A new study by Transparency Market Research (TMR) on the global thin film photovoltaic market states that the increasing concerns over the exhaustion of energy resources is fueling the demand for thin film photovoltaics significantly across the world.
The research report, titled “Thin Film Photovoltaic Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” presents a complete overview of the market by evaluating the driving forces, restrictions, opportunities, challenges, trends, and future prospects of this market.
According to this report, the low cost associated with the production of thin film photovoltaics is the key factor that has propelled the global thin film photovoltaic market over the last few years. Apart from this, the low silicon consumption, smaller energy payback duration, effective performance in dim light conditions, and the capability to harvest infrared light spectrum are some of the other prominent factors that have driven this market considerably in the recent times.
During the forecast period, the report expects the increasing investments, research initiatives, and technical advancements in this field to stimulate the worldwide thin film photovoltaic market. However, the low conversion efficiency of thin film photovoltaic cells, together with the high cost of their maintenance, is likely to hamper the growth of this market in the forthcoming years.
The global market for thin film photovoltaic is analyzed on the basis of the type of photovoltaic cell, application, and the regional distribution of this market. Based on the type of cell, the market is segmented into amorphous silicon (A-SI) photovoltaic cells, copper indium-gallium-diselenide (CIGS)/copper indium diselenide (CIS) photovoltaic cells, cadmium telluride (CDTE) photovoltaic cells, and several others such as organic solar cell and dye sensitized solar cell (DSSC).
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Based on the application, the worldwide thin film photovoltaic market is categorized into building integrated photovoltaic cells, consumer electronics, grid connected power supply, military and space, and other applications. On the regional basis, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
The report also presents the competitive landscape of the global market for thin film photovoltaics by evaluating the company profiles of key market participants operating in this market. SoltaBond GmbH, SoloPower Systems Inc., Dunmore Corp., Tokyo Electron Ltd., Hanergy Holding Group Ltd., BLOO Solar Inc., Kaneka Corp., First Solar Co., HHV Solar Technologies Pvt. Ltd, Mitsubishi Electric Corp., and NanoPV Solar Inc. are the major international vendors of thin film photovoltaic cells mentioned in this research study.
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