Solar PV Backsheet Market revenue to witness gains at around 5% to 2024: Global Market Insights, Inc.

China solar PV backsheet market is expected to surpass an annual installation of more than 2 billion square feet by 2024 as the country has become the largest investor in renewable energy in the world.

Selbyville, Delaware , Sept. 19, 2019 (GLOBE NEWSWIRE) -- Globally, solar PV backsheet market share has witnessed considerable expansion owing to rising demand for solar powered systems coupled with consistent production across the photovoltaic industry. Over the last decade, growing energy needs of the world population have pushed the demand for natural resources and the quantity of emissions produced. Rise in the consumption of renewable energy sources will complement the growth of solar PV projects.

Companies and governments are contributing towards reducing carbon emissions and meeting renewable energy targets worldwide, which will influence solar PV backsheet market trends over the forecast period. In recent years, TPT-primed solar PV backsheets have gained a substantial share due to high inherent strength and efficient weather resistance as compared to other competitive options.

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In addition, several manufacturers are looking forward to introducing new processes and materials in the market. These efforts are focused on the enhancement of the substantial properties of PV backsheets that can provide better performance as a moisture barrier as well as provide higher reflectivity, while withstanding temperatures ranging across -70 to 110 degrees Celsius. Expanding production capacities and efficient technical specifications will fuel solar PV backsheet market forecast.

Solar PV technology has become one of the most highly installed renewable technologies which has a potential to shape an economy towards a reliable, clean, and affordable electricity system for the future. Evidently, high end fund flow from international agencies like ADB, World Bank, and domestic financial institutions for the adoption of renewable energy and associated R&D activities will fuel the industry dynamics over the forecast period.

In terms of regional landscape, solar PV backsheet market size across the Middle East & Africa region is expected to accrue substantial proceeds over the projected timeline. Governments in the region are widely taking initiatives to reduce harmful environmental impacts from fossil fuel-powered electricity generation and also for helping the people to aware about the effects of climate-changing greenhouse gases.

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In Asia Pacific, China solar PV backsheet market share is expected to surpass an annual installation of more than 2 billion square feet by 2024. At present, the country has become the largest investor in renewable energy in the world and is on rapid pace to install new solar energy programs in the region. Growing concerns regarding increased carbon emissions paired with huge investments toward incorporation of clean energy have impelled the revenue graph for PV backsheet suppliers.

Increasing number of favorable government measures will help to raise the adoption of photovoltaic technology and encourage the development and deployment of solar PV panels in small income countries. Most of the emerging economies have also set national targets to develop efficient regulatory framework for the implementation of photovoltaic units. Such initiatives will certainly reinforce APAC solar PV backsheet market outlook.

Global Market Insights, Inc. predicts that global solar PV backsheet market size will surpass USD 2.3 billion valuation by 2024. Owing to the rising adoption of renewable technology and resources, several business incubators and small and medium scale companies have also begun investing hefty amounts to adopt solar energy and invariably fueled the production of PV backsheets. The growing involvement of manufacturers and companies in new material development is slated to propel the market size over the coming years.

Browse key industry insights spread across 453 pages with 702 market data tables & 34 figures & charts from the report, “Solar PV Backsheet Market By Product (TPT-Primed, TPE, PET, PVDF, PEN), Thickness (<100 Micrometre, 100 To 500 Micrometre, > 500 Micrometre), Material (Fluoride, Non-Fluoride), Technology (Crystalline, Thin Film, Ultra-Thin Film), Regional Analysis, Price Trend, Competitive Market Share & Forecast 2024” in detail along with the table of contents:

Table of Contents (ToC) of the report:
Chapter 7    Solar PV Backsheet Market, By Technology
7.1    Global market share by technology, 2016 & 2024
7.2    Crystalline
7.2.1    Global market, 2013 – 2024
7.2.2    Global market, by region, 2013 - 2024, (USD Million)
7.2.3    Global market, by region, 2013 - 2024, (Million Square Foot)
7.3    Thin Film
7.3.1    Global market, 2013 – 2024
7.3.2    Global market, by region, 2013 - 2024, (USD Million)
7.3.3    Global market, by region, 2013 - 2024, (Million Square Foot)
7.4    Ultra-Thin Film
7.4.1    Global market, 2013 – 2024
7.4.2    Global market, by region, 2013 - 2024, (USD Million)
7.4.3    Global market, by region, 2013 - 2024, (Million Square Foot)

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


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