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Solar PV Backsheet Market Trends

Report ID: GMI2184
Published Date: Nov 2024
Report Format: PDF

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Solar PV Backsheet Market Trends

Solar project developers, investors, and end-users increasingly emphasize the long-term reliability and performance of solar installations. As the solar panels mature, the demand for backsheet materials that can withstand extreme environmental conditions, such as moisture exposure, temperature fluctuations, and ultraviolet radiation, continues to rise, enhancing the industry's potential. Moreover, their ability to withstand high temperature without significant degradation makes them suitable for solar PV installations in regions or applications with high ambient temperatures, contributing to the product demand.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of solar PV backsheet exceeded USD 12.4 billion in 2022 and is estimated to register 2.2% CAGR during 2023 to 2032, driven by the increasing public support for environmental security.

Demand for > 500 micrometer solar PV backsheets is anticipated to generate more than USD 5.9 billion by 2032 owing to the ongoing technological advancements in large-scale solar applications.

European solar PV backsheet industry will observe 3% growth between 2023 and 2032 attributed to the presence of regulatory standards and certifications that require adherence to quality, safety, and durability guidelines.

Some solar PV backsheet industry leaders include ISOVOLTAIC AG, COVEME s.p.a., TOYO ALUMINIUM K.K., TAIFLEX Scientific Co., Ltd, 3M, DuPont, Krempel GmbH, Targray, Jiangsu Zhongtian Technology Co., Ltd., RenewSys India Pvt. Ltd., SILFAB SOLAR INC., Endurans™ Solar, DUNMORE, and Arkema