Thin Film Solar Cells Market – Global Industry Analysis and Forecast (2024-2030)


Global Thin Film Solar Cells Market size is expected to reach 136.65 US$ Bn in year 2030, at a CAGR of 19.40 % during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.Thin Film Solar Cells MarketTo know about the Research Methodology:-Request Free Sample Report

Increase in awareness toward green energy, a rise in energy consumption, rapid installation flexibility, and cost & performance efficiency of thin film solar cell drives global thin film solar cells market. Reducing renewable tariff subjected to increasing competitive demand may positively influence industry growth.

Increasing electricity demand mainly from rural area among developing countries coupled with regulatory measures toward energy conservation will accelerate the thin film solar cells market. Reducing renewable tariff subjected to increasing competitive bidding may positively impact market growth. High initial manufacturing cost and technological complexity concerned with the use of thin-film solar cells are predicted to hamper the market growth.

Global thin film solar cells market is segmented by product, by end use, and by region. Based on product, thin-film solar cells market is segmented into cadmium telluride (CdTe), copper indium gallium diselenide (CIGS), and amorphous thin-film silicon. Residential, commercial, and utility are end users of thin film solar cells market. Geographically, thin film solar cells market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

CIGS technology is gaining more popularity than other thin-film technologies. CIGS cells offer high efficiency and combined advantages of both c-Si, which claim potential advantages on cost, flexibility, weight, and manufacture ability and cheaper manufacturing process. A lot of venture capitalist firms are investing in CIGS technology, CIGS segment is expected to capture the maximum share in the thin film module market.

Commercial thin film solar cells dominated the market in 2018 and in term of a volume is anticipated to witness growth over xx % by 2030. Growing demand for uninterrupted power supply from rural or developing areas will favor the industry growth. There has been increased in production plant manufacturing commercial thin-film solar cells. Worldwide, about 34 companies are actively developing thin-film PV technologies.

In 2018, Europe dominated the thin film solar cell market, in terms of both value and volume. Middle East & Africa is expected to witness the xx % of growth rate during forecast, owing to the continual occurrence of solar radiation and high use of renewable energy, due to the extensive use of hydropower.

Oxford Photovoltaics, Hankey Asia Ltd., Global Solar, Inc., Xunlight Kunshan Co. Ltd., Kaneka Corporation, First Solar, Ascent Solar Technologies Inc., MiaSole Hi-Tech Corp., Trony Solar, and Mitsubishi Electric US, Inc. are major players in thin film solar cell market.

The objective of the report is to present comprehensive analysis of Global Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Global Market dynamics, structure by analyzing the market segments, and project the Global Market size. Clear representation of competitive analysis of key players by Global Market Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Market make the report investor’s guide.

Scope of the Global Thin Film Solar Cell Market :Inquire before buying






Global Thin Film Solar Cell Market




Report Coverage
Details




Base Year:
2023
Forecast Period:
2024-2030




Historical Data:
2018 to 2023
Market Size in 2023:
US $ 39.49 Bn.




Forecast Period 2024 to 2030 CAGR:
19.40%
Market Size in 2030:
US $ 136.65 Bn.




 Segments Covered:
by Type
Cadmium Telluride
Copper Indium Gallium Diselenide
Amorphous Thin-film Silicone




by End User
Residential
Commercial
Utility






Global Thin Film Solar Cell Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)

Global Thin Film Solar Cell Market, Key Players are

1. Oxford Photovoltaics
2. Hankey Asia Ltd.
3. Global Solar, Inc.
4. Xunlight Kunshan Co. Ltd.
5. Kaneka Corporation
6. First Solar
7. Ascent Solar Technologies Inc.
8. MiaSole Hi-Tech Corp.
9. Trony Solar
10. Mitsubishi Electric US, Inc.
11. United Solar, Inc.
12. Solar Frontier K.K.
13. Solopower Systems
14. General Electric
15. Sharp Corporation
16. XsunX Inc.
17. NexPower
18. Calyxo
19. Bangkok Solar
20. Wurth Solar
21. ENN Energy Holdings

Frequently Asked Questions:

1. Which region has the largest share in Global Market?
Ans: Asia Pacific region held the highest share in 2023.

2. What is the growth rate of Global Market?
Ans: The Global Market is growing at a CAGR of 19.40% during forecasting period 2023-2030

3. What is scope of the Global Market report?
Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Market?
Ans: The important key players in the Global Market are –   Oxford Photovoltaics, Hankey Asia Ltd., Global Solar, Inc., Xunlight Kunshan Co. Ltd., Kaneka Corporation, First Solar, Ascent Solar Technologies Inc., MiaSole Hi-Tech Corp., Trony Solar, Mitsubishi Electric US, Inc., United Solar, Inc., Solar Frontier K.K., Solopower Systems, General Electric, Sharp Corporation, XsunX Inc., NexPower, Calyxo, Bangkok Solar, Wurth Solar, ENN Energy Holdings.

5. What is the study period of this Market?
Ans: The Global  Market is studied from 2023 to 2030 





Global Thin Film Solar Cells Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology

3. Executive Summary
3.1. Global Thin Film Solar Cell Market Size, By Market Value (US$ Bn) and Market, By Region

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.3. Drivers and Restraints Snapshot Analysis
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.3.4. Porter’s Analysis
4.3.5. Value Chain Analysis
4.3.6. SWOT Analysis
4.3.7. Key Trend in Global Thin Film Solar Cells Market

5. Global Thin Film Solar Cell Market Analysis and Forecast
5.1. Global Thin Film Solar Cell Market Analysis and Forecast
5.2. Global Thin Film Solar Cell Market Size & Y-o-Y Growth Analysis
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Middle East & Africa
5.2.5. Latin America

6. Global Thin Film Solar Cell Market Analysis and Forecast, By Product Type
6.1. Introduction and Definition
6.2. Key Findings
6.3. Global Thin Film Solar Cell Market Value Share Analysis, By Product Type
6.4. Global Thin Film Solar Cell Market Size (US$ Bn) Forecast, By Product Type
6.5. Global Thin Film Solar Cell Market Analysis, By Product Type
6.6. Global Thin Film Solar Cell Market Attractiveness Analysis, By Product Type

7. Global Thin Film Solar Cell Market Analysis and Forecast, By End Use Type
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Thin Film Solar Cell Market Value Share Analysis, By End Use Type
7.4. Global Thin Film Solar Cell Market Size (US$ Bn) Forecast, By End Use Type
7.5. Global Thin Film Solar Cell Market Analysis, By End Use Type
7.6. Global Thin Film Solar Cell Market Attractiveness Analysis, By End Use Type

8. Global Thin Film Solar Cell Market Analysis, By Region
8.1. Key Findings
8.2. Global Thin Film Solar Cell Market Value Share Analysis, By Region
8.3. Global Thin Film Solar Cell Market Size (US$ Bn) Forecast, By Region
8.4. Global Thin Film Solar Cell Market Analysis, By Region
8.5. Global Thin Film Solar Cell Market Attractiveness Analysis, By Region

9. North America Thin Film Solar Cell Market Analysis
9.1. North America Thin Film Solar Cell Market Overview
9.2. North America Thin Film Solar Cell Market Value Share Analysis, By Product Type
9.3. North America Thin Film Solar Cell Market Forecast, By Product Type
9.3.1. Cadmium Telluride
9.3.2. Copper Indium Gallium Diselenide
9.3.3. Amorphous Thin-film Silicone
9.4. North America Thin Film Solar Cell Market Value Share Analysis, By End Use Type
9.5. North America Thin Film Solar Cell Market Forecast, By End Use Type
9.5.1. Residential
9.5.2. Commercial
9.5.3. Utility-Scale
9.6. North America Thin Film Solar Cell Market Value Share Analysis, By Country
9.7. North America Thin Film Solar Cell Market Forecast, By Country
9.7.1. U.S.
9.7.2. Canada.
9.8. U.S. Thin Film Solar Cell Market Forecast, By Product Type
9.8.1. Cadmium Telluride
9.8.2. Copper Indium Gallium Diselenide
9.8.3. Amorphous Thin-film Silicone
9.9. U.S. Thin Film Solar Cell Market Forecast, By End Use Type
9.9.1. Residential
9.9.2. Commercial
9.9.3. Utility-Scale
9.10. Canada Thin Film Solar Cell Market Forecast, By Product Type
9.10.1. Cadmium Telluride
9.10.2. Copper Indium Gallium Diselenide
9.10.3. Amorphous Thin-film Silicone
9.11. Canada Thin Film Solar Cell Market Forecast, By End Use Type
9.11.1. Residential
9.11.2. Commercial
9.11.3. Utility-Scale
9.12. North America Thin Film Solar Cell Market Attractiveness Analysis
9.12.1. By Product Type
9.12.2. By End Use Type
9.13. PEST Analysis

10. Europe Thin Film Solar Cell Market Analysis
10.1. Key Findings
10.2. Europe Thin Film Solar Cell Market Overview By Product Type
10.3. Europe Thin Film Solar Cell Market Value Share Analysis, By Product Type
10.4. Europe Thin Film Solar Cell Market Forecast, By Product Type
10.4.1. Cadmium Telluride
10.4.2. Copper Indium Gallium Diselenide
10.4.3. Amorphous Thin-film Silicone
10.5. Europe Thin Film Solar Cell Market Value Share Analysis, By End Use Type
10.6. Europe Thin Film Solar Cell Market Forecast, By End Use Type
10.6.1. Residential
10.6.2. Commercial
10.6.3. Utility-Scale
10.7. Europe Thin Film Solar Cell Market Forecast, By Country
10.7.1. Germany
10.7.2. U.K.
10.7.3. France
10.7.4. Italy
10.7.5. Spain
10.7.6. Rest of Europe
10.8. Europe Thin Film Solar Cell Market Analysis, By Country/ Sub-region
10.9. Germany Thin Film Solar Cell Market Forecast, By Product Type
10.9.1. Cadmium Telluride
10.9.2. Copper Indium Gallium Diselenide
10.9.3. Amorphous Thin-film Silicon
10.10. Germany Thin Film Solar Cell Market Forecast, By End Use Type
10.10.1. Residential
10.10.2. Commercial
10.10.3. Utility-Scale
10.11. U.K. Thin Film Solar Cell Market Forecast, By Product Type
10.11.1. Cadmium Telluride
10.11.2. Copper Indium Gallium Diselenide
10.11.3. Amorphous Thin-film Silicone
10.12. U.K. Thin Film Solar Cell Market Forecast, By End Use Type
10.12.1. Residential
10.12.2. Commercial
10.12.3. Utility-Scale
10.13. France Thin Film Solar Cell Market Forecast, By Product Type
10.13.1. Cadmium Telluride
10.13.2. Copper Indium Gallium Diselenide
10.13.3. Amorphous Thin-film Silicone
10.14. France Thin Film Solar Cell Market Forecast, By End Use Type
10.14.1. Residential
10.14.2. Commercial
10.14.3. Utility-Scale
10.15. Italy Thin Film Solar Cell Market Forecast, By Product Type
10.15.1. Cadmium Telluride
10.15.2. Copper Indium Gallium Diselenide
10.15.3. Amorphous Thin-film Silicone
10.16. Italy Thin Film Solar Cell Market Forecast, By End Use Type
10.16.1. Residential
10.16.2. Commercial
10.16.3. Utility-Scale
10.17. Spain Thin Film Solar Cell Market Forecast, By Product Type
10.17.1. Cadmium Telluride
10.17.2. Copper Indium Gallium Diselenide
10.17.3. Amorphous Thin-film Silicone
10.18. Spain Thin Film Solar Cell Market Forecast, By End Use Type
10.18.1. Residential
10.18.2. Commercial
10.18.3. Utility-Scale
10.19. Rest of Europe Thin Film Solar Cell Market Forecast, By Product Type
10.19.1. Cadmium Telluride
10.19.2. Copper Indium Gallium Diselenide
10.19.3. Amorphous Thin-film Silicone
10.20. Rest of Europe Thin Film Solar Cell Market Forecast, By End Use
10.20.1. Residential
10.20.2. Commercial
10.20.3. Utility-Scale
10.21. Europe Thin Film Solar Cell Market Attractiveness Analysis
10.21.1. By Product Type
10.21.2. By End Use Type
10.22. PEST Analysis

11. Asia Pacific Thin Film Solar Cell Market Analysis
11.1. Key Findings
11.2. Asia Pacific Thin Film Solar Cell Market Overview
11.3. Asia Pacific Thin Film Solar Cell Market Value Share Analysis, By Product Type
11.4. Asia Pacific Thin Film Solar Cell Market Forecast, By Product Type
11.4.1. Cadmium Telluride
11.4.2. Copper Indium Gallium Diselenide
11.4.3. Amorphous Thin-film Silicone
11.5. Asia Pacific Thin Film Solar Cell Market Value Share Analysis, By End Use Type
11.6. Asia Pacific Thin Film Solar Cell Market Forecast, By End Use Type
11.6.1. Residential
11.6.2. Commercial
11.6.3. Utility-Scale
11.7. Asia Pacific Thin Film Solar Cell Market Value Share Analysis, By Country
11.8. Asia Pacific Thin Film Solar Cell Market Forecast, By Country
11.8.1. China.
11.8.2. India.
11.8.3. Japan.
11.8.4. ASEAN.
11.8.5. Rest of Asia Pacific.
11.9. Asia Pacific Thin Film Solar Cell Market Analysis, By Country/ Sub-region
11.10. China Thin Film Solar Cell Market Forecast, By Product Type
11.10.1. Cadmium Telluride
11.10.2. Copper Indium Gallium Diselenide
11.10.3. Amorphous Thin-film Silicone
11.11. China Thin Film Solar Cell Market Forecast, By End Use Type
11.11.1. Residential
11.11.2. Commercial
11.11.3. Utility-Scale
11.12. India Thin Film Solar Cell Market Forecast, By End Use Type
11.12.1. Residential
11.12.2. Commercial
11.12.3. Utility-Scale
11.13. India Thin Film Solar Cell Market Forecast, By Product Type
11.13.1. Cadmium Telluride
11.13.2. Copper Indium Gallium Diselenide
11.13.3. Amorphous Thin-film Silicone
11.14. Japan Thin Film Solar Cell Market Forecast, By End Use Type
11.14.1. Residential
11.14.2. Commercial
11.14.3. Utility-Scale
11.15. Japan Thin Film Solar Cell Market Forecast, By Product Type
11.15.1. Cadmium Telluride
11.15.2. Copper Indium Gallium Diselenide
11.15.3. Amorphous Thin-film Silicone
11.16. ASEAN Thin Film Solar Cell Market Forecast, By Product Type
11.16.1. Cadmium Telluride
11.16.2. Copper Indium Gallium Diselenide
11.16.3. Amorphous Thin-film Silicone
11.17. ASEAN Thin Film Solar Cell Market Forecast, By End Use Type
11.17.1. Residential
11.17.2. Commercial
11.17.3. Utility-Scale
11.18. Rest of Asia Pacific Thin Film Solar Cell Market Forecast, By Product Type
11.18.1. Cadmium Telluride
11.18.2. Copper Indium Gallium Diselenide
11.18.3. Amorphous Thin-film Silicone
11.19. Rest of Asia Pacific Thin Film Solar Cell Market Forecast, By End Use Type
11.19.1. Residential
11.19.2. Commercial
11.19.3. Utility-Scale
11.20. Asia Pacific Thin Film Solar Cell Market Attractiveness Analysis
11.20.1. By Product Type
11.20.2. By End Use Type
11.21. PEST Analysis

12. Middle East & Africa Thin Film Solar Cell Market Analysis
12.1. Key Findings
12.2. Middle East & Africa Thin Film Solar Cell Market Overview
12.3. Middle East & Africa Thin Film Solar Cell Market Value Share Analysis, By Product Type
12.4. Middle East & Africa Thin Film Solar Cell Market Forecast, By Product Type
12.4.1. Cadmium Telluride
12.4.2. Copper Indium Gallium Diselenide
12.4.3. Amorphous Thin-film Silicone
12.5. Middle East & Africa Thin Film Solar Cell Market Value Share Analysis, By End Use Type
12.6. Middle East & Africa Thin Film Solar Cell Market Forecast, By End Use Type
12.6.1. Residential
12.6.2. Commercial
12.6.3. Utility-Scale
12.7. Middle East & Africa Thin Film Solar Cell Market Value Share Analysis, By Country
12.8. Middle East & Africa Thin Film Solar Cell Market Forecast, By Country
12.8.1. GCC.
12.8.2. South Africa.
12.8.3. Rest of Middle East & Africa.
12.9. Middle East & Africa Thin Film Solar Cell Market Analysis, By Country/ Sub-region
12.10. GCC Thin Film Solar Cell Market Forecast, By Product Type
12.10.1. Cadmium Telluride
12.10.2. Copper Indium Gallium Diselenide
12.10.3. Amorphous Thin-film Silicone
12.11. GCC Thin Film Solar Cell Market Forecast, By End Use Type
12.11.1. Residential
12.11.2. Commercial
12.11.3. Utility-Scale
12.12. South Africa Thin Film Solar Cell Market Forecast, By Product Type
12.12.1. Cadmium Telluride
12.12.2. Copper Indium Gallium Diselenide
12.12.3. Amorphous Thin-film Silicone
12.13. South Africa Thin Film Solar Cell Market Forecast, By End Use Type
12.13.1. Residential
12.13.2. Commercial
12.13.3. Utility-Scale
12.14. Rest of Middle East & Africa Thin Film Solar Cell Market Forecast, By Product Type
12.14.1. Cadmium Telluride
12.14.2. Copper Indium Gallium Diselenide
12.14.3. Amorphous Thin-film Silicone
12.15. Rest of Middle East & Africa Thin Film Solar Cell Market Forecast, By End Use Type
12.15.1. Residential
12.15.2. Commercial
12.15.3. Utility-Scale
12.16. Middle East & Africa Thin Film Solar Cell Market Attractiveness Analysis
12.16.1. By Product Type
12.16.2. By End Use Type
12.17. PEST Analysis

13. Latin America Thin Film Solar Cell Market Analysis
13.1. Key Findings
13.2. Latin America Thin Film Solar Cell Market Overview
13.3. Latin America Thin Film Solar Cell Market Value Share Analysis, By Product Type
13.4. Latin America Thin Film Solar Cell Market Forecast, By Product Type
13.4.1. Cadmium Telluride
13.4.2. Copper Indium Gallium Diselenide
13.4.3. Amorphous Thin-film Silicone
13.5. Latin America Thin Film Solar Cell Market Value Share Analysis, By Product Type
13.6. Latin America Thin Film Solar Cell Market Forecast, By Product Type
13.6.1. Residential
13.6.2. Commercial
13.6.3. Utility-Scale
13.7. Latin America Thin Film Solar Cell Market Value Share Analysis, By Country
13.8. Latin America Thin Film Solar Cell Market Forecast, By Country
13.8.1. Brazil.
13.8.2. Mexico.
13.8.3. Rest of Latin America.
13.9. Latin America Thin Film Solar Cell Market Analysis, By Country/ Sub-region
13.10. Brazil Thin Film Solar Cell Market Forecast, By Product Type
13.10.1. Cadmium Telluride
13.10.2. Copper Indium Gallium Diselenide
13.10.3. Amorphous Thin-film Silicone
13.11. Brazil Thin Film Solar Cell Market Forecast, By End Use Type
13.11.1. Residential
13.11.2. Commercial
13.11.3. Utility-Scale
13.12. Mexico Thin Film Solar Cell Market Forecast, By Product Type
13.12.1. Cadmium Telluride
13.12.2. Copper Indium Gallium Diselenide
13.12.3. Amorphous Thin-film Silicone
13.13. Mexico Thin Film Solar Cell Market Forecast, By End Use Type
13.13.1. Residential
13.13.2. Commercial
13.13.3. Utility-Scale
13.14. Rest of Latin America Thin Film Solar Cell Market Forecast, By Product Type
13.14.1. Agriculture
13.14.2. Copper Indium Gallium Diselenide
13.14.3. Amorphous Thin-film Silicone
13.15. Latin America Thin Film Solar Cell Market Attractiveness Analysis
13.15.1. By Product Type
13.15.2. By End Use Type
13.16. PEST Analysis

14. Company Profiles
14.1. Market Share Analysis, By Company
14.2. Competition Matrix
14.3. Company Profiles: Key Player
14.4. Global Solar, Inc.
14.4.1. Company Overview
14.4.2. Financial Overview
14.4.3. Business Strategy
14.4.4. Recent Developments
14.4.5. Manufacturing Footprint
14.5. Oxford Photovoltaics
14.6. Hankey Asia Ltd.
14.7. Xunlight Kunshan Co. Ltd.
14.8. Kaneka Corporation
14.9. First Solar
14.10. Ascent Solar Technologies Inc.
14.11. MiaSole Hi-Tech Corp.
14.12. Trony Solar
14.13. Mitsubishi Electric US, Inc.
14.14. United Solar, Inc.
14.15. Solar Frontier K.K.
14.16. Solopower Systems
14.17. General Electric
14.18. Sharp Corporation
14.19. XsunX Inc.
14.20. NexPower
14.21. Calyxo
14.22. Bangkok Solar
14.23. Wurth Solar
14.24. ENN Energy Holdings

15. Primary Key Insights
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