Global Thin Film Photovoltaics (PV) Market worth $19,422 million in 2015

Low cost and optimum efficiency of thin film PV cells is driving the growth of the thin film PV in overall photovoltaic market. The global Thin Film Photovoltaics (PV) – Advanced Technologies and Global Market (2008-2015) is expected to grow from $3,406 million in 2009 to $19,422 million in 2015, at an estimated CAGR of 32.2% from 2010 to 2015.

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Amorphous silicon market is contributing maximum to the total thin film photovoltaics market. On the other hand, CIS/CIGS are expected to grow with a maximum CAGR of 43.9% from 2010 to 2015, says the market report Thin Film PV- Advanced Technologies and Global Market (2008-2015).                  

With an increasing usage of thin film PV cells as isolated power sources in consumer electronics, military and space applications, etc., the market for grid-connected PV cells is also increasing at a decent pace. Ten years down the line grid connected power supply application is expected to dominate the market for which CIS/CIGS cells will be the most used thin film cell. With governments of almost every leading country encouraging the usage of PV cells through a number of initiatives and benefit schemes such as funding for the development of new plants, feed in tariffs and so on, it is expected that the thin-film PV cells market has the potential to overtake conventional and bulky silicon PV cells in the future.

The “Thin Film Photovoltaics (PV)- Advanced Technologies and Global Market (2008-2015)” report analyzes thin film PV market by different thin film PV cells and applications and studies the major market drivers, restraints, and opportunities and regions such as North America, Asia, Europe and Rest of World.

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