Global Solar PV Backsheet Market to surpass 7 bn square foot by 2024

Solar PV Backsheet Market to reach $2.3bn by 2024:
Global Market Insights, Inc.
Global solar PV backsheet market is set to witness a comprehensive upsurge
subject to the ongoing proliferation across the photovoltaic industry coupled with
favorable regulatory anatomy. The industry in line with the national renewable
integration targets along with growing consent towards environmental security has
witnessed large scale unit deployments across the globe. Furthermore, rising
investments from funding consortiums favored by streamlined fund flow, organized
by the regulators across emerging countries will positively influence the industry
outlook.
Fluoropolymers in 2016, subject to their early adoption and longevity accounted for a
majority share in the global solar PV backsheet market. The products on account of
its higher efficiency and better insulation properties when compared to its
competitive counterparts has been a preferred choice for the developers across the
globe.
Significant decline in the photovoltaic component prices on account of increasing
production efficiencies has eventually escalated solar unit deployments which in turn
have also edified the solar PV backsheet market size. Furthermore, exemption of
duties along with tax rebated facility expansion provisioned by the regulatory bodies
across developing economies further complement the industry outlook.
Middle East & Africa solar PV backsheet market is anticipated to witness substantial
growth due to favorable government measures to raise the adoption of photovoltaic
technology. Most of the countries have set national targets, and develop effective
regulatory framework for the adoption of photovoltaic units which will further
influence the business size.
Ongoing inclination towards product enhancement has led to the evolution of
advance photovoltaic technologies which in turn will augment the solar PV backsheet
market size. Rapid adoption of renewable technology has compelled industry players
to incline their focus towards product efficiency by channelizing their investments
toward technological R&D. Further, high end fund flow from World Bank, ADB and
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domestic financial institutions toward solar adoption and associated R&D activities
have also instituted favorable business scenario.
UK solar PV backsheet market subject to favorable regulatory framework toward the
integration of sustainable generation technologies is set to expand over USD 90
million by 2024. The nation in line with the provision of FiT, tax rebates and tariff
reforms have gained utmost proliferation across the industry landscape.
Furthermore, national plans to curb carbon emissions adhered by competitive
photovoltaic tariff structure have comprehensively drifted regulatory inclination
towards photovoltaic adoption.
Europe Solar PV Backsheet Market, By Product, 2016 & 2024 (Million Square Foot)
Browse key industry insights spread across 453 pages with 702 market data tables &
34 figures & charts from the report, “Solar PV Backsheet Market Size By Product
(TPT-Primed, TPE, PET, PVDF, PEN), By Thickness ( 500 Micrometer), By Material (Fluoride, Non Fluoride), By
Technology (Crystalline, Thin Film, Ultra-Thin Film), Industry Analysis Report,
Regional Analysis (U.S., Canada, Mexico, Germany, UK, Russia, Spain, Italy,
France, Netherlands, Sweden, Austria, China, Japan, South Korea, India,
Australia, Brazil, Chile, Israel, Saudi Arabia, UAE, Jordan, South Africa, Egypt,
Algeria, Nigeria), Application Development Potential, Price Trend, Competitive
Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/solar-pv-backsheet-market
The U.S. solar PV backsheet market has gained a comprehensive amplification in
the recent years subject growing consent in line with establishing a sustainable
energy mix. The industry has been rapidly maturing and solar energy has been
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economically competitive across the region when compared to other auxiliary energy
sources. As per the DOE in 2016, photovoltaic jobs across the U.S. escalated by
123% when compared to that in November 2010, accounting for over 209,000
workers.
The Latin America solar PV backsheet market subject to levied solar tax credits,
feed-in premiums, and upfront incentives is set to grow over 14% by 2024.
Furthermore, simplified compensation schemes, market-based flexible incentives,
soft costs, and associated investment funds will further add to the industry growth.
Eminent players across the solar PV backsheet market include Isovoltaic, DuPont,
Coveme, 3M, Arkema, Toyo Aluminium, Hangzhou, Madico, Taiflex, Targray,
Krempel, Toray, Dunmore, ZTT International, and Astenik.
Manufacture of cost competitive backsheet units along with rigorous R&D
investments to facilitate the development of advance products have been the
cardinal strategic implication by the leading solar PV backsheet market participants.
Industry Coverage
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