Asia Pacific Solar PV Backsheet Market - Industry Trends and Opportunity Analysis to 2015
Global Backsheet Market Revenues to Reach to an Estimated $1,123.3m by 2015
The global solar PV backsheet installed capacity has been increasing year by year, from 210.8MW in 2001 to 5,701.8MW in 2009 at a CAGR of 51%. Europe is the largest solar PV backsheet market in the world, accounting for 79.1% of the global backsheet installed capacity. The Global Solar PV Backsheet Market is being driven by the increased financial incentives offered by the federal and state governments to the solar PV industry. The reduction in production costs, coupled with technological advances and government policies have contributed the most to the expansion of the sector. This, along with the R&D initiatives taken up by various research institutes, has led to the growth in the installed capacity. Against this backdrop, the global solar PV power backsheet installed capacity is expected to grow from 5,701.8MW in 2009 to reach 14,299.9MW by the end of 2015 at a CAGR of 16.6% for the period 2009-2015.
The global backsheet market is growing at a fast pace backed by a strong growth in the solar PV industry in many countries Germany, Spain, France, Italy and the US. The global solar PV backsheet market revenues increased from an estimated $460.3m in 2008 to reach $498.7m in 2009, a year on year increase of 8.3%. The high market growth for PV backsheets can be attributed to the maturing German market. Though the country will continue to be the biggest market for PV backsheets market in years to come with increasing backsheet revenues, its share of the global market will continue to fall with the emergence of new PV hotspots. With emerging markets such as India, China, the Republic of Korea, Canada, the Czech Republic, Portugal, Greece and Bulgaria increasing their presence in the PV market, it is expected that the market will reach to an estimated revenues of $1,123.3m by 2015 at a slower forecast CAGR of 18.4%.
Asia Pacific will be a Key Market for the Future PV Backsheets Market Development
The Asian solar PV market is heating up with focus shifting from the US and Europe due to weak demand and lack of financing in these regions due to the impact of the economic crisis. Asia-Pacific solar PV backsheet market is dominated by Japan, Republic of Korea and China during the historical period 2001-09. The PV backsheet installed capacity increased from 108.52 MW in 2001 to 749.93MW in 2009 at a CAGR of 27.33%. Asia-Pacific PV backsheet market is expected to grow until 2015 owing to highly supportive governmental policies in key and emerging markets in the region, which include India, China and Republic of Korea. Asia-Pacific PV backsheets installed capacity is expected to reach to 3,766.21MW by 2015 at a CAGR of 30.86% during 2009-2015.
TOYO Aluminium is the Largest Backsheet Manufacturer in the Asia Pacific Market
Japan-based TOYO Aluminium is the largest backsheet manufacturer in Asia Pacific and is the second largest in the world. The company has an annual backsheet production base of 30 million meters square and supplies its produce to module manufacturers such as ET Solar and Suntech Power. The company produces backsheet for both crystalline and thin film technologies with a PVF/Aluminum Foil/PVF backsheet structure. TOYO is followed by companies such as SFC, Zhejiang Haflon New Energy, Jolywood (Suzhou) Solar Material Technology and Mitsubishi Plastics as the other leading backsheet manufacturers in the region.
Japan and China - A Major Backsheets Manufacturing Hubs in Asia
China is one of the key backsheet markets in the world. China has more than fifteen backsheet manufacturers and exports its produce to Europe, North America and Asia-Pacific (countries such as the US, Germany, Spain, Italy and Australia). The growth of solar PV backsheets market in China is promising with the government setting up ambitious targets for the development of solar PV. Major backsheet manufacturers in China including Jolywood Solar, Suzhou, Jiangsu Huitong and Hangzhou Sunhome have plans to scale up their backsheet capacities to meet the increasing demand and also compete with foreign backsheet manufacturers in local markets. Foreign players such as Coveme, Krempel, Isovolta and Dunmore are flooding the Chinese PV market with popular backsheet models as China is a major modules manufacturing hub. The PV backsheets market in China is expected to reach to $54.43 million by 2015 at a forecast CAGR of 23.9%.
Japan has one of the largest manufacturing bases for PV backsheet. Apart from meeting the domestic demand, the country exports backsheets to leading module manufacturers globally. Japanese backsheet manufacturers such as Toyo Aluminum and Mitsubishi Plastics export backsheets to countries such as the US, China and Austria.
PV industry in Japan was revived in 2009 with the introduction of stimulus packages to resurrect and save economy. PV installations in Japan fell in 2007 and 2008 as the government discontinued its solar subsidies in March 2006, when the market seemed to support itself. With clouds of economic crisis spreading fast on the Japanese market, the central government introduced stimulus packages to stimulate the economy with focus on renewable energy industry, with special focus on solar PV. This stimulus package has renewed the Japanese government’s interest in the solar power sector in a significant manner. The new package aims at boosting the country’s solar power generation by 20 times the present level in the next decade, mainly by way of subsidies.
The government also plans a scheme that gives tariffs to traditional power companies for purchasing solar electricity from households. This is expected to revive and bring enormous growth opportunities to the Japanese solar PV industry. Such schemes will provide opportunities and increase the demand for module and backsheet manufacturers. The Japanese PV backsheets market is driven mainly by subsidies provided by the government. Expected growth in PV installations in Japan is expected to increase the market revenues for backsheets from $40.37 million in 2009 to $119.56 million by 2015 at a CAGR of 19.83%.
Republic of Korea is the Key Emerging Solar PV Backsheets Market in the World
Republic of Korea is one of the emerging backsheet markets in the world. It has one major backsheet manufacturer; SFC Co Ltd, which has a production capacity of 8 million meters square and holds a share of 30% in the domestic backsheet capacity. SFC exports its produce to Europe, North America and Asia-Pacific countries such as the US, Germany, Spain, Italy and Australia. 3M Renewable Energy, ISOVOLTA and Coveme are the major foreign players operating in the Korean backsheet market.
PV backsheet market revenues in Korea fell from $25.14 million in 2008 to $7.92 million in 2009, a decrease of 68.48%, due to economic downturn, which led to increased lead times in setting up of PV plants. The future growth of PV backsheets is mainly driven mainly by favorable policies and long-term strategies of the government to develop PV industry. Correction in feed-in tariff prices and economic recovery will drive the growth in PV backsheet revenues. Growth in installations is expected to boost backsheet market revenues from 2010, despite the expected price stabilization. Thus the market is expected to reach revenues of $34.51 million by 2015 at a forecast CAGR of 27.79%.
For further details, visit: www.globaldata.com/reportstore
Or please add this link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=Asia-Pacific-Solar-Photovoltaic-PV-Backsheet-Market-Industry-Trends-and-Opportunity-Analysis-to-2015&ReportType=Industry_Report&coreindustry=ALL&Title=Alternative_Energy
About GlobalData
GlobalData is an industry analysis specialist company providing business information products and services.
Our highly qualified team of Analysts, Researchers, and Solution Consultants use proprietary data sources and various tools and techniques to gather, analyze and represent the latest and the most reliable information essential for businesses to sustain a competitive edge.
If you have any queries about this report or would like further information, please contact
North America: +1 646 395 5460
Europe: +44 207 753 4298
+44 1204 543 523
Asia Pacific: +91 40 6616 6700
Email: info@globaldata.com
