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According to the latest report by IMARC Group, titled “Solar Encapsulation Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global solar encapsulation market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global solar encapsulation market reached a value of US$ 2,030.3 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4,845.3 Million by 2027 exhibiting a CAGR of 14.40% during 2022-2027. Solar encapsulation is a specialized process that involves encapsulating photovoltaic (PV) cells using a polymeric material, such as Ethylene-Vinyl Acetate (EVA) film. It provides protection to solar equipment and panels against degradation owing to various environmental factors and aids in improving the durability, efficiency, and cost-effectiveness of PV modules. Solar encapsulation also enhances the life of solar cells, mitigates stability issues, and prevents damage from corrosion, ultraviolet (UV) radiation, low mechanical stress, and temperature changes. Consequently, it finds extensive application across the construction, electronic, and automotive sectors.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Solar Encapsulation Market Trends and Drivers:
The increasing adoption of solar panels and the expanding demand for electricity across countries are primarily driving the solar encapsulation market. Additionally, the growing shift towards renewable sources of energy, on account of the depleting fossil fuel levels and environmental concerns, is further augmenting the market growth.
Along with this, the rising private and public investments aimed at modernizing the existing energy infrastructure are further catalyzing the global market. Apart from this, the development of cost-effective encapsulant materials, including amorphous silicon cells and cadmium telluride, and the inflating requirement for non-EVA-based encapsulations, such as Thermoplastic Polyurethane (TPU) and Polyvinyl Butyral (PVB), are acting as significant growth inducing factors.
Moreover, the escalating need to reduce the carbon footprint of the energy sector and the elevating adoption of solar panels for power generation are anticipated to stimulate the solar encapsulation market over the forecasted period.
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Key Market Segmentation:
Global Solar Encapsulation Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
The report has segmented the market on the basis of region, material, technology and application.
• Single-crystal/Polycrystalline Silicon Solar Technology
o Copper Indium Gallium Selenide (CIGS)
• North America: (United States, Canada)
• Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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