Solar PV Backsheet Market Size to cross $2.3bn by 2024
Published Date: September 3, 2019 Authors: Ankit Gupta, Aditya Singh Bais
Solar PV Backsheet Market size is poised to cross USD 2.3 Billion by 2024, as reported in the latest study by Global Market Insights, Inc.
Prevailing proliferation across the PV industry coupled with favorable regulatory framework will stimulate the solar PV backsheet market growth. The industry has witnessed extensive global unit deployments on account of national renewable integration targets coupled with increasing concerns toward environmental security. In addition, soaring investments from funding consortiums backed by streamlined fund flow & planned by the regulators across developing nations will positively influence the business size.
Effective product advancements have resulted in the evolution of advance PV technologies which in turn will propel the industry growth. Emerging electricity markets across Asia Pacific and Africa prone to the rapid expansion of solar deployments coupled with favorable legislative measures supporting the adoption of roof-top technology will augment the industry growth. Furthermore, the provision for solar investment taxes along with critical tax rebates and subsidies to support the designing and construction of solar photovoltaics across major nations will significantly augment the industry growth.
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TPE backsheets market is predicted to grow over 4% by 2024. Abundant availability of cost-effective and efficient auxiliary backsheet technologies have restrained the product penetration over the years. Enhanced operational flexibility and elevated efficiency are a few key parameters to justify the product demand.
Saudi Arabia solar PV backsheet market in 2016, was valued over USD 1 million. Positive regulatory framework to promote the adoption of photovoltaic technology will fuel the industry share. The country has established favorable regulatory measures and set national targets for the deployment of renewable energy assets which will further complement the business outlook. In addition, growing solar PV installations coupled with the demand for higher PV module efficiency will boost the industry growth.
Browse key industry insights spread across 453 pages with 702 market data tables & 34 figures & charts from the report, “Solar PV Backsheet Market Size By Product (TPT-Primed, TPE, PET, PVDF, PEN), By Thickness (<100 Micrometre, 100 To 500 Micrometre, > 500 Micrometre), By Material (Fluoride, Non-Fluoride), By Technology (Crystalline, Thin Film, Ultra-Thin Film), Industry Analysis Report, Regional Analysis, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
Fluoropolymer based solar PV backsheet market will witness growth owing to their operational longevity and early adoption. The product subject to its better insulation properties and higher efficiency in comparison to its competitive alternatives has been an ideal choice for the industry players across the globe. In addition, increasing consumer inclination toward the renewable energy assets along with ongoing deployment across commercial and residential establishments will foster the industry outlook.
Substantial decrease in the PV component price owing to its rising production along with rising emphasis to curtail building emissions will drive the industry growth. Increasing adoption of economies of scale along with the growing deployment of solar-based generating units to cater off-grid and remote electricity demand will stimulate the product demand. Furthermore, the national solar photovoltaic integration targets coupled with financial aids associated with community-based & rooftop solar installations will further thrust the business growth.
Brazil solar PV backsheet market with respect to feed-in premiums, upfront incentives and levied solar tax credits is set to exceed 13% by 2024. Market-based flexible incentives, associated investment funds, soft costs and simplified compensation schemes will further increase the product penetration. In addition, favorable consumer tendencies toward solar rooftops and building mounted solar establishments will positively influence the industry landscape.
Prominent market participants include ZTT International, Hangzhou, Taiflex, Isovoltaic, DuPont, Targray, 3M, Toyo Aluminium, Toray, Astenik, Arkema, Krempel, Dunmore, Madico and Coveme.
The solar pv backsheet market research report includes in-depth coverage of the industry with estimates & forecast in terms of million square foot and USD Million from 2013 to 2024, for the following segments:
- < 100 Micrometer
- 100 to 500 Micrometer
- > 500 Micrometer
- Thin Film
- Ultra-Thin Film
The above information is provided on a country basis for the following:
- North America
- Asia Pacific
- South Korea
- Middle East
- Saudi Arabia
- South Africa
- Latin America