Global solar cell films market, by type (amorphous silicon, cadmium telluride and copper Indium Gallium Selenide), end user (Commercial, Industrial and Residential) forecast till 2025

Solar cell is an electric device which converts light directly into electricity by photovoltaic effect. Operation in conversion to electricity starts with absorption of light, generating either electron-hole or excitons, separation of charge carriers of opposite types and separate extraction of those carriers to an external circuit. This is a second generation solar cell which is made by depositing thin layers of photovoltaic material on a substrate such as metal, glass and plastic. Dependency on non-renewable energy source can be reduces with the help of solar energy, this is one of the major factors driving the growth of the market. Features responsible for increased adaptation of this source of electricity are high product efficiency, low manufacturing cost and zero carbon emission this helps to serve energy needs in an economic manner. Government initiative to provide subsidiaries to enhance utilization of solar cell in commercial and residential use is one of the major drivers to the growth of solar cell films market. Rising awareness and adaptation toward green energy and easy installation increases demand of the solar cell. Rise in environmental concern at global level led to increased in research activity in this field this creates new opportunity for the solar cell film market. High initial cost and technological problem related with thin film solar cell can inhibit the growth of this market.

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Segmentation:
The global solar cell films market is segmented on the basis of type and end user.

On the basis of type, the market is segmented into amorphous silicon, cadmium telluride and copper Indium Gallium Selenide.

On the basis of end user, the market is segmented into Commercial, Industrial and Residential.

Regional Analysis:
Europe is the dominating region in solar cell film market owing increased in number of installation in countries such as Russia, Germany and France. Asia-Pacific is expected to grow at highest rate in the market due rising industrialization and population increases demand for the renewable enrdgy source. Government initiative to provide subsidiary to promote the utilization of solar cell in this region is one major factor responsible for higher growth rate.

Key Players:
The key players in the market are: 3M, Advanced Energy Industries, Inc., DUNMORE Corporation, First Solar, Inc., Hanergy Holding Group Ltd., Heliatek GmbH, Kaneka Corporation, Lucent CleanEnergy, Prism Solar Technologies, Inc and Solar Frontier K.K.

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Segmentation
By Type:
• Amorphous Silicon
• Cadmium Telluride
• Copper Indium Gallium Selenide

By End User:
• Commercial
• Industrial
• Residential

By Region:
• North America
• Europe
• Asia-Pacific
• LAMEA

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