CIGS Will Rule by 2020

flexible CIGS Will Rule by 2020

Research and Markets has announced the addition of the "Thin – FilmPhotovoltaic (PV) Cells Market Analysis to 2020 – CIGS (Copper IndiumGallium Diselenide) to Emerge as the Major Technology by 2020" report to its offering.

Thin – Film Photovoltaic (PV) Cells MarketAnalysis to 2020- CIGS (Copper Indium Gallium Diselenide) to Emerge asthe Major Technology by 2020 provides key information and analysis onthe market opportunities in the Global thin film Solar PV industry.

The report covers the key market drivers, restrains and growth forecast for major thin film technologies Amorphous silicon (a-Si), Cadium Telluride (Cdte), and Copper Indium Gallium Diselenide (CIGS). The report entails comprehensive analysis of thin-film module production, productioncapacity, key countries and key industry players. The key study focuseson the global thin film PV industry market outlook along withcomparative analysis of different technologies.

The report isbuilt using data and information sourced from proprietary databases,primary and secondary research, and in house analysis by a team ofindustry experts.

Evolving thinfilm industry growth trajectory to gain pace
Thin-film PVtechnology witnessed minimal research activities till the early 1980s.Post this period, it witnessed a constant advancement, in terms ofmanufacturing technology and materials used. The pursuit ofcost-effective electricity generating technology lured majorcorporations and investors towards the thin film PV industry.

The industry saw more than 100 companies entering the market between 2001and 2009. Thin film PV technology has seen a major development leap from only being associated with the little strip of PV cells used in powercalculators to sophisticated Building Integrated PV or solar charges for mobile devices.

From a mere 14 MW production in 2001 the market has grown to reach 2,141 MW in 2009, at a CAGR of 58 percent. Themarket outlook for the coming decade appears promising as the major thin film producing countries – Japan, China, and the US – are announcingaggressive support for renewable energy expansion through incentives and regulations.

In retrospect, the thin film module production isprojected to grow at the rate of 24 percent between 2009 and 2020, toreach 22,214 MW production by 2020.

Thin film technology gaining increasing share in solar PVindustry
Over period of time, the thin film technology hasbeen successful in grabbing a larger share of the PV market. Thin filmproduction market share in the global solar PV market grew from a mere2.8 percent in 2001 to 25 percent in 2009, thus dictating a growingshare in the future.

Thin film solar PV, as per GBI Research’sestimation, is set to increase its share to ~38 percent by 2020.Expectations are that, in the long-term, thin film solar PV technologywould surpass the dominating conventional solar PV technology, thusenabling the long sought-after grid parity objective.

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