Solar PV Backsheet Market annual installation to hit 7 billion square foot by 2024
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
Sellbyville, United States – June 28, 2019 /MarketersMedia/ —
Solar PV Backsheet Market is anticipated to cross USD 2.3 billion by 2024 with a CAGR of above 4% during the forecast period. Increasing installation of roof top systems across residential and commercial establishments will propel the industry growth. Introduction of several initiatives including subsidies, FIT, net metering, funding and leveraging schemes will promote the deployment of roof top unit. Moreover, microgrid expansion to fulfill the growing off grid electricity demand will further positively impact the business landscape. In 2016, under solar rooftop investment program, Asian Development Bank announced to invest more than USD 500 million to promote the PV systems deployment in India.
Advancement in technology to improve production efficiency and reduce the PV component price has increased the demand for deployments of solar units across residential & commercial buildings which will propel the solar PV backsheet market share. Growing demand for renewable technologies has compelled the manufacturers to improve product efficiency by increasing investment towards technological research and development sector.
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U.S. solar PV backsheet market share is predicted to witness growth owing to establishing renewable energy mix. The industry has been economically competitive and rapidly maturing across the country when compared with other available counterparts. In 2016, according to the U.S. department of energy, photovoltaic jobs increased by 123% from 2010, registering for more than 209,000 workforces.
UK solar PV backsheet market is predicted to exceed USD 90 million by 2014. Favorable measures towards integration of renewable generation technologies will propel the industry growth. Tariff reforms, tax rebates and feed in tariff are some of the incentives which will positively impact the adoption of renewable technologies. Introduction of several national plans to reduce carbon emissions will further complement the business landscape.
Latin America solar PV backsheet market share is predicted to witness growth over 14% by 2024 owing to introduction of several incentives including feed in tariff, incentives and tax credits. Moreover, market-based incentives, investment funds, simplified compensation schemes and soft costs will further positively impact the industry landscape.
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Fluoropolymers solar PV backsheet market is predicted to witness significant growth owing to its unit longevity and early adoption. Better insulation and higher efficiency are some of the key underlined parameters which will make its adoption preferable among developers over other alternates.
Favorable measures to promote the development & deployment of solar technology will stimulate the Middle East & Africa market. Introduction of several regulatory framework and national targets to encourage the deployment of PV units will further complement the regional solar PV backsheet market.
Low product cost and increasing PV installation across small scale applications will propel the solar PV backsheet market share from https://www.gminsights.com/industry-analysis/solar-pv-backsheet-market
Table of Contents (ToC) of the report:
Chapter 3 Solar PV Backsheet Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024 (USD Million)
3.3 Industry ecosystem analysis
3.3.1 Vendor Matrix
3.4 Innovation and sustainability
3.5 Regulatory landscape
3.5.1 Standards
3.5.2 Regulations and Initiatives
3.5.2.1 U.S.
3.5.2.2 Europe
3.5.2.2.1 WEEE Directive (2012/19/EU): –
3.5.2.3 UK
3.5.2.4 France
3.5.2.5 Germany
3.5.2.6 China
3.5.2.7 India
3.5.2.8 Australia
3.5.2.9 South Africa
3.5.2.10 Chile
3.6 Price trend analysis (PV Module)
3.6.1 North America
3.6.2 Europe
3.6.3 Asia Pacific & China
3.6.4 Middle East
3.6.5 Africa
3.6.6 Latin America
3.7 Technology Landscape
3.7.1 Crystalline
3.7.2 Thin film and Ultra-thin film
3.8 Solar PV installed capacity by country
3.9 Industry impact forces
3.9.1 Growth drivers
3.9.1.1 Growing adoption of sustainable energy technologies
3.9.1.2 Rapid deployment of solar roof-tops
3.9.1.3 Declining Solar Component Costs
3.9.2 Industry pitfalls and challenges
3.9.2.1 In-effective price performance index
3.10 Growth potential analysis
3.11 Porter’s Analysis
3.12 Competitive landscape, 2016
3.12.1 Strategy Dashboard
3.12.1.1 Dupont
3.12.1.2 ARKEMA
3.12.1.3 Isovoltaic
3.12.1.4 Dunmore
3.13 PESTEL Analysis
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/solar-pv-backsheet-market
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