Solar Encapsulation Market Growth Probability, Leading Vendors and Future Scenario By 2024-2031


Posted July 24, 2024 by Tan8121

The global solar encapsulation market is anticipated to grow at a significant CAGR of 4.9% during the forecast period.

 
The global solar encapsulation market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. PV cells as mounted in PV modules are encapsulated with a polymeric material to protect against weather, corrosive environment, UV radiation, low mechanical stress, and low energy impacts. Constantly growing demand for solar energy and increasing installations of solar PVs across the globe with growing investment in improvement of infrastructure is expected to build potential market growth for solar encapsulation market. For instance according to Solar Energy Industries Association (SEIA), In 2019, The US Surpasses more than 2 million solar PV installations. According to Center for Climate and Energy Solutions Solar photovoltaics are the fastest growing electricity source. In 2020, around 139 GW of global capacity was added, bringing the total to about 760 GW and producing almost 3 percent of the world’s electricity.

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The global solar encapsulation market is segmented based on the application, material, and technology. Based on the application, the market is segmented into construction, automobiles, electronics and others. Based on the material, the market is sub-segmented into the ethylene vinyl acetate (EVA), polyvinyl butyral (PVB), polydimethylsiloxane (PDMS), ionomer and others (thermoplastic polyurethane (TPU) & polyolefin). Based on the technology, the market is sub-segmented into the single crystal/polycrystalline silicon technology and thin film solar technology, the thin film solar technology is further segmented into CDTE, CIGS, A-SI. The above mentioned segments can be customized as per the requirements.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Solar Encapsulation Market by Application

Construction
Automobiles
Electronics
Others

Global Solar Encapsulation Market by Material

Ethylene vinyl acetate (EVA)
Polyvinyl butyral (PVB)
Polydimethylsiloxane (PDMS)
Ionomer
Others (Thermoplastic Polyurethane (TPU) & Polyolefin)

Global Solar Encapsulation Market by Technology 

Single crystal/polycrystalline silicon technology
Thin film solar technology
Cadmium Telluride (CDTE)
Copper Indium Gallium Selenide (CIGS)
Amorphous Silicon (A-SI)

Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World

Company Profiles 

3M
Bridgestone Corp.
Changzhou Betterial Film Technologies Co.,Ltd.
Dai Nippon Printing Co., Ltd.
Dow Chemical Company
EEastman Chemical Company
EVASA
First Solar, Inc
Jiangsu Sveck New Materials Co., Ltd
jura-plast GmbH
Kaneka Corp. oration
Kuraray Europe GmbH
LONGi Green Energy Technology Co., Ltd
Lucent Energy Management
Mitsubishi Chemical Corp. oration
RenewSys India Pvt. Ltd.
Saint-Gobain
Shanghai HIUV New Materials Co., Ltd.
SKC Inc.

The Report Covers

Market value data analysis of 2020 and forecast to 2027.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global solar encapsulation market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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Last Updated July 24, 2024