New NanoMarkets Report Predicts $7.2 Billion Thin-Film Photovoltaics Market by 2015

Aug 08, 2007, 01:00 ET from NanoMarkets LC

    GLEN ALLEN, Va., Aug. 8 /PRNewswire/ -- The world thin-film
 photovoltaics (TFPV) market is forecast to reach $7.2 billion by 2015,
 compared to just over $1.0 billion today, according to a new report from
 NanoMarkets LC, an industry analyst firm based here. Additional details
 about the report are available on the firm's website at
 www.nanomarkets.net.
     About the Report:
     The market is being driven by the inherent advantages of TFPV including
 low cost, low weight, and the ability to manufacture them on flexible
 substrates and embed solar power capabilities into walls, roofs and even
 windows. Unlike more conventional PV that uses crystalline silicon, TFPV
 also has the ability to operate under low light conditions. The report
 notes that to support the growing demand for TFPV, most manufacturers are
 ramping up production capacity and several -- including First Solar, Fuji
 Electric, Nanosolar, Sanyo, Uni-Solar and G24i -- are building plants with
 more than 100 MW in capacity.
     Some of the findings of the report include:
 
     -- Because worldwide energy prices are rising fast and PV prices are
        falling fast, PV will carve off a big slice of the energy market and
        could eventually account for as much as 20 percent of the U.S. market's
        energy needs.  Because TFPV costs less than conventional PV, TFPV is
        most likely to take off first.  Just a few years ago, TFPV was only
        five percent of the entire PV market, but it is expected to account for
        35 percent of the photovoltaics market by 2015.  PV also offers
        predictable pricing, something that fossil fuels cannot do.
 
     -- Conventional PV is expensive to make.  By contrast TFPV can be
        manufactured using simple printing or other R2R machines; the value of
        printed TFPV is expected to reach just over $3.0 billion by 2015.
        Printing PV has the potential for lowering capital costs by as much as
        75 percent, reducing waste and increasing throughput.
 
     -- The fact that TFPV is also much lighter than conventional PV and can be
        more easily applied to curved and non-planar surfaces, TFPV is easier
        to install on roofs and walls.  Where a lot of panels need to be
        installed on a roof, using TF PV reduces the likelihood that the roof
        will have to be specially reinforced. TFPV is also enabling windows
        that double as PV panels, making PV much more practical for buildings
        large and small.
 
     -- PV based on organic materials is more ecologically friendly than other
        PV approaches. Efficiencies of organic PV are also improving rapidly
        and new cell architectures promise that the performance of organic PV
        devices could come close to or possibly even exceed those of their
        purely inorganic counterparts.  By 2015 NanoMarkets expects shipments
        of organic PV to reach 500 MW.
     About the report:
     NanoMarkets' new report provides a complete analysis of the commercial
 opportunities for amorphous silicon, CIS/CIGS, CdTe and organic/hybrid TFPV
 markets. It also examines the role that new encapsulation materials and
 transparent conductors and silicon inks will have. Applications for TF PV
 include large projects and utilities, commercial and industrial buildings,
 consumer electronics and military and emergency. The report also includes
 detailed eight-year (in dollar and peak MW terms) forecasts of these
 markets and profiles of all the leading firms developing and marketing this
 emerging technology and an assessment of the impact of TFPV on government
 funding and subsidies in the U.S. Europe and Japan.
     About NanoMarkets:
     NanoMarkets tracks and analyzes emerging market opportunities in
 electronics created by developments in advanced materials. The firm has
 published numerous reports related to organic, thin film and printable
 electronics materials and applications. The firm also publishes a blog
 found at www.nanotopblog.com.
 
 

SOURCE NanoMarkets LC
    GLEN ALLEN, Va., Aug. 8 /PRNewswire/ -- The world thin-film
 photovoltaics (TFPV) market is forecast to reach $7.2 billion by 2015,
 compared to just over $1.0 billion today, according to a new report from
 NanoMarkets LC, an industry analyst firm based here. Additional details
 about the report are available on the firm's website at
 www.nanomarkets.net.
     About the Report:
     The market is being driven by the inherent advantages of TFPV including
 low cost, low weight, and the ability to manufacture them on flexible
 substrates and embed solar power capabilities into walls, roofs and even
 windows. Unlike more conventional PV that uses crystalline silicon, TFPV
 also has the ability to operate under low light conditions. The report
 notes that to support the growing demand for TFPV, most manufacturers are
 ramping up production capacity and several -- including First Solar, Fuji
 Electric, Nanosolar, Sanyo, Uni-Solar and G24i -- are building plants with
 more than 100 MW in capacity.
     Some of the findings of the report include:
 
     -- Because worldwide energy prices are rising fast and PV prices are
        falling fast, PV will carve off a big slice of the energy market and
        could eventually account for as much as 20 percent of the U.S. market's
        energy needs.  Because TFPV costs less than conventional PV, TFPV is
        most likely to take off first.  Just a few years ago, TFPV was only
        five percent of the entire PV market, but it is expected to account for
        35 percent of the photovoltaics market by 2015.  PV also offers
        predictable pricing, something that fossil fuels cannot do.
 
     -- Conventional PV is expensive to make.  By contrast TFPV can be
        manufactured using simple printing or other R2R machines; the value of
        printed TFPV is expected to reach just over $3.0 billion by 2015.
        Printing PV has the potential for lowering capital costs by as much as
        75 percent, reducing waste and increasing throughput.
 
     -- The fact that TFPV is also much lighter than conventional PV and can be
        more easily applied to curved and non-planar surfaces, TFPV is easier
        to install on roofs and walls.  Where a lot of panels need to be
        installed on a roof, using TF PV reduces the likelihood that the roof
        will have to be specially reinforced. TFPV is also enabling windows
        that double as PV panels, making PV much more practical for buildings
        large and small.
 
     -- PV based on organic materials is more ecologically friendly than other
        PV approaches. Efficiencies of organic PV are also improving rapidly
        and new cell architectures promise that the performance of organic PV
        devices could come close to or possibly even exceed those of their
        purely inorganic counterparts.  By 2015 NanoMarkets expects shipments
        of organic PV to reach 500 MW.
     About the report:
     NanoMarkets' new report provides a complete analysis of the commercial
 opportunities for amorphous silicon, CIS/CIGS, CdTe and organic/hybrid TFPV
 markets. It also examines the role that new encapsulation materials and
 transparent conductors and silicon inks will have. Applications for TF PV
 include large projects and utilities, commercial and industrial buildings,
 consumer electronics and military and emergency. The report also includes
 detailed eight-year (in dollar and peak MW terms) forecasts of these
 markets and profiles of all the leading firms developing and marketing this
 emerging technology and an assessment of the impact of TFPV on government
 funding and subsidies in the U.S. Europe and Japan.
     About NanoMarkets:
     NanoMarkets tracks and analyzes emerging market opportunities in
 electronics created by developments in advanced materials. The firm has
 published numerous reports related to organic, thin film and printable
 electronics materials and applications. The firm also publishes a blog
 found at www.nanotopblog.com.
 
 SOURCE NanoMarkets LC