Energy and Power

Solar Encapsulation Market Analysis and Global Forecast 2023-2033

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Solar Encapsulation Market By Materials (Ethylene Vinyl Acetate, Non-Ethylene Vinyl Acetate, UV Curable Resins), By Solar Module (Monocrystalline Silicon Cells, Polycrystalline Silicon Cells, Cadmium Telluride, Amorphous Silicon Cells, Others), By Application (Construction, Automobiles, Electronics, Others) and By Geography – COVID-19 Impact Analysis, Post COVID Analysis, Opportunities, Trends and Forecast from 2023 – 2033

Page: 167

Report Published on: July 1, 2021
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Description

Solar Encapsulation Market Overview

The Solar Encapsulation Market Size is expected to reach USD 9.44 Billion by 2033. The Solar Encapsulation industry size accounted for USD 3.85 Billion in 2023 and is expected to expand at a CAGR of 9.01% from 2023 to 2033. Solar encapsulation refers to the protective material or layers used to encase and shield photovoltaic (PV) solar cells within a solar panel or module. These materials are designed to safeguard the delicate solar cells from environmental factors such as moisture, dust, temperature fluctuations, and physical stress while allowing sunlight to penetrate and be converted into electricity. Solar encapsulation serves to enhance the durability, efficiency, and longevity of solar panels, ensuring their sustained performance over many years of exposure to various weather conditions and environmental stresses.

Global Solar Encapsulation Market Synopsis

Solar Encapsulation Market AnalysisCOVID-19 Impact Analysis

The Solar Encapsulation market experienced a dual effect from the COVID-19 pandemic. Initially, the global supply chain disruptions and lockdown measures introduced in response to the pandemic caused some delays in solar panel production and installation projects. This led to a temporary slowdown in the solar encapsulation market, as manufacturers grappled with sourcing materials and maintaining operations. However, as the pandemic unfolded, it became evident that solar energy and renewable sources were crucial for building resilience and reducing carbon emissions. Governments and organizations worldwide began prioritizing green recovery and renewable energy investments, which stimulated solar projects. Consequently, the latter part of the pandemic saw a resurgence in demand for solar encapsulation materials, emphasizing the market’s adaptability and the enduring significance of solar energy in the transition toward sustainable energy solutions.

Global Solar Encapsulation Market Dynamics

The major factors that have impacted the growth of Solar Encapsulation are as follows:

Drivers:

⮚      Government Incentives and Policies

Government incentives and supportive policies, such as tax credits, subsidies, and renewable energy targets, act as a significant drivers for the Solar Encapsulation market. These measures encourage solar energy adoption, thereby increasing the demand for solar panels and encapsulation materials. Governments worldwide are increasingly committed to reducing carbon emissions, and solar energy is a key component of these sustainability initiatives, spurring market growth.

Restraint:

  • Initial Costs

One of the significant restraints for the Solar Encapsulation market is the cost associated with advanced encapsulation materials and technologies. High upfront expenses can deter potential adopters, particularly in regions with limited financial resources or where the cost of solar energy is not yet competitive with conventional energy sources Material.

Opportunity:

⮚      Technological Advancements

Advancements in encapsulation materials and manufacturing processes offer a substantial opportunity for market growth. Innovative materials that improve efficiency, durability, and cost-effectiveness can attract more customers and drive the adoption of solar energy, opening up new markets and applications.

Solar Encapsulation Market Segment Overview

By Material

Solar Encapsulation Market Material AnalysisBased on the Material, the market is segmented based on Ethylene Vinyl Acetate, Non-ethylene Vinyl Acetate, UV Curable Resin, and Others. The Ethylene Vinyl Acetate segment was projected to hold the largest market share in the Solar Encapsulation market due to its proven reliability, excellent adhesion properties, and compatibility with various solar panel technologies, enhancing overall module performance and longevity.

By Technology

Based on the Technology, the market has been divided into Polycrystalline Silicon Solar, Cadmium Telluride, Copper Indium Gallium Selenide, and Amorphous Silicon. The Polycrystalline Silicon Solar segment is expected to hold the largest market share in the Solar Encapsulation market due to its cost-effectiveness and widespread use in solar panel manufacturing, catering to a broad consumer base seeking affordable solar energy solutions.

By Application

Based on Application, the market has been divided into Construction, Electronics, Automotive, and Others. The Construction segment is expected to hold the largest market share in the Solar Encapsulation market due to the rising integration of solar panels into building designs and the increasing demand for sustainable and energy-efficient construction practices.

Global Solar Encapsulation Market Regional Analysis

Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of Solar Encapsulations, followed by those in Asia-Pacific and Europe.

Global Solar Encapsulation Market Regional AnalysisNorth America Market

North America firmly asserts dominance in the Solar Encapsulation market due to several compelling factors. The region’s commitment to renewable energy, driven by environmental concerns and governmental incentives, has spurred significant growth in the solar industry. The United States, in particular, has witnessed a remarkable increase in solar installations, both residential and commercial, further fueling demand for high-quality encapsulation materials. Additionally, advancements in technology and research within the North American solar sector have positioned the region at the forefront of innovation, making it a global leader in solar panel manufacturing and encapsulation. The continent’s mature market, favorable policies, and substantial investments in solar energy infrastructure underscore North America’s prominence in the Solar Encapsulation market.

Asia Pacific Market

The Asia-Pacific region has been experiencing remarkable growth in the Solar Encapsulation market, driven by a convergence of factors. Rapid industrialization, urbanization, and a burgeoning population have escalated energy demand, leading governments and businesses to prioritize solar power generation. The region’s solar market growth is further stimulated by favorable policies and incentives that encourage solar adoption. Additionally, the presence of several leading solar panel manufacturers in Asia-Pacific, particularly in countries like China, has resulted in a significant demand for encapsulation materials. As solar energy becomes increasingly vital for the region’s sustainable development and energy security, the Asia-Pacific Solar Encapsulation market continues to flourish, solidifying its status as a major global growth hub.

Competitive Landscape

The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as Accessen Group, Alfa Laval, API Heat Transfer, Chart Industries, and Danfoss A/S are some of the leading players in the global  Solar Encapsulation Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.

Key Market Players:

  • 3M Company
  • AKCOME
  • STR Holding Inc
  • Bridgestone Corporation
  • DNP solar
  • Dow Inc
  • Dupont De Nemours Inc
  • First Solar
  • Hangzhou First PV Material Co. Ltd
  • JGP Energy

Key development:

In September 2022, GS Energy and Hanwha Solutions’ Chemical Division unveiled a collaborative endeavor under the name H&G Chemical, aimed at the production of ethylene-vinyl acetate (EVA). H&G Chemical aspires to rapidly establish itself as a prominent EVA manufacturer by synergizing Hanwha Solutions’ well-established production expertise with the cost-efficient raw materials sourced from GS Caltex, a subsidiary of GS Energy.

Scope of the Report

Global Solar Encapsulation Market, by Material
  • Ethylene Vinyl Acetate
  • Non-ethylene Vinyl Acetate
  • UV Curable Resin
  • Others
Global Solar Encapsulation Market, by Technology
  • Polycrystalline Silicon Solar
  • Cadmium Telluride
  • Copper Indium Gallium Selenide
  • Amorphous Silicon
Global Solar Encapsulation Market, by Application
  • Construction
  • Electronics
  • Automotive
  • Others
Global Solar Encapsulation Market, by Region
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Benelux
    • Nordic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Indonesia
    • Austalia
    • Malaysia
    • India
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of Middle East & Africa

 

Parameters Indicators
Market Size 2033: $9.44 Billion
CAGR 9.01% CAGR (2023-2033)
Base year 2022
Forecast Period 2023-2033
Historical Data 2021
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations Material, Technology, Application
Geographies Covered North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors 3M Company, AKCOME, STR Holding Inc., Bridgestone Corporation, DNP Solar, Dow Inc., Dupont De Nemours Inc., First Solar, Hangzhou First PV Material Co. Ltd., and JGP Energy
Key Market Opportunities • Technological Advancements
Key Market Drivers • Growing Solar Energy Adoption

REPORT CONTENT BRIEF:

  • High-level analysis of the current and future Solar Encapsulation Industry trends and opportunities
  • Detailed analysis of current market drivers, restraining factors, and opportunities analysis in the future
  • Historical market size for the year 2021, and forecast from 2023 to 2033
  • Solar Encapsulation market share analysis for each segment
  • Competitor analysis with a comprehensive insight into its product segment, financial strength, and strategies adopted.
  • Identifies key strategies adopted by the key players including new product development, mergers and acquisitions, joint ventures, collaborations, and partnerships.
  • To identify and understand the various factors involved in the global Solar Encapsulation market affected by the pandemic
  • To provide year-on-year growth from 2022 to 2033
  • To provide short-term, long-term, and overall CAGR comparison from 2022 to 2033.
  • Provide Total Addressable Market (TAM) for the Global Solar Encapsulation Market.

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Frequently Asked Questions (FAQ)

The global Solar Encapsulation market is growing at a CAGR of ~01% over the next 10 years

Asia Pacific is expected to register the highest CAGR during 2023-2033

North America holds the largest share in 2022

3M Company, AKCOME, STR Holding Inc., Bridgestone Corporation, DNP Solar, Dow Inc., Dupont De Nemours Inc., First Solar, Hangzhou First PV Material Co. Ltd., and JGP Energy.

Yes, we offer 16 hours of analyst support to solve the queries

Yes, we do provide regional as well as country-level reports. Other than this we also provide a sectional report. Please get in contact with our sales representatives.

Table of Content

Table of Content

Chapter 1.   Executive Summary

Chapter 2.   Scope Of The Study

                     2.1.   Market Definition

                     2.2.   Scope Of The Study

                               2.2.1.   Objectives of Report

Chapter 3.   Evolve BI Methodology

Chapter 4.   Market Insights and Trends

                     4.1.   Supply/ Value Chain Analysis

                     4.2.   Porter’s Five Forces Analysis

                               4.2.1.   Threat Of New Entrants

                               4.2.2.   Bargaining Power Of Buyers

                               4.2.3.   Bargaining Power Of Suppliers

                               4.2.4.   Threat Of Substitutes

                               4.2.5.   Industry Rivalry

                     4.3.   Impact of COVID-19 on Solar Encapsulation Market

                               4.3.1.   Impact on Market Size

                               4.3.2.   End User Trend, Preferences and Budget Impact

                               4.3.3.   Regulatory Framework/Government Policies

                               4.3.4.   Key Players Strategy to Tackle Negative Impact

                               4.3.5.   Opportunity Window

Chapter 5.   Market Dynamics

                     5.1.   Introduction

                     5.2.   DRO Analysis

                               5.2.1.   Drivers

                               5.2.2.   Restraints

                               5.2.3.   Opportunities

Chapter 6.   Global Solar Encapsulation Market, By Materials

                     6.1.   Introduction

                     6.2.   Ethylene Vinyl Acetate

                     6.3.   Non-Ethylene Vinyl Acetate 

                     6.4.   UV Curable Resins

Chapter 7.   Global Solar Encapsulation Market, By Solar Module

                     7.1.   Introduction

                     7.2.   Monocrystalline Silicon Cells

                     7.3.   Polycrystalline Silicon Cells

                     7.4.   Cadmium Telluride

                     7.5.   Amorphous Silicon Cells

                     7.6.   Others

Chapter 8.   Global Solar Encapsulation Market, By Application

                     8.1.   Introduction

                     8.2.   Construction

                     8.3.   Automobiles

                     8.4.   Electronics

                     8.5.   Others

Chapter 9.   Global Solar Encapsulation Market, By Region

                     9.1.   Introduction

                     9.2.   North America

                               9.2.1.   Introduction

                               9.2.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.2.3.   Market Size and Forecast, By Country, 2020 - 2028

                               9.2.4.   Market Size and Forecast, By Materials, 2020 - 2028

                               9.2.5.   Market Size and Forecast, By Solar Module, 2020 – 2028

                               9.2.6.   Market Size and Forecast, By Application, 2020 – 2028

                               9.2.7.   US

                                              9.2.7.1.   Introduction

                                              9.2.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.2.7.3.   Market Size and Forecast, By Materials, 2020 - 2028

                                              9.2.7.4.   Market Size and Forecast, By Solar Module, 2020 – 2028

                                              9.2.7.5.   Market Size and Forecast, By Application, 2020 - 2028

                               9.2.8.   Canada

                                              9.2.8.1.   Introduction

                                              9.2.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.2.8.4.   Market Size and Forecast, By Materials, 2020 - 2028

                                              9.2.8.5.   Market Size and Forecast, By Solar Module, 2020 – 2028

                                              9.2.8.6.   Market Size and Forecast, By Application, 2020 - 2028

                     9.3.   Europe

                               9.3.1.   Introduction

                               9.3.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.3.3.   Market Size and Forecast, By Country, 2020 - 2028

                               9.3.4.   Market Size and Forecast, By Materials, 2020 - 2028

                               9.3.5.   Market Size and Forecast, By Solar Module, 2020 – 2028

                               9.3.6.   Market Size and Forecast, By Application, 2020 – 2028

                               9.3.7.   Germany

                                              9.3.7.1.   Introduction

                                              9.3.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.7.3.   Market Size and Forecast, By Materials, 2020 - 2028

                                              9.3.7.4.   Market Size and Forecast, By Solar Module, 2020 – 2028

                                              9.3.7.5.   Market Size and Forecast, By Application, 2020 - 2028

                               9.3.8.   France

                                              9.3.8.1.   Introduction

                                              9.3.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.8.3.   Market Size and Forecast, By Materials, 2020 - 2028

                                              9.3.8.4.   Market Size and Forecast, By Solar Module, 2020 – 2028

                                              9.3.8.5.   Market Size and Forecast, By Application, 2020 - 2028

                               9.3.9.   UK

                                              9.3.9.1.   Introduction

                                              9.3.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.9.3.   Market Size and Forecast, By Materials, 2020 - 2028

                                              9.3.9.4.   Market Size and Forecast, By Solar Module, 2020 – 2028

                                              9.3.9.5.   Market Size and Forecast, By Application, 2020 - 2028

                               9.3.10.   Italy

                                              9.3.10.1.   Introduction

                                              9.3.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.10.3.   Market Size and Forecast, By Materials, 2020 - 2028

                                              9.3.10.4.   Market Size and Forecast, By Solar Module, 2020 – 2028

                                              9.3.10.5.   Market Size and Forecast, By Application, 2020 - 2028

                               9.3.11.   Rest Of Europe

                                              9.3.11.1.   Introduction

                                              9.3.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.11.3.   Market Size and Forecast, By Materials, 2020 - 2028

                                              9.3.11.4.   Market Size and Forecast, By Solar Module, 2020 – 2028

                                              9.3.11.5.   Market Size and Forecast, By Application, 2020 - 2028

                     9.4.   Asia-Pacific

                               9.4.1.   Introduction

                               9.4.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.4.3.   Market Size and Forecast, By Country, 2020 - 2028

                               9.4.4.   Market Size and Forecast, By Materials, 2020 - 2028

                               9.4.5.   Market Size and Forecast, By Solar Module, 2020 – 2028

                               9.4.7.   Market Size and Forecast, By Application, 2020 - 2028

                               9.4.8.   China

                                              9.4.8.1.   Introduction

                                              9.4.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.8.3.   Market Size and Forecast, By Materials, 2020 - 2028

                                              9.4.8.4.   Market Size and Forecast, By Solar Module, 2020 – 2028

                                              9.4.8.5.   Market Size and Forecast, By Application, 2020 - 2028

                               9.4.9.   India

                                              9.4.9.1.   Introduction

                                              9.4.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.9.3.   Market Size and Forecast, By Materials, 2020 - 2028

                                              9.4.9.4.   Market Size and Forecast, By Solar Module, 2020 – 2028

                                              9.4.9.5.   Market Size and Forecast, By Application, 2020 - 2028

                               9.4.10.   Japan

                                              9.4.10.1.   Introduction

                                              9.4.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.10.3.   Market Size and Forecast, By Materials, 2020 - 2028

                                              9.4.10.4.   Market Size and Forecast, By Solar Module, 2020 – 2028

                                              9.4.10.5.   Market Size and Forecast, By Application, 2020 - 2028

                               9.4.11.   South Korea

                                              9.4.11.1.   Introduction

                                              9.4.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.11.3.   Market Size and Forecast, By Materials, 2020 - 2028

                                              9.4.11.4.   Market Size and Forecast, By Solar Module, 2020 – 2028

                                              9.4.11.5.   Market Size and Forecast, By Application, 2020 - 2028

                               9.4.12.   Rest Of Asia-Pacific

                                              9.4.11.1.   Introduction

                                              9.4.12.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.12.3.   Market Size and Forecast, By Materials, 2020 - 2028

                                              9.4.12.4.   Market Size and Forecast, By Solar Module, 2020 – 2028

                                              9.4.12.5.   Market Size and Forecast, By Application, 2020 - 2028

                     9.5.   Rest Of The World (RoW)

                               9.5.1.   Introduction

                               9.5.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.5.3.   Market Size and Forecast, By Materials, 2020 - 2028

                               9.5.4.   Market Size and Forecast, By Solar Module, 2020 – 2028

                               9.5.5.   Market Size and Forecast, By Application, 2020 - 2028

                               9.5.6.   Market Size and Forecast, By Region, 2020 - 2028

                               9.5.7.   South America

                                              9.5.7.1.   Introduction

                                              9.5.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.5.7.3.   Market Size and Forecast, By Materials, 2020 - 2028

                                              9.5.7.4.   Market Size and Forecast, By Solar Module, 2020 – 2028

                                              9.5.7.5.   Market Size and Forecast, By Application, 2020 - 2028

                               9.5.8.   Middle East & Africa

                                              9.5.8.1.   Introduction

                                              9.5.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.5.8.3.   Market Size and Forecast, By Materials, 2020 - 2028

                                              9.5.8.4.   Market Size and Forecast, By Solar Module, 2020 – 2028

                                              9.5.8.5.   Market Size and Forecast, By Application, 2020 - 2028

Chapter 10.   Competitive Landscape

                     10.1.   Introduction

                     10.2.   Vendor Share Analysis, 2020/Key Players Positioning 2020

Chapter 11.   Company Profiles

                     11.1.   Honeywell

                               11.1.1.   Business Overview

                               11.1.2.   Financial Analysis

                               11.1.3.   Product Portfolio

                               11.1.4.   Recent Development and Strategies Adopted

                               11.1.5.   SWOT Analysis

                     11.2.   Arkema

                               11.2.1.   Business Overview

                               11.2.2.   Financial Analysis

                               11.2.3.   Product Portfolio

                               11.2.4.   Recent Development and Strategies Adopted

                               11.2.5.   SWOT Analysis

                     11.3.   CPP solar

                               11.3.1.   Business Overview

                               11.3.2.   Financial Analysis

                               11.3.3.   Product Portfolio

                               11.3.4.   Recent Development and Strategies Adopted

                               11.3.5.   SWOT Analysis

                     11.4.   EVASA

                               11.4.1.   Business Overview

                               11.4.2.   Financial Analysis

                               11.4.3.   Product Portfolio

                               11.4.4.   Recent Development and Strategies Adopted

                               11.4.5.   SWOT Analysis

                     11.5.   LG chem

                               11.5.1.   Business Overview

                               11.5.2.   Financial Analysis

                               11.5.3.   Product Portfolio

                               11.5.4.   Recent Development and Strategies Adopted

                               11.5.5.   SWOT Analysis

                     11.6.   Saint gobain solar

                               11.6.1.   Business Overview

                               11.6.2.   Financial Analysis

                               11.6.3.   Product Portfolio

                               11.6.4.   Recent Development and Strategies Adopted

                               11.6.5.   SWOT Analysis

                     11.7.   RenewSys

                               11.7.1.   Business Overview

                               11.7.2.   Financial Analysis

                               11.7.3.   Product Portfolio

                               11.7.4.   Recent Development and Strategies Adopted

                               11.7.5.   SWOT Analysis

                     11.8.   Sanvic

                               11.8.1.   Business Overview

                               11.8.2.   Financial Analysis

                               11.8.3.   Product Portfolio

                               11.8.4.   Recent Development and Strategies Adopted

                               11.8.5.   SWOT Analysis

                     11.9.   ACC silicones

                               11.9.1.   Business Overview

                               11.9.2.   Financial Analysis

                               11.9.3.   Product Portfolio

                               11.9.4.   Recent Development and Strategies Adopted

                               11.9.5.   SWOT Analysis

                     11.10.   Baixing group

                               11.10.1.   Business Overview

                               11.10.2.   Financial Analysis

                               11.10.3.   Product Portfolio

                               11.9.4.   Recent Development and Strategies Adopted

                               11.9.5.   SWOT Analysis

 

Chapter 12.   Key Takeaways

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Page: 168
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Energy and Power
$ 3,470.00
$ 5,520.00
$ 1,390.00
Clear

Well Intervention Market Analysis and Global Forecast 2023-2033

$ 1,390.00 – $ 5,520.00

Well Intervention Market Research Report: By well Type (Vertical Well, Horizontal Well), By Intervention Type (Light Intervention, Medium Intervention, Heavy Intervention), By Application (Onshore , Offshore), By services (Coiled Tubing , Slickline , Wireline Case Intervention, Thru Tube Intervention, Fishing Services, Sidetracking, Subsea Landing String Services), and by Region — Forecast till 2033.

Page: 169
Select options This product has multiple variants. The options may be chosen on the product page
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