According to a new report, published by KBV research, The Global Solar Encapsulation Market size is expected to reach $4.4 billion by 2028, rising at a market growth of 8.4% CAGR during the forecast period.
The Ethylene Vinyl Acetate market acquired the high market share in the Global Solar Encapsulation Market by Material in 2021; thereby, achieving a market value of $2.5 billion by 2028. Its low susceptibility to sunlight degradation and good radiation transmission is credited with this. Due to its excellent defense against corrosion and delamination, ethylene-vinyl acetate solar encapsulation has seen a significant increase in demand.
The Cadmium Telluride market is expected to witness a CAGR of 9.1% during (2022 - 2028). Solar cells made of cadmium telluride (CdTe) have subtly become a popular PV technology. Solar cells made of cadmium telluride (CdTe) use thin-film layers of the semiconductor cadmium telluride to convert absorbed sunlight into electricity. The next most abundant solar cell technology is called cadmium telluride photovoltaic solar cells.
The Construction market is generating the Global Solar Encapsulation Market by Application in 2021; thereby, achieving a market value of $2.2 billion by 2028. Construction and the solar energy industries are interwoven and becoming more dependent on one another. More solar power installations are required as more people express a desire for solar panels. Contractors have a fantastic opportunity due to the expanding and changing solar construction sector. This relationship between the building and solar businesses is advantageous to both sectors.
The Asia Pacific market dominated the Global Solar Encapsulation Market by Region in 2021; thereby, achieving a market value of $1.6 billion by 2028. The Europe market is estimated to grow at a CAGR of 7.9% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 7.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/solar-encapsulation-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Material
By Technology
By Application
By Geography
Companies Profiled
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