The
global solar cell films market stood at 9,393.78 USD Million in 2014
and is expected to reach 20,995.66 USD Million by 2023 growing at a
CAGR of 9.4% from 2015 to 2023.
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Solar Cell Films Market Report with Full TOC at
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High
demand for solar cell films has been witnessed across the globe over
the past decade, owing to the numerous benefits offered by solar cell
films. Low manufacturing costs, zero carbon emissions, and high
efficiency are some of the advantages of solar cell films. Amorphous
silicon, cadmium telluride, and copper indium gallium selenide are
the commonly used solar cell films. They are also known as thin film
solar cells. Rising air pollution levels, primarily from the power
sector boosts the demand for solar cell films.
Usage
of solar cell films in the power sector reduces the dependency of a
country on foreign imports of natural gas and coal. Additionally,
energy security can be maintained in the country with the application
of solar energy. Strong support from the government and active
participation from industry players are anticipated to augment the
growth of the solar cell films market at a significant rate in the
future.
Cadmium
telluride (CdTe) dominated the solar cell films market in terms of
volume in 2014. Demand for cadmium telluride solar cell films was
high in 2014 owing to their high efficiency, longer life span, and
low manufacturing costs as compared to other solar cell films.
Efficiency of cadmium telluride solar cell films is in the range of
16%-18%, whereas that of amorphous silicon solar cell is in 8%-10%
range. High sunlight absorbing power and higher electricity
generation rate make cadmium telluride solar cell films a preferred
choice over other solar cell films for generating electricity.
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High
demand for solar cell films has been witnessed in the commercial
sector owing to the high electricity demand, especially during peak
hours. Offices, shopping complexes, malls, and multiplexes are some
of the potential customers of solar cell films. Once installed, solar
cell films provide unlimited power supply and have low maintenance
costs as compared to nuclear power plants. Solar cell films can be
installed in any country due to high availability of solar energy.
Many countries are providing financial incentives and subsidies to
citizens for installing solar cell films at their residence and
office. Attractive feed-in tariffs are also provided in various
countries to citizens for supplying electricity to the grid.
Significant
demand for solar cell films has been witnessed in the residential
sector as well. Significant reduction in emissions and attractive
financial savings can be easily achieved by using solar cell films
for electricity generation. Solar cell films are useful for bridging
the demand-supply gap of electricity up to a certain extent in the
industrial sector as well.
Many
countries across the globe are using solar cell films for generating
electricity due to increasing pollution levels from conventional
resources such as coal and natural gas. Various countries are
promoting the use of solar cell films by providing financial
incentives and subsidies. Active participation from prominent
industry players for the promotion of solar cell films boosts the
demand for solar cell films at a significant rate throughout the
world.
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Press Release Of Solar Cell Films Market
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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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