PV Ribbon Market: Global Industry Analysis and Forecast (2024-2030)


PV Ribbon Market is expected to grow at a CAGR of 7.3% during the forecast period. Global PV Ribbon Market is expected to reach US$ 1.72 Bn by 2030

The global PV Ribbon market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global PV Ribbon market report also provides trends by market segments, technology, and investment with a competitive landscape.

PV Ribbon Market Overview:

Solar panels form an essential part of a solar energy system, which transforms solar energy into heat or electricity. The PV ribbon is normally a copper electrode, coated with either hot-dipped solder or electrolytic tin, and is mainly used in solar panels. The ribbon interlocks solar cells in a photovoltaic solar module by fusing them straight on silicon crystals. In PV ribbons, copper is mainly used as a base material, whereas aluminium alloys can also be used as a base material intermittently. Coating configuration and thickness also play a vital role in determining the reliability and strength of the coating in PV ribbons.PV Ribbon MarketTo know about the Research Methodology :- Request Free Sample Report

PV Ribbon Market Dynamics:

Snowballing response for energy and mounting concerns about global warming have forced governments and authorities to swing their focus from fossil fuels such as coal and crude oil towards green and clean sources of energy. This has caused the growing popularity of investments in renewable energy sources such as wind, hydro, solar, and geothermal across the globe.

With the endorsement of the Paris Agreement, governments across the world are investing deeply in renewable energy. Solar is one of the chief sources of renewable energy, in which countries are investing profoundly. According to the International Renewable Energy Agency, the overall global installed solar capacity stood at 389.5 GW in 2021.

Solar panels form an essential part of a solar energy system, which converts solar energy into heat or electricity. The PV ribbon is generally a copper conductor, which is layered with either hot-dipped solder or electrolytic tin, which is principally used in solar panels. In PV ribbons, copper is largely used as a base material, while aluminum alloys can also be used as a base material irregularly.

Coating alignment and thickness also play a significant role in determining the consistency and strength of the coating in PV ribbons. Several critical factors need to be measured while designing PV ribbons such as harvest strength, elongation, camber, and winding. These factors affect the presentation of PV ribbons, solar modules, and the overall solar energy system. Low produce strength minimizes the possibility of solar cell breakages. Henceforth, maximizing the overall module power, while maintaining high elongation and minimum camber is necessary for the proper functioning of the ribbon and the module.

COVID-19 has affected the global economy majorly by directly disturbing production and demand facilities, by creating supply chain and market interruption, and by its financial impact on firms and financial markets due to strict lockdowns globally.

PV Ribbon Market Segment Analysis:

By Type, the segment is bifurcated into interconnecting and Bus Bar. The interconnect PV ribbon is used to join numerous solar cells in a photovoltaic panel. The interconnect ribbon is straight fused on the silicon crystals. They also carry the electric current manufactured in the solar cells to the PV bus bar. The bus bar PV ribbon is commonly a hot-dip tinned copper conductor, installed around the solar panel perimeter. The bus bar roles as a connection between interconnect ribbon and the PV junction box.

By Application, the segment is trifurcated into the solar battery, solar module to the junction box, film substrate. The segment solar battery is dominating the market and was valued at a CAGR of 16% in in 2021.

PV Ribbon Market Regional Insights:

In terms of region, the global PV Ribbon market is separated into North America, Asia Pacific, Europe, Latin America, and ROW. Asia Pacific is anticipated to dominate the global PV Ribbon market during the forecast period, owing to the countless number of manufacturers of solar panels and PV ribbons in the region, especially China and India. The solar industry in these countries is mounting at a rapid pace.

Furthermore, the PV ribbon market in the Asia Pacific is potential to expand at a speedy pace during the forecast period, largely due to collective investments in the solar industry in the region, particularly in countries such as China and India, wherein favorable government initiatives and lower solar panel prices are supplementing the industry. Europe is assessed to be the second-largest PV ribbon market during the forecast period.

The objective of the report is to present a comprehensive analysis of the global PV Ribbon market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global PV Ribbon market dynamics, structure by analyzing the market segments and project the global PV Ribbon market size. Clear representation of competitive analysis of key players by grade, price, financial position, grade portfolio, growth strategies, and regional presence in the global PV Ribbon market make the report investor’s guide.

PV Ribbon Market Key Highlights:

• Global PV Ribbon market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the global PV Ribbon market

• Global PV Ribbon market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global PV Ribbon market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global PV Ribbon market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the global PV Ribbon market are also profiled.

PV Ribbon Market Scope: Inquire before buying






PV Ribbon Market




Base Year
2023
Forecast Period
2024-2030




Historical Data
CAGR
Market Size in 2023
Market Size in 2030




2018 to 2023
7.3%
US$ 1.05 Bn 
US$ 1.72 Bn




Segments Covered




by Type
Interconnect
Bus Bar
by Application
Solar Battery
Solar Module to The Junction Box
Film Substrate




Regions Covered




North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America






PV Ribbon Market Key Players

• Ulbrich Precision Flat Wire
• Hitachi Cable
• YourBuddy
• Sveck
• E Sun New Material
• Kunming Sunlight Science and Technology
• Bruker-Spaleck
• Baoding Yitong PV Science&Technology
• Sanysolar
• Jiangsu Sun Group
• SHENMAO Technology
• Alpha
• E- WRE
• Luvata
• Torpedo
• Creativ RSL
• LEONI
• YIHE
• Huaguangda technology
• Qin Huangdao Donwoo Electronic
• Targray
• Tamra Dhatu
• Gebauer & Griller
• Sarkuysan
• AB INDUSTRIES
• SUKRITI VIDYUT UDYOG PRIVATE LTD

Frequently Asked Questions:

1. Which region has the largest share in Global PV Ribbon Market?
Ans: Asia Pacific region held the highest share in 2023.

2. What is the growth rate of Global PV Ribbon Market?
Ans: The Global PV Ribbon Market is growing at a CAGR of 7.3% during forecasting period 2023-2030

3. What is scope of the Global PV Ribbon Market report?
Ans: Global PV Ribbon Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global PV Ribbon Market?
Ans: The important key players in the Global PV Ribbon Market are – Ulbrich Precision Flat Wire, Hitachi Cable, YourBuddy, Sveck, E Sun New Material, Kunming Sunlight Science and Technology, Bruker-Spaleck, Baoding Yitong PV Science&Technology, Sanysolar, Jiangsu Sun Group, SHENMAO Technology, Alpha, E- WRE, Luvata, Torpedo, Creativ RSL, LEONI, YIHE, Huaguangda technology, Qin Huangdao Donwoo Electronic, Targray, Tamra Dhatu, Gebauer & Griller, Sarkuysan, AB INDUSTRIES, SUKRITI VIDYUT UDYOG PRIVATE LTD, and

5. What is the study period of this Market?
Ans: The Global PV Ribbon Market is studied from 2023 to 2030 




1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global PV Ribbon Market Size, by Market Value (US$ Mn)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2023
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the PV Ribbon Market
3.4. Geographical Snapshot of the PV Ribbon Market, By Manufacturer share
4. Global PV Ribbon Market Overview, 2023-2030
4.1. Market Dynamics
4.1.1. Drivers
4.1.1.1. Global
4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.2. Restraints
4.1.2.1. Global
4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.3. Opportunities
4.1.3.1. Global
4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.4. Challenges
4.1.4.1. Global
4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.5. Industry Trends and Emerging Technologies
4.1.6. Porters Five Forces Analysis
4.1.6.1. Threat of New Entrants
4.1.6.2. Bargaining Power of Buyers/Consumers
4.1.6.3. Bargaining Power of Suppliers
4.1.6.4. Threat of Substitute Grades
4.1.6.5. Intensity of Competitive Rivalry
4.1.7. Value Chain Analysis
4.1.8. Technological Roadmap
4.1.9. Regulatory landscape
4.1.10. Impact of the Covid-19 Pandemic on the Global PV Ribbon Market
5. Supply Side and Demand Side Indicators
6. Global PV Ribbon Market Analysis and Forecast, 2023-2030
6.1. Global PV Ribbon Market Size & Y-o-Y Growth Analysis.
7. Global PV Ribbon Market Analysis and Forecasts, 2023-2030
7.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030
7.1.1. Interconnect
7.1.2. Bus Bar
7.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
7.2.1. Solar Battery
7.2.2. Solar Module to The Junction Box
7.2.3. Film Substrate
8. Global PV Ribbon Market Analysis and Forecasts, By Region
8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030
8.1.1. North America
8.1.2. Europe
8.1.3. Asia-Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9. North America PV Ribbon Market Analysis and Forecasts, 2023-2030
9.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030
9.1.1. Interconnect
9.1.2. Bus bar
9.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
9.2.1. Solar Battery
9.2.2. Solar Module to The Junction Box
9.2.3. Film Substrate
10. North America PV Ribbon Market Analysis and Forecasts, By Country
10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030
10.1.1. US
10.1.2. Canada
10.1.3. Mexico
11. U.S. PV Ribbon Market Analysis and Forecasts, 2023-2030
11.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
11.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
12. Canada PV Ribbon Market Analysis and Forecasts, 2023-2030
12.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
12.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
13. Mexico PV Ribbon Market Analysis and Forecasts, 2023-2030
13.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
13.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
14. Europe PV Ribbon Market Analysis and Forecasts, 2023-2030
14.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
14.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
15. Europe PV Ribbon Market Analysis and Forecasts, By Country
15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030
15.1.1. U.K
15.1.2. France
15.1.3. Germany
15.1.4. Italy
15.1.5. Spain
15.1.6. Sweden
15.1.7. CIS Countries
15.1.8. Rest of Europe
16. U.K PV Ribbon Market Analysis and Forecasts, 2023-2030
16.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
16.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
17. France PV Ribbon Market Analysis and Forecasts, 2023-2030
17.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
17.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
18. Germany PV Ribbon Market Analysis and Forecasts, 2023-2030
18.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
18.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
19. Italy PV Ribbon Market Analysis and Forecasts, 2023-2030
19.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
19.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
20. Spain PV Ribbon Market Analysis and Forecasts, 2023-2030
20.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
20.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
21. Sweden PV Ribbon Market Analysis and Forecasts, 2023-2030
21.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
21.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
22. CIS Countries PV Ribbon Market Analysis and Forecasts, 2023-2030
22.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
22.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
23. Rest of Europe PV Ribbon Market Analysis and Forecasts, 2023-2030
23.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
23.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
24. Asia Pacific PV Ribbon Market Analysis and Forecasts, 2023-2030
24.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
24.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
25. Asia Pacific PV Ribbon Market Analysis and Forecasts, by Country
25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030
25.1.1. China
25.1.2. India
25.1.3. Japan
25.1.4. South Korea
25.1.5. Australia
25.1.6. ASEAN
25.1.7. Rest of Asia Pacific
26. China PV Ribbon Market Analysis and Forecasts, 2023-2030
26.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
26.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
27. India PV Ribbon Market Analysis and Forecasts, 2023-2030
27.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
27.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
28. Japan PV Ribbon Market Analysis and Forecasts, 2023-2030
28.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
28.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
29. South Korea PV Ribbon Market Analysis and Forecasts, 2023-2030
29.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
29.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
30. Australia PV Ribbon Market Analysis and Forecasts, 2023-2030
30.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
30.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
31. ASEAN PV Ribbon Market Analysis and Forecasts, 2023-2030
31.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
31.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
32. Rest of Asia Pacific PV Ribbon Market Analysis and Forecasts, 2023-2030
32.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
32.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
33. Middle East Africa PV Ribbon Market Analysis and Forecasts, 2023-2030
33.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
33.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
34. Middle East Africa PV Ribbon Market Analysis and Forecasts, by Country
34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030
34.1.1. South Africa
34.1.2. GCC Countries
34.1.3. Egypt
34.1.4. Nigeria
34.1.5. Rest of ME&A
35. South Africa PV Ribbon Market Analysis and Forecasts, 2023-2030
35.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
35.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
36. GCC Countries PV Ribbon Market Analysis and Forecasts, 2023-2030
36.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
36.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
37. Egypt PV Ribbon e Market Analysis and Forecasts, 2023-2030
37.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
37.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
38. Nigeria PV Ribbon Market Analysis and Forecasts, 2023-2030
38.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
38.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
39. Rest of ME&A PV Ribbon Market Analysis and Forecasts, 2023-2030
39.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
39.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
40. South America PV Ribbon Market Analysis and Forecasts, 2023-2030
40.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
40.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
41. South America PV Ribbon Market Analysis and Forecasts, by Country
41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030
41.1.1. Brazil
41.1.2. Argentina
41.1.3. Rest of South America
42. Brazil PV Ribbon Market Analysis and Forecasts, 2023-2030
42.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
42.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
43. Argentina PV Ribbon Market Analysis and Forecasts, 2023-2030
43.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
43.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
44. Rest of South America PV Ribbon Market Analysis and Forecasts, 2023-2030
44.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030
44.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030
45. Competitive Landscape
45.1. Geographic Footprint of Major Players in the Global PV Ribbon Market
45.2. Competition Matrix
45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber Grades and R&D Investment
45.2.2. New Grade Launches and Grade Enhancements
45.2.3. Market Consolidation
45.2.3.1. M&A by Regions, Investment and Verticals
45.2.3.2. M&A, Forward Integration and Backward
Integration
45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
45.3. Company Profile : Key Players
45.3.1. Ulbrich Precision Flat Wire
45.3.1.1. Company Overview
45.3.1.2. Financial Overview
45.3.1.3. Geographic Footprint
45.3.1.4. Grade Portfolio
45.3.1.5. Business Strategy
45.3.1.6. Recent Developments
45.3.2. Hitachi Cable
45.3.3. YourBuddy
45.3.4. Sveck
45.3.5. E Sun New Material
45.3.6. Kunming Sunlight Science and Technology
45.3.7. Bruker-Spaleck
45.3.8. Baoding Yitong PV Science&Technology
45.3.9. Sanysolar
45.3.10. Jiangsu Sun Group
45.3.11. SHENMAO Technology
45.3.12. Alpha
45.3.13. E- WRE
45.3.14. Luvata
45.3.15. Torpedo
45.3.16. Creative RSL
45.3.17. LEONI
45.3.18. YIHE
45.3.19. Huaguangda technology
45.3.20. Qin Huangdao Donwoo Electronic
45.3.21. Targray
45.3.22. Tamra Dhatu
45.3.23. Gebauer & Griller
45.3.24. Sarkuysan
45.3.25. AB INDUSTRIES
45.3.26. SUKRITI VIDYUT UDYOG PRIVATE LTD

46. Primary Key Insights
  • INQUIRE BEFORE BUYING