The global demand for Solar Encapsulation Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Solar encapsulation is basically the technique used to protect solar panels against degradation from external factors. It ia a vital step in the construction of solar cells. It includes encapsulating photovoltaic (PV) cells with a polymeric material, generally ethylene vinyl acetate (EVA) film. The role of encapsulation film is to protect the solar cell and ensure its performance and efficiency. It provides adhesion between the solar cells, the top surface and the rear surface of the PV module. Solar encapsulation protects the solar cell from corrosion and ultraviolet (UV) radiation and extends the life of solar cells., It provides optical and electrical transmissivity by keeping the moisture out.
Market Dynamics
The key factor driving the demand for the solar encapsulation market is the widespread adoption of solar panels and the escalating demand for electricity all over the globe. Growing environmental concerns and depleting conventional energy sources are other factors contributing to the growth of this market. Rising private and public investments to modernize the existing infrastructure are surging the demand for the solar encapsulation market. Moreover, the development of low-cost encapsulant materials, amorphous silicon cells, and non-EVA-based encapsulations are expected to create lucrative growth opportunities for this market in the upcoming years. In addition, the availability of favourable policies and subsidies on the installation of solar panels by governments of various countries is expanding the demand for this market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of solar encapsulation. The growth and trends of solar encapsulation industry provide a holistic approach to this study.
Market Segmentation
This section of the solar encapsulation market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Material
- Ethylene Vinyl Acetate (EVA)
- Polyvinyl Butyral (PVB)
- Polydimethylsiloxane (PDMS)
- Ionomer
- Others (Thermoplastic Polyurethane (TPU) & Polyolefin)
By Technology
- Single-Crystal/Polycrystalline Silicon Solar Technology
- Thin-Film Solar Technology
- Cadmium-Telluride (CDTE)
- Copper-Indium-Gallium-Selenide (CIGS)
- Amorphous Silicon (A-Si))
By Application
- Construction
- Electronics
- Automotive
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Solar Encapsulation market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Solar Encapsulation Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the solar encapsulation market include STR Holdings Inc. (U.S.), Hangzhou First PV Material Co. Ltd. (China), Solutia (U.S.), Bridgestone (Japan), Dow Corning (U.S.), DuPont (U.S.). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.
