Thin-Film Photovoltaic (PV) Cells Market Projected To Grow 24% Annually Through 2020

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The global thin film photovoltaic (PV) market, despite of caution in the overall PV industry, is expected to experience an overwhelming growth in coming years. Thin film production market share in the global solar PV market grew from a mere 2.8% in 2001 to 25% in 2009, thus dictating a growing share in the future. Thin film solar PV, as per GBI Research’s estimation, is set to increase its share to ~38% by 2020. Expectations are that, in the long-term, thin film solar PV technology would surpass the dominating conventional solar PV technology, thus enabling the long sought-after grid parity objective.
 
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