Thin film energy market to reach $3.9 billion by 2013Published on September 5th, 2008 | By: email@example.com
According to a new report from BCC Research the global market for thin film in energy applications is expected to increase from $1.1 billion in 2007 to $1.4 billion in 2008 and $3.9 billion by 2013, for a compound annual growth rate of 23.5 percent. The report divides the market into application segments for photovoltaics, concentrating solar power, geothermal energy, nuclear energy, batteries and fuel cells. Of these, the photovoltaics segment has the largest share of the market, with $916.4 million in revenues in 2007. This is slated to increase to $1.2 billion in 2008 and more than $3.3 billion in 2013, a CAGR of 23.6 percent Thin film for fuel cell applications is the second largest segment, with sales exceeding $82.0 million in 2007. The report says this will increase to $98.7 million in 2008 and $301.0 million in 2013, for a CAGR of 25 percent. Thin film for batteries has the third largest share of the market, worth $36.0 million in 2007 and an estimated $39.2 million in 2008. This segment is predicted to reach over $98.0 million in 2013, for a CAGR of 20.1 percent. Applications in nuclear energy are expected to see the slowest growth of any segment. Revenues in 2007 exceeded $25.0 million and are expected to increase only slightly in 2008. This segment should reach $33.1 million in 2013 for a 5.0 percent CAGR. Concentrating solar power applications are expected to see the most robust growth of any segment. Sales for thin films in this segment generated $14.7 million in 2007 and an estimated $23.4 million in 2008. This segment is projected to reach $93.0 million in 2013 for a CAGR of 31.8 percent. Thin film for geothermal applications had the smallest share of the market in 2007, with value of $2.7 million. This is expected to increase to $3.0 million in 2008 and $5.3 million in 2013, for a CAGR of over 12.0 percent.. Copies of the complete report, “The Global Market for Thin Films in Energy Application,” can be purchased by contacting BCC Research.
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