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Global Solar Encapsulation Market 2019-2023

Global Solar Encapsulation Market 2019-2023

About this market

The growing adoption of renewable energy is one of the prominent growth drivers expected to impact the solar encapsulation market during the forecast period. Renewable energy plays a vital role in the global aim toward attaining a sustainable and less carbon-intensive environment, which, in turn, requires a significant change in the global energy mix. The adoption of renewables has increased mainly due to these changes. Globally, the renewable energy sector is growing significantly due to the competitive price of power generation, subsidies provided by various governments, and favorable regulations. Technavio’s analysts have predicted that the solar encapsulation market will register a CAGR of about 10% by 2023.

Market Overview

Supportive government policies and regulations

The inclusion of renewables to bring about a change in the energy mix worldwide is a crucial step toward ensuring emission-free energy generation. Governments around the world are supporting the adoption of renewable technologies, inducing solar energy by providing subsidies, incentives, and tax benefits to both producers and consumers. Governments are also introducing separate policies for different types of solar PV installations, such as installations on buildings, roof-mounted installations, and the installation of free-standing facilities. Thus, supportive government policies have contributed in a significant way to the growth of solar encapsulation globally.

Challenges associated with recycling solar PV module scrap

Solar PV systems generate waste, including solar PV modules that have either reached their end-of-life or are damaged or broken and cannot be used further. However, there are no standards or policies for the safe disposal of solar PV waste. The disposal of the solar waste in landfills is considered unsafe especially if the solar PV module is broken as the toxic materials can contaminate the soil and water, and thus, their disposal remains a significant issue. The challenges surrounding the proper disposal of solar PV system wastes will affect the adoption of solar PV modules which will lead to a shift in consumer preference toward other alternative sources of energy generation, thus hampering the growth of the global solar encapsulation market.

For the detailed list of factors that will drive and challenge the growth of the solar encapsulation market during 2019-2023, view our report.

Competitive Landscape

The market appears to be highly fragmented. The presence of several companies, including 3M Co. and Arkema Group, the competitive environment is quite intense. Factors such as the growing adoption of renewable energy coupled with supportive government policies and regulations will provide significant growth opportunities to solar encapsulation manufactures. E. I. du Pont de Nemours and Co., HANGZHOU FIRST APPLIED MATERIAL Co. Ltd., and STR Holdings Inc. are some of the major companies covered in this report.


Companies Mentioned

3M Co.

Arkema Group

E. I. du Pont de Nemours and Co.

HANGZHOU FIRST APPLIED MATERIAL Co. Ltd.

STR Holdings Inc.

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global renewable energy market
      • Table Segments of global renewable energy market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Crystalline silicon PV module - Market size and forecast 2018-2023
      • Table Crystalline silicon PV module - Market size and forecast 2018-2023 ($ millions)
      • Table Crystalline silicon PV module - Year-over-year growth 2019-2023 (%)
    • Thin film PV module - Market size and forecast 2018-2023
      • Table Thin film PV module - Market size and forecast 2018-2023 ($ millions)
      • Table Thin film PV module - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Growing adoption of polyolefin encapsulants
    • Developments pertaining to solar PV modules
    • Increased adoption of microgrids
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • 3M Co.
      • Table 3M Co. - Vendor overview
      • Table 3M Co. - Business segments
      • Table 3M Co. - Organizational developments
      • Table 3M Co. - Geographic focus
      • Table 3M Co. - Segment focus
      • Table 3M Co. - Key offerings
    • Arkema Group
      • Table Arkema Group - Vendor overview
      • Table Arkema Group - Business segments
      • Table Arkema Group - Organizational developments
      • Table Arkema Group - Geographic focus
      • Table Arkema Group - Segment focus
      • Table Arkema Group - Key offerings
    • E. I. du Pont de Nemours and Co.
      • Table E. I. du Pont de Nemours and Co. - Vendor overview
      • Table E. I. du Pont de Nemours and Co. - Business segments
      • Table E. I. du Pont de Nemours and Co. - Organizational developments
      • Table E. I. du Pont de Nemours and Co. - Geographic focus
      • Table E. I. du Pont de Nemours and Co. - Key offerings
    • HANGZHOU FIRST APPLIED MATERIAL Co. Ltd.
      • Table HANGZHOU FIRST APPLIED MATERIAL Co. Ltd. - Vendor overview
      • Table HANGZHOU FIRST APPLIED MATERIAL Co. Ltd. - Geographic focus
      • Table HANGZHOU FIRST APPLIED MATERIAL Co. Ltd. - Key offerings
    • STR Holdings Inc.
      • Table STR Holdings Inc. - Vendor overview
      • Table STR Holdings Inc. - Geographic focus
      • Table STR Holdings Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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