#C-Si A-Si CIGS Solar Cell and Module Market Manufacturers
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electronalytics · 2 years ago
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C-Si A-Si CIGS Solar Cell and Module Market Consumption Analysis, Business Overview and Upcoming Trends by 17- 2032
Amorphous silicon, copper indium gallium selenide, and crystalline silicon are three different types of solar cell technologies that are frequently employed in the market. The market for C-Si, A-Si, and CIGS solar cells and modules is described below, along with market trends, demand drivers, and the top 10 market-shaping variables:
Market Overview: Production and use of solar cells and modules based on C-Si, A-Si, and CIGS technologies are included in the solar cell and module market. The most extensively used technology is crystalline silicon (C-Si), but amorphous silicon (A-Si) and CIGS provide special benefits like flexibility, light weight, and greater conversion efficiency in particular applications.
From 2022 to 2030, the market for c-Si a-Si CIGS solar cells and modules is anticipated to increase at a CAGR of 5.3%
Trends:
1. Predominance of C-Si: Due to their established technology, high efficiency, and economies of scale, crystalline silicon solar cells and modules continue to rule the industry.
2. Efficiencies are being improved: To make A-Si and CIGS solar cells more competitive with C-Si technology, ongoing research and development activities are concentrated on enhancing their efficiencies.
3. Flexible and Lightweight Design: The fabrication of flexible and lightweight solar modules is made possible by CIGS and A-Si technologies, which creates new application opportunities in fields including portable electronics, curved surfaces, and building integration.
4. Cost Reductions: Cost reductions for all three technologies are made possible by improvements in manufacturing techniques, material utilisation, and economies of scale. As a result, solar energy is now more widely available.
5. Market segmentation: Various solar cell technologies locate specialised uses in accordance with their unique properties, such as C-Si in utility-scale installations,A-Si in consumer electronics, and CIGS in building-integrated photovoltaics
Demand Factors:
Energy Transition and Climate Goals: The global shift toward renewable energy sources, carbon reduction targets, and climate change mitigation efforts drive the demand for solar cells and modules of all three technologies.
Government Policies and Incentives: Supportive policies, feed-in tariffs, tax credits, and other financial incentives provided by governments encourage the adoption of solar energy and influence the market demand for C-Si, A-Si, and CIGS technologies.
Cost Competitiveness: The cost-effectiveness of solar cells and modules, including installation, maintenance, and long-term performance, is a significant factor driving their demand in the market.
Environmental Considerations: Solar energy's low carbon footprint and environmental friendliness make C-Si, A-Si, and CIGS technologies appealing options for sustainable power generation.
Application-specific Advantages: Each technology offers unique advantages that cater to specific applications, such as C-Si's efficiency for utility-scale projects, A-Si's lightweight nature for consumer electronics, and CIGS' flexibility for building integration.
Key Factors Influencing the Market:
Technological Advancements: Continuous research and development efforts to improve efficiency, durability, and scalability of C-Si, A-Si, and CIGS solar cells and modules drive market growth.
Manufacturing Scale and Cost Reductions: Increasing production scale, process optimizations, and economies of scale result in cost reductions, making solar energy more affordable and competitive.
Government Policies and Support: Favorable policies, subsidies, grants, and regulations supporting renewable energy deployment influence the demand for solar cells and modules of all three technologies.
Competitiveness with Other Technologies: The market competitiveness of C-Si, A-Si, and CIGS solar cells and modules compared to other renewable energy technologies, such as wind power or biomass, affects their adoption rates.
Building Codes and Standards: Compliance with building codes and standards and the ability to integrate solar modules into building materials influence the demand for BIPV applications using A-Si and CIGS technologies.
Material Availability: The availability and cost of materials like silicon, indium, gallium, and selenium impact the manufacturing and pricing of C-Si, A-Si, and CIGS solar cells and modules.
Reliability and Longevity: Ensuring the long-term performance, reliability, and durability of solar cells and modules are critical factors in building trust among end-users and investors.
Supply Chain and Manufacturing Capabilities: The maturity, efficiency, and reliability of the supply chain, including raw material sourcing, manufacturing processes, and distribution networks, impact the market growth of solar technologies.
Market Competition: Competition among manufacturers and suppliers of C-Si, A-Si, and CIGS solar cells and modules influences product quality, innovation, and pricing.
Regional Market Dynamics: Factors such as solar resource availability, government policies, economic conditions, and local energy demand shape the demand and adoption of C-Si, A-Si, and CIGS solar cells and modules in different regions.
These factors collectively shape the C-Si, A-Si, and CIGS solar cell and module market, driving their growth and influencing their level of adoption in various sectors and regions.
By visiting our website or contacting us directly, you can explore the availability of specific reports related to this market. These reports often require a purchase or subscription, but we provide comprehensive and in-depth information that can be valuable for businesses, investors, and individuals interested in this market.
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Market Segmentations:
Global C-Si A-Si CIGS Solar Cell and Module Market: By Company
• Solar Frontier
• SoloPower
• Stion
• Avancis
• Manz
• DowDuPont
• Siva Power
• Hanergy
• Solibro
• Miasole
• Global Solar
• Flisom
Global C-Si A-Si CIGS Solar Cell and Module Market: By Type
• C-Si Solar Cell Module
• A-Si Thin Film Solar Module
• CIGS Thin Film Solar Module
Global C-Si A-Si CIGS Solar Cell and Module Market: By Application
• Residential
• Commercial
• Ground Station
• Others
Global C-Si A-Si CIGS Solar Cell and Module Market: Regional Analysis
The regional analysis of the global C-Si A-Si CIGS Solar Cell and Module market provides insights into the market's performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the C-Si A-Si CIGS Solar Cell and Module market report are as follows:
North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for C-Si A-Si CIGS Solar Cell and Module in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product.
Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for C-Si A-Si CIGS Solar Cell and Module in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors.
Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for C-Si A-Si CIGS Solar Cell and Module in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction.
Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors.
South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for C-Si A-Si CIGS Solar Cell and Module in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.
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In general, market research studies offer companies and organisations useful data that can aid in making decisions and maintaining competitiveness in their industry. They can offer a strong basis for decision-making, strategy formulation, and company planning.
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rachel01-zane · 5 years ago
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C-Si A-Si CIGS Solar Cell and Module Market Trends, Opportunities, Revenue and Region Analysis, Forecast 2020-2025
C-Si A-Si CIGS Solar Cell and Module Market Trends, Opportunities, Revenue and Region Analysis, Forecast 2020-2025
Chicago, United States, Jan 31, 2020 —Report Hive Research adds C-Si A-Si CIGS Solar Cell and Module Market report to its research database. The report delivers in depth market statistics and elaborates on different market segments categorized by players, end users, applications at the regional level individually. Citing each and every challenge obstructing the market growth, the C-Si A-Si CIGS…
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lalsingh228-blog · 3 years ago
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myoliver123stuff · 4 years ago
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Thin Film Solar Cells Market is estimated to reach at US$16.3 billion by 2026
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Market Scenario
Global Thin Film Solar Cells Market was valued US$ 16.3 Bn in 2017 and is projected to reach US$ 42.8 Bn by 2026 at a CAGR of 12.8 % during the forecast.
Global thin film solar cells market is segmented by product, by end use, and by region. Based on product, thin-film solar cells market is segmented into cadmium telluride (CdTe), copper indium gallium diselenide (CIGS), and amorphous thin-film silicon. Residential, commercial, and utility are end users of thin film solar cells market. Geographically, thin film solar cells market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Increase in awareness toward boosting green energy, a rise in energy consumption, rapid installation flexibility, and cost & performance efficiency of thin film solar cell drives global thin film solar cells market. Reducing renewable tariff subjected to increasing competitive demand may positively influence industry growth. Increasing electricity demand mainly from rural area among developing countries coupled with regulatory measures toward energy conservation will accelerate the thin film solar cells market. Reducing renewable tariff subjected to increasing competitive bidding may positively impact market growth. High initial manufacturing cost and technological complexity concerned with the use of thin-film solar cells are predicted to hamper the market growth.
Global Thin Film Solar Cells Market
CIGS technology is gaining more popularity than other thin-film technologies. CIGS cells offer high efficiency and combined advantages of both c-Si, which claim potential advantages on cost, flexibility, weight, and manufacture ability and cheaper manufacturing process. A lot of venture capitalist firms are investing in CIGS technology, CIGS segment is expected to capture the maximum share in the thin film module market.
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Commercial thin film solar cells dominated the market in 2017 and in term of a volume is anticipated to witness growth over 15% by 2026. Growing demand for uninterrupted power supply from rural or developing areas will favor the industry growth. There has been increased in production plant manufacturing commercial thin-film solar cells. Worldwide, about 34 companies are actively developing thin-film PV technologies.
In 2017, Europe dominated the thin film solar cell market, in terms of both value and volume. Middle East & Africa is expected to witness the highest growth rate during forecast, owing to the continual occurrence of solar radiation and high use of renewable energy due to the extensive use of hydropower.
Oxford Photovoltaics, Hankey Asia Ltd., Global Solar, Inc., Xunlight Kunshan Co. Ltd., Kaneka Corporation, First Solar, Ascent Solar Technologies Inc., MiaSole Hi-Tech Corp., Trony Solar, and Mitsubishi Electric US, Inc. are major players in thin film solar cell market.
Scope of the Global Thin Film Solar Cell Market
Global Thin Film Solar Cell Market by Type:
• Cadmium Telluride • Copper Indium Gallium Diselenide • Amorphous Thin-film Silicone
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Global Thin Film Solar Cell Market by End User:
• Residential • Commercial • Utility
Key Player analysed in Global Thin Film Solar Cell Market:
• Oxford Photovoltaics • Hankey Asia Ltd. • Global Solar, Inc. • Xunlight Kunshan Co. Ltd. • Kaneka Corporation • First Solar • Ascent Solar Technologies Inc. • MiaSole Hi-Tech Corp.
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• Trony Solar • Mitsubishi Electric US, Inc. • United Solar, Inc. • Solar Frontier K.K. • Solopower Systems • General Electric • Sharp Corporation • XsunX Inc.
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alex121world · 5 years ago
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Thin Film Solar Cells Market: Granular View of The Market from Various End-Use Segments
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Global Thin Film Solar Cells Market was valued US$ 16.3 Bn in 2017 and is projected to reach US$ 42.8 Bn by 2026 at a CAGR of 12.8 % during the forecast.
Global thin film solar cells market is segmented by product, by end use, and by region. Based on product, thin-film solar cells market is segmented into cadmium telluride (CdTe), copper indium gallium diselenide (CIGS), and amorphous thin-film silicon. Residential, commercial, and utility are end users of thin film solar cells market. Geographically, thin film solar cells market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Request for Report sample : https://www.trendsmarketresearch.com/report/sample/11400
Increase in awareness toward boosting green energy, a rise in energy consumption, rapid installation flexibility, and cost & performance efficiency of thin film solar cell drives global thin film solar cells market. Reducing renewable tariff subjected to increasing competitive demand may positively influence industry growth. Increasing electricity demand mainly from rural area among developing countries coupled with regulatory measures toward energy conservation will accelerate the thin film solar cells market. Reducing renewable tariff subjected to increasing competitive bidding may positively impact market growth. High initial manufacturing cost and technological complexity concerned with the use of thin-film solar cells are predicted to hamper the market growth.
Global Thin Film Solar Cells Market
CIGS technology is gaining more popularity than other thin-film technologies. CIGS cells offer high efficiency and combined advantages of both c-Si, which claim potential advantages on cost, flexibility, weight, and manufacture ability and cheaper manufacturing process. A lot of venture capitalist firms are investing in CIGS technology, CIGS segment is expected to capture the maximum share in the thin film module market.
Request for Report Discount : https://www.trendsmarketresearch.com/report/discount/11400
Commercial thin film solar cells dominated the market in 2017 and in term of a volume is anticipated to witness growth over 15% by 2026. Growing demand for uninterrupted power supply from rural or developing areas will favor the industry growth. There has been increased in production plant manufacturing commercial thin-film solar cells. Worldwide, about 34 companies are actively developing thin-film PV technologies.
In 2017, Europe dominated the thin film solar cell market, in terms of both value and volume. Middle East & Africa is expected to witness the highest growth rate during forecast, owing to the continual occurrence of solar radiation and high use of renewable energy due to the extensive use of hydropower.
Oxford Photovoltaics, Hankey Asia Ltd., Global Solar, Inc., Xunlight Kunshan Co. Ltd., Kaneka Corporation, First Solar, Ascent Solar Technologies Inc., MiaSole Hi-Tech Corp., Trony Solar, and Mitsubishi Electric US, Inc. are major players in thin film solar cell market.
Scope of the Global Thin Film Solar Cell Market
Global Thin Film Solar Cell Market by Type:
• Cadmium Telluride • Copper Indium Gallium Diselenide • Amorphous Thin-film Silicone Global Thin Film Solar Cell Market by End User:
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• Residential • Commercial • Utility
Key Player analysed in Global Thin Film Solar Cell Market:
• Oxford Photovoltaics • Hankey Asia Ltd. • Global Solar, Inc. • Xunlight Kunshan Co. Ltd. • Kaneka Corporation • First Solar • Ascent Solar Technologies Inc. • MiaSole Hi-Tech Corp. • Trony Solar • Mitsubishi Electric US, Inc. • United Solar, Inc. • Solar Frontier K.K. • Solopower Systems • General Electric • Sharp Corporation • XsunX Inc.
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pmacblog · 6 years ago
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C-Si A-Si CIGS Solar Cell and Module Market Likely to Emerge over a Period of 2019 - 2024: Hanergy, Solibro, Miasole, Global Solar, etc.
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The latest report titled global C-Si A-Si CIGS Solar Cell and Module Market 2019 includes the comprehensive study of the present market scope and based on the research that is being carried out the analysts at Market Research Vision state that the newest developments that are presently affecting the changing scenario products and services that have high rankings and great feedback are described wisely. Get a Sample PDF Report: https://www.acquiremarketresearch.com/sample-request/117322/ If you are involved in the Global C-Si A-Si CIGS Solar Cell and Module industry or intend to be, then this study will provide you a comprehensive outlook. It’s vital you keep your market knowledge up to date segmented by major players. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports, we can provide customization according to your requirement. Based on products type, the report describes major products type share of regional market. Products mentioned as follows:  C-Si Solar Cell+Module, A-Si Thin Film Solar Module, CIGS Thin Film Solar Module Leading vendors in the market are included based on profile, business performance etc. Vendors mentioned as follows:  Solar Frontier, SoloPower, Stion, Avancis (CNBM), Manz, Dow Solar (NuvoSun), Siva Power, Hanergy, Solibro, Miasole, Global Solar Based on Application, the report describes major application share of regional market. Application mentioned as follows:  Residential, Commercial, Ground Station,
Get Discount on this Report: https://www.acquiremarketresearch.com/discount-request/117322/ Some of the Points cover in the Global C-Si A-Si CIGS Solar Cell and Module Market Research Report is: • Definition • Specifications • Classification • Applications • Regions Global C-Si A-Si CIGS Solar Cell and Module Market Report gives answers to the following Vital Questions: 1. What are the risks associated with the sourcing of raw material, or holding the line on costs of services? 2. Who are the emerging competitors in the Global C-Si A-Si CIGS Solar Cell and Module industry? 3. Expected percentage of the Global C-Si A-Si CIGS Solar Cell and Module Market Growth over the upcoming period? 4. Why does the Global C-Si A-Si CIGS Solar Cell and Module Market have high growth potential? 5. How does this report match with Investment Policy Statement? Study Objective of The Report: • To study and estimate the market size of C-Si A-Si CIGS Solar Cell and Module, in terms of value. • To find growth and challenges for the global market. • To study worthwhile expansions such as expansions, new services launches in Global C-Si A-Si CIGS Solar Cell and Module. • To conduct the pricing analysis for the global market. • To classify and assess the side view of important companies of Global C-Si A-Si CIGS Solar Cell and Module. Thank You For Visiting Our Report View Full Report@ https://www.acquiremarketresearch.com/industry-reports/c-si-a-si-cigs-solar-cell-and-module-market/117322/
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solarpanel1-blog · 8 years ago
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Best Solar Panels - Basic Info and International Survey Results
If you are planning the purchase of a complete solar panel system or if you are shopping for parts to assemble your own solar panels you want to make sure to purchase the best solar panels for your individual purpose. This article puts up some basic information on solar panels to help you make the right decision.
One thing right at the beginning, there is nothing like "the world's best solar panels for everyone." It makes a big difference whether you want to generate electricity for your home and even feed surplus capacity in the power grid or if you want to charge a car battery now and then. And producing hot water from a solar installation needs actually a complete different technology. In narrower sense those so called "thermal solar collectors" or "solar collectors" are not even proper solar panels. So what's the difference?
Solar panels (photovoltaic panels, photovoltaic modules) convert shortwave radiation, e.g. parts of the sunlight, into electrical power. They consist of interconnected solar cells which are protected by a range of different materials. The surface is transparent and the solar panel is framed, mostly in an aluminum frame.
Solar collectors on the other hand, are a system of liquid filled tubes. Sunlight heats up the tubes and the liquid. A heat exchanger now transfers the heat to the facility water circuit for warm water and heating. Since this article discusses "best solar panels" let's get back to generating electricity out of sunlight and save solar collectors for another article.
Before you purchase solar panels make sure you take a close look at the Solar Panel Specification Sheet. It gives you vital details of the particular solar module and helps you choose the best solar panels for your purpose. You may want to look especially at the following data:
Solar cell itself - what kind of semiconductor material is being used?
-- Monocrystalline silicon cells (c-Si) have an efficiency degree of more than 20% -- Polycrystalline silicon cells (mc-Si) have an efficiency of 16% -- Flat film amorphous silicon cells (a-Si) have an efficiency of 5%--7% (best solar panels in sales at thetime) -- Microcrystalline silicon cells (µc-Si) in combination with a-Si cells have up to 10% -- Gallium-Arsenik cells (GaAs), Cadmium-Tellur cells (CdTe) and Chalkopyrite cells (CIS, CIGS) have degrees of efficiency from 10 to over 40% (GaAs). They are not (yet) suitable for most private customers, because either they are very expensive or they are not fully developed, yet. -- Panels containing organic solar cells may become the best solar panels in the future, as they can be produced at relatively low costs. At this time their efficiency is still low (pigmented Grätzel-cells have max. 10 %, others are lower) and their life expectancy is short (5000 hours). But keep them in mind for portable electric devices.
Solar module efficiency
Always look at the efficiency of the total solar module, not only of the individual solar cell and be aware that high efficiency degrees are nothing without a high minimum warranted power rating. (see next paragraph)
Solar module power rating
It tells you about the wattage of the particular solar electric module. Make sure to check the (warranted) minimum power since the maximum power, stated in Peak Watt (Wp), is always measured under standard test conditions (STC). As you know, nature is not a laboratory. It provides real live conditions and they can differ surprisingly in many ways.
Operation voltage
Open circuit voltage, stated in Volts (V), is the maximum voltage a solar cell produces when illuminated and not connected to a load. The hotter the Solar Panels get, the lower the open circuit voltage gets.
Temperature operating range (TOR)
As mentioned above, operation voltage decreases with increasing temperatures. Make sure the TOR suits your local climate conditions.
Construction
Consider that you are purchasing a fragile high tech product that may be installed on your rooftop and should be be able to withstand roasting sun as well as wind, hail and heavy snow loads. Choose the right mounting system. Medium duty is good, heavy duty is better. The best solar panels are useless when blown down the roof and crashed on the ground.
Dimensions
Compare the panel dimensions to the active area to avoid a waste of space.
Inverter
An inverter converts the solar produced electricity (direct current, DC) to alternate current (AC). Look for inverters with heavy duty copper wound output transformers. You set it and forget it. Otherwise you will have your inverter getting repaired or replaced - sooner or later. In worst case that can become necessary on a regular basis. This is no fun and a waste of time and money.
Warranty
20 - 25 years warranty on mono- and polycrystalline silicon solar panels are common. This should be the minimum when purchasing solar panels, since today best solar panels have life expectancies of 30 years and even longer. Take a look at the factory warranty and do not accept only a dealer's warranty.
Now it's up to you to choose the best solar panels for your needs. Take your time to compare different panels, inverters and mounting systems. If you want to purchase a complete solar system and get it installed, contact more than one dealer. Now you can ask them the right questions.
In the following I have listed some manufacturers of solar panels, that made it into the Top 3 of ENF's 2007 brand survey on the world's best solar panels. ENF is a reputable photovoltaic information company located in China and in the U.K. The survey gives you a good starting point to find the right panel for you. Please keep in mind that 2 years can be a long time in hightech business so do not rely blindly on the results. For actual info check my blog from time to time (see below). Here are the ENF results:
Best Solar Panels
Global No.1 Brand: SunPower (USA) Global No.2 Brand: Schott Solar (Germany) Global No.3 Brand: Solar World (Germany)
No.1 Product Quality: Sanyo (Japan) No.1 VAlue for Money: Suntech Power (China)
Best Solar Panel Inverters
Global No.1 Brand: Kaco new energy (Germany) Global No.2 Brand: OutBack Power Systems (USA) Global No.3 Brand: Mastervolt (the Netherlands)
No.1 Product Quality: OutBack Power Systems (USA) No.1 Value for Money: Kaco new energy (Germany)
Best Solar Panel Mounting Systems
Global No.1 Brand: Direct Power & Water (USA) Global No.2 Brand: UniRac (USA) Global No.3 Brand: Schüco (Germany)
Best Solar Trackers
Global No.1 Brand: Zomeworks (USA)
Best Solar Systems
Global No.1 Brand: Sharp (Japan)
Ulrich Lahn is an Internet Marketer, Business Coach and Consultant. He is passionate about his family, renewable energy (especially solar power), MindMapping and playing guitar.
Best Solar Panels [http://www.best--solar--panels.com].
Electric Solarpanels and Solar Collectors [http://www.best--solar--panels.com/best-solar-panels/best-solar-panels].
Article Source: EzineArticles
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mmrseo · 6 years ago
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Global Thin Film Solar Cells Market
Global Thin Film Solar Cells Market was valued US$ 16.3 Bn in 2017 and is projected to reach US$ 42.8 Bn by 2026 at a CAGR of 12.8 % during the forecast.
Global thin film solar cells market is segmented by product, by end use, and by region. Based on product, thin-film solar cells market is segmented into cadmium telluride (CdTe), copper indium gallium diselenide (CIGS), and amorphous thin-film silicon. Residential, commercial, and utility are end users of thin film solar cells market. Geographically, thin film solar cells market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Increase in awareness toward boosting green energy, a rise in energy consumption, rapid installation flexibility, and cost & performance efficiency of thin film solar cell drives global thin film solar cells market. Reducing renewable tariff subjected to increasing competitive demand may positively influence industry growth. Increasing electricity demand mainly from rural area among developing countries coupled with regulatory measures toward energy conservation will accelerate the thin film solar cells market. Reducing renewable tariff subjected to increasing competitive bidding may positively impact market growth. High initial manufacturing cost and technological complexity concerned with the use of thin-film solar cells are predicted to hamper the market growth.
 CIGS technology is gaining more popularity than other thin-film technologies. CIGS cells offer high efficiency and combined advantages of both c-Si, which claim potential advantages on cost, flexibility, weight, and manufacture ability and cheaper manufacturing process. A lot of venture capitalist firms are investing in CIGS technology, CIGS segment is expected to capture the maximum share in the thin film module market.
Commercial thin film solar cells dominated the market in 2017 and in term of a volume is anticipated to witness growth over 15% by 2026. Growing demand for uninterrupted power supply from rural or developing areas will favor the industry growth. There has been increased in production plant manufacturing commercial thin-film solar cells. Worldwide, about 34 companies are actively developing thin-film PV technologies.
In 2017, Europe dominated the thin film solar cell market, in terms of both value and volume. Middle East & Africa is expected to witness the highest growth rate during forecast, owing to the continual occurrence of solar radiation and high use of renewable energy due to the extensive use of hydropower.
Oxford Photovoltaics, Hankey Asia Ltd., Global Solar, Inc., Xunlight Kunshan Co. Ltd., Kaneka Corporation, First Solar, Ascent Solar Technologies Inc., MiaSole Hi-Tech Corp., Trony Solar, and Mitsubishi Electric US, Inc. are major players in thin film solar cell market. Scope of the Global Thin Film Solar Cell Market
Global Thin Film Solar Cell Market by Type:
• Cadmium Telluride • Copper Indium Gallium Diselenide • Amorphous Thin-film Silicone Global Thin Film Solar Cell Market by End User:
• Residential • Commercial • Utility Key Player analysed in Global Thin Film Solar Cell Market:
• Oxford Photovoltaics • Hankey Asia Ltd. • Global Solar, Inc. • Xunlight Kunshan Co. Ltd. • Kaneka Corporation • First Solar • Ascent Solar Technologies Inc. • MiaSole Hi-Tech Corp. • Trony Solar • Mitsubishi Electric US, Inc. • United Solar, Inc. • Solar Frontier K.K. • Solopower Systems • General Electric • Sharp Corporation • XsunX Inc.
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Global Alternative Solar Photovoltaic Technologies Market Growth, Demand, Supply, SWOT, Consumption, Revenue to 2025
The demand in the global alternative solar photovoltaic technologies market is rising on the back of expanding  application of solar PV installations in lightweight rooftop, building applied photovoltaic systems (BAPV), building integrated photovoltaic (BIPV), consumer products, portable electronics, aerospace and military. Rising use of alternative solar photovoltaic technologies in different area will create new growth opportunities in this market.
Alternative solar photovoltaic technologies play a vital role in solar PV industry. These technologies offer higher growth avenues along with higher conversion efficacies, new applications, lighter weight, improved stability, and greater mechanical flexibility.
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As grid electricity produced is produced through traditional generative sources like carbon-based fuels, there is higher chance for alternative solar photovoltaic technologies that provides higher potential for reduced production cost.
Development of New Technologies to Expand Market Performance
The competition in the global alternative solar photovoltaic technologies market is also increasing as several players are coming with new technologies to get a firm hold in the market. some of the key players in the market are Midsummer AB, Kaneka Corp, Solopower Systems Inc., Hanergy Thin-film Power Group Ltd., Showa Shell Sekiyu K.K., (Solar Frontier K.K.), Nanosolar Inc., Moser Baer India ltd., Onyx Solar Energy, and Opvius GMBH. These players are using advanced techniques to develop provide better facilities for the user using alternative solar photovoltaic technologies.
Furthermore, players are making efforts in reviewing different technologies that are currently in commercial use. Moreover, early-stage technologies are undergoing transformation, as they are moving from research to commercialization. With these processes, new technologies will augmented growth in the global alternative solar photovoltaic technologies market.
Report Highlights
The global market for alternative solar photovoltaic (PV) technologies should grow from $1.9 billion in 2018 to nearly $2.3 billion by 2023 with a compound annual growth rate (CAGR) of 3.6% for the period of 2018-2023.
Summary
Alternative solar photovoltaic technologies have become an inseparable part of the solar PV industry. Alternative solar photovoltaic technologies offer the prospects of higher conversion efficiencies, lighter weight, new applications, greater mechanical flexibility and less fragility. They also offer the potential for significantly lower production costs that may be highly competitive with grid electricity produced through traditional generative sources such as carbon-based fuels, as well as with other types of more traditional solar PV technologies such as mono- and polycrystalline silicon modules.
Current worldwide sales figures support this trend and suggest that the alternative solar photovoltaic technologies market will grow gradually during the coming years. Forecasts of actual market volumes predict installation of more than REDACTED GW of alternative solar PV technologies by 2023. In 2017, First SolarInc. installed more than REDACTED GW of cadmium telluride (CdTe) modules worldwide. Alternative solarphotovoltaic technologies have until now been most successful in the U.S., Japan, China and Germany,but are likely to gain popularity across the globe.
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Alternative solar photovoltaic technologies are divided into second generation and third generation solar PV technologies.
Second generation technologies are currently commercially viable and deployed on a relatively wide basis; they compete within the power generation segment, and more narrowly, their nearest competition is with c-Si PV technologies. The most widely utilized technologies are thin-film technologies (non-c-Si), which may be composed of the following – – Cadmium telluride (CdTe) cells and modules. – Copper indium gallium (di)selenide (CIGS or CIS) cells and modules. – Amorphous silicon (a-Si; non-crystalline) cells and modules. – Gallium-arsenide (GaAs).
Third-generation photovoltaics encompass a diverse set of technologies that range from those that are still in a highly theoretical stage to others that are in the earliest stages of commercial deployment in mostly specialized applications or niche markets. When compared to present adoption rates, the growth in both raw numbers and percentages will be highly impressive in the next five years for thirdgeneration PV, since they are beginning from such a low initial threshold. However, the overall size of the markets will remain small relative to c-Si and even other technologies in the second-generation PV category as companies continue to deal with the challenges of low conversion efficiencies and very specific environmental operating condition requirements for certain third-generation technologies (such as OPV) to achieve optimal performance.
The nearly $REDACTED billion worldwide market for alternative solar photovoltaic technologies that waswitnessed in 2018 will continue to grow gradually at a CAGR of REDACTED% through 2023. This market is stableand growing as a result of the gradual expansion of solar PV installations into niche applications like building integrated photovoltaic (BIPV), building applied photovoltaic systems (BAPV), lightweightrooftop, portable electronics, consumer products, aerospace and military, among others; opening newer opportunities for alternative solar photovolta ic technologies.
Scope of Report:
Topics analyzed within the report include a detailed breakdown and analysis of the global markets for alternative solar PV technologies by geography, technology and application. Additionally, included are a review of the different technologies currently in commercial use; a review of early-stage technologies that are beginning to see transfer from research to commercialization; a sketch of the industrys current structure, including competitive and regulatory analysis within this context; and major factors impelling and impeding global growth. The scope of the report extends to sizing of the alternative solar photovoltaic technologies market and an analysis of global market trends with market data for 2017 being considered as the base year, 2018 as the estimate year and forecast for 2023 with projection of CAGR from 2018 to 2023. Market data is provided in terms of megawatts installed annually and U.S. dollar value at global and regional levels, as well as select countries for alternative solar photovoltaic technologies.
The report focuses on assessment of alternative solar photovoltaic technologies and a detailed analysis of original equipment manufacturers and the related system providers. Market dynamics such as drivers, restraints, opportunities and challenges are also discussed in the report. The study forecasts the market value of the alternative solar photovoltaic technologies market for key technologies like CIS/CIGS, CdTe, a-Si, DSSC and OPV, among others. A deep dive analysis of CIGS technology is done by estimating the market trends for the application and production method segment. The report forecasts the market value of the CIGS alternative solar photovoltaic technologies market for major applications like grid tied applications, off grid applications, portable electronics and consumer products; and other applications like transportation, aerospace, remote sensing and military. The report also forecasts the market value of the CIGS alternative solar photovoltaic technologies market by production methods that include major manufacturing methods like sputtering, co-evaporation and other methods like electrochemical deposition and printing, among others.
Complete understanding of the key technologies like Cadmium Telluride (Cdte), Copper Indium Gallium (Di)selenide (CIS/CIGS) and Amorphous Silicon (A-si) – Company profiles of the major players of the industry, including Ascent Solar Technologies Inc., First Solar Inc., Manz Ag, Showa Shell Sekiyu K.K. (Solar Frontier K.K.) and Hanergy”
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Product Details and Scope of Global and Regional C-Si A-Si CIGS Solar Cell and Module Market 2018
This report focus on Global and Regional C-Si A-Si CIGS Solar Cell and Module Market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from Global and major regions such as Europe, North American, South American, Asia (Excluding China), China and etc. Data type include capacity, production, market share, price, revenue, cost, gross, gross margin, growth rate, consumption, import, export and etc. Industry chain, manufacturing process, cost structure, marketing channel are also analyzed in this report.
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This report provides valuable information for companies like manufacturers, suppliers, distributors, traders, customers, investors and individuals who have interests in this industry.
Major companies are as follows:
Solar Frontier, SoloPower, Stion, Avancis (CNBM), Manz, Dow Solar (NuvoSun), Siva Power, Hanergy, Solibro, Miasole, , , , , , , , , ,
Major types are as follows:
C-Si Solar Cell+Module, A-Si Thin Film Solar Module, CIGS Thin Film Solar Module
Major applications are as follows:
Residential, Commercial, Ground Station
View Detailed Report at View Detailed Report at https://www.wiseguyreports.com/reports/1724100-2017-global-and-regional-c-si-a-si-cigs-solar-cell
Table of Contents
Chapter One Industry Overview  
Chapter Two Industry Chain Analysis
Chapter Three 2011-2016 Global Market and Major Manufacturers Analysis
Chapter Four 2011-2016 Regional Market and Major Manufacturers Analysis
Chapter Five Major Manufacturers Analysis
Chapter Six Major Classification Analysis
Chapter Seven Major Application Analysis
Chapter Eight Global and Regional Market Forecast
Chapter Nine Marketing Channel Analysis
Chapter Ten New Project Investment Feasibility Analysis
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caseinpoints · 7 years ago
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Thin-film solar: Stuck in second place, even with c-Si tariffs
If there’s one product that has the opportunity to benefit from the tariffs on crystalline silicon solar panels, it’s the thin-film module. Crystalline silicon’s (c-Si) slimmer cousin, thin-film is exempt from the 30% solar panel tariff because the U.S. government found that imported c-Si modules—not thin-film—were causing harm to domestic panel manufacturing. That’s no surprise as c-Si holds between 90 and 95% of the global production market share.
Thin-film’s market share over the years. Credit: Fraunhofer ISE
Thin-film panel manufacturer First Solar—exempt from the tariffs—is expanding its Vietnam manufacturing plant and will build a new 1.2-GW facility in Ohio to meet utility-scale demand. The expected 500 U.S. jobs will assist with production of the company’s new Series 6 module, which is sized and powered to be competitive with traditional c-Si. Is it finally thin-film’s time to shine?
Since thin-film has found most of its success thus far in either large utility-scale projects or small pocket-sized calculators, it will take a major preference shift and production upgrade for the specialized modules to take off.
Types of thin-film solar
First Solar employees work on Series 4 modules at the company’s Perrysburg, Ohio, manufacturing plant. (Photo by Dennis Schroeder / NREL)
A thin-film solar panel is made of thin films of semiconductors deposited on glass, plastic or metal. The films are incredibly thin, often 20 times thinner than c-Si wafers. This makes thin-film solar panels flexible and lightweight. If the thin-film cells are encased in plastic, the product could be flexible enough to mold to a roof’s shape; when glass is used, thin-film panels are more rigid and heavier.
There are three common thin-film divisions: amorphous silicon (a-Si), cadmium telluride (CdTe), and copper indium gallium selenide (CIGS) or gallium-free CIS.
a-Si is the oldest thin-film technology. It uses chemical vapor deposition to place a thin layer of silicon onto the glass, plastic or metal base. It is nontoxic, absorbs a wide range of the light spectrum and performs well in low light but loses efficiency quickly. Pocket and desk calculators use a-Si cells, and PowerFilm produces low-watt, portable solar products using the technology. The highest efficiency on record for a-Si is 13.6%.
CdTe is the most common thin-film solar technology, largely because of First Solar’s utility-scale dominance. In First Solar’s case, cadmium and tellurium (a rare metal) are deposited on glass. In 2016, First Solar hit a CdTe world-record cell efficiency of 22.1%, although its modules average 17%. The Series 6 module should produce 420 W, and its smaller Series 4 modules peaked at about 100 W.
CIS and CIGS modules are usually produced using co-evaporation or co-deposition. Copper, indium, selenide and (sometimes) gallium are deposited onto the substrate at different temperatures to mix together. Solar Frontier has a 22.9% CIS cell efficiency record, while its full modules average lower and peak at 180 W. MiaSolé’s flexible CIGS thin-film modules average 16.5% efficiency and may peak at 250 W.
Efficiency comparison of the best performing cells and modules. Credit: Fraunhofer ISE
Comparatively, a typical 60-cell c-Si module averages a power output between 250 and 350 W with an efficiency more near 18 or 19%, with high-efficiency brands performing even better. One would need more thin-film modules and more area to produce the same power as a smaller group of c-Si. Crystalline silicon modules are just more consistently dependable for the majority of solar markets, and that’s why they are the dominant panel choice.
Thin-film market plans
No single thin-film brand appears to be making a grab for c-Si’s market share in the United States. First Solar is expanding its CdTe manufacturing but that’s because it has found that utility-scale sweet spot and is dominating globally. Most CIGS and CIS manufacturers market themselves as niche products.
MiaSolé semi-rigid CIGS modules were initially designed for commercial rooftops, but the company has since branched out into emerging markets like transportation and commercial trucks. When it comes to traditional solar applications, MiaSolé’s best play is its light weight.
A MiaSolé flexible CIGS module.
“We’ve been going after niche markets. We’re looking for projects that silicon can’t go on. Anything where there can’t be penetration on rooftops, we’d be a good market,” said Peter Park, product manager with MiaSolé. “We don’t really view that we’re going after the same market as silicon. We’re going after what silicon can’t do.”
CIGS manufacturer Sunflare also works with nontraditional solar markets like transportation, marine and modular/tiny home applications. The company has been working to improve the manufacturing process at its plants in Sweden and China to increase thin-film adoption.
“With our new proprietary CIGS manufacturing process, Sunflare has eliminated the issues of the past. Even though CIGS has been around, Sunflare is at the beginning of this technology life cycle,” said Elizabeth Sanderson, Sunflare chief marketing officer. “We expect there to be significant improvements, just as you’ve seen in the lifecycle of silicon. Over time, we expect increases in performance, especially in areas where CIGS has always had an advantage, such as low light capture and better temperature coefficients.”
Sunflare CIGS cells are placed on a stainless steel substrate that is encapsulated between polymer sheets. Each Sunflare cell is manufactured individually, so the company can produce a range of module sizes, although it does make a traditional size for the commercial roofing market equivalent to a 60-cell c-Si module.
“Sunflare performs best on commercial roofs where weight and multiple penetrations are a major issue,” Sanderson said. “Sunflare is 86% lighter than traditional commercial roofing installations. There is no need for racking or heavy ballast. To reduce shading issues, we’ve integrated bypass diodes at every cell. Therefore, shading doesn’t affect our modules like traditional solar.”
A ground-mount project with Solar Frontier CIS modules.
Thin-film’s better resistance to shading is its strongest case for the residential market. Solar Frontier has found utility-scale success with its CIS thin-film, but it also heavily markets its anti-glare black modules to the residential space, especially in its home country of Japan. But if a homeowner has a roof clear of obtrusions and shade, c-Si will produce more energy with fewer panels.
The economies-of-scale argument will continue to exist for thin-film as companies try to improve output and efficiency. Park said that MiaSolé is pushing its manufacturing capacity (from plants in California and China) to 1 GW, and that will bring costs down and allow the CIGS modules to become more competitive with c-Si. But for now, the company—along with many of its competitors—is aligning itself with “lifestyle” markets.
“Our new motto is ‘mobile energy now,'” Park said. “When you’re anywhere that’s on-the-go, we provide that energy. As things get more innovative, you’re going to see more solar on cars and different devices. Despite the rollercoaster of solar, many companies have gone away but we’re still a key player in the market. We’re not going away. Thin-film has a place in this world.”
The post Thin-film solar: Stuck in second place, even with c-Si tariffs appeared first on Solar Power World.
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myoliver123stuff · 6 years ago
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Thin Film Solar Cells market set to reach US$ 16.3 billion revenues by 2026
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Market Scenario
Global Thin Film Solar Cells Market was valued US$ 16.3 Bn in 2017 and is projected to reach US$ 42.8 Bn by 2026 at a CAGR of 12.8 % during the forecast.
Global thin film solar cells market is segmented by product, by end use, and by region. Based on product, thin-film solar cells market is segmented into cadmium telluride (CdTe), copper indium gallium diselenide (CIGS), and amorphous thin-film silicon. Residential, commercial, and utility are end users of thin film solar cells market. Geographically, thin film solar cells market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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Increase in awareness toward boosting green energy, a rise in energy consumption, rapid installation flexibility, and cost & performance efficiency of thin film solar cell drives global thin film solar cells market. Reducing renewable tariff subjected to increasing competitive demand may positively influence industry growth. Increasing electricity demand mainly from rural area among developing countries coupled with regulatory measures toward energy conservation will accelerate the thin film solar cells market. Reducing renewable tariff subjected to increasing competitive bidding may positively impact market growth. High initial manufacturing cost and technological complexity concerned with the use of thin-film solar cells are predicted to hamper the market growth.
Global Thin Film Solar Cells Market
CIGS technology is gaining more popularity than other thin-film technologies. CIGS cells offer high efficiency and combined advantages of both c-Si, which claim potential advantages on cost, flexibility, weight, and manufacture ability and cheaper manufacturing process. A lot of venture capitalist firms are investing in CIGS technology, CIGS segment is expected to capture the maximum share in the thin film module market.
Commercial thin film solar cells dominated the market in 2017 and in term of a volume is anticipated to witness growth over 15% by 2026. Growing demand for uninterrupted power supply from rural or developing areas will favor the industry growth. There has been increased in production plant manufacturing commercial thin-film solar cells. Worldwide, about 34 companies are actively developing thin-film PV technologies.
In 2017, Europe dominated the thin film solar cell market, in terms of both value and volume. Middle East & Africa is expected to witness the highest growth rate during forecast, owing to the continual occurrence of solar radiation and high use of renewable energy due to the extensive use of hydropower.
Oxford Photovoltaics, Hankey Asia Ltd., Global Solar, Inc., Xunlight Kunshan Co. Ltd., Kaneka Corporation, First Solar, Ascent Solar Technologies Inc., MiaSole Hi-Tech Corp., Trony Solar, and Mitsubishi Electric US, Inc. are major players in thin film solar cell market.
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Scope of the Global Thin Film Solar Cell Market
Global Thin Film Solar Cell Market by Type:
• Cadmium Telluride • Copper Indium Gallium Diselenide • Amorphous Thin-film Silicone Global Thin Film Solar Cell Market by End User:
• Residential • Commercial • Utility
Key Player analysed in Global Thin Film Solar Cell Market:
• Oxford Photovoltaics • Hankey Asia Ltd. • Global Solar, Inc. • Xunlight Kunshan Co. Ltd. • Kaneka Corporation • First Solar • Ascent Solar Technologies Inc. • MiaSole Hi-Tech Corp. • Trony Solar • Mitsubishi Electric US, Inc. • United Solar, Inc. • Solar Frontier K.K. • Solopower Systems • General Electric • Sharp Corporation • XsunX Inc.
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victorparker1-blog · 8 years ago
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Ascent Solar (ASTI) Stock: CIGS Technology Will Make Them A Market Leader
The solar industry is the home to some of today’s most innovative and cutting-edge technology, and as time goes on, newer and more efficient advancements continue to revolutionize the market space. The evolution of the sector makes the solar industry a potentially lucrative field for investors to capitalize upon, and several unique opportunities are waiting to be seized by both investor and company, alike. One of these intriguing investment opportunities points straight to Ascent Solar.
Ascent Solar (ASTI), a business rooted back to 2005, is intent on bringing its breakthrough photovoltaic technology to the solar market spotlight. Notably, and to the testament of ASTI’s focus, industry experts recognize this technology as a potential leading application for the solar industry, placing ASTI in a favorable position to take advantage of their developed technology and become a leader in the evolution within the solar market.
CIGS Technology Is The Difference
Ascent Solar is focused on the development and promotion of their cutting-edge CIGS (Copper, indium, gallium, selenide) photovoltaic technology on flexible, plastic substrate. These panels are designed to convert sunlight into electric power by laying a thin layer of the elements above onto a plastic backing. And, as a leader in the CIGS field, Ascent is the only manufacturer in the world commercially producing CIGS solar on a plastic substrate with monolithic-integration, a key differentiator that sets them ahead of the pack for selected sector use.
Through the utilization of CIGS cells, the solar modules designed by Ascent allow for maximum efficiency and durability while minimizing weight load – a combination that has the potential to revolutionize the ways solar panels can get utilized in everyday applications. Because CIGS has a higher sunlight absorption coefficient than other semiconductor materials, a much thinner layer of film is needed for the panel to function, allowing for the use of a flexible plastic substrate. In effect, this gives the technology the best power-to-weight ratio relative to its competitors, which opens up the possibility of use in situations where weight is a significant constraint. For example, the high-voltage, low current module makes the technology suitable for both space and aerospace travel, and ASTI has focused a particular emphasis toward the drone industry, where ASTI believes a substantial opportunity is in play.
While competitors continue to focus on residential and industrial solar ambitions, ASTI has dedicated their research and development to improve advanced CIGS technology further and capitalize on its potential uses. More specifically, the flexible and modular applications of ASTI’s technology allow for Ascent to target specialty and high-value markets that are unable to make use of traditional solar panel solutions. These advantages create a significant opportunity for ASTI for two reasons. First, the company faces much less competition from standard solar power companies, whose products lack the functionality and durability of the ASTI product.
Second, facing an industry that is more attentive to function over cost, ASTI has been taking steps in recent years to develop both their products and their business model to best meet the needs of emerging industries reliant on innovative solar energy products that must meet selected and product specific requirements.
Niche Focused Toward Drone/UAV, Space, And Military Applications
In the face of a highly saturated solar market, ASTI has placed their focus on innovative and specialized products that can fulfill the more specific needs of niche markets. As the cost and availability of fossil fuels continue to be volatile, industries are being pushed to find a more modern and reliable replacement. The military, government, public sector, and disaster relief markets are all examples of markets that are actively looking for lightweight and dependable solar technology that can withstand rugged environments and rough handling. Currently, these sectors are often forced to use heavy and bulky batteries to fuel essential devices, and ASTI believes their lightweight solar technology is the perfect solution to solve this ongoing issue. For instance, batteries have been shown to be the third heaviest item a soldier must transport, behind the other essentials of water and fuel. Instead of heavy and bulky batteries, ASTI’s solar technology provides a superior option that serves as a portable and rugged solution that allows the military to efficiently power and charge various devices.
The company has also emphasized its focus on the disaster relief market, which is expected to offer significant opportunity for ASTI’s products to impact that market with unique applications.Secondarily, the benefits from the CIGS technology brings the ability to deliver portable, durable and naturally powered energy to consumers and rescue teams, where ASTI can enjoy the benefits of a lesser-saturated market space unreachable by traditional solar. Third, ASTI has placed a high priority on developing solar technology for the aerospace sector, inclusive of drones, aircraft, and even spacecraft. Solar powered solutions have always been of significant interest to the aerospace industry, and with ASTI’s CIGS technology, the company can out-perform and out-class many of their competitors. For example, the thin and flexible nature of CIGS enables the panels to be directly integrated onto the wings of drones, UAVs, and other aircrafts without causing any extraneous weight or bulk. Not only does this allow for cleaner and renewable energy in these aircraft, but it also eliminates the need for bulky and often power restricted batteries to fuel the unit.
Finally, ASTI aims to capitalize on their extensive list of possible applications by catering to more niche and specialized markets, working closely with individual companies to design a product that best suits their unique needs. Clearly, with ASTI’s modern CIGS technology, there exists significant opportunity in providing solutions to companies and industries that were previously unable to make use of solar power in an amenable fashion; ASTI has taken many of the right measures to set themselves up to capitalize on their strategic initiatives.
A Shift in Focus
While it may be true that ASTI’s share price recently hit a historical low, merely looking at the stock valuation isn’t an objective way of valuing the company as a whole. Additionally, there is a reason that ASTI has been able to remain in business since 2005, while many of their competitors have been forced to declare bankruptcy. As a historical side-note, during the late 2000s, the solar industry began to fall victim to certain difficulties that stifled the growth of the market, leading to a cutthroat competitive landscape that only the well-established and forward-thinking companies could survive. The PV module price per watt, for instance, was at nearly $6/watt throughout the 2000s, and by 2015, this figure had dropped to a minuscule $0.50/watt due to efficiency improvements, as well as energy dumping by predominantly Asian countries. As a result of this sharp and unexpected loss of revenue, companies that did not quickly adapt to the evolving market space saw market share and future potential evaporate.
Many of the companies that went bankrupt during this time made the same fatal mistake: while working with second-generation thin-film solar technology, they chose to keep focusing on large-scale utility and rooftop applications, which forced them to compete in the same market as traditional c-SI solar. Of course, it was impossible for second-generation companies to compete with glass-backed solar technology in this sector, as the older technology could accomplish the same results at a significantly lower cost to buyers. ASTI realized this, however, and in 2012 began shifting their business model to differentiate themselves from the oversaturated utility markets and better highlight the advantages their CIGS technology had over first-generation products. The shift in focus allowed ASTI to separate themselves from the competition and is one of the primary reasons why the company has lived through these industry struggles and sits well-positioned for future success.
Rather than attempting to compete with c-SI solar, ASTI decided to focus on their strengths by targeting specialty, high-value PV applications. The shift is significant because not only are these sectors unreachable by traditional c-SI solar panels, but industries such as military and aerospace are known for having a high barrier to entry, a hurdle in which ASTI has already cleared. Where ASTI may prove their leadership capability is in these unique markets, where the functionality and durability often take priority over the cost of the product, and by operating in a more limited market space, ASTI has a much higher chance of recording substantial sales revenue and build partnership opportunities. And, with second-gen products going for $5-$50/watt, the profits are far more fruitful than the $0.50-$2/watt garnered from traditional applications. To reap potential rewards, ASTI has branched off from commodity-based pricing in favor of a value-based pricing model, effectively shifting the sales model from $X per watt to $Y per unit or solution. Not only does this make pricing clearer for consumers, but it also allows ASTI to work with companies on a case-by-case basis and negotiate pricing.
ASTI Is Charged Up
Having survived through the challenges brought on by a crowded industry, ASTI is ready to begin their climb back into the spotlight and show investors why their current valuation deserves a closer look. Due to dropping below the NASDAQ $1 price requirement, many in the institutional and retail investment space overlook the inherent value in ASTI, ignoring the IP portfolio, the sizable assets, and opportunities that the company is engaging.
First and foremost, the company currently owns a manufacturing facility in Thornton, Colorado that has an estimated worth of over $11 million. Second, the company has put over $300 million into research and development since their establishment in 2005, a testament to their meticulous design process and dedication to their craft. Through this development work, ASTI now has over 40 patents (granted, allowed, and filed) under their belt, all of which relate to their globally-recognized technology and manufacturing processes. This type of IP portfolio is made possible through over a decade of dedicated effort from the team at ASTI, and any emerging company with aspirations to enter the same specialized markets as ASTI would likely face rigorous obstacles and lack both the time and money needed to build a product that could compete.
Not to mention, high-value markets such as military and space travel often come with much longer sales cycles when compared to the more generalized markets, meaning that the majority of contracts would be not only lucrative but exclusive to the company that secured them. Recognizing that value proposition, ASTI has placed their business focus into four strategic verticals, which is expected to pay accretive dividends within the next few years.
First, and not neglecting the obvious, the company plans to enter the consumer portable power market to take advantage of the near $7 billion industry. With high-powered smartphones and other devices often requiring portable batteries to remain charged throughout the day, a growing demand has emerged for portable solar to replace these batteries. And, to support and take advantage of this demand, ASTI has recently partnered with PowerKeep to develop a line of solar panels for the upcoming Energizer® PowerKeep solar products.
Simultaneously, ASTI has secured a partnership with Silent Falcon, an unmanned aerial system manufacturer also headquartered in the US. The flexible and monolithically integrated CIGS in production makes for an easy solution that allows for a notably extended flight time. By combining solar into the wings of Silent Falcon’s airship, 30%-50% more flight time can be added to missions with a minimal impact on the craft’s weight and aerodynamics. The partnership has been successful for the two companies, establishing ASTI’s name as a reliable and competent company within the industry and opening doors to future business ventures.
ASTI also has detailed plans to enter the military sector through various applications of its portable solar technology, inclusive of portable chargers for Android Tactical Assault Kits and other military devices, as well as unattended ground sensors that can increase ISR efficiency while substantially reducing the risks taken on by operators. ASTI participated in the US Special Operations Command (SOCOM) invitation-only Technical Experimentation Event held during the summer of 2017, a prestigious event that gave the company’s solar solutions exposure to military officials.
Finally, ASTI has been selected by the Japan Aerospace Exploration Agency (JAXA) for further evaluation of their superlight CIGS solar cells for deep space missions. The selection is the first ever substantive contract awarded for a high-altitude application, and will undoubtedly jumpstart the company’s foray into space applications should the venture prove successful.
ASTI Is Maturing Quickly
ASTI may indeed be trading at a discounted price, but there are many factors specific to ASTI’s niche focus and market opportunity that can quickly contribute to a far higher valuation than what is currently represented. The value, to those who understand valuation metrics, is easy to recognize. The company has been in business for over a decade and has proven its ability to overcome the struggles of the cutthroat solar industry. Not only that, it is deeply seeded in a specialized sector with high barriers to entry. And, although investors should accept that valuations may not skyrocket overnight, they should also be cognizant of the fact that any newly secured partnerships could prove hugely beneficial to the company’s market cap.
Combining the sum of the parts, ASTI already has the research, product portfolio and IP base in hand, and have carefully set themselves up for a fair chance at becoming the breakout company in their targeted initiatives. All things considered, investors that are willing to have some patience in Ascent Solar may end up finding it very much worth their while.
The author has no shares in any stock mentioned herein nor plans to open any positions within the next 72 hours. 
This article was originally featured on CNA Finance.
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