Registering a CAGR of 16.7% over the forecast period of 2022-2027, the global CdTe thin-film solar cell market is anticipated to reach the market value of US$ 10040 million in the year 2027 from US$ 4199.3 million in the year 2022.
CdTe thin film solar cell market is anticipated to grow at a significant CAGR during the forecast period. The major factor driving the growth of this market is the increasing demand for environment-friendly products and rise in installation of solar power systems. However, high cost of CdTe thin film solar cells is expected to hinder the growth of this market during the forecast period.
Thin-film solar cells refer to the fact that these types of solar cells use a much thinner level of photovoltaic material than multi-crystalline solar cells or mono-crystalline solar cells. The thin-film solar cells are created by depositing one or multiple thin layers or thin-film (TF) of photovoltaic material on a substrate like metal, plastic or glass. Thin-film solar cells are commercially used in numerous technologies including amorphous thin-film silicon, copper indium gallium diselenide, and telluride.
Top Key Players in the CdTe Thin Film Solar Cell Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global CdTe Thin Film Solar Cell Market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include First Solar, Calyxo, Antec Solar Energy AG, Lucintech, ASP and others.
On September 28th, 2021, Sharp launches new 540W half-cut cell PV panel-
Sharp today announces the addition of a new 540W monocrystalline silicon photovoltaic (PV) panel to its half-cut cell portfolio – the NU-JD540. The new high wattage module is designed specifically for free-field and commercial rooftop installations, providing customers with a cutting edge design and high reliability.
August 05, 2014, First Solar Builds the Highest Efficiency Thin Film PV Cell on Record-
First Solar, Inc. (Nasdaq: FSLR) today announced it has set a world record for cadmium-telluride (CdTe) photovoltaic (PV) research cell conversion efficiency, achieving 21.0 percent efficiency certified at the Newport Corporation's Technology and Applications Center (TAC) PV Lab. The record-setting cell was constructed at the company's Perrysburg, Ohio manufacturing factory and Research & Development Center, using processes and materials designed for commercial-scale manufacturing.
CdTe Thin Film Solar Cell Market is segmented based on the type, applications, companies and regions.
Market Volume (%) By Type, it is segmented into
Market Volume (%) By Applications it is segmented into
China, Japan, South Korea and the U.S. are the leading markets for CdTe thin film solar cells, which accounted for more than half of all installations in 2018. China's market share is expected to increase to 60% in 2023, as it continues to be a dominant force in the global CdTe thin film solar cell market.
All these factors greatly affect the CdTe Thin Film Solar Cell market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
The CdTe Thin Film Solar Cell 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 CdTe Thin Film Solar Cell Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
The report includes in-depth assessment of the competitive landscape, product market sizing (Value and Volume), product benchmarking, market trends, product developments, financial analysis, strategic analysis and many more to measure the impact forces and potential opportunities of the market. As well as this the report also includes a study of major developments in the market like product launches, agreements, acquisitions, collaborations, mergers and many more to comprehend the prevailing market dynamics at current and its impact in the forecast period 2022-2027.
Report Attributes
| Report Details |
Forecast Period 2022 to 2027 CAGR (Value and Volume) |
CAGR of 16.7% during the review period (2022 to 2027). |
Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022) |
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Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022) |
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Quantitative units | Revenue in USD million/billion and CAGR from 2022 to 2027 |
By Companies | First Solar, Calyxo, Antec Solar Energy AG, Lucintech, ASP |
Regions Covered |
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
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2022 to 2027 |
Customization Available
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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 CdTe Thin Film Solar Cell Market is studied from 2017 - 2027.
What is the growth rate of CdTe Thin Film Solar Cell Market?
The CdTe Thin Film Solar Cell Market is growing at a CAGR of 16.7% over the next 5 years.
Who are the key players in CdTe Thin Film Solar Cell Market?
First Solar, Calyxo, Antec Solar Energy AG, Lucintech, ASP
What region does this CdTe Thin Film Solar Cell Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of CdTe Thin Film Solar Cell Market?
Rigid CdTe Thin Film Solar Cell, Flexible CdTe Thin Film Solar Cell, Others
What are the major end-use applications of CdTe Thin Film Solar Cell Market?
Residential Application, Commercial Application, Utility Application, Others.
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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