Solar
PV Backsheet Market Analysis
The
global solar backsheet market is expected to exhibit a robust 7.20% CAGR over
the forecast period from 2018 to 2023, according to the latest research report
published by Market Research Future (MRFR). The global Solar
PV Backsheet Market is mainly driven by the growing awareness about the
benefits of solar power in comparison to traditional methods of power
generation, which has driven investment in the development of capable solar
power projects all over the world. The growing interest in solar power is likely
to smoothen the global solar backsheet market’s progress over the forecast
period.
Solar
backsheets are the supporting material in a solar cell and is usually made from
polymers or other lightweight materials. Solar backsheets provide physical,
mechanical support and protection to the solar cell. The solar backsheet is
especially important in areas where environmental factors such as wind can
damage solar power installations. The crucial support provided by solar
backsheets to solar panels is likely to drive their demand over the forecast
period.
The
growing government support to the development of solar power infrastructure is
likely to be a major driver for the global solar backsheet market over the
forecast period. Several developed countries have established solid solar power
infrastructures with a view to acquiring all their power from renewable,
environmentally viable methods. Developing countries such as India and China
are also major players in the global solar power market due to the abundant
availability of solar power in these countries and the high potential of solar
power in terms of being able to replace conventional electricity generation
procedures and emerge as a major source of power over the forecast period and
beyond.
Emerging
regions such as Africa and Latin America have also made major efforts in
acquiring solar power technology and infrastructure in recent years. Countries
in these regions are likely to make significant investments in solar power
infrastructures in the coming years, as solar power represents the ideal method
of power generation for countries where conventional sources such as coal or
nuclear power may be financially out of reach. The growing commercial potential
of the solar energy market has also driven significant research efforts in
solar power components such as backsheets. This is likely to drive the global
solar backsheet market over the forecast period.
Competitive Analysis:
Leading
players in the global solar PV backsheet market include Flexcon, Krempel, Hangzhou
Sunhome Solar Backsheet Co. Ltd., Dunmore Corporation, 3M, Isovoltaic, Jolywood,
Dupont, Agfa, and Honeywell.
Solar
PV Backsheet Market Segmentation:
The
global solar backsheet market is segmented on the basis of type, installation,
application, and region.
By
type, the global solar backsheet market is segmented into fluoropolymer and
non-fluoropolymer.
By
installation, the global solar backsheet market is segmented into roof mounted,
ground mounted, and floating power plants.
By
application, the global solar backsheet market is segmented into utilities,
residential, military, industrial, and commercial.
Regional Analysis:
Asia
Pacific is likely to hold on to the largest share in the global solar backsheet
market over the forecast period due to the growing demand for solar power
projects in China, India, and a number of other Asia Pacific countries. The
environmental viability, low costs, and convenient linkage of solar power with
conventional mainline grids have driven the demand for solar power in the
emerging region, which has driven the solar backsheet market in the region as
well. Several countries in the region are trying to develop localized power
generation infrastructures based on solar and hydropower, leading to a growing
demand from the solar backsheet market. Asia Pacific is also likely to exhibit
the highest growth rate over the forecast period due to the growing demand for
solar power projects in the region. China is likely to remain the leading
country-level market.
https://pressreleasepost.co.uk/photovoltaic-backsheet-market-size-share-growth-and-forecast-to-2023/
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