#Solar Encapsulation Market Share

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Solar Encapsulation Market Size, Trends, Growth and Analysis 2034

Global solar encapsulation plays a vital role in enhancing the durability, efficiency, and performance of solar photovoltaic (PV) modules. Encapsulation involves using protective materials, typically ethylene-vinyl acetate (EVA), polyvinyl butyral (PVB), or thermoplastic polyolefin (TPO), to safeguard solar cells from environmental factors such as moisture, UV radiation, and mechanical damage. This protective layer not only increases the lifespan of solar panels but also ensures consistent energy output over time.  These encapsulation materials are critical for maintaining the structural integrity and electrical performance of solar modules throughout their operational life. These materials contribute significantly to the reliability and the long-term sustainability of solar power systems across the whole globe. 

According to SPER Market Research, “Global Solar Encapsulation Market Growth, Size, Trends Analysis - By Material, By Technology, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034” states that Global Solar Encapsulation Market is estimated to reach 11.72 USD billion by 2034 with a CAGR of 8.26%.

Drivers: 

One of the main developments in the solar encapsulation industry is the worldwide movement towards renewable energy, particularly solar electricity. The market for solar power is growing quickly as long as businesses continue to prioritize investments in renewable energy. EVA (ethylene vinyl acetate) sheets and other solar encapsulants are essential for shielding solar cells from mechanical stress, moisture, and ultraviolet light. The expansion of the solar encapsulation market is also being driven by advancements in the manufacture of solar modules, such as bifacial and high-efficiency solar cells. These increase solar panels' longevity and energy yield, which necessitates the use of encapsulants that can withstand greater temperatures and exposure to UV light. 

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  Restraints:    Solar PV recycling is rather complicated. In terms of size, technology, composition, and condition, the EoL solar PV module flow is not uniform. Furthermore, current solar PV panels were not made to be recycled; performance and durability criteria have resulted in sandwich-like, sealed, and encapsulated constructions that make it challenging to separate the constituent parts. During recycling, solar encapsulating materials like polyvinyl butyral (PVB) and ethylene-vinyl acetate (EVA) can be challenging to separate. It is more difficult to separate and recover these materials since they are made to be strong and resilient to environmental influences. Long-term exposure to sunlight and other environmental conditions can cause encapsulation materials to deteriorate over time. China held the biggest revenue share in the Global Solar Encapsulation Market. This dominance is driven by factors such as substantial investment in renewable energy and the presence of leading solar panel manufacturers. Focus on infrastructure development and increasing infrastructure projects also contributes to the growing demand for solar encapsulation materials. Some of the key market players are First Solar, H.B. Fuller Company, Dow, DuPont, Exxon Mobil Corporation and LG Chem.

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Solar Encapsulation Market Share

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Crystalline Solar PV Backsheet Market Growth

Electrical Conduit Market Growth

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PVB Interlayers Market: Driving Safety, Aesthetics, and Sustainability

The Polyvinyl Butyral (PVB) interlayers market is experiencing robust growth, propelled by the escalating demand for safety, security, and enhanced performance in various glass applications. The PVB Interlayers Market is expected to register a CAGR of 6.6% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031. This impressive trajectory underscores PVB's critical role in modern construction, automotive, and renewable energy sectors.

At its core, PVB interlayer is a thin, tough, and flexible film sandwiched between two panes of glass to create laminated safety glass. Its exceptional properties, including strong adhesion to glass, optical clarity, impact resistance, and UV blocking capabilities, make it indispensable for applications where safety and security are paramount. In the event of breakage, the PVB interlayer holds the glass fragments together, preventing shattering and reducing the risk of injury.

The automotive industry remains a dominant force in the PVB interlayers market. With stringent safety regulations mandating laminated windshields and an increasing demand for advanced features like head-up displays (HUDs) and acoustic insulation, PVB interlayers are vital components. As vehicle production continues to rise globally, particularly in emerging economies, so too does the demand for high-performance PVB films that enhance occupant safety and comfort.

The construction sector is another major consumer, utilizing PVB interlayers in building facades, windows, doors, and skylights. The growing trend of modern architecture, which often incorporates large glass surfaces, coupled with a heightened focus on energy efficiency, sound insulation, and protection against natural disasters (e.g., hurricanes), is driving the adoption of PVB laminated glass. Standard PVB interlayers currently hold the largest share in this segment, though structural PVB is gaining traction for applications requiring enhanced rigidity and integrity.

Furthermore, the burgeoning photovoltaic (PV) industry presents a significant growth opportunity for PVB interlayers. PVB is widely used as an encapsulant in solar modules, protecting sensitive solar cells from environmental degradation while ensuring optical clarity and long-term durability. With the global push towards renewable energy sources and substantial investments in solar power projects, the demand for PVB in this segment is set to accelerate.

Geographically, Asia-Pacific is projected to emerge as the fastest-growing market, driven by rapid urbanization, substantial infrastructure development, and increasing automotive manufacturing in countries like China and India. North America and Europe, with their established industries and stringent safety standards, continue to be significant markets.

Despite challenges such as raw material price volatility and the emergence of alternative interlayers, continuous innovation by key players like Eastman Chemical Company, Kuraray, and Sekisui Chemical is ensuring the market's dynamism. Developments in bio-based PVB resins, smart interlayers with tunable transparency, and enhanced acoustic and solar control properties are poised to shape the future of the PVB interlayers market, solidifying its position as a critical enabler of safer, more efficient, and aesthetically pleasing glass solutions.

Author's Bio:

Nilesh Shinde

Senior Market Research expert at The Insight Partners

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Dive into Elevated Luxury: The Irresistible Appeal of Rooftop Pools

In the realm of high-end residential living, certain amenities stand out as true game-changers. Among these, the rooftop pool reigns supreme, transforming an ordinary apartment building into an extraordinary urban sanctuary. The image of Grace Apartments Nashville, potentially showcasing such a feature, perfectly encapsulates this elevated lifestyle. Let's explore why rooftop pools are so highly coveted and how they enhance the living experience.

The Sky-High Advantages of a Rooftop Pool:

Breathtaking Panoramas: Unlike their ground-level counterparts, rooftop pools offer residents unparalleled views of the cityscape. Imagine swimming or lounging with the iconic Nashville skyline as your backdrop – a truly unique and awe-inspiring experience.

An Oasis of Privacy: Elevated above the urban bustle, rooftop pools provide a sense of seclusion and tranquility. Residents can unwind and soak up the sun in a private retreat, far from the noise and prying eyes of street-level activity.

Smart Space Utilization: In densely populated cities like Nashville, maximizing space is crucial. Rooftop pools cleverly utilize otherwise often-underused roof areas, adding significant value and amenity without encroaching on ground-level space.

Extended Season Potential: Nashville's generally pleasant climate can be further enhanced by the natural solar heating of a rooftop pool, potentially extending the swimming season well beyond the typical summer months.

A Hub for Wellness and Recreation: Swimming is a fantastic full-body workout. Having a stunning rooftop pool readily accessible encourages residents to prioritize their health and well-being in an inspiring setting.

Fostering Community: Rooftop pools often become vibrant social hubs within a building. They provide a sophisticated setting for residents to connect, socialize, and build a sense of community while enjoying a shared luxury.

Elevated Property Value: The presence of a rooftop pool significantly boosts a property's desirability and market value. It's a key amenity that attracts discerning renters and buyers seeking a premium urban lifestyle.

Nashville's Luxury Living and the Rooftop Pool Trend:

Nashville's booming real estate market increasingly sees rooftop pools as a must-have amenity in luxury apartment buildings. These elevated aquatic retreats align perfectly with the city's vibrant and upscale living trends, catering to those who appreciate both urban convenience and exclusive leisure options.

Grace Apartments Nashville: Soaring to New Heights of Luxury?

If Grace Apartments Nashville features a rooftop pool, as the image suggests, it positions itself as a premier residential destination in the city. Residents could potentially indulge in the myriad benefits of this sky-high amenity, further enhancing their living experience and solidifying the building's status as a luxurious urban retreat.

The Future of Urban Amenities:

Rooftop pools represent a growing trend in urban development, reflecting a shift towards amenity-rich living spaces that prioritize resident experience. As cities become more densely populated, these elevated oases offer a unique blend of luxury, convenience, and escape, making them an increasingly valuable and sought-after feature in high-end residential buildings.

In conclusion, a rooftop pool is more than just a place to swim; it's a symbol of elevated living, offering a unique blend of breathtaking views, private relaxation, and social connection. For properties like Grace Apartments Nashville, it has the potential to be a defining amenity, offering residents an unparalleled urban lifestyle high above the vibrant energy of the city.

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Vinyl Acetate Polymers Market

Vinyl Acetate Polymers Market Size, Share, Trends: Celanese Corporation Leads

Shift Towards Sustainable and Bio-based Vinyl Acetate Polymers

Market Overview: The Vinyl Acetate Polymers Market is expected to develop at a 6.2% CAGR from 2024 to 2031. The market's worth is predicted to increase from USD XX billion in 2024 to USD YY billion by 2031. Asia-Pacific now dominates the market, with North America and Europe following closely after. Key metrics include the volume of vinyl acetate polymers produced, consumption patterns across industries, and raw material pricing trends.

The market is steadily expanding due to rising demand from the packaging industry, increased building activity around the world, and the growing acceptance of eco-friendly adhesives. Vinyl acetate polymers, noted for their versatility, outstanding adhesive qualities, and low cost, are increasingly important in a wide range of industries.

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Market Trends: A noteworthy trend in the vinyl acetate polymers market is a greater emphasis on sustainability and the development of bio-based alternatives. Manufacturers are investing in R&D to produce vinyl acetate polymers from renewable resources in response to rising environmental concerns and harsher restrictions.

For example, a major chemical manufacturer recently launched a new range of bio-based vinyl acetate ethylene (VAE) emulsions made partially from plant-based ingredients. This product has a 20% lower carbon footprint than standard petroleum-based VAE emulsions, while keeping comparable performance attributes.

Another rising trend is the utilisation of recycled content in vinyl acetate polymer manufacturing. A prominent manufacturer reported successfully using up to 30% recycled content in their polyvinyl acetate (PVA) adhesives without sacrificing product quality, responding to the growing need for circular economy solutions in the adhesives business.

As consumers and industries place a greater emphasis on sustainability, we can expect this trend to drive innovation and transform the vinyl acetate polymers market in coming years.

Market Segmentation: Ethylene vinyl acetate (EVA) is the largest section of the vinyl acetate polymer market. Its dominance is due to its vast range of applications, which include packaging films, adhesives, solar panel encapsulants, and foam materials.

The EVA category has grown significantly in recent years, particularly in the packaging and solar energy industries. For example, the use of EVA in solar panel encapsulation has increased by 20% per year over the last three years, owing to the rapid growth of the solar energy industry.

Because of its lightweight and cushioning characteristics, EVA has become a popular midsole material in the footwear industry. A major sports footwear maker recently said that 70% of their new shoe models now have EVA in the midsole, up from 50% three years ago.

The EVA segment also benefits from continuous R&D efforts to improve its characteristics and broaden its applications. For example, recent improvements in EVA foam technology have resulted in the development of new automobile interior materials with increased sound insulation and impact resistance.

Market Key Players:

Celanese Corporation

Dow Inc.

Wacker Chemie AG

Sinopec Group

LyondellBasell Industries N.V.

Kuraray Co., Ltd.

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: https://aurorawaveintellects.com/

[forblogmostly]

Servotech's New Chapter: Embracing a Green Energy Future

On December 19, 2024, Servotech Power Systems Ltd., a name long associated with innovation in solar products and EV charging solutions, announced a transformative rebranding initiative. The company has officially adopted a new identity as Servotech Renewable Power System Limited. This evolution signifies much more than a name change; it represents a bold leap toward aligning the company’s operations with its vision of “Produce Green to Live Green.”

Servotech’s journey began with its focus on power conditioning products, carving a niche as a trusted manufacturer. Over the past decade, however, the organization steadily transitioned toward the renewable energy domain, developing state-of-the-art solar products and electric vehicle (EV) chargers. This strategic rebranding encapsulates the culmination of this journey, highlighting its dedication to fostering a sustainable energy landscape.

Raman Bhatia, the visionary Founder and Managing Director of Servotech Renewable Power System Ltd., shared his excitement about the company's new identity. He explained, “Our roots are in power conditioning, but our future is in green energy. This rebranding reflects our unwavering commitment to driving the adoption of clean energy solutions. Producing green energy is essential for living green, and we are fully committed to this vision.”

With its refreshed identity, Servotech is set to unlock unparalleled opportunities in the evolving energy sector. The company is poised to make significant contributions to global decarbonization efforts by pioneering innovative technologies that reduce environmental impact. Its “Produce Green to Live Green” philosophy stands as a testament to this commitment, emphasizing the importance of renewable energy in achieving a cleaner, sustainable future.

The company’s rebranding also strengthens its position in the energy market. Servotech aims to empower industries and communities alike by delivering solutions that facilitate the transition to sustainable energy systems. Through its cutting-edge products and comprehensive engineering expertise, the company envisions not just a greener future but also enduring value for its customers and stakeholders.

A Legacy of Innovation and Impact Servotech Renewable Power System Ltd. is an NSE-listed organization renowned for its tech-enabled EV charging solutions and pioneering advancements in solar technology. Over two decades, the company has earned a reputation for excellence in the electronics and renewable energy sectors. Its wide array of AC and DC chargers is compatible with various EVs and serves diverse applications, catering to both commercial and domestic needs.

As the demand for clean energy solutions intensifies, Servotech remains at the forefront of innovation, focusing on the development of India’s EV technology infrastructure. With a robust pan-India presence and a legacy of delivering cutting-edge technologies, the company’s transformation reflects its resolve to lead the green energy movement.

For further updates and inquiries, readers can reach out to Servotech’s corporate communications or investor relations teams or visit their official website, Servotech.in.

The rebranding marks a significant milestone in Servotech’s history. As it embarks on this new chapter as Servotech Renewable Power System Limited, the company reiterates its commitment to sustainability, innovation, and creating a world powered by clean energy.

[nithishkumble]

Ethylene Vinyl Acetate Resins Market

Ethylene Vinyl Acetate (EVA) Resins Market Size, Share, Trends: ExxonMobil Corporation Leads

Growing Adoption of EVA Resins in Photovoltaic Module Encapsulation Drives Market Growth

Market Overview:

The global Ethylene Vinyl Acetate (EVA) Resins market is expected to develop at a 5.8% CAGR between 2024 and 2031, reaching USD YY billion by 2031. Asia-Pacific dominates the market, with YY% of the worldwide share. Key metrics include expanding demand in the packaging and solar industries, increased usage in automotive applications, and a greater emphasis on sustainable EVA formulations.

The EVA resins market is growing steadily due to its versatile features and wide range of applications. Factors such as the thriving packaging industry, rising solar energy installations, and the transition to lightweight materials in automobile manufacture are driving market growth. The industry is experiencing a boom in R&D activity to improve EVA characteristics and explore new application areas.

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Market Trends:

The EVA resins market is showing a notable trend of rising adoption in photovoltaic module encapsulation. The global push for renewable energy sources, as well as the rapid growth of the solar power industry, are driving this transition. EVA resins serve an important function in protecting solar cells from environmental damage and increasing their efficiency. Major EVA manufacturers are spending in R&D to create specialised grades that are more UV resistant and durable for solar applications. Collaborations between EVA producers and solar panel manufacturers are also on the rise, with the goal of optimising encapsulant compositions for next-generation photovoltaic technology.

Market Segmentation:

The film application segment dominates the EVA resins market, accounting for over YY% of the global market share. EVA films have exceptional clarity, flexibility, and barrier qualities, making them ideal for a variety of applications including food packaging, greenhouse films, and solar panel encapsulation. This segment's dominance is due to rising demand for flexible packaging solutions and increased use of EVA films in agricultural applications.

Recent advances in EVA film manufacturing have resulted in the creation of high-performance grades with superior characteristics. For example, a major EVA producer recently introduced a new grade of EVA film with increased puncture resistance and thermal stability, specifically suited for demanding packaging applications. This invention has helped the corporation gain a larger market share in the premium packaging area.

Market Key Players:

ExxonMobil Corporation

DuPont de Nemours, Inc.

LyondellBasell Industries N.V.

Celanese Corporation

Hanwha Solutions Corporation

Formosa Plastics Corporation

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

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EVA Film for Solar Cells Market to Witness a CAGR of 7.55%, Reaching USD 10.95 Billion by 2032

Market Overview: EVA Film for Solar Cells Market

The EVA (Ethylene Vinyl Acetate) Film for Solar Cells Market is witnessing robust growth, fueled by the rapid expansion of the solar energy sector globally. EVA films play a critical role in photovoltaic (PV) module manufacturing, acting as encapsulants that protect solar cells from environmental damage while enhancing light transmission and durability.

The EVA Film for Solar Cells Market was valued at USD 5.69 billion in 2023 and is expected to grow to USD 6.12 billion in 2024, reaching approximately USD 10.95 billion by 2032. This represents a compound annual growth rate (CAGR) of around 7.55% during the forecast period from 2025 to 2032.

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EVA Film for Solar Cells Market Companies Are:

Eastman ,Sekisui Chemical ,Mitsubishi Chemical ,Chang Chun Petrochemical ,Hanwha Solutions ,Dow ,LyondellBasell ,DuPont ,ExxonMobil ,Solvay ,Covestro ,SABIC ,Kuraray ,JSR ,PolyOne

The market is driven by increasing investments in renewable energy projects, supportive government policies, and technological advancements in solar panel efficiency. EVA films are preferred due to their high transparency, elasticity, and excellent adhesion to glass and solar cells, ensuring the longevity and efficiency of PV modules.

The rising demand for energy security, coupled with global commitments to reduce carbon emissions, is pushing solar energy adoption, thereby propelling the EVA film market. Innovations in film formulations to improve thermal stability, UV resistance, and recyclability are also shaping market dynamics.

DROC Analysis (Drivers, Restraints, Opportunities, and Challenges):

Drivers:

Rising Solar Energy Demand: The global shift toward renewable energy sources drives the adoption of solar power, increasing the need for EVA films in PV module manufacturing.

Government Incentives and Policies: Subsidies, tax benefits, and renewable energy targets worldwide are promoting solar energy projects, indirectly boosting EVA film demand.

Technological Advancements in Solar Panels: Innovations in PV technologies, including bifacial and high-efficiency modules, are increasing the utilization of high-performance EVA films.

Durability and Protection: EVA films offer superior encapsulation properties, ensuring the longevity and performance of solar modules in diverse environmental conditions.

Restraints:

High Initial Costs: The manufacturing of EVA films with enhanced properties requires advanced technology, increasing production costs.

Competition from Alternatives: Other encapsulants, such as polyolefin films, are gaining traction due to their improved durability and recyclability.

Volatile Raw Material Prices: Fluctuations in the cost of EVA resin and additives can impact profit margins for manufacturers.

Discover In-Depth Insights on the EVA Film for Solar Cells Market  Share Report

Opportunities:

Emerging Markets: Rapid solar power adoption in developing regions like Asia-Pacific, Latin America, and Africa provides significant growth opportunities.

Recyclability Innovations: Development of recyclable EVA films to align with sustainability goals and circular economy initiatives is a key growth driver.

Advanced PV Modules: Growing demand for innovative solar panels, such as flexible and transparent modules, creates new avenues for specialized EVA films.

Off-Grid Solar Systems: Expanding applications of solar power in remote and off-grid locations increase the demand for reliable encapsulants like EVA films.

Challenges:

Quality Consistency: Maintaining consistent quality in EVA films across large-scale production can be challenging for manufacturers.

Environmental Concerns: Non-recyclable EVA films contribute to waste challenges in solar panel end-of-life management, necessitating eco-friendly alternatives.

Market Saturation in Developed Regions: High solar energy penetration in regions like Europe and North America may slow market growth in these areas compared to emerging economies.

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Electronic Adhesives Market - Forecast (2024-2030)

Electronic Adhesives Market Overview

Electronic Adhesives Market Size is forecast to reach $ 6,820 Million by 2030, at a CAGR of 6.50% during forecast period 2024-2030. Electronic adhesives are used for circuit protection and electronic assembly applications such as bonding components, wire tacking, and encapsulating electronic components. The use of electronic adhesives in manufacturing components for electric vehicles such as printed circuit boards, lithium-ion batteries, and battery pack assemblies are facilitating growth of the market. Growing adoption of surface mounting technology to replace welding and soldering is one of the prominent trends in the electronics industry, shaping the demand for electronics adhesives.

Report Coverage

The report: “Electronic Adhesives Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Electronic Adhesives Industry.

By Type: Thermal Conductive, Electrically Conductive, Ultraviolet-Curing and Others.

By Resin Type: Epoxy, Cyanoacrylates, Polyamides, Phenolic, Silicones, and Others (Acrylics, and Polyurethane)

By Application: PCB’s, Semiconductor, and Others

By End-User Industry: Consumer Electronic (Wearable Devices, LEDs & TVs, Smart Phones & Tablets, Computers, Laptops, and Others), Healthcare, Energy & Power (Solar, Wind, and Others), Telecom Industry, Transportation (Automotive (Passenger Vehicles, Light Commercial and Heavy Commercial Vehicles), Marine, Locomotive, and Aerospace), Oil & Gas, Chemical, Pulp & Paper, and Others. 

By Geography: North America, South America, Europe, APAC, and RoW

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Key Take away

In 2020, North America held the largest share after APAC. Due to growing demand for electronic adhesives in electronics and telecommunication industry. The US hold the largest share in the region over the forecast period.

Growing adoption of electric vehicles is expected to provide a major growth opportunity for the market.

Emission of Volatile Organic Compounds (VOC’s) may deter the market's growth during the forecasted period.

COVID-19 has hindered the market growth owing to the disruption of supply chain and worldwide lockdown.

Electronic Adhesives Market Segment Analysis - By Type

Electrically Conductive segment held the largest share of more than 30% in the electronics adhesives market in 2020. Electrically Conductive are used in various industry verticals such as aerospace, automotive, medical, and telecom products. Electrically conductive is an excellent solution for making electrical contacts on PCBs and other temperature-sensitive substrates, as their curing temperature is below the soldering temperature. An increase in demand for Anisotropic Conductive Adhesives (ACA) in LCD connections, PCBs, and bonding antenna structures further boost the demand for the market. Electric conductive are also used in the LED industry for their capacity to serve as stable electrical contacts by absorbing mismatches, which will likely boost the market's growth for the forecasted period.

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Electronic Adhesives Market Segment Analysis - By Resin Type

Epoxy segments held the largest share of more than 25% in the market in 2020. Epoxy is widely used in electronic applications, either in two-part or single-part heat cure products. Epoxy has good resilience against environmental and media influences, it has a dry and non-tacky surface which is perfect to be used as a protective coating and is widely used in adhesives, plastics, paints, coatings, primers and sealers, flooring, and other. Curing epoxy adhesives can take place either at room or elevated temperature or through photoinitiators and UV light. Modern photoinitiators also react to the special UV spectrum of LED light sources, so that newly developed epoxide resin adhesives can be cured with both UV and UV LED light. Some epoxies exhibit optical properties and diffraction indexes, making them useful for applications in precision optics, lens bonding, and information technology, which will further boost the market's growth.

Electronic Adhesives Market Segment Analysis - By Application

Printed Circuit Boards (PCBs) segment held the largest share of more than 35% in the market in 2020. Electronic adhesives are used as a conformal coating in PCBs. Adhesive is used in wire tracking, potting & encapsulation of components, conformal coatings of circuit boards, and bonding of surface mount components. PCBs are highly reliable, cheap, less chance of short circuit, easily repairable, and are compact in size. The growing uses of laptops, smartphones, and household appliances coupled with developing living standards further drive the growth of PCB. Whereas, the growing uses of PCB’s in automotive, industrial & power equipment, control & navigation systems, and aerospace monitoring also contribute to the market growth. According to Aerospace Industries Association (AIA) report, in 2018, aerospace and defense exports amounted to $151 billion, an increase of 5.81% from the previous year, and civil aerospace accounted for the majority of exports with $131.5 billion.

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Electronic Adhesives Market Segment Analysis - By End-User Industry

Consumer Electronics segment held the largest share of more than 30% in the Electronic Adhesives Market in 2020. Rapid urbanization and increase in the development of new technology have propelled the demand for consumer electronics. As per the United Nations, 55% of the world’s population lives in urban areas, which propel the demand for consumer electronics. The growing demand for lightweight and portable equipment such as smartphones, laptops, and digital cameras are playing a significant role in boosting the demand for the market. As per a report released by Nexdigm Private Limited, a private company, the global electronics industry is expected to reach $7.3 trillion by 2025, which will significantly propel the demand for the market during the forecasted period.

Electronic Adhesives Market Segment Analysis - By Geography

Asia-Pacific held the largest share of more than 45% in the Electronic Adhesives Market in 2020. China, India, and Japan are the major contributors to the growth of Electronic Adhesives Market in APAC. The large consumer base, developing manufacturing sector, and increase in middle-class population along with smart city projects are major factors for the market growth. As per the Indian Brand Equity Foundation (IBEF) report released in 2020, electronics manufacturing in India is expected to reach $163.14 billion by 2025, and demand for electronics hardware in India is expected to reach US$ 400 billion by 2024. The shifting of production lines to the APAC region for the low cost of production and the ability to serve the local emerging market is another factor for the growth of the market in the region.

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Electronic Adhesive Market Drivers

Growing Need for Miniaturized Electronic Products 

Growing demand for low-cost, reliable, and miniaturized electronic devices from consumers propel the market's growth. The increasing demand for miniaturized products has led to the development of smaller electrical components, which occupy less area. The need for smaller and thinner consumer electronics devices is a new trend among consumers. The surface mount technology helps in using and assembling much smaller components, thus facilitating a smaller, portable, and lightweight electronic device. Pocket calculators, smartwatches & other wearable devices are some of the examples. Such miniature devices will further drive the demand for electronic devices and in return will boost the demand for the Electronic Adhesives Market as they are used in manufacturing these devices.

Introduction of 5G Network 

Introduction 5G networks are planned to increase mobile broadband speeds and added capability for 4K/8K video streaming, virtual reality (VR) or augmented reality (AR), Internet of Things (IoT), and mission-critical applications. Introduction of 5G will boost the telecommunication industry, with better coverage, and internet speed, which also create a demand for Electronic Adhesives Market as they are used in manufacturing telecom devices. 5G will transmit data ten times faster than 4G and is set to take hold in 2020. This will spark a revolution in many industries such as electronic, energy, medical, automotive, defense, aerospace and others, which will boost the market's growth. 5G will impact the viewing experience for consumer, with its VR & AR which will further boost the demand for consumer electronic industry, which in return will boost the demand for electronic adhesive market.

Electronic Adhesive Market Challenges

Technological Changes & VOC Emission

The market is facing challenges due to technological changes. Shorter leads can damage temperature-delicate components in several applications and to overcome such obstacles electrical components should be assembled after soldering. However, this hampers productivity due to higher costs of production and time consumed in the manufacturing process. Growing concern over the emission of volatile organic compounds (VOCs) is expected to hamper the market growth over the coming years. During the manufacturing of electronics adhesives, VOC is discharged that may pose health and environmental concerns. VOCs are the major contributors to smog and ozone formation at low atmospheric levels.    

Emergence of COVID 19

The COVID-19 pandemic continues to unfold everyday with severe impact on people, communities, and businesses. And the Electronic Adhesives Market was no exceptional, as the global production facilities of the electronics, parts have been reduced due to the logistics slowdown and unavailability of the workers. Furthermore, various e-commerce sites had discontinued the delivery of non-essential items which included electronics devices, which affected the electronic industry.

Electronic Adhesive Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Electronic Adhesives Market. In 2020, the market of electronic adhesives has been consolidated by the top 10 players accounting for xx% of the share. Major players in the Electronic Adhesives Market are BASF SE, Panacol-Elosol GmbH, 3M Co., H.B. Fuller Co., Henkel AG & Co. KGaA, Hitachi, Ltd., Mitsui & Co., Ltd., Bostik, Inc., Chemence Inc., tesa SE, Parker Hannifin Corp., Meridian Adhesives Group, among others.

Acquisitions/Technology Launches

In November 2019, Bostik, Inc., announced it has launched a new range of innovative engineering adhesives Born2Bond™, for bonding applications in automotive, electronics, luxury packaging, and medical devices. With this new launch Bostik will not only expand its product portfolio but also expand it offering to various industries, which will further drive the market's growth.  

In September 2020, Meridian Adhesives Group, a leading manufacturer of high-value adhesives technologies has announced that the “Company” would be serving the Electric Vehicles Market and provide its adhesive solution, with this announcement Meridian Adhesives would expand its product offering in automobile industry, which will further derive the market's growth.

Key Market Players:

The Top 5 companies in Electronic Adhesives Market are:

Panacol-Elosol GmbH

3M 

H.B. Fuller Company

Henkel AG & Co.KGaA

Parker Hannifin Corp.

[novasysgreenergy]

Top 10 Solar Panel Companies in India: A Comprehensive Review

As the world continues to shift towards renewable energy sources, solar power has emerged as one of the most promising and accessible alternatives to fossil fuels. India, with its abundant sunlight, is an ideal market for solar energy solutions, and the solar industry in the country has seen rapid growth in recent years. If you're looking to invest in solar energy, understanding which companies lead the market can help you make an informed decision. In this blog, we’ll review the best solar panel company in India and offer a comprehensive overview of the top 10 solar panel companies, including their innovations and contributions to the industry.

1. Tata Power Solar Systems

Tata Power Solar is one of the oldest and most trusted names in the Indian solar industry. A subsidiary of Tata Power, this company has been pioneering solar power projects for over three decades.

Product Range: Tata offers a wide variety of solar panels, including high-efficiency mono and polycrystalline panels.

Innovation: Tata Power Solar is renowned for its high-performance products and reliability. They also offer solar rooftop solutions for residential, commercial, and industrial applications.

2. Novasys Greenergy

Novasys Greenergy is rapidly becoming a name to reckon with in the solar industry, offering a range of advanced technologies including bifacial mono PERC solar panels, which are designed to enhance energy efficiency by capturing sunlight from both sides of the panel.

Product Range: Their solar panels are well-suited for residential, commercial, and industrial applications. Novasys Greenergy stands out for its emphasis on innovation, ensuring that their products meet the highest quality standards.

Sustainability Commitment: With a focus on green energy, Novasys Greenergy is positioning itself as one of the best solar panel companies in India by driving eco-friendly and energy-efficient solutions.

3. Adani Solar

A part of the Adani Group, Adani Solar has quickly gained prominence in the solar energy sector. The company offers solar PV modules and services across various market segments.

Product Range: They manufacture both monocrystalline and polycrystalline panels, catering to a variety of energy needs.

Capacity: With a strong manufacturing base, Adani Solar is a leader in solar panel production in India, delivering both high capacity and high efficiency.

4. RenewSys India

RenewSys is a prominent solar panel manufacturer in India, providing high-quality solar PV modules and encapsulants. They are known for their high-performance solar modules that cater to diverse market needs.

Product Range: From residential to industrial applications, RenewSys offers various types of solar panels, including bifacial solar modules.

Sustainability: Their focus on delivering cost-effective yet durable solutions makes them a go-to option for many businesses and households.

5. Waaree Energies

One of the largest solar panel manufacturers in India, Waaree Energies has a significant market share due to their high production capabilities and reliable products.

Product Range: They produce a variety of solar panels, including monocrystalline and polycrystalline modules, known for their durability and efficiency.

Global Presence: Waaree’s solar panels are used not only in India but also in international markets, further solidifying their reputation as a top player in the industry.

6. Vikram Solar

Vikram Solar is another leading player in the Indian solar market, known for its high-quality solar products and services. With a focus on innovation and sustainability, Vikram Solar has established itself as a reliable partner in the renewable energy sector.

Product Range: The company manufactures monocrystalline and polycrystalline solar panels with high efficiency.

Innovation: Vikram Solar is particularly known for its research and development efforts, constantly pushing the envelope in solar technology.

7. Loom Solar

Loom Solar is a relatively new entrant to the solar industry, but it has quickly built a reputation for providing affordable and efficient solar solutions.

Product Range: They focus on providing solar solutions for the residential sector, offering high-quality monocrystalline solar panels.

Affordability: Loom Solar’s competitive pricing strategy has made it a popular choice for homeowners looking to switch to solar energy.

8. EPC Solar Solutions

EPC Solar is primarily a solar power solutions provider that focuses on end-to-end project management, including design, supply, installation, and maintenance of solar systems.

Product Range: EPC specializes in large-scale installations, including solar farms and commercial rooftop solutions.

Expertise: Their expertise in managing large-scale projects makes them a key player in India’s solar sector.

9. Azure Power

Azure Power is one of India’s leading solar power producers, with a strong presence in both the residential and commercial sectors. Azure focuses on providing cost-effective solar power through its vast portfolio of solar plants across India.

Product Range: Azure offers solar PV systems and installation services for both small-scale and large-scale projects.

Sustainability Focus: Azure’s emphasis on creating sustainable solar power solutions has made it a leader in India’s renewable energy sector.

10. Emmvee Solar

Emmvee Solar is known for its innovation in solar thermal and photovoltaic technologies. They have a strong manufacturing base in India and offer a wide range of solar products.

Product Range: Emmvee produces both polycrystalline and monocrystalline solar panels, suitable for both residential and industrial applications.

Customer Focus: The company is known for its customer-centric approach, offering custom solutions based on the energy needs of its clients.

Conclusion: The Future of Solar Energy in India

As India continues to move towards a greener and more sustainable future, the solar industry will play a critical role in reducing the country’s carbon footprint. Choosing the best solar panel company in India is essential for ensuring a successful and efficient solar installation. Whether you're looking for cutting-edge technologies like bifacial mono PERC solar panels or more cost-effective solutions, companies like Novasys Greenergy and others mentioned in this list provide top-tier options to meet various energy needs.

Investing in solar energy is not just about saving on electricity bills; it’s about contributing to a cleaner, greener planet. With many of these companies pushing the boundaries of innovation, the future of solar energy in India looks bright, offering sustainable solutions for generations to come.

Also Read:

Maintenance Tips for Maximizing Solar Panel Lifespan in Solar Farms

The Importance of Choosing the Right Half Cut Solar Panels

Originally published at https://novasysgreenergy.blogspot.com

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Godrej Sky Greens: Redefining Luxury Living in Kharadi, Pune

In the bustling heart of Kharadi, Pune, Godrej Sky Greens emerges as a beacon of modern living. With its stunning architecture, lush greenery, and a commitment to sustainable living, this residential complex encapsulates the essence of an aspirational lifestyle.

Whether you are a young professional, a growing family, or an astute investor, Godrej Sky Greens offers a harmonious blend of luxury, comfort, and convenience, making it an ideal choice for discerning homebuyers.

The Allure of Kharadi

A Thriving Locale

Kharadi, once a quiet suburb, has transformed into one of Pune's most sought-after residential areas. The strategic location near the Pune International Airport and major IT hubs has made it a hotspot for professionals and families alike. The presence of world-class amenities, schools, hospitals, and shopping centers has further enhanced its appeal, making Kharadi a vibrant community to live in.

Connectivity and Accessibility

One of the standout features of Kharadi is its excellent connectivity. Major highways and expressways provide seamless access to neighboring areas such as Viman Nagar, Koregaon Park, and Hadapsar. The Pune Metro project, which is in progress, promises to further improve public transportation options, making daily commutes easier for residents of Godrej Sky Greens.

Luxurious Living at Godrej Sky Greens

Modern Design and Architecture

Godrej Sky Greens boasts a contemporary architectural design that harmonizes with the natural surroundings. The residential towers are crafted with precision, featuring spacious layouts and ample natural light. With a focus on eco-friendly construction practices, the development ensures that residents enjoy a sustainable lifestyle without compromising on luxury.

Premium Amenities

The complex offers an array of amenities designed to enhance the living experience of its residents. From a state-of-the-art fitness center and swimming pool to landscaped gardens and children's play areas, Godrej Sky Greens caters to all age groups. The project also includes dedicated spaces for yoga, meditation, and recreational activities, promoting a healthy and active lifestyle.

Spacious Residences

At Godrej Sky Greens, residents can choose from a variety of thoughtfully designed apartments that cater to diverse needs. The spacious living areas are complemented by modern kitchens and stylish bathrooms, ensuring that every home is a sanctuary. Large balconies provide stunning views of the surrounding greenery, allowing residents to connect with nature from the comfort of their homes.

Investment Potential

Real Estate Growth in Kharadi

Investing in real estate at Godrej Sky Greens presents a lucrative opportunity for potential homeowners and investors. Kharadi's rapid development has led to an increase in property values, making it a promising market for long-term investment. The demand for residential spaces in this area continues to grow, driven by the influx of IT professionals and families seeking quality living environments.

Rental Yield Prospects

For investors considering rental options, Godrej Sky Greens is an attractive choice. With its prime location and modern amenities, the complex is likely to attract tenants looking for quality living spaces. The rental demand in Kharadi remains strong, ensuring good returns on investment for landlords.

Lifestyle and Community Living

Engaging Community Spaces

Godrej Sky Greens in Kharadi fosters a sense of community through its thoughtfully designed communal spaces. Residents can enjoy interactions with their neighbors in shared gardens, lounges, and recreational areas. Regular community events and activities further strengthen the bonds between residents, creating a welcoming atmosphere.

Emphasis on Sustainability

Sustainability is at the core of the Godrej Group’s philosophy, and Godrej Sky Greens exemplifies this commitment. The development features rainwater harvesting systems, solar panels, and green building practices that minimize its ecological footprint. Residents can take pride in living in a community that prioritizes environmental responsibility.

Local Attractions and Conveniences

Educational Institutions

Families living at Godrej Sky Greens will benefit from proximity to some of Pune's best educational institutions. Renowned schools and colleges are easily accessible, ensuring quality education for children. Institutions like the D.Y. Patil International School and the Indira College of Commerce and Science are just a short drive away.

Healthcare Facilities

Access to quality healthcare is a significant consideration for families, and Kharadi does not disappoint. Numerous healthcare facilities, including the Columbia Asia Hospital and the Sassoon General Hospital, are within reach. This ensures that residents have access to top-notch medical care when needed.

Shopping and Entertainment

Kharadi is home to several shopping centers and entertainment venues, making it a convenient location for residents of Godrej Sky Greens. Popular malls like Phoenix Market City and Inorbit Mall offer a plethora of shopping and dining options. The area is also dotted with cafes, restaurants, and recreational spots, providing ample opportunities for leisure and entertainment.

Conclusion

Godrej Sky Greens stands as a testament to luxury living in Kharadi, Pune. With its premium amenities, strategic location, and commitment to sustainability, it is not just a residential complex but a lifestyle choice that caters to the aspirations of modern families and professionals.

Whether you are looking for a new home or an investment opportunity, Godrej Sky Greens offers the perfect blend of comfort, style, and convenience in one of Pune's most vibrant neighborhoods. Don't miss the chance to be part of this thriving community and elevate your living experience to new heights.

FAQs

What types of apartments are available at Godrej Sky Greens?

Godrej Sky Greens offers a range of apartment types, including 1 BHK, 2 BHK, and 3 BHK units, catering to various family sizes and preferences.

How is the connectivity from Godrej Sky Greens to major IT hubs?

The location of Godrej Sky Greens in Kharadi ensures excellent connectivity to major IT parks and hubs, including the EON Free Zone and the World Trade Center, making it ideal for working professionals.

Are there schools nearby Godrej Sky Greens?

Yes, there are several reputable schools and educational institutions located near Godrej Sky Greens, providing quality education options for families.

What amenities does Godrej Sky Greens offer?

Godrej Sky Greens provides a range of amenities, including a fitness center, swimming pool, landscaped gardens, children's play areas, and dedicated spaces for yoga and meditation.

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Servotech Partners with LESSzwei GmbH for Solar-Powered EV Charging in Germany

On December 9, 2024, Servotech Power Systems Limited, a leading name in EV charger manufacturing in India, announced a groundbreaking partnership with LESSzwei GmbH (LESS2). This collaboration marks a pivotal step towards creating 100% solar-powered EV charging infrastructure specifically designed for micromobility in Germany. This ambitious project aligns with global efforts to foster sustainable development in urban transportation systems.

Servotech’s strategic alliance with LESSzwei GmbH, a renowned German enterprise committed to sustainable infrastructure, is centered on a project named "EnerMAAS." This initiative is set to revolutionize the micromobility sector by introducing AI-driven energy management systems. These systems aim to optimize energy consumption while minimizing environmental impact. At its core, EnerMAAS will transform existing photovoltaic systems and energy storage setups into innovative street charging points known as BIKE-Ports. These advanced charging stations will rely entirely on solar energy, enabling fast and reliable charging for micromobility vehicles such as e-bikes, e-scooters, and e-cargo bikes. Each station will support simultaneous charging of four two-wheelers with a combined output of 3.3 kW, ensuring accessibility and efficiency around the clock.

The project has secured grant financing from the Federal Ministry for Economic Affairs and Climate Action (BMWK) in Germany and is slated for completion over 2.7 years. Servotech will spearhead the manufacturing and supply of these solar-powered EV charging stations, while LESSzwei GmbH will focus on the integration of Artificial Intelligence and app development. To initiate the project, Servotech will deploy the first 100 systems across 50 selected cities in Germany, establishing two charging stations per city.

Raman Bhatia, Founder and Managing Director of Servotech Power Systems Limited, expressed his enthusiasm for this collaboration, stating, “We are excited to partner with LESSzwei GmbH on this groundbreaking project. This collaboration aligns perfectly with Servotech’s vision of accelerating the adoption of sustainable energy solutions and establishing a strong international footprint. By leveraging our expertise in solar energy and EV charging infrastructure, we are confident that the EnerMAAS project will revolutionize the way we power micromobility in German urban areas.”

The partnership symbolizes a significant advancement in the quest for sustainable and efficient urban transportation systems. By blending Servotech’s extensive experience in solar energy and EV charging with LESSzwei’s cutting-edge IT technology and energy management solutions, the project promises to deliver transformative results for Germany’s growing micromobility market.

About Servotech Power Systems Limited, the company is an NSE-listed entity with over two decades of expertise in electronics and EV charging solutions. Servotech offers a comprehensive range of AC and DC chargers suitable for a variety of commercial and domestic applications. With a robust pan-India presence, the company has established itself as a trusted brand, consistently pushing the boundaries of innovation in EV infrastructure development.

This collaboration between Servotech and LESSzwei GmbH not only advances Germany’s green energy goals but also sets a benchmark for sustainable urban mobility solutions worldwide. The project encapsulates the shared vision of both companies to create a cleaner, greener future for urban transportation systems.