Latest News- Solar PV Backsheet Market: Fluoropolymer is expected to lead the Product segment during 2024-2028

The Solar PV Backsheet Market is being driven by Increasing use of thin-film solar PV modules

The Solar PV Backsheet Market is expected to grow at a CAGR of 12.02% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1894.6 million. In the solar photovoltaic (PV) industry, half-cut cell modules have emerged as a prominent trend due to their enhanced efficiency. These modules are manufactured using monocrystalline or polycrystalline solar cells that are cut in half using a laser technique. Unlike standard solar PV modules, which combine multiple cells to create a module, half-cut cell modules consist of individual cells that have been split at their middle. This innovative design reduces the overall resistance loss of the module by approximately 50%, leading to a substantial increase in the efficiency of half-cut cell modules compared to standard modules. 

Get more information on Solar PV Backsheet Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Fluoropolymer
  • Non-fluoropolymer
• End-user
  • Utility
  • Commercial
  • Residential
• Geography
  • APAC
    • China
    • Japan
  • Europe
    • Germany
  • North America
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing use of thin-film solar PV modules
• Declining cost of solar power generation
• Supportive government policies and regulations

However, the market also witnesses some limitations, which are as follows:

• Backsheet-associated PV module failures
• Low conversion efficiency of solar PVs
• Availability of alternate sources of energy

Benefits of Buying Global Solar PV Backsheet Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Solar PV Backsheet Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Solar PV Backsheet Market encompasses the production of backsheets for photovoltaic (PV) devices, including both fluoropolymer and non-fluoropolymer types. These backsheets protect solar panels, which are composed of silicon and silicon dioxide, from environmental factors. The cost of manufacturing units for these backsheets influences solar panel expenses. BOS providers and systems integrators install these backsheets on roofs, grounds, and floating power plants. Fluoropolymer backsheets, available in single- and double-layered versions, are preferred due to their superior resistance to UV radiation and water. Polymers, such as fluoropolymers, play a crucial role in reducing carbon emissions from renewable energy sources.

Market Research Overview

The Solar PV Backsheet Market is a significant segment of the larger global electrical components and equipment market, which encompasses organizations involved in the production of electrical cables and wires, electrical components, and electrical equipment. This market's size is determined by the consolidated revenue generated by manufacturers of various sub-segments, including water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components. Furthermore, the market includes companies that rent or lease electrical components and equipment to industrial, commercial, and residential clients. In the context of the Solar PV Backsheet Market, key considerations include manufacturing units' carbon emissions, the utilization of renewable energy sources, and the production of silicon and silicon dioxide for the fabrication of fluoropolymer and non-fluoropolymer backsheets. These backsheets play a crucial role in protecting Solar Photovoltaic (PV) panels from environmental damage caused by ultra-violet radiation and humidity.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/