Report Metric	Details
Saturated Polyester Resins Market Size in 2025	US$5.57 billion
Saturated Polyester Resins Market Size in 2030	US$7.18 billion
Growth Rate	CAGR of 5.22%
Drivers	Growing Demand in Automotive Industry Growing Industrialization
Segmentation	Type Application Geography
List of Major Companies in the Saturated Polyester Resins Market	Eternal Materials Co. Ltd Evonik Industries AG Hitech Industries FZE Novaresine SRL DSM

Saturated Polyester Resins Market Growth Drivers

Growth Drivers:

• Growing Demand in Automotive Industry: In the automotive coatings sector, the rise in automobile production with the need for aesthetically pleasing finishes has significantly boosted the demand for these resins. According to the IEA (International Energy Agency), the sale of BEV (Battery Electric Vehicles) has risen from 4.7 million in 2021 to 7.3 million in 2022 and reached 9.5 million in 2023. The sale of PHEVs (Plug-In Hybrid Electric Vehicles) has increased by 1.9 million in 2021, to 2.9 million in 2022, and reached 4.3 million in 2023.

BEVs were the most popular in Sweden in 2022, where 35% of new car sales were battery-electric, followed by the Netherlands with a 24% share. The success of electric vehicles has been attributed to the region’s extensive charging infrastructure network. Over 560,000 publicly accessible charging points were installed in the EU by mid-2023, a 50 percent increase over the previous year. These developments, as well as the supporting policies, would accelerate the transition towards EVs.

• Growing Industrialization: Industrialization is driving sustained growth in jobs and productivity, marking the increased demand for materials in most developing countries. World Bank economists forecast that growth in the Middle East and North Africa (MENA) would grow at a modest rate of 2.7% in 2024. Similarly, the Asia Pacific region’s growth is projected to be 4.5% in 2024.

Industrialization in the middle- and high-income economies is driven by the rapid transformation of the significance of manufacturing sectors. These developments led to the growth of the applications of saturated polyester resins, metal sheets, can and coil coatings, and automotive paints. They are also used in anti-corrosion coatings on iron and steel structures with epoxy-based primers.

Saturated Polyester Resins Market Key Development

• Product Launch: In August 2025, DIC Corporation announced that it has resolved to build a new epoxy resins production facility at its Chiba Plant, located in the city of Ichihara, Chiba Prefecture.

Saturated Polyester Resins Market Segmentation

Knowledge Sourcing Intelligence has segmented the Saturated Polyester Resins Market based on type, application and region:

Saturated Polyester Resins Market, by Product Type

• Liquid Saturated Polyester Resin
• Solid Saturated Resin

Saturated Polyester Resins Market, by Application

• Powder Coatings
• Coil and Can Coatings
• Automotive Paints
• Packaging
• Industrial Paints
• Others

Saturated Polyester Resins Market, By Region

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others
• South America
  • Brazil
  • Argentina
  • Others
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • Others

Saturated Polyester Resins Market Key Players

• ALLNEX GMBH
• Arkema Group
• Covestro AG
• DIC CORPORATION
• Eternal Materials Co. Ltd
• Evonik Industries AG
• Hitech Industries FZE
• Novaresine SRL
• DSM
• Sir Industriale
• Stepan Company

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making.

Fox Nuts Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the fox nuts market will expand from USD 177.706 million in 2025 to USD 265.120 million in 2030 at a CAGR of 8.33% during the forecast period.

The seeds of the Euryale ferox plant are known as fox nuts, and in recent times, they have been seen to have a plethora of health benefits. Their rising popularity as a nutritious snack and a food used for food preparations has made the fox nuts market expand tremendously worldwide. The advantages of fox nuts are numerous, since they are very rich in fat and calorie values, as well as containing proteins, fibers, minerals, potassium, and magnesium. The trend towards healthy snacks has enhanced the demand for this product.

This snack is popular with both young and old and may serve as an alternative to traditional snacks, such as popcorn or chips. Being of vegetable origin, fox nuts are acceptable to vegans, and they are also gluten-free. The popularity of vegan diets has certainly sped up the market for zealots. These food items are of the class known as “clean food”. The fox nuts can enter many food items, being like other food items in regard to their taste, or one can use them as a snack. This makes them palatable when used with either family or professional cooking because there are many recipes that they lend themselves to.

Fox Nuts Market Report Highlights

• The segment of organic fox nuts is expected to witness the fastest growth during the forecast period. The increasing demand for health-boosting, chemical-free, and natural foods has promoted the increase in market demand for organically grown fox nuts. Organic varieties are grown without pesticides or synthetic fertilizers and are widely accepted by health-conscious and vegan consumers.
• The human consumption segment leads the way and is expected to be the fastest-growing application area of the market. With numerous advantages, including a high protein, low fat, antioxidant-rich profile that supports heart health, digestion, and weight management, consumption of fox nuts is growing as a super food. This increase in human consumption is driven primarily by the increasing customer preference for healthful snacking alternatives to fried and processed foods. The introduction of roasted, flavoured, and ready-to-eat products made from makhana has widened the appeal to urban consumers and international markets. The rising acceptance of fox nuts in breakfast cereals, bakery products, and confectionery usage will enhance the growth trajectory of this segment further.
• The online distribution channel is expected to witness the fastest growth in the fox nuts market. The rapid growth of e-commerce platforms and online grocery delivery has made fox nuts accessible to consumers all over the world. Online channels allow brands to reach a niche audience of health-oriented consumers and provide more product choices, price competition, and home delivery. Social media marketing and digital engagement by brands are also important in making available premium and flavored fox nut variations. The online channel continues to prosper ahead of conventional retail formats, with the birth of direct-to-consumer (D2C) brands and subscription-based snack boxes, compared to millennials to Gen Z people.
• Drivers influencing the barrel may be changing consumer favorability toward snacking, existing sales channels such as the internet, unconsolidated market participants, opportunities, and governmental motivation to induce healthy foods. It has increasingly been accepted in North America over the years as it pertains to food products sold over the internet.

Report Coverage:

Report Metric	Details
Fox Nuts Market Size in 2025	US$177.706 million
Fox Nuts Market Size in 2030	US$265.120 million
Growth Rate	CAGR of 8.33%
Drivers	Rising Demand for Healthy Snacks Increasing Popularity of Vegetarianism
Restraints	Fluctuations in Raw Material Prices Seasonal Production Dependence
Segmentation	Product Applications Distribution Channel Geography
List of Major Companies	Satjeevan Organic Maruti Makhana Madhubani Makhana Snackible Millet Amma

Fox Nuts Market Growth Drivers and Restraints

Growth Drivers:

• Rising Demand for Healthy Snacks: Consumers are demanding healthier snack options. Fox nuts stand out as low-calorie, high-protein, gluten-free, and vegan—perfectly aligned with clean-label trends.
• Increasing Popularity of Vegetarianism: The global shift toward plant-based diets has opened new markets for fox nuts as a cruelty-free, nutrient-dense superfood.

Restraints:

• Fluctuations in Raw Material Prices: Weather, labor costs, and government policies cause volatility in fox nut pricing, impacting margins and supply stability.
• Seasonal Production Dependence: Limited harvesting windows create supply gaps, leading to price spikes and inconsistent availability.

Fox Nuts Market Key Development

• Initiative: In September 2025, the Government of Bihar launched the National Makhana Board in Purnea with a Rs 475 crore development package to boost production, processing, and exports.
• Product Launch: In March 2025, eatThis Superfood™ introduced roasted foxnuts in the US with four flavors: BBQ, Organic Mint, Sea Salt Caramel, and Chili.

Fox Nuts Market Segmentation

Knowledge Sourcing Intelligence has segmented the Fox Nuts Market based on product, application, distribution channel, and region:

• By Product
  • Inorganic
  • Organic
• By Application
  • Human consumption
  • Industrial
• By Distribution Channel
  • Online
  • Offline
    • Hypermarkets
    • Supermarkets
    • Others
• By Region
  • North America (USA, Canada, Mexico)
  • Europe (UK, Germany, France, Italy, Spain, Others)
  • Asia Pacific (China, India, Japan, South Korea, Taiwan, Indonesia, Others)
  • South America (Brazil, Argentina, Others)
  • Middle East and Africa (Saudi Arabia, UAE, Others)

Fox Nuts Market Key Players

• Satjeevan Organic
• Maruti Makhana
• Madhubani Makhana
• Snackible
• Millet Amma
• Nutri Organic Farms
• House of Rasda
• Swad India
• Vanya Organic
• Elworld Organic
• Shaktisudha Makhana
• Harry Food Processing
• I Say Organic
• Karnavati Spices
• Mr. Makhana

About Knowledge Sourcing Intelligence (KSI)

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services across ten key sectors including Food & Beverage, Agriculture, and Healthcare.

, India.

Solar PV Glass Market Trends & Forecast

According to a research study published by Knowledge Sourcing Intelligence (KSI), the solar pv glass market will expand from USD 18.639 billion in 2025 to USD 53.528 billion in 2030 at a CAGR of 23.49% during the forecast period.

Solar PV glasses are built into the structure of the building in order to convert solar light into electricity. The governments of various countries around the world have been supporting the installation of solar PV glass, due to the rising concerns regarding climate change and to complete their targets of net zero emissions, which is anticipated to propel the growth of the solar PV glass market during the forecast period. Also, the increasing investments in solar energy are also a major contributing factor to the rise of solar PV glasses and are further expected to boost the market growth of solar PV glass in the coming years. However, the high cost associated with the installation of solar PV glass is expected to hinder the growth of the solar PV glass market.

The solar PV glass market has been classified on the basis of type, application, and geography. By type, the market has been classified on the basis of Tempered, Anti-Reflective (AR) Coated, Transparent Conductive Oxide (TCO) Coated, and others. On the basis of application, the segmentation has been done into Residential, Commercial, and Utility. Geographically, the market for solar PV glass has been distributed into North America, South America, Europe, the Middle East, and Africa, and the Asia Pacific.

Solar PV Glass Market Report Highlights

• The solar PV glass market is segmented into tempered glass, anti-reflective (AR) coated glass, transparent conductive oxide (TCO) coated glass, and others. Among these, tempered glass dominates the market due to its durability, strength, and ability to withstand extreme weather conditions. It is widely used in solar modules to provide protection and stability, making it the most preferred choice for large-scale installations. AR-coated glass, while smaller in share, is witnessing rapid growth as it enhances light absorption and improves module efficiency. TCO-coated glass and other specialty glasses are also gaining traction in advanced applications, but tempered glass continues to hold the majority share.
• Based on application, the market is divided into residential, commercial, and utility-scale sectors. The utility segment dominates the market, accounting for the largest share, as most solar projects are developed at utility scale to meet national renewable energy targets and supply electricity to the grid. These large installations require vast volumes of PV glass, making utilities the key demand driver. The commercial segment is growing steadily, supported by corporate sustainability initiatives and rooftop solar adoption in businesses. Residential applications, though smaller in comparison, are expanding rapidly with the rise in rooftop solar installations across developed and emerging economies.
• Geographically, the Asia Pacific region is anticipated to hold a significant market share and is expected to witness substantial growth owing to the presence of China, which is the major producer of solar panels globally. Also, the rising government support from the governments of the countries is projected to have a positive impact on the market growth in the region. The government initiatives and policies in various countries in the region, like China, India, and Vietnam, are boosting the adoption of solar energy. For example, under the National Solar Mission, the Indian government aims to boost solar energy for power generation with a goal of adding 20,000 MW of grid-connected solar power by 2022, creating measures like solar-specific RPOs under the National Tariff Policy, and plans to implement solar parks in various cities across the country.

Report Coverage:

Report Metric	Details
Solar PV Glass Market Size in 2025	USD 18.639 billion
Solar PV Glass Market Size in 2030	USD 53.528 billion
Growth Rate	CAGR of 23.49%
Drivers	Rising deployment of solar energy systems Supportive Government Policies and Incentives
Restraints	High Production Costs Volatility in Raw Material Prices
Segmentation	Type Application Geography
List of Major Companies in Solar PV Glass Market	Jinko Solar Kaneka Corporation KYOCERA Corporation Mitsubishi Electric Corporation SunPower Corporation

Solar PV Glass Market Growth Drivers and Restraints

Growth Drivers:

• Rising deployment of solar energy systems: One of the primary growth drivers for the solar PV glass market is the rising deployment of solar energy systems across residential, commercial, and utility sectors. With governments and private investors increasingly focusing on renewable energy generation, the demand for solar panels is accelerating, which directly translates into higher consumption of PV glass as a core module component.
• Supportive Government Policies and Incentives: Owing to the rising environmental pollution and climate change concerns, governments of various countries around the world have been providing support for the development of solar PVs in their respective countries, which is anticipated to propel the growth of the solar PV glass market during the forecast period. Recently, the German government has raised the expansion targets for solar PV in 2022, and the solar PV auctions are to rise threefold, from 1.9 GW to 6 GW. Reformed Germany’s Renewable Energy Act 2021 aims to increase the solar PV capacity of the country from the current 52GW to 100GW by 2030.

Restraints:

• High Production Costs: Despite strong growth prospects, the solar PV glass market faces challenges such as high production costs. The manufacturing of solar glass requires advanced equipment, high-purity raw materials, and significant energy input, making it more expensive compared to conventional glass. This cost barrier can deter adoption in price-sensitive markets.
• Volatility in Raw Material Prices: Another key restraint is the volatility in raw material prices. Inputs such as silica, soda ash, and energy are critical in glass production, and fluctuations in their costs directly affect the pricing of solar glass. This instability can reduce profitability for manufacturers and create uncertainty for project developers.

Solar PV Glass Market Key Development

• Product Development: In July 2025, SOLARCYCLE, a leading technology-based solar panel recycler, announced a breakthrough in solar circularity with the successful development of a proof-of-concept solar panel made with 50% recycled glass from end-of-life solar panels.

Solar PV Glass Market Segmentation

Knowledge Sourcing Intelligence has segmented the Solar PV Glass Market based on product type, technology, end-user, and region:

Solar PV Glass Market, By Product Type

• Floated Glass
• Rolled Glass
• Patterned Glass
• Others

Solar PV Glass Market, By Technology

• Crystalline Silicon PV Modules
• Amorphous Silicon PV Modules

Solar PV Glass Market, By End-User

• Residential
• Commercial
• Industrial

Solar PV Glass Market, By Region

• Americas
  • USA
  • Others
• Europe Middle East and Africa
  • Germany
  • France
  • UK
  • Others
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Malaysia
  • Others

Solar PV Glass Market Key Players

• Borosil Renewables Limited
• Targray Technology International Inc.
• Onyx Solar Group LLC
• AGC Inc
• ViaSolis
• Polysolar
• Canadian Solar Inc.
• JA Solar Technology Co., Ltd.
• Jinko Solar
• Kaneka Corporation
• SunPower Corporation
• Trina Solar