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 .
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:
- Hanwha
- SunPower
- Sharp
- Canadian Solar
- Jinko Solar
- JA Solar
- Yingli
- Shunfeng
- ReneSola
- Risen
- Renogy Solar
- Emerald Sun Energy
- Elkem Solar
- Kyocera Solar
Highlights of The CdTe Thin Film Solar Cell and Monocrystalline Modules Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polycrystalline Solar Cells
- Monocrystalline Solar Cells
- By Application:
- Commercial Application
- Residential Application
- Utility Application
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- 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