Zion Market Research Global Solar Encapsulation Market, 2016–2024 | Page 3

Solar Encapsulation Market
the solar encapsulation technology which is positively impacting the global solar
encapsulation market. Escalating demand for solar PV modules and the rising government
initiatives will boost the global market growth. Immense proliferation of technology and the
increasing energy requirements contribute to the market growth. High investments in the
R&D by PV module manufacturers encourage the development of newer encapsulants. The
emergence of the innovative organic solar technology will enhance the investments in the
global market. There is a hike in demand for electricity owing to the rapidly increasing
population which in turn will result in a rise in demand for the solar equipment. It is expected
that economic solar equipment will be available in the future. Conversely, the high cost of
solar equipment may restrain the global solar encapsulation market growth to some extent.
Global Solar Encapsulation Market by Segmentation: The global solar encapsulation
market is segmented based on the technology as thin film solar technology and
polycrystalline silicon solar technology. Based on the material used, the global market is
classified as ethylene vinyl acetate, polydimethylsiloxane, ionomers and polyvinyl butyral.
Furthermore, the global solar encapsulation market is segregated on the basis of application
as automotive, construction, electronics and others. The construction industry is one of the
largest consumers of solar encapsulation market.
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Global Solar Encapsulation Market by Regional Analysis: Asia Pacific is emerging as
prominent region due to the adoption of solar encapsulation technologies. Growing energy
requirements in this region are fostering the global solar encapsulation market growth.