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CdTe Thin Film Solar Cell Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: First Solar, Calyxo, Antec Solar Energy AG, Lucintech

03 Jan, 2020 | 98 Pages
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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 Overview



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.



Who are the Major Players in An CdTe Thin Film Solar Cell Market?



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.



Industry Updates:



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.



What are the major Applications, Types and Regions for CdTe Thin Film Solar Cell Market?



CdTe Thin Film Solar Cell Market is segmented based on the type, applications, companies and regions.



Market Volume (%) By Type, it is segmented into




  • Rigid CdTe Thin Film Solar Cell

  • Flexible CdTe Thin Film Solar Cell

  • Others



Market Volume (%) By Applications it is segmented into




  • Residential Application

  • Commercial Application

  • Utility Application

  • Other



CdTe Thin Film Solar Cell Market Regional Analysis



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,




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





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.



What is our CdTe Thin Film Solar Cell Market report scope?



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)




  • Rigid CdTe Thin Film Solar Cell

  • Flexible CdTe Thin Film Solar Cell

  • Others



Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022)




  • Residential Application

  • Commercial Application

  • Utility Application

  • Others



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




  • 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



 



Customization Available



 



 



Yes, the report can be customized as per your needs




Key Highlights from this CdTe Thin Film Solar Cell Report




  • A comprehensive backdrop analysis, which contains an assessment of the parent market

  • Essential changes in market dynamics.

  • Market segmentation up to the second or third level.

  • Historical, current, and projected size of the market from the standpoint of both value and volume.

  • Reporting and evaluation of recent industry developments.

  • Market shares and strategies of major players.

  • Emerging niche segments and regional markets.

  • An objective assessment of the trajectory of the market.

  • Recommendations to companies for strengthening their foothold in the market.



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.



Frequently Asked Questions



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.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL CDTE THIN FILM SOLAR CELL MARKET BY TYPES

    3. GLOBAL CDTE THIN FILM SOLAR CELL MARKET BY APPLICATION



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASED DEMAND FROM APPLICATIONS

      2. INCREASING DEMAND FOR CDTE THIN FILM SOLAR CELL



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST OF RAW MATERIAL



    3. OPPORTUNITIES

      1. CDTE THIN FILM SOLAR CELL GROWTH

      2. APPLICATION OF CDTE THIN FILM SOLAR CELL



    4. IMPACT OF COVID 19



  5. GLOBAL CDTE THIN FILM SOLAR CELL MARKET, BY TYPES

    1. Introduction

    2. Rigid CdTe Thin Film Solar Cell

    3. Flexible CdTe Thin Film Solar Cell

    4. Others



  6. GLOBAL CDTE THIN FILM SOLAR CELL MARKET, BY APPLICATION

    1. Introduction

    2. Residential Application

    3. Commercial Application

    4. Utility Application

    5. Others



  7. GLOBAL CDTE THIN FILM SOLAR CELL MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. First Solar

      2. Calyxo

      3. Antec Solar Energy AG

      4. Lucintech

      5. ASP

      6. 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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