Press Release

Solar Backsheet Market Size, Revenue Growth Opportunities And Geographical Forecast Till 2026 | Fortune Business Insights

Top Players in Solar Backsheet Market are DuPont, Isovoltaic, Coveme, Arkema, 3M, Toyo Aluminium, Madico, Hangzhou, Taiex, Krempel, Targray, Toray, Dunmore, Astenik, ZTT International, Cybrid, and Jolywood

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.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/global-solar-back-sheet-market-100477

Top Players Overview:

  • DuPont
  • ISOVOLTAIC AG
  • Coveme
  • Arkema
  • 3M
  • Krempel GmbH
  • Targray
  • Toray Advanced Composites
  • Dunmore
  • ZTT INTERNATIONAL
  • Cybrid
  • 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.

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Key Market Driver – Demand shift towards clean energy

Key Market Restraint – Installation cost and area required for installation

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:

1. By Type

  • Fluoropolymer
  • Non-fluoropolymer

2. By Installation

  • Roof Mount
  • Ground Mount
  • Floating Power Plant

3. By Application

  • Residential
  • Commercial
  • Industrial
  • Utilities

4. By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

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

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Key Industry Developments

  • In February 2019, In international PV EXPO, 2019, Jinkosolar working with Dupont unveiled their new bifacial project swan which has Tedlar PVF film-based backsheet used for higher efficiency
  • In April 2019, Wisconsin a state in the north-central U.S., the public service commission approved five interrelated cases that will lead to a five-fold expansion of solar energy in Wisconsin, which would lead to about 1.3% of Wisconsin’s annual electricity consumption
  • In May 2018, DuPont Photovoltaic Solutions launched the first transparent PV module back sheet material, specifically for bifacial solar modules at the SNEC international photovoltaic power generation and smart energy exhibition held in Shanghai

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

Regional Analysis:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/solar-backsheet-market-100477

Major Table of Content For Solar Back Sheet Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Solar Back Sheet Market Analysis, Insights and Forecast, 2026
  6. North America Solar Back Sheet Market Analysis, Insights and Forecast, 2026
  7. Europe Solar Back Sheet Market Analysis, Insights and Forecast, 2026
  8. Asia Pacific Solar Back Sheet Market Analysis, Insights and Forecast, 2026
  9. The Middle East and Africa Solar Back Sheet Market Analysis, Insights and Forecast, 2026
  10. Latin America Solar Back Sheet Market Analysis, Insights and Forecast, 2026
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

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Jessie Denton

Jessie is the contributing author and editor for the electric vehicle column. She is an automobile engineer and has hypothesized many designs of vehicles based on the renewable sources of energies. She is also an excellent writer, and hence her contribution to the website is noteworthy. Her articles tell about the market of e vehicle, the rise, the drop and also the future predictions.

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