Solar Backsheet Market To Power Strongly And Cross US$ 3.11 Bn by 2029 — ZMR
As per Zion Market Research, The Solar Backsheet Market was valued at US$ 1.86 Bn in 2022 and is expected to reach US$ 3.11 Bn by 2029, at a CAGR of 7.62% during a forecast period. The development of global market is powered by rising worldwide solar PV installations along with policy support from governments to allow the acceptance of renewable techs, paired with the increasing requirement to lower carbon emissions.
The Utility Section Is Predicted To Have The Biggest Share Of The Market
The global solar backsheet is divided on the basis of application into industrial, utility, residential, commercial, and military. The utility section is predicted to have the biggest share of the market. This section is powered majorly by the global rise in installations of solar power plants, both for distributed and utility power generation segments, to suffice the global power need.
The Floating Power Plant Section Is Predicted To Develop At The Max Speed During The Coming Period
The solar backsheet is divided on the basis of installation into ground-mounted, roof-mounted, and floating power plant. The floating power plant section is predicted to develop at the max speed during the coming period. The development of the market can be credited to the capability of these plants to create more energy owing to the water’s cooling nature. Floating power plants also solve land limitation problems, which is a primary issue in ground-mounted installations.
The Non-Fluoropolymer Section Is Predicted To Develop At The Quickest Rate During The Coming Period
The solar backsheet market based on type has been further divided into non-fluoropolymer and fluoropolymer. The non-fluoropolymer section is predicted to develop at the quickest rate during the coming period. This development can be credited to its cost-effectiveness over fluoropolymer-based solar backsheet.
Asia Pacific Is Expected To Lead The Global Market For Solar Backsheet During The Coming Period
The global market by region has been divided into North America, Asia Pacific, Europe, and the rest of the world. Asia Pacific is expected to lead the global market for solar backsheet during the coming period owing to the noteworthy rise in solar PV installation in India and China. China is the biggest market in Asia Pacific and is investing heavily in solar PV to fulfill its power requirements and lower carbon emissions. Asia Pacific is also predicted to be the quickest-developing market, after North America.
Major player active in the global market are -
- Arkema
- DowDuPont
- Jolywood
- Cybrid
- ISOVOLTAIC
- Hangzhou
- Trina Solar
- JinkoSolar
- JA Solar
- Canadian Solar.
The global solar backsheet market is segmented as follows:
By Application
- Utility
- Industrial
- Commercial
- Residential
- Military
By Type
- Fluoropolymer
- Non-Fluoropolymer
By Installation
- Roof-Mounted
- Ground-Mounted
- Floating Power Plant
By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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