PUBLISHER: IMARC | PRODUCT CODE: 1370486
PUBLISHER: IMARC | PRODUCT CODE: 1370486
Thin Film Solar Cell Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
Market Overview:
The global thin film solar cell market size reached US$ 14.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.2 Billion by 2028, exhibiting a growth rate (CAGR) of 12.3% during 2023-2028.
A thin film solar cell (TFSC) is a renewable energy device designed to convert light energy into electrical energy. It is produced by depositing one or more thin layers of photovoltaic materials on substrates, such as glass, plastic, and metal. Cadmium telluride (CdTe), amorphous silicon (a-Si), copper indium gallium selenide (CIGS), and gallium arsenide (GaAs) are some commonly used photovoltaic materials in TFSC. It is widely used in electronic powering circuits, home light applications, solar fields, rooftop installations, recreational vehicles, and camping. As compared to conventional photovoltaic cells, TFSC is more lightweight, cost-effective, and provides enhanced flexibility for wide-ranging applications. It also offers larger area modules, shorter energy payback periods, lower material consumption, monolithic integration, and tuneable material properties.
Thin Film Solar Cell Market Trends:
The increasing adoption of renewable energy sources due to the rising environmental concerns among the masses across the globe is creating a positive outlook for the market. A TFSC is a sustainable, renewable, clean, and reliable energy source that generates power without creating noise pollution or producing toxic and greenhouse gases (GHG). In addition, the rising demand for solar-powered light on road dividers and streets is acting as another growth-inducing factor. Furthermore, widespread product adoption due to the rising energy consumption, coupled with increasing electricity prices, is providing an impetus to the market growth. Additionally, extensive research and development (R&D) activities in anti-reflective coatings, surface texturing, plasmonic light capture, and optimizing solar cell materials to enhance the efficiency and absorption capabilities of TFSC are providing an impetus to the market growth. Moreover, the integration of nanotechnology that provides an improved optical path for absorption, reduces recombination losses, and offers design flexibility is positively influencing the market growth. Other factors, including increasing initiatives by several governments toward sustainable development, decreasing dependence on fossil fuels, and recent technological advancements to reduce production costs, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global thin film solar cell market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, installation and end user.
Breakup by Type:
Cadmium Telluride
Amorphous Thin-Film Silicon
Copper Indium Gallium Selenide
Microcrystalline Tandem Cells
Thin-Film Polycrystalline Silicon
Others
Breakup by Installation:
On-Grid
Off-Grid
Breakup by End User:
Residential
Commercial
Utility
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Ascent Solar Technologies Inc., First Solar Inc., Flisom, Hanergy Thin Film Power EME B.V., Kaneka Corporation, Miasole (Hanergy Holding Group Ltd.), Oxford Photovoltaics Limited, Trony Solar Holdings Company Limited and Wuxi Suntech Power Co. Ltd.
Key Questions Answered in This Report
- 1. What was the size of the global thin film solar cell market in 2022?
- 2. What is the expected growth rate of the global thin film solar cell market during 2023-2028?
- 3. What are the key factors driving the global thin film solar cell market?
- 4. What has been the impact of COVID-19 on the global thin film solar cell market?
- 5. What is the breakup of the global thin film solar cell market based on the type?
- 6. What is the breakup of the global thin film solar cell market based on the installation?
- 7. What is the breakup of the global thin film solar cell market based on the end user?
- 8. What are the key regions in the global thin film solar cell market?
- 9. Who are the key players/companies in the global thin film solar cell market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Thin Film Solar Cell Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Cadmium Telluride
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Amorphous Thin-Film Silicon
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Copper Indium Gallium Selenide
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Microcrystalline Tandem Cells
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Thin-Film Polycrystalline Silicon
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Installation
- 7.1 On-Grid
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Off-Grid
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End User
- 8.1 Residential
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Utility
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Ascent Solar Technologies Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 First Solar Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Flisom
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Hanergy Thin Film Power EME B.V.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Kaneka Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Miasole (Hanergy Holding Group Ltd.)
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Oxford Photovoltaics Limited
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Trony Solar Holdings Company Limited
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Wuxi Suntech Power Co. Ltd
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.1 Ascent Solar Technologies Inc.
List of Figures
- Figure 1: Global: Thin Film Solar Cell Market: Major Drivers and Challenges
- Figure 2: Global: Thin Film Solar Cell Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Thin Film Solar Cell Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Thin Film Solar Cell Market: Breakup by Type (in %), 2022
- Figure 5: Global: Thin Film Solar Cell Market: Breakup by Installation (in %), 2022
- Figure 6: Global: Thin Film Solar Cell Market: Breakup by End User (in %), 2022
- Figure 7: Global: Thin Film Solar Cell Market: Breakup by Region (in %), 2022
- Figure 8: Global: Thin Film Solar Cell (Cadmium Telluride) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Thin Film Solar Cell (Cadmium Telluride) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Thin Film Solar Cell (Amorphous Thin-Film Silicon) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Thin Film Solar Cell (Amorphous Thin-Film Silicon) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Thin Film Solar Cell (Copper Indium Gallium Selenide) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Thin Film Solar Cell (Copper Indium Gallium Selenide) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Thin Film Solar Cell (Microcrystalline Tandem Cells) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Thin Film Solar Cell (Microcrystalline Tandem Cells) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Thin Film Solar Cell (Thin-Film Polycrystalline Silicon) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Thin Film Solar Cell (Thin-Film Polycrystalline Silicon) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Thin Film Solar Cell (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Thin Film Solar Cell (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Thin Film Solar Cell (On-Grid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Thin Film Solar Cell (On-Grid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Thin Film Solar Cell (Off-Grid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Thin Film Solar Cell (Off-Grid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Thin Film Solar Cell (Residential) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Thin Film Solar Cell (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Thin Film Solar Cell (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Thin Film Solar Cell (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Thin Film Solar Cell (Utility) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Thin Film Solar Cell (Utility) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: North America: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: North America: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: United States: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: United States: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Canada: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Canada: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Asia-Pacific: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Asia-Pacific: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: China: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: China: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Japan: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Japan: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: India: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: India: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: South Korea: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: South Korea: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Australia: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Australia: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Indonesia: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Indonesia: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Others: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Others: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Europe: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Europe: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Germany: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Germany: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: France: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: France: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: United Kingdom: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: United Kingdom: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Italy: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Italy: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Spain: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Spain: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Russia: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Russia: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Latin America: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Latin America: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Brazil: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Brazil: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Mexico: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Mexico: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Middle East and Africa: Thin Film Solar Cell Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Middle East and Africa: Thin Film Solar Cell Market: Breakup by Country (in %), 2022
- Figure 78: Middle East and Africa: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Global: Thin Film Solar Cell Industry: SWOT Analysis
- Figure 80: Global: Thin Film Solar Cell Industry: Value Chain Analysis
- Figure 81: Global: Thin Film Solar Cell Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Thin Film Solar Cell Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Thin Film Solar Cell Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Thin Film Solar Cell Market Forecast: Breakup by Installation (in Million US$), 2023-2028
- Table 4: Global: Thin Film Solar Cell Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Thin Film Solar Cell Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Thin Film Solar Cell Market: Competitive Structure
- Table 7: Global: Thin Film Solar Cell Market: Key Players
