International. A study by industry analyst firm NanoMarkets says smart coatings offer solar panel manufacturers ways to increase efficiency, reduce costs and create high value-added products.
Given that these are the three main factors that determine success in the photovoltaic (PV) industry, NanoMarkets estimates that sales of smart coatings to the PV sector will exceed US$504 million in 2016 and grow to US$847 million in 2018.
Self-cleaning coatings in the PV sector will generate profits of more than US$150 million in 2016, electrochromic coatings will report about US$222 million.
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