Latest News- Solar PV Backsheet Market: Fluoropolymer is expected to lead the Product segment during 2025-2029

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 12.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2246.5 million. In the solar photovolvolic (PV) industry, half-cut cell modules represent a noteworthy advancement, boosting both efficiency and durability through innovative technology. These modules employ monocrystalline or polycrystalline solar cells, which are meticulously cut in half using laser technology. This design significantly reduces resistance losses, leading to a more efficient module compared to traditional full-cell modules. In a solar module setup, when cells are arranged in series, voltage accumulates within the string. Conversely, when an additional parallel string of cells is integrated, current increases while voltage remains constant. Half-cut cell modules, with their enhanced efficiency, contribute to optimizing overall system performance in solar power generation. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Fluoropolymer
  • Non-fluoropolymer
• End-user
  • Utility
  • Commercial
  • Residential
• Technology
  • Crystalline silicon
  • Thin film
  • Ultra-thin film
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • 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

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Market Scope in Solar PV Backsheet Market Research Report

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Research Analysis Overview

The Solar PV backsheet market encompasses products with essential optical and electrical properties, including high light transmittance and excellent dielectric strength. Key factors influencing market growth are thermal conductivity, flexural and tensile strength, color stability, and field performance. Other considerations include degradation mechanisms, corrosion and chemical resistance, UV resistance, waste management, life cycle assessment, carbon emission, energy payback time, and adoption of green technology, green manufacturing, sustainable development, and renewable energy sources during the energy transition.

Market Research Overview

The Solar PV Backsheet market is a significant segment of the expansive global electrical components and equipment industry. This sector caters to the manufacturing of backsheets for photovoltaic (PV) modules, which form a crucial part of the laminated structure. Backsheets ensure weather resistance, UV degradation protection, and serve as a moisture barrier for solar cells. As part of the electrical components and equipment market, the Solar PV Backsheet market includes revenues from manufacturers of electrical distribution and protection equipment, power supplies and conditioners, and other related technologies. This market caters to industrial, commercial, and residential sectors, with offerings ranging from renting and leasing to outright sales.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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