$27.2 billion to invest in PV market in five years
The global PV materials market will double until 2018. Lux research says the main reason is the improvements of the supply demand balance. The global demand will be represented by materials differentiation and innovations.
Taking into account last year’s investments, the PV material market will grow from $17.8 billion to $27.2 billion by 2018. Part of that sum, $12.8 billion to be precise, is formed of witih metals, including polysilicon and metallic absorber materials. A $6 billion raise is due to the global demand of silicon modules.
Lux Research analyst, Fatima Toor announces that “differentiated materials that enable high cell or module efficiencies or longer lifetime will be able to earn a premium and cash in on the growing demand.”
Toor also said that the need of improved quality may lead to materials innovations that could lower the price per watt as well as the price per kilowatt hour.
Materials such as backsheets, non-EVA encapsulants, metallization pastes and antireflection coatings can also lead to material innovations.
Moreover, effective planning and implementation of the module quality can be the source of opportunities for materials developers.
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