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 2025-2032

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.