Solar Encapsulation Market Size, Share, Growth Analysis, By Material(Ethylene vinyl acetate (EVA), polyvinyl butyral (PVB), polydimethylsiloxane (PDMS), and others.), By Application(Construction, Electronics, Automotive, and Others.), By Region - Industry Forecast 2024-2031


Report ID: SQMIG55F2035 | Region: Global | Published Date: March, 2024
Pages: 182 |Tables: 65 |Figures: 75

Solar Encapsulation Market Insights

Global Solar Encapsulation Market size was valued at USD 3.13 Billion in 2022 and is poised to grow from USD 3.40 Billion in 2023 to USD 6.63 Billion by 2031, at a CAGR of 8.7% during the forecast period (2024-2031).

The global solar encapsulation market experienced a surge in demand due to the increasing adoption of solar energy as a clean and sustainable power source. The growing installations of solar panels in residential, commercial, and utility-scale projects globally have been a key driver for the market. Solar module back sheets consist of multiple layers of barrier films and adhesives, serving a crucial role in safeguarding solar cells from various environmental factors like moisture, UV exposure, and performance-related challenges. Additionally, they contribute to improving solar module efficiency, thereby aiding in the reduction of overall module costs. 

Encapsulation films play a vital role in protecting and ensuring the reliability and performance of solar cells. Their primary function is to maintain optical and electrical transmissivity while preventing moisture infiltration. Encapsulants offer opportunities for enhancing efficiency in the solar module manufacturing process, serving as a critical step in solar cell production. Without effective encapsulation, even top-tier solar cells cannot yield high-quality solar modules. Proper encapsulation not only extends the lifespan of solar cells but also enhances their durability. Ensuring the quality and longevity of the product is essential for customer satisfaction, underscoring the importance of encapsulation in solar module manufacturing. The growing trend of urbanization has led to increased demand for solar panels, consequently driving the market for encapsulation. Furthermore, the rising need for solar lighting solutions for road dividers and streets creates substantial opportunities for the solar encapsulation market.

Developing encapsulation materials that can withstand long-term exposure to harsh environmental conditions and maintain performance over time is a challenge. Supply chain disruptions and fluctuations in raw material prices can also impact the market stability. The solar encapsulation industry heavily relies on raw materials like ethylene vinyl acetate (EVA) and encapsulant films. Any disruptions in the supply chain can hinder production and affect market dynamics. Furthermore, changes in government policies, including tariff structures, incentives, and regulations related to solar energy, can have an impact on the market and investment decisions in the solar encapsulation sector.

Market Snapshot - 2024-2031

Global Market Size

USD 3.13 Billion

Largest Segment

Construction

Fastest Growth

Construction

Growth Rate

8.7% CAGR

Global Solar Encapsulation Market ($ Bn)
Country Share for Asia Pacific Region (%)

To get more reports on the above market click here to Buy The Report

Solar Encapsulation Market Segmental Analysis

The global solar encapsulation market is segmented on the basis of material, application, and region. By material, the market is segmented into ethylene vinyl acetate (EVA), polyvinyl butyral (PVB), polydimethylsiloxane (PDMS), and others. By application, the market is segmented into construction, electronics, automotive, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis By Material

EVA has been the dominant segment in the solar encapsulation market. EVA is widely used due to its excellent properties such as high transparency, strong adhesion, and good thermal stability. It provides efficient encapsulation and protection for solar cells.

However, the fastest-growing segment in the solar encapsulation market is PDMS. PDMS offers advantages such as high elasticity, good weather resistance, and exceptional electrical insulation properties. It is increasingly being adopted in solar encapsulation applications due to its ability to provide enhanced protection and durability to solar panels. Overall, while EVA remains the dominant material in the solar encapsulation market, PDMS is experiencing significant growth and is expected to gain further traction in the coming years.

Analysis By Application

The dominating segment in the global solar encapsulation market was the construction industry. The growing demand for renewable energy sources, government incentives, and increased awareness of sustainability have contributed to the widespread adoption of solar panels in construction projects worldwide.

The fastest-growing segment at that time was the automotive industry. With the rising popularity of electric vehicles and the need for efficient energy management, solar encapsulation technologies in automobiles were gaining significant momentum. Integrating solar panels into vehicles offered an additional source of renewable energy, reducing the reliance on traditional charging methods.

Global Solar Encapsulation Market By Application

To get detailed analysis on other segments, Request For Free Sample Report

Solar Encapsulation Market Regional Insights

Asia-Pacific is expected to maintain its dominant position in the solar encapsulation market in terms of both market share and revenue. This region's continued growth can be attributed to the expanding applications of solar energy in power generation, construction, and agriculture. The increasing adoption of solar energy within the Asia-Pacific region contributes significantly to the market's overall progress.

Conversely, North America is projected to experience substantial growth in the solar encapsulation market throughout the forecast period. This growth can be attributed to the region's growing demand for renewable energy and the increasing awareness of the advantages offered by photovoltaic (PV) technology. The recognition of the benefits and potential of PV technology within North America is expected to drive the market's lucrative expansion in this region.

Global Solar Encapsulation Market By Region
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Solar Encapsulation Market Dynamics

Drivers

Surging Requirement of Environmentally Sustainable Solutions

  • The global demand for environmentally sustainable solutions and the imperative to reduce carbon emissions has increased significantly. This has led to a notable shift towards renewable energy sources due to growing environmental concerns and the depletion of conventional energy sources. Consequently, the solar encapsulation market is experiencing a surge in demand as it plays a vital role in facilitating the adoption of solar energy during the projected period. Additionally, the process of urbanization has contributed to the increased need for solar panels, consequently driving the demand for solar encapsulation. This factor is anticipated to be a major driver in the market. Furthermore, the global solar encapsulation market is expected to witness substantial growth due to the rising awareness of the benefits of renewable energy and the desirable properties offered by solar encapsulation, such as excellent insulation, mechanical durability, and superior light transmission, throughout the forecast period.

Restraints

Unfavorable Weather Conditions

  • Moreover, the growth of the global solar encapsulation market is expected to face challenges due to adverse weather conditions, particularly during the monsoon season. These conditions hinder the acceptance and effectiveness of solar power systems, thus posing a potential obstacle to market growth throughout the forecast period. This comprehensive solar encapsulation market report presents various insights and analyses including recent developments in trade regulations, import-export trends, production analysis, optimization of the value chain, market share, impact of local and regional market players, and opportunities in terms of emerging revenue pockets. It also examines changes in market regulations, strategic growth analysis, market size, growth in specific market categories and applications, dominance of certain products, product approvals, product launches, geographical expansions, and technological innovations in the market.

Request Free Customization of this report to help us to meet your business objectives.

Solar Encapsulation Market Competitive Landscape

The global solar encapsulation market is highly competitive, with numerous players operating in the industry. The market is characterized by a mix of established companies, emerging players, and regional manufacturers. These companies focus on developing and offering a wide range of solar encapsulation materials and solutions to cater to the diverse needs of solar panel manufacturers and end-users. Competition in the market is primarily driven by factors such as product innovation, performance, reliability, pricing, and customer service.

Market players strive to develop advanced encapsulation materials that provide improved efficiency, durability, and cost-effectiveness. They also invest in research and development activities to stay ahead in terms of technological advancements and offer value-added solutions. Partnerships, collaborations, and strategic alliances are common in the industry as companies aim to leverage each other's strengths and expand their market reach. Additionally, mergers and acquisitions are observed as a means to consolidate market share and enhance product portfolios. The competitive landscape of the global solar encapsulation market is further influenced by factors such as regional market dynamics, government policies, industry standards, and customer preferences. Market players must adapt to changing market conditions and technological advancements to maintain a competitive edge.

Top Player’s Company Profile

  • DuPont - USA
  • STR Holdings, Inc. - USA
  • Mitsui Chemicals Tohcello, Inc. - Japan
  • Coveme - Italy
  • Bridgestone Corporation - Japan
  • Solutia (Eastman) - USA
  • Krempel GmbH - Germany
  • Hangzhou First PV Material Co., Ltd. - China
  • Toyo Aluminium K.K. - Japan
  • Toppan Printing Co., Ltd. - Japan
  • Folienwerk Wolfen GmbH - Germany
  • 3M - USA
  • Jolywood (Suzhou) Sunwatt Co., Ltd. - China
  • Mitsubishi Polyester Film, Inc. - USA
  • Targray - Canada
  • Changzhou Sveck Technology Co., Ltd. - China
  • Zhejiang Feiyu New Energy Co., Ltd. - China
  • Hangzhou Zhongtian Microelectronics Co., Ltd. - China
  • Hangzhou First Applied Material Co., Ltd. - China
  • Jinko Solar - China

Recent Developments

  • To promote the commercial deployment of state-of-the-art perovskite solar cells, Verde Technologies Inc., a leader in perovskite thin-film solar solutions, formed a strategic alliance with Northern Illinois University (NIU) and the National Renewable Energy Laboratory (NREL) of the U.S. Department of Energy in August 2023. By working together, Verde and NIU hope to gain access to a collection of NREL-owned patents on perovskite solar technology, as well as an exclusive agreement.

  •  

    In August 2023, Alishan Green Energy will introduce the Alishan BackPro back sheets, a cutting-edge line of photovoltaic cell encapsulants that combine fluoro and non-fluoro choices, transforming the solar industry. These back sheets are made at Alishan's manufacturing facility in Raipur and have a special, proprietary coating that greatly improves both their performance and longevity. A monument to their constant commitment to top-tier quality and customer satisfaction, Alishan BackPro's unique multi-layer composition produces remarkable electrical insulation, moisture barrier qualities, and resistance against mechanical stress and partial electrical discharges.

     

  • First Solar, Inc., a US-based solar firm, paid $38 million to acquire Evolar AB in May 2023. First Solar hopes to accelerate the development of the upcoming generation of photovoltaic (PV) technologies, particularly highly efficient tandem devices, with this acquisition. The objective is to combine Evolar's experience in scaling thin-film PV systems for commercial applications with its ongoing R&D initiatives, intellectual property holdings, and research and development capabilities. Supplier of solar technologies, including solar encapsulation, with headquarters in Sweden is Evolar AB.

Solar Encapsulation Key Market Trends

  • Transition to Non-EVA Encapsulation Materials: Ethylene vinyl acetate (EVA) has been traditionally used as the primary encapsulant material in solar modules. However, there is a growing shift towards non-EVA encapsulation materials, such as polyolefin-based films, polyvinyl butyral (PVB), and thermoplastic polyurethane (TPU). These alternative materials offer improved long-term performance, higher adhesion, and enhanced resistance to potential-induced degradation (PID).
  • Rising Demand for Bifacial Solar Modules: Bifacial solar modules, which can generate electricity from both sides of the panel, have gained popularity in the market. These modules require specialized encapsulation materials that provide effective light transmission, protection, and adhesion on both sides. The increased adoption of bifacial modules has driven the demand for encapsulation materials specifically designed for this application.

Solar Encapsulation Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global solar encapsulation market analysis, has experienced substantial growth driven by increasing adoption of solar energy, technological advancements, and environmental concerns. The market has witnessed continuous developments in encapsulation materials, such as thin-film technologies and non-EVA alternatives, offering improved efficiency and durability. Key trends include the rising demand for bifacial solar modules, the transition to non-EVA materials, the growth of building-integrated photovoltaics (BIPV), and a focus on sustainability. Regional markets, including developing economies and regions with favorable solar energy policies, have contributed to market expansion. It is crucial for industry stakeholders to stay updated with the latest trends and innovations to capitalize on the opportunities presented by the evolving global solar encapsulation market. able solar energy policies, have contributed to market expansion. It is crucial for industry stakeholders to stay updated with the latest trends and innovations to capitalize on the opportunities presented by the evolving global solar encapsulation market.

Report Metric Details
Market size value in 2023 USD 3.13 Billion
Market size value in 2031 USD 6.63 Billion
Growth Rate 8.7%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Material
    • Ethylene vinyl acetate (EVA), polyvinyl butyral (PVB), polydimethylsiloxane (PDMS), and others.
  • Application
    • Construction, Electronics, Automotive, and Others.
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • DuPont - USA
  • STR Holdings, Inc. - USA
  • Mitsui Chemicals Tohcello, Inc. - Japan
  • Coveme - Italy
  • Bridgestone Corporation - Japan
  • Solutia (Eastman) - USA
  • Krempel GmbH - Germany
  • Hangzhou First PV Material Co., Ltd. - China
  • Toyo Aluminium K.K. - Japan
  • Toppan Printing Co., Ltd. - Japan
  • Folienwerk Wolfen GmbH - Germany
  • 3M - USA
  • Jolywood (Suzhou) Sunwatt Co., Ltd. - China
  • Mitsubishi Polyester Film, Inc. - USA
  • Targray - Canada
  • Changzhou Sveck Technology Co., Ltd. - China
  • Zhejiang Feiyu New Energy Co., Ltd. - China
  • Hangzhou Zhongtian Microelectronics Co., Ltd. - China
  • Hangzhou First Applied Material Co., Ltd. - China
  • Jinko Solar - China
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Solar Encapsulation Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Solar Encapsulation Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Solar Encapsulation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Solar Encapsulation Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Solar Encapsulation Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Solar Encapsulation Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW

REQUEST FOR SAMPLE

Want to customize this report?
REQUEST FREE CUSTOMIZATION

FAQs

Solar Encapsulation Market size was valued at USD 3.13 Billion in 2022 and is poised to grow from USD 3.40 Billion in 2023 to USD 6.63 Billion by 2031, at a CAGR of 8.7% during the forecast period (2024-2031).

The solar encapsulation market is highly competitive, with numerous players operating in the industry. The market is characterized by a mix of established companies, emerging players, and regional manufacturers. These companies focus on developing and offering a wide range of solar encapsulation materials and solutions to cater to the diverse needs of solar panel manufacturers and end-users. Competition in the market is primarily driven by factors such as product innovation, performance, reliability, pricing, and customer service. 'DuPont - USA', 'STR Holdings, Inc. - USA', 'Mitsui Chemicals Tohcello, Inc. - Japan', 'Coveme - Italy', 'Bridgestone Corporation - Japan', 'Solutia (Eastman) - USA', 'Krempel GmbH - Germany', 'Hangzhou First PV Material Co., Ltd. - China', 'Toyo Aluminium K.K. - Japan', 'Toppan Printing Co., Ltd. - Japan', 'Folienwerk Wolfen GmbH - Germany', '3M - USA', 'Jolywood (Suzhou) Sunwatt Co., Ltd. - China', 'Mitsubishi Polyester Film, Inc. - USA', 'Targray - Canada', 'Changzhou Sveck Technology Co., Ltd. - China', 'Zhejiang Feiyu New Energy Co., Ltd. - China', 'Hangzhou Zhongtian Microelectronics Co., Ltd. - China', 'Hangzhou First Applied Material Co., Ltd. - China', 'Jinko Solar - China'

The demand for environmentally sustainable solutions and the imperative to reduce carbon emissions has increased significantly. This has led to a notable shift towards renewable energy sources due to growing environmental concerns and the depletion of conventional energy sources. Consequently, the solar encapsulation market is experiencing a surge in demand as it plays a vital role in facilitating the adoption of solar energy during the projected period. Additionally, the process of urbanization has contributed to the increased need for solar panels, consequently driving the demand for solar encapsulation. This factor is anticipated to be a major driver in the market. Furthermore, the solar encapsulation market is expected to witness substantial growth due to the rising awareness of the benefits of renewable energy and the desirable properties offered by solar encapsulation, such as excellent insulation, mechanical durability, and superior light transmission, throughout the forecast period.

Transition to Non-EVA Encapsulation Materials: Ethylene vinyl acetate (EVA) has been traditionally used as the primary encapsulant material in solar modules. However, there is a growing shift towards non-EVA encapsulation materials, such as polyolefin-based films, polyvinyl butyral (PVB), and thermoplastic polyurethane (TPU). These alternative materials offer improved long-term performance, higher adhesion, and enhanced resistance to potential-induced degradation (PID).

Asia-Pacific is expected to maintain its dominant position in the solar encapsulation market in terms of both market share and revenue. This region's continued growth can be attributed to the expanding applications of solar energy in power generation, construction, and agriculture. The increasing adoption of solar energy within the Asia-Pacific region contributes significantly to the market's overall progress.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Solar Encapsulation Market

Report ID: SQMIG55F2035

sales@skyquestt.com
USA +1 351-333-4748

BUY NOW GET FREE SAMPLE