Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Thin Film Solar Cell Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global thin film solar cell market size reached US$ 12.54 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 25.63 Billion by 2027, exhibiting a growth rate (CAGR) of 11.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Installation, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global thin film solar cell market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global thin film solar cell market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the installation?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global thin film solar cell market and who are the key players?
  • What is the degree of competition in the industry?

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
    9.2    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
    9.3    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
    9.4    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
    9.5    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

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$), 2016-2021
Figure 3: Global: Thin Film Solar Cell Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Thin Film Solar Cell Market: Breakup by Type (in %), 2021
Figure 5: Global: Thin Film Solar Cell Market: Breakup by Installation (in %), 2021
Figure 6: Global: Thin Film Solar Cell Market: Breakup by End User (in %), 2021
Figure 7: Global: Thin Film Solar Cell Market: Breakup by Region (in %), 2021
Figure 8: Global: Thin Film Solar Cell (Cadmium Telluride) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Thin Film Solar Cell (Cadmium Telluride) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Thin Film Solar Cell (Amorphous Thin-Film Silicon) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Thin Film Solar Cell (Amorphous Thin-Film Silicon) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Thin Film Solar Cell (Copper Indium Gallium Selenide) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Thin Film Solar Cell (Copper Indium Gallium Selenide) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Thin Film Solar Cell (Microcrystalline Tandem Cells) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Thin Film Solar Cell (Microcrystalline Tandem Cells) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Thin Film Solar Cell (Thin-Film Polycrystalline Silicon) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Thin Film Solar Cell (Thin-Film Polycrystalline Silicon) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Thin Film Solar Cell (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Thin Film Solar Cell (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Thin Film Solar Cell (On-Grid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Thin Film Solar Cell (On-Grid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Thin Film Solar Cell (Off-Grid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Thin Film Solar Cell (Off-Grid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Thin Film Solar Cell (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Thin Film Solar Cell (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Thin Film Solar Cell (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Thin Film Solar Cell (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Thin Film Solar Cell (Utility) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Thin Film Solar Cell (Utility) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Thin Film Solar Cell Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Thin Film Solar Cell Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Thin Film Solar Cell Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Thin Film Solar Cell Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Thin Film Solar Cell Market Forecast: Breakup by Installation (in Million US$), 2022-2027
Table 4: Global: Thin Film Solar Cell Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Thin Film Solar Cell Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Thin Film Solar Cell Market: Competitive Structure
Table 7: Global: Thin Film Solar Cell Market: Key Players


Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links

4