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Solar Encapsulation Market Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027
Solar Encapsulation Market
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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.
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.
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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.
Global Solar Encapsulation Market- Segmentation
By End-User
Residential
Non-Residential
By Materials
Ethylene Vinyl Acetate
Polyvinyl Butyral
Ionomer
Others (Thermoplastic Polyurethane, Polyolefin)
By Technology
Crystalline Silicon
Thin-Film Silicon
Global Solar Encapsulation Market- Regions
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East & Africa
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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