Thin-Film Solar Cell Market by Type (Cadmium Telluride, Amorphous Thin-film Silicon, Copper Indium Gallium Selenide, Microcrystalline Tandem Cells, Thin-film Polycrystalline Silicon, and Others), Installation (On-grid and Off-grid), and End User (Residential, Commercial, and Utility): Global Opportunity Analysis and Industry Forecast 2021–2030
The global thin-film solar cell market was valued at $11.3 billion in 2020, and is projected to reach $25.3 billion by 2030, growing at a CAGR of 8.4% from 2020 to 2030
Thin-film solar cells are the new generation solar cells that contain multiple thin-film layers of photo voltaic materials. Thin-film is the future of the solar industry as they are very economical, require less material, contain no toxic components, generate less waste, and very easy to manufacture.
The increase in governmental tariffs along with market assisting programs have increased the demand for solar energy as an efficient and alternative solution to decrease the carbon emissions. In addition, the demand for roof top Photovoltaics (PV) installations have gained major traction, which is expected to create potential growth opportunities for thin-film solar cell market. Moreover, R&D to increase the solar efficiency and durability of solar cells is expected to fuel the thin-film solar cell market by creating market growth opportunities. The factors that drive the market growth are increase in awareness toward green energy, rise in energy consumption across the globe, growth in installation flexibility, and cost & performance efficiency of thin-film solar cell.
The global thin-film solar cell market is segmented on the basis of type, installation, end-user, and region. Depending on type, the market is categorized into cadmium telluride, amorphous thin-film silicon, copper indium gallium selenide, microcrystalline tandem cells, thin-film polycrystalline silicon, and others. According to installation, it is divided into on-grid and off-grid. By end-user, it is classified into residential, commercial. and utility. Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The global thin-film solar cell market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Ascent Solar Technologies, Filsom AG, First Solar, Hanergy mobile energy, Kaneka corporation, Miasole, Mitsubishi Heavy Industries, Shunfeng International Clean Energy, SUNQ, and Trony Solar.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive qualitative and quantitative analysis of the current market trends and future estimations of the global thin-film solar cell from 2021 to 2030 to determine the prevailing opportunities.
A comprehensive analysis of the factors that drive and restrict the thin-film solar cell growth is provided.
Estimations and forecast are based on factors impacting the thin-film solar cell market growth, in terms of value.
Profiles of leading players operating in the thin-film solar cell market are provided to understand the global competitive scenario.
The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable thin film solar cell market growth.
KEY MARKET SEGMENTS
Amorphous Thin-film Silicon
Copper Indium Gallium selenide
Microcrystalline Tandem cells
Thin-film Polycrystalline Silicon
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
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