United States solar PV backsheet market is poised to secure a healthy growth rate in the coming years
Category: #Technology  By Sachin Pashte  Date: 2019-08-13
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United States solar PV backsheet market is poised to secure a healthy growth rate in the coming years

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.

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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.

The surging demand for solar-powered systems across the globe has generated lucrative opportunities for solar PV backsheet market giants. In order to consolidate their presence across the competitive landscape, well-known players partaking in solar PV backsheet industry share have been adopting various business strategies such as joint ventures and M&As. For instance, DuPont, one of the very reputed solar PV material providers, has recently signed a deal with the Saudi Arabia based solar panel manufacturer, Desert Technologies, in order to capture more revenue from MEA, driven by the growing demand for photovoltaic systems across the region. Through this agreement, Desert Technologies will reportedly implement Dupont’s backsheets in its solar panels and projects.

In addition, both the companies plan to improvise on the research and development activities in future to facilitate the production of reliable solar panels, which will significantly boost solar PV backsheet market size. Besides, it is prudent to note that the Dutch-based company, DSM has also recently acquired the Chinese manufacturer of PV backsheets, Suzhou SunShine New Materials Technology to improve its product portfolio in solar systems. With this strategic acquisition, DSM seems to be looking forward to firmly establish its position in China solar PV backsheet market over the years ahead.

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In order to reduce the wastage of renewable energy sources and encourage the masses to use non-fossil fuel based power, the Chinese government plans to enhance its power transmission capacity by reducing the nation’s dependency on coal. According to the IEA (International Energy Agency), in 2016, China installed solar-powered systems of a capacity more than 34 GW, which was nearly half of the installed capacity across the globe. China plans to substantially boost the solar system installation capacity over the years ahead, which is certain to have a positive impact on solar PV backsheet market share.

In addition, recently China signed an energy deal with Canada, through which the country intends to promote the benefits of renewable energy sources such as solar and wind power. Considering how proactive the nation seems to be with regards to energy and innovation policies, experts predict China solar PV backsheet market share to soar higher in the years ahead.

Table Of Content For This Research Report:

Chapter 6    Solar PV Backsheet Market, By Material

6.1    Global solar PV backsheet by material market share, 2016 & 2024

6.2    Fluoride

6.2.1    Global market, 2013 – 2024

6.2.2    Global market, by region, 2013 - 2024, (USD Million)

6.2.3    Global market, by region, 2013 - 2024, (Million Square Foot)

6.3    Non-Fluoride

6.3.1    Global market, 2013 – 2024

6.3.2    Global market, by region, 2013 - 2024, (USD Million)

6.3.3    Global market, by region, 2013 - 2024, (Million Square Foot)

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About Author

Sachin Pashte    

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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