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The Solar Encapsulation Market size was estimated at USD 5.05 billion in 2023, USD 5.41 billion in 2024, and is expected to grow at a CAGR of 7.67% to reach USD 8.48 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Solar encapsulation refers to the process of enclosing or sealing photovoltaic (PV) solar cells within a protective laminate to ensure robust protection against environmental factors such as moisture, UV radiation, and mechanical stress. Encapsulation materials are made from ethylene-vinyl acetate (EVA), polyolefin elastomer (POE), or thermoplastic polyurethane (TPU), chosen for their adhesive properties, clarity, and resistance to potential chemical and physical degradation over extended periods. The encapsulant ensures the preservation of electrical performance by providing insulation and maintaining solid electrical connections between cells. Solar encapsulation prevents corrosion of the cells by creating a barrier against oxygen and water ingress. Additionally, the flexibility of the encapsulant promotes the dissipation of thermal stresses, which further contributes to the overall service life of the solar panels. The increase in solar energy installations and government policies for promoting renewable energy use are expanding the scope of the solar encapsulation market worldwide. However, high costs associated with developing and producing advanced encapsulation materials and issues related to the recycling and disposal of solar panels can affect the penetration of solar encapsulation. Nevertheless, developing new encapsulation materials and innovations in solar modules compatible with flexible and lightweight encapsulants are expected to drive the demand for the solar encapsulation market in the coming years.
Regional Insights
The Americas represent a significant market for solar encapsulation materials, owing to robust government initiatives and renewable energy mandates. Customer purchasing behavior shows a growing preference for sustainable energy solutions, promoting solar installations in residential, commercial, and utility sectors. In the Asia Pacific region, the massive manufacturing base and government support for photovoltaic technology have bolstered solar investments across the region. Moreover, favorable government policies and the development of new encapsulant materials to maximize the efficiency of solar panels are expanding the scope of the solar encapsulation market. The EMEA region showcases strong government commitment towards renewable energy with stringent environmental regulations and targets to drive the penetration of solar encapsulation. The Middle East has shown impressive strides in solar energy with large-scale solar projects, presenting new opportunities for encapsulation material providers. The ongoing advancements in encapsulation materials and supportive government investments for solar projects in the EMEA region are anticipated to augment the solar encapsulation market in the coming years.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Solar Encapsulation Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Solar Encapsulation Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Solar Encapsulation Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Alishan Green Energy Pvt. Ltd., Astenik Solar Inc., Borealis AG, BREYER Maschinenfabrik GmbH, China JWELL Intelligent Machinery Co.,Ltd., dnpSolar, Dunmore Corporation, ENERLITE SOLAR FILMS INDIA PVT LTD, Enrich Encap Pvt Ltd., Hangzhou First Applied Materials Co., Ltd., Heliatek GmbH, JA Solar Technology Co., Ltd., Lucent CleanEnergy, Mitsubishi Chemical Corporation, Mitsui Chemicals Group, Navitas Alpha Renewables Private Limited, RenewSys India Pvt. Ltd., Saint-Gobain S.A., Shenzhen Gaoren Electronic New Material Co. Ltd., Targray Technology International Inc., The Dow Chemical Company, USEON Technology Limited, and Vishakha Renewables Pvt. Ltd.Market Segmentation & Coverage
This research report categorizes the Solar Encapsulation Market to forecast the revenues and analyze trends in each of the following sub-markets:- Material Type
- Ethylene Vinyl Acetate (EVA)
- lonomer
- Polydimethylsiloxane (PDMS)
- Polyolefin
- Polyvinyl Butyral (PVB)
- Thermoplastic Polyurethane (TPU)
- Technology
- Crystalline Silicon Solar
- Thin-Film Solar
- Installation Type
- Building-Integrated Photovoltaic
- Floating Photovoltaic
- Ground-Mounted
- End-Use
- Commercial
- Residential
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Solar Encapsulation Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Solar Encapsulation Market?
- What are the technology trends and regulatory frameworks in the Solar Encapsulation Market?
- What is the market share of the leading vendors in the Solar Encapsulation Market?
- Which modes and strategic moves are suitable for entering the Solar Encapsulation Market?
With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.
This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Solar Encapsulation Market, by Material Type
7. Solar Encapsulation Market, by Technology
8. Solar Encapsulation Market, by Installation Type
9. Solar Encapsulation Market, by End-Use
10. Americas Solar Encapsulation Market
11. Asia-Pacific Solar Encapsulation Market
12. Europe, Middle East & Africa Solar Encapsulation Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
List of Figures
List of Tables
Companies Mentioned
- 3M Company
- Alishan Green Energy Pvt. Ltd.
- Astenik Solar Inc.
- Borealis AG
- BREYER Maschinenfabrik GmbH
- China JWELL Intelligent Machinery Co.,Ltd.
- dnpSolar
- Dunmore Corporation
- ENERLITE SOLAR FILMS INDIA PVT LTD
- Enrich Encap Pvt Ltd.
- Hangzhou First Applied Materials Co., Ltd.
- Heliatek GmbH
- JA Solar Technology Co., Ltd.
- Lucent CleanEnergy
- Mitsubishi Chemical Corporation
- Mitsui Chemicals Group
- Navitas Alpha Renewables Private Limited
- RenewSys India Pvt. Ltd.
- Saint-Gobain S.A.
- Shenzhen Gaoren Electronic New Material Co. Ltd.
- Targray Technology International Inc.
- The Dow Chemical Company
- USEON Technology Limited
- Vishakha Renewables Pvt. Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 186 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 5.41 Billion |
| Forecasted Market Value ( USD | $ 8.48 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 24 |
