Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Thin-film Solar Cell 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) 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 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) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 157802 3300 Machinery & Equipment 377 238 Pages 4.5 (33)

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.

Global Thin-film Solar Cell Industry Outlook

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


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 Market Report Segments:

The global Thin-film Solar Cell market is segmented on the basis of:


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.


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:

  1. First Solar
  2. Solar Frontier
  3. Sharp Thin Film
  4. MiaSole
  5. NexPower
  6. Stion
  7. Calyxo
  8. Kaneka Solartech
  9. Bangkok Solar
  10. Wurth Solar
  11. Global Solar Energy
  12. Hanergy
  13. ENN Energy Holdings
  14. Topray Solar

Global Thin-film Solar Cell Market Overview

Highlights of The Thin-film Solar Cell 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. CdTe Thin-film Solar Cells
    2. CIS/CIGS Thin-film Solar Cells
    3. a-Si Thin-film Solar Cells
  1. By Application:

    1. Commercial Application
    2. Utility Application
    3. Residential Application
  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 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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Global Thin-film Solar Cell 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?

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 Overview Financials Developments Strategic Outlook
      14.4.2. Solar Frontier Overview Financials Developments Strategic Outlook
      14.4.3. Sharp Thin Film Overview Financials Developments Strategic Outlook
      14.4.4. MiaSole Overview Financials Developments Strategic Outlook
      14.4.5. NexPower Overview Financials Developments Strategic Outlook
      14.4.6. Stion Overview Financials Developments Strategic Outlook
      14.4.7. Calyxo Overview Financials Developments Strategic Outlook
      14.4.8. Kaneka Solartech Overview Financials Developments Strategic Outlook
      14.4.9. Bangkok Solar Overview Financials Developments Strategic Outlook
      14.4.10. Wurth Solar Overview Financials Developments Strategic Outlook
      14.4.11. Global Solar Energy Overview Financials Developments Strategic Outlook
      14.4.12. Hanergy Overview Financials Developments Strategic Outlook
      14.4.13. ENN Energy Holdings Overview Financials Developments Strategic Outlook
      14.4.14. Topray Solar 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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