News Article
CIGS market expected to balloon to $5.41 billion
Revenues from CIGS consumed in PV applications are expected to grow from $613.4 million in 2011 to $5.41 billion in 2018.
Industry analyst firm NanoMarkets has just released five new white papers, one of them concerning CIGS photovoltaics.
The data for the paper was drawn from the firm's ongoing research into market opportunities presented through developments in advanced materials and emerging energy and electronics markets.
Nanomarkets says that although CIGS has achieved the highest champion cell efficiencies (over 20%) of all thin-film photovoltaic technologies in the laboratory, it has not, lived up to predictions about is ability to compete with crystalline silicon (c-Si).
However, recent capacity expansions, a dramatic increase in the number of market players and growing investment activity are signalling renewed interest. NanoMarkets expects revenues from CIGS consumed in PV applications to grow from $613.4 million in 2011 to $5.41 billion in 2018. There is no cost associated with accessing the paper which is available for download at www.nanomarkets.net/Downloads/CIGSPaper.pdf
