News Article

CIS/CIGS Market Predicted To Grow Up To 43.9% CAGR

MarketsandMarkets report ‘Thin Film PV- Advanced Technologies and Global Market (2008-2015)’ says that the CIS/CIGS market is expected to grow with a maximum CAGR of 43.9% from 2010 to 2015.

Low cost and optimum efficiency of thin film PV cells is driving the growth of the thin film PV in overall photovoltaic market, says MarketsandMarkets.

The global thin film photovoltaic market is expected to grow from $3,406 million in 2009 to $19,422 million in 2015, at an estimated CAGR of 32.2% from 2010 to 2015.

The amorphous silicon market is currently contributing the maximum proportion to the total thin film PV market. On the other hand, CIS/CIGS are expected to grow with a maximum CAGR of 43.9% from 2010 to 2015.

The 'Thin Film PV- Advanced Technologies and Global Market (2008-2015) report analyzes the thin film market by different thin film PV cells and applications and studies the major market drivers, restraints, and opportunities and regions such as North America, Asia, Europe and Rest of World.

This research report categorizes the global market for thin film PV on the basis of types and geography; forecasting revenues and analyzing trends in each of the thin film cells. It covers consumer electronics, BIPV, grid connected power supply and military & space applications.

MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. which publishes strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.

M&M covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.  
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