Thin-Film Solar Panel - Global Strategic Business Report

Global Thin-Film Solar Panel Market to Reach $27.2 Billion by 2030

The global market for Thin-Film Solar Panel estimated at US$14 Billion in the year 2022, is projected to reach a revised size of US$27.2 Billion by 2030, growing at a CAGR of 8.7% over the analysis period 2022-2030. Cadmium Telluride, one of the segments analyzed in the report, is projected to record 10.1% CAGR and reach US$10.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Amorphous Thin-Film Silicon segment is readjusted to a revised 8.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.8 Billion, While China is Forecast to Grow at 14.2% CAGR

The Thin-Film Solar Panel market in the U.S. is estimated at US$3.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.8 Billion by the year 2030 trailing a CAGR of 14.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 7.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Select Competitors (Total 34 Featured) -

• Canadian Solar
• First Solar
• Hanwha Q-CELLS
• JA Solar
• JinkoSolar
• LONGi Solar
• Risen Energy
• SunPower Corporation
• Talesun
• Trina Solar

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