Solar Backsheet Market Revenue to Hit $2.40 Billion by 2023 – Report by MarketsandMarkets™

Solar Backsheet Market Revenue to Hit $2.40 Billion by 2023 – Report by MarketsandMarkets™ 12

The solar backsheet market ecosystem comprises raw material suppliers such as DowDuPont (US) and Arkema (France). It includes solar backsheet manufacturers such as Cybrid (China), Jolywood (China), Hangzhou (China), and ISOVOLTAIC (Austria). It also comprises solar panel manufacturers such as JinkoSolar (China), Trina Solar (China), Canadian Solar (Canada), and JA Solar (China).
The report provides a picture of the solar backsheet market across several applications and different regions. It aims at estimating the market size and future growth potential of the market across different segments such as type, application, installation, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

The Solar Backsheet Market is estimated to be USD 1.71 billion in 2018 and is projected to reach USD 2.40 billion by 2023, at a CAGR of 7.02%, from 2018 to 2023. The market growth for solar backsheet is mainly driven by increasing solar PV installations as well as policy support from governments to enable the adoption of renewable technologies. Another factor driving the demand for solar backsheet is the need to reduce carbon emissions.

The solar backsheet market is dominated by players with established brand names with a wide regional presence and local and regional players in emerging economies. The leading global players in the solar backsheet industry include Cybrid (China), Jolywood (China), Coveme (Italy), Krempel (Germany), and Hangzhou First (China).

The industrial segment is estimated to be the fastest-growing solar backsheet market, by application, from 2018 to 2023. This segment is driven mainly by the industrial requirement of cutting down electricity expenses, as well as avoiding grid outage situations. Solar power is highly advantageous for many industrial applications because of the high-energy consuming nature of these businesses.

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

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=214002611

The report also 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 constraint issues which is a major hurdle in ground-mounted solar installations.

The solar backsheet market has been segmented, by region, into Asia Pacific, Europe, North America, and the rest of the world. Asia Pacific is projected to grow at the fastest rate, from 2018 to 2023, followed by North America. China, which is the global leader in solar photovoltaic generation, dominates the solar backsheet market in Asia Pacific. India is expected to be the fastest-growing market for solar backsheet. North America is the second-largest market, with the US being the largest contributor to the demand in the region. With an increasing emphasis on power generation from renewable sources, the US alone is responsible for over 80% of the total electrical power generation in North America.

Know more about Speech Solar Backsheet Market Report:

https://www.marketsandmarkets.com/Market-Reports/solar-backsheet-market-214002611.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: www.marketsandmarkets.com/Market-Reports/solar-backsheet-market-214002611.html