Allied Market Research

2024

Pv Ribbon Market

PV Ribbon Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Application and, by End Use : Global Opportunity Analysis and Industry Forecast, 2023-2032

EP : Green/Alternative/ Renewable Energy

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Author's: | Eswara Prasad
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PV ribbons are typically copper electrodes that have been coated with either hot-dipped solder or electrolytic tin and are used in solar panels. The ribbon interlocks solar cells in a photovoltaic solar module by fusing solar cells straight on silicon crystals. Copper is commonly used as a foundation material in PV ribbons, but aluminium alloys can be utilized as a base material on occasion. The coating structure and thickness are also important factors in defining the coating's dependability and robustness in PV ribbons. When developing PV ribbons, numerous key aspects must be addressed, including yield strength, elongation, camber, and winding. PV ribbons, solar modules, and the total solar energy system's performance are all affected by these elements. Solar cells with a low yield strength are less likely to break. As a result, optimising overall module power while retaining high elongation and minimal camber is desirable for the ribbon and module to perform properly.

COVID-19 Impact analysis

  • COVID-19 has had a significant influence on the global PV ribbon market, mostly by disrupting production and demand facilities, disrupting supply chains and marketplaces, and having a financial impact on enterprises and financial markets owing to global lockdowns.
  • China is one of the most affected countries because it is one of the world's main producers and consumers of PV Ribbon. PV Ribbon demand fell in 2020 as a result of China's total shutdown.

Top Impacting Factors

Governments and authorities have been obliged to shift their focus away from fossil fuels like coal and crude oil and toward green and renewable energy sources due to increased energy demand and concerns about global warming. As a result, renewable energy sources such as solar, wind, hydro, and geothermal have grown in popularity and investment around the world. Solar is one of the major sources of renewable energy, in which countries are investing heavily. The PV ribbon is usually a copper conductor that has been coated with either hot-dipped solder or electrolytic tin and is used in solar panels. This growth in the renewable energy will be profitable for the PV Ribbon Market. The PV Ribbon Market is expected to expand due to the rising attention of businesses in the energy and power industry on lowering their cost of operations in order to improve their profitability. COVID-19 has had a significant influence on the global PV ribbon market, primarily by disrupting production and demand facilities, causing supply chain and market disruption, and having a financial impact on enterprises and financial markets owing to global lockdowns.

Market Trends

  • Luvata Special Products has been acquired by Mitsubishi Materials Corporation, a multinational business with operations in 29 countries. The transaction pushes MMC's copper-processing business's global expansion and diversifies its business portfolio, while also boosting Luvata Special Products' growth in line with MMC's business resources and strategy.
  • Geba Cables, a provider of elevator cable goods, was acquired by Lafayette Mittelstand Capital from Gebauer & Griller, a global manufacturer of automotive, elevator, and industrial technology solutions.

Key Benefits of the Report

  • This study presents the analytical depiction of the PV ribbon’ industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the PV ribbon market share.
  • The current market is quantitatively analysed to highlight the PV RIBBON market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed PV ribbon market analysis based on competitive intensity and how the competition will take shape in coming years

PV Ribbon Market Report Highlights

Aspects Details
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By Type
  • Connection
  • Bustar
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By Application
  • Solar battery
  • Solar modules to the junction box
  • Film substrate
  • Others
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By End Use
  • Aerospace
  • Defense & Government Service
  • IT & Telecommunication
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

YourBuddy, Bruker-Spaleck, SHENMAO Technology, Hitachi Cable, Sveck, Baoding Yitong PV Science & Technology, E Sun New Material, Sanysolar, Ulbrich Precision Flat Wire, Kunming Sunlight Science and Technology, Jiangsu Sun Group

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PV Ribbon Market

Global Opportunity Analysis and Industry Forecast, 2023-2032