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Thin Film Photovoltaic Cells: Global Strategic Business Report

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    Report

  • 281 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2785224

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

What`s New for 2022?

  • 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
Frequently Asked Questions about the Global Market for Thin Film Photovoltaic Cells

What is the estimated value of the Global Market for Thin Film Photovoltaic Cells?

The Global Market for Thin Film Photovoltaic Cells was estimated to be valued at $17.2 Billion in 2020.

What is the growth rate of the Global Market for Thin Film Photovoltaic Cells?

The growth rate of the Global Market for Thin Film Photovoltaic Cells is 20.2%, with an estimated value of $62.3 Billion by 2027.

What is the forecasted size of the Global Market for Thin Film Photovoltaic Cells?

The Global Market for Thin Film Photovoltaic Cells is estimated to be worth $62.3 Billion by 2027.

Who are the key companies in the Global Market for Thin Film Photovoltaic Cells?

Key companies in the Global Market for Thin Film Photovoltaic Cells include 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. and Solibro GmbH.

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 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$ Million 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, 2021 & 2027
  • 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 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$ Million 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, 2021 & 2027
  • 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 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$ Million 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, 2021 & 2027
  • 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 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$ Million 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, 2021 & 2027
  • Table 13: World Thin Film Photovoltaic Cells Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027
III. MARKET ANALYSIS
UNITED STATES
  • Thin Film Photovoltaic Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (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 2020 through 2027 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 2019 and % CAGR
  • Table 16: 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, 2021 & 2027
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 2020 through 2027 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 2019 and % CAGR
  • Table 19: 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, 2021 & 2027
JAPAN
  • Thin Film Photovoltaic Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (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 2020 through 2027 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 2019 and % CAGR
  • Table 22: 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, 2021 & 2027
CHINA
  • Thin Film Photovoltaic Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (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 2020 through 2027 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 2019 and % CAGR
  • Table 25: 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, 2021 & 2027
EUROPE
  • Thin Film Photovoltaic Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (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 2020 through 2027 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 2019 and % CAGR
  • Table 28: 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, 2021 & 2027
  • 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 2020 through 2027 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 2019 and % CAGR
  • Table 31: 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, 2021 & 2027
FRANCE
  • Thin Film Photovoltaic Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (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 2020 through 2027 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 2019 and % CAGR
  • Table 34: 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, 2021 & 2027
GERMANY
  • Thin Film Photovoltaic Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (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 2020 through 2027 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 2019 and % CAGR
  • Table 37: 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, 2021 & 2027
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 2020 through 2027 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 2019 and % CAGR
  • Table 40: 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, 2021 & 2027
UNITED KINGDOM
  • Thin Film Photovoltaic Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (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 2020 through 2027 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 2019 and % CAGR
  • Table 43: 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, 2021 & 2027
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 2020 through 2027 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 2019 and % CAGR
  • Table 46: 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, 2021 & 2027
ASIA-PACIFIC
  • Thin Film Photovoltaic Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (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 2020 through 2027 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 2019 and % CAGR
  • Table 49: 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, 2021 & 2027
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 2020 through 2027 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 2019 and % CAGR
  • Table 52: 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, 2021 & 2027
IV. COMPETITION

Companies Mentioned

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