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Technavio recently released a report that from 2019 to 2023, the global solar photovoltaic backsheet market will grow by nearly $2.
08 billion, with a compound annual growth rate of nearly 17%.
However, the market momentum is expected to decelerate due to
declining year-on-year growth.
The global renewable energy sector is growing significantly
due to competitive prices for power generation, subsidies provided by governments, and favorable regulation.
This will drive an increase in solar power installations, thereby stimulating the demand
for solar PV backsheets.
The use of thin-film solar PV modules in building-integrated photovoltaics (BIPV) will increase
during the forecast period due to its flexibility.
BIPV systems provide high power generation because these systems maximize the surface area
of receiving solar panels.
In addition, thin-film solar PV modules require backsheets with high cell efficiency, including properties
such as improved dielectric strength, reflectivity, and durability.
The backsheet needs to fit on an uneven structure to increase module flexibility and provide a high vapor barrier to achieve efficient performance
of thin-film solar PV modules.
Thus, the low-cost advantage and improved conversion efficiency of thin-film solar PV modules increase solar installations, which directly contributes to the growth of
the global solar PV backsheet market.
"The adoption and implementation of microgrids, falling costs of solar power generation, and shift in focus on renewable energy in Asia Pacific will contribute significantly to
the growth of the solar PV backsheet market in the region.
" An analyst at Technavio said microgrid adoption will be mainly driven
by rural electrification initiatives in developing countries such as India, Indonesia and the Philippines.
In areas where the grid is relatively unstable, microgrids play an important role
in protecting consumers from blackouts.
Microgrids can operate autonomously or in parallel with conventional grids and are more reliable because they are not affected
by power outages in the main grid.
At the same time, they reduce the cost of extending the grid to remote distances, and can also use renewable energy sources such as solar and wind to generate electricity
.
Increasing penetration of microgrids will increase the demand for solar PV backsheets, which will contribute to the growth
of the market.
Technavio recently released a report that from 2019 to 2023, the global solar photovoltaic backsheet market will grow by nearly $2.
08 billion, with a compound annual growth rate of nearly 17%.
However, the market momentum is expected to decelerate due to
declining year-on-year growth.
The global renewable energy sector is growing significantly
due to competitive prices for power generation, subsidies provided by governments, and favorable regulation.
This will drive an increase in solar power installations, thereby stimulating the demand
for solar PV backsheets.
The use of thin-film solar PV modules in building-integrated photovoltaics (BIPV) will increase
during the forecast period due to its flexibility.
BIPV systems provide high power generation because these systems maximize the surface area
of receiving solar panels.
In addition, thin-film solar PV modules require backsheets with high cell efficiency, including properties
such as improved dielectric strength, reflectivity, and durability.
The backsheet needs to fit on an uneven structure to increase module flexibility and provide a high vapor barrier to achieve efficient performance
of thin-film solar PV modules.
Thus, the low-cost advantage and improved conversion efficiency of thin-film solar PV modules increase solar installations, which directly contributes to the growth of
the global solar PV backsheet market.
"The adoption and implementation of microgrids, falling costs of solar power generation, and shift in focus on renewable energy in Asia Pacific will contribute significantly to
the growth of the solar PV backsheet market in the region.
" An analyst at Technavio said microgrid adoption will be mainly driven
by rural electrification initiatives in developing countries such as India, Indonesia and the Philippines.
In areas where the grid is relatively unstable, microgrids play an important role
in protecting consumers from blackouts.
Microgrids can operate autonomously or in parallel with conventional grids and are more reliable because they are not affected
by power outages in the main grid.
At the same time, they reduce the cost of extending the grid to remote distances, and can also use renewable energy sources such as solar and wind to generate electricity
.
Increasing penetration of microgrids will increase the demand for solar PV backsheets, which will contribute to the growth
of the market.
