DUBLIN--(BUSINESS WIRE)--The "Solar Backsheet Market by Type (Fluoropolymer and Non-Fluoropolymer), Application (Utility, Industrial, Commercial, Residential, and Military), Installation (Roof-Mounted, Ground-Mounted, and Floating Power Plant), and Region Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global solar backsheet market is projected to grow at a CAGR of 7.02%, from 2018 to 2023, to reach a market size of USD 2.4 Billion by 2023, from an estimated market size of USD 1.71 Billion in 2018.
The global market growth is driven by increasing global solar PV installations as well as policy support from governments to enable the adoption of renewable technologies, coupled with the rising need to reduce carbon emissions.
The report segments the solar backsheet market, by application, into utility, industrial, commercial, residential, and military. The utility segment is expected to be the largest market. This segment is driven mainly by the global increase in installations of solar power plants, both for utility and distributed power generation applications, to meet the global power demand.
The report segments the solar backsheet market, by installation, into roof-mounted, ground-mounted, and floating power plant. The floating power plant market is expected to grow at the highest CAGR during the forecast period. The growth of the market can be attributed to the ability of these plants to generate more power due to the cooling nature of water. Floating power plants also solve land constraints issues, which is a major hurdle in ground-mounted solar installations.
The solar backsheet market has been further segmented, based on type, into fluoropolymer and non-fluoropolymer. The non-fluoropolymer segment is expected to grow at the fastest rate during the forecast period. This growth can be attributed to its cost-effectiveness as compared to fluoropolymer-based backsheet.
- Increasing Solar PV Installation
- Policy Supports from Governments to Enable Adoption of Renewable Technologies
- High Installation and Storage Cost of Solar PV Power
- Technology Advancement
- PV Panel Failures Due to Poor Testing Standard of Backsheets
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Solar Backsheet Consumption Market, by Region
7 Solar Backsheet Installation Market, by Type
8 Solar Backsheet Installation Market, by Installation
9 Solar Backsheet Installation Market, by Application
10 Solar Backsheet Installation Market, by Region
11 Competitive Landscape
12 Company Profiles
- Hangzhou First
- Mitsubishi Polyester Film
For more information about this report visit https://www.researchandmarkets.com/research/kqbkj4/global_solar?w=4