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Next-Generation Solar Cell Trends and Forecast
The future of the global next-generation solar cell market looks promising with opportunities in the residential, commercial, and utility markets. The global next-generation solar cell market is expected to reach an estimated $7.9 billion by 2030 with a CAGR of 15.7% from 2024 to 2030. The major drivers for this market are increasing demand for renewable energy and growing need to reduce carbon emissions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Next-Generation Solar Cell by Segment
The study includes a forecast for the global next-generation solar cell by material, installation, end use, and region.
Next-Generation Solar Cell Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Cadmium Telluride (CdTe)
• Copper Indium Gallium Selenide (CIGS)
• Amorphous Silicon
• Gallium-Arsenide
• Others
Next-Generation Solar Cell Market by Installation [Shipment Analysis by Value from 2018 to 2030]:
• On-Grid
• Off-Grid
Next-Generation Solar Cell Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Residential
• Commercial
• Utility
Next-Generation Solar Cell Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Next-Generation Solar Cell Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies next-generation solar cell companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the next-generation solar cell companies profiled in this report include-
• First Solar
• Hanwha Q Cells
• Ascent Solar Technologies
• Oxford PV
• Kaneka Solar Energy
• Flisom
• Solactron
• Mitsubishi Chemical Group
• Miasole
• Hanergy Thin Film Power Group
Next-Generation Solar Cell Market Insights
Lucintel forecasts that cadmium telluride is expected to witness highest growth over the forecast period due to its significant usage in the utility-scale solar industry and large-scale solar power plants given to its high efficiency and affordability.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Next-Generation Solar Cell Market
Market Size Estimates: Next-generation solar cell market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Next-generation solar cell market size by material, installation, end use, and region in terms of value ($B).
Regional Analysis: Next-generation solar cell market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different materials, installations, end uses, and regions for the next-generation solar cell market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the next-generation solar cell market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the next-generation solar cell market size?
Answer: The global next-generation solar cell market is expected to reach an estimated $7.9 billion by 2030.
Q.2 What is the growth forecast for next-generation solar cell market?
Answer: The global next-generation solar cell market is expected to grow with a CAGR of 15.7% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the next-generation solar cell market?
Answer: The major drivers for this market are increasing demand for renewable energy and growing need to reduce carbon emissions.
Q4. What are the major segments for next-generation solar cell market?
Answer: The future of the next-generation solar cell market looks promising with opportunities in the residential, commercial, and utility markets.
Q5. Who are the key next-generation solar cell market companies?
Answer: Some of the key next-generation solar cell companies are as follows:
• First Solar
• Hanwha Q Cells
• Ascent Solar Technologies
• Oxford PV
• Kaneka Solar Energy
• Flisom
• Solactron
• Mitsubishi Chemical Group
• Miasole
• Hanergy Thin Film Power Group
Q6. Which next-generation solar cell market segment will be the largest in future?
Answer: Lucintel forecasts that cadmium telluride is expected to witness highest growth over the forecast period due to its significant usage in the utility-scale solar industry and large-scale solar power plants given to its high efficiency and affordability.
Q7. In next-generation solar cell market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the next-generation solar cell market by material (cadmium telluride (CdTe), copper indium gallium selenide (CIGS), amorphous silicon, gallium-arsenide, and others), installation (on-grid and off-grid), end use (residential, commercial, and utility), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Next-Generation Solar Cell Market, Next-Generation Solar Cell Market Size, Next-Generation Solar Cell Market Growth, Next-Generation Solar Cell Market Analysis, Next-Generation Solar Cell Market Report, Next-Generation Solar Cell Market Share, Next-Generation Solar Cell Market Trends, Next-Generation Solar Cell Market Forecast, Next-Generation Solar Cell Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Next-Generation Solar Cell Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Next-Generation Solar Cell Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Next-Generation Solar Cell Market by Material
3.3.1: Cadmium Telluride (CdTe)
3.3.2: Copper Indium Gallium Selenide (CIGS)
3.3.3: Amorphous Silicon
3.3.4: Gallium-Arsenide
3.3.5: Others
3.4: Global Next-Generation Solar Cell Market by Installation
3.4.1: On-Grid
3.4.2: Off-Grid
3.5: Global Next-Generation Solar Cell Market by End Use
3.5.1: Residential
3.5.2: Commercial
3.5.3: Utility
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Next-Generation Solar Cell Market by Region
4.2: North American Next-Generation Solar Cell Market
4.2.2: North American Next-Generation Solar Cell Market by End Use: Residential, Commercial, and Utility
4.3: European Next-Generation Solar Cell Market
4.3.1: European Next-Generation Solar Cell Market by Material: Cadmium Telluride (CdTe), Copper Indium Gallium Selenide (CIGS), Amorphous Silicon, Gallium-Arsenide, and Others
4.3.2: European Next-Generation Solar Cell Market by End Use: Residential, Commercial, and Utility
4.4: APAC Next-Generation Solar Cell Market
4.4.1: APAC Next-Generation Solar Cell Market by Material: Cadmium Telluride (CdTe), Copper Indium Gallium Selenide (CIGS), Amorphous Silicon, Gallium-Arsenide, and Others
4.4.2: APAC Next-Generation Solar Cell Market by End Use: Residential, Commercial, and Utility
4.5: ROW Next-Generation Solar Cell Market
4.5.1: ROW Next-Generation Solar Cell Market by Material: Cadmium Telluride (CdTe), Copper Indium Gallium Selenide (CIGS), Amorphous Silicon, Gallium-Arsenide, and Others
4.5.2: ROW Next-Generation Solar Cell Market by End Use: Residential, Commercial, and Utility
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Next-Generation Solar Cell Market by Material
6.1.2: Growth Opportunities for the Global Next-Generation Solar Cell Market by Installation
6.1.3: Growth Opportunities for the Global Next-Generation Solar Cell Market by End Use
6.1.4: Growth Opportunities for the Global Next-Generation Solar Cell Market by Region
6.2: Emerging Trends in the Global Next-Generation Solar Cell Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Next-Generation Solar Cell Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Next-Generation Solar Cell Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: First Solar
7.2: Hanwha Q CELLS
7.3: Ascent Solar Technologies
7.4: Oxford PV
7.5: Kaneka Solar Energy
7.6: Flisom
7.7: Solactron
7.8: Mitsubishi Chemical Group
7.9: MiaSole
7.10: Hanergy thin film power group
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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