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Next-Generation Solar Cell Market by Material Type (Cadmium Telluride (CdTe), Copper Indium Gallium Selenide (CIGS), Amorphous Silicon, Gallium-Arsenide, Others), Installation (On-Grid, Off-Grid), End User and Geography - Global Forecast to 2028

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    Report

  • 185 Pages
  • June 2023
  • Region: Global
  • Markets and Markets
  • ID: 5830653
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Next-Generation Solar Cell Market to Grow at Significant Rate Owing to Increasing Demand from Utilities

The next-generation solar cell market is valued at USD 3.0 billion in 2023 and is projected to reach USD 7.4 billion by 2028, growing at a CAGR of 19.5% from 2023 to 2028. The advantages of the next-generation solar cell over traditional solar cells are one of the major drivers in the market. One of the major restraints in the market is intense competition from players providing other renewable resources, including wind power and hydropower. 

Copper indium gallium selenides is expected to account for a significant market share during the forecast period

Copper indium gallium selenides (CIGS) solar cells are among the most efficient thin-film PV technologies. CIGS PV cells are manufactured using CIGS by compressing between conductive layers. This material is characterized by its direct band gap, which allows it to absorb a high amount of energy while limiting the transmittance of light. This material can be deposited over substrates such as glass, plastic, steel, and aluminum and is thin enough to allow full-panel flexibility when deposited on a flexible backing. CIGS PV modules have efficiencies exceeding 20% in laboratories. Its solar panels can be installed on roofs and other surfaces because they are more efficient in producing more electricity. They are also cheaper than silicon-based panels. 

Commercial & Industrial segments to exhibit significant growth in the next-generation solar cell market during the forecast period

The commercial and industrial sector includes commercial buildings, banks and financial institutes, educational institutions, enterprises, manufacturing plants, hospitals, hospitality buildings, and so on. The lighting and other electricity needs are fulfilled by installing PV systems on the rooftop and open areas. The excess electricity generated can be sold to local electricity companies by transmitting it through local grids (depending on the technical feasibility). PV systems are also used for electrification in various places, such as visitor centers in parks, hunting lodges, park ranger sites, remote farm workshops, vacation cabins, village lighting, highway rest stops, and public beaches. Hybrid PV systems, comprising PV modules and heat extraction units, are mounted together for industrial applications. These systems can also provide electrical and thermal energy simultaneously and achieve a higher energy conversion rate of the absorbed solar radiation than plain photovoltaics. Hence, they are used to generate electricity for commercial and industrial facilities. 

US in North America is expected to record the largest market size during the forecast period

The US held the largest share of the North American next-generation solar cell market in 2022 and is expected to register a significant CAGR during the forecast period. The growth of the next-generation solar cell market in the US is driven by factors like an increase in state and federal policies and PV systems adoption programs, among others. Due to constant developments and government funding promoting renewable energy in North America, the next-generation solar cell market can anticipate rising demand from utilities in the region.

The break-up of the profile of primary participants in the Next-generation Solar Cell Market:

  • By Company Type: Tier 1 - 40 %, Tier 2 - 40%, and Tier 3 - 20%
  • By Designation: C-Level Executives -40%, Directors- 40%, and Others - 20%
  • By Region: North America- 40%, Asia Pacific - 30%, Europe- 20%, and RoW - 10%

The report profiles key players in the next-generation solar cell market and analyzes their market shares. Players profiled in this report are First Solar (US), Hanwha Q CELLS (South Korea), Ascent Solar Technologies (US), Oxford PV (UK), Kaneka Solar Energy (Japan), Flisom (Switzerland), Solactron (US), Mitsubishi Chemical Group (Japan), MiaSole (US), and Hanergy thin film power group (China), Heliatek (Germany), Polysolar Technology (US), NanoPV technologies(US), 3D-Micromac(Germany), Suntech Power Holdings (China), Sharp Corporation(Japan), Trina Solar (China), Panasonic Corporation(Japan), Sol Voltaics(Sweden), Geo Green Power(England), Jinko Solar(China), Canadian Solar(Canada), Sunpower Corporation(US), Yingli Solar(China), REC Group(Norway) 

Research Coverage

The report defines, describes, and forecasts the next-generation solar cell market based on material type, installation, end-user industry, and region. It provides detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the next-generation solar cell market. It also analyzes competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and actions carried out by the key players to grow in the market. 

Reasons to Buy This Report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall next-generation solar cell market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities. 

The report will help leaders/new entrants in the next-generation solar cell market in the following ways:

1. The report segments the next-generation solar cell market comprehensively and provides the closest market size estimation for all subsegments across regions. 

2. The report will help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities in the d next-generation solar cell market. 

3. The report will help stakeholders understand their competitors better and gain insights to improve their position in the next-generation solar cell market. The competitive landscape section describes the competitor ecosystem. 

4. Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the next-generation solar cell market 

5. In-depth assessment of market shares, growth strategies and product offerings of leading players like First Solar (US), Hanwha Q CELLS (South Korea), Ascent Solar Technologies (US), Oxford PV (UK), Kaneka Solar Energy (Japan), among others.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Next-Generation Solar Cell Market
1.4 Inclusions and Exclusions
1.4.1 Regional Scope
1.4.2 Years Considered
1.5 Currency Considered
1.6 Stakeholders
1.7 Recession Impact

2 Research Methodology
2.1 Research Data
Figure 2 Process Flow: Next-Generation Solar Cell Market Size Estimation
Figure 3 Next-Generation Solar Cell Market: Research Design
2.1.1 Secondary and Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.2.2 List of Key Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.1.3.2 Key Industry Insights
2.1.3.3 Primary Interviews with Experts
2.1.3.4 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach to Arrive at Market Size Using Bottom-Up Analysis
Figure 4 Next-Generation Solar Cell Market: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach to Arrive at Market Size Using Top-Down Analysis
Figure 5 Next-Generation Solar Cell Market: Top-Down Approach
2.3 Data Triangulation
Figure 6 Data Triangulation
2.4 Research Assumptions
Figure 7 Research Study Assumptions
2.5 Parameters Considered to Analyze Impact of Recession on Next-Generation Solar Cell Market
2.6 Risk Assessment
Table 1 Analysis of Risk Factors

3 Executive Summary
3.1 Next-Generation Solar Cell Market: Recession Impact
Figure 8 Recession Impact: GDP Growth Projection Till 2023 for Major Economies
Figure 9 Recession Impact on Next-Generation Solar Cell Market, 2019-2028 (USD Million)
Figure 10 Cadmium Telluride Segment to Hold Largest Share of Next-Generation Solar Cell Market Throughout Forecast Period
Figure 11 Utilities Segment to Capture Largest Market Share Throughout Forecast Period
Figure 12 Asia-Pacific Held Largest Size of Next-Generation Solar Cell Market in 2022

4 Premium Insights
4.1 Attractive Opportunities for Players in Next-Generation Solar Cell Market
Figure 13 Next-Generation Solar Cell Market to Grow at Significant Rate Owing to Increasing Demand from Utilities
4.2 Next-Generation Solar Cell Market, by Material Type
Figure 14 Cadmium Telluride to Account for Largest Share of Next-Generation Solar Cell Market, by Material, in 2028
4.3 Next-Generation Solar Cell Market, by End-User Industry
Figure 15 Utilities Held Largest Market Share in 2022
4.4 Next-Generation Solar Cell Market, by Country
Figure 16 Next-Generation Solar Cell Market in Mexico to Grow at Highest CAGR During Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 17 Next-Generation Solar Cell Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Advancements in Next-Generation Solar Cell Technology
5.2.1.2 Advantages of Next-Generation Over Traditional Solar Cells
5.2.1.3 Government Initiatives in Solar Pv Projects
5.2.1.4 Increasing Demand for Solar Cells in Residential and Commercial Sectors
Figure 18 Impact of Drivers on Next-Generation Solar Cell Market
5.2.2 Restraints
5.2.2.1 High Installation Costs and Requirement for Skilled Workforce
5.2.2.2 Intense Competition from Players Providing Other Renewable Resources, Including Wind Power and Hydropower
Figure 19 Impact of Restraints on Next-Generation Solar Cell Market
5.2.3 Opportunities
5.2.3.1 Surging Demand for Renewable Energy
Figure 20 Impact of Opportunities on Next-Generation Solar Cell Market
5.2.4 Challenges
5.2.4.1 Supply Chain Challenges in Next-Generation Solar Cell Technologies
Figure 21 Impact of Challenges on Next-Generation Solar Cell Market
5.3 Value Chain Analysis
Figure 22 Solar Cell Value Chain Analysis
5.4 Case Study Analysis
5.4.1 Sunpower Manufactures High-Efficiency Solar Panels for Customers with Limited Budgets
5.4.2 Hanwha Q Cells Helps Copenhagen Zoo Implement C&I Rooftop System to Meet Sustainability Goal
5.4.3 Sharp Helps Big C Supermarket (Thailand) Install Rooftop Solar Panels
5.4.4 Sharp Installs Rooftop Solar Panels for Hewlett Packard (Hp) to Minimize Carbon Footprint
5.4.5 Tata Power Solar Commissions 3 Mw Solar Pv Power Plant in Iron Ore Mine at Noamundi
5.5 Technology Analysis
Table 2 Technologies in Solar Cell Ecosystem
5.6 Porter's Five Forces Analysis
Table 3 Next-Generation Solar Cell Market: Porter's Five Forces Analysis
5.6.1 Threat of New Entrants
5.6.2 Threat of Substitutes
5.6.3 Bargaining Power of Suppliers
5.6.4 Bargaining Power of Buyers
5.6.5 Intensity of Competitive Rivalry
5.7 Ecosystem/Market Map
Table 4 Players and Their Role in Ecosystem
5.8 Patent Analysis
Figure 23 Top 10 Companies with Highest Number of Patent Applications in Last 10 Years
Table 5 Top 20 Patent Owners in US in Last 10 Years
Figure 24 Number of Patents Granted Every Year, 2012-2022
Table 6 List of Patents
5.9 Trade Analysis
5.9.1 Import Scenario
Figure 25 Import Data for Hs Code 854140, by Country, 2018-2021
Table 7 Import Data, by Country, 2018-2021 (USD Thousand)
5.9.2 Export Scenario
Figure 26 Export Data for Hs Code 854140, by Country, 2018-2021
Table 8 Export Data, by Country, 2018-2021 (USD Thousand)
5.10 Regulatory Landscape and Standards
5.10.1 Regulatory Compliance
5.10.1.1 Regulations
5.10.1.2 Standards
Table 9 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Row: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.11 Trends/Disruptions Impacting Business of Market Players and Raw Material Suppliers
5.11.1 Revenue Shift and New Revenue Pockets for Next-Generation Solar Cell Market Players
Figure 27 Revenue Shift and New Revenue Pockets in Next-Generation Solar Cell Market
5.12 Key Stakeholders and Buying Criteria
5.12.1 Key Stakeholders in Buying Process
Table 13 Influence of Stakeholders on Buying Process for Top 3 End-User Industry (%)
5.13 Pricing Analysis
Table 14 Average Selling Price of Photovoltaic Modules, 2022
Table 15 Average Selling Price of Pv Systems, by End-User Industry
5.13.1 Average Selling Price of Pv Modules Offered by Market Players
Figure 28 Average Selling Price of Pv Modules Offered by Key Players, by End-User Industry
Table 16 Average Selling Price of Pv Modules Offered by Key Players, by End-User Industry (Usd/Watt)
5.13.2 Buying Criteria
Figure 29 Key Buying Criteria for Top 3 End-User Industry
Table 17 Key Buying Criteria for Top 3 End-User Industries
Table 18 Next-Generation Solar Cell Market: List of Conferences and Events

6 Installation Types of Next-Generation Solar Cells
6.1 Introduction
Figure 30 Installation Types of Next-Generation Solar Cells
6.2 On-Grid
6.2.1 Focus on Reducing Transmission Losses and Strain on Grids to Increase Demand for On-Grid Solar Cells
6.3 Off-Grid
6.3.1 Growing Use of Off-Grid Solar Systems in Remote Areas, Cabins, Boats, and Rvs to Drive Demand

7 Next-Generation Solar Cell Market, by Material Type
7.1 Introduction
Figure 31 Next-Generation Solar Cell Market, by Material Type
Figure 32 Cadmium Telluride-Based Solar Cells to Hold Largest Market Share in 2023
Table 19 Next-Generation Solar Cell Market, by Material Type, 2019-2022 (USD Million)
Table 20 Next-Generation Solar Cell Market, by Material Type, 2023-2028 (USD Million)
7.2 Amorphous Silicon (A-Si)
7.2.1 Better Performance of A-Si in Low-Light Conditions to Boost Its Demand
Table 21 Amorphous Silicon (A-Si): Next-Generation Solar Cell Market, by Region, 2019-2022 (USD Million)
Table 22 Amorphous Silicon (A-Si): Next-Generation Solar Cell Market, by Region, 2023-2028 (USD Million)
Table 23 Amorphous Silicon (A-Si): Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 24 Amorphous Silicon (A-Si): Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
7.2.2 Copper Indium Gallium Selenide (Cigs)
7.2.2.1 High Demand for Lightweight and Flexible Solar Modules for Rooftops and Portable Electronics to Fuel Segmental Growth
Table 25 Copper Indium Gallium Selenide (Cigs): Next-Generation Solar Cell Market, by Region, 2019-2022 (USD Million)
Table 26 Copper Indium Gallium Selenide (Cigs): Next-Generation Solar Cell Market, by Region, 2023-2028 (USD Million)
Table 27 Copper Indium Gallium Selenide (Cigs): Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 28 Copper Indium Gallium Selenide (Cigs): Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
7.2.3 Cadmium Telluride (Cdte)
7.2.3.1 Low Manufacturing Cost of Cdte Solar Modules to Propel Market
Table 29 Cadmium Telluride (Cdte): Next-Generation Solar Cell Market, by Region, 2019-2022 (USD Million)
Table 30 Cadmium Telluride (Cdte): Next-Generation Solar Cell Market, by Region, 2023-2028 (USD Million)
Table 31 Cadmium Telluride (Cdte): Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 32 Cadmium Telluride (Cdte): Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
7.2.4 Gallium Arsenide
7.2.4.1 High Resistance, Flexibility, and Stability of Gaas Pv Cells at Higher Temperatures to Fuel Segmental Growth
Table 33 Gallium Arsenide (Gaas): Next-Generation Solar Cell Market, by Region, 2019-2022 (USD Million)
Table 34 Gallium Arsenide (Gaas): Next-Generation Solar Cell Market, by Region, 2023-2028 (USD Million)
Table 35 Gallium Arsenide (Gaas): Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 36 Gallium Arsenide (Gaas): Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
7.2.5 Other Materials
7.2.5.1 Perovskite
7.2.5.2 Dye-Synthesized
7.2.5.3 Organic
Table 37 Other Materials: Next-Generation Solar Cell Market, by Region, 2019-2022 (USD Million)
Table 38 Other Materials: Next-Generation Solar Cell Market, by Region, 2023-2028 (USD Million)
Table 39 Other Materials: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 40 Other Materials: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)

8 Next-Generation Solar Cell Market, by End-User Industry
8.1 Introduction
Figure 33 Next-Generation Solar Cell Market, by End-User Industry
Figure 34 Residential Segment to Exhibit Highest CAGR in Next-Generation Solar Cell Market During Forecast Period
Table 41 Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 42 Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
8.2 Residential
8.2.1 Government Subsidies to Boost Adoption of Solar Cells in Residential Applications
Table 43 Residential: Next-Generation Solar Cell Market, by Region, 2019-2022 (USD Million)
Table 44 Residential: Next-Generation Solar Cell Market, by Region, 2023-2028 (USD Million)
Table 45 Residential: Next-Generation Solar Cell Market, by Material Type, 2019-2022 (USD Million)
Table 46 Residential: Next-Generation Solar Cell Market, by Material Type, 2023-2028 (USD Million)
8.3 Commercial & Industrial
8.3.1 Environmental, Economic, and Tax Benefits to Support Market Growth for Commercial & Industrial Applications
Table 47 Commercial & Industrial: Next-Generation Solar Cell Market, by Region, 2019-2022 (USD Million)
Table 48 Commercial & Industrial: Next-Generation Solar Cell Market, by Region, 2023-2028 (USD Million)
Table 49 Commercial & Industrial: Next-Generation Solar Cell Market, by Material Type, 2019-2022 (USD Million)
Table 50 Commercial & Industrial: Next-Generation Solar Cell Market, by Material Type, 2023-2028 (USD Million)
8.4 Utilities
8.4.1 Need for Reliable and Consistent Source of Electricity by Utilities to Drive Market
Figure 35 Other Materials Segment to Witness Highest CAGR in Next-Generation Solar Cell Market for Utilities During Forecast Period
Table 51 Utilities: Next-Generation Solar Cell Market, by Material Type, 2019-2022 (USD Million)
Table 52 Utilities: Next-Generation Solar Cell Market, by Material Type, 2023-2028 (USD Million)
Table 53 Utilities: Next-Generation Solar Cell Market, by Region, 2019-2022 (USD Million)
Table 54 Utilities: Next-Generation Solar Cell Market, by Region, 2023-2028 (USD Million)
8.5 Other End-User Industries
Table 55 Other End-User Industries: Next-Generation Solar Cell Market, by Region, 2019-2022 (USD Million)
Table 56 Other End-User Industries: Next-Generation Solar Cell Market, by Region, 2023-2028 (USD Million)
Table 57 Other End-User Industries: Next-Generation Solar Cell Market, by Material Type, 2019-2022 (USD Million)
Table 58 Other End-User Industries: Next-Generation Solar Cell Market, by Material Type, 2023-2028 (USD Million)

9 Next-Generation Solar Cell Market, by Geography
9.1 Introduction
Figure 36 Next-Generation Solar Cell Market, by Region
Table 59 Next-Generation Solar Cell Market, by Region, 2019-2022 (USD Million)
Table 60 Next-Generation Solar Cell Market, by Region, 2023-2028 (USD Million)
9.2 North America
Figure 37 North America: Snapshot of Next-Generation Solar Cell Market
Table 61 North America: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 62 North America: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
Table 63 North America: Next-Generation Solar Cell Market, by Material Type, 2019-2022 (USD Million)
Table 64 North America: Next-Generation Solar Cell Market, by Material Type, 2023-2028 (USD Million)
Table 65 North America: Next-Generation Solar Cell Market, by Country, 2019-2022 (USD Million)
Table 66 North America: Next-Generation Solar Cell Market, by Country, 2023-2028 (USD Million)
9.2.1 US
9.2.1.1 Rise in State and Federal Policies and Programs to Boost Adoption of Pv Modules
Table 67 Us: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 68 Us: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
9.2.2 Canada
9.2.2.1 Abundance of Solar Energy Resources and Large Areas for Installations to Drive Market
Table 69 Canada: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 70 Canada: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
9.2.3 Mexico
9.2.3.1 Booming Solar Industry to Boost Demand for Next-Generation Solar Cells
Table 71 Mexico: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 72 Mexico: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
9.2.4 Impact of Recession on Next-Generation Solar Cell Market in North America
9.3 Europe
Figure 38 Europe: Snapshot of Next-Generation Solar Cell Market
Table 73 Europe: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 74 Europe: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
Table 75 Europe: Next-Generation Solar Cell Market, by Material Type, 2019-2022 (USD Million)
Table 76 Europe: Next-Generation Solar Cell Market, by Material Type, 2023-2028 (USD Million)
Table 77 Europe: Next-Generation Solar Cell Market, by Country, 2019-2022 (USD Million)
Table 78 Europe: Next-Generation Solar Cell Market, by Country, 2023-2028 (USD Million)
9.3.1 Germany
9.3.1.1 Growing Adoption of Pv Systems to Propel Market
Table 79 Germany: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 80 Germany: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
9.3.2 UK
9.3.2.1 Increasing Installation of Pv Systems to Harness Solar Resources to Foster Market Growth
Table 81 Uk: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 82 Uk: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
9.3.3 France
9.3.3.1 Collaboration Between Solar Technology Providers and Government to Boost Pv Installation Capacity
Table 83 France: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 84 France: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
9.3.4 Italy
9.3.4.1 Rising Investments in R&D of Solar Energy
Table 85 Italy: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 86 Italy: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
9.3.5 Rest of Europe
Table 87 Rest of Europe: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 88 Rest of Europe: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
9.3.6 Impact of Recession on Next-Generation Solar Cell Market in Europe
9.4 Asia-Pacific
Figure 39 Asia-Pacific: Snapshot of Next-Generation Solar Cell Market
Table 89 Asia-Pacific: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 90 Asia-Pacific: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
Table 91 Asia-Pacific: Next-Generation Solar Cell Market, by Material Type, 2019-2022 (USD Million)
Table 92 Asia-Pacific: Next-Generation Solar Cell Market, by Material Type, 2023-2028 (USD Million)
Table 93 Asia-Pacific: Next-Generation Solar Cell Market, by Country, 2019-2022 (USD Million)
Table 94 Asia-Pacific: Next-Generation Solar Cell Market, by Country, 2023-2028 (USD Million)
9.4.1 China
9.4.1.1 Rapid Expansion of Solar Industry to Boost Demand for Next-Generation Solar Cells
Table 95 China: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 96 China: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
9.4.2 Japan
9.4.2.1 Large Presence of Floating Pv Plants to Fuel Market
Table 97 Japan: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 98 Japan: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
9.4.3 India
9.4.3.1 Government-Led Developments in Next-Generation Solar Cells to Accelerate Market Growth
Table 99 India: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 100 India: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
9.4.4 South Korea
9.4.4.1 Focus on Powering Every Public Building with Solar Energy to Boost Demand for Solar Cells
Table 101 South Korea: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 102 South Korea: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
9.4.5 Rest of Asia-Pacific
Table 103 Rest of Asia-Pacific: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 104 Rest of Asia-Pacific: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
9.4.6 Impact of Recession on Next-Generation Solar Cell Market in Asia-Pacific
9.5 RoW
Table 105 Row: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 106 Row: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
Table 107 Row: Next-Generation Solar Cell Market, by Material Type, 2019-2022 (USD Million)
Table 108 Row: Next-Generation Solar Cell Market, by Material Type, 2023-2028 (USD Million)
Table 109 Row: Next-Generation Solar Cell Market, by Region, 2019-2022 (USD Million)
Table 110 Row: Next-Generation Solar Cell Market, by Region, 2023-2028 (USD Million)
9.5.1 South America
9.5.1.1 R&D on Perovskite Solar Cells to Contribute to Next-Generation Solar Cell Market Growth
Table 111 South America: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 112 South America: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
9.5.2 Middle East & Africa
9.5.2.1 Increasing Adoption of Pv Technology to Support Market Growth
Table 113 Middle East & Africa: Next-Generation Solar Cell Market, by End-User Industry, 2019-2022 (USD Million)
Table 114 Middle East & Africa: Next-Generation Solar Cell Market, by End-User Industry, 2023-2028 (USD Million)
9.5.3 Impact of Recession on Next-Generation Solar Cell Market in RoW

10 Competitive Landscape
10.1 Introduction
10.2 Overview
10.3 Key Player Strategies/Right to Win
Table 115 Overview of Strategies Deployed by Key Next-Generation Solar Cell Manufacturers
10.4 Next-Generation Solar Cell Market Share Analysis, 2022
Figure 40 Next-Generation Solar Cell Market Share Analysis, 2022
Table 116 Degree of Competition, 2022
Table 117 Next-Generation Solar Cell Market: Ranking Analysis
10.5 Three-Year Company Revenue Analysis
Figure 41 Three-Year Revenue Analysis of Top Players in Next-Generation Solar Cell Market
10.6 Company Evaluation Quadrant
10.6.1 Stars
10.6.2 Emerging Leaders
10.6.3 Pervasive Players
10.6.4 Participants
Figure 42 Next-Generation Solar Cell Market: Company Evaluation Quadrant, 2022
10.6.5 Competitive Benchmarking
Table 118 Overall Company Footprint
Table 119 Company Material Type Footprint
Table 120 Company End-User Industry Footprint
Table 121 Company Region Footprint
10.7 Next-Generation Solar Cell Startups/Smes Quadrant
10.7.1 Progressive Companies
10.7.2 Responsive Companies
10.7.3 Dynamic Companies
10.7.4 Starting Blocks
Figure 43 Next-Generation Solar Cell Market: Startups/Smes Evaluation Matrix, 2022
10.8 Competitive Scenarios and Trends
10.8.1 Product Launches
Table 122 Next-Generation Solar Cell Market: Product Launches, January 2019-March 2023
10.8.2 Deals
Table 123 Next-Generation Solar Cell Market: Deals, January 2019-March 2023

11 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)*
11.1 Key Companies
11.1.1 First Solar
Table 124 First Solar: Business Overview
Figure 44 First Solar: Company Snapshot
Table 125 First Solar: Products/Solutions/Services Offered
Table 126 First Solar: Deals
11.1.2 Hanwha Q Cells
Table 127 Hanwha Q Cells: Business Overview
Table 128 Hanwha Q Cells: Products/Solutions/Services Offered
Table 129 Hanwha Q Cells: Product Launches
Table 130 Hanwha Q Cells: Deals
11.1.3 Ascent Solar Technologies
Table 131 Ascent Solar Technologies: Business Overview
Figure 45 Ascent Solar Technologies: Company Snapshot
Table 132 Ascent Solar Technologies: Products/Solutions/Services Offered.
Table 133 Ascent Solar Technologies: Deals
11.1.4 Oxford Photovoltaics (Pv)
Table 134 Oxford Pv: Company Overview
Table 135 Oxford Pv: Products/Solutions/Services Offered
Table 136 Oxford Pv: Deals
Table 137 Oxford Pv: Others
11.1.5 Kaneka Solar Energy
Table 138 Kaneka Solar Energy: Company Overview
Table 139 Kaneka Solar Energy: Products/Solutions/Services Offered
11.1.6 Flisom
Table 140 Flisom: Business Overview
Table 141 Flisom: Products/Solutions/Services Offered
Table 142 Flisom: Others
11.1.7 Solactron
Table 143 Solactron: Business Overview
Table 144 Solactron: Products/Solutions/Services Offered.
11.1.8 Mitsubishi Chemical Group
Table 145 Mitsubishi Chemical Group: Company Overview
Figure 46 Mitsubishi Chemical Group: Company Snapshot
Table 146 Mitsubishi Chemical Group: Products/Solutions/Services Offered
11.1.9 Miasole
Table 147 Miasole: Company Overview
Table 148 Miasole: Products/Solutions/Services Offered
Table 149 Miasole: Deals
Table 150 Miasole: Others
11.1.10 Hanergy Thin Film Power Group
Table 151 Hanergy Thin Film Power Group: Company Overview
Table 152 Hanergy Thin Film Power Group: Products/Solutions/Services Offered
11.2 Other Key Players
11.2.1 Heliatek
11.2.2 Polysolar Technology
11.2.3 Nanopv Solar
11.2.4 3D-Micromac Ag
11.2.5 Suntech Power Holdings Co. Ltd.
11.2.6 Sharp Corporation Limited
11.2.7 Trina Solar
11.2.8 Panasonic Corporation
11.2.9 Sol Voltaics
11.2.10 Geo Green Power
11.2.11 Jinko Solar
11.2.12 Canadian Solar Inc.
11.2.13 Sunpower Corporation
11.2.14 Yingli Solar
11.2.15 Rec Group
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)* Might Not be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Discussion Guide
12.2 Knowledgestore: The Subscription Portal
12.3 Customization Options
12.4 Related Reports
12.5 Author Details

Executive Summary

Companies Mentioned

  • 3D-Micromac Ag
  • Ascent Solar Technologies
  • Canadian Solar Inc.
  • First Solar
  • Flisom
  • Geo Green Power
  • Hanergy Thin Film Power Group
  • Hanwha Q Cells
  • Heliatek
  • Jinko Solar
  • Kaneka Solar Energy
  • Miasole
  • Mitsubishi Chemical Group
  • Nanopv Solar
  • Oxford Photovoltaics (Pv)
  • Panasonic Corporation
  • Polysolar Technology
  • Rec Group
  • Sharp Corporation Limited
  • Sol Voltaics
  • Solactron
  • Sunpower Corporation
  • Suntech Power Holdings Co. Ltd.
  • Trina Solar
  • Yingli Solar

Methodology

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Table Information

Report AttributeDetails
No. of Pages185
PublishedJune 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 3 Billion
Forecasted Market Value ( USD ) by 2028 $ 7.4 Billion
Compound Annual Growth Rate19.5%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the Next Generation Solar Cell Market

The Next Generation Solar Cell market is a rapidly growing sector of the Solar Power industry. It is focused on the development of new and improved solar cell technologies, such as thin-film, multi-junction, and organic photovoltaic cells. These technologies offer higher efficiency, lower cost, and greater flexibility than traditional silicon-based solar cells. They are also more suitable for use in a variety of applications, such as building-integrated photovoltaics, portable electronics, and space-based solar power systems. The Next Generation Solar Cell market is driven by the increasing demand for renewable energy sources, as well as the need for more efficient and cost-effective solar cell technologies. This has led to a surge in research and development activities, as well as investments in the sector. Some of the major players in the Next Generation Solar Cell market include SunPower Corporation, First Solar, Solar Frontier, Hanwha Q Cells, and Trina Solar. Show Less Read more

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