SAN JOSE, Calif. The total market for commercial solar cell production equipment will grow from revenues of $1.2 billion in 2006 to $4.5 billion in 2010, according to The Information Network, a New Tripoli, Penn.-based market research company.
''Unfortunately, the market for these types of equipment is for the sectors of the industry that are projected to grow the slowest, namely c-Si (crystalline silicon) and amorphous silicon (a-Si),'' noted Robert Castellano, president of The Information Network, in a statement.
''The real growth in the solar cell market will be in equipment for newer thin film technologies, such as cadmium telluride (CdTe) and Copper Indium (Gallium) Diselenide (CIGS). Key innovations are roll-to-roll equipment and printable CIGS inks instead of sputtering and CVD,'' he said.
The report projects that the compound annual growth rates (CAGR) of c-Si and a-SI will be around 40% between 2006 and 2010. CdTe is projected to exhibit a CAGR of nearly 75 percent, while CIGS will exhibit an astounding 200 percent. Other technologies, such as GaAs films will also grow at triple the rate of silicon-based cells.