Thin film Solar Collectors Market Outlook 2020 - Market Analysis by Geography, Type, Competitive Landscape, Key Company Information - Growth Trends and Forecasts
The global thin film solar collectors market is expected to grow at a CAGR of XX percent and reach USD XX billion in 2020 form USD XX billion in 2015.
Thin film type of solar collector reduces the amount of material present in the cell. This helps to sandwich the material between two glasses and will be compact.
With the annual production estimated to reach 500GW by 2020, from 40 GW in 2013 making this market fastest growing one. It is a billion dollar market with China leading the market of producing Photo voltaic cells. Germany is one of the leading countries for installing Photovoltaic across the country has an installed capacity of 37 GW. It leads the pack with China, United States of America, Japan and Italy closely on its heels.
With fossil fuel prices fluctuating continuously and disasters like Fukushima and Chernobyl raising serious questions about nuclear power renewable sources of energy are the answer to the worlds growing need of power. Hydro Power has environmental concerns so apart from water the other renewable source of energy in abundance is Solar. The Earth receives 174 Petawatts of solar energy every year. It is the largest energy source on the Earth. Other resources like oil and gas, water, coal etc. require lot of effort and steps to produce electricity, solar energy farms can be established easily which can harness electricity and the electricity produced is simply given to the grid.
The main concern regarding the solar power is the initial cost of Photovoltaic cells. This cost incurred is a one-time investment and solar panels have a very negligible maintenance cost. There are other concerns like solar power is an intermittent energy source. This problem is solved by connecting the solar panels to the grid so excess power can be saved and can be used any other time. This unreliability of solar power is not a lot compared to the fluctuation of oil and gas supply in the world.
In the recent years lot of research is going on in this field to make production easier and also to make the solar panels smaller and more customers friendly. Lot of efforts are being made to increase the efficiency of solar panels which used to have a very meagre efficiency percentage. Different techniques like Nano-crystalline solar cells, thin film processing, metamorphic multijunction solar cell, polymer processing etc. will help the future of this industry.
Key Deliverables in the Study
Market definition along with the identification of key drivers, restraints and opportunities
Market analysis for the thin film solar collectors market with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Insights on the major countries/regions in which this industry is growing and to also identify the regions that are still untapped.
Extensively researched competitive landscape section along with list of key companies and their market shares.
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