Industry
analyst firm NanoMarkets is set to release a new report on the CIGS
photovoltaics market that predicts a market potential for CIGS PV to
be worth $2.7 billion (USD) in 2019 up from $1.3 billion this year.
Glen
Allen, Virginia (May 2, 2014) -- Industry analyst firm
NanoMarkets is set to release a new report on the CIGS photovoltaics
market that predicts a market potential for CIGS PV to be worth $2.7
billion (USD) in 2019 up from $1.3 billion this year. The report also
predicts that CIGS will grow from a capacity of 1.6 GW this year to
7.1 GW in 2019. The report titled, "CIGS Photovoltaics Markets
2014 and Beyond" will begin shipping to clients the week of May
5th. Additional details about the report are available on the firm's
website at:
http://www.nanomarkets.net/market_reports/report/cigs-photovoltaics-markets-2014-and-beyond.
The
report follows a recently released NanoMarkets reports on the BIPV
glass market (see here
http://www.nanomarkets.net/market_reports/report/bipv-glass-markets-2014-beyond
for details) that the firm projected would reach $2.7 billion
in revenues by 2019.
About
the Report:
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.
This
report analyzes the opportunities that are emerging for CIGS in this
very new phase of the solar industry. 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. This report is essential reading for firms that
manufacture or develop CIGS PV and for everyone interested in future
of the PV industry.
NanoMarkets
has been following the CIGS space since its earliest days and this
report provides the latest and most up to date information on the
current state of the CIGS and guidance with regard to its future
development and growth.
About
NanoMarkets:
NanoMarkets
tracks and analyzes emerging markets in energy, electronics and other
area created by developments in advanced materials. The firm is a
recognized leader in industry analysis and forecasts of the BIPV
sector and the PV sector more generally.
Visit
http://www.nanomarkets.net
for a full listing of NanoMarkets' reports and other services.
Media
Contact:
Robert
Nolan
NanoMarkets,
LC
PO
BOX 3840
Glen
Allen, VA 23058
(804)
938-0030
