The report “Thin Film Material Market, By Type (CdTe, CIGS, a-Si, Others), End-User Industry [Photovoltaic Solar Cells, MEMS, Semiconductors and Electrical (Circuit Boards), Optical Coating, Others], and Deposition Processes – Global Trends & Forecast”, defines and segments the thin film material market with an analysis and forecast of the market value.
The advantages offered by thin film material in industrial as well as domestic operations, coupled with the rising demand for efficiency and miniaturization, will continue to drive the thin film material market. The growing demand from end-user industries would be responsible for the growth of thin film material market at a very swift pace in the future.
Request a Report Sample to Gain Valuable Insights at https://www.marketsandmarkets.com/requestsampleNew.asp?id=232915487
Globally, thin film material manufacturing companies are dependent on the government funding and subsidies. During the global economic crisis, U.S. and the European countries were affected the most. Many countries such as the U.S. and Germany stopped the funding subsidies provided to the thin film material manufacturing companies. This resulted in bankruptcy, closure, or acquisition of these companies by their Chinese counterparts. It also affected the thin film material market adversely causing the revenues to decline in 2013. But the recovering global economy combined with the stringent government regulation and funding from venture capitalists is estimated to provide the market with a necessary boost in the future.
The thin film material market is growing steadily in Europe, but will continue to grow at a rapid pace in Asia-Pacific. The countries such as China and Japan are the major contributors to the growing market of Asia-Pacific. The North American markets for thin film material will also continue to grow at a significant rate. The African and Latin American markets have still not realized their full potential but their growth rates would be considerably higher as compared to others owing to low base effect.
The thin material market is highly competitive and most companies don’t offer all types of thin film material. First Solar (U.S.) is a major player which has dominated the CdTe market, accounting for nearly half of of the total CdTe market in 2012. Hanergy (China) dominated the CIS/CIGS market; occupying around one-third of the market by acquiring other bankrupt companies in 2012. Ascent Solar (U.S.), Kaneka Solar Energy (Japan), and Solar Frontier (Japan) are the other major companies offering CIS/CIGS technology. The a-Si technology is majorly used by Asian companies such as Anwell Solar (Hong Kong), Suntech Power Co. Ltd. (China), and Moser Baer (India).
Get the Latest Version of the Report and be ahead of Your Competitors at https://www.marketsandmarkets.com/RequestNewVersion.asp?id=232915487
Thin film materials are appropriate for high-density and high-frequency applications. Thin film materials are used for number of applications in several industries such as photovoltaic solar cells, MEMS, semiconductor, electrical and optical coating. One of the key factors contributing to this market growth is the increasing use of solar energy. The market has also witnessed growth due to various governments investing increasingly in the solar industry globally. However, the shortage of raw material used for the production of thin films could pose a challenge for the growth of this market.
The report covers the thin film material market and its trends that concern five regions, namely, Europe, North America, Asia-Pacific, The Middle East & Africa, and Latin America; and the major countries in each region such as U.S., Canada, Germany, France, Italy, China, Japan, India, and others.. Thin film material by types, which are, amorphous silicon (a-Si), cadmium telluride (CdTe), and copper indium gallium selenide (CIGS) along with others have also been studied. Thin film material deposition processes such as, chemical process and physical process are covered.
Request for Bundle Report at https://www.marketsandmarkets.com/RequestBundleReport.asp?id=232915487
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Follow Us: LinkedIn | Twitter | Facebook
