Global Solar Backsheet Market Analysis
The global solar backsheet market is expected to exhibit a robust 7.20% CAGR over the forecast period from 2018 to 2023, according to the latest research report published by Market Research Future (MRFR). The Global Solar Backsheet Market is mainly driven by the growing awareness about the benefits of solar power in comparison to traditional methods of power generation, which has driven investment in the development of capable solar power projects all over the world. The growing interest in solar power is likely to smoothen the global solar backsheet market
The growing government support to the development of solar power infrastructure is likely to be a major driver for the global solar backsheet market over the forecast period. Several developed countries have established solid solar power infrastructures with a view to acquiring all their power from renewable, environmentally viable methods. Developing countries such as India and China are also major players in the global solar power market due to the abundant availability of solar power in these countries and the high potential of solar power in terms of being able to replace conventional electricity generation procedures and emerge as a major source of power over the forecast period and beyond.
Competitive Analysis:
Leading players in the global solar backsheet market include Flexcon, Krempel, Hangzhou Sunhome Solar Backsheet Co. Ltd., Dunmore Corporation, 3M, Isovoltaic, Jolywood, Dupont, Agfa, and Honeywell.
Global Solar Backsheet Market Segmentation:
The global solar backsheet market is segmented on the basis of type, installation, application, and region.
By type, the global solar backsheet market is segmented into fluoropolymer and non-fluoropolymer.
By installation, the global solar backsheet market is segmented into roof mounted, ground mounted, and floating power plants.
By application, the global solar backsheet market is segmented into utilities, residential, military, industrial, and commercial.
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Regional Analysis:
Asia Pacific is likely to hold on to the largest share in the global solar backsheet market over the forecast period due to the growing demand for solar power projects in China, India, and a number of other Asia Pacific countries. The environmental viability, low costs, and convenient linkage of solar power with conventional mainline grids have driven the demand for solar power in the emerging region, which has driven the solar backsheet market in the region as well. Several countries in the region are trying to develop localized power generation infrastructures based on solar and hydropower, leading to a growing demand from the solar backsheet market. Asia Pacific is also likely to exhibit the highest growth rate over the forecast period due to the growing demand for solar power projects in the region. China is likely to remain the leading country-level market.
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