TechNavio recognizes the following companies as the key players in the Global Thin Film Market: First Solar,Sharp Corp., United Solar Ovonic LLC, and Trony Solar Holdings Co. Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “The increased investment by various governments in the Solar industry is a major trend in the Global Thin Film market. Various national authorities across the globe are encouraging companies to manufacture thin films because thin films use fewer materials in the process of manufacturing and ultimately cost less. Also, these thin films can be used to generate energy on a larger scale. In the US, Canada, and Japan, governments have been offering grants to produce solar cells and modules using thin films. The Government of Canada, for instance, has invested US$1.7 million in generating emission-free electricity in many remote locations in Canada through solar cells. Similarly, the European Commission has offered TEL Solar, a thin films manufacturer, US$13.2 million to produce thin films under the Framework Programme for Research of the European Union. California-based SoloPower Inc. has been offered support from the Department of Energy to expand its thin film production.”
According to the report, one of the major reasons for this increase in solar energy consumption is the depletion of fossil fuels for power generation. Additionally, the harm caused by GHGs released due to the increase in usage of fossil fuels is also increasing the usage of renewable and less harmful energy sources such as solar energy. As a result, the increase in the usage of solar power will in turn increase the growth of the Global Thin Film market in the future.
Further, the report states that one of the major challenges in this market is the shortage of raw material used for the production of thin films. There is uncertainty around the availability of various thin films raw materials such as indium and tellurium. The increased usage of thin films in the Solar industry can have a negative impact on the availability and supply of indium and tellurium for use in other industries. This will in turn adversely affect growth of the market in the future.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are NexPower Technology Corp., Q-Cells International GmbH, and Solar Frontier Kabushiki Kaisha.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-thin-film-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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