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Thin Film Solar Cell Trends and Forecast
The future of the global thin film solar cell market looks promising with opportunities in the residential, commercial, and utility markets. The global thin film solar cell market is expected to reach an estimated $19.6 billion by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are growing demand for solar-powered light on road dividers and streets and rising need for energy in worldwide.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Thin Film Solar Cell by Segment
The study includes a forecast for the global thin film solar cell by type, end use, and region.
Thin Film Solar Cell Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Cadmium Telluride
• Amorphous Thin-Film Silicon
• Copper Indium Gallium Selenide
• Microcrystalline Tandem Cells
• Thin-Film Polycrystalline Silicon
• Others
Thin Film Solar Cell Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Residential
• Commercial
• Utility
Thin Film 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 Thin Film 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 thin film solar cell companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the thin film solar cell companies profiled in this report include-
• Ascent Solar Technologies
• First Solar
• Flisom
• Hanergy Thin Film Power
• Kaneka
• Miasole
• Oxford Photovoltaics
Thin Film Solar Cell Market Insights
Lucintel forecasts that cadmium telluride is expected to witness highest growth over the forecast period due to its widespread application in residential and industrial settings owing to its high-efficiency level and affordability.
APAC is expected to witness highest growth over the forecast period due to continual growth of population, growing preference for solar based energy, and increasing populationÄX%$%Xs disposable income in the region.
Features of the Global Thin Film Solar Cell Market
Market Size Estimates: Thin film solar cell market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Thin film solar cell market size by type, end use, and region in terms of value ($B).
Regional Analysis: Thin film solar cell market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, end uses, and regions for the thin film solar cell market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the thin film solar cell market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the thin film solar cell market size?
Answer: The global thin film solar cell market is expected to reach an estimated $19.6 billion by 2030.
Q.2 What is the growth forecast for thin film solar cell market?
Answer: The global thin film solar cell market is expected to grow with a CAGR of 7.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the thin film solar cell market?
Answer: The major drivers for this market are growing demand for solar-powered light on road dividers and streets and rising need for energy in worldwide.
Q4. What are the major segments for thin film solar cell market?
Answer: The future of the thin film solar cell market looks promising with opportunities in the residential, commercial, and utility markets.
Q5. Who are the key thin film solar cell market companies?
Answer: Some of the key thin film solar cell companies are as follows:
• Ascent Solar Technologies
• First Solar
• Flisom
• Hanergy Thin Film Power
• Kaneka
• Miasole
• Oxford Photovoltaics
Q6. Which thin film solar cell market segment will be the largest in future?
Answer: Lucintel forecasts that cadmium telluride is expected to witness highest growth over the forecast period due to its widespread application in residential and industrial settings owing to its high-efficiency level and affordability.
Q7. In thin film solar cell market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to continual growth of population, growing preference for solar based energy, and increasing populationÄX%$%Xs disposable income in the region.
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 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), 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 Thin Film Solar Cell Market, Thin Film Solar Cell Market Size, Thin Film Solar Cell Market Growth, Thin Film Solar Cell Market Analysis, Thin Film Solar Cell Market Report, Thin Film Solar Cell Market Share, Thin Film Solar Cell Market Trends, Thin Film Solar Cell Market Forecast, Thin Film 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 Thin Film 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 Thin Film Solar Cell Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Thin Film Solar Cell Market by Type
3.3.1: Cadmium Telluride
3.3.2: Amorphous Thin-Film Silicon
3.3.3: Copper Indium Gallium Selenide
3.3.4: Microcrystalline Tandem Cells
3.3.5: Thin-Film Polycrystalline Silicon
3.3.6: Others
3.4: Global Thin Film Solar Cell Market by End Use
3.4.1: Residential
3.4.2: Commercial
3.4.3: Utility
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Thin Film Solar Cell Market by Region
4.2: North American Thin Film Solar Cell Market
4.2.2: North American Thin Film Solar Cell Market by End Use: Residential, Commercial, and Utility
4.3: European Thin Film Solar Cell Market
4.3.1: European 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
4.3.2: European Thin Film Solar Cell Market by End Use: Residential, Commercial, and Utility
4.4: APAC Thin Film Solar Cell Market
4.4.1: APAC 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
4.4.2: APAC Thin Film Solar Cell Market by End Use: Residential, Commercial, and Utility
4.5: ROW Thin Film Solar Cell Market
4.5.1: ROW 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
4.5.2: ROW Thin Film 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 Thin Film Solar Cell Market by Type
6.1.2: Growth Opportunities for the Global Thin Film Solar Cell Market by End Use
6.1.3: Growth Opportunities for the Global Thin Film Solar Cell Market by Region
6.2: Emerging Trends in the Global Thin Film Solar Cell Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Thin Film Solar Cell Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Thin Film Solar Cell Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Ascent Solar Technologies
7.2: First Solar
7.3: Flisom
7.4: Hanergy Thin Film Power
7.5: kaneka
7.6: Miasole
7.7: Oxford Photovoltaics
.
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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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