Solar Encapsulation Market worth $7.2 billion by 2028 - Exclusive Report by M... - 0 views
-
Almira Coyne on 23 Jan 24Solar Encapsulation Market is expected to reach USD 7.2 billion by 2028 from USD 4.9 billion in 2023 at a CAGR of 8.0% during the 2023-2028 period according to a new report by MarketsandMarkets™. Solar encapsulation is the technique of sealing and protecting solar cells with a layer of materials, most often polymers such as ethylene-vinyl acetate (EVA) or polyolefins (POE). This protective layer is important to the longevity, durability, and efficiency of solar panels. Encapsulants of excellent grade are highly transparent, allowing maximum sunlight to enter the cells and improve their power generation. They can also improve light trapping within the cell and reduce optical losses. Rising growth in the demand for solar energy along with increasing adoption of photovoltaics technology solutions are the factors expected to drive the demand for the Solar Encapsulation Market.
