Report Code: A14524 | Pages: NA | Mar 2023 | 1584 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Thin Film Photovoltaic Market
Request Now !Thin film photovoltaic or thin film solar cell can be defined as a device designed by deposition of thin layers of photovoltaic material (up to 20 times thinner than the typical C-Si films) on a backing material and covered by top transparent conductive oxide (TCO). These thin film photovoltaics (PVs) are used to convert the radiant energy from the sunlight to electrical energy by the means of photovoltaic effect. The thin film PVs are used in large scale solar farms as well as building integrated photovoltaic applications (BIPV), providing low cost power per watt. They not only offer consistent power at elevated temperatures, but also on cloudy days and at low sun angles, but are also flexible in nature, which allows them to be installed on the curved surfaces as well as BIPV.
Market Scope and Structure Analysis
There is an increase in the demand for thin film PVs with rise in awareness toward boosting renewable energy (RE), especially solar energy, which is cleaner, sustainable and safer to use. The thin film Photovoltaics market is fuelled by the measures adopted by the countries to reduce their greenhouse gas (GHG) emissions and thereby decrease their carbon footprints by the means of increasing the share of renewables in their energy mix. This drives the demand for solar PVs, both traditional c-Si PVs as well as thin film PVs. Although the share of thin film PV is comparatively lower than that of traditional C-Si PVs due to their lower efficiency, a lot of research & development is being done to increase the efficiency and deploy ability of the thin film PVs.
COVID-19 Impact analysis
The COVID-19 pandemic has hampered the growth of the thin film photovoltaic market. This is due to the halts or cancellation of the solar power installation projects. The disruption in the supply chain has also had a negative impact on the thin film photovoltaics as the productions were intermittent or postponed due to unavailability of the raw materials at certain manufacturing plants due to the imposed lockdowns during the pandemic. On the other hand, the demand for solar power was also affected as the industrial as well as commercial segments of the market were shut down due to the mandatory trade and travel restrictions amid lockdowns.Â
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Thin Film Photovoltaic Market Report Highlights
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Key Market Players | Antec Solar GmbH, ECD, Golden Photon Inc., JA solar Co. Ltd, Jinko Solar, Kaneka Corporation, Kyocera Corporation, Mitsubishi Electric Corporation, NanoPV Solar Inc., Panasonic Corporation, ReneSola Co. Ltd., Sharp Corporation, Siemens AG, Solar Cells Inc, Solarex MD, Suntech Power Holdings Co. Ltd, Trina Solar, United Solar Energy. |
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