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Thin Film Photovoltaic Cells - Global Market Trajectory & Analytics

  • ID: 2785224
  • Report
  • July 2020
  • Region: Global
  • 131 Pages
  • Global Industry Analysts, Inc
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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.We bring years of research experience to this 19th edition of our report. The 131-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • 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

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

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

Global Competitor Market Shares

Thin Film Photovoltaic Cells Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

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: Thin Film Photovoltaic Cells Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: Thin Film Photovoltaic Cells Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
TABLE 3: Thin Film Photovoltaic Cells Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: a-Si (Material Type) World Market by Region/Country in US$ Thousand: 2020 to 2027
TABLE 5: a-Si (Material Type) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019
TABLE 6: a-Si (Material Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: CdTe (Material Type) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
TABLE 8: CdTe (Material Type) Historic Market Perspective by Region/Country in US$ Thousand: 2012 to 2019
TABLE 9: CdTe (Material Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: CIGS/CIS (Material Type) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027
TABLE 11: CIGS/CIS (Material Type) Region Wise Breakdown of Global Historic Demand in US$ Thousand: 2012 to 2019
TABLE 12: CIGS/CIS (Material Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Thin Film Photovoltaic Cells Market Share (in %) by Company: 2020 & 2025

Market Analytics
TABLE 13: Thin Film Photovoltaic Cells Market in the United States in US$ Thousand by Material Type: 2020-2027
TABLE 14: Thin Film Photovoltaic Cells Historic Demand Patterns in the United States in US$ Thousand by Material Type: 2012-2019
TABLE 15: United States Thin Film Photovoltaic Cells Market Share Breakdown by Material Type: 2012 VS 2020 VS 2027

CANADA

TABLE 16: Canadian Thin Film Photovoltaic Cells Market Estimates and Forecasts in US$ Thousand by Material Type: 2020-2027
TABLE 17: Thin Film Photovoltaic Cells Market in Canada: Historic Analysis in US$ Thousand by Material Type for the period 2012-2019
TABLE 18: Canadian Thin Film Photovoltaic Cells Market Shares in Percentages by Material Type: 2012 VS 2020 VS 2027

JAPAN

TABLE 19: Japanese Thin Film Photovoltaic Cells Market Estimates and Projections in US$ Thousand by Material Type: 2020-2027
TABLE 20: Thin Film Photovoltaic Cells Demand Patterns in Japan in US$ Thousand by Material Type: 2012-2019
TABLE 21: Japanese Thin Film Photovoltaic Cells Market Share in Percentages by Material Type: 2012 VS 2020 VS 2027

CHINA

TABLE 22: Chinese Demand Estimates and Forecasts for Thin Film Photovoltaic Cells Market in US$ Thousand by Material Type: 2020-2027
TABLE 23: Thin Film Photovoltaic Cells Historic Demand Scenario in China in US$ Thousand by Material Type: 2012-2019
TABLE 24: Chinese Thin Film Photovoltaic Cells Market Share Breakdown by Material Type: 2012 VS 2020 VS 2027

EUROPE

Market Facts & Figures

European Thin Film Photovoltaic Cells Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics
TABLE 25: European Thin Film Photovoltaic Cells Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027
TABLE 26: Thin Film Photovoltaic Cells Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019
TABLE 27: European Thin Film Photovoltaic Cells Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 28: Thin Film Photovoltaic Cells Demand Potential in Europe in US$ Thousand by Material Type: 2020-2027
TABLE 29: European Thin Film Photovoltaic Cells Historic Market Analysis in US$ Thousand by Material Type: 2012-2019
TABLE 30: Thin Film Photovoltaic Cells Market in Europe : Breakdown of Sales by Material Type for 2012, 2020, and 2027

FRANCE

TABLE 31: Thin Film Photovoltaic Cells Recent Past, Current & Future Market Analysis in France in US$ Thousand by Material Type: 2020-2027
TABLE 32: French Thin Film Photovoltaic Cells Market: Historic Review in US$ Thousand by Material Type for the Period 2012-2019
TABLE 33: French Thin Film Photovoltaic Cells Market Share Shift by Material Type: 2012 VS 2020 VS 2027

GERMANY

TABLE 34: German Thin Film Photovoltaic Cells Market Estimates and Projections in US$ Thousand by Material Type: 2020-2027
TABLE 35: Thin Film Photovoltaic Cells Market in Germany: Historic Demand Analysis in US$ Thousand by Material Type for the Period 2012-2019
TABLE 36: German Thin Film Photovoltaic Cells Market Share Distribution by Material Type: 2012 VS 2020 VS 2027

ITALY

TABLE 37: Italian Demand Estimates and Forecasts for Thin Film Photovoltaic Cells Market in US$ Thousand by Material Type: 2020-2027
TABLE 38: Thin Film Photovoltaic Cells Historic Demand Scenario in Italy in US$ Thousand by Material Type: 2012-2019
TABLE 39: Italian Thin Film Photovoltaic Cells Market Share Breakdown by Material Type: 2012 VS 2020 VS 2027

UNITED KINGDOM

TABLE 40: United Kingdom Thin Film Photovoltaic Cells Market Estimates and Projections in US$ Thousand by Material Type: 2020-2027
TABLE 41: Thin Film Photovoltaic Cells Demand Patterns in the United Kingdom in US$ Thousand by Material Type: 2012-2019
TABLE 42: United Kingdom Thin Film Photovoltaic Cells Market Share in Percentages by Material Type: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 43: Thin Film Photovoltaic Cells Demand Potential in Rest of Europe in US$ Thousand by Material Type: 2020-2027
TABLE 44: Rest of Europe Thin Film Photovoltaic Cells Historic Market Analysis in US$ Thousand by Material Type: 2012-2019
TABLE 45: Thin Film Photovoltaic Cells Market in Rest of Europe: Breakdown of Sales by Material Type for 2012, 2020, and 2027

ASIA-PACIFIC

TABLE 46: Thin Film Photovoltaic Cells Recent Past, Current & Future Market Analysis in Asia-Pacific in US$ Thousand by Material Type: 2020-2027
TABLE 47: Asia-Pacific Thin Film Photovoltaic Cells Market: Historic Review in US$ Thousand by Material Type for the Period 2012-2019
TABLE 48: Asia-Pacific Thin Film Photovoltaic Cells Market Share Shift by Material Type: 2012 VS 2020 VS 2027

REST OF WORLD

TABLE 49: Rest of World Thin Film Photovoltaic Cells Market Estimates and Forecasts in US$ Thousand by Material Type: 2020-2027
TABLE 50: Thin Film Photovoltaic Cells Market in Rest of World: Historic Analysis in US$ Thousand by Material Type for the period 2012-2019
TABLE 51: Rest of World Thin Film Photovoltaic Cells Market Shares in Percentages by Material Type: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 44

Note: Product cover images may vary from those shown
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