Global Thin-Film Solar PV Market 2020 Industry research report provides an In-Depth analysis that includes an executive summary, definition, and scope of the market.
Global Thin Film
Photovoltaic Market Overview
Thin film photovoltaics market experience augmented demand
owing to the surged demand for mass-production of energy. The prevailing thin
film photovoltaic decreases the amount of material content within the film
sheet. These films function with the objective of curtailing the carbon
emissions, which has made way for high espousal of renewable energy in the
electricity mix.
As per the reports by
Market Research Future the
global thin-film photovoltaic market is estimated to grow at 28.36% CAGR by
2023. With the rising instances of transition of conventional energy to
renewable energy, urbanization, heightened demand for energy efficient
services, collectively with the expanding energy significant markets.
Industry Highlights
Emerging economies such as South Korea, India, and China are
the key markets for renewable energy as these markets have been witnessing
rapid industrialization coupled with spurring economic growth. These economies
have been responsible for the highest rates of pollution that is caused by
conventional fuel power plants. Amongst these countries, India has been
planning to expand energy generation through renewables to 175 GW by 2022. 100
GW out of 175 GW has been strategized to be acquired with the incorporation of
solar power sources. Solar power is supported by the government as it is
offering wide range of incentives to solar plant setters and equipment
providers. China represents the largest solar energy producing country in the
world. The reports by IEA states that China experiences half of worldwide solar
PV demand and the Chinese organizations account for almost 60% of the yearly
solar cell manufacturing volume. At present, solar power has witnessed the result
of major opportunities on account of considerable geographical prospect
followed by incentives, preference for clean energy generation, along with the
annual production. It is expected to attain 100 GW approximately by the
conclusion of 2017 which in turn is anticipated to drive the global thin film
photovoltaic market at a rapid pace.
Key Players of global Thin Film Photovoltaic Market Report are:
The global thin-film
photovoltaics market has been dominated by
key players such as United Solar Energy (U.S.), Siemens AG (Germany), Solarex
MD (U.S.), Solar Cells Inc. (U.S.), ECD (U.S.), Suntech Power Holdings Co.
Ltd (China), Kyocera Corporation (Japan), Mitsubishi Electric Corporation
(Japan), Sharp Corporation (Japan), Panasonic Corporation (Japan), Jinko Solar
(China), JA solar Co. Ltd (China), Kaneka Corporation (Japan), Trina Solar
(China), and ReneSola Co. Ltd (China).
Global Thin
Film Photovoltaic Industry Segmentation
The
reports published by Market Research Future has segmented the global thin film
photovoltaic market based on type, material, region, and end-user.
Based
on type, the market has been segmented as inorganic and organic, where organic
segment accounts for the highest market share owing to the materials such as
acceptor and donor semiconducting organic contained in a photoactive coating
that produces photocurrents. Hence, the organic photovoltaic has the ability to
capture an enormous number of sunrays and transform it into electricity.
Based
on material the market has been segmented into cadmium telluride and amorphous
silicon. The amorphous silicon segment is dominating the global thin film
photovoltaic market, owing to its worldwide commercial availability.
Based
on end-user, the market has been segmented as industrial, commercial, and residential.
Out of these, the commercial sector is likely to lead the global thin film
photovoltaic market, owing to the incentives and modern governmental norms at
support.
Based
on regions, the market has been segmented into Europe, Asia Pacific, North
America, and Middle East & Africa.
Regional Analysis
Asia
Pacific represents one of the largest markets for solar inverter globally. The
growing population coupled with the rapidly developing economies drive the thin
film photovoltaic market in APAC. The sunlight-rich nations such as India and
China are also responsible for accelerating the demand in the Asia Pacific
market. The trend is likely to dominate the market over the forecast period.
Get Thin Film
Photovoltaic Market Research Report at: https://www.marketresearchfuture.com/reports/thin-film-photovoltaic-market-1345
About Market Research Future:
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Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
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