Home > Energy & Power > Electrical Equipment > Solar Parts and Components > Asia Pacific Thin Film Solar PV Backsheet Market

Asia Pacific Thin Film Solar PV Backsheet Market Trends

Report ID: GMI9560
Published Date: May 2024
Report Format: PDF

Download Free Sample

Asia Pacific Thin Film Solar PV Backsheet Market Trends

Rising incorporation of innovative materials comprising fluoropolymers and multi-layer composites along with superior durability, better UV resistance, and improved electrical insulation will stimulate the business statistics. Growing integration of solar PV systems into building structures, known as Building-Integrated Photovoltaics (BIPV), will propel the demand for aesthetically pleasing and high performance PV backsheet products. Furthermore, increasing adoption of hybrid energy systems that combine solar with other renewable energy sources such as wind and energy storage solutions will augment the product adoption.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

Asia Pacific market for thin film solar PV backsheet was reached USD 1.39 billion in 2023 and will grow at a 1.3% CAGR between 2024 and 2032, driven by growing solar energy adoption, technological advancements, and supportive government policies.

Asia Pacific PVDF thin film solar PV backsheet market size will surpass USD 522 million by 2032, primarily due to its superior properties, growing demand for high-efficiency solar modules, and the increasing emphasis on long-term reliability.

India thin film solar PV backsheet industry will exceed USD 242 million by 2032, propelled by the country's ambitious renewable energy targets and significant investments in solar infrastructure, along with the government's strong support through initiatives like the National Solar Mission.

3M, Arkema, Astenik Solar, Alishan Green Energy, Coveme, DUNMORE, DuPont, First Solar, Hangzhou XinDongke Energy Technology Co., Ltd., Krempel GmbH, RenewSys India Pvt. Ltd., SILFAB Solar Inc., and TAIFLEX Scientific Co., Ltd., among others.