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Global Silver Paste for Solar Cells Market Insight June 9, 2022 Comments

The Silver Paste for Solar Cells is forecast to smooth over the next few years. According to the WK-chem Research “Global Silver Paste for Solar Cells Professional Survey Report 2022, Forecast to 2027”, with the increasing demand of the Solar battery industry,the Silver Paste for Solar Cells industry is developing at an incredible speed. According to the WK-chem regression analysis model, the compound annual growth rate (CAGR) for the period 2022-2027 is expected to be 7.50%.

Analysts’ Viewpoint:

Solar cell backside silver paste is a conductive paste used to bond solar cells and metal frames of solar cell modules together. Growing demand for improved photovoltaic (PV) cell efficiency coupled with increasing global demand for solar panel deployment will further provide potential opportunities for solar cell paste market growth in the coming years. However, changes in raw material costs are likely to further challenge the solar cell paste market growth in the near future.

Market insight:

The major factors expected to drive the growth of the solar cell paste market over the forecast period are the rapid development and growing demand for solar photovoltaic power generation. Furthermore, increasing concern that natural resource extraction in various ways will deplete natural resources is expected to further propel the growth of the solar cell paste market. Moreover, it is further estimated that the growing popularity of electricity production from conventional technologies to solar photovoltaic and solar thermal will further moderate the solar cell paste market growth. On the other hand, increasing manufacturing cost of solar cell pastes is expected to further hinder the growth of solar cell pastes market over the timeline.

Competition Landscape:

This WK-chem market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Silver Paste for Solar Cells companys that include Heraeus, Dupont, Samsung SDI, Giga Solar, Good-Ark, Changzhou Fusion New Material, Monocrystal, Wuhan Youleguang, Rutech, Xi’an Chuanglian .etc.

Segmentation of Silver Paste for Solar Cells Market:

On the basis of type, the market is segmented into N-type single crystal silicon silver paste, P-type single crystal silicon silver paste, and polysilicon silver paste. N-type single crystal silicon silver paste occupies the main share, and silver paste for N-type single crystal silicon is a kind of silver paste. The back of the battery no longer needs to be covered with aluminum, reducing the potential for electrical shorts. The product features good electrical conductivity and low power consumption, and can also be used in PERC and TOPCON solar cells because they are various n-type silicon wafers. Based on application, the market is segmented into PERC solar cells, TOPCON solar cells, and others. Topcon solar cells are more widely used. Solar cell backside silver pastes are used as conductors in TOPCON solar cells. It helps to collect the current generated by the photovoltaic cell and transmit it to the outside of the cell. This paste is made from silver, which is an excellent conductor of electricity. Additionally, it helps protect solar cells from corrosion.

Silver Paste for Solar Cells Market: Regional Analysis

In terms of geography, the global Silver Paste for Solar Cells market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Asia Pacific dominates the solar cell paste market owing to increasing solar PV generation in several countries. Moreover, the growing demand to manufacture more solar panels will further propel the growth of the solar cell paste market in the region during the forecast period. The increasing demand for renewable energy has resulted in China occupying a major market position in the Asia-Pacific region. Furthermore, increasing awareness about the benefits of using solar cells is also contributing to the growth of this market.

Cagr: 7.50%
Largest share area:Asia-Pacific
Largest share country:China
Product Type:N-type single crystal silicon silver paste, P-type single crystal silicon silver paste, and polysilicon silver paste
Application:PERC solar cells, TOPCON solar cells, and othersLeading Company:Heraeus, Dupont, Samsung SDI, Giga Solar, Good-Ark