Wednesday, May 22, 2013

Global solar PV backsheet market likely to reach $1.6 billion, with CAGR of 3 percent by 2017

IRELAND: Research and Markets has announced the addition of the "Global Solar PV Backsheet Market 2012-2017: Trends, Forecast, and Opportunity Analysis" report to its offering.

The global solar PV module market comprises two broad categories: crystalline silicon modules and thin film modules. Solar PV backsheets are used widely in crystalline silicon solar PV module. The backsheet market is expected to reach $1.6 billion, with a CAGR of 3 percent by 2017. Solar energy is a relatively nascent market and is being adopted across all regions. This growth is expected to continue in the forecast period covered in the report.

The presented analysis can help the solar PV and PV backsheet manufacturers and their material and component suppliers to recognize the opportunities in the PV industry. Marketing strategies tailored to take advantage of these conditions should result in improved revenue and profitability.

The solar PV backsheet market has gone through several challenges recently. Manufacturers must develop products that meet strict performance requirements and industry standards while reducing costs, which becomes a challenge for them. New polymeric materials, which are the basic raw materials to manufacture backsheets, are subjected to extensive testing according to standards that ensure safety and reliability, sometimes resulting in delayed certification process.

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