Global Silicon Thin Film Solar Cell Market Overview:
The silicon thin solar cell is the second generation solar cell that is made by depositing one or more thin layers or thin film of photovoltaic material. Silicon Thin-film solar cells will become significant renewable resources for sustainable energy supply in the future. It offers the most promising options for substantially reducing the cost of photo-voltaic systems and allows high market penetration of solar electricity. While the amorphous silicon, which was used to power small electronic devices such as calculators.
Market Drivers
- Silicon Is Less Expensive To Manufacture Compared To Crystalline Silicon As Well As Most Other Semiconducting Materials
- Growing use due to small space requirement
- They Are More Flexible And Easier To Handle
Market Trend
- Highly demanded in small electronic devices, due to their simplistic design and low efficiency
Restraints
- Problems Like Lower Efficiency
Opportunities
- Growing Researches In Space Technology Used For Satellites And Telescopes
- New Studies And Technological Researches For Effective Solar Panel And Cells Are In Process And Progress
Challenges
- High-Cost Associated With The Product
- Performance Levels May Reduce Due To Increase In Temperature
Competitive Landscape:
The renewable resources are on a hike in the market as it is one of the alternatives for electricity. The leading manufacturers increasing competition due to new products, many new entrants in manufacturing are rising due to need in the market for solar cell /panels. There is strong competition between rivalry and local firms. There is also an option of merging and acquisitions to increase production and earn more profit.
Some of the key players profiled in the report are First Solar (Unites States), Oxford Photovoltaic’s (United Kingdom), Ascent Solar Technologies Inc (Unites States), Global Solar, Inc (United States), SOLAR FRONTIER K.K (Japan), Trony Solar (China), Mitsubishi Electric (Japan), Jinko Solar (China), Trina Solar (China) and Hitachi (Japan). Additionally, following companies can also be profiled that are part of our coverage like Toshiba (Japan), Sanyo (Japan), MiaSole Hi-Tech Corp (United States), SoloPower Systems (United States) and General Electric (United States). Considering Market by Silicon , the sub-segment i.e. Amorphous silicon (a-Si) will boost the Silicon Thin Film Solar Cell market. Considering Market by Installation, the sub-segment i.e. On-grid will boost the Silicon Thin Film Solar Cell market. Considering Market by Thickness Of Film, the sub-segment i.e. 1-2 micrometers will boost the Silicon Thin Film Solar Cell market. Considering Market by End-User, the sub-segment i.e. Residential will boost the Silicon Thin Film Solar Cell market.
Market Highlights:
On 21 March 2019, Oxford PV The Perovskite Company, the leader in the field of perovskite solar cells, announced it has signed an exclusive collaboration agreement with Meyer Burger AG), the leading photovoltaic equipment supplier, to accelerate the development of mass production technology for perovskite-on-silicon heterojunction tandem solar cells and modules.The collaboration brings together Oxford PV’s world record-setting perovskite solar cell technology, with Meyer Burger’s leading heterojunction and SmartWire Connection (SWCT) technology.
On 25 June 2018, Oxford PV sets world record for perovskite solar cells.Oxford, The Perovskite Company, the leader in the field of perovskite solar cells, announced a new, certified, world record for its perovskite-based solar cell.
The U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO) supports funding opportunities on photo-voltaic, concentrating solar power, systems integration, technology to market, and soft costs projects. Following an open, competitive solicitation process, these funding opportunities encourage collaborative partnerships among industry, universities, national laboratories, federal, state, and local governments, and non-government agencies and advocacy groups. Solicitations may include financial or technical assistance.
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Silicon Thin Film Solar Cell market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Silicon Thin Film Solar Cell market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Market Manufacturers, Raw Material Suppliers, Research Consultants, Traders, Distributors, and Suppliers, Government & Regional Agencies, Research Organizations and Investment Research Firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.