Thin film solar panels are precise panels that are made by employing one or more layers of photovoltaic material on the surface, for illustration glass, plastic, or metal. The width of these solar panels is fluctuating from limited nano metres to the micrometers. They are moderately light weight & flexible. These panels are supreme for numerous applications, owing to their non-penetrating peel and elasticity. These are widely employee for commercial, residential, and utility purposes.
According to the research,’ Global Thin Film Solar Panels module Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ the key corporations functioning within the global thin film solar panels market are Sharp(JP), Solar Frontier(JP), First Solar(US), Stion(US), Hanergy (CN), ZSW(DE), SoloPower, Sentech(DE), Solar-Facts, CivicSolar, KANEKA Solar Energy, Flisom. Based on type, thin film solar panels market is divided as Cadmium Telluride (CdTe), Amorphous Silicon (a-Si), Copper Indium Gallium Selenide (CIS/CIGS) and others. A CIGS solar cell has superior performance effectiveness as compared to the other cells together with the reduced developed price and comprises tiny quantity of the toxic material. It is factory-made by depositing thin coating of indium, gallium, copper, and selenide on substrate. These materials have great absorption co-efficient that assistance to absorb more sunlight. Moreover, based on application, market is deliberated as automobiles, solar power station, buildings and others. The thin film solar panels market is motivated by upsurge within energy consumption, followed by expansion in installation tractability, growth in awareness toward enhancing green energy, and cost & performance effectiveness of thin film solar cell. Moreover, next generation thin film PV technologies, like organic PV, dye sensitized solar cells (DSCs), and perovskite PV, are being established. These next generation technologies are predictable to gain more importance within the extended term as they are believed to be advanced within terms of the energy generation capacity as well as elasticity. However, great initial manufacturing price along with technological difficulty associated with the use thin-film solar cells is predictable to hamper the market development.
Based on geography, global thin film solar panels market is deliberated into Europe, Asia-Pacific, North-America and rest of the world. The Europe is a foremost region in global market due to continual incidence of solar radiation and increase in use of renewable energy owing to widespread usage of hydropower within the region. The Asia-Pacific and North-America regions are predictable to exhibit considerable growth rate owing to development within acceptance of semiconductors in the electronics industry over the forecast period.
Factors, like low PV module prices and technological progressions made to improve the effectiveness of thin-film solar cells, are the main drivers of the market it is expected that global thin film solar panels market will be extended at speedy pace as a result of early adoption of equipment during the forecast period. Moreover, upsurge in research activities in the field of thin film solar cells and increase in environmental concerns are foreseeable to provide the substantial development opportunity within near future. Thus, it is predicted that the Global Thin Film Solar Panels Market can increase within approaching years.
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Ankur Gupta, Head Marketing & Communications