Market Overview:
The global flexible thin film solar cell market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for renewable energy sources and rising awareness about the benefits of using solar energy. In terms of type, the market is segmented into CdTe thin-film solar cells, CIS/CIGS thin-film solar cells, and A-Si thin-film solar cells. Among these, CIS/CIGS Thin Film Solar Cells are expected to witness highest growth during the forecast period owing to their high efficiency as compared to other types of flexible thin film solar cells. In terms of application, commercial segment is expected to hold major share in global flexible Thin Film Solar Cell Market followed by residential segment during forecast period. North America region dominates global Flexible Thin Film Solar Cell Market with highest market share followed by Europe and Asia Pacific region respectively in 2017.
Product Definition:
A flexible thin film solar cell is a photovoltaic (PV) module made of a thin layer of semiconductor material, such as silicon, deposited on a flexible plastic substrate. Thin-film modules are less efficient than crystalline silicon modules, but they can be produced at a lower cost and are more versatile. They are often used on spacecraft and in remote locations where traditional crystalline PV cells would be too heavy or costly to install.
CdTe Thin-Film Solar Cells:
Cadmium telluride (CdTe) thin-film solar cells are one of the latest innovations in the world of renewable energy. The efficiency factor of CdTe TFSSCs is 2.8% as compared to the conventional silicon cell which has a efficiency factor of around 14%.
CIS/CIGS Thin-Film Solar Cells:
CIS/CIGS thin-film solar cells are crystalline silicon cells that are produced using amorphous silica and gallium tin as a source of energy. These cells possess higher efficiencies than monocrystalline and polycrystalline silicon solar panels owing to the absence of annealing process in the production method.
Application Insights:
The commercial application segment accounted for the largest share of exceeding 70.0% in 2017. The growing need for renewable sources of energy, such as solar power, to meet the rising demand from telecom and IT companies is expected to drive the market over the forecast period.
Flexible thin-film solar cells are used in numerous residential applications including roof tops, water heating, and space heating. The product has a lower installation cost as compared to conventional photovoltaic panels owing to its lightweight nature; this factor is anticipated to increase their penetration rate in residential applications over the coming years.
Furthermore, increasing government support towards promoting renewable sources of energy generation such as solar power is likely to propel industry growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is expected to grow on account of increasing government investments and favorable regulations for FTSCs. China accounted for a major share in terms of both volume and revenue, which can be attributed to heavy investment by the Chinese government in building large-scale infrastructure projects, such as solar farms, based on FTSC technology.
North America emerged as the second-largest regional market due to high demand from residential applications owing to rising awareness regarding energy conservation measures taken by local governments across U.S., Canada, and Mexico states. Moreover, growing penetration of utilities such as Duke Energy Corporation; Public Service Company; Xcel Energy Inc.; Avista Corp.; American Electric Power Co.; Alliant Energy Corp.
Growth Factors:
- Increasing demand for renewable energy sources: The growing concern of global warming and climate change is expected to drive the demand for renewable energy sources such as flexible thin film solar cells. This will help in reducing the dependence on traditional fossil fuels and promote sustainable development.
- Declining cost of solar energy: The cost of solar energy has been declining rapidly in recent years due to advancements in technology and increased production capacity. This is making it more competitive with other forms of electricity generation, thereby driving its adoption worldwide.
- Government initiatives & subsidies: Governments around the world are promoting the use of solar power through various incentives and subsidies, which is helping to accelerate its growth rate globally. In addition, many countries are setting targets for increasing the share of renewables in their overall energy mix, providing a further boost to this market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Flexible Thin Film Solar Cell Market Research Report
By Type
CdTe Thin-Film Solar Cells, CIS/CIGS Thin-Film Solar Cells, A-Si Thin-Film Solar Cells
By Application
Commercial, Residential
By Companies
PowerFilm, Inc., Panasonic, infinityPV, Flisom, Sun Harmonics, F-WAVE Company, Heliatek GmbH, HyET Solar, Ascent Solar Technologies, Inc, PowerFilm, Inc.
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Flexible Thin Film Solar Cell Market Report Segments:
The global Flexible Thin Film Solar Cell market is segmented on the basis of:
Types
CdTe Thin-Film Solar Cells, CIS/CIGS Thin-Film Solar Cells, A-Si Thin-Film 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, Residential
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:
- PowerFilm, Inc.
- Panasonic
- infinityPV
- Flisom
- Sun Harmonics
- F-WAVE Company
- Heliatek GmbH
- HyET Solar
- Ascent Solar Technologies, Inc
- PowerFilm, Inc.
Highlights of The Flexible Thin Film Solar Cell 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:
- CdTe Thin-Film Solar Cells
- CIS/CIGS Thin-Film Solar Cells
- A-Si Thin-Film Solar Cells
- By Application:
- Commercial
- Residential
- 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 Flexible Thin Film Solar Cell 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 flexible thin film solar cell is a type of solar cell that can be rolled up or folded into a small package. This makes it easier to install on roofs or other large areas where space is limited.
Some of the key players operating in the flexible thin film solar cell market are PowerFilm, Inc., Panasonic, infinityPV, Flisom, Sun Harmonics, F-WAVE Company, Heliatek GmbH, HyET Solar, Ascent Solar Technologies, Inc, PowerFilm, Inc..
The flexible thin film solar cell market is expected to grow at a compound annual growth rate of 16%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flexible Thin Film Solar Cell 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 Flexible Thin Film Solar Cell Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flexible Thin Film Solar Cell 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 Flexible Thin Film Solar Cell 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 Flexible Thin Film Solar Cell Market Size & Forecast, 2018-2028
4.5.1 Flexible Thin Film Solar Cell Market Size and Y-o-Y Growth
4.5.2 Flexible Thin Film Solar Cell Market Absolute $ Opportunity
Chapter 5 Global Flexible Thin Film Solar Cell 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 Flexible Thin Film Solar Cell Market Size Forecast by Type
5.2.1 CdTe Thin-Film Solar Cells
5.2.2 CIS/CIGS Thin-Film Solar Cells
5.2.3 A-Si Thin-Film Solar Cells
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Flexible Thin Film Solar Cell 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 Flexible Thin Film Solar Cell Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flexible Thin Film Solar Cell 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 Flexible Thin Film Solar Cell 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 Flexible Thin Film Solar Cell Analysis and Forecast
9.1 Introduction
9.2 North America Flexible Thin Film Solar Cell 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 Flexible Thin Film Solar Cell Market Size Forecast by Type
9.6.1 CdTe Thin-Film Solar Cells
9.6.2 CIS/CIGS Thin-Film Solar Cells
9.6.3 A-Si Thin-Film 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 Flexible Thin Film Solar Cell Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
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 Flexible Thin Film Solar Cell Analysis and Forecast
10.1 Introduction
10.2 Europe Flexible Thin Film Solar Cell 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 Flexible Thin Film Solar Cell Market Size Forecast by Type
10.6.1 CdTe Thin-Film Solar Cells
10.6.2 CIS/CIGS Thin-Film Solar Cells
10.6.3 A-Si Thin-Film 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 Flexible Thin Film Solar Cell Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
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 Flexible Thin Film Solar Cell Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Flexible Thin Film Solar Cell 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 Flexible Thin Film Solar Cell Market Size Forecast by Type
11.6.1 CdTe Thin-Film Solar Cells
11.6.2 CIS/CIGS Thin-Film Solar Cells
11.6.3 A-Si Thin-Film 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 Flexible Thin Film Solar Cell Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
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 Flexible Thin Film Solar Cell Analysis and Forecast
12.1 Introduction
12.2 Latin America Flexible Thin Film Solar Cell 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 Flexible Thin Film Solar Cell Market Size Forecast by Type
12.6.1 CdTe Thin-Film Solar Cells
12.6.2 CIS/CIGS Thin-Film Solar Cells
12.6.3 A-Si Thin-Film 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 Flexible Thin Film Solar Cell Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
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) Flexible Thin Film Solar Cell Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Flexible Thin Film Solar Cell 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) Flexible Thin Film Solar Cell Market Size Forecast by Type
13.6.1 CdTe Thin-Film Solar Cells
13.6.2 CIS/CIGS Thin-Film Solar Cells
13.6.3 A-Si Thin-Film 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) Flexible Thin Film Solar Cell Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
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 Flexible Thin Film Solar Cell Market: Competitive Dashboard
14.2 Global Flexible Thin Film Solar Cell Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PowerFilm, Inc.
14.3.2 Panasonic
14.3.3 infinityPV
14.3.4 Flisom
14.3.5 Sun Harmonics
14.3.6 F-WAVE Company
14.3.7 Heliatek GmbH
14.3.8 HyET Solar
14.3.9 Ascent Solar Technologies, Inc
14.3.10 PowerFilm, Inc.
