Solar Backsheet Market Scenario
The global solar backsheet market is
estimated to expand at 7.20% CAGR during the forecast period. 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.
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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.
Based on application, the market is
segmented as utility, residential, commercial, industrial, and military.
Utility segment is estimated to dominate the market during the forecast period
due to the increase in installations of solar plants for distributed power
generation and utility. The installation is majorly taking place in Europe,
North America, and Asia Pacific.
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Regional Analysis
Region wise, 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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