Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The demand for sustainable and cost-effective energy sources is likely to boost the global market for cadmium telluride photovoltaics (CdTe PVs). The primary markets are projected to be North America and Asia. During the period 2010-2018, over 33% of all manufactured PV modules in the U.S.A. were thin film CdTe PV modules. It is expected that with the growth of the cadmium telluride photovoltaic (CdTe PV) industry, solar energy will continue to positively impact the U.S. economy and society, and significantly contribute to the U.S. energy transition.
Cadmium telluride photovoltaic (CdTe PV) is an established PV technology. Over the last 2 decades, more than 25 GW of solar modules have been deployed across the globe. These include over 200 million PV modules in over 18,000 projects in the Americas, Europe, Middle East, Africa, Asia, and Australia. In the midst of strong competition among global PV manufacturers, U.S. PV production has remained relatively moderate. Historically, Chinese producers have been able to achieve cost advantages driven by scale and supply chain development.
Photovoltaic (PV) technologies harnessing solar energy are transforming global energy systems at a rapid pace. Solar energy is nearly carbon-free, making it an ideal approach to fight climate change. It is expected that production of new solar panels would become a carbon-neutral process in years to come with overall carbon intensity of the electricity grid getting lower. Further, solar energy has become very inexpensive due to advancements in technology and manufacturing. It is projected that in future, solar energy could account for nearly 50%, or even more, of the world’s energy demand because of cost-effectiveness and low carbon footprint. This growth may, in part, occur due to synergies between electric utilities and high rates of penetration of solar PV on the grid.
The need for low-carbon transportation alternatives is pushing innovation in battery-electric vehicles, hydrogen fuel cell cars, and other technologies, all of which have the ability to absorb and store significant amounts of abundant, low-cost solar electrons created under the shining sun. Over the next several decades, the power and transportation industries may jointly account for several terawatts of solar panel manufacturing capacity and deployment.
Market Analysis by Type, Application, and Region:
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.