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Thin-Film Photovoltaic (PV) Cells Market Analysis to 2020 - CIGS (Copper Indium Gallium Diselenide) to Emerge as the Major Technology by 2020
Category: Investment, Photovoltaic, Renewable Energy
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July 2, 2010 (Investorideas.com renewable energy/green newswire, www.renewableenergystocks.com) - 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.
The report is built using data and information sourced from proprietary databases, primary and secondary research, and in house analysis by GBI Research’s team of industry experts.
The Evolving Thin Film industry Growth Trajectory to Gain Further Pace Going Forward
Thin-film PV technology witnessed minimal research activities since 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 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 that power calculators to sophisticated BIPV or solar charges for mobile devices. From a mere 14 MW production in 2001 the market has grown to reach 2141 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 the retrospect, the Thin Film module production is projected to grow at the rate of 24% from 2009 to reach 22,214 MW production by 2020.
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