Market Overview:
The global copper indium gallium selenide (CIGS & CIS) solar cells module market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources across the globe and government initiatives and subsidies for the adoption of solar energy. Based on type, the global copper indium gallium selenide (CIGS & CIS) solar cells module market is segmented into CIGS solar cell modules and CIS solar cell modules. The CIGS segment is expected to account for a larger share of the market in 2018 owing to its higher efficiency as compared to other types of PV modules. Based on application, the global copper indium gallium selenide (CIGS & CIS) solar cells module market is segmented into residential, commercial, and ground station segments. The commercial sector is expected to account for a larger share of the overall market in 2018 due to rising demand from large-scale establishments such as hotels, hospitals, office buildings, etc.
 Solar Cells Module Industry Outlook.svg)
Product Definition:
A Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module is a device that uses a thin film of Copper Indium Gallium Selenide (CIGS & CIS) to convert sunlight into electrical energy. CIGS solar cells are an important new technology in the solar industry because they have the potential to be more efficient and less expensive than traditional silicon-based solar cells.
CIGS Solar Cell Module:
Copper Indium Gallium Selenide (CIGS) solar cell module is a photovoltaic type of semiconductor that generates electricity from the sun. CIGS modules are manufactured using crystalline silicon, which is then coated with a thin film of copper and indium selenide to collect sunlight.
CIS Solar Cell Module:
CIS solar cell module is a thin-film type of solar cell, which consists of three layers. The top layer is made from copper indium gallium selenide (CIGS). Under this layer there is a single sheet of polycrystalline silicon and below that there is another CIGS film. These cells are manufactured using deposition techniques such as physical vapor deposition (PVD), chemical vapor deposition (CVD) or inkjet printing.
Application Insights:
The residential application segment accounted for the largest revenue share of over 40% in 2017. Copper indium gallium selenide (CIGS) and copper indium gallium selenide-based solar cells offer high efficiency, high quality, and are relatively less expensive compared to their counterparts such as silicon based solar cells. These factors are likely to drive the demand for CIGS modules in the residential sector over the forecast period.
The commercial application segment is expected to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to increasing adoption of clean energy sources including renewable energy in various government initiatives across economies worldwide. The ground station segment is also projected register notable growth at a CAGR of XX%, during the same period owing to growing usage of space assets including satellites, human spacecraft, and robots on earth which require power source¢â‚¬â„¢s electricity generation units for operating them effectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. China accounted for a major share of CIS modules production owing to low raw material cost coupled with easy availability of land. The country also has favorable government policies supporting solar power generation, which is anticipated to boost industry growth in this region.
Europe was valued at USD X million in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 owing high product demand from Germany, Italy and France among other Eastern European countries. Moreover, increasing focus on renewable energy source for electricity generation will drive industry growth over the coming years as these solar cells are eco-friendly compared with those generated through coal power plant plants that emit green house gas (GHG).
Growth Factors:
- Increasing demand for solar energy due to global warming and environmental concerns
- Government initiatives and subsidies for solar energy in various countries
- Reduction in cost of CIGS & CIS Solar Cells Module due to technological advancements
- Rising electricity rates worldwide providing impetus to adopt solar power
- Growing awareness about the benefits of using renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module Market Research Report
By Type
CIGS Solar Cell Module, CIS Solar Cell Module
By Application
Residential, Commercial, Ground Station
By Companies
Solar Frontier, SoloPower, Stion, Avancis (CNBM), Manz, Dow Solar (NuvoSun), Siva Power, Hanergy, Solibro, Miasole
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module Market Report Segments:
The global Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module market is segmented on the basis of:
Types
CIGS Solar Cell Module, CIS Solar Cell Module
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
Residential, Commercial, Ground Station
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:
- Solar Frontier
- SoloPower
- Stion
- Avancis (CNBM)
- Manz
- Dow Solar (NuvoSun)
- Siva Power
- Hanergy
- Solibro
- Miasole
 Solar Cells Module Market Overview.svg)
Highlights of The Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module 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:
- CIGS Solar Cell Module
- CIS Solar Cell Module
- By Application:
- Residential
- Commercial
- Ground Station
- 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 Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module 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
 Solar Cells Module Market Statistics.svg)
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?
A solar cell module is a complete assembly of solar cells that can be mounted on a roof or other surface to convert sunlight into electricity. Solar cell modules are made up of individual solar cells, which are the smallest unit of a photovoltaic system.
Some of the key players operating in the copper indium gallium selenide (cigs & cis) solar cells module market are Solar Frontier, SoloPower, Stion, Avancis (CNBM), Manz, Dow Solar (NuvoSun), Siva Power, Hanergy, Solibro, Miasole.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module 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 Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module 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 Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module 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 Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module Market Size & Forecast, 2020-2028
4.5.1 Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module Market Size and Y-o-Y Growth
4.5.2 Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module 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 CIGS Solar Cell Module
5.2.2 CIS Solar Cell Module
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 Residential
6.2.2 Commercial
6.2.3 Ground Station
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module 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 Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module 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 CIGS Solar Cell Module
9.6.2 CIS Solar Cell Module
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 Residential
9.10.2 Commercial
9.10.3 Ground Station
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 CIGS Solar Cell Module
10.6.2 CIS Solar Cell Module
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 Residential
10.10.2 Commercial
10.10.3 Ground Station
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 CIGS Solar Cell Module
11.6.2 CIS Solar Cell Module
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 Residential
11.10.2 Commercial
11.10.3 Ground Station
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 CIGS Solar Cell Module
12.6.2 CIS Solar Cell Module
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 Residential
12.10.2 Commercial
12.10.3 Ground Station
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 CIGS Solar Cell Module
13.6.2 CIS Solar Cell Module
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 Residential
13.10.2 Commercial
13.10.3 Ground Station
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 Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module Market: Competitive Dashboard
14.2 Global Copper Indium Gallium Selenide (CIGS & CIS) Solar Cells Module Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Solar Frontier
14.3.2 SoloPower
14.3.3 Stion
14.3.4 Avancis (CNBM)
14.3.5 Manz
14.3.6 Dow Solar (NuvoSun)
14.3.7 Siva Power
14.3.8 Hanergy
14.3.9 Solibro
14.3.10 Miasole
