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Global Solar Cell Films Market Experiencing High Demand from Commercial Sector

Blog Description

The global solar cell films market is projected to witness significant growth in the years to come. The rising focus on clean energy is boosting the demand for solar cell films in both developed and developing nations. The growing air pollution problems around the world and the depleting reserves of fossil fuels are increasing the demand for clean energy from renewable energy sources such as the sun. Solar cell films or thin film solar cells harness energy from the sun and generate electricity for industrial or domestic purposes.

Browse the full Global Solar Cell Films Market Report: http://www.mrrse.com/solar-cell-films-market

Investment in the solar energy sector is rising dramatically not just in developed regions such as North America and Europe, but also in emerging markets such as Asia Pacific (APAC) and the Middle East and Africa (MEA). Moroccan sources have declared that the country plans to invest around US$11 bn in solar and wind energy projects in the next few years. In the next seven years, India is planning to attract investments of a staggering US$100 bn, mostly from foreign investors, in the solar power sector. As solar cell films form an integral part of the technology used to generate electricity, their demand will grow with the expansion of the solar industry. Here are the key drivers that will continue to fuel the global solar cell films market in the foreseeable future.

5 Key Drivers of the Global Solar Cell Films Market

  • Carbon Footprint: Thin film solar cells tend to eliminate many environmental and safety hazards during manufacturing. Manufacturing of solar cell films does not involve the use of any problematic chemicals such as hydrofluoric acid and hydrochloric acid. So besides being part of clean energy generation, solar cell films tend to reduce the overall carbon footprint further due to their safer manufacturing process. This is driving the adoption of solar cells films in the global energy scenario.
  • Government Support: The growing support from governments in the form of incentives and subsidies in order to promote clean energy will further propel the global solar cell films market.
  • Rising Demand: The improving regulatory framework and growing demand for solar cell films will also drive the global solar cell films market in the foreseeable future. Active participation from key players is adding to the demand for solar cell films.
  • Commercialization: The increasing commercialization of thin film photovoltaic will also benefit the global solar cell films market in the next few years. The demand for solar cell films is high in the commercial segment due to the elevated demand for electricity in this segment during peak hours. Some of the potential consumers of solar cell films are malls, offices, and multiplexes.
  • R&D: Companies in the global solar cell films market are fiercely competing to improve the efficiency of solar cells. The growing research and development initiatives to drive efficiency will further contribute to the growth of the global solar cell films market.

Browse the full Press Release of Global Solar Cell Films Markethttp://www.mrrse.com/solar-cell-films-industry

A few years back, First Solar declared a world solar cell efficiency record of 18.7% and then crushed its own record with a new record of 20.4%. This month, a new world record for solar efficiency of 22.3% was set by Solar Frontier. Some other key companies involved in the global solar cell films market are Stion Corporation, 3M, Heliatek, Lucent CleanEnergy, Prism Solar Technologies, and Advanced Energy Industries.