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Global Thin Film Photovoltaics Market Size study & Forecast, by Type (Cadmium Telluride (CdTe), Amorphous Silicon (a-Si), Copper Indium Gallium Diselenide (CIGS)) by End-Users (Residential, Commercial, Utility) and Regional Analysis, 2022-2029

April 2023 | 200 pages | ID: G34AB496C496EN
Bizwit Research & Consulting LLP

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Global Thin Film Photovoltaics Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. The second generation of solar cells, known as thin-film photovoltaics, are created by depositing one or more thin layers, or thin films, of photovoltaic material over a substrate comprised of plastic, glass, or metal. The major driving factor for the market are favorable policies to adopt renewable energy and growing demand for renewable energy. Moreover, reduction in carbon emission is creating lucrative growth opportunity for the market over the forecast period.

The market in 2020 has witnessed a 3% increase in the usage of renewable energy, while demand for all other fuels has decrease according to International Energy Agency (IEA). The main factor was an increase of roughly 7% in the production of power from renewable sources. Despite decreasing electricity demand, building delays and supply chain issues in many regions of the world, renewable energy growth was supported by long-term contracts, priority access to the floating grid, and continued installation of new plants. As a result, the proportion of renewable energy in the world's electrical generation increased from 27% in 2019 to 29% in 2020. The government of different nations are investing the advancement and construction of thin film photovoltaics which is majorly driving the growth for the market over the forecasted period. Major supportive government policy is to achieve the renewable energy target and achieve the targeted plan according to The World Bank. For instance, U.S. Department of Energy announced on February 5, 2020 that it would contribute USD 130 million toward 55–80 projects under this initiative. However, the high cost of Thin Film Photovoltaics stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Thin Film Photovoltaics Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to growing technological advancement in the region and increasing demand for solar energy in countries such as United States, Canada. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising development of semiconductors in the electronics industry and rising demand for solar energy.

Major market player included in this report are:
MiaSolй
Avancis GmbH
Solar Frontier K.K.
First Solar
Solibro GmbH
Kaneka Corporation
Sharp Electronics Corporation USA
Ascent Solar Technologies, Inc.
Xunlight (Kunshan) Co., Ltd.
TS Solar GmbH

Recent Developments in the Market:
In June 2019, MiaSolй announced improvements to the FLEX-03W solar module that will increase output while significantly reducing weight. With successful applications in off-grid and on-grid settings, the improved device is made to weigh just 5.6 kg and deliver up to 540W.
PowerFLEX+ FG-M1, a 55W thin-film PV module from Global Solar that is more streamlined, flexible, and only a metre long, was released in March 2019. The product is expected to have a wide range of uses in mobile homes and off-grid regions, expanding the company's product line.
Global Thin Film Photovoltaics Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, End-Users, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Cadmium Telluride (CdTe)
Amorphous Silicon (a-Si)
Copper Indium Gallium Diselenide (CIGS)
By End-Users:
Residential
Commercial
Utility

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. Thin Film Photovoltaics Market, by Region, 2019-2029 (USD Billion)
  1.2.2. Thin Film Photovoltaics Market, by Type, 2019-2029 (USD Billion)
  1.2.3. Thin Film Photovoltaics Market, by End-Users, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL THIN FILM PHOTOVOLTAICS MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL THIN FILM PHOTOVOLTAICS MARKET DYNAMICS

3.1. Thin Film Photovoltaics Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Favourable policies to adopt renewable energy
    3.1.1.2. Growing demand for renewable energy
  3.1.2. Market Challenges
    3.1.2.1. High Cost of Thin Film Photovoltaics
  3.1.3. Market Opportunities
    3.1.3.1. Reduction in carbon emission

CHAPTER 4. GLOBAL THIN FILM PHOTOVOLTAICS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL THIN FILM PHOTOVOLTAICS MARKET, BY TYPE

6.1. Market Snapshot
6.2. Global Thin Film Photovoltaics Market by Type, Performance - Potential Analysis
6.3. Global Thin Film Photovoltaics Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Thin Film Photovoltaics Market, Sub Segment Analysis
  6.4.1. Cadmium Telluride (CdTe)
  6.4.2. Amorphous Silicon (a-Si)
  6.4.3. Copper Indium Gallium Diselenide (CIGS)

CHAPTER 7. GLOBAL THIN FILM PHOTOVOLTAICS MARKET, BY END-USERS

7.1. Market Snapshot
7.2. Global Thin Film Photovoltaics Market by End-Users, Performance - Potential Analysis
7.3. Global Thin Film Photovoltaics Market Estimates & Forecasts by End-Users 2019-2029 (USD Billion)
7.4. Thin Film Photovoltaics Market, Sub Segment Analysis
  7.4.1. Residential
  7.4.2. Commercial
  7.4.3. Utility

CHAPTER 8. GLOBAL THIN FILM PHOTOVOLTAICS MARKET, REGIONAL ANALYSIS

8.1. Thin Film Photovoltaics Market, Regional Market Snapshot
8.2. North America Thin Film Photovoltaics Market
  8.2.1. U.S. Thin Film Photovoltaics Market
    8.2.1.1. Type breakdown estimates & forecasts, 2019-2029
    8.2.1.2. End-Users breakdown estimates & forecasts, 2019-2029
  8.2.2. Canada Thin Film Photovoltaics Market
8.3. Europe Thin Film Photovoltaics Market Snapshot
  8.3.1. U.K. Thin Film Photovoltaics Market
  8.3.2. Germany Thin Film Photovoltaics Market
  8.3.3. France Thin Film Photovoltaics Market
  8.3.4. Spain Thin Film Photovoltaics Market
  8.3.5. Italy Thin Film Photovoltaics Market
  8.3.6. Rest of Europe Thin Film Photovoltaics Market
8.4. Asia-Pacific Thin Film Photovoltaics Market Snapshot
  8.4.1. China Thin Film Photovoltaics Market
  8.4.2. India Thin Film Photovoltaics Market
  8.4.3. Japan Thin Film Photovoltaics Market
  8.4.4. Australia Thin Film Photovoltaics Market
  8.4.5. South Korea Thin Film Photovoltaics Market
  8.4.6. Rest of Asia Pacific Thin Film Photovoltaics Market
8.5. Latin America Thin Film Photovoltaics Market Snapshot
  8.5.1. Brazil Thin Film Photovoltaics Market
  8.5.2. Mexico Thin Film Photovoltaics Market
8.6. Rest of The World Thin Film Photovoltaics Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Top Market Strategies
9.2. Company Profiles
  9.2.1. MiaSolй
    9.2.1.1. Key Information
    9.2.1.2. Overview
    9.2.1.3. Financial (Subject to Data Availability)
    9.2.1.4. Product Summary
    9.2.1.5. Recent Developments
  9.2.2. Avancis GmbH
  9.2.3. Solar Frontier K.K.
  9.2.4. First Solar
  9.2.5. Solibro GmbH
  9.2.6. Kaneka Corporation
  9.2.7. Sharp Electronics Corporation USA
  9.2.8. Ascent Solar Technologies, Inc.
  9.2.9. Xunlight (Kunshan) Co., Ltd.
  9.2.10. TS Solar GmbH

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Thin Film Photovoltaics Market, report scope
TABLE 2. Global Thin Film Photovoltaics Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Thin Film Photovoltaics Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 4. Global Thin Film Photovoltaics Market estimates & forecasts by End-Users 2019-2029 (USD Billion)
TABLE 5. Global Thin Film Photovoltaics Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 6. Global Thin Film Photovoltaics Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Thin Film Photovoltaics Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Thin Film Photovoltaics Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Thin Film Photovoltaics Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Thin Film Photovoltaics Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Thin Film Photovoltaics Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Thin Film Photovoltaics Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Thin Film Photovoltaics Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Thin Film Photovoltaics Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. U.S. Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 17. U.S. Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. Canada Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 19. Canada Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. Canada Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. UK Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 22. UK Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. UK Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. Germany Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 25. Germany Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. Germany Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. France Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 28. France Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. France Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. Italy Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 31. Italy Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Italy Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Spain Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 34. Spain Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. Spain Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. RoE Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 37. RoE Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. RoE Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. China Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 40. China Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. China Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. India Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 43. India Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. India Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. Japan Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 46. Japan Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. Japan Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. South Korea Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 49. South Korea Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. South Korea Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. Australia Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 52. Australia Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. Australia Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. RoAPAC Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 55. RoAPAC Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. RoAPAC Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. Brazil Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 58. Brazil Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Brazil Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Mexico Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 61. Mexico Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Mexico Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. RoLA Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 64. RoLA Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. RoLA Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. Row Thin Film Photovoltaics Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 67. Row Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. Row Thin Film Photovoltaics Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Thin Film Photovoltaics Market
TABLE 70. List of primary sources, used in the study of global Thin Film Photovoltaics Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Thin Film Photovoltaics Market, research methodology
FIG 2. Global Thin Film Photovoltaics Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Thin Film Photovoltaics Market, key trends 2021
FIG 5. Global Thin Film Photovoltaics Market, growth prospects 2022-2029
FIG 6. Global Thin Film Photovoltaics Market, porters 5 force model
FIG 7. Global Thin Film Photovoltaics Market, pest analysis
FIG 8. Global Thin Film Photovoltaics Market, value chain analysis
FIG 9. Global Thin Film Photovoltaics Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Thin Film Photovoltaics Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Thin Film Photovoltaics Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Thin Film Photovoltaics Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Thin Film Photovoltaics Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Thin Film Photovoltaics Market, regional snapshot 2019 & 2029
FIG 15. North America Thin Film Photovoltaics Market 2019 & 2029 (USD Billion)
FIG 16. Europe Thin Film Photovoltaics Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Thin Film Photovoltaics Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Thin Film Photovoltaics Market 2019 & 2029 (USD Billion)
FIG 19. Global Thin Film Photovoltaics Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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