Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Thin Film Solar Cell Equipment Market by Type (A-Si Technology, CdTe Technology, CIGS Technology), By Application (CdTe, CIGS, c-Si) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Thin Film Solar Cell Equipment Market by Type (A-Si Technology, CdTe Technology, CIGS Technology), By Application (CdTe, CIGS, c-Si) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 138257 3300 Machinery & Equipment 377 239 Pages 4.6 (44)

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.

Global Thin Film Solar Cell Equipment Industry Outlook

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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. First Solar
  2. ULVAC
  3. Apollo Solar
  4. Nanowin
  5. Veeco
  6. XsunX
  7. Jusung
  8. GreenSolar
  9. Anwell
  10. Beiyi
  11. STF Group
  12. China Solar Energy

Global Thin Film Solar Cell Equipment Market Overview

Highlights of The Thin Film Solar Cell Equipment Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. A-Si Technology
    2. CdTe Technology
    3. CIGS Technology
  1. By Application:

    1. CdTe
    2. CIGS
    3. c-Si
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Thin Film Solar Cell Equipment Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. ULVAC Overview Financials Developments Strategic Outlook
      14.4.3. Apollo Solar Overview Financials Developments Strategic Outlook
      14.4.4. Nanowin Overview Financials Developments Strategic Outlook
      14.4.5. Veeco Overview Financials Developments Strategic Outlook
      14.4.6. XsunX Overview Financials Developments Strategic Outlook
      14.4.7. Jusung Overview Financials Developments Strategic Outlook
      14.4.8. GreenSolar Overview Financials Developments Strategic Outlook
      14.4.9. Anwell Overview Financials Developments Strategic Outlook
      14.4.10. Beiyi Overview Financials Developments Strategic Outlook
      14.4.11. STF Group Overview Financials Developments Strategic Outlook
      14.4.12. China Solar Energy Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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