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Thin - Film Photovoltaic (PV) Cells Market Analysis to 2020 Featured PR

The Evolving Thin Film industry Growth Trajectory to Gain Pace Going Forward
London, London, United Kingdom ( 02/07/2010

"Thin - Film Photovoltaic (PV) Cells Market Analysis to 2020 "

Thin-film PV technology witnessed minimal research activities till the early 1980’s. Post this period, it witnessed a constant advancement, in terms of manufacturing technology and materials used.The pursuit of cost-effective electricity generating technology lured major corporations and investors towards the thin film PV industry. The industry saw more than 100 companies entering the market between 2001 and 2009. Thin film PV technology has seen a major development leap from only being associated with the little strip of PV cells used in power calculators to sophisticated Building Integrated PV or solar charges for mobile devices. From a mere 14 MW production in 2001 the market has grown to reach 2,141 MW in 2009, at a CAGR of 58%. The market outlook for the coming decade appears promising as the major thin film producing countries - Japan, China, and the US - are announcing aggressive support for renewable energy expansion through incentives and regulations. In retrospect, the thin film module production is projected to grow at the rate of 24% between 2009 and 2020, to reach 22,214 MW production by 2020.

Over period of time, the thin film technology has been successful in grabbing a larger share of the PV market. Thin film production market share in the global solar PV market grew from a mere 2.8% in 2001 to 25% in 2009, thus dictating a growing share in the future. Thin film solar PV, as per GBI Research’s estimation, is set to increase its share to ~38% by 2020. Expectations are that, in the long-term, thin film solar PV technology would surpass the dominating conventional solar PV technology, thus enabling the long sought-after grid parity objective.

CIGS technology is gaining more popularity than other thin-film technologies due to its higher efficiency and reduced manufacturing costs. The success of CIGS cells depends on the efficiency, and a faster and cheaper manufacturing process. The future of CIGS technology is encouraging as a lot of venture capitalist firms are investing in it. Investments in excess of $2 billion have already been made in the CIGS market by various companies. CIGS will most likely be the face of thin film solar PV technology in the future. The technology’s value proposition is that it offers combined advantages of both c-Si, which gives relatively good efficiency and thin-film PV technologies, which claim potential advantages on cost, flexibility, weight, and manufacturability. From 2010, CIGS segment is expected to capture the maximum share in the thin film module market as most of the CIGS manufacturers will begin to attain production cost and conversion efficiencies on par with other thin film technologies especially Cdte.

GBI Research’s new report, “Thin - Film Photovoltaic (PV) Cells Market Analysis to 2020- CIGS (Copper Indium Gallium Diselenide) to Emerge as the Major Technology by 2020” provides key information and analysis on the market opportunities in the Global thin film Solar PV industry. The report covers the key market drivers, restrains and growth forecast for major thin film technologies – Amorphous silicon (a-Si), Cadium Telluride (Cdte), and Copper Indium Gallium Diselenide (CIGS). The report entails comprehensive analysis of thin-film module production, production capacity, key countries and key industry players. The key study focuses on the global thin film PV industry market outlook along with comparative analysis of different technologies.

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