Global
Thin Film Photovoltaics Market - Overview
The global thin film photovoltaics
market is expected to expand at ~28.36% CAGR during the forecast period. Solar power is emerging, as a highly
demanded form in the renewable energy industry. Solar power is generated with
the help of photovoltaics and concentrated solar panels. The emphasis on
cutting down the carbon emissions has led the countries to increase the share
of renewable energy in the electricity generation mix. Solar power sees maximum
opportunities due to huge geographic potential and incentives and policies from
the governments to promote clean energy generation. Solar power has attained
milestones in the last decade, with global generation reaching to approximately
100 GW, by the end of 2017. Solar photovoltaics are advantageous as they are
quiet and are reliable for long term electricity generation without huge
maintenance costs.
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Prominent
Players:
The major player operating in the
market of global thin-film photovoltaics are Siemens AG (Germany), United Solar
Energy (U.S.), Solar Cells Inc. (U.S.), Solarex MD (U.S.), Golden Photon Inc. (U.S.), ECD (U.S.), Kyocera
Corporation (Japan), and Suntech Power Holdings Co. Ltd (China). Mitsubishi
Electric Corporation (Japan), Panasonic Corporation (Japan), Sharp Corporation
(Japan), JA solar Co. Ltd (China), Jinko Solar (China), ReneSola Co. Ltd
(China),Kaneka Corporation (Japan) , and Trina Solar (China) are among others.
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Thin
Film Photovoltaics Market Segments Analysis:
The thin film photovoltaics market is
segmented on the basis of material, type, end-use and region. Based on the
material segment, the market is classified as amorphous silicon, and cadmium
telluride. Amorphous silicon segments is dominating the global thin-film
photovoltaics market due to its global commercial availability.
On the basis of type, the market is
fragmented as organic and inorganic. Organic segment accounts for the largest
market share owing to photoactive layers composed of donor and acceptor
semiconducting organic materials to generate photocurrents thus organic
photovoltaics have capability to capture huge amount of sun rays and convert
them to electricity.
Based on end-user, the thin film
photovoltaics market is segmented as residential, industrial, and commercial.
Commercial sector is expected to dominate the market, owing to supporting
policies and incentives that are provided by the governments.
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