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| Thin-film PV technology witnessed minimal research | | | | CIGS technology is gaining more popularity than other |
| activities till the early 1980's. Post this period, it | | | | thin-film technologies due to its higher efficiency and |
| witnessed a constant advancement, in terms of | | | | reduced manufacturing costs. The success of CIGS |
| manufacturing technology and materials used.The | | | | cells depends on the efficiency, and a faster and |
| pursuit of cost-effective electricity generating | | | | cheaper manufacturing process. The future of CIGS |
| technology lured major corporations and investors | | | | technology is encouraging as a lot of venture |
| towards the thin film PV industry. The industry saw | | | | capitalist firms are investing in it. Investments in |
| more than 100 companies entering the market | | | | excess of $2 billion have already been made in the |
| between 2001 and 2009. Thin film PV technology has | | | | CIGS market by various companies. CIGS will most |
| seen a major development leap from only being | | | | likely be the face of thin film solar PV technology in |
| associated with the little strip of PV cells used in | | | | the future. The technology's value proposition is that |
| power calculators to sophisticated Building Integrated | | | | it offers combined advantages of both c-Si, which |
| PV or solar charges for mobile devices. From a mere | | | | gives relatively good efficiency and thin-film PV |
| 14 MW production in 2001 the market has grown to | | | | technologies, which claim potential advantages on |
| reach 2,141 MW in 2009, at a CAGR of 58%. The | | | | cost, flexibility, weight, and manufacturability. From |
| market outlook for the coming decade appears | | | | 2010, CIGS segment is expected to capture the |
| promising as the major thin film producing countries - | | | | maximum share in the thin film module market as |
| Japan, China, and the US - are announcing aggressive | | | | most of the CIGS manufacturers will begin to attain |
| support for renewable energy expansion through | | | | production cost and conversion efficiencies on par |
| incentives and regulations. In retrospect, the thin film | | | | with other thin film technologies especially Cdte. |
| module production is projected to grow at the rate | | | | GBI Research's new report, "Thin - Film Photovoltaic |
| of 24% between 2009 and 2020, to reach 22,214 | | | | (PV) Cells Market Analysis to 2020- CIGS (Copper |
| MW production by 2020. | | | | Indium Gallium Diselenide) to Emerge as the Major |
| Over period of time, the thin film technology has | | | | Technology by 2020" provides key information and |
| been successful in grabbing a larger share of the PV | | | | analysis on the market opportunities in the Global thin |
| market. Thin film production market share in the | | | | film Solar PV industry. The report covers the key |
| global solar PV market grew from a mere 2.8% in | | | | market drivers, restrains and growth forecast for |
| 2001 to 25% in 2009, thus dictating a growing share | | | | major thin film technologies – Amorphous silicon |
| in the future. Thin film solar PV, as per GBI | | | | (a-Si), Cadium Telluride (Cdte), and Copper Indium |
| Research's estimation, is set to increase its share to | | | | Gallium Diselenide (CIGS). The report entails |
| ~38% by 2020. Expectations are that, in the | | | | comprehensive analysis of thin-film module production, |
| long-term, thin film solar PV technology would surpass | | | | production capacity, key countries and key industry |
| the dominating conventional solar PV technology, thus | | | | players. The key study focuses on the global thin film |
| enabling the long sought-after grid parity objective. | | | | PV industry market outlook along with comparative |
| For more information please click or add the below | | | | analysis of different technologies. |