The Global Market for Thin Films in Energy Applications

11 Feb, 2016, 17:59 ET from ReportBuyer

LONDON, Feb. 11, 2016 /PRNewswire/ -- This BCC Research report is an impact analysis of the thin films industry in photovoltaics and batteries. Includes factors currently driving and restraining the growth of the market, as well as factors impacting the future of the industry. Forecasts provided through 2020.

Use this report to:

Analyze the impact of thin films in the photovoltaics and batteries industries.
Learn about factors currently driving and restraining the growth of the thin films market.Review region-specific developments in the thin films industry.

Gain insight into the use of thin films in the fabrication and operation of traditional andalternative energy technologies.

Highlights

The global market for thin films in energy applications is forecast to increase from nearly$14.6 billion in 2014 to nearly $19.7 billion in 2015. This market is estimated to reach nearly$84.2 billion in 2020 increasing at a compound annual growth rate (CAGR) of 33.7% duringthe next five years, from 2015-2020.

Thin films in photovoltaics as a segment is projected to grow from nearly $16.7 billion in 2015to $71.1 billion in 2020 at a CAGR of 33.6% from 2015-2020.Thin film used in batteries as a segment is projected to grow from $2.2 billion in 2015 tonearly $9.8 billion in 2020 at a CAGR of 34.2% from 2015-2020.

STUDY GOALS AND OBJECTIVES

This report is an impact analysis of the thin films industry in photovoltaics andbatteries. The information in this report includes factors currently driving andrestraining the growth of the market, as well as factors impacting the future of theindustry. The goals and objectives of the report are to:Understand opportunities in the thin film market across major regions and countriescovered in the report.Provide an analysis of the various applications in the thin film market and marketdynamics of each application. Identify segments with high growth potential, and to also understand futureapplication of given segments.

Highlight key trends related to the technologies, applications, raw materials, andgeography (including analysis across various countries) that shape and influence thethin films marketReview region-specific developments in the industry.Understand the major stakeholders in the market and competitive landscape for themarket leaders.Provide an analysis of growth strategies by key players in the thin film photovoltaicand batteries market and an analysis of patent positions where relevant.

REASONS FOR DOING THE STUDY

Rising energy costs coupled with climate change are driving the increase in the use ofrenewable energy sources such as solar photovoltaic (PV) technologies and thin filmbatteries. Continuous advancements are being made in the field of thin film batteries,along with significant reductions in cost, and this helps drive further adoption of suchtechnologies.Our goal is to examine traditional and alternative energy technologies to determine theuse, if any, of thin films in their fabrication and operation. Thin films are often appliedto reduce the cost of product fabrication, improve performance and provide moreflexibility in product design. In addition, they are environmentally benign.The scope of the study is intended to primarily discuss the upcoming and presentmarket trends of thin film batteries their potential as well as their limitations, andwhich mode of integration seems most favored.Our investigation of the global energy industry revealed that thin films play a role in three technologies:Photovoltaics.Batteries.Nuclear power.

MARKETS COVERED

The thin films market is segmented into following categories:–Thin film photovoltaicsm By module: amorphous silicon (a-Si) PV cells, cadmium telluride (CdTe) PV cells,copper indium diselenide (CIS)/copper indium gallium diselenide (CIGS) PV cells.m By application: building integrated PV cells, consumer electronics, military andspace, grid-connected power supply and other.l Thin film batteriesm By type: Thin film batteries by rechargeability and thin film batteries by voltagetype.m By substrate: metal substrate, paper substrate and polymer substrate.m By electrolyte type: lithium phosphorous oxynitride (LiPON) and organic electrolyte.m By electrode type: carbon-based, manganese-based, lithium-based andatmospheric oxygen-based.m By application: commercial applications, consumer applications and industrialapplications.m Nuclear power

REPORT DESCRIPTION

Global demand for traditional fossil fuels has risen at an unprecedented rate over thelast several decades. The economics of supply and demand have driven prices of oil,gas and coal to record levels, although the oil market is currently undergoing a periodof oversupply. In addition, fossil fuels are considered a source of pollution that enablesclimate change. Nations have responded by instituting reductions in activities thatrequire the use of fossil fuels and by searching for alternative energy methods.The thin films market has thus evolved over the past few years alongsidedevelopments in the electronics and semiconductor industries. Photovoltaics (PV) is themajor technology that has historically made the most use of thin films, and todaydominates the market, accounting for more than 85% of the market share.

The thinfilm batteries market, though smaller in size, is expected to witness robust growthduring the forecast period.Our goal is to examine traditional and alternative energy technologies to determine theuse, if any, of thin films in their fabrication and operation. Thin films are often applied to reduce the cost of product fabrication, improve performance and provide moreflexibility in product design. In addition, they are environmentally benign.The geographical regions covered under the scope of the report include North America,Europe, Asia-Pacific and the rest of the world (RoW). The study covers major countriessuch as the U.S., Mexico, Canada, France, Italy, U.K., China, India, Australia, Singapore,South America, the Middle East, Africa, Japan and Germany, among others. The presentmarket size and market forecast through 2020 are provided in the report.

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