Market Overview:
The global thin film solar cell equipment market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources and the declining prices of solar cells. Thin film solar cells are made of materials that are much thinner than traditional silicon-based cells, making them cheaper and easier to produce. They are also more efficient in converting sunlight into electricity than traditional cells, making them a viable option for large-scale power generation. The global thin film solar cell equipment market is segmented by type into A-Si technology, CdTe technology, and CIGS technology. The A-Si technology segment is expected to dominate the market during the forecast period owing to its low cost and high efficiency.
Product Definition:
Thin Film Solar Cell Equipment is used to produce thin film solar cells. These cells are important because they are more efficient than traditional solar panels and can be produced at a lower cost.
A-Si Technology:
A-Si technology is the first-ever commercial thin film solar cell technology. It was developed by Mitsubishi Chemical and Sumitomo in Japan, and later on commercialized by them as well as other companies including Kyocera, Panasonic, Sharp and Toshiba.
CdTe Technology:
Cadmium telluride (CdTe) technology and its usage in thin film solar cell equipment market is expected to witness significant growth over the forecast period. Thin Film Solar Cell (TFC) emerged as a potential alternative for commercial power generation on account of its enhanced efficiency over conventional crystalline silicon cells. TFCs have higher energy band gaps which allow them to absorb more sunlight, hence they are being extensively used in the production of photovoltaic modules.
Application Insights:
The market is segmented by application into CdTe, CIGS, and c-Si technologies. The c-Si technology segment accounted for the largest share in 2017 owing to its extensive use in the residential and commercial sectors. Thin film solar cells are used as a component of photovoltaic (PV) modules that are attached to roofs of buildings to generate electricity. Growing emphasis on renewable energy generation is expected to drive demand over the forecast period.
The growing popularity of thin film solar cell equipment among residential consumers seeking grid parity with their utility bills has been one of the key factors driving product demand from this application segment over recent years. Grid parity occurs when an installed PV system produces enough power for all needs from house lighting up to daily requirements; it does not exceed any extra billing requirement under any government scheme or regulation set across various countries worldwide including India, China, Germany etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of volume owing to increasing installation of solar panels on account of growing electricity demand, coupled with supportive government policies. In addition, rising investments by leading thin film solar cell equipment manufacturers are anticipated to drive the regional market further.
China is estimated to be one of the fastest-growing markets over the forecast period owing to rapid economic growth along with increasing per capita income and purchasing power parity in recent years.
Growth Factors:
- Increasing demand for solar energy due to global warming and rising electricity costs
- Government initiatives and subsidies for installation of solar panels
- Reduction in the cost of thin film solar cells
- Technological advancements that improve efficiency and performance of thin film solar cells
- Growing awareness about the benefits of using renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Thin Film Solar Cell Equipment Market Research Report
By Type
A-Si Technology, CdTe Technology, CIGS Technology
By Application
CdTe, CIGS, c-Si
By Companies
First Solar, ULVAC, Apollo Solar, Nanowin, Veeco, XsunX, Jusung, GreenSolar, Anwell, Beiyi, STF Group, China Solar Energy
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Thin Film Solar Cell Equipment Market Report Segments:
The global Thin Film Solar Cell Equipment market is segmented on the basis of:
Types
A-Si Technology, CdTe Technology, CIGS Technology
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
CdTe, CIGS, c-Si
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
- ULVAC
- Apollo Solar
- Nanowin
- Veeco
- XsunX
- Jusung
- GreenSolar
- Anwell
- Beiyi
- STF Group
- China Solar Energy
Highlights of The Thin Film Solar Cell Equipment 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:
- A-Si Technology
- CdTe Technology
- CIGS Technology
- By Application:
- CdTe
- CIGS
- c-Si
- 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 Cell Equipment 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 film solar cell equipment is a type of solar energy equipment that uses thin films to convert sunlight into electricity. Thin film solar cells are made up of many small, light-sensitive cells that are arranged in a layer on top of a substrate. When light hits the thin film, it causes the cells to become excited and release electrons. These electrons can then travel through the substrate and into an external circuit, where they can be used to power devices like lights or electronic gadgets.
Some of the major players in the thin film solar cell equipment market are First Solar, ULVAC, Apollo Solar, Nanowin, Veeco, XsunX, Jusung, GreenSolar, Anwell, Beiyi, STF Group, China Solar Energy.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thin Film Solar Cell Equipment 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 Solar Cell Equipment 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 Solar Cell Equipment Market - Supply Chain
4.5. Global Thin Film Solar Cell Equipment Market Forecast
4.5.1. Thin Film Solar Cell Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thin Film Solar Cell Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thin Film Solar Cell Equipment Market Absolute $ Opportunity
5. Global Thin Film Solar Cell Equipment 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 Solar Cell Equipment Market Size and Volume Forecast by Type
5.3.1. A-Si Technology
5.3.2. CdTe Technology
5.3.3. CIGS Technology
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thin Film Solar Cell Equipment 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 Solar Cell Equipment Market Size and Volume Forecast by Application
6.3.1. CdTe
6.3.2. CIGS
6.3.3. c-Si
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thin Film Solar Cell Equipment 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 Solar Cell Equipment 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 Solar Cell Equipment 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 Solar Cell Equipment 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 Solar Cell Equipment Demand Share Forecast, 2019-2029
9. North America Thin Film Solar Cell Equipment 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 Solar Cell Equipment 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 Solar Cell Equipment Market Size and Volume Forecast by Application
9.4.1. CdTe
9.4.2. CIGS
9.4.3. c-Si
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thin Film Solar Cell Equipment Market Size and Volume Forecast by Type
9.7.1. A-Si Technology
9.7.2. CdTe Technology
9.7.3. CIGS Technology
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 Solar Cell Equipment Demand Share Forecast, 2019-2029
10. Latin America Thin Film Solar Cell Equipment 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 Solar Cell Equipment 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 Solar Cell Equipment Market Size and Volume Forecast by Application
10.4.1. CdTe
10.4.2. CIGS
10.4.3. c-Si
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thin Film Solar Cell Equipment Market Size and Volume Forecast by Type
10.7.1. A-Si Technology
10.7.2. CdTe Technology
10.7.3. CIGS Technology
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 Solar Cell Equipment Demand Share Forecast, 2019-2029
11. Europe Thin Film Solar Cell Equipment 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 Solar Cell Equipment 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 Solar Cell Equipment Market Size and Volume Forecast by Application
11.4.1. CdTe
11.4.2. CIGS
11.4.3. c-Si
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thin Film Solar Cell Equipment Market Size and Volume Forecast by Type
11.7.1. A-Si Technology
11.7.2. CdTe Technology
11.7.3. CIGS Technlogy
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 Solar Cell Equipment Demand Share, 2019-2029
12. Asia Pacific Thin Film Solar Cell Equipment 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 Solar Cell Equipment 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 Solar Cell Equipment Market Size and Volume Forecast by Application
12.4.1. CdTe
12.4.2. CIGS
12.4.3. c-Si
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thin Film Solar Cell Equipment Market Size and Volume Forecast by Type
12.7.1. A-Si Technology
12.7.2. CdTe Technology
12.7.3. CIGS Technology
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 Solar Cell Equipment Demand Share, 2019-2029
13. Middle East & Africa Thin Film Solar Cell Equipment 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 Solar Cell Equipment 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 Solar Cell Equipment Market Size and Volume Forecast by Application
13.4.1. CdTe
13.4.2. CIGS
13.4.3. c-Si
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 Solar Cell Equipment Market Size and Volume Forecast by Type
13.7.1. A-Si Technology
13.7.2. CdTe Technology
13.7.3. CIGS Technology
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 Solar Cell Equipment Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Thin Film Solar Cell Equipment Market: Market Share Analysis
14.2. Thin Film Solar Cell Equipment Distributors and Customers
14.3. Thin Film Solar Cell Equipment 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. ULVAC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Apollo Solar
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nanowin
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Veeco
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. XsunX
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jusung
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. GreenSolar
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Anwell
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Beiyi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. STF Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. China Solar Energy
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
