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Thin Film Photovoltaic Cells - Global Market Trajectory & Analytics

  • ID: 2785224
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • AVANCIS GmbH & Co. KG
  • First Solar Inc.
  • Global Solar Energy Inc.
  • Kaneka Corporation
  • MiaSolé
  • NexPower Technology Corp.
Global Thin Film Photovoltaic Cells Market to Reach $38.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Thin Film Photovoltaic Cells estimated at US$12.9 Billion in the year 2020, is projected to reach a revised size of US$38.1 Billion by 2027, growing at a CAGR of 16.7% over the analysis period 2020-2027. a-Si, one of the segments analyzed in the report, is projected to record a 12.8% CAGR and reach US$15 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the CdTe segment is readjusted to a revised 19.4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $3.8 Billion, While China is Forecast to Grow at 16.3% CAGR

The Thin Film Photovoltaic Cells market in the U.S. is estimated at US$3.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.7 Billion by the year 2027 trailing a CAGR of 16.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.3% and 14.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.6% CAGR.

CIGS/CIS Segment to Record 21.5% CAGR

In the global CIGS/CIS segment, USA, Canada, Japan, China and Europe will drive the 21.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$4.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.7 Billion by the year 2027.

Select Competitors (Total 44 Featured):
  • Ascent Solar Technologies Inc.
  • AVANCIS GmbH & Co. KG
  • First Solar Inc.
  • Global Solar Energy Inc.
  • Hanergy Holding Group Ltd.
  • Kaneka Corporation
  • MiaSolé
  • NexPower Technology Corp.
  • Solar Frontier K.K
  • Solibro GmbH
  • SoloPower Systems, Inc.
  • Trony Solar Holdings Co. Ltd.
  • TSMC Solar Limited
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AVANCIS GmbH & Co. KG
  • First Solar Inc.
  • Global Solar Energy Inc.
  • Kaneka Corporation
  • MiaSolé
  • NexPower Technology Corp.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Thin Film Photovoltaic Cells: Compact, Flexible, Eco-Friendly and Low Cost Features Spur Adoption
  • Recent Market Activity
  • Environmental Concerns and Increasing Governed Investments in Solar Power Augurs Well for the Thin Film Solar Cells Market
  • Asia-Pacific, with China at the Helm, Spearheads Growth in Thin Film PV Cells Market
  • Surging Demand for CdTe and CIGS Thin Film PV Cells to Foster Market Growth
  • Sustainable, Uninterrupted Supply Needs Fuel Thin Film Cell Use in Residential, Commercial and Utility Sectors
  • A Peek into Applications of Photovoltaic Thin Films
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Ascent Solar Technologies, Inc. (USA)
  • Astronergy/Chint Solar (China)
  • AVANCIS GmbH & Co. KG (Germany)
  • First Solar, Inc. (USA)
  • Hanergy Holding Group Ltd. (China)
  • Global Solar Energy, Inc. (USA)
  • MiaSolé (USA)
  • Solibro GmbH (Germany)
  • Kaneka Corporation (Japan)
  • NexPower Technology Corp. (Taiwan)
  • Sharp Solar Energy Solutions Group (USA)
  • Solar Frontier K.K (Japan)
  • SoloPower Systems, Inc. (USA)
  • Trony Solar Holdings Co., Ltd. (China)
  • TSMC Solar Limited (Taiwan)
3. MARKET TRENDS & DRIVERS
  • Solar Power - The Major Application Area of Thin Film PV Cells
  • Growing Focus on Renewable Sources of Energy Favors Market Growth
  • Robust Growth for Solar PV Industry: Potential Growth Opportunities for Thin Films PV Market
  • Increasing Government Investments Drive Growth in the Thin Films Photovoltaic Market
  • Thin Film Technology Moves Ahead
  • Thin Film PV - A Substitute to Crystalline Silicon Technology
  • Comparison between Crystalline Silicon and Thin Film Technologies
  • Thin Film Efficiencies Inch Closer towards Silicon Cells
  • CIGS - An Emerging Thin Film Technology Gaining Immense Popularity
  • CIGS Market: A Glance at the Past
  • Environmental Concerns of Cadmium in Photovoltaic Thin Film Production
  • Perovskite Solar Cells: An Emerging Thin Film PV Cell Technology
  • Miniaturization Trend in Electronics Favors Growth in the Thin Films Market
  • Flexible Thin Film Cells Gain Attention
  • BIPV: A Promising Technology for Power Generation in Residential or Commercial Buildings
  • BIPV Roofing Market - Residential Building Activity Favors Growth
  • CIGS - An Emerging Thin Film Technology to Take the Lead
  • Thin-film Solar Panels for Residential Sector: A Wider Choice of Panels for Homeowners
  • Challenges in Thin-film PV Industry
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Current & Future Analysis for Thin Film Photovoltaic Cells by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Thin Film Photovoltaic Cells by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Thin Film Photovoltaic Cells by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027
  • Table 4: World Current & Future Analysis for a-Si by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for a-Si by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for a-Si by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • Table 7: World Current & Future Analysis for CdTe by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for CdTe by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for CdTe by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • Table 10: World Current & Future Analysis for CIGS/CIS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for CIGS/CIS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for CIGS/CIS by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
III. MARKET ANALYSIS
  • UNITED STATES
  • Table 13: USA Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 14: USA Historic Review for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 15: USA 15-Year Perspective for Thin Film Photovoltaic Cells by Material Type - Percentage Breakdown of Value Sales for a-Si, CdTe and CIGS/CIS for the Years 2012, 2020 & 2027
  • CANADA
  • Table 16: Canada Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 17: Canada Historic Review for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 18: Canada 15-Year Perspective for Thin Film Photovoltaic Cells by Material Type - Percentage Breakdown of Value Sales for a-Si, CdTe and CIGS/CIS for the Years 2012, 2020 & 2027
  • JAPAN
  • Table 19: Japan Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 20: Japan Historic Review for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 21: Japan 15-Year Perspective for Thin Film Photovoltaic Cells by Material Type - Percentage Breakdown of Value Sales for a-Si, CdTe and CIGS/CIS for the Years 2012, 2020 & 2027
  • CHINA
  • Table 22: China Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 23: China Historic Review for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 24: China 15-Year Perspective for Thin Film Photovoltaic Cells by Material Type - Percentage Breakdown of Value Sales for a-Si, CdTe and CIGS/CIS for the Years 2012, 2020 & 2027
  • EUROPE
  • Table 25: Europe Current & Future Analysis for Thin Film Photovoltaic Cells by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 26: Europe Historic Review for Thin Film Photovoltaic Cells by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 27: Europe 15-Year Perspective for Thin Film Photovoltaic Cells by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2020 & 2027
  • Table 28: Europe Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 29: Europe Historic Review for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 30: Europe 15-Year Perspective for Thin Film Photovoltaic Cells by Material Type - Percentage Breakdown of Value Sales for a-Si, CdTe and CIGS/CIS for the Years 2012, 2020 & 2027
  • FRANCE
  • Table 31: France Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 32: France Historic Review for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 33: France 15-Year Perspective for Thin Film Photovoltaic Cells by Material Type - Percentage Breakdown of Value Sales for a-Si, CdTe and CIGS/CIS for the Years 2012, 2020 & 2027
  • GERMANY
  • Table 34: Germany Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 35: Germany Historic Review for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 36: Germany 15-Year Perspective for Thin Film Photovoltaic Cells by Material Type - Percentage Breakdown of Value Sales for a-Si, CdTe and CIGS/CIS for the Years 2012, 2020 & 2027
  • ITALY
  • Table 37: Italy Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 38: Italy Historic Review for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 39: Italy 15-Year Perspective for Thin Film Photovoltaic Cells by Material Type - Percentage Breakdown of Value Sales for a-Si, CdTe and CIGS/CIS for the Years 2012, 2020 & 2027
  • UNITED KINGDOM
  • Table 40: UK Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 41: UK Historic Review for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 42: UK 15-Year Perspective for Thin Film Photovoltaic Cells by Material Type - Percentage Breakdown of Value Sales for a-Si, CdTe and CIGS/CIS for the Years 2012, 2020 & 2027
  • REST OF EUROPE
  • Table 43: Rest of Europe Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 44: Rest of Europe Historic Review for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 45: Rest of Europe 15-Year Perspective for Thin Film Photovoltaic Cells by Material Type - Percentage Breakdown of Value Sales for a-Si, CdTe and CIGS/CIS for the Years 2012, 2020 & 2027
  • ASIA-PACIFIC
  • Table 46: Asia-Pacific Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 47: Asia-Pacific Historic Review for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 48: Asia-Pacific 15-Year Perspective for Thin Film Photovoltaic Cells by Material Type - Percentage Breakdown of Value Sales for a-Si, CdTe and CIGS/CIS for the Years 2012, 2020 & 2027
  • REST OF WORLD
  • Table 49: Rest of World Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 50: Rest of World Historic Review for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS/CIS Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 51: Rest of World 15-Year Perspective for Thin Film Photovoltaic Cells by Material Type - Percentage Breakdown of Value Sales for a-Si, CdTe and CIGS/CIS for the Years 2012, 2020 & 2027
IV. COMPETITION
  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Ascent Solar Technologies Inc.
  • AVANCIS GmbH & Co. KG
  • First Solar Inc.
  • Global Solar Energy Inc.
  • Hanergy Holding Group Ltd.
  • Kaneka Corporation
  • MiaSolé
  • NexPower Technology Corp.
  • Solar Frontier K.K
  • Solibro GmbH
  • SoloPower Systems, Inc.
  • Trony Solar Holdings Co. Ltd.
  • TSMC Solar Limited
Note: Product cover images may vary from those shown
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