The global solar PV backsheet market is expected to grow substantially at a compound annual growth rate (CAGR) of 6 percent between 2019 to 2025 according to the new “Global Solar PV Backsheet Market” report on ResearchAndMarkets.com. Growing environmental concern, shifting of consumers from conventional sources of fuel to renewable sources, increasing government initiatives and programs, and declining prices of solar panels are creating the demand for solar panels across the globe, which in turn, tend to drive the market growth of solar PV backsheet.
PV Backsheet market
Solar PV backsheets are a crucial part of any solar PV module as they are designed to prevent internal parts of the module from any external force. Therefore, the growth of the solar PV backsheet market is attributed to the increasing demand for solar panels across the globe.
The backsheet market consists of several market players including Toray Industries Inc., DuPont de Nemours, Inc., 3M Co., Dunmore Corp., Arkema SA, ZTT International Ltd., Coveme SpA, and many others. These players adopt various strategies to enhance their market presence and stay competitive in the market. The players operating in the market adopt various strategies such as technology development, product launch, merger and acquisitions for gaining a sustainable position in the market that further propels the growth of the market.
The report analyzes the global solar PV backsheet market on the basis of type, application, and region. On the basis of type, the market is divided into a fluoropolymer solar PV backsheet and a non-fluoropolymer PV backsheet.
Based on the application, the market is classified into a residential, commercial, and industrial setting. In the commercial application segment, the corporate sector is expected to contribute significantly towards market growth. Furthermore, the market is analyzed, on the basis of regions, into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America and Europe are expected to contribute significantly towards market growth over the forecast period.
The market study of the global solar PV backsheet market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data.
The report is intended for solar PV backsheet manufacturers, suppliers and distributors, manufacturing industries, and government organization, for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
— Solar Builder magazine