Global Solar Photovoltaic (PV) Backsheet Market 2020 Forecast & Analysis for North America, Europe and APAC

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Dallas, Texas (PRWEB) October 27, 2012

These research reports provide an understanding of the solar PV backsheet market in the North America, Europe and Asia-Pacific regions with forecasts to 2020. The research covers key drivers, issues and challenges, major market trends and opportunities in the regional backsheet market. The research contains detailed analysis on solar PV installations, backsheets installed, price trends, demand analysis, market revenues and lead time analysis of the solar PV backsheet market. The report details product analysis and comparative analysis of the global solar PV backsheet manufacturers.

Solar Photovoltaic (PV) Backsheet in North America - Market Size, Average Price, Competitive Landscape and Key Country Analysis to 2020

The solar PV backsheet market in North America is dominated by the US, which accounted for over 85.3% of regional additions in 2011. The US solar Photovoltaic (PV) backsheet market is supported by the recently-extended Investment Tax Credits (ITC) and Production Tax Credits (PTC) which alter traditional energy market dynamics. ITC provides tax credits to commercial and residential solar PV installers, and the US government also provides accelerated 5-year tax depreciation for residential systems or businesses under the power purchase agreement, supporting the solar PV market.

During 2009-2011, the US Department of the Treasury provided 3,731 grants for solar power projects, amounting to a total of $1.56 billion, for the installation of solar power projects equivalent to 1,290.64 megawatts (MW). Following the expiry of the Treasury Grant Program in 2012, ITC will continue to support solar power development until 2016, but after this funding plans are uncertain.

However, the recent proposal of the Clean Energy Standard Act of 2012 will support the future development of the US renewable power market. Utilities will be mandated to purchase power generated from cleaner sources, with a requirement of 24% expected to be set by 2015 which will increase by 3% every year until 2035. The US government has also increased spending on PV in federal buildings and the defense sector, investing in PV equipment for military power supplies and the government sector. These support mechanisms are expected to continue to open up high growth markets for PV backsheets.

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Solar Photovoltaic (PV) Backsheet in Europe - Market Size, Average Price, Competitive Landscape and Key Country Analysis to 2020

European PV backsheet installed capacity increased from 949 megawatts (MW) in 2006 to 15,491 MW in 2011 at a CAGR of 75%, but is expected to amount to 12,888 MW by 2020 at a negative CAGR of 2%. From 2012 onward, the market is set to recover with the support of relevant government policies and incentives, with countries such as the Czech Republic, Portugal, Greece and Bulgaria increasing their presence in the PV market, but the economic crash in Europe will take its toll nonetheless.

Europe the largest solar PV backsheet market in the world, with the region accounting for 72.1% of global backsheet installed capacity. However, the maturing market and struggling national finances are expected to cause global solar backsheet revenues to fall in 2012. Germany represents the largest market for PV backsheets in the world, registering revenues of around $537.7m in 2011. The market in Germany is expected to generate estimated revenues of $65.1m in 2020. Italy is the second largest PV market in the world, and has an export-oriented market for solar backsheets.

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Solar Photovoltaic (PV) Backsheet in Asia-Pacific - Market Size, Average Price, Competitive Landscape and Key Country Analysis to 2020

The Asia-Pacific solar PV backsheet market saw its installed capacity increase from 339 MW in 2006 to 3,260 MW in 2011 at a CAGR of 57%, and further growth is forecast for the next decade owing to highly supportive government policies. Total regional installed capacity is expected to reach 18,151 MW by 2020 at a CAGR of 21% from 2011. Japan is also a major manufacturing base for PV backsheets, meeting domestic demand as well as exporting products. The country aims to achieve 28 gigawatts (GW) of solar power production by 2020. South Korea and Taiwan represent emerging PV backsheet markets. Taiwan is expected to increase at a Compound Annual Growth Rate (CAGR) of 25% during the 2011–2020 period to reach 234 MW, while South Korea’s is expected to grow from to 419 MW in 2020 at a CAGR of 17%.

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