Commercial Roofing Materials Market Global Scenario Global Thin Films Photovoltaic Market
Global Thin Films Photovoltaic Market is Expected to Reach
$240 Billion, by 2024, Says Variant Market Research
Global Thin Films Photovoltaic Market is estimated to reach $240 billion by 2024;
growing at a CAGR of 32.3% from 2016 to 2024. Thin films photovoltaic (PV) cells
require very little or almost no silicon as compared to crystalline PV cells. Thin films
photovoltaic systems are being highly demanded globally owing to its various features
such as flexibility, and shorter energy payback times as compared to crystalline PV
cells. It gives better performance even in low light conditions, which has increased its
dominance in the market.
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categories/semiconductor-electronics/thin-films-photovoltaic-market
Rise in energy cost, low manufacturing cost of PV cells, and silicon shortage are the
major factors driving the global thin films photovoltaic market. Moreover, increase in
environment temperature due to climate change has also moved consumers towards
the adoption of photovoltaic (PV) technologies. However, high cost of photovoltaic