Global Solar Encapsulation Market Size, Forecasts, And Opportunities – Includes Solar Encapsulation Market Report
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The global solar encapsulation market is expected to grow from $2.15 billion in 2021 to $2.58 billion in 2022 at a compound annual growth rate (CAGR) of 19.89%. The global solar encapsulation market size is expected to grow to $5.30 billion in 2026 at a compound annual growth rate (CAGR) of 19.69%.
The rising demand for rooftop photovoltaic (PV) installations in developing economies is driving the growth of the solar encapsulation market.
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The solar encapsulation market consists of sales of solar encapsulation solutions by entities (organizations, sole traders, and partnerships) that refer to a process used to protect solar panels and equipment against degradation. Encapsulation is an important part of the solar cell manufacturing process to protect solar panels and equipment against degradation due to various external and environmental factors. Even the greatest solar cells cannot make good solar modules without a good encapsulation technique. The solar encapsulation extends the life of solar cells by reducing stability issues and protecting them from ultraviolet (UV) radiation, corrosion, temperature changes, and low mechanical stress.
Global solar encapsulation market segments include:
By Material: Non-Ethylene Vinyl Acetate, UV Curable Resin, Others
By Solar Module: Polycrystalline Silicon Cells, Cadmium Telluride, Amorphous Silicon Cells, Others
By Application: Automotive, Electronics, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global solar encapsulation market in 2021.
Technology advancement is a key trend gaining popularity in the solar encapsulation market. Major players in the market are focusing on launching and implementing advanced encapsulation technology for solar modules. The advanced encapsulation technologies replace the gaps between solar cells and improve the efficiency of PV modules while incorporating modular designs. Through the use of advanced encapsulation technologies, companies can increase their business and gain a competitive edge in the market.
TBRC’s solar encapsulation market report covers:
Major Market Players: 3M Company, Akcome, STR Holding Inc, Dow Inc, Dupont De Nemours Inc, First Solar Inc, Mitsubishi Plastics Inc, Hiuv, Changzhou Bbetterfilm, DNP Solar, Hangzhou First PV Material Co Ltd, SKC, and Lucent.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Solar Encapsulation Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides solar encapsulation market overviews, analyzes and forecasts market size, share, solar encapsulation market players, solar encapsulation market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s solar encapsulation market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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