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Report.Buyer.com says recession hitting European solar PV backsheet market

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Europe currently leads the solar PV market, but the ongoing impact of the ongoing Euro zone crisis is expected to have a drastic decline according to leading market research company Report.Buyer.com
Report.Buyer.com says recession hitting European solar PV backsheet market

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

The 76 page report says that Germany represents the largest market for PV backsheets, registering revenues of around $537.7m in 2011. The German company KREMPEL is currently the global leader in backsheet manufacturing, producing between 63 and 69 million square meters of backsheets in 2011.

Italy is the second largest PV market in the world, and has an export-oriented market for solar backsheets. The Feed-in Tariff (FIT) program supports the development of solar PV, and continued revisions to the Conto Energia FIT scheme have so far molded to the development of the solar PV market itself.

European PV backsheet installed capacity increased from 949 megawatts (MW) in 2006 to 15,491 MW in 2011 at a compound annual growth rate (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.

Further information:

Report.Buyer.com

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