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Thin Film Photovoltaic Cells: Global Strategic Business Report

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    Report

  • 281 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2785224

Global Thin Film Photovoltaic Cells Market to Reach $62.9 Billion by 2030

The global market for Thin Film Photovoltaic Cells estimated at US$17.8 Billion in the year 2022, is projected to reach a revised size of US$62.9 Billion by 2030, growing at a CAGR of 17.1% over the analysis period 2022-2030. a-Si, one of the segments analyzed in the report, is projected to record a 12.9% CAGR and reach US$24 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the CdTe segment is readjusted to a revised 19.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 16.2% CAGR

The Thin Film Photovoltaic Cells market in the U.S. is estimated at US$5.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$10.7 Billion by the year 2030 trailing a CAGR of 16.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.1% and 15.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.7% CAGR.

Select Competitors (Total 58 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

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. 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
  • Thin Film Photovoltaic Cells - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
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 Recent Past, 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$ Million for Years 2022 through 2030 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 3: World 18-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, 2023 & 2030
  • Table 4: World Recent Past, 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$ Million for Years 2022 through 2030 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 6: World 18-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, 2023 & 2030
  • Table 7: World Recent Past, 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$ Million for Years 2022 through 2030 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 9: World 18-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, 2023 & 2030
  • Table 10: World Recent Past, 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$ Million for Years 2022 through 2030 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 12: World 18-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, 2023 & 2030
  • Table 13: World Thin Film Photovoltaic Cells Market Analysis of Annual Sales in US$ Million for Years 2012 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Thin Film Photovoltaic Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 14: USA Recent Past, Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS / CIS - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 15: 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 16: USA 18-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, 2023 & 2030
CANADA
  • Table 17: Canada Recent Past, Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS / CIS - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 18: 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 19: Canada 18-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, 2023 & 2030
JAPAN
  • Thin Film Photovoltaic Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 20: Japan Recent Past, Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS / CIS - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 21: 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 22: Japan 18-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, 2023 & 2030
CHINA
  • Thin Film Photovoltaic Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 23: China Recent Past, Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS / CIS - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 24: 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 25: China 18-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, 2023 & 2030
EUROPE
  • Thin Film Photovoltaic Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 26: Europe Recent Past, 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$ Million for Years 2022 through 2030 and % CAGR
  • Table 27: 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 28: Europe 18-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, 2023 & 2030
  • Table 29: Europe Recent Past, Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS / CIS - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 30: 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 31: Europe 18-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, 2023 & 2030
FRANCE
  • Thin Film Photovoltaic Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 32: France Recent Past, Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS / CIS - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 33: 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 34: France 18-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, 2023 & 2030
GERMANY
  • Thin Film Photovoltaic Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 35: Germany Recent Past, Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS / CIS - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 36: 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 37: Germany 18-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, 2023 & 2030
ITALY
  • Table 38: Italy Recent Past, Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS / CIS - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 39: 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 40: Italy 18-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, 2023 & 2030
UNITED KINGDOM
  • Thin Film Photovoltaic Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 41: UK Recent Past, Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS / CIS - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 42: 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 43: UK 18-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, 2023 & 2030
REST OF EUROPE
  • Table 44: Rest of Europe Recent Past, Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS / CIS - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 45: 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 46: Rest of Europe 18-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, 2023 & 2030
ASIA-PACIFIC
  • Thin Film Photovoltaic Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 47: Asia-Pacific Recent Past, Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS / CIS - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 48: 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 49: Asia-Pacific 18-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, 2023 & 2030
REST OF WORLD
  • Table 50: Rest of World Recent Past, Current & Future Analysis for Thin Film Photovoltaic Cells by Material Type - a-Si, CdTe and CIGS / CIS - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 51: 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$ Million for Years 2012 through 2021 and % CAGR
  • Table 52: Rest of World 18-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, 2023 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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

Table Information