Global Thin Film Solar PV Modules Market 2018-2022| Key Facts and Figures| Technavio

January 4, 2019

LONDON--(BUSINESS WIRE)--Jan 4, 2019--The global thin film solar PV modules market is expected to post a CAGR of over 16% during the period 2018-2022, according to the latest market research report by . However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190104005243/en/

Technavio has published a new market research report on the global thin film solar PV modules market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the reduced quantity of silicon required for manufacturing. Thin film solar panels are made of one or more thin layers of PV materials, which are laid onto a substrate. These layers can be more than 300 times smaller than conventional silicon solar panels. The type of substrate used while manufacturing is the medium of differentiation in thin film solar panels. Thin film solar panels are the lightest panels available due to the use of small-sized PV cells with built-in semi-conductors. The use of silicon materials is less, as these panels are several times smaller than that of conventional solar PV panels, which will have a limited impact on the environment.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the increased adoption of microgrids as one of the key emerging trends in the global thin film solar PV modules market:

Global thin film solar PV modules market: Increased adoption of microgrids

A microgrid is a small-scale power grid that has its own generation and storage resources. Microgrids can operate independently or collaboratively with other small power grids. Microgrids that are integrated to the main power grid are referred to as Hybrid microgrids. To operate in grid-connected mode and island mode, a microgrid can connect and disconnect from the power grid. A microgrid can shift to island mode during a power outage on the main power grid or when the system was intentionally disconnected from the main grid. Areas with frequent power outages due to unstable power grids use microgrids to protect consumers from outages.

“Microgrids are usually used in villages where grid-connected power is not accessible or has limited availability. Microgrids are reliable as they are unaffected by power outages of the main grid. Also, they reduce the cost of extending the grid to remote locations. Microgrids may generate power from renewable sources such as solar and wind power,” says a senior analyst at Technavio for research on power.

Global thin film solar PV modules market: Segmentation analysis

This market research report segments the global thin film solar PV modules market by technology (CdTe and CIGS) and geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 and the region is expected to dominate the market through 2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20190104005243/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200




SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/04/2019 11:10 AM/DISC: 01/04/2019 11:10 AM


Update hourly