Material for Next Generation Photovoltaics Market

Material for Next Generation Photovoltaics Market

  • Submitted By: hawer
  • Date Submitted: 09/01/2015 6:24 AM
  • Category: Technology
  • Words: 1060
  • Page: 5

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With increasing energy demands of growing population and decreasing fossil fuel reserves scientists are
investigating in developing commercial forms of renewable energy. Several countries have now begun to invest in
extensive research and development programmes to utilize solar energy in a commercial manner. Currently, solar
energy cannot be practically considered as a large scale energy source. Renewable energy cannot compete with
conventional sources due to low energy conversion rates in comparison with conventional fuels. The development of
new materials may remedy this drawback and solar technology can effectively be used at par with other
conventional sources of energy. Research agencies and major market players are in the process of developing
material platforms that improve the conversion efficiency of solar panels in a cost effective manner. Though the
market is still in the nascent stages of development, the next generation photovoltaic market is expected to increase
at a rapid rate in future years owing to increasing requirement for large-scale solar technologies.
Browse the full Material for Next Generation Photovoltaics Market report at
The growing demand of commercial renewable energy techniques and increasing fossil fuel prices...

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