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Solar Backsheet Market by Type, Application, Installation And Region - Global Forecast to 2023

Solar Backsheet Market: Global Forecast until 2023

  • April 2018
  • 124 pages
  • ID: 5373320
In this report:
The company's products have been in great demand worldwide, considering that it shipped around ##,## million square meters (approximately ## GW) and increased its market share to around ##% in 2016.
Europe added ##.## GW of solar power in 2016 with the demand decreasing by more than ##% from the previous year.


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The solar backsheet market is estimated to rise at a compound annual growth rate of ~7.0 percent, from 2018 to 2023.

The solar backsheet market is projected to be ~$1.7B in 2018 and is projected to extend ~$2.4B by 2023, at a compound annual growth rate (CAGR) of ~7.0 percent, from 2018 to 2023. Growing solar PV installation and policy support from governments to enable the adoption of renewable technologies are driving the solar backsheet market. High installation and storage costs of solar PV act as business restraints for the sector.

The floating power plant sub-segment of the solar backsheet market, by installation, is anticipated to rise at the highest CAGR (Compound annual growth rate) from 2018 to 2023.

The floating power plant market is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period.The increase of the market can be accredited to the ability of these plants to generate more power due to the cooling nature of water.

Floating power plants also solve land constraint issues which are main hurdles in ground-mounted solar installations.

Asia Pacific (APAC): The most important solar backsheet market.

Asia-Pac (APAC) is forecasted to dominate the overall solar backsheet market during the forecast period due to the significant growth in solar PV installation in China (CN) and India (IN).China (CN) is the biggest market in APAC and is heavily investing in solar PV to minimize carbon emissions and fulfil its power needs.

The other main sectors in Asia-Pac are India (IN), South Korea (KR), and Australia (AU). Asia Pacific (APAC) recorded for more than 50.0 percent of the solar backsheet market in 2017.

Breakdown of Primaries

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

• By Company category: Tier 1 24.0 percent, Tier 2 35.0 percent, Tier 3 41.0 percent

• By Description: C-Level- 30.0 percent, Manager Level- 35.0 percent, Others- 35.0 percent

• By Area: North America (NA)- 30.0 percent, Asia Pacific- 40.0 percent, EU- 20.0 percent, Rest of the World- 10.0 percent

Note: The tiers of the firms have been defined on the basis of their final revenue; as of 2016: Tier 1= >USD 1 billion, Tier 2 = $500.0M to $1.0B, and Tier 3=

The key players in the solar backsheet market contain Cybrid, Jolywood, Coveme, Krempel, and Hangzhou First.

Segment Research

The industry report offers a picture of the solar backsheet market across different applications and different areas.It aims at evaluating the market value and future increase potential of the market across distinct segments including type, application, installation, and area.

Moreover, the study includes a detailed competitive analysis of the top players in the industry together with their company descriptions, latest developments, and key industries strategies.

For the purpose of this report, the market has been split on the basis of type, application, installation, and area, with a focus on industry study, market share review of the top actors, and company descriptions, which together comprise the basic overviews on the competitive landscape, coming out and high-growth segments of the solar backsheet market, high-growth areas, and sector drivers, industry restraints, and alternatives.

This study furnishes highlights on the following points:

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and recent product launches in the solar backsheet market

• Market Development: Highlighted information about the profitable emerging sectors; the market research examines the industries for solar backsheet across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall solar backsheet market

Why acquire this industry report?

• The report determines and addresses top solution operators for solar backsheet, which would help solution providers review the rise in the industry demand for services

• The report benefits solution providers distinguish the pulse of the sector and offers business insights into drivers, market restraints, and opportunities

• The report will facilitate top players comprehend the strategies of their competitors better and will facilitate in making tactical conclusions

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