According to a new report published by companiesandmarkets.com the global market for thin film photovoltaic (TFPV) manufacturing devices has significantly increased at the rate of 70.3% per annum at 2010 to hit $3.2 billion.
The worldwide market for thin film solar PV manufacturing devices was at a value of $384 million in 2006. With technological innovations and decrease in manufacturing costs, the international thin film photovoltaic manufacturing devices market is estimated to reach $4.3 billion in 2015 and $15.7 billion in 2020 respectively.
For the past five years, around 20% of the worldwide manufacturing capacity of the PV sector comprised thin film PV manufacturing devices. Unlike conventional crystalline silicon PV technologies, TFPV production utilizes various production devices and deposition techniques. To produce TFPV, deposition of thin vapors is performed on layers of semiconductor thus reducing the need for raw materials.
Countries that would dominate the TFPV manufacturing market in the future include Malaysia, China, Vietnam, Taiwan, and other Southeast Asian economies. Other countries which will face tough competition in the TFPV manufacturing market include Italy, Germany, Spain, Eastern Europe and the Americas.
The TFPV research report includes forecast and historic information from 2006 to 2020. It covers a detailed discussion of trends and factors affecting the thin film PV manufacturing devices market including price fluctuations, innovations, manufacturing processes, acquisitions and mergers. The market includes the Europe, Americas, Africa / Middle East and Asia Pacific.
Source: http://www.companiesandmarkets.com/