Press release
Solar Pv Backsheet Market Segmentation, Industry trends and Developments to 2024 | 3M, DuPont, Isovoltaic, Coveme, Toyo Aluminium, MADICO, Astenik Solar, ZTT International
China's presence in solar PV backsheet market may date back to more than three years earlier, when the tabloids were afloat with the news that three major Chinese companies, namely, Cybrid, Jolywood, and Taiflex held nearly 25% of the overall backsheet business share in 2014 and accounted for more than 9 GW worth of shipments in 2013. Now, with a plethora of investments in place, in conjunction with numerous PV facility expansions across the nation, China solar PV backsheet in size has been anticipated to cross a yearly installation of more than 2 billion square foot by 2024, which would make the country one of the most pivotal contributors toward solar PV backsheet industry growth in the ensuing years.The appreciable rise of the solar energy spectrum has been forecast to have a tremendous influence on solar PV backsheet market, given the pivotal role the PV backsheet plays in shielding solar module components from outside stress. As investments in PV module manufacturing increase, the demand for PV backsheets would observe a simultaneous boost, thereby increasing the scope of expansion for solar PV backsheet industry.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Isovoltaic AG
2. Coveme
3. Toyo Aluminium K.K.
4. MADICO Incorporated
5. Hangzhou First Applied Material Co. Ltd.
6. Taiflex Scientific Co. Ltd.
7. 3M
8. DuPont
9. KREMPEL
10. TARGRAY
11. DUNMORE
12. ARKEMA
13. Toray
14. Astenik Solar Inc.
15. ZTT International
DuPont's recent alliance with Desert Technologies is remnant of the fact that solar PV backsheet market in indeed buzzing with a plethora of activities. Contemplating the robust rise of the overall solar space in the last decade, it goes without saying that related business verticals are bound to observe a similar expansion in terms of revenue. Desert Technologies, one of the reputed renewable energy moguls of the Gulf, apparently has teamed up with PV materials manufacturer, DuPont, to speed up its mono module production to a capacity of 120 MW by Q4 2017.
The expeditious growth of the renewable energy sector across the globe, especially the solar business sphere, is undoubtedly going to have a tremendous influence on solar PV backsheet market. As the construction of more and more residential and commercial establishments is underway, the deployment of roof-top units would gradually observe a rise, thus augmenting solar PV backsheet industry. Furthermore, the adoption of PV technology has also increased by several notches in recent times. This rise in deployment can be attributed to the expansion of micro-grid networks for fulfilling the off-grid energy demand, which would commendably impel solar PV backsheet market share over the forthcoming years. With fossil fuel resource depletion and a favorable regulatory landscape to boot, solar energy system deployments have witnessed a notable rise lately.
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