The
global solar cells market will expand at a CAGR of 9.40% from 2015 to
2023. If the figure holds true, the valuation of the market will be
US$20.9 bn by the end of the aforementioned forecast period; the
market stood at US$9.4 bn in 2014.
In-depth
research report on Solar Cell Films Market with Full
TOC at :
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Owing
to the numerous benefits of solar cell films, the demand for the same
has been on the rise over the past few years, thereby benefitting the
solar cells market, says the report. Second-generation solar cell
films are exemplary with respect to the advantages they offer over
their predecessors, which used a much thicker wafer. The advantages
of solar cell films include low manufacturing costs, high product
efficiency, and zero carbon emissions, which serve the energy needs
in an economic manner with a consideration of the environment as
well.
The
use of solar energy reduces the dependency on conventional fuels for
energy needs. This helps save conventional fuels for high-intensity
energy production, where solar energy is not effective. Thus, energy
security for the long run is ensured as well. In this pursuit,
environmental and government agencies are offering subsidies to
promote the utilization of solar cell films for commercial and
domestic energy needs.
The
report divides the global solar cell films market on the basis of
product type, end use, and geography. By product type, amorphous
silicon, copper indium gallium selenide, and cadmium telluride are
the segmnets of the market, amongst which cadmium telluride led the
overall market in 2014. The reasons for the high demand for cadmium
telluride are longer life, low manufacturing cost, and high product
efficiency in the range of 16%-18%, which is the highest among solar
cells. The efficiency of cadmium telluride is due to its high
sunlight absorption power, which in turn accelerates the energy
output of these cells, due to which they are preferred over other
solar cell films.
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Industrial,
commercial, and residential are the major end-use segments of the
solar cell films market. The commercial sector exhibits the highest
demand for solar cell films due to high electricity needs, especially
during peak working hours. The advantage of solar cell films for the
commercial sector lies in its unlimited capacity of power supply and
low maintenance cost, because of which the energy source is viable
for offices, malls and multiplexes, and shopping complexes.
To
promote the utilization of solar energy in the commercial sector,
governments in several countries, especially in countries that are
close to the equator and have high-intensity sunlight for a major
part of the year, are offering financial incentives and complimentary
installations to harness the energy. Attractive feed-in tariffs are
also provided for citizens who supply excess electricity to the grid.
Some
major companies operating in the solar cell films market are Heliatek
GmbH, 3M, First Solar Inc., and Stion Corporation, among others.
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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Article Of Solar Cell Films Market :
http://www.transparencymarketresearch.com/article/solar-cell-films-market.htm
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