Thin Film Photovoltaics Market Strategic Initiatives, Driver
Relevance, Segmentation By 2022
“Thin Film Photovoltaics (PV) Market is expected to grow significantly over
the forecast period owing to the speedy advancements in thin film technology.
The most common types of PV cells used worldwide are thin film PV cells and
crystalline silicon.”
Global Thin Film Photovoltaics (PV) Market is expected to grow significantly over the forecast period owing to
the speedy advancements in thin film technology. The most common types of PV cells used worldwide are thin
film PV cells and crystalline silicon. Formerly, market was ruled by crystalline silicon PV cells. However, thin film
has gained popularity in the recent past. Thin film PV primarily consists of copper-indium diselenide (CIS),
amorphous silicon (a-Si), cadmium telluride (CdTe) and copper indium gallium diselenide (CIGS).
Photovoltaics are also known as solar cells. They are electronic devices which directly converts sunlight into
electricity. Thin film photovoltaics are made by putting one or more thin layers of photovoltaic (PV) material on
a substrate such as plastic, metal or glass. Thickness of the film can range from few nanometers to micrometers.
This is relatively thinner than its competitor’s crystalline silicon solar cells technology which uses wafers up to
200 micrometers. This permits thin film cells to be lower in weight, flexible and have less friction or drag. It can
be used as a semi-transparent photovoltaic glazing material that can be plastic-coated on the windows.
Photovoltaics incur relatively less operating costs and are reliable, safe and can be easily installed. The quest for
economical technology for generating electricity attracted major investors and corporations towards thin film
PV – advanced technologies industry. The industry witnessed over 100 companies entering into the market.
There was a growing need for thin film PV advanced technologies to constantly increase its productivity. This
led to high energy production and lower system costs.
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