Indium currently plays two important roles in the photovoltaic industry. First, it is used in the form of indium tin oxide (ITO)--the transparent conductor in PV devices. This is the largest role for indium in the PV industry; however, the future of ITO is in question as better performing transparent conductors emerge. Indium's second role in the PV industry is as one of the active materials in the thin-film PV technology copper indium/gallium diselenide (CIGS) cells. While CIGS holds only a small percentage of the PV market today, it is considered the wave of the future for thin-film PV, and thus represents a growing market for indium.
The continuing hyper-growth in the PV industry combined with the expectation that CIGS PV will take a more prominent position within this industry will create a new demand pool for indium. This report will provide more on how this growth will occur and what this will mean for indium producers. The report will focus on traditional indium, but will also discuss the use of newer materials such as indium-containing composites. The report begins with a review of the state of the PV industry and then goes into indium's current and potential roles in each of the PV segments. Finally, the report quantifies the opportunities for indium in the PV space through an eight-year forecast.
E.1 Overview of Indium Use in PV Manufacturing
E.2 Key Developments and Trends in the Use of Indium in PV Manufacturing
E.3 Opportunities for Mining, Refining, and Distribution Firms
E.4 Opportunities for Indium-Based Materials Firms
E.5 Opportunities for Solar Panel Firms
E.6 Summary of Eight-Year Forecasts
1.1 Background to this Report
1.1.1 ITO in PV: Market Evolution
1.1.2 CIGS PV Overview
1.2 Objectives and Scope of this Report
1.3 Methodology of this Report
1.4 Plan of this Report
2.1 Introduction: PV Markets Overview
2.2 Photovoltaic Markets and Technologies
2.2.1 Crystalline Silicon PV
2.2.2 Thin-Film Silicon PV
2.2.3 CdTe PV
2.2.4 CIGS PV
2.2.5 Organic and DSC PV
2.2.6 Other PV
2.3 Specialty Metal Usage by PV Technology
2.4 Key Points Made in this Chapter
3.1 Introduction: Overview of Indium's Role in Photovoltaic Technology and Markets
3.2 ITO's Place Among Transparent Electrode Materials for PV
3.2.1 ITO in Thin-Film Silicon PV
3.2.2 ITO in CdTe PV
3.2.3 ITO in CIGS PV
3.2.4 ITO in OPV/DSC
3.2.5 Alternative Transparent Conductors
3.3 ITO Materials and Processes
3.3.1 Sputtering and Other Vacuum Deposition Materials and Methods for ITO
3.3.2 Printing of ITO
3.3.3 Other Deposition Materials and Methods for ITO
3.4 CIGS Materials and Processes
3.4.1 Sputtering and Other Vacuum Deposition Materials and Methods for CIGS
3.4.2 Electrodeposition of CIGS
3.4.3 Printing of CIGS
3.5 Other Uses for Indium in Photovoltaics
3.6 Impact of Broader Indium Markets on Indium for Photovoltaics
3.6.1 Indium Commodities Pricing
3.6.2 Indium Production and Recycling
3.7 Safety, Health, and Environmental Concerns with Indium Production and Use
3.8 Key Points Made in this Chapter
4.1 Forecasting Methodology
4.1.1 Data Sources
4.1.2 Some Notes about the Downturn
4.1.3 Scope of Forecast
4.1.4 Alternative Scenarios and Other Factors Taken into Consideration
4.1.5 Some Notes on Pricing
4.2 Forecasts of Indium Consumption in PV by PV Technology
4.2.1 Indium Consumption by Crystalline Silicon PV
4.2.2 Indium Consumption by Thin-Film Silicon PV
4.2.3 Indium Consumption by Cadmium Telluride PV
4.2.4 Indium Consumption by CIGS PV
4.2.5 Indium Consumption by OPV/DSC
4.2.6 Indium Consumption by Other PV
4.3 Forecasts of Indium Consumption in PV by Indium Material Type
Acronyms and Abbreviations Used In this Report
About the Author
Exhibit E-1: Value of Indium Consumed for the PV Industry by PV Technology ($ Millions)
Exhibit E-2: Value of Indium Consumed for the PV Industry by PV Technology ($ Millions)
Exhibit 2-1: Eight-Year Forecasts of PV Production
Exhibit 2-2: Eight-Year Forecasts of c-Si PV Production
Exhibit 2-3: Eight-Year Forecasts of Thin-Film Silicon PV Production
Exhibit 2-4: Eight-Year Forecasts of CdTe PV Production
Exhibit 2-5: Eight-Year Forecasts of CIGS PV Production
Exhibit 2-6: Eight-Year Forecasts of Organic and DSC PV Production
Exhibit 2-7: Eight-Year Forecasts of Other PV Production
Exhibit 2-8: Major Specialty Metals Use in PV Technologies
Exhibit 3-1: Indium Price and Production Trends (Values in Metric Tons Unless Noted)
Exhibit 4-1: Alternative Scenarios for the Evolution of Thin-Film Photovoltaics
Exhibit 4-2: Alternative Scenarios for the Growth of CIGS vs. Other TFPV
Exhibit 4-3: Prices of Selected Basic Indium Products
Exhibit 4-4: Indium Consumption by PV Technology
Exhibit 4-5: Indium Use in c-Si PV Cells
Exhibit 4-6: Indium Use in TF Si PV Cells
Exhibit 4-7: Indium Use in CdTe PV Cells
Exhibit 4-8: Indium Use in CIGS PV Cells
Exhibit 4-9: Indium Use in OPV/DSC Cells
Exhibit 4-10: Indium Use in Other PV Cells
Exhibit 4-11: Indium Consumption in PV by Indium Material Type (Metric Tons Indium)
Exhibit 4-12: Value of Indium Consumed by PV by Indium Material Type ($ Millions)