The solar encapsulations include various solutions protecting the solar panels used in different type of equipment. It protects the solar panels from various hazards and improves efficiency.The technology solutions are used in order to protect photovoltaic sales in solar panels. The expensive solar panels and equipment are vulnerable to various types of physical and environmental threats. The risk from such threats is minimized due to solar encapsulations. The report would highlight the cost savings and risk optimization due to solar encapsulation solutions.
The market growth is expected to be driven by factors such as growing demand for electricity across the world, falling prices of solar equipments, etc. The market is restrained due to expensive solar equipments. However, in future, market would grow due to ready availability of economic solar technology equipments.
Solar Encapsulation Market by Materials
According to material types, the market is classified into Ethylene Vinyl Acetate (EVA), Polyvinyl Butyral (PVB), Polydimethylsiloxane (PDMS), Ionomer, Thermoplastic Polyurethane (TPU) and Polyolefin. Polyvinyl (PV) compounds are major composition material needed in manufacturing of encapsulations. Hence, the PV materials dominate the market and they would continue their dominance.
Solar Encapsulation Market by Technology
From technology perspectives, the market is broadly classified as per single/poly crystalline silicon solar technology and thin film solar technology. The later one is further categorized into Cadmium Telluride (CdTe), Copper Indium Gallium Selenide (CIGS) and Amorphous Silicon (a-Si). The crystalline silicon polar technology is commonly used in the market.
Solar Encapsulation Market by Applications
According to application types the market is classified into categories such as construction, electronics, automotive and others. The construction industry applications are driving the market and would continue to dominate the market. Automotive industry applications would drive the market growth due to demand for sophisticated technologies in the automobile market.
Solar Encapsulation Market by Geography
Geographically, the market is categorized as per regions such as North America, Europe, Asia-Pacific and LAMEA. The market at present is driven by North American countries due to early adoption of the technology. Asia-Pacific region is expected to experience rapid growth in future, due to growth in construction industry in the region.
Companies are adopting product launch strategies with efforts on R&D for targeting potential market segments. For example, STR Holdings has invested large amount of funds in R&D to develop next generation EVA products. Some of the companies present in the market are STR Holdings, Inc., Solutia, DuPont, Hangzhou First PV Material Co. LTD., Dow Corning, Bridgestone, Evasa, Mitsubishi Plastics, Inc., Sanvic Inc. and Cambiosolar.
HIGH LEVEL ANALYSIS
The research presents detailed analysis of the market using Porter’s five forces model. Degree of bargaining power of consumers is expected to be high due to evolving service portfolios offered by numerous strong vendors. Threat of substitutes is low due to absence of feasible alternatives to the technology. Threat from intersegment rivalry is high due to entry of multiple strong brands in the market. Threat from bargaining power of suppliers is estimated to be low due to presence of numerous players. Threat of new entrants is expected to remain low due to higher cost of deployment and higher requirement of R&D efforts.
- The benefits of solar encapsulations are analyzed in the study so that key stakeholders can understand market potential
- Porter’s five forces analysis elaborates degree of various threats and hence, appropriate strategies can be devised
- Value chain analysis explains the role of all key intermediaries of the market and hence, appropriate forward and/or backward chain integration can be planned
- Scientific estimations are calculated to project trends for the analysis period of 2014-2020
- Additional focus is provided on trends and opportunities in various geographies so that companies can make differentiated targeting plans to gain competitive edge
The solar encapsulation market is classified according to materials, technology, applications and geographies.
MARKET BY MATERIALS
MARKET BY TECHNOLOGY
- Single crystal/polycrystalline silicon technology
- Thin film solar technology
- Cadmium Telluride
- Copper Iridium Gallium Selenide
- Amorphous Silicon
MARKET BY APPLICATION
MARKET BY GEOGRAPHY
- North America
- Latin America, Middle East and Africa (LAMEA)