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In the laboratory, copper indium gallium (di)selenide (CIGS) has achieved the highest champion cell efficiencies (over 20%) of all thin-film photovoltaic (TFPV) technologies. CIGS has not, however, lived up to predictions about is ability to compete with crystalline silicon (c-Si). A combination of manufacturing issues and the global economic downturn significantly impacted the sector. Recent capacity expansions, a dramatic increase in the number of market players and growing investment activity are signaling renewed interest, though. NanoMarkets, a leading provider of market research and analysis of the opportunities in advanced materials and emerging energy and electronics markets, expects revenues from CIGS consumed in PV applications to grow from $613.4 million in 2011 to $5.41 billion in 2018.
The material for this paper was drawn from the NanoMarkets report, CIGS Photovoltaics Market Opportunities 2011