Photovoltaic Coating Market Advantages, Sufferance - 2018 | Top Key Players - Suntech Power Holdings Co. Ltd, PPG Industries, Sherwin Williams, AkzoNobel N.V., Axalta Coating Systems, and BASF SE

Global Photovoltaic Coating Market – Overview

Photovoltaic Coating also known as PV Coating or photovoltaic films are developed using organic photovoltaic technology & chemicals. These coatings are applied to convert various surfaces like windows, roof, street or wall in to solar energy receptor. Meaning after applying these coatings any surface can convert sunlight into electric energy.

Photovoltaic Coatings applied on solar panel assure collection of solar energy without needing the silicon wafer, therefore saving almost 98% of the amount that would have otherwise been spent on semiconductor materials. Hence, it is fair to be said that the PV coating has the potential to be as efficient as silicon wafer technology that offers cost savings to manufacturers & consumers alike.

Increasing population worldwide, along with the increasing industrialization & urbanization is prompting the need for energy more than ever. At the same time, growing ecological concerns are promoting utmost use of clean & sustainable energy generated by renewable energy sources like Solar/wind/water. Out of these solar energy being the most abundant renewable energy type, is considered as the most important for meeting the future energy demand of the planet.

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Worldwide Photovoltaic Coating Market – Competitive Landscape

The Photovoltaic Coating Market appears to be highly competitive owing to the presence of numerous well-established vendors. Owing to the low product differentiation and availability of a wide range of similar products; vendors are increasingly focusing on reducing the brand recall of their products among consumers through effective marketing communications. The Photovoltaic Coating Market demonstrates a high potential growth due to which several new entrants are expected to get attracted to this market during the anticipated period.

Industry/ Innovation/Related News:

March 03, 2017 – Research Study published - Scientist from the Karlsruhe Institute of Technology (Germany) presented their proving that the sunglasses with semitransparent organic photovoltaic coating can generate solar power. These researchers developed sunglasses with colored, semitransparent organic PV coating applied on to the both sides of lenses connected to a microprocessor and two displays integrated into the eyeglasses with electric power. These researchers also assert that the same technology applied on the architectural windows can provide both power and a view.

March 14, 2018 – 3D Micromac AG (Germany) a leading provider of laser micromachining systems and R2R laser systems for the photovoltaic & medical device/electronic introduced Clean Scribe technology for microDICE TLS laser micromachining system for particle-free dicing of SiC wafers

Worldwide Photovoltaic Coating Market – Regional Analysis

Geographically, Asia-Pacific region accounts for the largest market share owing to the numerous ongoing & upcoming projects for Photovoltaic. Simultaneously, factors such as increasing demand for power, which is fuelled by the growing population, industrialization, urbanization & improving economic conditions along with the awareness towards the renewable energy sources; provide impetus to the regional market growth.

While, factors such as technological advancements coupled with the presence of major market players in these regions; entitle Europe & North America as the predominant markets of Photovoltaic Coating.

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