Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global CdTe Thin Film Solar Cell and Monocrystalline Modules Market by Type (Polycrystalline Solar Cells, Monocrystalline Solar Cells), By Application (Commercial Application, Residential Application, Utility Application, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global CdTe Thin Film Solar Cell and Monocrystalline Modules Market by Type (Polycrystalline Solar Cells, Monocrystalline Solar Cells), By Application (Commercial Application, Residential Application, Utility Application, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 350857 4200 Energy & Power 377 123 Pages 4.6 (39)
                                          

Market Overview:


The global CdTe thin film solar cell and monocrystalline modules market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources across the globe and the declining prices of solar modules. The polycrystalline solar cells segment is expected to dominate the global CdTe thin film solar cell and monocrystalline modules market during the forecast period, owing to its lower cost as compared to other types of solar cells. However, with technological advancements, monocrystalline solar cells are becoming more popular due their higher efficiency levels as compared to other types of solar cells. In terms of applications, commercial application is expected to account for a major share in the global CdTe thin film Solar Cell and Monocrystalline Modules Market duringthe forecast period. This can be attributedto th egrowing adoptionof solarpower bycommercial establishmentsfor reducing their electricity billsand achieving sustainability goals .


Global CdTe Thin Film Solar Cell and Monocrystalline Modules Industry Outlook


Product Definition:


A CdTe thin-film solar cell is a type of solar cell that uses cadmium telluride as the semiconductor. It is one of the most common types of solar cells used in photovoltaics technology and has the second highest efficiency rating after monocrystalline silicon cells.


Polycrystalline Solar Cells:


Polycrystalline solar cells, also called as PSC or CIGS for short, are a type of thin-film solar cell that utilizes the absorption of sunlight to generate electricity. PSCs are made from crystalline silicon and can be either face-centered cubic or hexagonal. The most important factor contributing to the growth of this market is its efficiency in converting light into electricity which is much higher than monocrystalline modules and polycrystallines together.


Monocrystalline Solar Cells:


Monocrystalline solar cells are crystalline silicon cells that are manufactured using a single crystal of silicon. These types of solar cells possess higher efficiencies as compared to polycrystalline and amorphous Silicon based solar cell owing to the high purity of product.


Application Insights:


The utility application segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to the growing need for renewable sources of energy, such as solar power, across various utility companies. Furthermore, governments are promoting investments in this sector to meet increasing electricity demand from a cost-effective source.


Global cdte thin film solar cell.


The commercial application segment is expected to witness significant growth over the forecast period owing to rising awareness among consumers regarding clean energy solutions and support offered by banks and financial institutions for installing these systems. Moreover, several state governments have announced incentives & tax credits related to installation of these systems in educational institutes hospitals colleges etc., which will propel industry expansion over the next few years.


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of solar power plants being built, which will require huge amounts of ccdTe modules. China accounted for approximately 80% of total production owing to easy availability of raw materials and labor in the country.


The European market is anticipated to grow at a significant rate over the forecast period owing to increasing R&D activities by various organizations such as EU-OSHA, PACE, EurekaAlert!, Energy Brainpool and many more across Europe for developing advanced solar technologies that can replace conventional sources such as coal or gas based power plants with minimal environmental impact. Germany accounts for approximately 40% share in Europe’s overall thin film solar cell & monocrystalline modules industry due to early adoption of these cells across several sectors including residential application (rooftop), utility application (electricity) along with commercial sector (commercial buildings).


Growth Factors:


  • Increasing demand from the residential and commercial sectors for solar energy systems is expected to drive the growth of CdTe thin film solar cells and monocrystalline modules market.
  • Rising awareness about the benefits of using solar energy systems is anticipated to boost the demand for CdTe thin film solar cells and monocrystalline modules in the near future.
  • Growing concerns over climate change and rising electricity costs are projected to fuel the adoption of solar energy systems, which in turn is likely to propel growth of CdTe thin film solar cells and monocrystalline modules market during forecast period.
  • Technological advancements in manufacturing process of CdTe thin film solar cells is expected to result in reduction in overall cost, thereby propelling market growth over next few years.

Scope Of The Report

Report Attributes

Report Details

Report Title

CdTe Thin Film Solar Cell and Monocrystalline Modules Market Research Report

By Type

Polycrystalline Solar Cells, Monocrystalline Solar Cells

By Application

Commercial Application, Residential Application, Utility Application, Others

By Companies

Hanwha, SunPower, Sharp, Canadian Solar, Jinko Solar, JA Solar, Yingli, Shunfeng, ReneSola, Risen, Renogy Solar, Emerald Sun Energy, Elkem Solar, Kyocera Solar

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

123

Number of Tables & Figures

87

Customization Available

Yes, the report can be customized as per your need.


Global CdTe Thin Film Solar Cell and Monocrystalline Modules Market Report Segments:

The global CdTe Thin Film Solar Cell and Monocrystalline Modules market is segmented on the basis of:

Types

Polycrystalline Solar Cells, Monocrystalline Solar Cells

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Commercial Application, Residential Application, Utility Application, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Hanwha
  2. SunPower
  3. Sharp
  4. Canadian Solar
  5. Jinko Solar
  6. JA Solar
  7. Yingli
  8. Shunfeng
  9. ReneSola
  10. Risen
  11. Renogy Solar
  12. Emerald Sun Energy
  13. Elkem Solar
  14. Kyocera Solar

Global CdTe Thin Film Solar Cell and Monocrystalline Modules Market Overview


Highlights of The CdTe Thin Film Solar Cell and Monocrystalline Modules Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Polycrystalline Solar Cells
    2. Monocrystalline Solar Cells
  1. By Application:

    1. Commercial Application
    2. Residential Application
    3. Utility Application
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the CdTe Thin Film Solar Cell and Monocrystalline Modules Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

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Global CdTe Thin Film Solar Cell and Monocrystalline Modules Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


CdTe Thin Film Solar Cell is a type of solar cell that uses the semiconductor cadmium telluride. Monocrystalline Modules are crystalline solids with a single crystal structure.

Some of the key players operating in the cdte thin film solar cell and monocrystalline modules market are Hanwha, SunPower, Sharp, Canadian Solar, Jinko Solar, JA Solar, Yingli, Shunfeng, ReneSola, Risen, Renogy Solar, Emerald Sun Energy, Elkem Solar, Kyocera Solar.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 CdTe Thin Film Solar Cell and Monocrystalline Modules Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 CdTe Thin Film Solar Cell and Monocrystalline Modules Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 CdTe Thin Film Solar Cell and Monocrystalline Modules Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the CdTe Thin Film Solar Cell and Monocrystalline Modules Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global CdTe Thin Film Solar Cell and Monocrystalline Modules Market Size & Forecast, 2020-2028       4.5.1 CdTe Thin Film Solar Cell and Monocrystalline Modules Market Size and Y-o-Y Growth       4.5.2 CdTe Thin Film Solar Cell and Monocrystalline Modules Market Absolute $ Opportunity

Chapter 5 Global  Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2  Market Size Forecast by Type
      5.2.1 Polycrystalline Solar Cells
      5.2.2 Monocrystalline Solar Cells
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global  Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2  Market Size Forecast by Applications
      6.2.1 Commercial Application
      6.2.2 Residential Application
      6.2.3 Utility Application
      6.2.4 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global CdTe Thin Film Solar Cell and Monocrystalline Modules Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 CdTe Thin Film Solar Cell and Monocrystalline Modules Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America  Analysis and Forecast
   9.1 Introduction
   9.2 North America  Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America  Market Size Forecast by Type
      9.6.1 Polycrystalline Solar Cells
      9.6.2 Monocrystalline Solar Cells
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America  Market Size Forecast by Applications
      9.10.1 Commercial Application
      9.10.2 Residential Application
      9.10.3 Utility Application
      9.10.4 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe  Analysis and Forecast
   10.1 Introduction
   10.2 Europe  Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe  Market Size Forecast by Type
      10.6.1 Polycrystalline Solar Cells
      10.6.2 Monocrystalline Solar Cells
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe  Market Size Forecast by Applications
      10.10.1 Commercial Application
      10.10.2 Residential Application
      10.10.3 Utility Application
      10.10.4 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific  Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific  Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific  Market Size Forecast by Type
      11.6.1 Polycrystalline Solar Cells
      11.6.2 Monocrystalline Solar Cells
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific  Market Size Forecast by Applications
      11.10.1 Commercial Application
      11.10.2 Residential Application
      11.10.3 Utility Application
      11.10.4 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America  Analysis and Forecast
   12.1 Introduction
   12.2 Latin America  Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America  Market Size Forecast by Type
      12.6.1 Polycrystalline Solar Cells
      12.6.2 Monocrystalline Solar Cells
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America  Market Size Forecast by Applications
      12.10.1 Commercial Application
      12.10.2 Residential Application
      12.10.3 Utility Application
      12.10.4 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA)  Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA)  Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA)  Market Size Forecast by Type
      13.6.1 Polycrystalline Solar Cells
      13.6.2 Monocrystalline Solar Cells
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA)  Market Size Forecast by Applications
      13.10.1 Commercial Application
      13.10.2 Residential Application
      13.10.3 Utility Application
      13.10.4 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 CdTe Thin Film Solar Cell and Monocrystalline Modules Market: Competitive Dashboard
   14.2 Global CdTe Thin Film Solar Cell and Monocrystalline Modules Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Hanwha
      14.3.2 SunPower
      14.3.3 Sharp
      14.3.4 Canadian Solar
      14.3.5 Jinko Solar
      14.3.6 JA Solar
      14.3.7 Yingli
      14.3.8 Shunfeng
      14.3.9 ReneSola
      14.3.10 Risen
      14.3.11 Renogy Solar
      14.3.12 Emerald Sun Energy
      14.3.13 Elkem Solar
      14.3.14 Kyocera Solar

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