Global Solar PV Market Volume to Reach 15,895 MW by 2020

Research and Markets, a leading source for international market research and market data, has added a new report to its schedule titled, "Thin-Film PV - Global Market Size, Price Analysis, Regulations and Competitive Landscape to 2020."

Silicon-based technology is currently dominating the global solar photovoltaics (PV) market. The production of thin-film technology, which advanced from the early 2000s, remained at the peripheral level until 2006. Since the supply of crystalline silicon PV underwent a polysilicon shortage and turned out to be prohibitively expensive, the solar PV module manufacturers have shifted their focus to thin-film module technology, and from then on thin-film modules’ market presence has increased in the solar PV market and it grew to 17% in 2010 from 8% in 2006.

This market research report explains about the growth of global thin-film market. Over the past five years, the global thin-film market has grown remarkably. Production increased at a Compounded Annual Growth Rate (CAGR) of 105% over the period 2006-2010. Various market drives, including the development of desirable policies by federal governments, advancements in thin-film technology and a recession in the supply of Crystalline Silicon (c-Si) modules as a result of polysilicon shortage, have led to the market growth. During this period, many new manufacturers arrived and settled crystalline module manufacturers expanded their profits, decreased risks and increased their product portfolios.

Thin-film production attained 3,627 MW and seized 17% of the solar PV market by 2010. The global solar PV market is expected to reach 15,895 MW by 2020 at a CAGR of 16%.

This new report from GlobalData provides detailed information as well as knowledge about the thin-film photovoltaic (PV) industry. The research details the thin-film PV market volume and provides forecast and historical review of the global thin-film production. It also explains about the major players in the three thin-film technologies: CIGS, CdTe and amorphous silicon.

Source: http://www.researchandmarkets.com/

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