[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Thin Film Solar Cell Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

October 2023 | 149 pages | ID: TC4C760D815FEN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Market Overview:

The global thin film solar cell market size reached US$ 14.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.2 Billion by 2028, exhibiting a growth rate (CAGR) of 12.3% during 2023-2028.

A thin film solar cell (TFSC) is a renewable energy device designed to convert light energy into electrical energy. It is produced by depositing one or more thin layers of photovoltaic materials on substrates, such as glass, plastic, and metal. Cadmium telluride (CdTe), amorphous silicon (a-Si), copper indium gallium selenide (CIGS), and gallium arsenide (GaAs) are some commonly used photovoltaic materials in TFSC. It is widely used in electronic powering circuits, home light applications, solar fields, rooftop installations, recreational vehicles, and camping. As compared to conventional photovoltaic cells, TFSC is more lightweight, cost-effective, and provides enhanced flexibility for wide-ranging applications. It also offers larger area modules, shorter energy payback periods, lower material consumption, monolithic integration, and tuneable material properties.

Thin Film Solar Cell Market Trends:

The increasing adoption of renewable energy sources due to the rising environmental concerns among the masses across the globe is creating a positive outlook for the market. A TFSC is a sustainable, renewable, clean, and reliable energy source that generates power without creating noise pollution or producing toxic and greenhouse gases (GHG). In addition, the rising demand for solar-powered light on road dividers and streets is acting as another growth-inducing factor. Furthermore, widespread product adoption due to the rising energy consumption, coupled with increasing electricity prices, is providing an impetus to the market growth. Additionally, extensive research and development (R&D) activities in anti-reflective coatings, surface texturing, plasmonic light capture, and optimizing solar cell materials to enhance the efficiency and absorption capabilities of TFSC are providing an impetus to the market growth. Moreover, the integration of nanotechnology that provides an improved optical path for absorption, reduces recombination losses, and offers design flexibility is positively influencing the market growth. Other factors, including increasing initiatives by several governments toward sustainable development, decreasing dependence on fossil fuels, and recent technological advancements to reduce production costs, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global thin film solar cell market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, installation and end user.

Breakup by Type:

Cadmium Telluride

Amorphous Thin-Film Silicon

Copper Indium Gallium Selenide

Microcrystalline Tandem Cells

Thin-Film Polycrystalline Silicon

Others

Breakup by Installation:

On-Grid

Off-Grid

Breakup by End User:

Residential

Commercial

Utility

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Ascent Solar Technologies Inc., First Solar Inc., Flisom, Hanergy Thin Film Power EME B.V., Kaneka Corporation, Miasole (Hanergy Holding Group Ltd.), Oxford Photovoltaics Limited, Trony Solar Holdings Company Limited and Wuxi Suntech Power Co. Ltd.

Key Questions Answered in This Report

1. What was the size of the global thin film solar cell market in 2022?

2. What is the expected growth rate of the global thin film solar cell market during 2023-2028?

3. What are the key factors driving the global thin film solar cell market?

4. What has been the impact of COVID-19 on the global thin film solar cell market?

5. What is the breakup of the global thin film solar cell market based on the type?

6. What is the breakup of the global thin film solar cell market based on the installation?

7. What is the breakup of the global thin film solar cell market based on the end user?

8. What are the key regions in the global thin film solar cell market?

9. Who are the key players/companies in the global thin film solar cell market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL THIN FILM SOLAR CELL MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Cadmium Telluride
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Amorphous Thin-Film Silicon
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Copper Indium Gallium Selenide
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Microcrystalline Tandem Cells
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Thin-Film Polycrystalline Silicon
  6.5.1 Market Trends
  6.5.2 Market Forecast
6.6 Others
  6.6.1 Market Trends
  6.6.2 Market Forecast

7 MARKET BREAKUP BY INSTALLATION

7.1 On-Grid
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Off-Grid
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY END USER

8.1 Residential
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Commercial
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Utility
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Ascent Solar Technologies Inc.
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2 First Solar Inc.
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
    14.3.2.4 SWOT Analysis
  14.3.3 Flisom
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
  14.3.4 Hanergy Thin Film Power EME B.V.
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5 Kaneka Corporation
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
    14.3.5.4 SWOT Analysis
  14.3.6 Miasole (Hanergy Holding Group Ltd.)
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
  14.3.7 Oxford Photovoltaics Limited
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8 Trony Solar Holdings Company Limited
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
  14.3.9 Wuxi Suntech Power Co. Ltd
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Thin Film Solar Cell Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Thin Film Solar Cell Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Thin Film Solar Cell Market Forecast: Breakup by Installation (in Million US$), 2023-2028
Table 4: Global: Thin Film Solar Cell Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Thin Film Solar Cell Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Thin Film Solar Cell Market: Competitive Structure
Table 7: Global: Thin Film Solar Cell Market: Key Players

LIST OF FIGURES

Figure 1: Global: Thin Film Solar Cell Market: Major Drivers and Challenges
Figure 2: Global: Thin Film Solar Cell Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Thin Film Solar Cell Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Thin Film Solar Cell Market: Breakup by Type (in %), 2022
Figure 5: Global: Thin Film Solar Cell Market: Breakup by Installation (in %), 2022
Figure 6: Global: Thin Film Solar Cell Market: Breakup by End User (in %), 2022
Figure 7: Global: Thin Film Solar Cell Market: Breakup by Region (in %), 2022
Figure 8: Global: Thin Film Solar Cell (Cadmium Telluride) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Thin Film Solar Cell (Cadmium Telluride) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Thin Film Solar Cell (Amorphous Thin-Film Silicon) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Thin Film Solar Cell (Amorphous Thin-Film Silicon) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Thin Film Solar Cell (Copper Indium Gallium Selenide) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Thin Film Solar Cell (Copper Indium Gallium Selenide) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Thin Film Solar Cell (Microcrystalline Tandem Cells) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Thin Film Solar Cell (Microcrystalline Tandem Cells) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Thin Film Solar Cell (Thin-Film Polycrystalline Silicon) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Thin Film Solar Cell (Thin-Film Polycrystalline Silicon) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Thin Film Solar Cell (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Thin Film Solar Cell (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Thin Film Solar Cell (On-Grid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Thin Film Solar Cell (On-Grid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Thin Film Solar Cell (Off-Grid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Thin Film Solar Cell (Off-Grid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Thin Film Solar Cell (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Thin Film Solar Cell (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Thin Film Solar Cell (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Thin Film Solar Cell (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Thin Film Solar Cell (Utility) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Thin Film Solar Cell (Utility) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Thin Film Solar Cell Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Thin Film Solar Cell Industry: SWOT Analysis
Figure 80: Global: Thin Film Solar Cell Industry: Value Chain Analysis
Figure 81: Global: Thin Film Solar Cell Industry: Porter's Five Forces Analysis


More Publications