Thin Film Photovoltaic Cells: Global Strategic Business Report

Global Thin Film Photovoltaic Cells Market to Reach $62.3 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Thin Film Photovoltaic Cells estimated at US$17.2 Billion in the year 2020, is projected to reach a revised size of US$62.3 Billion by 2027, growing at a CAGR of 20.2% over the analysis period 2020-2027. a-Si, one of the segments analyzed in the report, is projected to record a 15.2% CAGR and reach US$23.8 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 23.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5 Billion, While China is Forecast to Grow at 19.7% CAGR

The Thin Film Photovoltaic Cells market in the U.S. is estimated at US$5 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$10.9 Billion by the year 2027 trailing a CAGR of 19.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.4% and 18% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.4% CAGR.

CIGS / CIS Segment to Record 27.3% CAGR

In the global CIGS / CIS segment, USA, Canada, Japan, China and Europe will drive the 27% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$8.4 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$7.7 Billion by the year 2027.

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

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