Global photovoltaic market has experienced significant changes in its market landscape due to the presence of thin film photovoltaic cells. The thin film photovoltaic market saw a tremendous growth especially at the time of 2009 global meltdown. Rising prices of silicon in the global market have opened the gateways for thin film photovoltaic cells. Though, thin film photovoltaic cells have lower energy conversion efficiency than other photovoltaic cells, but these cells are getting deployed due to their low cost.
The report “Thin Film PV Market (2011-2016): Global Market Forecast” categorized the market by cells (a-Si, CdTe and CIS/CIGS), modules, applications (Building integrated photovoltaic (BIPV), consumer electronics, grid connected power supply, military & space and others), materials (Backsheet, encapsulants, glass, TG glass, silicon pastes, silicon chemicals and silicon gases & dopants) and geography (North America, Europe, Asia and the Rest of World (ROW). The report provides key market drivers, restraints and opportunities that shape the present and future market growth.
The report discusses in detail the various trends and burning issues that are shaping the thin film PV market and also provide in-depth coverage of various drivers, restraints and opportunities that will help the market to reach $22 billion in 2016
It also covers in detail the competitive scenario and the top players involved in the market. Top players include First Solar that constitutes around 51% of the market share in 2010 followed Solar Sharp, 8%, and Trony Solar, 5%.
The report thoroughly covers the thin film PV cells market by cells types, by modules, by application, by region and by materials. The report provides the unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which will help the stakeholders to device and align their market strategies according to the current and future market dynamics.
The report forecasts and estimates market size, market revenues and provide detailed analysis of following key market segments:
6Wresearch: Thin Film PV Market (2011-2016): Global Market Forecast
Low cost, increasing government initiatives & policies, shorter energy payback, better performance under low light conditions and others are the few factors that have spurred the Global thin film PV market. Initially dominated by a-Si thin film PV cells, the market is now shifting towards CdTe and CIS/CIGS based thin film PV cells. Higher efficiency of CdTe and CIS/CIGS cells has resulted for the demand at global level.
According to 6Wresearch, Global thin film PV market is expected to generate $22,357.3 million by 2016 with an estimated CAGR of 27.5% from 2011-2016. In 2011, a-Si has dominated the thin film PV market and has accounted for 49.8% of the market share in the overall market; however this market share is expected to fall to 38.1% by 2016. The market for CdTe, CIS/CIGS and other thin film PV cells are expected to grow with a CAGR of 30.5%, 39.8% and 15.0%, respectively for the same period.
Although in 2011, Europe dominated the Global thin film PV market, but Asia is expected to grow with relatively higher CAGR of 33.7% for the same period. In Application market, BIPV dominated and accounted for 45.5% of the share in 2010, followed Grid connected power supply, military & space, consumer electronics and others, respectively.