Global Thin Film Photovoltaics (PV)-Advanced Technologies Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Thin-film manufacturing approach the highest possible efficiency in the final photovoltaic cell

The Global Thin Film Photovoltaics (PV)-Advanced Technologies Market is estimated to be USD 49.27 Mn in 2023 and is expected to reach USD 286.07 Mn by 2028 growing at a CAGR of 42.16%

Market Dynamics

Thin-film photovoltaic is a second-generation solar cell made by layering many thin layers of photovoltaic material over a substrate such as metal, plastic, or glass. Thin-film batteries are solid-state batteries that employ both a solid electrolyte and a solid electrode and are intended for single-use, low-power applications.

Over the last few decades, the worldwide thin-film photovoltaic and battery industry has expanded significantly. Thin-film photovoltaic and battery demand is driven primarily by the expanding global market for photovoltaic solar cells and the increasing use of thin-film batteries in renewable energy storage systems. A surge in the adoption of thin-film batteries in consumer and wearable electronics increased production of low-cost photovoltaic and batteries, ongoing photovoltaic research and development activities, rising demand for solar cells for various applications such as telescopes, satellites, electric vehicles, and many others, and increased government initiatives to adopt energy-efficient technologies. Furthermore, the global presence of thin-film photovoltaic and battery manufacturing firms is pushing market expansion.

However, multi-junction PV cells and poor conversion efficiency are significant restraints that hamper industry expansion.

Market Segmentation

• The Global Thin Film Photovoltaics (PV)- Advanced Technologies and Global Market is segmented further based on Battery Technology, Photovoltaic Technology, Battery Type, Application, and Geography.
• By Battery Technology, the market is classified into Thin-film lithium, Thin-film lithium polymer, & Zinc-based thin-film.
• By Photovoltaic Technology, the market is classified into Cadmium Telluride (CdTe), Copper Indium Gallium Selenide (CIGS), Dye-Sensitized Solar Cells (DSSC), Organic photovoltaic, Dots and Amorphous Silicon (a-Si).
• By Battery Type, the market is classified into Disposable and Rechargeable.
• By Application, the market is classified into Residential, Utility Consumer electronics, BIPV, Grid-connected power supply, Military & space, and Others.
• By Geography, America is projected to lead the market.

Recent Developments

1. Kaneka signs an agreement with Japan Tobacco Inc. to acquire assets related to plant biotechnology- 24th Aug 2020
2. ADNOC, bp, and Masdar agree to expand UAE-UK new energy partnership- 17th Sep 2021
3. Nidec Completes the Acquisitions of Stock, Etc. of Mitsubishi Heavy Industries Machine Tool Co., Ltd.- 3rd Aug 2020

Company Profiles

Some of the companies covered in this report are AVANCIS, Cymbet, Enfucell, Masdar Pv, Nanosolar, Sharp, Solar Frontier, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Thin Film Photovoltaics (PV)- Advanced Technologies and Global Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume