ReportsnReports - Thin Film Solar Technology Market Shares, Strategies, and Forecasts, Worldwide, 2011 to 2017

Sep 29, 2011, 11:40 ET from ReportsnReports

DALLAS, Texas, September 29, 2011 /PRNewswire/ --

Thin Film Solar Technology Market Shares, Strategies, and Forecasts, Worldwide, 2011 to 2017

Thin Film Solar Markets at $2.9 billion in 2010 are set to grow to $44 billion by 2017, with the total solar energy market reaching $ 1 trillion sometime in the middle of 2021.

'Thin Film Solar Technology Market Shares, Strategies, and Forecasts, Worldwide, 2011' study has 496 pages, 189 tables and figures. Thin film solar energy units are evolving vacuum based solid state technology.

The worldwide demand for energy is steadily increasing, doubling every 15 years. The major effort is to sustain growth in the electricity supply without causing irreversible harm to the environment. Solar energy has rapidly grown as a clean, renewable alternative to limited fossil fuels. Recognition of the need to reduce reliance on coal and fossil fuels is driving interest in solar energy.

Thin film solar panel and systems market segments include CadTel. CadTel is attracting more attention than CIGS thin film. Thin film silicon solar cells use significantly less silicon, about 1/100th the thickness of the normal silicon layer. The thin film silicon solar cells production process is far shorter than that for crystalline silicon solar cells. Therefore thin film silicon solar cells are expected to greatly expand the potential of solar energy.

Growth of solar markets will depend on continued investment in energy infrastructure by governments. When you think about it, there is no better investment government can make than in achieving development of low cost, reliable solar energy. This availability of low cost energy is what makes an economy hum. Some governments are sure to recognize these issues and make the investment, others will not.

According to the lead author of the study, "grid parity has been reached by thin film solar energy products for many areas of the world." When thin film solar systems are looked at over the 25 year useful life of the systems they provide very attractive payback.

Explore Table of Contents of this Thin Film Solar Market Report @

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