The Asia Pacific Solar Encapsulation Market would witness market growth of 8.7% CAGR during the forecast period (2022-2028).
Insulation and protection are two effects of encapsulation on solar photovoltaic (PV) modules that change the device's performance depending on the wavelength of incoming light. The majority of lab-scale PV research ignores these characteristics, but with the development of optical enhancement techniques, front surface spectral conversion mechanisms, and biomimetic layers, this omission has become unacceptable. This study assesses a straightforward encapsulation technique to enable the encapsulation of lab-scale PV.
Using a pouch laminator, multi-crystalline silicon (mc-Si) wafers have been encapsulated, and their performance was contrasted with that of a front-coated (poly)-methyl methacrylate (PMMA) cell and an unencapsulated control cell. Better photon absorption in the UV region is displayed by the cell's diffuse reflectance with the encapsulant, which is supported by increased external quantum efficiency. The electrical performances of the encapsulated cells were unaffected despite a negligible amount of visible photons being lost.
The existence of major market players as well as favorable government rules that offer subsidies & financial incentives for PV projects in China is crucial factors driving the market expansion and the growing attention of new market participants in this region. In addition to having the largest solar farm in the world and the largest floating farm in the world, which has a 40 MW power capacity, China also boasts the largest panel manufacturing business.
The China market dominated the Asia Pacific Solar Encapsulation Market by Country in 2021; thereby, achieving a market value of $458.8 million by 2028. The Japan market is poised to grow at a CAGR of 8.1% during (2022 - 2028). Additionally, The India market would witness a CAGR of 9.4% during (2022 - 2028).
Based on Material, the market is segmented into Ethylene Vinyl Acetate, Non-ethylene Vinyl Acetate, UV Curable Resin, and Others. Based on Technology, the market is segmented into Polycrystalline Silicon Solar, Cadmium Telluride, Copper Indium Gallium Selenide, and Amorphous Silicon. Based on Application, the market is segmented into Construction, Electronics, Automotive, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Solar Encapsulation Market is Projected to reach USD 4.4 Billion by 2028, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, Dupont De Nemours, Inc., First Solar, Inc., Dai Nippon Printing Co., Ltd. (dnpSolar), Dow, Inc., Hangzhou First PV Material Co. Ltd., Kuraray Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Material
- Ethylene Vinyl Acetate
- Non-ethylene Vinyl Acetate
- UV Curable Resin
- Others
By Technology
- Polycrystalline Silicon Solar
- Cadmium Telluride
- Copper Indium Gallium Selenide
- Amorphous Silicon
By Application
- Construction
- Electronics
- Automotive
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 3M Company
- Dupont De Nemours, Inc.
- First Solar, Inc.
- Dai Nippon Printing Co., Ltd. (dnpSolar)
- Dow, Inc.
- Hangzhou First PV Material Co. Ltd.
- Kuraray Co., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Solar Encapsulation Market, by Material
1.4.2 Asia Pacific Solar Encapsulation Market, by Technology
1.4.3 Asia Pacific Solar Encapsulation Market, by Application
1.4.4 Asia Pacific Solar Encapsulation Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Solar Encapsulation Market by Material
3.1 Asia Pacific Ethylene Vinyl Acetate Market by Country
3.2 Asia Pacific Non-ethylene Vinyl Acetate Market by Country
3.3 Asia Pacific UV Curable Resin Market by Country
3.4 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Solar Encapsulation Market by Technology
4.1 Asia Pacific Polycrystalline Silicon Solar Market by Country
4.2 Asia Pacific Cadmium Telluride Market by Country
4.3 Asia Pacific Copper Indium Gallium Selenide Market by Country
4.4 Asia Pacific Amorphous Silicon Market by Country
Chapter 5. Asia Pacific Solar Encapsulation Market by Application
5.1 Asia Pacific Construction Market by Country
5.2 Asia Pacific Electronics Market by Country
5.3 Asia Pacific Automotive Market by Country
5.4 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Solar Encapsulation Market by Country
6.1 China Solar Encapsulation Market
6.1.1 China Solar Encapsulation Market by Material
6.1.2 China Solar Encapsulation Market by Technology
6.1.3 China Solar Encapsulation Market by Application
6.2 Japan Solar Encapsulation Market
6.2.1 Japan Solar Encapsulation Market by Material
6.2.2 Japan Solar Encapsulation Market by Technology
6.2.3 Japan Solar Encapsulation Market by Application
6.3 India Solar Encapsulation Market
6.3.1 India Solar Encapsulation Market by Material
6.3.2 India Solar Encapsulation Market by Technology
6.3.3 India Solar Encapsulation Market by Application
6.4 South Korea Solar Encapsulation Market
6.4.1 South Korea Solar Encapsulation Market by Material
6.4.2 South Korea Solar Encapsulation Market by Technology
6.4.3 South Korea Solar Encapsulation Market by Application
6.5 Singapore Solar Encapsulation Market
6.5.1 Singapore Solar Encapsulation Market by Material
6.5.2 Singapore Solar Encapsulation Market by Technology
6.5.3 Singapore Solar Encapsulation Market by Application
6.6 Malaysia Solar Encapsulation Market
6.6.1 Malaysia Solar Encapsulation Market by Material
6.6.2 Malaysia Solar Encapsulation Market by Technology
6.6.3 Malaysia Solar Encapsulation Market by Application
6.7 Rest of Asia Pacific Solar Encapsulation Market
6.7.1 Rest of Asia Pacific Solar Encapsulation Market by Material
6.7.2 Rest of Asia Pacific Solar Encapsulation Market by Technology
6.7.3 Rest of Asia Pacific Solar Encapsulation Market by Application
Chapter 7. Company Profiles
7.1 3M Company
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 DuPont de Nemours, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.3 First Solar, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.4 Dai Nippon Printing Co., Ltd. (dnpSolar)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.5 Dow, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.6 Hangzhou First Applied Material Co., Ltd.
7.6.1 Company Overview
7.7 Kuraray Co., Ltd.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
TABLE 1 Asia Pacific Solar Encapsulation Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Solar Encapsulation Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Solar Encapsulation Market by Material, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Solar Encapsulation Market by Material, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Ethylene Vinyl Acetate Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Ethylene Vinyl Acetate Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Non-ethylene Vinyl Acetate Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Non-ethylene Vinyl Acetate Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific UV Curable Resin Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific UV Curable Resin Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Solar Encapsulation Market by Technology, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Solar Encapsulation Market by Technology, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Polycrystalline Silicon Solar Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Polycrystalline Silicon Solar Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Cadmium Telluride Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Cadmium Telluride Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Copper Indium Gallium Selenide Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Copper Indium Gallium Selenide Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Amorphous Silicon Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Amorphous Silicon Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Solar Encapsulation Market by Application, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Solar Encapsulation Market by Application, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Construction Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Construction Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Electronics Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Electronics Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Automotive Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Automotive Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Solar Encapsulation Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Solar Encapsulation Market by Country, 2022 - 2028, USD Million
TABLE 35 China Solar Encapsulation Market, 2018 - 2021, USD Million
TABLE 36 China Solar Encapsulation Market, 2022 - 2028, USD Million
TABLE 37 China Solar Encapsulation Market by Material, 2018 - 2021, USD Million
TABLE 38 China Solar Encapsulation Market by Material, 2022 - 2028, USD Million
TABLE 39 China Solar Encapsulation Market by Technology, 2018 - 2021, USD Million
TABLE 40 China Solar Encapsulation Market by Technology, 2022 - 2028, USD Million
TABLE 41 China Solar Encapsulation Market by Application, 2018 - 2021, USD Million
TABLE 42 China Solar Encapsulation Market by Application, 2022 - 2028, USD Million
TABLE 43 Japan Solar Encapsulation Market, 2018 - 2021, USD Million
TABLE 44 Japan Solar Encapsulation Market, 2022 - 2028, USD Million
TABLE 45 Japan Solar Encapsulation Market by Material, 2018 - 2021, USD Million
TABLE 46 Japan Solar Encapsulation Market by Material, 2022 - 2028, USD Million
TABLE 47 Japan Solar Encapsulation Market by Technology, 2018 - 2021, USD Million
TABLE 48 Japan Solar Encapsulation Market by Technology, 2022 - 2028, USD Million
TABLE 49 Japan Solar Encapsulation Market by Application, 2018 - 2021, USD Million
TABLE 50 Japan Solar Encapsulation Market by Application, 2022 - 2028, USD Million
TABLE 51 India Solar Encapsulation Market, 2018 - 2021, USD Million
TABLE 52 India Solar Encapsulation Market, 2022 - 2028, USD Million
TABLE 53 India Solar Encapsulation Market by Material, 2018 - 2021, USD Million
TABLE 54 India Solar Encapsulation Market by Material, 2022 - 2028, USD Million
TABLE 55 India Solar Encapsulation Market by Technology, 2018 - 2021, USD Million
TABLE 56 India Solar Encapsulation Market by Technology, 2022 - 2028, USD Million
TABLE 57 India Solar Encapsulation Market by Application, 2018 - 2021, USD Million
TABLE 58 India Solar Encapsulation Market by Application, 2022 - 2028, USD Million
TABLE 59 South Korea Solar Encapsulation Market, 2018 - 2021, USD Million
TABLE 60 South Korea Solar Encapsulation Market, 2022 - 2028, USD Million
TABLE 61 South Korea Solar Encapsulation Market by Material, 2018 - 2021, USD Million
TABLE 62 South Korea Solar Encapsulation Market by Material, 2022 - 2028, USD Million
TABLE 63 South Korea Solar Encapsulation Market by Technology, 2018 - 2021, USD Million
TABLE 64 South Korea Solar Encapsulation Market by Technology, 2022 - 2028, USD Million
TABLE 65 South Korea Solar Encapsulation Market by Application, 2018 - 2021, USD Million
TABLE 66 South Korea Solar Encapsulation Market by Application, 2022 - 2028, USD Million
TABLE 67 Singapore Solar Encapsulation Market, 2018 - 2021, USD Million
TABLE 68 Singapore Solar Encapsulation Market, 2022 - 2028, USD Million
TABLE 69 Singapore Solar Encapsulation Market by Material, 2018 - 2021, USD Million
TABLE 70 Singapore Solar Encapsulation Market by Material, 2022 - 2028, USD Million
TABLE 71 Singapore Solar Encapsulation Market by Technology, 2018 - 2021, USD Million
TABLE 72 Singapore Solar Encapsulation Market by Technology, 2022 - 2028, USD Million
TABLE 73 Singapore Solar Encapsulation Market by Application, 2018 - 2021, USD Million
TABLE 74 Singapore Solar Encapsulation Market by Application, 2022 - 2028, USD Million
TABLE 75 Malaysia Solar Encapsulation Market, 2018 - 2021, USD Million
TABLE 76 Malaysia Solar Encapsulation Market, 2022 - 2028, USD Million
TABLE 77 Malaysia Solar Encapsulation Market by Material, 2018 - 2021, USD Million
TABLE 78 Malaysia Solar Encapsulation Market by Material, 2022 - 2028, USD Million
TABLE 79 Malaysia Solar Encapsulation Market by Technology, 2018 - 2021, USD Million
TABLE 80 Malaysia Solar Encapsulation Market by Technology, 2022 - 2028, USD Million
TABLE 81 Malaysia Solar Encapsulation Market by Application, 2018 - 2021, USD Million
TABLE 82 Malaysia Solar Encapsulation Market by Application, 2022 - 2028, USD Million
TABLE 83 Rest of Asia Pacific Solar Encapsulation Market, 2018 - 2021, USD Million
TABLE 84 Rest of Asia Pacific Solar Encapsulation Market, 2022 - 2028, USD Million
TABLE 85 Rest of Asia Pacific Solar Encapsulation Market by Material, 2018 - 2021, USD Million
TABLE 86 Rest of Asia Pacific Solar Encapsulation Market by Material, 2022 - 2028, USD Million
TABLE 87 Rest of Asia Pacific Solar Encapsulation Market by Technology, 2018 - 2021, USD Million
TABLE 88 Rest of Asia Pacific Solar Encapsulation Market by Technology, 2022 - 2028, USD Million
TABLE 89 Rest of Asia Pacific Solar Encapsulation Market by Application, 2018 - 2021, USD Million
TABLE 90 Rest of Asia Pacific Solar Encapsulation Market by Application, 2022 - 2028, USD Million
TABLE 91 Key Information – 3M Company
TABLE 92 Key Information –DuPont de Nemours, Inc.
TABLE 93 Key Information – First Solar, Inc.
TABLE 94 Key Information – Dai Nippon Printing Co., Ltd.
TABLE 95 Key Information – Dow, Inc.
TABLE 96 Key Information – Hangzhou First Applied Material CO., LTD.
TABLE 97 Key Information – Kuraray Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: 3M Company