Encapsulation of solar cells is done between the solar module glass cover and the glass cover of the solar cell located inside the module. Encapsulations are usually done in order to extend the useful life of such PV installations. Materials selected for encapsulations usually possess corrosion resistant, flame retardant or hard wearing properties. Generally such encapsulation cannot be easily automated and requires significant energy and material resources. The use of such encapsulants is growing steadily in multiple industries such as construction and automotive among others.
MARKET DYNAMICS
The factors driving growth in the solar encapsulation market are global electricity demand which is expected to double by 2030, cost reduction potential of solar PV, and PV technology developments. Solar encapsulation is a moderately developing market with no other substitute that makes it a backbone of PV modules' manufacturing. Thus, the market is expected to continue the steady growth rate in future also. Other driving factors include growing energy requirements and immense technological proliferation in the solar PV module industry resulting in plummeting prices. Even though the market is at a nascent stage of development, growing acceptance and negligible product substitutes will ensure steady growth of the market in future.
MARKET SCOPE
The ?Global Solar Encapsulation Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the solar encapsulation market with detailed market segmentation by material, technology, application. The global solar encapsulation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solar encapsulation market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
1. By Material: By Material Type the solar encapsulation market is categorized into Ethylene Vinyl Acetate (EVA), Non-EVA, Polyvinyl Butyral (PVB), Polydimethylsiloxane (PDMS), Ionomer, Thermoplastic Polyurethane (TPU), Polyolefin and others.
2. By Technology: Based on technology the market is divided into Crystalline, Single Crystalline, Poly Crystalline, Thin Film Amorphous, Cadmium Telluride (CdTe), Copper Indium Gallium Selenide (CIGS), Amorphous Silicon (a-Si).
3. By Application: By on application market is categorized into Construction, Electronics, Automobile, and other sectors.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The solar encapsulation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the solar encapsulation market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the solar encapsulation market in these regions.
IMPACT OF COVID 19
The onset of COVID-19 could hardly affect the solar encapsulation industry. Industry players faced major challenges, including disrupted supply chains, attracting workers from quarantines, and logistic issues in delivering end products. At the same time, the pandemic reassured a robust rise in the renewable energy market, continually propelling energy demand. The solar encapsulation market value is projected to pick up further, following lockdown mandates relaxed in many countries.
MARKET PLAYERS
The report covers vital developments in the solar encapsulation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the solar encapsulation market are anticipated to have lucrative growth opportunities in the future with the rising demand for solar encapsulation in the global market. Below mentioned is the list of a few companies engaged in the solar encapsulation market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solar encapsulation market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Akcome
- Bridgestone
- Changzhou Bbetterfilm
- Hiuv
- JGP Energy
- Lucent
- MITSUI
- SKC
- STR
- Sveck
- TPI All Seasons
- 3M