In a recent published report, Kenneth Research has updated the market report for Thin Films Photovoltaic Market for 2024 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2024- Positive Growth in the economic demand and supply.
According to the statistics by the Organization for Economic Co-operation and Development (OECD), the United States recorded to be the largest exporters of international trade in services amongst all the OECD nations with a value worth USD 827 billion in the year 2018.
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Global Thin Film Photovoltaic Market is estimated to reach $240 billion by 2024 with CAGR of 32.3 % between 2016 and 2024. Thin Film Photovoltaic is designed to convert solar energy into electrical energy. It consists of layers of micron thick semiconductor materials that are deposited on a flexible or rigid substrates. These cells require limited or almost no silicon as compared to crystalline PV cells. Several types of thin film photovoltaic cells are available and are used in various industries owing to its low cost and efficiency in producing electricity. They have the ability to perform even in low light conditions, which has increased its dominance in the market. Increasing energy cost, silicon shortage and low manufacturing cost of PV cells are the key factors supporting the growth of the thin film photovoltaic market. Moreover, the ever-changing climatic conditions has moved the consumer’s preference toward the adoption of photovoltaic technologies have also fueled the growth of the market. Though, high cost of these technologies may hinder the growth of the market. Nevertheless, technological advancements can provide numerous growth opportunities in coming years.
The global thin films photovoltaic market is segmented by type, component, and application. The segment by type includes inorganic and organic photovoltaic. The component segment is further categorized into Tracker, thin film PV cells, Modules, crystalline silicon PV cells, and Optics. By application, the thin film photovoltaic market is segmented into military, utility, consumer, residential and non-residential sectors.
Based on geography, the market has been segmented into North America, Europe, Asia Pacific and RoW. The U.S., Canada, and Mexico are covered under North America wherein Europe covers Germany, France, UK, Italy, Spain and others. Asia-Pacific covers China, India, Japan, and others. Rest of the World (RoW) covers South America, Middle East and Africa.
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Major companies operating in this market are Mitsubishi Electric Corporation, SoloPower Systems Inc., Yingli Solar, JA solar Co. Ltd., Kyocera Corporation, Suntech Power Holdings Co. Ltd., Sharp Corporation, Jinko Solar, Panasonic Corporation, and Kaneka Corporation, among others.
The key takeaways from the report:
The report will provide detailed analysis of Thin Films Photovoltaic Market with respect to major segments such as type, component and application
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities is included in the report.
An exhaustive regional analysis of Thin Films Photovoltaic Market will be provided in the report.
Profile of the key players in the Thin Films Photovoltaic Market will be provided, which include key financials, product & services, new developments and business strategies.
Scope of Thin Films Photovoltaic Market
Type Segments
Inorganic Photovoltaic
Organic Photovoltaic
Component Segments
Tracker
Thin Film PV Cells
Modules
Crystalline Silicon PV Cells
Optics
Application Segments
Military
Utility
Consumer
Residential
Non-Residential Sectors
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Geographical Segments
North America
US
Canada
Mexico
Europe
Germany
France
United Kingdom
Spain
Others
Asia-Pacific
China
India
Japan
South Korea
Others
RoW
South America
Middle East
Africa
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