Thin Film Solar Cells Technology and Market Forecast

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Thin Film Solar Cells Market size to grow at over
16 CAGR to reach 30 billion by 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Thin Film Solar Cells Market

• Cadmium telluride component is expected to exceed
  USD 20 billion by 2024 subject to its low
  manufacturing cost and high conversion
  efficiency. It has wide application in
  terrestrial power generation.
• Chile contributed over 50 of total regional
  revenue share in 2015 and is expected to reach
  over 300 MW by 2024. Abundant availability of
  resources with huge untapped potential will
  propel the thin film solar cells market size in
  coming years.
• UK thin film solar cells market share was over
  25 of total revenue regional share in 2015 and
  in term of volume, is estimated to exceed 4GW by
  2024. Government focus toward adoption of
  sustainable energy would favor the business.

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Continued...

• Commercial thin film solar cells market share was
  valued over USD 1 billion in 2015 and in term of
  volume is anticipated to witness growth over 15
  by 2024, growing demand for uninterrupted power
  supply will favor the industry growth.
• China thin film solar cells market size
  contributed over 40 of total regional capacity
  in 2015 and in term of revenue is expected to
  witness a substantial growth over 15 from 2016
  to 2024 owing to large implementation of PV
  projects. PV poverty allegation program of China
  has a target to install total 10GW of PV by 2020.
• South Africa demand was over 20MW in 2015,
  growing demand for thin film panel primarily from
  small scale applications will drive the Middle
  East and Africa thin film solar cells market.
• Major participants in the industry are Ascent
  Technologies Inc., Hankey Asia Ltd., MiaSole
  Hi-Tech Corp., First Solar, Global Solar, Inc.,
  SOLAR FRONTIER K.K., Trony, Oxford Photovoltaics,
  Xunlight Kunshan Co. Ltd and others.

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360 Analysis

• Product Trends
• Thin film solar cells market share from copper
  indium gallium diselenide is expected to exceed
  USD 8 billion by 2024 owing to its high
  absorption coefficient features. This features
  enables cells to absorb more sunlight as compared
  to other alternatives.
• Regional Trends
• Chile contributed over 50 of total regional
  revenue share in 2015 and is expected to reach
  over 300 MW by 2024. Abundant availability of
  resources with huge untapped potential will
  propel the thin film solar cells market size in
  coming years.
• UK thin film solar cells market share was over
  25 of total revenue regional share in 2015 and
  in term of volume, is estimated to exceed 4GW by
  2024. Government focus toward adoption of
  sustainable energy would favor the business.
• Competitive Market Share
• Major participants in the industry are Ascent
  Technologies Inc., Hankey Asia Ltd., MiaSole
  Hi-Tech Corp., First Solar, Global Solar, Inc.,
  SOLAR FRONTIER K.K., Trony, Oxford Photovoltaics,
  Xunlight Kunshan Co. Ltd and others.

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