Global Thin Film Photovoltaic Market Worldwide Overview, Share, Opportunity & Forecast 2019-2023 | Prominent Players – United Solar Energy, Solar Cells Inc., Solarex MD, Golden Photon Inc., ECD, Kyocera Corp, Suntech Power Holdings Co., Jinko Solar

The global thin-film photovoltaic market is anticipated to grow at a phenomenal rate during the forecast period due to increased concerns towards carbon footprint reduction, and emerging solar market. Solar energy is seen as an efficient alternative to conventional fossil fuels. Thus, the market leaders in solar energy are focusing on advancements in technology to administer competition to conventional energy market. Solar photovoltaics are advantageous as they are quiet and are reliable for long term electricity generation without huge maintenance costs.

The demand for thin film photovoltaics is heightened by the increased demand for mass-production of energy due to the urbanization and transition of conventional energy to renewable energy, growing energy significant markets, and increasing demand for energy efficient solutions.

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Nations such as China, India, and South Korea are the major requisitioners for renewable energy due to growing economic wealth and industrialization from the nations. Besides, these nations are also the top air polluters through conventional fuel power plants. India has plans to increase the energy generation through renewables to 175 GW up to 2022. Out of this 100 GW is planned to be achieved through solar power source. The government is supporting solar power through various incentives to equipment providers and solar plant setters. China has evolved as the largest solar energy producing nation in the world. According to IEA, China represents half of global solar PV demand and Chinese companies account for 60% of total annual solar cell manufacturing capacity.

Segmental Analysis

The thin film photovoltaics market is segmented on the basis of material, type, end-use and region.

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 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.

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.

Based on the region, Asia Pacific is one of the largest markets for solar inverter in the world. There is an increased demand for energy due to the growing population and rising disposable income in the region.

Moreover, the rapidly growing economies in this region are also the top polluters in the world. South Asian countries such as China, India, are sunlight-rich countries.

For an instance, Qinghai province in China, has an average sunshine of more than 3500 hours per year. These factors are driving the market for thin film photovoltaics from Asia Pacific region and hence it is projected to grow at an exceptional high rate by 2023.

Competitive Landscape

The prominent 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.

Table of Content

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining Power of Buyers

3.1.3 Bargaining Power of Suppliers

3.1.4 Threat of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continue…….

List of Figures

Figure 1 Research Process Of MRFR

Figure 2 Top Down & Bottom Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter’s Five Forces Analysis

Figure 7 Value Chain Analysis

Figure 8 Global Thin Film Photovoltaics Market share, By End-Use, 2016 (%)

Figure 9 Global Thin Film Photovoltaics Market, By End-Use, 2015-2023 (USD Million)

Continue……

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