Solar Encapsulation Market Size, Share, Global Industry Trends and Forecast 2019-2025

The global solar encapsulation market is still at a nascent stage of development. Solar encapsulation is the process of laminating and protecting the solar panels and equipment that can easily be damaged by physical threats and environmental conditions. The solar encapsulation has features such as improving the efficiency of solar panels and cost-saving for end-user that have led to an increase in demand in the market. Additionally, the solar encapsulation protects the solar PV components from oxidation and corrosion that enhances the life cycle of solar panels.

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Encapsulation of solar panels is done between the glass cover of the solar cell and the solar module glass cover located inside the module. The selection of materials for solar encapsulation depends on the requirements of the end-user and these materials should be corrosion resistant and flame retardant. The adoption of solar encapsulation process is seen in various industries such as construction, automotive, agriculture, and others which are expected to drive the growth of the solar encapsulation market.

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There are manifold benefits of solar encapsulation that include a reduction in maintenance cost, a safe working environment, providing electrical transmissivity, keeping panels moisture free and increasing the performance of solar panels. Other benefits of solar encapsulation include good mechanical resistance, good insulation, adhesion property, and good light transmittance. The growth of the global solar encapsulation industry is attributed to various factors that include rising demand for solar energy due to rising infrastructure development, and urbanization and growing awareness towards using renewable sources of energy.

Further, many government agencies have set targets to ensure a reduction in the carbon emissions and maximum adoption of solar technology. The growing demand for solar PV modules and increasing government initiatives will fuel the growth of the market. Furthermore, the market demand in commercial and non-commercial sectors is increasing due to vivid mechanical and chemical properties of solar encapsulation material such as thermal durability and resistivity that makes it highly effective.

Additionally, negligible product substitutes, growing acceptance of solar encapsulation process across the globe and development of organic solar technology in the future are some of the key opportunities of this market. The major players operating in the market include STR Holdings Inc., Bridgestone Corp., DowDupont Inc., Encapsulantes de Valor Añadido S.A., Hangzhou First Applied Material Co. Ltd., Kuraray Europe GmbH, Changzhou Sveck Technology Co. Ltd., and so on.

Current Market Trends Covered in the Market Report:
· Rising adoption of solar energy for power generation leading to the increased necessity of PV module protection
· The emergence of both, thin-film and high-efficiency cells that need environmental protection
· Rising industrial applications include agriculture, construction, and automotive sector
· Europe – Grow significantly in the future due to increased R&D in the solar encapsulation market

Report Global Solar Encapsulation Market – Segmentation

By Technology
· Crystalline Silicon
· Thin-Film Silicon

By Materials
· Ethylene Vinyl Acetate
· Polyvinyl Butyral
· Ionomer
· Others (Thermoplastic Polyurethane, Polyolefin)

By End-User
· Residential
· Non-Residential

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The Report Global Solar Encapsulation Market – Segment by Region

North America
Europe
Asia-Pacific
Rest of the World
Latin America

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Source: https://www.omrglobal.com/press-release/global-solar-encapsulation-market

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