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Solar cells top thin-film markets for energy apps

Posted: 02 Sep 2008 ?? ?Print Version ?Bookmark and Share

Keywords:solar thin film? power? photovoltaic market?

The global market for thin films in energy applications is expected to achieve $3.9 billion in 2013 higher than the $1.1 billion in 2007 for a CAGR of 23.5 percent, according to BCC Research.

The Global Market for Thin Films in Energy Applications, the new technical market research report, categorizes the market into application segments for photovoltaics, focusing on solar, geothermal and nuclear energy, batteries and fuel cells. Among these, the photovoltaics sector has the largest market share, with $916.4 million in revenues in 2007. This is anticipated to rise to $1.2 billion in 2008 and over $3.3 billion in 2013, reaching a CAGR of 23.6 percent.

Thin films for fuel-cell applications rank the second largest segment, with sales surpassing $82 million in 2007. Sales are seen to increase to $98.7 million in 2008 and $301 million in 2013, with a 25 percent CAGR.

Taking the third spot are the thin films for batteries with a worth of $36 million in 2007 and an estimated value of $39.2 million in 2008. This group is seen to reach over $98 million in 2013, with a CAGR of 20.1 percent. Following this segment are applications in nuclear energy, which are expected to have the slowest growth of any segment. Revenues in 2007 exceeded $25 million and are anticipated to increase slightly in 2008. This is projected to reach $33.1 million in 2013 for a CAGR of 5 percent.

The solar power applications are seen to have the most robust growth of any segment. Sales for the thin films of this group generated $14.7 million in 2007 and an estimated $23.4 million in 2008. This is expected to reach $93 million in 2013 for a CAGR of 31.8 percent.

Meanwhile, the geothermal application thin films carry the smallest market share, with the value of $2.7 million in 2007. This is seen to jump to $3 million in 2008 and $5.3 million in 2013, with a CAGR of over 12 percent.

-Gina Roos
Green SupplyLine

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