Report on Global Thin Film Market

Online research website, Research and Markets has released a report titled, “Global Thin Film Market 2010-2014. The report has been prepared on the basis of contributions from the experts in the industry. One of the major reasons for the growth of the global thin film market is the cost-effectiveness of thin films.

The product has gained particular popularity among vendors of solar modules as it involves low costs of manufacturing. Many venture capital firms and governments are also expressing interest in the industry as it offers a lot of potential. The industry is also going through many innovations and advancements in technology.

However, the report also talks about the challenges faced by the industry. The market of thin films does not have a proper solution energy conversion of thin films. The ability of thin films to convert solar energy into electricity is also at a much slower rate than crystalline silicon solar cells. On the other hand, the prices of crystalline silicon are also decreasing at a steady rate. The availability of tellurium and indium is very low and the subsidies given on solar energy is also dwindling. All these factors could pose great challenges to the market. The report has also established that the number of mergers and acquisitions in the industry has also increased.