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Thin Film Solar PV Backsheet Market Trends

Report ID: GMI9423
Published Date: May 2024
Report Format: PDF

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Thin Film Solar PV Backsheet Market Trends

Growing adoption of sustainable practices including the use of recycled materials, eco-friendly manufacturing processes, and the development of products with a reduced environmental footprint will create lucrative opportunities for market growth. Further, rising traction of tandem and multi junction technologies on account of their potential to achieve higher efficiencies compared to single junction cells will augment a positive business outlook.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

Market size for thin film solar PV back sheet was valued USD 2.6 billion in 2023 and is anticipated to grow at 1.8% CAGR during 2024-2032, as it serves several purposes including electrical insulation, and protection of the solar cells from environmental factors.

The fluoride material segment in the thin film solar PV back sheet market is projected to grow by more than USD 1.5 billion by 2032 on account of its excellent weather resistance properties, making it highly durable and suitable for outdoor applications.

Asia Pacific thin film solar PV back sheet market size is anticipated to exceed USD 1.5 billion by 2032 owing to rapid economic growth, increasing urbanization and industrialization.

3M, Coveme, Cybrid Technologies Inc., DUNMORE, First Solar, Krempel GmbH, Madico Inc, RenewSys India Pvt. Ltd, SILFAB SOLAR INC, and TOYO ALUMINIUM among others.