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According to SRI Consulting's latest report, the global solar market will double in 2013 and reach $70 billion. Due to the fluctuation of oil prices and the impact of global warming in recent years, the development of renewable energy has been more and more widely supported, the company explained. First and second generation photovoltaic cells require different forms of silicon, few transition metal elements and non-metallic elements. Therefore, the price of silicon material is increased. The third and fourth generation technologies focus on organic polymers and nanomaterials, thereby reducing production costs.
Research on organic photovoltaic cells has made tremendous progress in recent years. Its conversion efficiency has exceeded 5%. Of course, commercial silicon-based batteries are still the mainstay of the market because their conversion efficiency has exceeded 25%.
The SRIC report examines new equipment in the photovoltaic industry. From raw materials to final production, there are enormous opportunities in the solar field and it is growing at an alarming rate. Organic battery manufacturers are actively seeking cooperation with electronics manufacturers.
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