Global Thin Film Photovoltaics (PV) Market, By Type (Organic, Inorganic), By Materials (Copper, Alum

Published Date: | Report Code : EP1958657

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Global Thin Film Photovoltaics (PV) Market, By Type (Organic, Inorganic), By Materials (Copper, Aluminum, Others), By Application (Residential, Industrial, Commercial), By Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & forecasting (2016-2025)

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Domain : Energy

Report Code : EP1958657

Status : Upcoming

Market Dynamics

The Global Thin Film Photovoltaics (PV) market is expected to promise high growth owing to the increasing demand for Increasing use of solar power in recent years. Increasing demand from Applications including (Residential, Industrial, Commercial) is expected to drive the growth of the global thin-film photovoltaics (PV) market. This market has witnessed a number of key developments by major companies including Kyocera Corporation, Mitsubishi Electric Corporation, Kaneka Corporation, Sharp Corporation, Panasonic Corporation, ReneSola Co. Ltd., JA Solar Co. Ltd., Suntech Power Holdings Co. Ltd., and Yingli Green Trina Solar. with a focus on organic as well as inorganic growth strategies. Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

Thin-film photovoltaics are an alternative to solar photovoltaics. These are more energy-efficient as they are coated with photosensitive chemicals that help capture sun rays and convert the solar light to electricity with the help of inverters. These PVs are highly energy-efficient and also cost-efficient too.

On the basis of the type, the market is bifurcated as organic and inorganic. The organic segment is the largest because of the photoactive layers that are composed of acceptor and donor semiconducting materials to generate currents. This makes the organic photovoltaics capture large amounts of sun rays and convert them into electricity.

Segment Analysis

Based on the Materials, the market is segmented as Copper, Aluminum, and Others.

By the basis of application, the thin-film PV market is divided as residential, industrial and commercial. The commercial sector is the most dominant among the applications, due to the various policies and provisions provided by the government.

The APAC region is the leading region for this market. Due to the growing population and the increasing disposable income, the demand for energy is ever-increasing in this region. The countries in South Asia such as China and India are countries which are rich in sunlight, thus the governing bodied are taking measure to ensure that this is being utilized. This, in turn, is driving the market for thin photovoltaic cells.

Key Factors Impacting Market Growth:

  • Increasing the use of solar power

  • Rising concerns over the reduction of carbon footprint

Regional Analysis

The regional outlook for growth of the global thin-film photovoltaics (PV) market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for the global thin-film photovoltaics (PV) market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of the global thin-film photovoltaics (PV) market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on. Asia Pacific is estimated as one of the fastest-growing regions for the growth of the global thin-film photovoltaics (PV) market during the forecast period. Some of the fastest-growing economies and increasing demand for energy & power to cater to high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. The rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: Kyocera Corporation, Mitsubishi Electric Corporation, Kaneka Corporation, Sharp Corporation, Panasonic Corporation, ReneSola Co. Ltd., JA Solar Co. Ltd., Suntech Power Holdings Co. Ltd., and Yingli Green Trina Solar.

Market Segmentation:

By Type:

  • Organic

  • Inorganic

By Materials:

  • Copper

  • Aluminum

  • Others

By Application:

  • Residential

  • Industrial

  • Commercial

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Materials

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Materials

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Materials

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Materials

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Materials

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Materials

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global Thin Film Photovoltaics (PV) Market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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