The thin film solar cell market in 2024 will exceed $30 billion -Power Kingdom

by:Power Kingdom     2020-08-27
In the next few years, to improve the energy efficiency of stringent guidelines coupled with the growing demand for electricity in remote areas, will promote the thin film solar cell market growth. In addition, greater use of clean energy technology with global efforts to curb greenhouse gas emissions, is expected to promote the development of industry. According to Market research firm Global Market Insights to the report, by the year 2024, thin film solar cell Market value estimate will exceed $30 billion. Due to the introduction of new technology, spare parts cost is reduced, will promote the market growth in the future. To reduce the energy consumption of more and more of the worldwide research and development activities will further promote the growth of thin film solar cell industry. Commercial, public utilities and residential industry will be on thin film solar cells, there is huge demand. The rising demand for electricity, power projects an increase in the number of would promote business scale. Due to the increase in roof deployment, residential area of thin film solar cell industry revenue will surge in the next seven years. An increase in investment in renewable energy projects around the world, in order to reduce energy consumption, to further promote the growth of the industry. The main components including cadmium telluride thin film solar cells, two copper indium gallium selenide and amorphous silicon. Low manufacturing cost and is widely used in the field of power generation will stimulate fuel the growth of cadmium telluride thin film solar cell industry. The next seven years, amorphous silicon thin film solar cell market there will be significant growth, thanks to its in electronic calculators, solar power watches, thin film transistor in use. Copper indium gallium selenide industry scale is expected to be up to $8 billion in 2024, driven by the ability to absorb more sunlight. The following is 2016 - Regional trend of thin film solar cell market in 2024: the ground installation of photovoltaic system deployment and maintenance of green environmental regulation trend will become thin film solar cell industry key driver of growth in Europe. Britain is expected to improve regional share. The Middle East and Africa, thin film solar cell market scale is expected in 2016 - 2424 years, which would be increased significantly, from off-grid power increasing popularity. South Africa will be a great contribution to the regional income. In the next few years, plenty of untapped resources will promote the thin-film solar cell industry in Latin America. Chile is expected to be regional source of income. Electricity demand is high, and large-scale deployment of photovoltaic (pv) project, will in the next few years to promote the asia-pacific scale thin film solar cell industry. China is probably the region's main source of income. North America, thin film solar cell market will experience significant growth in the future time, encourage the use of renewable energy initiatives by the government and residential areas of the high demand for pv systems. The United States in the next seven years is expected to account for most of the regional income.
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