The solar encapsulation market size was valued at $2.6 billion in 2020, and is projected to reach $6.1 billion by 2030, growing at a CAGR of 8.7% from 2021 to 2030.
Solar encapsulation, also known as solar module encapsulation, refers to the process of protecting the solar cells and other components of a photovoltaic (PV) module or solar panel from environmental factors such as moisture, dust, mechanical stress, and temperature fluctuations. Encapsulation is a crucial step in manufacturing solar panels to ensure their durability, performance, and long-term reliability in various weather conditions.
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There are two primary methods of solar encapsulation:
Laminated Glass/Glass-Glass Encapsulation: This method involves sandwiching the solar cells and other components between two layers of tempered glass. The glass provides a protective barrier against environmental factors, UV radiation, and physical impact. It also maintains a stable environment for the solar cells, improving their efficiency and longevity. Glass-glass encapsulated modules are often considered more durable and resistant to degradation over time.
Backsheet/Backsheet-Frontsheet Encapsulation: In this method, the solar cells and components are sandwiched between a backsheet (a thin layer of polymer) and a frontsheet (usually glass or another transparent material). The backsheet serves as a barrier to moisture, UV radiation, and electrical insulation. Frontsheets can be made of glass, transparent polymer, or other materials, providing protection to the solar cells while allowing sunlight to reach them.
The key players operating and profiled in the solar encapsulation market report include 3M Company, AKCOME, STR Holding Inc., Bridgestone Corporation, DNP solar, Dow Inc., Dupont De Nemours Inc., First Solar, Hangzhou First PV Material Co. Ltd., and JGP Energy
Depending on material, ethylene vinyl acetate segment holds the largest market share in 2020.
As per the technology, the polycrystalline silicon solar segment accounted for the largest market share in 2020.
By application, the construction segment accounted for the largest market share in 2020.
Region wise, Asia-Pacific accounted for the largest market share in 2020.
COVID-19 impact on the market
The manufacturing of solar encapsulation was halted for a specific period due to high peak of COVID-19 situation, which impacted the sales of solar encapsulation.
COVID-19 impacted almost all industries by hindering various industrial operations and disrupting the supply chain. Maximum companies halted their operation due to less workforce. However, there is a sluggish decline in the global solar encapsulation market due to impact of COVID-19.
Sales of solar encapsulation is directly proportional to the demand for solar panels. Solar projects has been negatively impacted amid the lockdown imposed due to the COVID-19 outbreak and recorded a huge decline in solar encapsulation.
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Key benefits of solar encapsulation include:
Protection: Encapsulation shields the solar cells from moisture, dust, and environmental damage, which could otherwise compromise their efficiency and overall performance.
Durability: Proper encapsulation helps extend the lifespan of solar panels by preventing degradation caused by exposure to the elements.
Performance: Encapsulation materials, especially those with anti-reflective properties, can enhance the transmission of sunlight to the solar cells, improving energy conversion efficiency.
Electrical Isolation: Encapsulation materials provide electrical insulation, preventing short circuits and electrical hazards within the module.
Reliability: Well-encapsulated modules are more likely to withstand extreme weather conditions, such as rain, snow, hail, and high winds, without experiencing significant damage.
The development of PV storage systems is essential to increase the ability of PV systems to replace the existing conventional sources. With rise in demand for PV installations, the adoption of storage grid is projected to increase, which fuels the demand for solar encapsulation and may act as the major driving factor for the market.
According to technology, it is fragmented into polycrystalline silicon solar, cadmium telluride, copper indium gallium selenide, and amorphous silicon. As per the application, it is classified into construction, electronics, automotive, and others.
Encapsulation on solar photovoltaic (PV) modules includes insulation and protection, which alters the device performance as a function of wavelength of incoming light.
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In addition, PV technology has evolved as the major renewable power resource in the worldwide green energy sector to meet the future challenge of energy needs.
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