What is the future of the PV industry?

However, they follow the same general trend: The future for the PV industry is bright, and by extrapolation, the demand for raw materials required to manufacture PV cells and solar panels (i.e., PV materials) will increase. Figure 1. Global energy use by source.

Why are PV solar cells in high demand?

Photovoltaic (PV) solar cells are in high demand as they are environmental friendly, sustainable, and renewable sources of energy. The PV solar cells have great potential to dominate the energy sector. Therefore, a continuous development is required to improve their efficiency.

What are the challenges and opportunities associated with solar photovoltaic devices?

The challenges and opportunities associated with these materials are also explored, including scalability, stability, and economic feasibility. The development of novel materials for solar photovoltaic devices holds great potential to revolutionize the field of renewable energy.

How has the growth in PV markets impacted the power industry?

The exponential growth seen in PV markets has led to the development of large-scale power plants, which has increased demands for better tools for inspection and monitoring.

What percentage of the solar PV market is based on thin-film technology?

Currently, thin-film technology accounts for only 5% of the global solar PV market, while silicon-based solar modules still hold approximately 95% of the global PV module market (GlobalData, 2018).

How a photovoltaic solar cell can be fabricated?

Schematic diagram of a photovoltaic (PV) solar cell and the futuristic next-generation model PV solar cells can be fabricated by using various semiconducting materials, in which cell parameters play a crucial role in the photovoltaic solar cell’s performance.