Solar Encapsulation Poised to Break Million Dollar Mark by 2018, According to Markets and Markets

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Markets and Markets forecasts the solar encapsulation market to reach $1357.2 Million by 2018. Expansion into new and emerging markets will be a key factor in the success of solar encapsulant manufacturers.

 

As demand for solar PV grows, so grows the solar encapsulation market. That’s according to the latest report from Markets and Markets, Solar Encapsulation Market – Global Trends & Forecast to 2018.”

Markets and Markets predicts that the solar encapsulation market will reach $1357.2 Million by 2018. Global electricity demand, expected to double by 2030, potential cost reduction of solar PV, and PV technological developments are the factors cited as driving growth in the solar encapsulation market.

 

This report estimates the market from the demand side, breaking the market into smaller product segments. These include geographical, materials, technological, and applications (i.e., construction, electronics, automotive, and others).

 

These industries in particular are expected to drive demand in the global market for solar encapsulants, resulting in a stronger need for these solar products. Therefore, Markets and Markets predicts that expansion into new and emerging markets will be a key factor in the success of solar encapsulant manufacturers.