The global market for Thin Films Photovoltaic is expected to register a CAGR of more than 23.06% during the forecast period 2022-2027.
The most commonly used PV cells in the industry are crystalline silicon and thin films PV cells. The market is currently dominated by crystalline silicon PV cells but thin film PV cells have also started gaining importance in the industry. Crystalline silicon PV cells have occupied around 80% of the market share so far but this is expected to fall on account of shortage of silicon and high manufacturing costs. Crystalline silicon PV cells mainly comprise mono-crystalline silicon, poly-crystalline silicon and ribbon silicon while thin film PV cells comprise cadmium-telluride (CdTe), copper-indium diselenide (CIS), copper-indium gallium diselenide (CIGS), amorphous silicon (a-Si), and others. There is a need for thin film PV technologies to continuously increase efficiency which translates to lower system costs coupled with high energy production. Manufacturing costs also need to be brought down in order to achieve competitive pricing. Improvement of efficiency from the current 7-14% to 9-17% in the next three to four years is the main area of interest in the industry. Some of the research labs have registered conversion efficiency as high as 30-40% and this has become a new source of interest among the key stakeholders of the market.
SEPTEMBER 13
SoloPower Systems Launches World’s Lightest Off-Grid Energy Solution to Bring Electricity to Emerging Economies
SoloPower Systems (“SoloPower”), the photovoltaic technology company specializing in the design, manufacture and deployment of CIGS flexible thin-film solar technology, announced today that it is launching Solo BucketTM, a new portable power kit that will bring electricity to emerging economies around the world, with an inaugural order of 10,000 units. Solo Bucket, the world’s lightest off-grid energy solution, is designed to meet the harsh conditions in regions such as Africa and India and improve access to human rights, such as education and healthcare.
Thin Films Photovoltaic Market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Applications, it is segmented into
The global thin-film photovoltaic market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific region is expected to observe significant growth over the forecast timeframe owing to rapidly growing energy consumption coupled with positive government targets to incorporate solar as a major source in the generation mix. In Europe, favorable administrative and organizational policies along with the presence of experienced solar panels manufacturers are anticipated to cater to the regional industry outlook. North America is likely to witness a significant pace owing to the presence of tax subsidies along with various initiatives for research & development to develop cost-effective and more efficient systems.,
The Thin Films Photovoltaic Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Thin Films Photovoltaic Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Thin Films Photovoltaic Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this 5G Base Station Chips Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.
Reports Attributes | Report Details |
Forecast Period 2022 to 2028 CAGR | CAGR of 23.06% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | SoloPower Systems, Kaneka Corporation (Tokyo :4118.T), JA Solar Technology Co., Ltd. (Shenzhen :002459.SZ), Suntech Power Holdings, Yingli Green Trina Solar, Jinko Solar, Panasonic Corporation |
Regions Covered | • North America • Europe • Asia-Pacific • Rest of the World |
Countries Covered | • US • Canada • Germany • France • UK • Italy • Spain • Rest of Europe • China • Japan • India • Australia • South Korea • Rest of Asia-Pacific • Middle East & Africa • Latin America |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 130 |
Customization Available | Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Thin Films Photovoltaic Market is studied from 2017 - 2027.
Who are the key players in Thin Films Photovoltaic Market?
SoloPower Systems, Kaneka Corporation (Tokyo :4118.T), JA Solar Technology Co., Ltd. (Shenzhen :002459.SZ), Suntech Power Holdings, Yingli Green Trina Solar, Jinko Solar, Panasonic Corporation, Sharp Corporation, Mitsubishi, Kyocera Corporation and others.
What are the significant types of Thin Films Photovoltaic Market?
Organic Photovoltaic, Inorganic Photovoltaic, Others.
What are the major end-use applications of Thin Films Photovoltaic Market?
Residential, Utility, Commercial, Military, Others.
What segments are covered in the Thin Films Photovoltaic Market report?
The Global Thin Films Photovoltaic Market is segmented on the basis of Product, Application, and Geography.
How can I get a sample report/company profile for the Thin Films Photovoltaic Market?
The sample report for the Thin Films Photovoltaic Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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