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North America Crystalline Solar PV Backsheet Market Trends

Report ID: GMI8731
Published Date: Mar 2024
Report Format: PDF

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North America Crystalline Solar PV Backsheet Market Trends

Ongoing integration of solar PV systems in diverse applications including residential, commercial, industrial, and utility-scale projects will stimulate the product adoption. Introduction of initiatives to reduce the cost of these systems, including advancements in manufacturing processes and economies of scale will stimulate the growth prospects. Furthermore, integrating bifacial modules and building-integrated photovoltaics (BIPV) drives innovation and diversification in backsheet solutions which will enhance the growth prospects.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of North America crystalline solar PV backsheet was reached USD 2.1 billion in 2023 and is anticipated to grow at a CAGR of 1.1% through 2032, driven by favorable government policies and incentives promoting renewable energy adoption, including tax credits and rebates.

PVDF product type segment held a decent share of the North America crystalline solar PV backsheet market in 2023 and is set to grow at a CAGR of over 1% up to 2032, on account of its exceptional durability, thermal stability, and UV resistance.

U.S. crystalline solar PV backsheet market is anticipated to exceed USD 2.1 billion by 2032, driven by increasing adoption of solar energy along with increasing solar installations across residential, commercial, and utility-scale sectors.

3M, Astenik Solar, Arkema, Cybrid Technologies Inc, Coveme, DUNMORE, DuPont, Endurans Solar, Flexcon, Krempel GmbH, SILFAB SOLAR INC. are some of the major industry contenders.