Thin Film Solar Cell Market 2020 Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2024
Category: #technology  By Ronak Bora  Date: 2020-01-15
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Thin Film Solar Cell Market 2020 Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2024

Driven by the high absorption rate, thin film solar cell market share from copper indium gallium di-selenide (CIGS) is projected surpass revenue collection of USD 8 billion the end of 2024. The involvement of research companies in CIGD photovoltaic projects to overcome the challenges associated with the existing devices is expected to enhance product demand over the coming timeframe.

The global thin film solar cell market growth will be propelled by shifting focus of regional governments toward deployment of renewable energy resources.

Based on component, copper indium gallium di-selenide (CIGD) is one of the significant contributors toward increasing thin film solar cell market. The numerous application benefits associated with CIGD are the major driving factors of this component segment over the last few years.

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CIGD thin film technology possesses high absorption rate enabling the solar devices to achieve highest efficiency. CIGD devices also provide tandem designs which are attracting more consumers. Ever changing manufacturing techniques to enhance the performance of CIGD devices will further propel copper indium gallium di-selenide based market share.

UAE thin film solar cell market has been witnessing the emergence of huge number of energy players equipped with innovative business models. Despite high solar irradiance across the region, the technology breakthroughs have been transforming the prospects of solar energy across Middle East and Africa.

Ever expanding commercial as well as industrial sectors across UAE have been significantly boosting thin film solar cell market. Taking into consideration the environmental constraints of the region, solar panel manufacturers have been introducing a new range of panels which maintain high efficiency. The development of advanced solar panels that are suited for UAE and MEA climatic conditions have been helping the market players expand their regional scope, augmenting the industry outlook.

Regionally, Latin America and Middle East and Africa are notable revenue pockets spanning thin film solar cell market landscape. These regions depict huge business potential for solar cells manufacturers mainly due to growing awareness among the regulators to deploy photovoltaic cells for cost-effective and efficient energy alternatives.

The average capacity factor of PV across Brazil is 20% which is equivalent to 5 kWh/m2/day. Photovoltaic technology has emerged as best economical and technical solution across Brazil pertaining to less local consumption and distributed consumer base. The deployment of policies to support PV technologies will accelerate Brazil thin film solar cell market forecast.

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Chile is also another lucrative revenue pocket augmenting Latin America thin film solar cell market outlook. In 2015, Chile accounted for more than 50% regional share of LATAM thin film solar cell industry and is predicted to reach more than 300 MW by the end of 2024. The ample availability of resources along with large untapped industry potential across Chile is poised to strengthen regional market trends over the forecast timeframe.

Some Points From Table Of Content: -

Chapter 4     Thin Film Solar Cells Component Insights

4.1    Thin film solar cell market share by component, 2015 & 2024

4.2    Cadmium Telluride

4.2.1    Global market estimates and forecast from cadmium telluride, 2013 - 2024

4.2.2    Global market volume from cadmium telluride, by region, 2013 - 2024

4.2.3    Global market revenue from cadmium telluride, by region, 2013 - 2024

4.3    Amorphous Silicon

4.3.1    Global market estimates and forecast from amorphous silicon,    2013 - 2024

4.3.2    Global market volume from amorphous silicon, by region, 2013 – 2024

4.3.3    Global market revenue from amorphous silicon, by region, 2013 - 2024

4.4    Copper Indium Gallium Diselenide

4.4.1    Global market estimates and forecast from copper indium gallium diselenide, 2013 - 2024

4.4.2    Global market volume from copper indium gallium diselenide, by region, 2013 – 2024

4.4.3    Global market revenue from copper indium gallium diselenide, by region, 2013 - 2024

Chapter 5     Thin Film Solar Cells Connectivity Insights

5.1    Thin film solar cells industry share by connectivity, 2015 & 2024

5.2    On-Grid

5.2.1    Global market estimates and forecast from on-grid, 2013 - 2024

5.2.2    Global market volume estimates from on-grid, by region, 2013 - 2024

5.2.3    Global market revenue estimates from on-grid, by region, 2013 - 2024

5.3    Off Grid

5.3.1    Global market estimates and forecast from off grid, 2013 - 2024

5.3.2    Global market volume estimates from off grid, by region, 2013 – 2024

5.3.3    Global market revenue estimates from off grid, by region, 2013 – 2024

Browse Complete Table of Content @ http://decresearch.com/toc/detail/thin-film-solar-cells-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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