
Solar Encapsulation Market by Material Type (Ethylene Vinyl Acetate (EVA), lonomer, Polydimethylsiloxane (PDMS)), Technology (Crystalline Silicon Solar, Thin-Film Solar), Installation Type, End-Use - Global Forecast 2024-2030
Description
Solar Encapsulation Market by Material Type (Ethylene Vinyl Acetate (EVA), lonomer, Polydimethylsiloxane (PDMS)), Technology (Crystalline Silicon Solar, Thin-Film Solar), Installation Type, End-Use - Global Forecast 2024-2030
The Solar Encapsulation Market size was estimated at USD 5.05 billion in 2023 and expected to reach USD 5.41 billion in 2024, at a CAGR 7.67% to reach USD 8.48 billion by 2030.
Global Solar Encapsulation Market
Solar encapsulation refers to the process of enclosing or sealing photovoltaic (PV) solar cells within a protective laminate to ensure robust protection against environmental factors such as moisture, UV radiation, and mechanical stress. Encapsulation materials are made from ethylene-vinyl acetate (EVA), polyolefin elastomer (POE), or thermoplastic polyurethane (TPU), chosen for their adhesive properties, clarity, and resistance to potential chemical and physical degradation over extended periods. The encapsulant ensures the preservation of electrical performance by providing insulation and maintaining solid electrical connections between cells. Solar encapsulation prevents corrosion of the cells by creating a barrier against oxygen and water ingress. Additionally, the flexibility of the encapsulant promotes the dissipation of thermal stresses, which further contributes to the overall service life of the solar panels. The increase in solar energy installations and government policies for promoting renewable energy use are expanding the scope of the solar encapsulation market worldwide. However, high costs associated with developing and producing advanced encapsulation materials and issues related to the recycling and disposal of solar panels can affect the penetration of solar encapsulation. Nevertheless, developing new encapsulation materials and innovations in solar modules compatible with flexible and lightweight encapsulants are expected to drive the demand for the solar encapsulation market in the coming years.
Regional Insights
The Americas represent a significant market for solar encapsulation materials, owing to robust government initiatives and renewable energy mandates. Customer purchasing behavior shows a growing preference for sustainable energy solutions, promoting solar installations in residential, commercial, and utility sectors. In the Asia Pacific region, the massive manufacturing base and government support for photovoltaic technology have bolstered solar investments across the region. Moreover, favorable government policies and the development of new encapsulant materials to maximize the efficiency of solar panels are expanding the scope of the solar encapsulation market. The EMEA region showcases strong government commitment towards renewable energy with stringent environmental regulations and targets to drive the penetration of solar encapsulation. The Middle East has shown impressive strides in solar energy with large-scale solar projects, presenting new opportunities for encapsulation material providers. The ongoing advancements in encapsulation materials and supportive government investments for solar projects in the EMEA region are anticipated to augment the solar encapsulation market in the coming years.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Solar Encapsulation Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Solar Encapsulation Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Solar Encapsulation Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Alishan Green Energy Pvt. Ltd., Astenik Solar Inc., Borealis AG, BREYER Maschinenfabrik GmbH, China JWELL Intelligent Machinery Co.,Ltd., dnpSolar, Dunmore Corporation, ENERLITE SOLAR FILMS INDIA PVT LTD, Enrich Encap Pvt Ltd., Hangzhou First Applied Materials Co., Ltd., Heliatek GmbH, JA Solar Technology Co., Ltd., Lucent CleanEnergy, Mitsubishi Chemical Corporation, Mitsui Chemicals Group, Navitas Alpha Renewables Private Limited, RenewSys India Pvt. Ltd., Saint-Gobain S.A., Shenzhen Gaoren Electronic New Material Co. Ltd., Targray Technology International Inc., The Dow Chemical Company, USEON Technology Limited, and Vishakha Renewables Pvt. Ltd..
Market Segmentation & Coverage
This research report categorizes the Solar Encapsulation Market to forecast the revenues and analyze trends in each of the following sub-markets:
Material Type
Ethylene Vinyl Acetate (EVA)
lonomer
Polydimethylsiloxane (PDMS)
Polyolefin
Polyvinyl Butyral (PVB)
Thermoplastic Polyurethane (TPU)
Technology
Crystalline Silicon Solar
Thin-Film Solar
Installation Type
Building-Integrated Photovoltaic
Floating Photovoltaic
Ground-Mounted
End-Use
Commercial
Residential
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
1. What is the market size and forecast of the Solar Encapsulation Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Solar Encapsulation Market?
3. What are the technology trends and regulatory frameworks in the Solar Encapsulation Market?
4. What is the market share of the leading vendors in the Solar Encapsulation Market?
5. Which modes and strategic moves are suitable for entering the Solar Encapsulation Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
186 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Solar Encapsulation Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Ongoing shift toward renewable and sustainable energy sources
- 5.1.1.2. Adoption of solar encapsulation to increase performance of solar cell
- 5.1.1.3. Rising investments in building integrated solar projects
- 5.1.2. Restraints
- 5.1.2.1. Fluctuating availability and prices of raw materials used for solar encapsulation
- 5.1.3. Opportunities
- 5.1.3.1. Ongoing advancements in solar encapsulation technology and materials
- 5.1.3.2. Supportive government investments in clean and green energy generation
- 5.1.4. Challenges
- 5.1.4.1. Technical limitations associated with solar encapsulation solutions
- 5.2. Market Segmentation Analysis
- 5.2.1. Material Type: Emerging adoption of ionomers for solar encapsulation
- 5.2.2. Technology: Significant preference for thin-film solar technologies for solar encapsulation
- 5.2.3. Installation Type: Growing investments for solar encapsulation across floating solar projects
- 5.2.4. End-Use: Penetration of solar encapsulation materials in commercial settings
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 6. Solar Encapsulation Market, by Material Type
- 6.1. Introduction
- 6.2. Ethylene Vinyl Acetate (EVA)
- 6.3. lonomer
- 6.4. Polydimethylsiloxane (PDMS)
- 6.5. Polyolefin
- 6.6. Polyvinyl Butyral (PVB)
- 6.7. Thermoplastic Polyurethane (TPU)
- 7. Solar Encapsulation Market, by Technology
- 7.1. Introduction
- 7.2. Crystalline Silicon Solar
- 7.3. Thin-Film Solar
- 8. Solar Encapsulation Market, by Installation Type
- 8.1. Introduction
- 8.2. Building-Integrated Photovoltaic
- 8.3. Floating Photovoltaic
- 8.4. Ground-Mounted
- 9. Solar Encapsulation Market, by End-Use
- 9.1. Introduction
- 9.2. Commercial
- 9.3. Residential
- 10. Americas Solar Encapsulation Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Solar Encapsulation Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Solar Encapsulation Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. FPNV Positioning Matrix
- 13.2. Market Share Analysis, By Key Player
- 13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Agreement, Collaboration, & Partnership
- 13.3.1.1. Trio Partners to Commercialize Encapsulation on Perovskite Solar Cells
- 13.3.2. New Product Launch & Enhancement
- 13.3.2.1. Alishan Green Energy, the First in India to Launch Coated Backsheet: A Game-Changing Solution for Solar Module Encapsulation
- 13.3.3. Investment & Funding
- 13.3.3.1. Navitas Solar Subsidiary Navitas Alpha Renewables Secured INR 70 Million Seed Funding To Expand Capacity
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.1.1. 3M Company
- 14.1.2. Alishan Green Energy Pvt. Ltd.
- 14.1.3. Astenik Solar Inc.
- 14.1.4. Borealis AG
- 14.1.5. BREYER Maschinenfabrik GmbH
- 14.1.6. China JWELL Intelligent Machinery Co.,Ltd.
- 14.1.7. dnpSolar
- 14.1.8. Dunmore Corporation
- 14.1.9. ENERLITE SOLAR FILMS INDIA PVT LTD
- 14.1.10. Enrich Encap Pvt Ltd.
- 14.1.11. Hangzhou First Applied Materials Co., Ltd.
- 14.1.12. Heliatek GmbH
- 14.1.13. JA Solar Technology Co., Ltd.
- 14.1.14. Lucent CleanEnergy
- 14.1.15. Mitsubishi Chemical Corporation
- 14.1.16. Mitsui Chemicals Group
- 14.1.17. Navitas Alpha Renewables Private Limited
- 14.1.18. RenewSys India Pvt. Ltd.
- 14.1.19. Saint-Gobain S.A.
- 14.1.20. Shenzhen Gaoren Electronic New Material Co. Ltd.
- 14.1.21. Targray Technology International Inc.
- 14.1.22. The Dow Chemical Company
- 14.1.23. USEON Technology Limited
- 14.1.24. Vishakha Renewables Pvt. Ltd.
- 14.2. Key Product Portfolio
- 15. Appendix
- 15.1. Discussion Guide
- 15.2. License & Pricing
- FIGURE 1. SOLAR ENCAPSULATION MARKET RESEARCH PROCESS
- FIGURE 2. SOLAR ENCAPSULATION MARKET SIZE, 2023 VS 2030
- FIGURE 3. SOLAR ENCAPSULATION MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. SOLAR ENCAPSULATION MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. SOLAR ENCAPSULATION MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. SOLAR ENCAPSULATION MARKET DYNAMICS
- FIGURE 7. SOLAR ENCAPSULATION MARKET SIZE, BY MATERIAL TYPE, 2023 VS 2030 (%)
- FIGURE 8. SOLAR ENCAPSULATION MARKET SIZE, BY MATERIAL TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. SOLAR ENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
- FIGURE 10. SOLAR ENCAPSULATION MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. SOLAR ENCAPSULATION MARKET SIZE, BY INSTALLATION TYPE, 2023 VS 2030 (%)
- FIGURE 12. SOLAR ENCAPSULATION MARKET SIZE, BY INSTALLATION TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. SOLAR ENCAPSULATION MARKET SIZE, BY END-USE, 2023 VS 2030 (%)
- FIGURE 14. SOLAR ENCAPSULATION MARKET SIZE, BY END-USE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. AMERICAS SOLAR ENCAPSULATION MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 16. AMERICAS SOLAR ENCAPSULATION MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. UNITED STATES SOLAR ENCAPSULATION MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 18. UNITED STATES SOLAR ENCAPSULATION MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. ASIA-PACIFIC SOLAR ENCAPSULATION MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. ASIA-PACIFIC SOLAR ENCAPSULATION MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. EUROPE, MIDDLE EAST & AFRICA SOLAR ENCAPSULATION MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 22. EUROPE, MIDDLE EAST & AFRICA SOLAR ENCAPSULATION MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 23. SOLAR ENCAPSULATION MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 24. SOLAR ENCAPSULATION MARKET SHARE, BY KEY PLAYER, 2023
Pricing
Currency Rates
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