Market Scenario
Global Thin Film Solar Cells Market was valued US$ 16.3 Bn in 2017 and is projected to reach US$ 42.8 Bn by 2026 at a CAGR of 12.8 % during the forecast.
Global thin film solar cells market is segmented by product, by end use, and by region. Based on product, thin-film solar cells market is segmented into cadmium telluride (CdTe), copper indium gallium diselenide (CIGS), and amorphous thin-film silicon. Residential, commercial, and utility are end users of thin film solar cells market. Geographically, thin film solar cells market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Increase in awareness toward boosting green energy, a rise in energy consumption, rapid installation flexibility, and cost & performance efficiency of thin film solar cell drives global thin film solar cells market. Reducing renewable tariff subjected to increasing competitive demand may positively influence industry growth. Increasing electricity demand mainly from rural area among developing countries coupled with regulatory measures toward energy conservation will accelerate the thin film solar cells market. Reducing renewable tariff subjected to increasing competitive bidding may positively impact market growth. High initial manufacturing cost and technological complexity concerned with the use of thin-film solar cells are predicted to hamper the market growth.
Global Thin Film Solar Cells Market
CIGS technology is gaining more popularity than other thin-film technologies. CIGS cells offer high efficiency and combined advantages of both c-Si, which claim potential advantages on cost, flexibility, weight, and manufacture ability and cheaper manufacturing process. A lot of venture capitalist firms are investing in CIGS technology, CIGS segment is expected to capture the maximum share in the thin film module market.
Commercial thin film solar cells dominated the market in 2017 and in term of a volume is anticipated to witness growth over 15% by 2026. Growing demand for uninterrupted power supply from rural or developing areas will favor the industry growth. There has been increased in production plant manufacturing commercial thin-film solar cells. Worldwide, about 34 companies are actively developing thin-film PV technologies.
In 2017, Europe dominated the thin film solar cell market, in terms of both value and volume. Middle East & Africa is expected to witness the highest growth rate during forecast, owing to the continual occurrence of solar radiation and high use of renewable energy due to the extensive use of hydropower.
Oxford Photovoltaics, Hankey Asia Ltd., Global Solar, Inc., Xunlight Kunshan Co. Ltd., Kaneka Corporation, First Solar, Ascent Solar Technologies Inc., MiaSole Hi-Tech Corp., Trony Solar, and Mitsubishi Electric US, Inc. are major players in thin film solar cell market.
Scope of the Global Thin Film Solar Cell Market
Global Thin Film Solar Cell Market by Type:
• Cadmium Telluride
• Copper Indium Gallium Diselenide
• Amorphous Thin-film Silicone
Global Thin Film Solar Cell Market by End User:
• Residential
• Commercial
• Utility
Key Player analysed in Global Thin Film Solar Cell Market:
• Oxford Photovoltaics
• Hankey Asia Ltd.
• Global Solar, Inc.
• Xunlight Kunshan Co. Ltd.
• Kaneka Corporation
• First Solar
• Ascent Solar Technologies Inc.
• MiaSole Hi-Tech Corp.
• Trony Solar
• Mitsubishi Electric US, Inc.
• United Solar, Inc.
• Solar Frontier K.K.
• Solopower Systems
• General Electric
• Sharp Corporation
• XsunX Inc.
Table of Contents
Global Thin Film Solar Cells Market
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology
3. Executive Summary
3.1. Global Thin Film Solar Cell Market Size, By Market Value (US$ Mn) and Market, By Region
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.3. Drivers and Restraints Snapshot Analysis
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.3.4. Porter’s Analysis
4.3.5. Value Chain Analysis
4.3.6. SWOT Analysis
4.3.7. Key Trend in Global Thin Film Solar Cells Market
5. Global Thin Film Solar Cell Market Analysis and Forecast
5.1. Global Thin Film Solar Cell Market Analysis and Forecast
5.2. Global Thin Film Solar Cell Market Size & Y-o-Y Growth Analysis
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Middle East & Africa
5.2.5. Latin America
6. Global Thin Film Solar Cell Market Analysis and Forecast, By Product Type
6.1. Introduction and Definition
6.2. Key Findings
6.3. Global Thin Film Solar Cell Market Value Share Analysis, By Product Type
6.4. Global Thin Film Solar Cell Market Size (US$ Mn) Forecast, By Product Type
6.5. Global Thin Film Solar Cell Market Analysis, By Product Type
6.6. Global Thin Film Solar Cell Market Attractiveness Analysis, By Product Type
7. Global Thin Film Solar Cell Market Analysis and Forecast, By End Use Type
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Thin Film Solar Cell Market Value Share Analysis, By End Use Type
7.4. Global Thin Film Solar Cell Market Size (US$ Mn) Forecast, By End Use Type
7.5. Global Thin Film Solar Cell Market Analysis, By End Use Type
7.6. Global Thin Film Solar Cell Market Attractiveness Analysis, By End Use Type
8. Global Thin Film Solar Cell Market Analysis, By Region
8.1. Key Findings
8.2. Global Thin Film Solar Cell Market Value Share Analysis, By Region
8.3. Global Thin Film Solar Cell Market Size (US$ Mn) Forecast, By Region
8.4. Global Thin Film Solar Cell Market Analysis, By Region
8.5. Global Thin Film Solar Cell Market Attractiveness Analysis, By Region
9. North America Thin Film Solar Cell Market Analysis
9.1. North America Thin Film Solar Cell Market Overview
9.2. North America Thin Film Solar Cell Market Value Share Analysis, By Product Type
9.3. North America Thin Film Solar Cell Market Forecast, By Product Type
9.3.1. Cadmium Telluride
9.3.2. Copper Indium Gallium Diselenide
9.3.3. Amorphous Thin-film Silicone
9.4. North America Thin Film Solar Cell Market Value Share Analysis, By End Use Type
9.5. North America Thin Film Solar Cell Market Forecast, By End Use Type
9.5.1. Residential
9.5.2. Commercial
9.5.3. Utility-Scale
9.6. North America Thin Film Solar Cell Market Value Share Analysis, By Country
9.7. North America Thin Film Solar Cell Market Forecast, By Country
9.7.1. U.S.
9.7.2. Canada.
9.8. U.S. Thin Film Solar Cell Market Forecast, By Product Type
9.8.1. Cadmium Telluride
9.8.2. Copper Indium Gallium Diselenide
9.8.3. Amorphous Thin-film Silicone
9.9. U.S. Thin Film Solar Cell Market Forecast, By End Use Type
9.9.1. Residential
9.9.2. Commercial
9.9.3. Utility-Scale
9.10. Canada Thin Film Solar Cell Market Forecast, By Product Type
9.10.1. Cadmium Telluride
9.10.2. Copper Indium Gallium Diselenide
9.10.3. Amorphous Thin-film Silicone
9.11. Canada Thin Film Solar Cell Market Forecast, By End Use Type
9.11.1. Residential
9.11.2. Commercial
9.11.3. Utility-Scale
9.12. North America Thin Film Solar Cell Market Attractiveness Analysis
9.12.1. By Product Type
9.12.2. By End Use Type
9.13. PEST Analysis
10. Europe Thin Film Solar Cell Market Analysis
10.1. Key Findings
10.2. Europe Thin Film Solar Cell Market Overview By Product Type
10.3. Europe Thin Film Solar Cell Market Value Share Analysis, By Product Type
10.4. Europe Thin Film Solar Cell Market Forecast, By Product Type
10.4.1. Cadmium Telluride
10.4.2. Copper Indium Gallium Diselenide
10.4.3. Amorphous Thin-film Silicone
10.5. Europe Thin Film Solar Cell Market Value Share Analysis, By End Use Type
10.6. Europe Thin Film Solar Cell Market Forecast, By End Use Type
10.6.1. Residential
10.6.2. Commercial
10.6.3. Utility-Scale
10.7. Europe Thin Film Solar Cell Market Forecast, By Country
10.7.1. Germany
10.7.2. U.K.
10.7.3. France
10.7.4. Italy
10.7.5. Spain
10.7.6. Rest of Europe
10.8. Europe Thin Film Solar Cell Market Analysis, By Country/ Sub-region
10.9. Germany Thin Film Solar Cell Market Forecast, By Product Type
10.9.1. Cadmium Telluride
10.9.2. Copper Indium Gallium Diselenide
10.9.3. Amorphous Thin-film Silicon
10.10. Germany Thin Film Solar Cell Market Forecast, By End Use Type
10.10.1. Residential
10.10.2. Commercial
10.10.3. Utility-Scale
10.11. U.K. Thin Film Solar Cell Market Forecast, By Product Type
10.11.1. Cadmium Telluride
10.11.2. Copper Indium Gallium Diselenide
10.11.3. Amorphous Thin-film Silicone
10.12. U.K. Thin Film Solar Cell Market Forecast, By End Use Type
10.12.1. Residential
10.12.2. Commercial
10.12.3. Utility-Scale
10.13. France Thin Film Solar Cell Market Forecast, By Product Type
10.13.1. Cadmium Telluride
10.13.2. Copper Indium Gallium Diselenide
10.13.3. Amorphous Thin-film Silicone
10.14. France Thin Film Solar Cell Market Forecast, By End Use Type
10.14.1. Residential
10.14.2. Commercial
10.14.3. Utility-Scale
10.15. Italy Thin Film Solar Cell Market Forecast, By Product Type
10.15.1. Cadmium Telluride
10.15.2. Copper Indium Gallium Diselenide
10.15.3. Amorphous Thin-film Silicone
10.16. Italy Thin Film Solar Cell Market Forecast, By End Use Type
10.16.1. Residential
10.16.2. Commercial
10.16.3. Utility-Scale
10.17. Spain Thin Film Solar Cell Market Forecast, By Product Type
10.17.1. Cadmium Telluride
10.17.2. Copper Indium Gallium Diselenide
10.17.3. Amorphous Thin-film Silicone
10.18. Spain Thin Film Solar Cell Market Forecast, By End Use Type
10.18.1. Residential
10.18.2. Commercial
10.18.3. Utility-Scale
10.19. Rest of Europe Thin Film Solar Cell Market Forecast, By Product Type
10.19.1. Cadmium Telluride
10.19.2. Copper Indium Gallium Diselenide
10.19.3. Amorphous Thin-film Silicone
10.20. Rest of Europe Thin Film Solar Cell Market Forecast, By End Use
10.20.1. Residential
10.20.2. Commercial
10.20.3. Utility-Scale
10.21. Europe Thin Film Solar Cell Market Attractiveness Analysis
10.21.1. By Product Type
10.21.2. By End Use Type
10.22. PEST Analysis
11. Asia Pacific Thin Film Solar Cell Market Analysis
11.1. Key Findings
11.2. Asia Pacific Thin Film Solar Cell Market Overview
11.3. Asia Pacific Thin Film Solar Cell Market Value Share Analysis, By Product Type
11.4. Asia Pacific Thin Film Solar Cell Market Forecast, By Product Type
11.4.1. Cadmium Telluride
11.4.2. Copper Indium Gallium Diselenide
11.4.3. Amorphous Thin-film Silicone
11.5. Asia Pacific Thin Film Solar Cell Market Value Share Analysis, By End Use Type
11.6. Asia Pacific Thin Film Solar Cell Market Forecast, By End Use Type
11.6.1. Residential
11.6.2. Commercial
11.6.3. Utility-Scale
11.7. Asia Pacific Thin Film Solar Cell Market Value Share Analysis, By Country
11.8. Asia Pacific Thin Film Solar Cell Market Forecast, By Country
11.8.1. China.
11.8.2. India.
11.8.3. Japan.
11.8.4. ASEAN.
11.8.5. Rest of Asia Pacific.
11.9. Asia Pacific Thin Film Solar Cell Market Analysis, By Country/ Sub-region
11.10. China Thin Film Solar Cell Market Forecast, By Product Type
11.10.1. Cadmium Telluride
11.10.2. Copper Indium Gallium Diselenide
11.10.3. Amorphous Thin-film Silicone
11.11. China Thin Film Solar Cell Market Forecast, By End Use Type
11.11.1. Residential
11.11.2. Commercial
11.11.3. Utility-Scale
11.12. India Thin Film Solar Cell Market Forecast, By End Use Type
11.12.1. Residential
11.12.2. Commercial
11.12.3. Utility-Scale
11.13. India Thin Film Solar Cell Market Forecast, By Product Type
11.13.1. Cadmium Telluride
11.13.2. Copper Indium Gallium Diselenide
11.13.3. Amorphous Thin-film Silicone
11.14. Japan Thin Film Solar Cell Market Forecast, By End Use Type
11.14.1. Residential
11.14.2. Commercial
11.14.3. Utility-Scale
11.15. Japan Thin Film Solar Cell Market Forecast, By Product Type
11.15.1. Cadmium Telluride
11.15.2. Copper Indium Gallium Diselenide
11.15.3. Amorphous Thin-film Silicone
11.16. ASEAN Thin Film Solar Cell Market Forecast, By Product Type
11.16.1. Cadmium Telluride
11.16.2. Copper Indium Gallium Diselenide
11.16.3. Amorphous Thin-film Silicone
11.17. ASEAN Thin Film Solar Cell Market Forecast, By End Use Type
11.17.1. Residential
11.17.2. Commercial
11.17.3. Utility-Scale
11.18. Rest of Asia Pacific Thin Film Solar Cell Market Forecast, By Product Type
11.18.1. Cadmium Telluride
11.18.2. Copper Indium Gallium Diselenide
11.18.3. Amorphous Thin-film Silicone
11.19. Rest of Asia Pacific Thin Film Solar Cell Market Forecast, By End Use Type
11.19.1. Residential
11.19.2. Commercial
11.19.3. Utility-Scale
11.20. Asia Pacific Thin Film Solar Cell Market Attractiveness Analysis
11.20.1. By Product Type
11.20.2. By End Use Type
11.21. PEST Analysis
12. Middle East & Africa Thin Film Solar Cell Market Analysis
12.1. Key Findings
12.2. Middle East & Africa Thin Film Solar Cell Market Overview
12.3. Middle East & Africa Thin Film Solar Cell Market Value Share Analysis, By Product Type
12.4. Middle East & Africa Thin Film Solar Cell Market Forecast, By Product Type
12.4.1. Cadmium Telluride
12.4.2. Copper Indium Gallium Diselenide
12.4.3. Amorphous Thin-film Silicone
12.5. Middle East & Africa Thin Film Solar Cell Market Value Share Analysis, By End Use Type
12.6. Middle East & Africa Thin Film Solar Cell Market Forecast, By End Use Type
12.6.1. Residential
12.6.2. Commercial
12.6.3. Utility-Scale
12.7. Middle East & Africa Thin Film Solar Cell Market Value Share Analysis, By Country
12.8. Middle East & Africa Thin Film Solar Cell Market Forecast, By Country
12.8.1. GCC.
12.8.2. South Africa.
12.8.3. Rest of Middle East & Africa.
12.9. Middle East & Africa Thin Film Solar Cell Market Analysis, By Country/ Sub-region
12.10. GCC Thin Film Solar Cell Market Forecast, By Product Type
12.10.1. Cadmium Telluride
12.10.2. Copper Indium Gallium Diselenide
12.10.3. Amorphous Thin-film Silicone
12.11. GCC Thin Film Solar Cell Market Forecast, By End Use Type
12.11.1. Residential
12.11.2. Commercial
12.11.3. Utility-Scale
12.12. South Africa Thin Film Solar Cell Market Forecast, By Product Type
12.12.1. Cadmium Telluride
12.12.2. Copper Indium Gallium Diselenide
12.12.3. Amorphous Thin-film Silicone
12.13. South Africa Thin Film Solar Cell Market Forecast, By End Use Type
12.13.1. Residential
12.13.2. Commercial
12.13.3. Utility-Scale
12.14. Rest of Middle East & Africa Thin Film Solar Cell Market Forecast, By Product Type
12.14.1. Cadmium Telluride
12.14.2. Copper Indium Gallium Diselenide
12.14.3. Amorphous Thin-film Silicone
12.15. Rest of Middle East & Africa Thin Film Solar Cell Market Forecast, By End Use Type
12.15.1. Residential
12.15.2. Commercial
12.15.3. Utility-Scale
12.16. Middle East & Africa Thin Film Solar Cell Market Attractiveness Analysis
12.16.1. By Product Type
12.16.2. By End Use Type
12.17. PEST Analysis
13. Latin America Thin Film Solar Cell Market Analysis
13.1. Key Findings
13.2. Latin America Thin Film Solar Cell Market Overview
13.3. Latin America Thin Film Solar Cell Market Value Share Analysis, By Product Type
13.4. Latin America Thin Film Solar Cell Market Forecast, By Product Type
13.4.1. Cadmium Telluride
13.4.2. Copper Indium Gallium Diselenide
13.4.3. Amorphous Thin-film Silicone
13.5. Latin America Thin Film Solar Cell Market Value Share Analysis, By Product Type
13.6. Latin America Thin Film Solar Cell Market Forecast, By Product Type
13.6.1. Residential
13.6.2. Commercial
13.6.3. Utility-Scale
13.7. Latin America Thin Film Solar Cell Market Value Share Analysis, By Country
13.8. Latin America Thin Film Solar Cell Market Forecast, By Country
13.8.1. Brazil.
13.8.2. Mexico.
13.8.3. Rest of Latin America.
13.9. Latin America Thin Film Solar Cell Market Analysis, By Country/ Sub-region
13.10. Brazil Thin Film Solar Cell Market Forecast, By Product Type
13.10.1. Cadmium Telluride
13.10.2. Copper Indium Gallium Diselenide
13.10.3. Amorphous Thin-film Silicone
13.11. Brazil Thin Film Solar Cell Market Forecast, By End Use Type
13.11.1. Residential
13.11.2. Commercial
13.11.3. Utility-Scale
13.12. Mexico Thin Film Solar Cell Market Forecast, By Product Type
13.12.1. Cadmium Telluride
13.12.2. Copper Indium Gallium Diselenide
13.12.3. Amorphous Thin-film Silicone
13.13. Mexico Thin Film Solar Cell Market Forecast, By End Use Type
13.13.1. Residential
13.13.2. Commercial
13.13.3. Utility-Scale
13.14. Rest of Latin America Thin Film Solar Cell Market Forecast, By Product Type
13.14.1. Agriculture
13.14.2. Copper Indium Gallium Diselenide
13.14.3. Amorphous Thin-film Silicone
13.15. Latin America Thin Film Solar Cell Market Attractiveness Analysis
13.15.1. By Product Type
13.15.2. By End Use Type
13.16. PEST Analysis
14. Company Profiles
14.1. Market Share Analysis, By Company
14.2. Competition Matrix
14.3. Company Profiles: Key Player
14.4. Global Solar, Inc.
14.4.1. Company Overview
14.4.2. Financial Overview
14.4.3. Business Strategy
14.4.4. Recent Developments
14.4.5. Manufacturing Footprint
14.5. Oxford Photovoltaics
14.6. Hankey Asia Ltd.
14.7. Xunlight Kunshan Co. Ltd.
14.8. Kaneka Corporation
14.9. First Solar
14.10. Ascent Solar Technologies Inc.
14.11. MiaSole Hi-Tech Corp.
14.12. Trony Solar
14.13. Mitsubishi Electric US, Inc.
14.14. United Solar, Inc.
14.15. Solar Frontier K.K.
14.16. Solopower Systems
14.17. General Electric
14.18. Sharp Corporation
14.19. XsunX Inc.
15. Primary Key Insights
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