Global Solar Backsheet Market 2020 Industry research report provides an In-Depth analysis that includes an executive summary, definition, and scope of the market.
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.
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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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.
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.
Scope of the Report
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global solar backsheet market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis
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