May 29, 2019   SOURCE: BusinessWire

Global Solar Encapsulation Market 2019-2023 - Growing Adoption of Polyolefin Encapsulants - ResearchAndMarkets.com

The "Global Solar Encapsulation Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The solar encapsulation market will register a CAGR of about 10% by 2023.

The growing adoption of renewable energy is one of the prominent growth drivers expected to impact the solar encapsulation market during the forecast period. Renewable energy plays a vital role in the global aim toward attaining a sustainable and less carbon-intensive environment, which, in turn, requires a significant change in the global energy mix.

The adoption of renewables has increased mainly due to these changes. Globally, the renewable energy sector is growing significantly due to the competitive price of power generation, subsidies provided by various governments, and favorable regulations.

Market Overview

Supportive government policies and regulations

The inclusion of renewables to bring about a change in the energy mix worldwide is a crucial step toward ensuring emission-free energy generation. Governments around the world are supporting the adoption of renewable technologies, inducing solar energy by providing subsidies, incentives, and tax benefits to both producers and consumers.

Governments are also introducing separate policies for different types of solar PV installations, such as installations on buildings, roof-mounted installations, and the installation of free-standing facilities. Thus, supportive government policies have contributed in a significant way to the growth of solar encapsulation globally.

Challenges associated with recycling solar PV module scrap

Solar PV systems generate waste, including solar PV modules that have either reached their end-of-life or are damaged or broken and cannot be used further. However, there are no standards or policies for the safe disposal of solar PV waste. The disposal of the solar waste in landfills is considered unsafe especially if the solar PV module is broken as the toxic materials can contaminate the soil and water, and thus, their disposal remains a significant issue. The challenges surrounding the proper disposal of solar PV system wastes will affect the adoption of solar PV modules which will lead to a shift in consumer preference toward other alternative sources of energy generation, thus hampering the growth of the global solar encapsulation market.

Competitive Landscape

The market appears to be highly fragmented. The presence of several companies, including 3M Co. and Arkema Group, the competitive environment is quite intense. Factors such as the growing adoption of renewable energy coupled with supportive government policies and regulations will provide significant growth opportunities to solar encapsulation manufactures.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

Preface

Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

Market ecosystem

Market characteristics

Market segmentation analysis

PART 04: MARKET SIZING

Market definition

Market sizing 2018

Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers

Bargaining power of suppliers

Threat of new entrants

Threat of substitutes

Threat of rivalry

Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

Market segmentation by application

Comparison by application

Crystalline silicon PV module - Market size and forecast 2018-2023

Thin film PV module - Market size and forecast 2018-2023

Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic segmentation

Geographic comparison

APAC - Market size and forecast 2018-2023

EMEA - Market size and forecast 2018-2023

Americas - Market size and forecast 2018-2023

Key leading countries

Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

Market drivers

Market challenges

PART 11: MARKET TRENDS

Growing adoption of polyolefin encapsulants

Developments pertaining to solar PV modules

Increased adoption of microgrids

PART 12: VENDOR LANDSCAPE

Overview

Landscape disruption

Competitive scenario

PART 13: VENDOR ANALYSIS

Vendors covered

Vendor classification

Market positioning of vendors

  • 3M Co.
  • Arkema Group
  • E. I. du Pont de Nemours and Co.
  • Hangzhou First Applied Material Co. Ltd.
  • STR Holdings Inc.

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