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Thin Film Solar Cells Market Top Key Industry Players:First Solar, Ascent Solar Technologies Inc., Oxford Photovoltaics, Global Solar, Inc., Hankey Asia Ltd., MiaSole Hi-Tech Corp., Trony Solar
Global Market Insights, Inc.
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Technological progressions along with a large number of promising energy conservation programs that have been initiated worldwide have resulted in a decline in overall component cost. These adopted initiations will act as a catalyzer for the overall growth of the market. In this regard, India is already a step ahead. In 2016, the country has launched a target of deploying 20 GW grid connected solar power projects in half a decade, which will finally result in cost reduction of solar power generation of the country.
Geographies that are anticipated to influence thin film solar cells market over 2016-2024 are listed below:
• US is one of the prominent regions which is actively involved in the market. Positive outlook toward relying more on renewable energy sources along with increasing installation of photo voltaic models is fueling U.S. thin film solar cells industry.
• Asia Pacific is expected to hold a considerable industry share in terms of revenue with China prominently driving the regional demand. China thin film solar cells industry accounted for more than 40% of the regional market in 2015 and will register a massive double digit growth rate of 15% over the forecast span. The growth can be attributed to the huge investment in the PV projects in China.
• UK thin film solar cells market covered more than 25% of the market share in 2015 and will cross 4GW power generation capacity by 2024, owing to the favorable government initiatives pertaining to sustainable energy production.
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Partial Chapter of the Table of Content
Chapter 3 Thin Film Solar Cells Industry Insights
3.1 Industry segmentation
3.2 Industry Size and forecast, 2013 – 2024
3.3 Thin film solar cells industry ecosystem analysis
3.4 Vendor matrix
3.5 Innovation & sustainability
3.6 Regulatory framework
3.6.1 U.S.
3.6.2 India
3.6.3 Europe
3.6.4 China
3.7 Price trend analysis
3.8 Thin film solar cells industry impact forces
3.8.1 Growth drivers
3.8.1.1 Growing demand for sustainable energy
3.8.1.2 Decreasing solar component price
3.8.1.3 Favorable government initiatives
3.8.1.4 stringent emission control norms
3.8.2 Industry pitfalls & challenges
3.8.2.1 Lack of awareness
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 Competitive landscape, 2015
3.11.1 Strategy dashboard
3.12 PESTEL analysis
Chapter 4 Thin Film Solar Cells Component Insights
4.1 Thin film solar cells market share by component, 2015 & 2024
4.2 Cadmium Telluride
4.2.1 Global thin film solar cells market estimates and forecast from cadmium telluride, 2013 - 2024
4.2.2 Global thin film solar cells market volume from cadmium telluride, by region, 2013 - 2024
4.2.3 Global thin film solar cells market revenue from cadmium telluride, by region, 2013 - 2024
4.3 Amorphous Silicon
4.3.1 Global thin film solar cells market estimates and forecast from amorphous silicon, 2013 - 2024
4.3.2 Global thin film solar cells market volume from amorphous silicon, by region, 2013 – 2024
4.3.3 Global thin film solar cells market revenue from amorphous silicon, by region, 2013 - 2024
4.4 Copper Indium Gallium Diselenide
4.4.1 Global thin film solar cells market estimates and forecast from copper indium gallium diselenide, 2013 - 2024
4.4.2 Global thin film solar cells market volume from copper indium gallium diselenide, by region, 2013 – 2024
4.4.3 Global thin film solar cells market revenue from copper indium gallium diselenide, by region, 2013 - 2024
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The solar technology is witnessing a continuous evolution with technological progression. Three types of thin film cells that are predominant in the market are cadmium telluride thin film cells, amorphous silicon cells, and copper indium gallium diselenide (CIGD)solar cells. Amorphous silicon thin film solar cells market accounted for more than 13% of the total volume in 2015, and is expected to observe a surge due to increasing demand for solar wristwatches, garden lights, and electronic calculators. Cadmium telluride solar cells are largely adopted for generating terrestrial solar power in residential sector owing to the product’s cost effectiveness and high-level conversion efficiency. This second-generation thin film solar cells industry is estimated to grow stupendously at a CAGR of 17% over the period of 2016-2024. Copper indium gallium diselenide based film solar cells are the top performing cells till date, with an upper hand due to absorption of more sunlight than the other products. CIGD thin film solar cells market is anticipated to generate a revenue of USD 8 billion by 2024.
Market players are concentrating more on research activities to enhance the product quality along with improving the energy efficiency. However, lack of proper knowhow of the ongoing financial incentives related to non-conventional energy sources may act as a deterrent in the growth path of the industry. Prominent participants of thin film solar cells market include Hankey Asia Ltd., Ascent Technologies Inc., Hankey Asia Ltd., Global Solar, Inc., and First Solar.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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