Solar Backsheet Market: Introduction
A solar backsheet is the outer layer at the bottom of the solar photovoltaic panel which plays a significant role in the generation of electric energy through the photovoltaic solar cell. Solar backsheet is typically made up of the combination of the polymer based on fluoride and non-fluoride material. Solar backsheet is designed to protect the inner components of the solar photovoltaic panel, especially the electrical component and solar cell from the external forces or stresses. Solar backsheet is also working as electrical insulation in the solar PV panel. The solar photovoltaic panel is widely used in the residential, commercial, and industrial sectors to convert solar energy into electric energy. Solar energy is the renewable energy source, and it reduced the consumption of non- renewable sources of energy to generate electricity. Solar Backsheet is widely used in many industries such as automotive, aerospace to reduce CO2 emission and unwanted noise generation by manufacturing electric vehicles.
Moreover, the selection of solar backsheet material for solar photovoltaic panel has an impact on the way they withstand elements such as temperature changes, moisture, physical damages, chemical substances and their performance over a tenure. An ideal solar backsheet material is able to protect the solar or photovoltaic cell from UV rays, moisture, and physical damage or scratches from the external activities during installation and maintenance. Solar backsheet is also reducing the occurrence of thermal degradation and electrical discharge. The solar backsheet material is layered with encapsulation on the solar cell.
Solar Backsheet Market: Dynamics
Stringent government regulations for emission control from various end-use industries such as automotive, aerospace, among others are the primary factor to drive the Solar Backsheet market during the forecast period. Moreover, increasing focus on renewable energy sources to generate electricity, and installation of the solar photovoltaic panel to generate electric energy from solar energy is continuously growing across the globe. Such factors are projected to significantly drive the solar backsheet market across the globe during the forecast period. Solar energy is also a cost-effective and affordable energy source of electricity, and also helps to reduce the energy consumption along with reduction in a CO2 emission that adversely affect the environment. Moreover, according to EIA, solar power is the third most prevalent renewable electrical energy source. Some of the factors also drive the solar backsheet market over the forecast period.
However, the first time investment for the installation of the solar photovoltaic module is high, and such factor is anticipated to hampering the growth of the solar backsheet market during the forecast period
Solar Backsheet Market: Segmentation
The global Solar Backsheet market can be segmented on the basis of Material Type, Cell Type, Installation, End-Use, and region.
On the basis of Material Type, the Solar Backsheet market has been segmented as:
- Fluoride Polymer
- Non-fluoride Polymer
On the basis of Cell Type, the Solar Backsheet market has been segmented as:
- Photovoltaic Cell
- Thin Film Solar Cell
On the basis of Installation, the Solar Backsheet market has been segmented as:
- Floating Power Plant
Based on End-Use, the Solar Backsheet market has been segmented as:
Solar Backsheet Market: Regional Outlook
Geographically, Asia Pacific is estimated to account for significant market share in the solar backsheet market owing to the increasing installation of the solar photovoltaic panel to generate electric energy from the renewable energy sources. Continuously, growing investment in India China, Japan to generate electric energy from renewable energy sources such as solar energy are mainly driving the solar backsheet market during the forecast period. According to BNEF, India is building a multiple solar power parks to utilize renewable sources to energy to generate electricity. Thereby, the demand for solar backsheet is projected to grow significantly in upcoming years
North America is estimated to witness for sustainable growth in the Solar Backsheet market owing to demand for cost-effective, high efficiency and eco-friendly energy sources to meet stringent government regulations and standards. Europe is expected to witness of significant growth of Solar Backsheet market owing to rising in focus on renewable energy sources for electricity and manufacturing and sales of electric vehicles over the forecast period. Latin America and Middle East & Africa are estimated to witness considerable growth during the forecast period
Solar Backsheet Market: Market participants
Some of the market participants identified across the value chain of the Solar Backsheet market are:
- DowDupont Inc.
- The 3M Company
- Nippon Light Metal Holdings
- Madico Inc.
- HANGZHOU FIRST APPLIED MATERIAL CO., LTD.
- TAIFLEX Scientific Co., Ltd.
- KREMPEL GmbH
- Astenik Solar Inc.
The research report presents a comprehensive assessment of the Solar Backsheet market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated Solar Backsheet market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Solar Backsheet market segments such as geographies, application, and industry.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Market Supply/Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Solar Backsheet market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected Solar Backsheet market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Solar Backsheet market performance
- Must-have information for Solar Backsheet market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Company
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