Market Overview:
The global thin film solar panels market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for clean and renewable energy sources across the globe. Thin film solar panels are made up of materials that are much thinner than traditional silicon-based solar cells, making them lighter and easier to install. These panels are also more affordable and have a longer lifespan than traditional solar cells. Some of the major players in this market include First Solar (US), SunPower Corporation (US), Panasonic Corporation (Japan), and JinkoSolar Holding Co., Ltd. (China).
Product Definition:
Thin film solar panels are made of thin layers of photovoltaic material, typically less than one micrometer thick, which are deposited on a substrate. Thin-film solar cells are commercially available in a range of forms, including amorphous silicon (a-Si), cadmium telluride (CdTe), and copper indium gallium selenide/sulfide (CIGS/ CIS).
Thin film solar panels have many advantages over traditional crystalline silicon solar panels. They tend to be lighter and thinner, making them easier to transport and install. They also have a lower environmental impact due to their use of fewer materials in production. Additionally, thin film solar cells are often less expensive than traditional crystalline silicon cells when comparing the cost per watt generated.
Amorphous Silicon(a-Si):
Amorphous silicon is a type of semiconductor material that possesses no preferred orientation. It can be crystallized in any shape including, but not limited to, cubic, hexagonal or octagonal. Amorphous silicon was first produced by researchers at the University of Illinois at Urbana-Champaign in 1980.
Cadmium Telluride(CdTe):
Cadmium telluride, also known as hexagonal close-packed or CdTe, is a mineral composed of calcium and zinc. It has the appearance of crystalline powder and is very hard. Cadmium Telluride (CdTe) solar panels are made from cadmium telluride which has high energy content compared to conventional panels such as silicon wafers or glass.
Application Insights:
The market is segmented by application into solar power station, automotive, buildings and others. The solar power station segment accounted for the largest share in 2017 owing to the rising need for renewable energy sources across electricity generation. Rapid urbanization coupled with a growing number of commercial and residential installations is expected to drive demand over the forecast period.
Rapidly expanding utility scale photovoltaic (PV) projects are also anticipated to propel product demand over the coming years. In addition, thin film panels offer higher efficiency than conventional crystalline silicon PV modules at a lower cost which makes them ideal for large-scale PV applications such as solar power stations on account of their high yield efficiency (YEE).
The product has several advantages including low maintenance costs; flexibility in design & installation options; enhanced aesthetic appeal resulting in an improved end user experience along with other benefits such as increased productivity.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region is attributed to increasing government initiatives and investments in R&D for solar energy. For instance, India has set up a target of generating 20 GW electricity from renewable sources by 2020 which includes 10 GW from biomass, 5 GW from small hydropower and 2.5GW from solar power stations. Such government initiatives are expected to boost thin film solar panels demand in Asia Pacific region over the next few years.
Europe accounted for more than 25% of global market share in 2017 owing to early adoption Thin Film Solar Panels technology coupled with supportive policies & incentives offered by European countries such as Germany, Italy, Spain.
Growth Factors:
- Increasing demand for renewable energy sources: The growth of the thin film solar panels market can be attributed to the increasing demand for renewable energy sources across the globe. Thin film solar panels are a viable and efficient source of renewable energy, which is why their popularity is on the rise.
- Declining prices of solar modules: The cost of installing a solar panel system has been declining steadily in recent years, making it more affordable for consumers and businesses to switch to clean, renewable energy. This is particularly good news for thin film solar panels, which are typically less expensive than traditional crystalline silicon-based solar modules.
- Government incentives and subsidies: Governments around the world are offering incentives and subsidies to help promote the adoption of clean energy technologies like thin film solar panels. This helps reduce costs for consumers while also encouraging innovation in this growing industry sector.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thin Film Solar Panels Market Research Report
By Type
Amorphous Silicon(a-Si), Cadmium Telluride(CdTe), Copper Indium Gallium Selenide(CIS/CIGS), Others
By Application
Solar Power Station, Automotive, Buildings, Others
By Companies
First Solar, Sharp, Solar Frontier, Hanergy, ZSW, Sentech, Stion, CivicSolar, KANEKA Solar Energy, SoloPower, Solar-Facts, Flisom
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
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Thin Film Solar Panels Market Report Segments:
The global Thin Film Solar Panels market is segmented on the basis of:
Types
Amorphous Silicon(a-Si), Cadmium Telluride(CdTe), Copper Indium Gallium Selenide(CIS/CIGS), Others
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
Solar Power Station, Automotive, Buildings, 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:
- First Solar
- Sharp
- Solar Frontier
- Hanergy
- ZSW
- Sentech
- Stion
- CivicSolar
- KANEKA Solar Energy
- SoloPower
- Solar-Facts
- Flisom
Highlights of The Thin Film Solar Panels 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:
- Amorphous Silicon(a-Si)
- Cadmium Telluride(CdTe)
- Copper Indium Gallium Selenide(CIS/CIGS)
- Others
- By Application:
- Solar Power Station
- Automotive
- Buildings
- 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 Thin Film Solar Panels 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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- 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?
Thin film solar panels are made of a very thin sheet of silicon or other material that is coated with a layer of photovoltaic material. The coating makes the panel flexible and easy to install, and it can be rolled up for storage. Thin film solar panels are becoming more popular because they have many advantages over traditional solar cells: they are cheaper to produce, lighter in weight, and less likely to break than traditional cells.
Some of the major players in the thin film solar panels market are First Solar, Sharp, Solar Frontier, Hanergy, ZSW, Sentech, Stion, CivicSolar, KANEKA Solar Energy, SoloPower, Solar-Facts, Flisom.
The thin film solar panels 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 Thin Film Solar Panels 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 Thin Film Solar Panels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thin Film Solar Panels 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 Thin Film Solar Panels 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 Thin Film Solar Panels Market Size & Forecast, 2018-2028
4.5.1 Thin Film Solar Panels Market Size and Y-o-Y Growth
4.5.2 Thin Film Solar Panels Market Absolute $ Opportunity
Chapter 5 Global Thin Film Solar Panels 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 Thin Film Solar Panels Market Size Forecast by Type
5.2.1 Amorphous Silicon(a-Si)
5.2.2 Cadmium Telluride(CdTe)
5.2.3 Copper Indium Gallium Selenide(CIS/CIGS)
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thin Film Solar Panels 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 Thin Film Solar Panels Market Size Forecast by Applications
6.2.1 Solar Power Station
6.2.2 Automotive
6.2.3 Buildings
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thin Film Solar Panels 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 Thin Film Solar Panels 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 Thin Film Solar Panels Analysis and Forecast
9.1 Introduction
9.2 North America Thin Film Solar Panels 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 Thin Film Solar Panels Market Size Forecast by Type
9.6.1 Amorphous Silicon(a-Si)
9.6.2 Cadmium Telluride(CdTe)
9.6.3 Copper Indium Gallium Selenide(CIS/CIGS)
9.6.4 Others
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 Thin Film Solar Panels Market Size Forecast by Applications
9.10.1 Solar Power Station
9.10.2 Automotive
9.10.3 Buildings
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 Thin Film Solar Panels Analysis and Forecast
10.1 Introduction
10.2 Europe Thin Film Solar Panels 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 Thin Film Solar Panels Market Size Forecast by Type
10.6.1 Amorphous Silicon(a-Si)
10.6.2 Cadmium Telluride(CdTe)
10.6.3 Copper Indium Gallium Selenide(CIS/CIGS)
10.6.4 Others
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 Thin Film Solar Panels Market Size Forecast by Applications
10.10.1 Solar Power Station
10.10.2 Automotive
10.10.3 Buildings
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 Thin Film Solar Panels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thin Film Solar Panels 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 Thin Film Solar Panels Market Size Forecast by Type
11.6.1 Amorphous Silicon(a-Si)
11.6.2 Cadmium Telluride(CdTe)
11.6.3 Copper Indium Gallium Selenide(CIS/CIGS)
11.6.4 Others
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 Thin Film Solar Panels Market Size Forecast by Applications
11.10.1 Solar Power Station
11.10.2 Automotive
11.10.3 Buildings
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 Thin Film Solar Panels Analysis and Forecast
12.1 Introduction
12.2 Latin America Thin Film Solar Panels 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 Thin Film Solar Panels Market Size Forecast by Type
12.6.1 Amorphous Silicon(a-Si)
12.6.2 Cadmium Telluride(CdTe)
12.6.3 Copper Indium Gallium Selenide(CIS/CIGS)
12.6.4 Others
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 Thin Film Solar Panels Market Size Forecast by Applications
12.10.1 Solar Power Station
12.10.2 Automotive
12.10.3 Buildings
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) Thin Film Solar Panels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thin Film Solar Panels 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) Thin Film Solar Panels Market Size Forecast by Type
13.6.1 Amorphous Silicon(a-Si)
13.6.2 Cadmium Telluride(CdTe)
13.6.3 Copper Indium Gallium Selenide(CIS/CIGS)
13.6.4 Others
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) Thin Film Solar Panels Market Size Forecast by Applications
13.10.1 Solar Power Station
13.10.2 Automotive
13.10.3 Buildings
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 Thin Film Solar Panels Market: Competitive Dashboard
14.2 Global Thin Film Solar Panels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 First Solar
14.3.2 Sharp
14.3.3 Solar Frontier
14.3.4 Hanergy
14.3.5 ZSW
14.3.6 Sentech
14.3.7 Stion
14.3.8 CivicSolar
14.3.9 KANEKA Solar Energy
14.3.10 SoloPower
14.3.11 Solar-Facts
14.3.12 Flisom
