Market Overview:
The global thin film photovoltaic modules market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for solar energy across the globe and technological advancements in thin film photovoltaic modules. Thin film photovoltaic modules are witnessing an increase in demand due to their high efficiency and low cost as compared to traditional silicon-based solar cells. These factors are expected to drive the growth of the global thin film photovoltaic modules market during the forecast period. Based on type, cadmium telluride (CdTe) is expected to account for a major share of the global thin film photovoltaic modules market during the forecast period. Cadmium telluride is one of the most efficient materials used in manufacturing thin-film solar cells and has a conversion efficiency rate of over 20%. This material is also less expensive than other types of solar cells, making it a preferred choice for many consumers worldwide.
Product Definition:
A thin film photovoltaic module is a type of solar cell that uses a thin layer of semiconductor material to convert sunlight into electrical energy. Thin film photovoltaic modules are typically less efficient than traditional crystalline silicon solar cells, but they are much cheaper to produce and can be manufactured in large quantities. Thin film photovoltaic modules are used in a wide variety of applications, including residential and commercial rooftop installations, as well as large-scale power plants.
Amorphous Silicon (a-Si):
Amorphous silicon (a-Si) is a type of semiconductor material that possesses no preferred orientation. Amorphous silicon was first produced in laboratories in the early 1970s, and since then has become an integral part of the global market for thin-film photovoltaic modules.
Cadmium Telluride (CdTe):
Cadmium telluride (CdTe) is a semiconductor material, which exhibits band gap energy of 1.5 eV. It has high absorption coefficient for solar radiation and can be used in the production of PV modules with a large area factor. Cadmium telluride is an optoelectronic material that can be integrated into thin film form on any substrate by using appropriate processing techniques such as chemical vapor deposition (CVD).
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 growing need for renewable energy sources across countries such as China, Italy and Germany. In addition, favorable government policies such as Feed-in Tariffs (FiT) are expected to increase thin film photovoltaic module installations over the forecast period.
The other applications include consumer electronics and clean energy generation. Other applications of thin film photovoltaic modules include consumer electronics where they are used in backlighting devices for LCD/LED televisions or computer displays; however; volume production is yet to take place despite high demand from end-users globally due to low efficiency ratings of around 15% under normal conditions which hinder their usage in large scale electricity generation applications compared to conventional crystalline silicon modules that achieve efficiencies ranging between 22% - 23%.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2016 and is anticipated to witness significant growth owing to increasing government initiatives and investments in infrastructure development. For instance, China has planned 20 GW of new solar power capacity by 2020.
The U.S., which was at the forefront of Thin Film PV Module manufacturing, announced its plans for phasing out c-Si based modules by 2019 because they are expensive compared to thin film solar panels manufactured with amorphous silicon technology developed by Canadian Solar Inc.; however; there are no definitive timelines provided yet regarding this plan revision or not whether it will be followed through with completely or not.
North America emerged as one of the major markets accounting for a share of more than 15% in 2016 owing to growing awareness about environmental protection along with technological advancements such as miniaturization.
Growth Factors:
- Increasing demand for renewable energy: The growth of the thin film photovoltaic modules market can be attributed to the increasing demand for renewable energy across the globe. Thin film photovoltaic modules are a viable and efficient source of renewable energy, which is why their popularity is on the rise.
- Declining prices of solar panels: The cost of solar panels has been declining steadily in recent years, making them more affordable for consumers and businesses alike. This is good news for the thin film photovoltaic modules market as it will help to drive adoption rates higher.
- Government incentives and subsidies: Governments around the world are offering incentives and subsidies to promote the use of solar power, which is benefiting the thin film photovoltaic modules market significantly. Such measures are helping to accelerate growth in this market segment considerably.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thin Film Photovoltaic Modules 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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Thin Film Photovoltaic Modules Market Report Segments:
The global Thin Film Photovoltaic Modules 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 Photovoltaic 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:
- 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 Photovoltaic 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.
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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?
Thin film photovoltaic modules are a type of solar energy panel that use light to convert the sun's energy into electricity. Thin film photovoltaic modules are made from a thin layer of material that is placed on top of a substrate, such as glass or plastic. The module absorbs sunlight and converts it into electrical current.
Some of the key players operating in the thin film photovoltaic modules market are First Solar, Sharp, Solar Frontier, Hanergy, ZSW, Sentech, Stion, CivicSolar, KANEKA Solar Energy, SoloPower, Solar-Facts, Flisom.
The thin film photovoltaic modules market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thin Film Photovoltaic Modules Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thin Film Photovoltaic Modules Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thin Film Photovoltaic Modules Market - Supply Chain
4.5. Global Thin Film Photovoltaic Modules Market Forecast
4.5.1. Thin Film Photovoltaic Modules Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thin Film Photovoltaic Modules Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thin Film Photovoltaic Modules Market Absolute $ Opportunity
5. Global Thin Film Photovoltaic Modules Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thin Film Photovoltaic Modules Market Size and Volume Forecast by Type
5.3.1. Amorphous Silicon (a-Si)
5.3.2. Cadmium Telluride (CdTe)
5.3.3. Copper Indium Gallium Selenide (CIS/CIGS)
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thin Film Photovoltaic Modules Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thin Film Photovoltaic Modules Market Size and Volume Forecast by Application
6.3.1. Solar Power Station
6.3.2. Automotive
6.3.3. Buildings
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thin Film Photovoltaic Modules Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thin Film Photovoltaic Modules Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thin Film Photovoltaic Modules Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thin Film Photovoltaic Modules Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thin Film Photovoltaic Modules Demand Share Forecast, 2019-2026
9. North America Thin Film Photovoltaic Modules Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thin Film Photovoltaic Modules Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thin Film Photovoltaic Modules Market Size and Volume Forecast by Application
9.4.1. Solar Power Station
9.4.2. Automotive
9.4.3. Buildings
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thin Film Photovoltaic Modules Market Size and Volume Forecast by Type
9.7.1. Amorphous Silicon (a-Si)
9.7.2. Cadmium Telluride (CdTe)
9.7.3. Copper Indium Gallium Selenide (CIS/CIGS)
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thin Film Photovoltaic Modules Demand Share Forecast, 2019-2026
10. Latin America Thin Film Photovoltaic Modules Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thin Film Photovoltaic Modules Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thin Film Photovoltaic Modules Market Size and Volume Forecast by Application
10.4.1. Solar Power Station
10.4.2. Automotive
10.4.3. Buildings
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thin Film Photovoltaic Modules Market Size and Volume Forecast by Type
10.7.1. Amorphous Silicon (a-Si)
10.7.2. Cadmium Telluride (CdTe)
10.7.3. Copper Indium Gallium Selenide (CIS/CIGS)
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thin Film Photovoltaic Modules Demand Share Forecast, 2019-2026
11. Europe Thin Film Photovoltaic Modules Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thin Film Photovoltaic Modules Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thin Film Photovoltaic Modules Market Size and Volume Forecast by Application
11.4.1. Solar Power Station
11.4.2. Automotive
11.4.3. Buildings
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thin Film Photovoltaic Modules Market Size and Volume Forecast by Type
11.7.1. Amorphous Silicon (a-Si)
11.7.2. Cadmium Telluride (CdTe)
11.7.3. Copper Indium Gallium Selenide (CIS/CIGS)
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thin Film Photovoltaic Modules Demand Share, 2019-2026
12. Asia Pacific Thin Film Photovoltaic Modules Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thin Film Photovoltaic Modules Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thin Film Photovoltaic Modules Market Size and Volume Forecast by Application
12.4.1. Solar Power Station
12.4.2. Automotive
12.4.3. Buildings
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thin Film Photovoltaic Modules Market Size and Volume Forecast by Type
12.7.1. Amorphous Silicon (a-Si)
12.7.2. Cadmium Telluride (CdTe)
12.7.3. Copper Indium Gallium Selenide (CIS/CIGS)
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thin Film Photovoltaic Modules Demand Share, 2019-2026
13. Middle East & Africa Thin Film Photovoltaic Modules Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thin Film Photovoltaic Modules Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thin Film Photovoltaic Modules Market Size and Volume Forecast by Application
13.4.1. Solar Power Station
13.4.2. Automotive
13.4.3. Buildings
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thin Film Photovoltaic Modules Market Size and Volume Forecast by Type
13.7.1. Amorphous Silicon (a-Si)
13.7.2. Cadmium Telluride (CdTe)
13.7.3. Copper Indium Gallium Selenide (CIS/CIGS)
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thin Film Photovoltaic Modules Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thin Film Photovoltaic Modules Market: Market Share Analysis
14.2. Thin Film Photovoltaic Modules Distributors and Customers
14.3. Thin Film Photovoltaic Modules Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. First Solar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sharp
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Solar Frontier
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hanergy
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ZSW
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sentech
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Stion
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CivicSolar
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KANEKA Solar Energy
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SoloPower
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Solar-Facts
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Flisom
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
