Global Solar Backsheet Market to Reach $2.4 Bn by 2023 – Increasing Solar PV Installation is a Major Driver – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Solar
Backsheet Market by Type (Fluoropolymer and Non-Fluoropolymer),
Application (Utility, Industrial, Commercial, Residential, and
Military), Installation (Roof-Mounted, Ground-Mounted, and Floating
Power Plant), and Region Global Forecast to 2023" report has
been added to ResearchAndMarkets.com's offering.

The global solar backsheet market is projected to grow at a CAGR of
7.02%, from 2018 to 2023, to reach a market size of USD 2.4 Billion by
2023, from an estimated market size of USD 1.71 Billion in 2018.

The global market growth is driven by increasing global solar PV
installations as well as policy support from governments to enable the
adoption of renewable technologies, coupled with the rising need to
reduce carbon emissions.

The report segments the solar backsheet market, by application, into
utility, industrial, commercial, residential, and military. The utility
segment is expected to be the largest market. This segment is driven
mainly by the global increase in installations of solar power plants,
both for utility and distributed power generation applications, to meet
the global power demand.

The report segments the solar backsheet market, by installation, into
roof-mounted, ground-mounted, 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 power due to the cooling nature
of water. Floating power plants also solve land constraints issues,
which is a major hurdle in ground-mounted solar installations.

The solar backsheet market has been further segmented, based on type,
into fluoropolymer and non-fluoropolymer. The non-fluoropolymer segment
is expected to grow at the fastest rate during the forecast period. This
growth can be attributed to its cost-effectiveness as compared to
fluoropolymer-based backsheet.

Market Dynamics

Drivers

• Increasing Solar PV Installation
• Policy Supports from Governments to Enable Adoption of Renewable
  Technologies

Restraint

• High Installation and Storage Cost of Solar PV Power

Opportunity

• Technology Advancement

Challenge

• PV Panel Failures Due to Poor Testing Standard of Backsheets

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Solar Backsheet Consumption Market, by Region

7 Solar Backsheet Installation Market, by Type

8 Solar Backsheet Installation Market, by Installation

9 Solar Backsheet Installation Market, by Application

10 Solar Backsheet Installation Market, by Region

11 Competitive Landscape

12 Company Profiles

• AGFA
• Dupont
• Jolywood
• Coveme
• Isovoltaic
• 3M
• Hangzhou First
• Honeywell
• Toray
• Cybrid
• Dunmore
• Krempel
• Mitsubishi Polyester Film
• Targray

For more information about this report visit https://www.researchandmarkets.com/research/kqbkj4/global_solar?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
[email protected]
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related
Topics: Photovoltaics