NEW YORK, March 08, 2018 (GLOBE NEWSWIRE) -- The global amorphous silicon thin-film solar cell market is projected to grow at a significant rate during the forecast period, 2018-2024. Major factor propelling the growth of the global amorphous silicon thin-film solar cell market is eliminating the dependency on fossil fuel resources coupled with stringent regulations for the reduction of a carbon footprint. Additionally, the regulatory enterprises efforts to develop and support the adoption of clean energy technologies is further expected to drive the growth of the global amorphous silicon thin-film solar cells market, during the forecast period. Financial assistance in the form of subsidy, low import duty, tax credit, net metering and feed-in tariffs are few of the initiatives introduced by certain governments across the globe. Moreover, amorphous silicon thin-film solar cells are easier to manufacture and have low cost as compared to crystalline silicon based solar cells. An opportunity lies in the use of stacking technique of thin-film cells; this reduces the space required for the setup and allows thin-films cells to be used for large scale applications due to increased efficiency. The use of carbon nanotubes for charge transport between layers offers another opportunity.
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An amorphous silicon thin-film solar cell (a-Si) consists of thin layer of photovoltaic material (amorphous silicon) deposited on a substrate such as glass, plastic or metal. Amorphous silicon thin-film solar cells use only a fraction of silicon used in crystalline silicon solar cells resulting in relatively lower cost of the end product. Moreover, the flexibility of the thin-films opens it up for potential applications. The substrates used in amorphous silicon thin-film modules are glass, plastic, or metal; further reducing the cost of manufacturing. The efficiency of a-Si solar cells has increased overtime due to technological advancements, increasing the facets of its applications.
Global amorphous silicon thin-film solar cell market is segmented on the basis of application, substrates used, and region. Based on application the global amorphous silicon thin-film solar cell market is segmented into building integrated PV cell, grid-connected power supply, military and space, and consumer electronics. Amorphous silicon thin-film solar cells were mainly used in small electronic devices, due to their simplistic design and low efficiency. However, in recent years after advancements in manufacturing techniques and increase in performance efficiency amorphous silicon thin-film solar cells have found their application in building integrated photovoltaics.
The global amorphous silicon thin-film solar cell market is segmented by region into North America, Europe, Middle East & Africa and Asia Pacific. Key players in the global market are focusing on some of the key market strategies such as mergers, partnerships, collaborations & acquisitions in order to gain strength and goodwill in the ever competitive market. North America was holding the major share of the global amorphous thin-film solar cell market. The U.S is at the forefront of North American amorphous thin-film solar cell market, as the U.S .has readily adopted the a-Si thin-film modules for the purpose of building integration and power plant electricity generation. European amorphous silicon thin-film solar cell market is anticipated to witness a steady growth during the forecast period. Germany offers one of the fastest growing markets for a-Si thin-film modules in the region. This can be attributed to initiatives taken by their government to reduce dependency on non-renewable resources.
The key players in the global amorphous silicon thin-film solar cells market are First Solar, Oxford Photovoltaics, Ascent Solar Technologies Inc., Global Solar, Inc., SOLAR FRONTIER K.K., Hankey Asia Ltd., Xunlight Kunshan Co. Ltd., Trony Solar, MiaSole Hi-Tech Corp., and Ascent Solar Technologies.
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