The "Solar Backsheet Market - By Installation (Floating Power Plant, Ground-Mounted, Roof-Mounted), By Type (Non-Fluoropolymer, Fluoropolymer), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 - 2026" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global solar backsheet market was valued at USD 1,827.9 Million in 2019 and is expected to reach over USD 3,046.6 Million by 2026, growing at a CAGR of around 7.7% during the forecast period from 2020 to 2026.
Solar backsheet is basically a covering which we can see on the back of solar panel which can be made from a polymer or combination of various types of polymer. Rising in the installation of solar PV and also government are introducing various policies for the adoption of renewable technologies. These all factors can boost the market for solar backsheet.
Global Solar Backsheet Market: Overview
The solar backsheet is basically the outer layer of the PV unit. The PV back sheet is designed to protect or shield the inside components of the unit/module, particularly the electrical components and photovoltaic cells from outer stresses, as well as they, also play the role of an electric insulator. To carry out this function, the solar backsheet should be extremely robust and strong, usually, it must have three-layer laminate, as well as it should have very high dielectric features. The most important function of solar backsheet is to guard PV module from the UV radiations, electrical insulation of the system, moisture penetration, and to offer strong protection to the PV module.
Global Solar Backsheet Market: Growth Factors
The solar backsheet market expansion and growth is likely to be driven by growing global solar PV set-up as well as latest policy support and initiatives from the governments to enable the implementation of renewable technologies, along with the increasing need and requirement to lessen carbon emissions. The global solar backsheet market is also increasing at a rapid pace, assisted by subsequent strong development in the solar PV sector particularly in countries such as Italy, Germany, the U.S., and China.
The global solar backsheet market is also expected to grow by the augmented economic incentives which are being presented to the solar PV sector by state and the federal governments. Decreased production price, coupled with technological developments as well as government policies, is likely to contribute considerably to the expansion and development of the industry. The research and developments that are being implemented by different research institutes are also projected to fuel the development of installed capacity.
Global Solar Backsheet Market: Segmentation
The global solar backsheet market can be classified in terms of installation, which is further divided into floating power plant, ground-mounted, and roof-mounted. The floating power plant division market is projected to grow in the years to come.
The global solar backsheet market has been further categorized, in terms of type, which is bifurcated into non-fluoropolymer and fluoropolymer. The non-fluoropolymer division is anticipated to develop at the highest rate in the coming future.
Global Solar Backsheet Market: Regional Analysis
The solar backsheet market in the U.S. is expected to grow at a significant rate. The market is likely to mature rapidly in this region and solar backsheet is economically competitive as compared to other accessible energy sources. Furthermore, the global solar backsheet market has been an authorized incubator for job development in the region. According to the U.S. Department of Energy, solar jobs in this region are anticipated to grow significantly.
The global solar backsheet market in Europe is anticipated to grow and expand at a maximum rate. On the other hand, stringent regulation related to tariffs and investment may restraint solar backsheet installations in this region. Thereby, the industry is expected to witness considerable expansion in the coming years, but ongoing authoritarian reforms adhered by the national renewable integration objectives are projected to positively influence the global solar backsheet market development.
Global Solar Backsheet Market: Competitive Players
Some of the most important market players in the solar backsheet market are
- ZTT International.
- Toyo Aluminium
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