Report analyses CIGS opportunities
Capacity to grow from 1.6GW this year to 7.1GW in 2019
RnRMarketResearch.com has added NanoMarkets' 'CIGS Photovoltaics Markets - 2014 and Beyond report' to its research database. The report analyses the opportunities that are emerging for the Copper Indium Gallium Selenide (CIGS) PV market.
NanoMarkets' predicts a market potential for CIGS PV to be worth $2.7 billion in 2019 up from $1.3 billion in 2014, and that CIGS will grow from a capacity of 1.6 GW this year to 7.1 GW in 2019.
The industry shakeout in CIGS PV has been brutal. In 2010 there were more than 25 companies with plans for over 1 GW of capacity, but to date only Solar Frontier has achieved the goal. As the shakeout continued, there were even questions whether any new capacity would be added beyond the approximately 3 GW that was in place as the CIGS sector faced extreme price pressure from falling silicon based PV. Nonetheless, NanoMarkets believes that while multiple start-ups have either been liquidated or acquired, the remaining few large CIGS players are poised to add significant capacity.
The report takes a detailed look into the technical evolution of CIGs fabrication and encapsulation and show how this will impact CIGS market expansion and cost reduction. Much of the report is devoted to the opportunities for CIGS in building-integrated PV (BIPV market) and how CIGS flexible modules and price parity with silicon solar panels could considerably improve the revenues generated by CIGS technology in the near future.
This report also includes NanoMarkets' eight-year forecasts of the market for CIGS PV. These forecasts are broken down by type of application (BIPV, flexible devices, etc) and by the manufacturing technology used, including deposition technology and flexible vs. rigid manufacturing.
