New NanoMarkets Report States Manufacturing Capacity for Thin-Film and Organic PV to Reach 29 GWp by 2015
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Manufacturing capacity for thin-film and organic photovoltaics is expected to grow from approximately 2 GWp (Gigawatts at peak sunlight) this year to 29 GWp by 2015 according to a new report from NanoMarkets. At the same time, the value of manufacturing equipment purchased by thin-film PV (TFPV) and organic PV (OPV) firms will grow from $450 million in 2008 to $4.8 billion in 2008. These and other findings are from NanoMarkets' new report, "The Future of Thin Film and Organic Photovoltaics Manufacturing". Findings include:
- While First Solar will be hard to pass in the cadmium telluride (CdTe) sector, the race for dominance in the CIGS and OPV sectors has just begun. By 2015 these two sectors combined will account for 19 percent and 10 of aggregate capacity.
- Annual manufacturing equipment purchases by TFPV/OPV firms will reach over $1 billion in 2009, more than double this year. NanoMarkets projects that the market for TFPV/OPV equipment will flatten in 2010 as solar cell makers fully utilize the capacity they have rapidly put in place since 2007 but resume growth and reach $4.8 billion in 2015.
- Printing promises to reduce manufacturing costs, although it also faces challenges when it comes to producing the highest efficiency cells. Nonetheless, the market for printing equipment used in the manufacture of TFPV cells will grow from around $40 million in 2008 to over $750 million in 2015.
NanoMarkets' report, "The Future of Thin Film and Organic Photovoltaics Manufacturing" analyzes the underlying performance of the TFPV and OPV plants built to date, identifies the major challenges to TFPV/manufacturing and where the solutions to these challenges will be coming from. The report also forecasts the capacity of TFPV and OPV plants that are currently being built throughout the world or likely to be built in the near future. Finally, it includes projections of the expenditures of TFPV firms on production equipment over an eight year period.
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