What is PV Module Encapsulation Film - Global Market?
In 2023, the global market for PV Module Encapsulation Film was valued at approximately $2480 million. This niche, yet crucial component of the solar power industry, is on a trajectory to expand its market size to around $3484.2 million by the year 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of about 5.0% over the period from 2024 to 2030. This significant growth is reflective of the increasing demand for renewable energy sources worldwide, with solar energy taking a front seat in the green energy revolution. The International Energy Agency has highlighted that China has become a dominant player in the solar energy sector, commanding over 80% market share across all key products in the supply chain. This dominance is indicative of China's aggressive investment and innovation in solar technology, positioning it as a leader in the global renewable energy market. The expansion of the PV Module Encapsulation Film market is a testament to the growing emphasis on sustainable energy solutions and the pivotal role of solar power in achieving these goals.
0.20 to 0.40 mm, 0.40 to 0.60 mm, 0.60 to 0.80 mm in the PV Module Encapsulation Film - Global Market:
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Commercial, Industrial, Residential in the PV Module Encapsulation Film - Global Market:
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PV Module Encapsulation Film - Global Market Outlook:
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Report Metric | Details |
Report Name | PV Module Encapsulation Film - Market |
Forecasted market size in 2030 | US$ 3484.2 million |
CAGR | 5.0% |
Forecasted years | 2024 - 2030 |
Segment by Type: |
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Segment by Application |
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By Region |
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By Company | 3M, Borealis, Changzhou Betterial Film Technologies Co., Ltd., Jiangsu Sveck Photovoltaic New Material, Mitsui Chemicals Company, Arkema, Cybrid Technology, Topray Solar, Coveme, RenewSys, H.B. Fuller, TPI Polene, Guangzhou Lushan New Materials |
Forecast units | USD million in value |
Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |