Solar
backsheet is the outermost layer of the photovoltaic (PV) module which is used
to protect the components of the PV module and act as an electric insulator.
Solar backsheet is installed on the ground, roof, and on the floating power plant.
They are majorly used in utilities, residential complexes, commercial areas,
and industrial applications. Solar backsheet have been very useful to protect
the PV module from UV rays, moisture penetration to offer durability to the PV
module. The global solar backsheet market is estimated to expand at 7.20% CAGR
during the forecast period.
Need
for reduction of carbon emission is also likely to drive the solar backsheet
market. Solar power is widely used as it is an affordable source of electricity
and helps to reduce energy bills along with cutting down the CO2 emissions that
affect our environment. For instance, according to Bloomberg New Energy
Finance (BNEF), India is building multiple large solar power parks which would
include half of the world’s ten largest solar parks. Thus, accelerating the
demand for solar backsheet.
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The
growing demand for solar backsheet market is attributed to the increasing
installation of solar PV panel and growing focus on increasing renewable energy
share in the total power generation mix. Major utlities are increasing their
investment in solar power parks to provide its customers with reduced
electricity cost and reduce carbon emission . One of the major restraints for
the global solar backsheet market is the high installation cost of solar PV
power.
Industry Segmentation:
The
solar backsheet market has been segmented based on installation into ground
mounted, rooftop mounted, and floating power plant. Among these types, rooftop
mounted is the fastest growing segment in the solar backsheet market as it is
comparatively easier to install, and costs less compared to other two types of
installation.
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Regional Outlook:
Asia
Pacific held the largest market share of the global solar backsheet market in
2017. It is estimated that Asia-Pacific region would be the fastest growing
market during the forecast period, mainly due to the rising investment in
renewable energy sources and high demand for solar backsheet by the utilities.
The solar backsheet market would be mainly driven by the favorable government
initiatives to increase the investment in renewable energy to reduce carbon
emission.
Key Players:
The
key players of the global solar backsheet market are Honeywell (US), Agfa
(Belgium), Dupont (US), Jolywood (China), Isovoltaic (Austria), 3M (US),
Dunmore Corporation (US), Hangzhou Sunhome Solar Backsheet Co.,Ltd. (China),
Krempel (Germany), and Flexcon (US), among others.
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