The Solar Encapsulation Global Market Report 2023, provides comprehensive information on the solar encapsulation market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Solar Encapsulation Global Market Report 2023, the market size is expected to grow from $2.68 billion in 2022 to $3.34 billion in 2023 at a compound annual growth rate (CAGR) of 24.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global solar encapsulation is expected to grow to $8.04 billion in 2027 at a CAGR of 24.6%.
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Technology advancement is a key trend gaining popularity in the solar encapsulation market. Major players in the market are focusing on launching and implementing advance solar encapsulation technology for solar modules. The advanced encapsulation technologies replace the gaps between solar cells and improve the efficiency of PV modules while incorporating modular designs. By the use of advanced encapsulation technologies, companies can increase their business and gain a competitive edge in the market. For instance, in May 2022, JA Solar Holdings, a China-based solar development company, launched DeepBlue 4.0 X, a new n-type PV module that uses specially designed encapsulation materials and patented GFI (Gapless Flexible Interconnection) high-density module encapsulation technology to deal with mechanical stress at cell interconnections and lower the danger of microcracking.
The solar encapsulation market is segmented:
1) By Material: Non-Ethylene Vinyl Acetate, UV Curable Resin, Other Materials
2) By Solar Module: Polycrystalline Silicon Cells, Cadmium Telluride, Amorphous Silicon Cells, Other Solar Modules
3) By Application: Automotive, Electronics, Other Applications
Asia-Pacific was the largest region in the solar encapsulation market in 2022.
The table of contents in TBRC’s solar encapsulation market report includes:
- Executive Summary
- Solar Encapsulation Market Characteristics
- Solar Encapsulation Market Trends And Strategies
- Solar Encapsulation Market – Macro Economic Scenario
- Solar Encapsulation Market Size And Growth.
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- Africa Solar Encapsulation Market
- Solar Encapsulation Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Solar Encapsulation Market
- Solar Encapsulation Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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