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Due to increased technology and wide implementation, the global glass fiber market might reach US$17.4 billion by 2024, compared to US$8.5 billion in 2014. Since it is the most widely used material for reinforcement in composites around the globe, the expansion of end use applications such as construction, transportation and wind turbines has fueled its popularity. Asia Pacific held the major share of the global market in 2014 with more than 45% volume share. However China is currently the largest producer. The industry receives subsidies from the Chinese government allowing them to export it cheaper to the US and Europe. However, due to the higher demand in the near future some price wars have started to developed to implement anti dumping strategies such as tariffs on Chinese glass fiber.
A 2014-published life-cycle analysis of land use for various sources of electricity concluded that the large-scale implementation of solar and wind potentially reduces pollution-related environmental impacts. The study found that the land-use footprint, given in square meter-years per megawatt-hour (m2a/MWh), was lowest for wind, natural gas and rooftop PV, with 0.26, 0.49 and 0.59, respectively, and followed by utility-scale solar PV with 7.9. For CSP, the footprint was 9 and 14, using parabolic troughs and solar towers, respectively. The largest footprint had coal-fired power plants with 18 m2a/MWh.
As the cost of solar electricity has fallen, the number of grid-connected solar PV systems has grown into the millions and utility-scale solar power stations with hundreds of megawatts are being built. Solar PV is rapidly becoming an inexpensive, low-carbon technology to harness renewable energy from the Sun. The current largest photovoltaic power station in the world is the 850 MW Longyangxia Dam Solar Park, in Qinghai, China.