Glen Allen, VA: NanoMarkets has released a new report on the CIGS photovoltaics market that predicts a market potential for CIGS PV to be worth $2.7 billion (USD) in 2019 up from $1.3 billion this year. The report also predicts that CIGS will grow from a capacity of 1.6 GW this year to 7.1 GW in 2019. The report titled, “CIGS Photovoltaics Markets 2014 and Beyond” will begin shipping to clients the week of May 5th.

Additional details about the report are available on the firm’s website at: http://nanomarkets.net/market_reports/report/cigs-photovoltaics-markets-2014-and-beyond.

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The report follows a recently released NanoMarkets reports on the BIPV glass market (see here http://nanomarkets.net/market_reports/report/bipv-glass-markets-2014-beyond for details) that the firm projected would reach $2.7 billion in revenues by 2019.

About the Report: The industry shakeout in CIGS PV has been brutal. In 2010 there were more than 25 companies with plans for over 1 GW of capacity, but to date only Solar Frontier has achieved the goal. As the shakeout continued, there were even questions whether any new capacity would be added beyond the approximately 3 GW that was in place as the CIGS sector faced extreme price pressure from falling silicon based PV. Nonetheless, NanoMarkets believes that while multiple start-ups have either been liquidated or acquired, the remaining few large CIGS players are poised to add significant capacity. This report analyzes the opportunities that are emerging for CIGS in this very new phase of the solar industry.

The report takes a detailed look into the technical evolution of CIGs fabrication and encapsulation and show how this will impact CIGS market expansion and cost reduction. Much of the report is devoted to the opportunities for CIGS in building-integrated PV (BIPV market) and how CIGS flexible modules and price parity with silicon solar panels could considerably improve the revenues generated by CIGS technology in the near future. This report also includes NanoMarkets’ eight-year forecasts of the market for CIGS PV. These forecasts are broken down by type of application—BIPV, flexible devices, etc.—and by the manufacturing technology used, including deposition technology and flexible vs. rigid manufacturing. This report is essential reading for firms that manufacture or develop CIGS PV and for everyone interested in future of the PV industry. NanoMarkets has been following the CIGS space since its earliest days and this report provides the latest and most up to date information on the current state of the CIGS and guidance with regard to its future development and growth.

About NanoMarkets: NanoMarkets tracks and analyzes emerging markets in energy, electronics and other area created by developments in advanced materials. The firm is a recognized leader in industry analysis and forecasts of the BIPV sector and the PV sector more generally. Visit http://www.nanomarkets.net for a full listing of NanoMarkets’ reports and other services. – See more at: http://nanomarkets.net/news/article/latest-nanomarkets-report-on-cigs-photovoltaics-predicts-2.7-billion-usd-ma#sthash.19dm0R32.dpuf