Revised NanoMarkets Numbers Show Thin Film Photovoltaic Cell Market at $4.6 Billion by 2011
GLEN ALLEN, Va., Dec. 10 /PRNewswire-FirstCall/ — NanoMarkets, a leading industry analyst firm based here, today announced it has released an updated analysis of the thin-film photovoltaics (TFPV) markets. The firm projects that after a few lean years in 2009 and 2010 for the TFPV business higher growth rates will return in 2011. The firm’s new analysis and forecast projects revenues of $4.6 billion in 2011 that will grow to just over $14 billion in 2015. Additional details about the report are available at www.nanomarkets.net.
According to NanoMarkets, several factors are combining to make the near-term prospects for TFPV less rosy than had once been hoped. The global economic situation is having wide ranging impacts on the thin-film solar business. The recession in the construction industry will dampen demand for solar panels in 2009 and 2010, depressed oil prices will make it harder to make the case for solar and other forms of alternative energies and competition for capital will limit funding for R&D. Furthermore, the shortage of crystalline silicon that was one of the initial drivers for TFPV has been resolved. Add in the capacity that is coming on line to meet expected demand and the market certainly has factors to overcome.
Nonetheless, NanoMarkets does not believe that the thin-film solar business will evaporate. The unique combination of flexibility, low weight and low cost promised by TFPV will enable the technology to continue to penetrate the solar market as a whole. First Solar has already demonstrated how commercially successful its thin-film CdTe cell technology can be and NanoMarkets also expects to see a major ramp up in CIGS solar panels in the early 2011 timeframe. Indeed, as CIGS begins to fulfill its mission of combining high efficiencies with all the advantages of TFPV, NanoMarkets expects firms that are now focused on other materials platforms to switch to CIGS.
About the Report:
NanoMarkets’ report, Thin Film Photovoltaics Markets: 2008 and Beyond (Revised Edition) quantifies the opportunities for PV based on amorphous and other forms of thin-film silicon, CdTe, CIS/CIGS, GaAs as well as novel thin-film materials such as nanomaterials. Applications for TFPV discussed in this report include electric utilities, commercial and industrial buildings, residential buildings, and military and emergency applications.
Detailed volume and value forecasts are provided for each application. In addition, the report includes possible high-end and low-end scenarios for TFPV markets. These scenarios enable the TFPV community to plan successfully for the highly uncertain future that they now face. We have also included revised discussions of influential suppliers of TFPV products taking into account announcements and developments since the original version of this report. This new analysis shows the latest thinking on TFPV product development and R&D.
NanoMarkets tracks and analyzes emerging market opportunities in electronics created by developments in advanced materials. The firm has published numerous reports related to organic, thin film and printable electronics materials and applications and maintains a blog at www.nanotopblog.com that comments on industry trends and events. NanoMarkets research database is the industry’s most extensive source of information on thin film, organic and printable (TOP) electronics. Visit www.nanomarkets.net for a full listing of NanoMarkets’ reports and other services.
Web site: http://www.nanomarkets.net/