NEW YORK, May 14, 2019 (GLOBE NEWSWIRE) -- The global amorphous silicon thin-film solar cells market is likely to expand to USD 5,310.2 million by 2025, witnessing a CAGR of 15.4% over the forecast period. The growth can be primarily attributed to the growing demand for amorphous silicon thin-film solar cells across a wide range of applications along with the rising worldwide demand for energy. Moreover, various favorable government initiatives towards renewable energy are further expected to propel the market demand over the forecast period.
Eliminating the dependency on conventional energy resources coupled with stringent regulations to reduce the carbon footprint, have fostered the market growth. Key players are focusing on high-end research and technological advancements in order to achieve higher efficiency levels for a-Si panels. Therefore their efficiency has increased overtime with increasing facets of application. Further, amorphous silicon thin-film solar cells are easier to manufacture and have low cost as compared to crystalline silicon based solar cells.
Key Findings from the Report:
Consumer Electronics Segment Driving the Demand for the Global Market
Amorphous silicon thin-film solar cells find application across various industries, such as military, space, power supply, and consumer electronics, among others. Traditionally, amorphous silicon thin-film solar cells were mainly used in small electronic devices due to their simplistic design and low efficiency. However, with advancements in manufacturing techniques and an increase in their performance efficiency, these cells have found their application in building integrated photovoltaics. Key opportunity lies in the use of stacking technique of thin-film cells; which helps reduce the space required for the setup and allows the cells to be used for large scale applications due to increased efficiency. Also, the growing use of carbon nanotubes for charge transport between layers, presents significant opportunity for the market.
Browse full research report with TOC on " Global Amorphous Silicon Thin-Film Solar Cells Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2025" at: https://www.energiasmarketresearch.com/global-amorphous-silicon-thin-film-solar-cells-market-report/
To purchase report: sales@energiasmarketresearch.com
Amorphous Silicon Thin-Film Solar Cells Market - Regional insight
North America dominated the global market for amorphous silicon thin-film solar cells in 2018, and is projected to maintain its dominance over the next seven years. The U.S being at the forefront of the North American market, has readily adopted a-Si thin-film modules for the purpose of building integration and power plant electricity generation. European market is anticipated to witness a steady growth during the forecast period. However, Germany accounts for the fastest growing markets in the region primarily due to initiatives taken by their government to reduce dependency on non-renewable resources.
The report segments amorphous silicon thin-film solar cells market on the basis of type, substrate type, application, and region.
By Type
By Substrate Type
By Application
By Region
About Energias Market Research Pvt. Ltd. -
Energias Market Research launched with the objective to provide in-depth market analysis, business research solutions, and consultation that is tailored to our client’s specific needs based on our impeccable research methodology.
With a wide range of expertise from various industrial sectors and more than 50 industries that include energy, chemical and materials, information communication technology, semiconductor industries, healthcare and daily consumer goods, etc. We strive to provide our clients with a one-stop solution for all research and consulting needs.
Our comprehensive industry-specific knowledge enables us in creating high quality global research outputs. This wide-range capability differentiates us from our competitors.
Contact:
Mr. Alan Andrews
Business Development Manager
For any queries email us: info@energiasmarketresearch.com
To purchase report: sales@energiasmarketresearch.com
Call us: +1-716-239-4915
Visit: https://www.energiasmarketresearch.com/