Market Highlights
Solar Encapsulation Market is projected to be worth USD 11.37 billion by 2028, registering a CAGR of 14.5% during the forecast period (2021 - 2028)., The market was valued at USD 1.55 billion in 2021.
Global Solar Encapsulation Market, 2020–2026
In 2019, Europe Dominated the Solar Encapsulation Market in Terms of Share: MRFR
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The global solar encapsulation market has been segmented into five regions: Asia-Pacific, the Middle East Africa, Europe, North America, and South America. Europe is likely to hold the largest share of the market during the forecast period. The high market share of the region is attributed to the significant measures to boost market uptake and make solar technologies more accessible to consumers, particularly through clean energy. Additionally, rising investments and government initiatives to support the renewable industry in European countries are expected to boost the demand for solar encapsulation in the regional market during the study period.
The global solar encapsulation market has been classified based on technology, material, and end use. Based on technology, the solar encapsulation market is divided into thin-film solar technology and polycrystalline silicon. The polycrystalline silicon segment is expected to hold the larger share in the global market during the forecast period as these solar cells are most used and deliver efficiencies in the range of 15–25%.
Global Solar Encapsulation Market is projected to grow at 10.28% CAGR during the forecast period.
Drivers
Scope of the Report
This report provides an in-depth analysis of the solar encapsulant market share, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, South America, and the Middle East Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the solar encapsulation market in terms of technology, material, end-use, and region.
- Technology
- Thin-Film Solar Technology
- Cadmium Telluride (CDTE)
- Copper Indium Gallium Selenide (CIGS)
- Amorphous Silicon (A-SI)
- Polycrystalline Silicon
- Material
- Ethylene Vinyl Acetate
- Polydimethylsiloxane
- Ionomers
- Polyvinyl Butyral
- Others (Thermoplastic Polyurethane (TPU) and Polyolefin)
- End-Use
- Automotive
- Electronics
- Construction
- Others
- By Region
- North America
- Asia-Pacific
- Europe
- Middle East Africa
- South America
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Key Players
The Key Players operating in the Global Solar Encapsulation Market are First Solar Gmbh, Mitsubishi Plastics Inc, Evasa, Cambiosolar, Dow Corning Corporation, Kuraray Europe Gmbh, Renewsys, Solutia Inc, E.I. Dupont De Nemours Co., Specialized Technology Resources Inc, Sanvic Inc, and Hangzhou First Pv Material Co. Ltd.
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