By 2023, the solar backplane will reach a market size of 2.4 billion US dollars.
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Introduction: From 2018 to 2023, the global solar backplane market is expected to grow at a compound annual growth rate of 7.02%, reaching a market size of $2.4 billion by 2023, and an estimated market size of $1.71 billion in 2018.
International market research firm Markets recently released a report that the global solar backplane market is expected to grow at a compound annual growth rate of 7.02% from 2018 to 2023, reaching a market size of $2.4 billion by 2023, and estimating the market in 2018. The scale is $1.71 billion.
Global market growth is driven by the increase in global solar PV installations and government policy support to promote the adoption of renewable energy technologies and the need to reduce carbon emissions.
From the perspective of the application market, it is mainly divided into utilities, industry, commerce, housing and military. The utility sector is expected to be the largest market, mainly due to the increased global installed capacity of solar power plants, including large-scale utilities and distributed generation applications to meet global electricity demand.
From the perspective of installation type, it is mainly divided into roof installation, ground installation and floating power station. During the forecast period, the floating power plant market is expected to grow at the highest compound growth rate, mainly due to the ability of the power plant to generate more energy due to the cooling nature of the water. Floating power plants also solve the problem of land constraints, which is a major obstacle to ground-mounted solar installations.
From the material type, it is mainly divided into fluoropolymer and non-fluoropolymer. The non-fluoropolymer segment is expected to grow at the fastest rate. This increase can be attributed to its cost effectiveness compared to fluoropolymer base sheets.
In terms of regional markets, the Asia-Pacific region is expected to dominate the global solar backplane market during the forecast period due to the significant increase in solar PV installations in China and India. China is the largest market in the Asia Pacific region and is investing heavily in solar photovoltaic power generation to reduce carbon emissions and meet its electricity needs. The Asia Pacific region is also expected to be the fastest growing market, followed by North America.
It is worth noting that the main factor limiting the growth of the solar backplane market is the high cost of installation and storage of solar photovoltaic power generation.
According to the report, Safran Applied Technology (China), Zhonglai Co., Ltd. (China), Coveme (Italy), Krempel (Germany) and Hangzhou Foster Applied Materials (China) will become the world's leading suppliers of solar backsheets.