Published On : 29 Oct 2018
In the domain of renewable energy such as solar, new and improved solar panels and solar technologies are being announced every now and then. But the one that has managed to rock the sector more than any other is the thin film solar panel. Those are made from solar cells that have light absorbing layers that are about 350 times smaller than the conventional silicon panels. Owing to their narrow design and an effective semi-conductor outfitted in their cells, those are the lightest PC cells one can find. They are also durable at the same. Such USPs have been driving their demand big time in the market.
How do thin film solar cells steal a march over most other conventional materials?
Numerous product USPs are serving to drive the global thin film solar cell market. Foremost among them is their ability to offset carbon emission. In this respect, they are much more effective than the traditional panels. This is because the silicon needed to create a thin film cell and panel is much less than the standard panels. This has also served to reduce emission to a great extent.
However, the presence of small amounts of cadmium, which is pegged as a carcinogen, has deterred its uptake to an extent. Another factor posing a challenge to the global thin film solar cells market is their limited efficiency compared to the conventional ones. In fact, this has prevented it from gaining a solid foothold in the solar panels market so far.
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What are the most noticeable trends in the global thin film solar cells market?
In order to make the product more mainstream, players in the global thin film solar cells market and independent research bodies are seen focusing on building more effective ones. This is expected to bode well for the market in the near term. Besides, the pressing need to contain carbon emissions in a highly polluted world and also the fact that thin film solar cells are easy to install is expected to prop up its demand going forward. Added efficiency will only serve to enhance their sales. Right now the biggest aim of the market is to capture the residential sector.
Which end use areas hold out most of the opportunity in the global thin film solar cells market?
The commercial sector is the main driver of demand in the global thin film solar cells market. Those include corporate structures, schools, and universities. Larger residential buildings are a potential application area that agile players are trying to tap. As their efficiency improves over the years, those might very well become economically viable for smaller houses.
Currently, Europe and North America feature as most promising regions in the global thin film solar cells market.
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