The Global Thin-Film Photovoltaics PV Market size is projected to reach USD 1.5 billion by 2028. The research study covers the market for thin-film photovoltaics PV in terms of type (CdTe, CIGS, A-Si), application (consumer electronics, BIPV, grid-connected power supply), and region.
Thin-film photovoltaics (PV) is a technology that converts sunlight into electricity for use in solar cells. Thin-film PV includes silicon carbide (SiC), cadmium telluride (CdTe), copper indium gallium selenide/sulfide, and amorphous silicate thin films which are typically deposited on glass or plastic substrates such as PET. Unlike conventional crystalline silicon PV modules used to generate power from the sun's rays, thin-film photovoltaic cells can be less expensive because they do not require semiconductor wafer processing. Crystalline silicon was once considered too costly to produce but it has since become competitive with other materials due to economies of scale.
On the basis of Type, the global thin-film photovoltaics PV market is segmented into CdTe, CIGS, A-Si, and Others.
CdTe type of thin-film photovoltaics PV is a semiconductor material, cadmium telluride. It consists of layers of crystalline silicon and other materials that are deposited on top to create the final product with distinctive properties such as low production cost. They have the highest power density of all photovoltaic technologies and can be manufactured on flexible substrates, making them suitable for low-cost, lightweight mobile applications such as backpacks and purses used to charge cell phones or other digital devices while off-grid.
CIGS type of thin-film photovoltaics PV is also a semiconductor material, copper indium gallium (di)selenide. It consists of layers of crystalline silicon and other materials that are deposited on top to create the final product with distinctive properties such as high efficiency, relatively low production cost when compared to CdTe or A-Si types of solar cells. They have been shown in laboratory experiments to achieve efficiencies greater than 20%.
A-Si type of thin-film photovoltaics PV is composed of amorphous silicon which can be deposited on a substrate via chemical vapor deposition or physical vapor deposition. A-si remains one of the most widely used crystalline solar cells for laboratory studies.
On the basis of Application, the global thin-film photovoltaics PV market is segmented into Consumer Electronics; BIPV (Building-integrated photovoltaic); Grid-Connected Power Supply; Military & Space Applications.
The consumer electronics segment can be classified as mobile phones, laptops, and TV. Thin-film photovoltaics PV is used in smartphones because of its low weight (less than a gram) and high power conversion efficiency. It also requires less manufacturing time to produce thin-film cells compared with traditional silicon solar panels which need more time to manufacture due to the extensive equipment required for processing wafers into layers that are then cut into individual cells or modules. Furthermore, these types of solar panels offer greater design flexibility over other panel formats since they can be manufactured on rolls rather than sheets like conventional crystalline or monocrystalline panels; this means it is possible to create curved touch screens out of them.
BIPV is a technology that integrates solar PV modules with the building's construction, as opposed to installing it on top of them. BIPV sidesteps many problems inherent in traditional rooftop installation which are often not related to the cells themselves; for example, roof stability becomes an issue when they weigh too much from heavy module-based installations and require relatively more maintenance than what could be afforded by individual homeowners who cannot afford their own power supply. This type of system can also provide heating or cooling for buildings through its thermal properties while generating electricity at the same time - thus reducing utility bills significantly. Furthermore, these types of panels offer greater design flexibility over other panel formats since they can be manufactured on rolls rather than sheets like conventional crystalline or thin-film panels.
The grid-connected power supply is the most significant application for thin-film PV in terms of revenues and volume. Thin-film solar panels are typically applied on rooftops, carports, or other structures that have been designed to maximize space usage with an unobstructed view of the sky. They can also be used as a stand-alone unit with no roof structure at all, provided they are raised up off the ground by something such as poles or posts. This type of installation has become popular among homeowners who live in areas where snow falls during certain seasons since these types of panels do not need to be covered when it snows unlike conventional crystalline or thin-film panels which may require some form of snow protection.
The thin-film photovoltaics PV market is used in military and space applications such as satellites, unmanned aerial vehicles (UAV), rovers, portable electronics. These types of solar cells are lightweight and can be installed on any surface with little or no power requirements. They require less maintenance than crystalline panels since they do not have moving parts that need to be cleaned off periodically during operation which allows them to operate more efficiently for a longer period of time before requiring repairs or replacement. The cells' manufacturing process also leaves behind far fewer toxic chemicals at the endpoint so there's less chance of contaminating natural resources if an accident were to occur while processing the cells causing spills etc.
On the basis of Region, the global thin-film photovoltaics PV market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America: The US dominates the thin-film solar module markets in this region owing to its high level of awareness among consumers about renewable technologies such as solar power systems. Some factors that are driving this market include higher cost compared with crystalline modules and less efficient than traditional silicon-based panels.
Latin America: The region is currently witnessing a huge growth in renewable energy investments. There has been an increase of more than 55% in the installed capacity for solar power generation between 2016 and 2017. Currently, Brazil ranks first among Latin American countries with regards to thin-film photovoltaics PV market share but Chile has also seen rapid expansion owing to its high level of investment in clean technologies such as wind and geothermal power installations coupled with favorable government policies that sustain these trends.
Europe: In Europe, Germany’s significant amount of available space, along with its strong industrial base in manufacturing crystalline silicon panels are some factors contributing towards this region being one of the largest markets for thin-film photovoltaic cells globally.
Asia Pacific: Asia-Pacific is a rapidly growing region with high demand from countries such as India, China, Japan, etc. Rising air pollution coupled with surging industrialization has been a driver contributing to this trend over time.
Middle East Africa: In the Middle East & African Countries (MEA), Saudi Arabia has emerged as one of the most lucrative destinations for solar projects thanks to its plentiful sunshine during daytime hours while other oil-rich economies like UAE also offer attractive incentives that support future investment prospects.
The global thin-film photovoltaics PV market is driven by the increasing investments towards renewable power generation, which are projected to increase demand for solar cells in the coming years. Another factor driving the growth of this market is growing environmental concerns among people as well as government agencies that have led to increased installation and funding of green energy projects around the world. The advancements made in manufacturing processes have reduced raw material costs which will also drive growth during the forecast period. Growth factors such as lower price per watt due to efficiency improvements and reduction in cost per kilowatt-hour through innovations will fuel demand for solar thermal systems. Moreover, the military & space applications segment offers significant opportunities for further development owing to its requirement of high-performance devices with precise control over power, voltage, and frequency.
Up Market Research published a new report titled “Thin Film Photovoltaics PV Market research report which is segmented by Types (CdTe, CIGS, A-Si, Others), By Applications (Consumer Electronics, BIPV, Grid Connected Power Supply, Military & Space Applications), By Players/Companies Abound Solar, Anwell Technologies, Ascent Solar, Avancis, Best Solar Hi Tech, Bosch Solar Energy, Energy Conversion Devices, Epv Solar, First Solar, Global Solar Energy, Kaneka, Masdar Pv, Miasole, Mitsubishi Heavy Electric, Moser Baer, Nanosolar, Q-Cells, Ritek, Sharp, Signet Solar, Solyndra, Sulfurcells, Sunfilm, Suntech Power, Trony Solar, Wuerth Solar”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Thin Film Photovoltaics PV Market Research Report|
|By Type||CdTe, CIGS, A-Si, Others|
|By Application||Consumer Electronics, BIPV, Grid Connected Power Supply, Military & Space Applications|
|By Companies||Abound Solar, Anwell Technologies, Ascent Solar, Avancis, Best Solar Hi Tech, Bosch Solar Energy, Energy Conversion Devices, Epv Solar, First Solar, Global Solar Energy, Kaneka, Masdar Pv, Miasole, Mitsubishi Heavy Electric, Moser Baer, Nanosolar, Q-Cells, Ritek, Sharp, Signet Solar, Solyndra, Sulfurcells, Sunfilm, Suntech Power, Trony Solar, Wuerth Solar|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||208|
|Number of Tables & Figures||146|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type CdTe, CIGS, A-Si, Others and By Application Consumer Electronics, BIPV, Grid Connected Power Supply, Military & Space Applications.
Some of the companies that are profiled in this report are:
Thin Film Photovoltaics PV Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Thin Film Photovoltaics PV Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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