Solar PV Backsheet Market: Current Analysis and Forecast (2022-2028)

Report Description

REQUEST FREE SAMPLE PDF

Global Solar PV Backsheet Market is expected to grow at a significant rate of around 19% during the forecast period 2022-2028.

The solar photovoltaic (PV) backsheet market refers to the demand for backsheet materials used in the manufacturing of solar panels. The backsheet serves as a protective layer for the PV module and is critical for ensuring the durability and longevity of the panel. The market for solar PV backsheets is growing due to the increasing demand for solar energy and the expansion of the solar industry. The market is expected to continue its growth trend in the coming years, driven by factors such as declining costs of solar panels, increasing governmental support for renewable energy, and growing demand for energy-efficient solutions. Also, the solar PV backsheet is a critical component in the protection of PV modules from environmental degradation and electrical hazards. The market is expected to grow due to the increasing demand for solar energy and the need for durable, weather-resistant materials in solar panels.

DuPont, Agfa-Gevaert NV, HANGZHOU FIRST APPLIED MATERIAL CO.LTD., DUNMORE, Mitsubishi Polyester Film Inc., TORAY INDUSTRIES, INC., Covem, Isovoltaic, Canadian Solar, and Jolywood are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, fluoropolymer category to witness higher market growth during the forecast period.”

Based on the type, the market is bifurcated into the fluoropolymer and non-fluoropolymer segments. Due to its capacity to shield panels from atmospheric exposure such as rain, cold, etc., and to reduce the adverse effects of electric shock from any source, fluoropolymer segments are expected to experience considerable market expansion over the course of the projection period. Additionally, fluoropolymers, which are inert by nature and have low surface energy, could be employed as the junction box’s glue. Also, they have exceptional chemical resistance, high-temperature tolerance, low coefficient of friction, and non-stick properties and are expected to contribute to market growth.

Speak To Analyst

“Amongst application, the utility segment to hold a significant share in the market in 2020.”

On the basis of application, the market is categorized into commercial, industrial, utility, and residential segments. Among these, the utility segment to hold a significant share of the market in 2020. This is mainly due to the increasing demand for energy and power around the world. Also, Utility-scale solar energy systems often use high-performance backsheet materials, such as those made from fluoropolymers, which provide additional protection against extreme temperatures, UV radiation, and moisture. The use of high-quality backsheets in utility-scale solar systems helps to increase the reliability and efficiency of the panels while reducing the risk of degradation and failure and is expected to support market growth.

“Asia-Pacific to hold a significant share in the market.”

In 2020, Asia-Pacific held a significant share of the global solar PV backsheet market. This is mainly attributed to the region’s rising energy consumption and rising use of renewable energy sources. Additionally, the focus on replacing the aging power infrastructure with the smart grid and smart technologies as well as the strict government regulations for carbon emissions are expected to propel the market expansion during the forecast period. In addition, the beginning of a new renewable energy project and an increase in grid technology digitalization will promote market expansion. For instance, according to the power technology, there are several solar power projects have been launched in the Asia-Pacific including Golmud Solae CSP Power Plant in China and Mudigubba Solar Park in India. Additionally, it is expected that rising R&D expenditures and investments in transmission and distribution infrastructure will fuel industry expansion.

Request For Customization

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global solar PV backsheet market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team

Research Methodology

Research Methodology for the Solar PV Backsheet Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global solar PV backsheet market were the three major steps undertaken to create and analyze the adoption of solar PV backsheets in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global solar PV backsheet market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

REQUEST FREE SAMPLE PDF

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the solar PV backsheet market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the solar PV backsheet market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, installation, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Solar PV Backsheet market. Further, we conducted factor analysis using dependent and independent variables such as various types, installations, and applications of solar PV backsheets. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the solar PV backsheet market sector across the globe.

Speak To Analyst

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global solar PV backsheet market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the solar PV backsheet market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global solar PV backsheet market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Request For Customization

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global solar PV backsheet market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, installation, and application in the global solar PV backsheet market.

The main objective of the Global Solar PV Backsheet Market Study

The current & future market trends of the global solar PV backsheet market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the solar PV backsheet market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type, installation, and application.
• Define and analysis of the regulatory framework for the solar PV backsheet
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the solar PV backsheet market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the solar PV backsheet market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team