Governments around the world are increasingly focusing on fulfilling their green energy targets, which is likely to drive the global Solar Backsheet market. This information was shared in a report, titled “Solar Backsheet Market Size, Share And Global Trend By Type (Fluoropolymer, Non-fluoropolymer), By Installation (Roof Mount, Ground Mount, Floating Power Plant), By Application (Residential, Commercial, Industrial, Utilities), And Geography Forecast Till 2026.” The primary objective of Solar Backsheets is to protect the photovoltaic (PV) module from harmful UV radiations, electric insulation, and moisture penetration of the system. This will further offer better durability and safeguard the inner components of the PV module.
Top Players Overview:
- ISOVOLTAIC AG
- Krempel GmbH
- Toray Advanced Composites
- ZTT INTERNATIONAL
- Jolywood (Taizhou) Solar Technology Co.,Ltd.
China’s Strong Investments in Solar Projects Drives the Market in Asia Pacific
Among regions, Asia Pacific is expected to register substantial growth in the global Solar Backsheet market during the forecast years. This is mainly attributable to the growing installation of solar PV back sheets, especially in India and China. Moreover, China is the largest producer of PV panels and solar panels.
The market in Europe is expected to grow considerably as Germany is the largest producer of solar energy. This is followed by the U.K., Italy, and Spain. According to the European Commission, the government is expected to invest around US$ 28.44 billion in renewable sources between 2020 and 2050. This is likely to increase the demand for installing solar power parks across countries in Europe. This, as a result, is anticipated to drive the Solar Backsheet market in Europe in the forthcoming years.
The demand for Solar Backsheets is likely to increase in North America during the forecast period. The U.S. is the largest producer of solar energy is expected to encourage growth in the market in North America.
Increasing Adoption of Clean Energy Bodes Well for the Market
Governments around the world have implemented policies to increase the adoption of renewable sources. “The growing need to reduce carbon emissions is likely to increase solar PV installations,” said a lead analyst at Fortune Business Insights. “This, coupled with rising focus on renewable sources, is further expected to increase the adoption of solar photovoltaic, thus driving the Solar Backsheet market,” he added. The use of solar energy is increasing as it is affordable and helps to protect our environment by reducing carbon dioxide emissions. The rising focus to protect the environment from harmful emissions is likely to increase the adoption of solar backs sheets. Moreover, the provision of tax rebates and government incentives for installing solar panels are increasing the encouraging Solar Backsheet manufacturers to invest in solar energy.
However, certain factors may hamper the growth of the market. These include high storage and installation cost of solar PV are some of the major factors that may impede the market’s growth to an extent. Nevertheless, the rising support from governments is expected to minimize the cost of installations, which in turn, can drive the market during the forecast period.
Key Segmental Overview:
- By Type
- By Installation
- By Application
- By Geography
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive the competition and maintain their stronghold.
Wisconsin Public Service Commission Approves 5-fold Solar Energy Expansion in April 2019
DuPont, Coveme, Isovoltaic, Arkema, Jolywood, Toyo Aluminium, 3M, Madico, Taiflex, Hangzhou, Krempel, Toray, Targray, Dunmore, Cybrid, ZTT International, and Astenik are some of the major companies functioning in the global Solar Backsheet market. Several companies are planning to launch new Solar Backsheets to encourage improvements in solar panel systems. For instance, JinkoSolar announced the launch of a bifacial project in February 2019. With the help of DuPont’s tedler-based Solar Backsheets, the company plans to gain energy by 20% and continuously improve solar panel power output. DuPont Photovoltaic Solutions announced the launch of its first transparent PV module back sheet material. This launch was made in May 2018, focusing on bifacial solar modules at the smart energy exhibition and SNEC international photovoltaic power generation in Shanghai. The rising support from governments is also stimulating growth in the market, the Public Service Commission of Wisconsin approves a 5-fold expansion of solar energy projects in April 2019. The objective of this project is to fulfil the electricity needs of each and every household in Wisconsin in the forthcoming years.
The increased spending on energy and power across the world is another factor likely to drive the Solar Back Sheet Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Solar Back Sheet Market
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Browse Complete Report at https://www.fortunebusinessinsights.com/industry-reports/global-solar-back-sheet-market-100477
Major Table of Content For Solar Back Sheet Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Solar Back Sheet Market Analysis, Insights and Forecast, 2014-2025
- North America Solar Back Sheet Market Analysis, Insights and Forecast, 2014- 2025
- Europe Solar Back Sheet Market Analysis, Insights and Forecast, 2014-2025
- Asia Pacific Solar Back Sheet Market Analysis, Insights and Forecast, 2014-2025
- The Middle East and Africa Solar Back Sheet Market Analysis, Insights and Forecast, 2014-2025
- Latin America Solar Back Sheet Market Analysis, Insights and Forecast, 2014-2025
- Competitive Landscape
- Company Profile
View Related Reports: