In Solar Cell Films Market; Cadmium Telluride Solar Cell Films is Expected to Dominate the Market and Would Reach USD 7,783.68 Million and 5,391.96 MW by 2023: Transparency Market Research

ALBANY, New York, August 26, 2015 /PRNewswire/ --

Transparency Market Research has released a new market report titled Solar Cell Films Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2015 - 2023. According to this report, the global solar cell films market stood at 9,393.78 USD Million in 2014 and is expected to reach 20,995.66 USD Million by 2023 growing at a CAGR of 9.4% from 2015 to 2023.

High demand for solar cell films has been witnessed across the globe over the past decade, owing to the numerous benefits offered by solar cell films. Low manufacturing costs, zero carbon emissions, and high efficiency are some of the advantages of solar cell films. Amorphous silicon, cadmium telluride, and copper indium gallium selenide are the commonly used solar cell films. They are also known as thin film solar cells. Rising air pollution levels, primarily from the power sector boosts the demand for solar cell films.

Browse Solar Cell Films Market Research Report with ToC & Free Analysis: http://www.transparencymarketresearch.com/solar-cell-films-market.html

Usage of solar cell films in the power sector reduces the dependency of a country on foreign imports of natural gas and coal. Additionally, energy security can be maintained in the country with the application of solar energy. Strong support from the government and active participation from industry players are anticipated to augment the growth of the solar cell films market at a significant rate in the future.  

Get Sample Report Copy: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5984

Cadmium telluride (CdTe) dominated the solar cell films market in terms of volume in 2014. Demand for cadmium telluride solar cell films was high in 2014 owing to their high efficiency, longer life span, and low manufacturing costs as compared to other solar cell films. Efficiency of cadmium telluride solar cell films is in the range of 16%-18%, whereas that of amorphous silicon solar cell is in 8%-10% range. High sunlight absorbing power and higher electricity generation rate make cadmium telluride solar cell films a preferred choice over other solar cell films for generating electricity.

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/solar-cell-films-market.htm

High demand for solar cell films has been witnessed in the commercial sector owing to the high electricity demand, especially during peak hours. Offices, shopping complexes, malls, and multiplexes are some of the potential customers of solar cell films. Once installed, solar cell films provide unlimited power supply and have low maintenance costs as compared to nuclear power plants. Solar cell films can be installed in any country due to high availability of solar energy. Many countries are providing financial incentives and subsidies to citizens for installing solar cell films at their residence and office. Attractive feed-in tariffs are also provided in various countries to citizens for supplying electricity to the grid.

Browse Blog: http://www.europlat.org/in-global-solar-cell-films-market-europe-is-expected-to-dominate-the-market-and-is-likely-to-reach-usd-7014-65-million-and-2874-86-mw-by-2023-transparency-market-research.htm

Significant demand for solar cell films has been witnessed in the residential sector as well. Significant reduction in emissions and attractive financial savings can be easily achieved by using solar cell films for electricity generation. Solar cell films are useful for bridging the demand-supply gap of electricity up to a certain extent in the industrial sector as well. 

Many countries across the globe are using solar cell films for generating electricity due to increasing pollution levels from conventional resources such as coal and natural gas. Various countries are promoting the use of solar cell films by providing financial incentives and subsidies. Active participation from prominent industry players for the promotion of solar cell films boosts the demand for solar cell films at a significant rate throughout the world.       

The global solar cell films market has been segmented as follows: 

Solar Cell Films Market: Type Analysis 

• Amorphous Silicon
• Cadmium Telluride
• Copper Indium Gallium Selenide

Solar Cell Films Market: End-use Analysis 

• Residential
• Commercial
• Industrial

Solar Cell Films Market: Region Analysis  

North America 

• U.S.
• Canada
• Rest of North America

Europe 

• Germany
• Russia
• Rest of Europe

Asia Pacific 

• China
• Japan
• Rest of Asia Pacific 

South America 

• Brazil
• Argentina
• Rest of South America

Middle East  

• Qatar
• UAE
• Rest of Middle East 

Africa  

• Egypt
• South Africa 
• Rest of Africa

Other Reports By Transparency Market Research: 

• Solar Energy Market: http://www.transparencymarketresearch.com/solar-energy-market.html

• Solar Photovoltaic (PV) Installation Market: http://www.transparencymarketresearch.com/solar-photovoltaic-market.html

• Solar Fuel Market: http://www.transparencymarketresearch.com/solar-fuel-market.html

• Global Green Energy Market: http://www.transparencymarketresearch.com/green-energy-market.html

Browse All Other Energy/ Oil & Gas Market Research Reports: http://www.transparencymarketresearch.com/energy-market-reports-3.html

About Us 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contacts
Mr. Nachiket Ghumare
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com
Blog: http://www.tmrblog.com/

SOURCE Transparency Market Research