There is an increase in the easy availability and low manufacturing cost of different sizes and shapes of silicon thin film solar cells. This is anticipated to boost the growth of amorphous silicon thin film solar cell market. There are highly flexible and light weight in nature and can be adapted in different surfaces. As compared to conventional cells, this amorphous thin film solar cells absorb more energy. This silicon thin film can deposit on a wide range of surfaces such as curved, flexible and rolled. The demand for environment friendly photovoltaic technologies is increasing without the use of heavy metals such as cadmium or lead. This is driving the market growth. As compared to crystalline or poly-crystalline solar cells, amorphous silicon thin film solar cell has lower efficiency. Also, it has shorter life cycle when compared to their counterpart. These can restrain the growth of the amorphous silicon thin film solar cell market.
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Market Trends
- Asia-Pacific has the major share of amorphous silicon thin film solar cell market. The photovoltaic projects in China are largely implemented and the focus to install 10GW of photovoltaic plants will drive the market.
- The consumption of amorphous silicon thin film solar cell is increasing in the US. In North America is expected to grow the market of amorphous silicon thin film solar cell.
- The manufacturers of amorphous silicon thin film solar cell in Europe will have a great opportunity. The efforts of the government to install 4GW of photovoltaic plants in the UK is increasing. This will boost the market in Europe.
- Market players are adopting many strategies such as acquisition, mergers, contract, agreement and partnership to expand their business.
Key Market Players
- Hanergy
- Sharp Thin Film
- Trony
- Nexpower
- GS Solar
- Kaneka Solartech
- Best Solar
- QS Solar
- T-Solar Global
- Solar FrontierPanasonic
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Key Benefits of the Report
- This study presents the analytical depiction of the amorphous silicon thin film solar cell industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the amorphous silicon thin film solar cell market share.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the amorphous silicon thin film solar cell market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed amorphous silicon thin film solar cell market analysis based on competitive intensity and how the competition will take shape in coming years
COVID-19 Impact analysis
- The amorphous silicon thin film solar cell market was negatively affected due to the outbreak of COVID-19 pandemic. The demand for amorphous silicon thin film solar cell decreased in many countries due to the outbreak of COVID-19 pandemic as the global supply chain was disrupted.
- The industries such as military and space, consumer electronics, grid-connected power supply, building integrated photovoltaics and others were shut down during the COVID-19 pandemic and this decreases the demand for amorphous silicon thin film solar cell which affected the amorphous silicon thin film solar cell market.
- The amorphous silicon thin film solar cell market faced downfall of revenue due to the COVID-19 pandemic.
- The demand for amorphous silicon thin film solar cell decreased in many countries due to the outbreak of COVID-19 pandemic as the global supply chain was disrupted.
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