Solar Encapsulation Market Growth and Forecast 2015 - 2023

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REPORT DESCRIPTION
Encapsulation of solar cells is done between the solar module glass cover and the glass cover of the solar
cell located inside the module. Encapsulations are usually done in order to extend the useful life of such PV
installations. Materials selected for encapsulations usually possess corrosion resistant, flame retardant or
hard wearing properties. Generally such encapsulation cannot be easily automated and requires significant
energy and material resources. The use of such encapsulants is growing steadily in multiple industries
such as construction and automotive among others. Encapsulation ensures safe working of solar PV
modules which enables consumers to reduce the maintenance costs.
In-depth research report on Solar Encapsulation Market with Full TOC at :
http://www.transparencymarketresearch.com/solar-encapsulation-market.html
The construction industry is one the largest consumers of this segment. The growth of construction
industry in the future will encourage companies to invest in R&D activities associated with solar
encapsulation technology. The market for solar encapsulation is anticipated to grow at a substantial rate in
the future owing to increased adoption of solar PV modules. Currently, there are no substitutes available
for solar encapsulation technology, thus the growth of PV modules will directly enhance the growth rate of
this technology.
Growing awareness towards renewable energy resources and increased adoption of solar as a viable form
of energy is bolstering the demand for solar PV modules. Many government agencies in developed
counties have set targets to ensure maximum adoption of solar technology. Such government initiatives
and growing demand of solar PV modules will encourage investment in solar encapsulation market. Other
driving factors include growing energy requirements and immense technological proliferation in the solar
PV module industry resulting in plummeting prices. Even though the market is at a nascent stage of
development, growing acceptance and negligible product substitutes will ensure steady growth of the
market in future. Constant R&D initiatives by existing PV module manufacturers will drive down
encapsulation prices in the future as well as develop newer encapsulants for future PV technologies. The
development of organic solar technology in the future will attract further investment in solar encapsulation
market.
The encapsulants can be segmented on the basis of technology and materials used. Segmentation on the
basis of technology can be done as polycrystalline silicon solar technology and thin film solar technology.
On the basis of material used for encapsulation, segmentation may be done as Polydimethylsiloxane
(PDMS), Ethylene Vinyl Acetate (EVA), Polyvinyl Butyral (PVB) and Ionomers among others. The material to
be used for construction of solar encapsulation depends on the requirements of the consumer.
Asia is emerging to be the market leader in terms of adoption of such encapsulation technologies. This is
mostly due to aggressive renewable energy targets and growing energy requirements of the Asian
economies. Countries such as India and China have intensively invested in this technology. Significant
adoption is also observed in both North America and Europe. The national governments in these regions
have announced several tax benefits to encourage adoption of solar technology which positively impacts
the solar encapsulation market. Rest of the World has a comparatively lower market share in the overall
installation market.
Some of the key players competing in solar encapsulation market include Bridgestone, STR Holdings Inc.,
DuPont, First Solar GmBH, Dow Corning Corporation, KURARAY EUROPE GMBH and Hangzhou First PV
Material Co. Ltd. among others.
This research report analyzes this market on the basis of its market segments, major
geographies, and current market trends. Geographies analyzed under this research report
include
•
North America
•
Asia Pacific
•
Europe
•
Middle East and Africa
•
Latin America
This report provides comprehensive analysis of
•
Market growth drivers
•
Factors limiting market growth
•
Current market trends
•
Market structure
•
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market players and new entrants
along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
•
It provides a forward looking perspective on different factors driving or restraining market growth
•
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
•
It helps in understanding the key product segments and their future
•
It provides pin point analysis of changing competition dynamics and keeps you ahead of
competitors
•
It helps in making informed business decisions by having complete insights of market and by
making in-depth analysis of market segments
•
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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Encapsulation of solar cells is done between the solar module glass cover and the glass cover of the solar cell located inside the module. Encapsulations are usually done in order to extend the useful life of such PV installations. Materials selected for encapsulations usually possess corrosion resistant, flame retardant or hard wearing properties. Generally such encapsulation cannot be easily automated and requires significant energy and material resources. The use of such encapsulants is growing steadily in multiple industries such as construction and automotive among others. Encapsulation ensures safe working of solar PV modules which enables consumers to reduce the maintenance costs. In-depth research report on Solar Encapsulation Market with Full TOC at : http://www.transparencymarketresearch.com/solar-encapsulation-market.html