Market Overview:
The global thin-film solar cell market is expected to grow at a CAGR of over 15% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for clean and renewable energy sources across the globe. Thin-film solar cells are made of materials that are much thinner than traditional silicon wafers used in solar cells. This makes them lighter and easier to install, which is driving their adoption in commercial and residential applications. In addition, thin-film solar cells are more affordable than traditional silicon-based solar cells, making them an attractive option for utility applications. Geographically, North America is expected to lead the global thin-film solar cell market during the forecast period followed by Europe and Asia Pacific. The growth in these regions can be attributed to rising awareness about clean energy sources among consumers as well as government initiatives aimed at promoting renewable energy sources.
Product Definition:
A thin-film solar cell is a solar cell made by depositing one or more thin layers, or films, of photovoltaic material on a substrate. Thin-film solar cells are commercially available in a range of colors and shapes. The use of multiple thin layers increases the total power output and allows for the fabrication of very lightweight and flexible solar modules.
CdTe Thin-film Solar Cells:
Cadmium telluride (CdTe) thin-film solar cells are one of the latest innovations in the renewable energy sector. Thin-film solar cells are made from cadmium telluride and have a composition that allows them to absorb sunlight at a higher efficiency as compared to conventional silicon or glass based solar panels.
CIS/CIGS Thin-film Solar Cells:
CIS/CIGS thin-film solar cells are crystalline silicon cells that are produced using amorphous silica and gallium tin as a source of energy. These types of solar cell have an efficiency rating between 0.3% to 1.2%. The major advantage associated with these type of solar cell is that they can be manufactured at low cost which makes them suitable for mass production, thus resulting in competitive pricing in the market place.
Application Insights:
The utility application segment accounted for the largest share of over 70% in 2017. The rising demand for clean energy owing to rapid urbanization, increasing electricity costs, and stringent regulations regarding greenhouse gas emissions is expected to be a major factor driving the utility application segment over the forecast period.
The commercial sector comprises government-sponsored programs and initiatives that aim at promoting renewable sources of energy including solar power. For instance, in 2015 Italy¢â‚¬â„¢s Prime Minister Matteo Renzi announced plans to invest USD 40 billion on renewable sources of energy such as wind and sun by 2030 which is expected to drive demand for thin-film cells across various applications in this sector.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of solar power plants under construction, which are expected to be operational by 2018. China accounted for more than 50% of total installations in 2017 owing to presence of supportive government policies and financial incentives offered by the Chinese government.
The European Commission announced Horizon 2020 Strategy in 2007 with an aim to reduce greenhouse gas emissions through sustainable energy supply, which is anticipated to propel thin-film solar cell demand over the next eight years. In addition, growing renewable energy capacity has resulted in high product demand across Europe since 2016; this trend is projected to continue over the forecast period as a result of increasing investments across various countries including Spain, Portugal among others (European Commission).
Growth Factors:
- Increasing demand for renewable energy sources: Thin-film solar cells are one of the most efficient and environment-friendly ways to convert sunlight into electrical energy. This is driving the demand for thin-film solar cells, thereby boosting the market growth.
- Government initiatives and subsidies: Governments across the globe are promoting the use of renewable energy sources, which is aiding in the growth of thin-film solar cell market. In addition, various subsidies offered by governments are also aiding in market growth.
- Reduction in cost of production: The cost of producing thin film solar cells has been declining over time due to technological advancements and economies of scale achieved by key players operating in this market space. This is resulting in an increase in their adoption, thereby propelling market growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thin-film Solar Cell Market Research Report
By Type
CdTe Thin-film Solar Cells, CIS/CIGS Thin-film Solar Cells, a-Si Thin-film Solar Cells
By Application
Commercial Application, Utility Application, Residential Application
By Companies
First Solar, Solar Frontier, Sharp Thin Film, MiaSole, NexPower, Stion, Calyxo, Kaneka Solartech, Bangkok Solar, Wurth Solar, Global Solar Energy, Hanergy, ENN Energy Holdings, Topray Solar
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Thin-film Solar Cell Market Report Segments:
The global Thin-film Solar Cell market is segmented on the basis of:
Types
CdTe Thin-film Solar Cells, CIS/CIGS Thin-film Solar Cells, a-Si Thin-film Solar Cells
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
Commercial Application, Utility Application, Residential Application
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
- Solar Frontier
- Sharp Thin Film
- MiaSole
- NexPower
- Stion
- Calyxo
- Kaneka Solartech
- Bangkok Solar
- Wurth Solar
- Global Solar Energy
- Hanergy
- ENN Energy Holdings
- Topray Solar
Highlights of The Thin-film Solar Cell 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:
- CdTe Thin-film Solar Cells
- CIS/CIGS Thin-film Solar Cells
- a-Si Thin-film Solar Cells
- By Application:
- Commercial Application
- Utility Application
- Residential Application
- 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 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?
A thin-film solar cell is a type of solar cell that uses a film of light-sensitive material to convert sunlight into electricity. Thin films are typically less expensive to produce than traditional cells, and they can be integrated more easily into devices such as smartphones and laptops.
Some of the major players in the thin-film solar cell market are First Solar, Solar Frontier, Sharp Thin Film, MiaSole, NexPower, Stion, Calyxo, Kaneka Solartech, Bangkok Solar, Wurth Solar, Global Solar Energy, Hanergy, ENN Energy Holdings, Topray Solar.
The thin-film solar cell market is expected to register a CAGR of 15%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thin-film Solar Cell 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 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 Market - Supply Chain
4.5. Global Thin-film Solar Cell Market Forecast
4.5.1. Thin-film Solar Cell Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thin-film Solar Cell Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thin-film Solar Cell Market Absolute $ Opportunity
5. Global Thin-film Solar Cell 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 Market Size and Volume Forecast by Type
5.3.1. CdTe Thin-film Solar Cells
5.3.2. CIS/CIGS Thin-film Solar Cells
5.3.3. a-Si Thin-film Solar Cells
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thin-film Solar Cell 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 Market Size and Volume Forecast by Application
6.3.1. Commercial Application
6.3.2. Utility Application
6.3.3. Residential Application
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thin-film Solar Cell 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 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 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 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 Demand Share Forecast, 2019-2026
9. North America Thin-film Solar Cell 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 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 Market Size and Volume Forecast by Application
9.4.1. Commercial Application
9.4.2. Utility Application
9.4.3. Residential Application
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 Market Size and Volume Forecast by Type
9.7.1. CdTe Thin-film Solar Cells
9.7.2. CIS/CIGS Thin-film Solar Cells
9.7.3. a-Si Thin-film Solar Cells
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 Demand Share Forecast, 2019-2026
10. Latin America Thin-film Solar Cell 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 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 Market Size and Volume Forecast by Application
10.4.1. Commercial Application
10.4.2. Utility Application
10.4.3. Residential Application
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 Market Size and Volume Forecast by Type
10.7.1. CdTe Thin-film Solar Cells
10.7.2. CIS/CIGS Thin-film Solar Cells
10.7.3. a-Si Thin-film Solar Cells
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 Demand Share Forecast, 2019-2026
11. Europe Thin-film Solar Cell 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 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 Market Size and Volume Forecast by Application
11.4.1. Commercial Application
11.4.2. Utility Application
11.4.3. Residential Application
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 Market Size and Volume Forecast by Type
11.7.1. CdTe Thin-film Solar Cells
11.7.2. CIS/CIGS Thin-film Solar Cells
11.7.3. a-Si Thin-film Solar Cells
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 Demand Share, 2019-2026
12. Asia Pacific Thin-film Solar Cell 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 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 Market Size and Volume Forecast by Application
12.4.1. Commercial Application
12.4.2. Utility Application
12.4.3. Residential Application
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 Market Size and Volume Forecast by Type
12.7.1. CdTe Thin-film Solar Cells
12.7.2. CIS/CIGS Thin-film Solar Cells
12.7.3. a-Si Thin-film Solar Cells
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 Demand Share, 2019-2026
13. Middle East & Africa Thin-film Solar Cell 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 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 Market Size and Volume Forecast by Application
13.4.1. Commercial Application
13.4.2. Utility Application
13.4.3. Residential Application
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 Market Size and Volume Forecast by Type
13.7.1. CdTe Thin-film Solar Cells
13.7.2. CIS/CIGS Thin-film Solar Cells
13.7.3. a-Si Thin-film Solar Cells
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 Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thin-film Solar Cell Market: Market Share Analysis
14.2. Thin-film Solar Cell Distributors and Customers
14.3. Thin-film Solar Cell 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. Solar Frontier
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sharp Thin Film
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MiaSole
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NexPower
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Stion
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Calyxo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kaneka Solartech
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bangkok Solar
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Wurth Solar
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Global Solar Energy
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hanergy
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ENN Energy Holdings
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Topray Solar
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
