New York, July 5, 2021 (GLOBE NEWSWIRE) – Solar Backsheet Market Overview: According to a comprehensive research report from Market Research Future (MRFR), “Solar Backsheet Market Research report by Type, Installation, Application & Region – Global Forecast to 2027 ” The market size is expected to reach USD 5.6 billion by 2027, registering a CAGR of 7.20% during the forecast period (2021 – 2027). The market was valued at $ 2.41 billion in 2020.
Solar Backsheet Market Scenario
The global solar backsheet market is expected to grow at a high rate during the forecast period, mainly due to the increase in solar PV installation and government policy support to enable the adoption of renewable technologies. According to the European Commission, it is estimated that $ 28.44 billion is to be invested in renewable energy sources by the government between 2020 and 2050. This would lead to an increase in installation in solar parks across Europe . This will boost the solar backsheet market in the years to come. The global solar backsheet market has been segmented on the basis of type, installation, application, and region. On the basis of type, the market is classified into fluoropolymer and non-fluoropolymer. Fluoropolymer segment dominates the market and holds the largest market share mainly due to its early adoption and superior efficiency compared to backsheet without fluoropolymer. The global solar backsheet market is further segmented on the basis of application including utilities, residential, commercial, and military. The utilities segment of the global solar backsheet market is expected to register the highest growth rate during the forecast period.
Get a Free Sample PDF Brochure
The major players presented in the global solar backsheet market research report are
- Honeywell (United States)
- Agfa (Belgium)
- Dupont (United States)
- Jolywood (China)
- Isovoltaic (Austria)
- 3M (United States)
- Dunmore Corporation (United States)
- Hangzhou Sunhome Solar Backsheet Co., Ltd. (China)
- Krempel (Germany) and
- Flexcon (United States), among others.
Browse the in-depth market research report (111 pages) on Solar Backsheet
Scope of the report
The report segments the solar backsheet market, by application, into utilities, industrial, commercial, residential, and military. The utilities segment is expected to be the largest market. This segment is primarily driven by the global increase in solar power plant installations, both for power generation and distributed applications, to meet global demand for electricity.
The report segments the solar backsheet, by installation, into rooftop, ground, and floating power plant. The floating power plant market is expected to grow at the highest CAGR during the forecast period. The growth of the market can be attributed to the ability of these plants to generate more electricity due to the cooling nature of the water. Floating power plants also solve the problems of land constraints, which are a major obstacle in ground-based solar installations.
Share your requests https://www.marketresearchfuture.com/enquiry/7066
The solar backsheet market has been further segmented, on the basis of type, into fluoropolymer and non-fluoropolymer. The non-fluoropolymers segment is expected to grow at the fastest rate during the forecast period. This growth can be attributed to its profitability over the fluoropolymer based backsheet.
In this report, the market has been analyzed with respect to 4 regions namely, North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is expected to dominate the global solar backsheet market during the forecast period owing to the significant increase in solar PV installations in China and India. China is the largest market in Asia-Pacific and is investing heavily in solar photovoltaic energy to reduce carbon emissions and meet its energy needs. Asia-Pacific is also expected to be the fastest growing market, followed by North America.
Market segmentation covered by research:
Solar Shading Sheet Market Research Report: Information by Type (Fluoropolymer and Non-Fluoropolymer), Installation (Rooftop Mount, Ground Mount, Floating Power Plant), Application (Utility, Residential, and Others) and Region – Forecast worldwide until 2027
2. Market presentation
2.1. Market definition
2.2. Scope of the study
2.3. Market structure
3. Research methodology
3.1. Primary research
3.2. Secondary research
3.3. Market size estimate
3.4. Forecast model
3.5. List of hypotheses
4. Market dynamics
4.1.1. Increase in photovoltaic solar installation
4.1.2. Growing share of renewable energy sources in the electricity production mix
4.1.3. Government support to enable the adoption of renewable technologies
4.2.1. High installation cost of photovoltaic solar energy
4.3.1. Technological advancement
4.4. Porter’s Five Forces Analysis
4.4.1. The threat of new participants
4.4.2. The bargaining power of buyers
4.4.3. Bargaining power of suppliers
4.4.4. The threat of substitutes
4.4.5. Intensity of rivalry
5. Value chain / supply chain analysis
6. Global Solar Backsheet Market, By Type
6.2.1. Market estimates and forecasts, 2020-2027
6.2.2. Market estimates and forecasts by region, 2020-2027
6.3.1. Market estimates and forecasts, 2020-2027
6.3.2. Market estimates and forecasts by region, 2020-2027
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, providing comprehensive and accurate analysis with respect to various markets and consumers around the world. Market Research Future has a distinguished goal of providing high-quality research and granular research to customers. Our market research by products, services, technologies, applications, end users and market players for global, regional and national market segments, enables our clients to see more, learn more and do more, which helps answer your most important questions. questions.
Follow us: LinkedIn | Twitter