DUBLIN--(BUSINESS WIRE)--The "Global Solar Encapsulation Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The solar encapsulation market will register a CAGR of about 10% by 2023.
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.
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.
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.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
Preface
Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
Market segmentation by application
Comparison by application
Crystalline silicon PV module - Market size and forecast 2018-2023
Thin film PV module - Market size and forecast 2018-2023
Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2018-2023
EMEA - Market size and forecast 2018-2023
Americas - Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 11: MARKET TRENDS
Growing adoption of polyolefin encapsulants
Developments pertaining to solar PV modules
Increased adoption of microgrids
PART 12: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 13: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
- 3M Co.
- Arkema Group
- E. I. du Pont de Nemours and Co.
- Hangzhou First Applied Material Co. Ltd.
- STR Holdings Inc.
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