Often touted as the next thin-film technology to take on cadmium telluride thin-film leader First Solar, copper-indium-gallium-selenide (CIGS) technology is set to grow and the use of indium, a key absorber material, will grow even faster. In a new report from NanoMarkets entitled ‘Indium Markets for Photovoltaics’, indium consumption is expected to see a rise of 80% by 2016, equating to 228 metric tons (MT) in 2016, up from the 20MT consumed today. However, the market research firm is forecasting that CIGS PV cells would represent only 8% of PV megawatts in that time.