The rising consumer awareness about the need to switch to green energy resources and massive funds being invested for research and development of efficient solar cells are the key factors driving the global solar cell films market, says a recent market research report published by Transparency Market Research. The report states that the market will expand at a favorable 9.4% CAGR from 2015 through 2023, rising to a valuation of US$20,995.66 mn by 2023 from US$9,393.78 mn in 2014. The report is titled “Solar Cell Films Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023,” and is available on the company’s website for sale.
Solar cell films refer to the films/sheets formed from a variety of photovoltaic materials to be used in solar cells for trapping sunlight. As such, solar cell films are the core operational elements of all solar cells and much of the research efforts in the field of solar energy are focused on the development of more efficient and reliable photovoltaic films. The report examines the trajectory of technological and product development in the global solar cell films market in the past few years and predicts the growth prospects of key market elements over the forecast period.
For an in-depth analysis, the global solar cell films market has been classified into three broad segments: Solar cell film type, end-use applications, and geography.
On the basis of solar cell film type, the market has been analyzed for cadmium telluride, amorphous silicon, and copper indium gallium selenide. Of these, the segment of cadmium telluride is currently the dominant market segment owing to the material’s high efficiency, low manufacturing cost, and longer life span.
Key end-use applications of solar cell films examined in the report include commercial, industrial, and residential. Of these, the commercial sector is currently the leading consumer of solar cell films owing to the high electricity demand from this sector, especially during peak working hours. Multiplexes, offices, shopping complexes, and malls are some of the potential consumers of solar cell films in the commercial sector.
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From a geographic perspective, the market for solar cell films has been examined for North America, South America, Asia Pacific, Europe, Middle East, and Africa. Europe dominated the global solar cell films market in 2014 owing to the substantial installation of solar cells in countries such as Russia, France, the U.K., Germany, and Spain in the past few years.
The report also gives detailed insights into the competitive landscape of the global solar cell films market. Prominent vendors in the market profiled in the report include First Solar, Inc., Advanced Energy Industries, Inc., Lucent CleanEnergy, Stion Corporation, Kaneka Corporation, Heliatek GmbH, Hanergy Holding Group Ltd., 3M, Solar Frontier K.K., Prism Solar Technologies, Inc., and Dunmore Corporation.
The global solar cell films market has been segmented as follows:
Solar Cell Films Market: Type Analysis
- Amorphous Silicon
- Cadmium Telluride
- Copper Indium Gallium Selenide
Solar Cell Films Market: End-use Analysis
- Residential
- Commercial
- Industrial
Solar Cell Films Market: Region Analysis
North America
U.S.
Canada
Rest of North America
Europe
Germany
Russia
Rest of Europe
Asia Pacific
China
Japan
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East
Qatar
UAE
Rest of Middle East
Africa
Egypt
South Africa
Rest of Africa
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