The Asia Pacific Solar Encapsulation Market would witness market growth of 8.7% CAGR during the forecast period (2022-2028).
Insulation and protection are two effects of encapsulation on solar photovoltaic (PV) modules that change the device's performance depending on the wavelength of incoming light. The majority of lab-scale PV research ignores these characteristics, but with the development of optical enhancement techniques, front surface spectral conversion mechanisms, and biomimetic layers, this omission has become unacceptable. This study assesses a straightforward encapsulation technique to enable the encapsulation of lab-scale PV.
Using a pouch laminator, multi-crystalline silicon (mc-Si) wafers have been encapsulated, and their performance was contrasted with that of a front-coated (poly)-methyl methacrylate (PMMA) cell and an unencapsulated control cell. Better photon absorption in the UV region is displayed by the cell's diffuse reflectance with the encapsulant, which is supported by increased external quantum efficiency. The electrical performances of the encapsulated cells were unaffected despite a negligible amount of visible photons being lost.
The existence of major market players as well as favorable government rules that offer subsidies & financial incentives for PV projects in China is crucial factors driving the market expansion and the growing attention of new market participants in this region. In addition to having the largest solar farm in the world and the largest floating farm in the world, which has a 40 MW power capacity, China also boasts the largest panel manufacturing business.
The China market dominated the Asia Pacific Solar Encapsulation Market by Country in 2021; thereby, achieving a market value of $458.8 million by 2028. The Japan market is poised to grow at a CAGR of 8.1% during (2022 - 2028). Additionally, The India market would witness a CAGR of 9.4% during (2022 - 2028).
Based on Material, the market is segmented into Ethylene Vinyl Acetate, Non-ethylene Vinyl Acetate, UV Curable Resin, and Others. Based on Technology, the market is segmented into Polycrystalline Silicon Solar, Cadmium Telluride, Copper Indium Gallium Selenide, and Amorphous Silicon. Based on Application, the market is segmented into Construction, Electronics, Automotive, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Solar Encapsulation Market is Projected to reach USD 4.4 Billion by 2028, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, Dupont De Nemours, Inc., First Solar, Inc., Dai Nippon Printing Co., Ltd. (dnpSolar), Dow, Inc., Hangzhou First PV Material Co. Ltd., Kuraray Co., Ltd.
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