Bharat Book

Global Market for Thin Films in Energy Applications

Press Release   •   May 27, 2016 12:58 IST

May 27th 2016 Mumbai, India: Bharatbook.com announces a report on “ The Global Market for Thin Films in Energy Applications ”. The economics of supply and demand have driven the price of oil, gas and coal to record levels, although the oil market is currently undergoing a period of oversupply.

The Global Market for Thin Films in energy applications reached nearly $7.9 billion in 2015. The market is expected to reach nearly $18.8 billion by 2021 from $8.9 billion in 2016, increasing at a compound annual growth rate (CAGR) of 16.1% from 2016 to 2021.

This report provides:

-An overview of the global markets for thin films in energy applications and related technologies.

-Analyses of global market trends, with data from 2015, 2016, and projections of CAGRs through 2021.

-Coverage of these films in applications including fuel cells, photovoltaics, solar thermal technologies, geothermal energy, wind energy, nuclear energy, and others.

-Coverage of technologies, applications, raw materials, and geography (including analysis across various countries) that shape and influence the thin films market.

-A comparative analysis of the advantages and disadvantages to using thing films.

-Evaluation of the market's dynamics, specifically growth drivers, inhibitors, and opportunities.

-Analysis of growth strategies by key players in the thin film photovoltaic and batteries market and an analysis of patent positions where relevant.

-Profiles of major players in the industry.

INTRODUCTION

Global demand for traditional fossil fuels has risen at an unprecedented rate over the last several decades. The economics of supply and demand have driven the price of oil, gas and coal to record levels, although the oil market is currently undergoing a period of oversupply. In addition, fossil fuels are considered a source of pollution that is contributing to climate change. Countries worldwide have responded by implementing measures to reduce activities that require the use of fossil fuels and by searching for alternative sources of energy.

The market for thin films in energy applications has thus evolved over the past few years along with developments in the electronics and semiconductor industries. Photovoltaics (PV) is the major technology that has historically made the most use of thin films and today dominates the market, accounting for more than 83% of the market. The market for thin film batteries, although smaller in size, is expected to undergo robust growth during the forecast period of 2016 through 2021. The global market for thin films in energy applications is primarily driven by Asia-Pacific, North America and Europe.

Asia-Pacific accounts for the largest market share of the global market for thin films in energy applications followed by North America and Europe. Increasing demand for thin film technologies in energy applications in several different industries is driving the market for thin film technologies.

This report also highlights the supplier landscape with profiles of major companies.

STUDY GOALS AND OBJECTIVES

The goal of this report is to provide an up-to-date analysis of recent developments and current trends in the global market for thin film technologies in energy applications. Identifying significant drivers of revenue growth is an additional aim. The objective of this type of systematic research is to quantify the projected impact of both internal and external forces that are affecting the global market for thin film technologies used in energy applications and their impact on the industry over the forecast period of 2016 through 2021.

REASONS FOR DOING THE STUDY

Rising energy costs coupled with climate change are driving the increase in the use of renewable energy sources such as solar photovoltaic technologies and thin film batteries. Continuous advancements are being made in the field of thin film technologies, along with significant reductions in cost, and this is helping drive further adoption of these technologies. In addition, with the increased number of start-up and small companies in the Asia-Pacific region, the production and installation of thin film technologies in energy applications are increasing with the establishment of new manufacturing facilities.

SCOPE OF REPORT

The scope of this report is broad and covers many energy applications of thin film technologies used in commercial, industrial and utility applications globally. The market is segmented into major energy application types, regions and end-use sectors. Revenue forecasts from 2016 through 2021 are given for each major type, along with regional market revenue shares. Estimated values used are based on manufacturers’ total revenues.

The report also includes a discussion of the major players in each of the regional markets and explains the major global drivers, current trends, major challenges and the regional dynamics of the market. The report concludes with a special focus on the supplier landscape. It includes detailed profiles of the major vendors of thin films for energy applications globally and the market shares of the major players by region.

INTENDED AUDIENCE

This report is intended especially for producers, suppliers and consumers with an interest in thin film technologies for energy applications. In addition, because of this report’s business focus, it will be useful to sales executives and business managers as an up-to-date guide that includes challenges, drivers and trends that are expected to be significant factors in the current and future markets.

INFORMATION SOURCES

The findings and conclusions of this report are based on information gathered from a variety of primary and secondary sources. Sources of information include industry association data and interviews conducted with thin film manufacturing companies. In addition, secondary sources, such as the internet, industry journals and publications, product literature, white papers and technical journals and financial reports from industry suppliers, were consulted.

The base year for analysis and projection is 2016. With 2015 as a baseline, market projections were developed for the period of 2016 through 2021. These projections are based on a consensus among the primary contacts combined with our understanding of the key market drivers and their impact from historical and analytical perspectives. The analytical methodologies used to generate the market estimates are described in detail in the market analyses. All dollar projections presented in this report are in 2015 constant dollars.

RESEARCH METHODOLOGY

A descriptive study has been done with a trend analysis of the global market for thin film technologies used in energy applications with a quantitative and qualitative approach.

These Report collected data through a variety of primary and secondary sources, including but not limited to interviews with industry vendors, white papers, business journals, public financial proceedings and historical market data from the internet. The market data were assessed and validated considering interrelated market attributes and the impact of global economic variables.

Next, the value of the market was obtained using a combination of the bottom-up and top-down approaches using exclusive market modeling tools to generate market data and forecasts.

For more information kindly visit : https://www.bharatbook.com/alternative-renewable-market-research-reports-163912/global-thin-films-energy-applications1.html

Related Reports : https://www.bharatbook.com/energy-utility-market-research-report/alternative-renewable.html

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