Tuesday, 2 May 2017

Thin Film Solar Cells Market share to grow at 16% CAGR from 2016 to 2024

The industry analysis report Thin Film Solar Cells Market Size By Component (Cadmium Telluride (CDTE), Amorphous Silicon (A-Si), Copper Indium Gallium Diselenide), By Connectivity (On-Grid, Off Grid), By Application (Residential, Commercial, Utility), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, Spain, France, China, India, Japan, Australia, UAE, South Africa, Brazil, Chile, Argentina), Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, by Global Market Insights, Inc. says Thin Film Solar Cells Market size is likely to exceed USD 30 billion by 2024; driven by growing demand for sustainable energy.

Technological breakthroughs along with growing energy conservation will result in decrease of component costs, thereby benefitting the industry expansion. In addition to this, growing need for uninterrupted power supply from off grid regions will elevate the demand for renewable energy which will further accelerate the product demand.

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Efforts to reduce fossil fuel depletion along with strict legislations to maintain green environment will accelerate Thin film solar cell market expansion over the coming years. Furthermore, escalating requirement for electricity across the rural areas in emerging economies is expected to drive the market trends over the years to come.

Based on the component trends, Thin film solar cell industry is segmented into cadmium telluride, copper indium gallium diselenide, and amorphous silicon. Cadmium telluride Thin film solar cell industry revenue is anticipated to hit USD 20 billion by 2024, driven by its extensive use across terrestrial power generation plus its high rate of conversion as well as low manufacturing costs. Amorphous silicon Thin film solar cell industry is projected to display a considerable growth over the span of few years, owing to its extensive applications across solar wristwatches, garden lights, and electronic calculators.

Thin film solar cell are highly popular across utility, residential, and commercial sectors. Commercial application, which accounted over 19% of the overall revenue in 2015, is anticipated to witness a considerable expansion over the coming period of 2016 to 2024. High demand for sustainable power supply and rise in the number of electrification programs is projected to drive the revenue. Thin film solar cell market share across the residential sector is expected to grow noticeably over years to come, due to the increase in the rooftop installations.

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Below are the regional trends of Thin film solar cell market over 2016-2024

·         Large scale availability of natural resources with unexplored potential is anticipated to boost Chile Thin film solar cell market value over the years to come.

·         UK Thin film solar cell market share is expected to witness a high surge over the coming timeline, driven by high government focus toward acceptance of sustainable energy. 

·         Growing need for PV installations across the residential sector along with favorable rules to encourage the use of renewable energy will stimulate U.S. Thin film solar cell industry growth.

Key industry players include Ascent Technology Inc., MiaSole Hi-Tech Corporation, First Solar, Hankey Asia Ltd, Oxford PV, and Xunlight Kunshan Co. Ltd.

Table of Contents

Chapter 1     Methodology & Scope

1.1    Research Methodology
1.1.1    Initial data exploration
1.1.2    Statistical model and forecast
1.1.3    Industry insights and validation
1.1.4    Research scope and assumptions
1.2    List of Data Sources
1.2.1.    Primary
1.2.2.    Secondary

Chapter 2     Executive Summary

2.1    Thin film solar cells industry 3600 synopsis, 2013 - 2024
2.1.1    Current business environment
2.1.2    Component trends
2.1.3    Connectivity trends
2.1.4    Application trends
2.1.5    Regional trends

Chapter 3     Thin Film Solar Cells Industry Insights

3.1    Industry segmentation
3.2    Industry size, forecast and growth prospects and growth prospects, 2013 – 2024
3.3    Thin film solar cells industry ecosystem analysis
3.4    Vendor matrix
3.5    Innovation & sustainability
3.6    Regulatory framework
3.6.1    U.S.
3.6.2    India
3.6.3    Europe
3.6.4    China
3.7    Price trend analysis
3.8    Thin film solar cells industry dynamics
3.8.1    Growth drivers   Growing demand for sustainable energy   Decreasing solar component price   Favorable government initiatives   stringent emission control norms
3.8.2    Industry pitfalls & challenges   Lack of awareness
3.9    Key growth opportunities
3.10  Porter’s analysis
3.11  Competitive landscape, 2015
3.11.1    Strategy dashboard
3.12  PESTEL analysis

Browse key industry insights spread across 117 pages with 368 market data tables & 11 figures & charts from this report Thin Film Solar Cells Market in detail along with the table of contents at:

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