Market Overview:
The global thin films photovoltaic 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 concerns about climate change. Thin films photovoltaic are used for converting solar energy into electrical energy. These are made up of a thin layer of semiconductor material that is deposited on a substrate such as glass, metal or plastic. They are cheaper and more efficient than traditional silicon-based solar cells and hence, are increasingly being adopted for residential, commercial and utility applications. Inorganic photovoltaics account for the majority share in the global thin films photovoltaic market due to their high efficiency levels as compared to organic PV cells.
Product Definition:
Thin films photovoltaic is a technology used to convert light into electrical energy using thin films of semiconductor materials. Thin films photovoltaic is important because it can be used to create more efficient and less expensive solar cells.
Organic Photovoltaic:
Organic photovoltaic (OPV) is a solar technology that utilizes organic-based semiconductors for the production of electricity. Organic photovoltaics are made from carbon compounds, such as CIGS and PIGS, which are used to produce higher efficiency in comparison to inorganic semiconductors.
Inorganic Photovoltaic:
Inorganic photovoltaic (IPV) is a type of solar cell that employs inorganic materials such as selenium, silicon dioxide or sulfur to generate electricity. In the case of organic photovoltaics, carbon compounds are used as the photosensitizer and electron donor. The major advantage of using inorganic PV over organic PV is that inorganics are less expensive; however, they have lower efficiencies than their counterparts.
Application Insights:
The utility application segment accounted for the largest share of more than 40% in 2017. The segment is projected to witness significant growth over the forecast period owing to rising demand for clean energy sources from countries, such as China, Japan and Germany.
Rapid industrialization in India and Southeast Asia is expected to increase electricity demand, which will further propel the market growth over the forecast period. Increasing government support for solar power projects will also have a positive impact on industry expansion over the next eight years.
The residential application segment was valued at USD 2.97 billion in 2017 and is expected to witness considerable gains owing to increasing awareness about photovoltaic benefits coupled with growing urbanization trends across various regions of China, Japan, South Korea.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a boom in installations of solar panels owing to government subsidies, low-cost land availability, and rising consumer awareness regarding environmental protection. China accounted for more than 50% of total PV capacity installed worldwide in 2017 on account of factors such as cheap labor, high population density, favorable weather conditions for large-scale projects implementation and rapid urbanization across major cities including Beijing, Shanghai, Guangzhou & Shenzhen.
The European photovoltaic industry is anticipated to witness significant growth over the coming years due to increasing R&D investments by various organizations such as EU FPV program initiated PHOTVOLT Program under which € 100 million were invested from 2014 - 2020 was used for research activities related with thin films used for photovoltaic applications.
Growth Factors:
- Increasing demand for renewable energy: The growth of the thin films photovoltaic market is mainly driven by the increasing demand for renewable energy across the globe. Thin films PV modules are more efficient than traditional silicon-based solar cells and are cheaper to manufacture, which is why they are becoming a popular choice among consumers and businesses alike.
- Government initiatives and subsidies: Governments around the world have been promoting the use of renewable energy sources in an effort to reduce greenhouse gas emissions and combat climate change. This has resulted in a number of government initiatives and subsidies being offered for installing solar panels, which is benefiting the thin films photovoltaic market significantly.
- Declining prices of solar panels: The cost of installing a solar panel system has been declining steadily over the past few years, due to advancements in technology and increased competition among manufacturers. This is making it more affordable for consumers to switch over to solar power, thereby driving growth in the thin films photovoltaic market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thin Films Photovoltaic Market Research Report
By Type
Organic Photovoltaic, Inorganic Photovoltaic
By Application
Residential, Utility, Commercial, Military, Others
By Companies
SoloPower Systems, JA Solar, Jinko Solar, Suntech Power Holdings, Yingli Green Trina Solar, Sharp Corporation, Kyocera Corporation, Panasonic Corporation, Mitsubishi, Kaneka Corporation
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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Thin Films Photovoltaic Market Report Segments:
The global Thin Films Photovoltaic market is segmented on the basis of:
Types
Organic Photovoltaic, Inorganic Photovoltaic
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, Utility, Commercial, Military, 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:
- SoloPower Systems
- JA Solar
- Jinko Solar
- Suntech Power Holdings
- Yingli Green Trina Solar
- Sharp Corporation
- Kyocera Corporation
- Panasonic Corporation
- Mitsubishi
- Kaneka Corporation
Highlights of The Thin Films Photovoltaic 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:
- Organic Photovoltaic
- Inorganic Photovoltaic
- By Application:
- Residential
- Utility
- Commercial
- Military
- 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 Films Photovoltaic 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?
Thin films photovoltaic (TFPV) is a type of solar energy technology that uses very thin layers of material to convert sunlight into electricity. These materials are usually made from organic or inorganic materials and can be flexible or rigid.
Some of the key players operating in the thin films photovoltaic market are SoloPower Systems, JA Solar, Jinko Solar, Suntech Power Holdings, Yingli Green Trina Solar, Sharp Corporation, Kyocera Corporation, Panasonic Corporation, Mitsubishi, Kaneka Corporation.
The thin films photovoltaic market is expected to register a CAGR of 16%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thin Films Photovoltaic 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 Films Photovoltaic Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thin Films Photovoltaic 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 Films Photovoltaic 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 Films Photovoltaic Market Size & Forecast, 2018-2028
4.5.1 Thin Films Photovoltaic Market Size and Y-o-Y Growth
4.5.2 Thin Films Photovoltaic Market Absolute $ Opportunity
Chapter 5 Global Thin Films Photovoltaic 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 Films Photovoltaic Market Size Forecast by Type
5.2.1 Organic Photovoltaic
5.2.2 Inorganic Photovoltaic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thin Films Photovoltaic 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 Films Photovoltaic Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Utility
6.2.3 Commercial
6.2.4 Military
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thin Films Photovoltaic 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 Films Photovoltaic 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 Films Photovoltaic Analysis and Forecast
9.1 Introduction
9.2 North America Thin Films Photovoltaic 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 Films Photovoltaic Market Size Forecast by Type
9.6.1 Organic Photovoltaic
9.6.2 Inorganic Photovoltaic
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 Films Photovoltaic Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Utility
9.10.3 Commercial
9.10.4 Military
9.10.5 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 Films Photovoltaic Analysis and Forecast
10.1 Introduction
10.2 Europe Thin Films Photovoltaic 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 Films Photovoltaic Market Size Forecast by Type
10.6.1 Organic Photovoltaic
10.6.2 Inorganic Photovoltaic
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 Films Photovoltaic Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Utility
10.10.3 Commercial
10.10.4 Military
10.10.5 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 Films Photovoltaic Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thin Films Photovoltaic 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 Films Photovoltaic Market Size Forecast by Type
11.6.1 Organic Photovoltaic
11.6.2 Inorganic Photovoltaic
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 Films Photovoltaic Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Utility
11.10.3 Commercial
11.10.4 Military
11.10.5 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 Films Photovoltaic Analysis and Forecast
12.1 Introduction
12.2 Latin America Thin Films Photovoltaic 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 Films Photovoltaic Market Size Forecast by Type
12.6.1 Organic Photovoltaic
12.6.2 Inorganic Photovoltaic
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 Films Photovoltaic Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Utility
12.10.3 Commercial
12.10.4 Military
12.10.5 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 Films Photovoltaic Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thin Films Photovoltaic 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 Films Photovoltaic Market Size Forecast by Type
13.6.1 Organic Photovoltaic
13.6.2 Inorganic Photovoltaic
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 Films Photovoltaic Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Utility
13.10.3 Commercial
13.10.4 Military
13.10.5 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 Films Photovoltaic Market: Competitive Dashboard
14.2 Global Thin Films Photovoltaic Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SoloPower Systems
14.3.2 JA Solar
14.3.3 Jinko Solar
14.3.4 Suntech Power Holdings
14.3.5 Yingli Green Trina Solar
14.3.6 Sharp Corporation
14.3.7 Kyocera Corporation
14.3.8 Panasonic Corporation
14.3.9 Mitsubishi
14.3.10 Kaneka Corporation
