Thin-Film Photovoltaics (PV) Module Market Report 2026

The thin-film photovoltaics (pv) module market size has grown steadily in recent years. It will grow from $10.33 billion in 2025 to $10.83 billion in 2026 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to increasing demand for renewable energy, government incentives for solar adoption, rising electricity costs, technological advancements in thin-film pv manufacturing, growing environmental awareness.

The thin-film photovoltaics (pv) module market size is expected to see steady growth in the next few years. It will grow to $13.09 billion in 2030 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to falling cost of thin-film materials, expansion of rooftop and building-integrated pv, advancements in flexible and wearable solar technologies, increasing utility-scale solar projects, rising adoption in emerging markets. Major trends in the forecast period include lightweight and flexible solar panels, cost-effective photovoltaic solutions, high-efficiency thin-film materials, building integrated photovoltaics (bipv) adoption, utility-scale thin-film deployments.

The growing emphasis on renewable energy is expected to drive the growth of the thin-film photovoltaic (PV) module market in the coming years. Renewable energy refers to energy obtained from natural sources such as sunlight, wind, rain, tides, geothermal heat, and biomass, which are naturally replenished and have minimal environmental impact. The increasing focus on renewable energy is fueled by rising demand for sustainable energy solutions, concerns over climate change, advancements in clean energy technologies, government policies supporting green energy, and the global effort to reduce carbon emissions. Thin-film PV modules facilitate renewable energy adoption by offering cost-effective and efficient solutions for capturing solar power, enabling integration into various applications such as building facades and portable devices, and helping reduce the carbon footprint. For instance, in December 2024, according to Eurostat, a Luxembourg-based government agency, renewable energy accounted for 24.5% of total energy consumption in the EU in 2023, up from 23% in 2022. Consequently, the growing emphasis on renewable energy is driving the growth of the thin-film photovoltaic (PV) module market.

Companies in the thin-film PV module market are concentrating on innovations such as bifacial solar technology to improve energy yield, efficiency, and sustainability. Bifacial solar technology, particularly transparent back contact technology, is an innovative design that allows infrared light to pass through the back of a solar module, reducing heat absorption and enabling bifacial energy generation for enhanced efficiency. For instance, First Solar Inc., a U.S.-based solar company, introduced its fully functional bifacial thin-film PV modules at Intersolar Europe in June 2023. This marked the launch of the first-ever bifacial solar panel utilizing advanced thin-film CdTe semiconductor. The Series 6 Plus Bifacial module combines high-efficiency monofacial technology with bifaciality, resulting in improved energy yield and durability for renewable energy applications.

In April 2023, Ascent Solar Technologies Inc., a U.S.-based photovoltaics company, acquired Flisom for an undisclosed amount. This acquisition aims to expand Ascent Solar's production capacity, enhance operational efficiency, and strengthen its presence in Europe and Asia while opening new revenue streams in luxury goods and building-integrated photovoltaics. Flisom AG, based in Switzerland, manufactures thin-film photovoltaic (PV) solar cells.

Major companies operating in the thin-film photovoltaics (pv) module market are 3M Company, Sharp Corporation, KANEKA Corporation, First Solar Inc., Hanergy Thin Film Power Group Limited, United Solar Ovonic LLC, AVANCIS GmbH, PowerFilm Inc., Solar Frontier Kabushiki Kaisha, MiaSole Hi-Tech Corp., Heliatek GmbH, Flisom AG, Oxford Photovoltaics Limited, Soltecture Solartechnik GmbH, Ascent Solar Technologies Inc., Dycotec Materials Ltd., NanoPV Solar Inc., Polysolar Ltd., Sunflare Inc., Canadian Solar Inc., Enerage Inc.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on imported solar panels have influenced the thin-film photovoltaic market by raising costs for manufacturers relying on international supply chains and imported components. This has particularly affected segments such as rigid and flexible modules in regions like Asia-Pacific and North America, where imports are significant. While tariffs increase production costs, they also encourage local manufacturing investments and innovation in domestic production of thin-film pv modules, creating potential long-term growth opportunities.

The thin-film photovoltaics (PV) modules market research report is one of a series of new reports that provides thin-film photovoltaics (PV) modules market statistics, including the thin-film photovoltaics (PV) modules industry global market size, regional shares, competitors with the thin-film photovoltaics (PV) modules market share, detailed thin-film photovoltaics (PV) modules market segments, market trends, and opportunities, and any further data you may need to thrive in the thin-film photovoltaics (PV) modules industry. This thin-film photovoltaics (PV) modules market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A thin-film photovoltaic (PV) module is a type of solar panel made by depositing one or more layers of photovoltaic material onto a substrate. These modules are designed to convert sunlight into electricity and are recognized for their lightweight, flexible, and cost-effective construction, making them suitable for applications where traditional solar panels might be too bulky or rigid.

Thin-film photovoltaic (PV) modules come in two main types, rigid and flexible. A rigid thin-film PV module is a durable solar panel constructed using thin-film technology on a solid, inflexible substrate such as glass or metal. These modules offer high efficiency and stability, making them suitable for various applications. Key components of thin-film PV systems include modules, inverters, and balance-of-systems components. The materials used in manufacturing these modules include cadmium telluride, amorphous silicon, copper indium gallium selenide, perovskite, organic photovoltaic, copper zinc tin sulfide, quantum dot thin-film solar cells, and all-silicon tandem solar cells. Thin-film PV modules are employed in various applications such as building-integrated photovoltaics, rooftop installations, and large-scale utility projects. The main end users of these modules include residential, commercial, industrial, and utility sectors.North America was the largest region in the thin-film photovoltaics (PV) module market in 2025. The regions covered in the thin-film photovoltaics (pv) module market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the thin-film photovoltaics (pv) module market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The thin-film photovoltaic (PV) module market consists of sales of dye-sensitized solar cells, and portable solar modules. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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