The Latin America, Middle East and Africa Thin-Film Photovoltaic Market should witness market growth of 18.0% CAGR during the forecast period (2023-2030).
The quantity of active substances in a cell is decreased via thin-film technologies. A hard substrate consisting of glass, plastic, or metal may be used to support the active layer or a flexible substrate like fabric may be used to create the cell. According to life cycle analyses, thin-film solar cells are typically less expensive than crystalline silicon solar cells and have a less significant environmental impact. They are also perfect for building-integrated photovoltaics because of their thin and flexible nature.
The demand for electricity is also increasing due to growing urbanization. This phenomenon increased demand for solar panels, which fueled demand for thin-film photovoltaic, which drove the industry. The market also benefits greatly from the growth in demand for solar lights for street and road barriers.
In the Latin America region, focusing on 2030 and 2050, the International Renewable Energy Agency (IRENA) created the Renewable Energy Roadmaps Programme, or REmap, to offer solutions for the energy transition at the national and regional levels. Development of Renewable Energy by the League of Arab States (also known as the Arab League) paved the way for regional cooperation to encourage the deployment of renewable energy in the Arab world. This was accomplished by laying the framework for regional cooperation. Through this deployment, the region's installed renewable power generation capacity was pledged to growto 80 GW in 2030. Hence, these elements will help the regional market grow rapidly.
The Brazil market dominated the LAMEA Thin-Film Photovoltaic Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $255.3 million by 2030. The Argentina market is estimated to witness a CAGR of 18.6% during (2023-2030). Additionally, The UAE market would register a CAGR of 17.4% during (2023-2030).
Based on Component, the market is segmented into Module, Inverter, and Balance of System (BOS). Based on Material, the market is segmented into Cadmium Telluride, Copper Indium Gallium Selenide (CIGS), Amorphous Silicon (A-SI), Perovskite, Organic PV, Copper Zinc Tin Sulfide (CZTS) and Quantum Dot Thin Film Solar Cells & All-Silicon Tandem. Based on End-user, the market is segmented into Utilities, Commercial & Industrial and Residential. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kyocera Corporation, Kaneka Corporation, Mitsubishi Electric Corporation, Sharp Corporationm, Jinko Solar Holding Co., Ltd., Panasonic Holdings Corporation, Emeren Group Ltd. (ReneSola Co. Ltd.), JA SOLAR Technology Co., Ltd., Suntech Power Holdings Co. Ltd., Yingli Solar Co., Ltd.
The quantity of active substances in a cell is decreased via thin-film technologies. A hard substrate consisting of glass, plastic, or metal may be used to support the active layer or a flexible substrate like fabric may be used to create the cell. According to life cycle analyses, thin-film solar cells are typically less expensive than crystalline silicon solar cells and have a less significant environmental impact. They are also perfect for building-integrated photovoltaics because of their thin and flexible nature.
The demand for electricity is also increasing due to growing urbanization. This phenomenon increased demand for solar panels, which fueled demand for thin-film photovoltaic, which drove the industry. The market also benefits greatly from the growth in demand for solar lights for street and road barriers.
In the Latin America region, focusing on 2030 and 2050, the International Renewable Energy Agency (IRENA) created the Renewable Energy Roadmaps Programme, or REmap, to offer solutions for the energy transition at the national and regional levels. Development of Renewable Energy by the League of Arab States (also known as the Arab League) paved the way for regional cooperation to encourage the deployment of renewable energy in the Arab world. This was accomplished by laying the framework for regional cooperation. Through this deployment, the region's installed renewable power generation capacity was pledged to growto 80 GW in 2030. Hence, these elements will help the regional market grow rapidly.
The Brazil market dominated the LAMEA Thin-Film Photovoltaic Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $255.3 million by 2030. The Argentina market is estimated to witness a CAGR of 18.6% during (2023-2030). Additionally, The UAE market would register a CAGR of 17.4% during (2023-2030).
Based on Component, the market is segmented into Module, Inverter, and Balance of System (BOS). Based on Material, the market is segmented into Cadmium Telluride, Copper Indium Gallium Selenide (CIGS), Amorphous Silicon (A-SI), Perovskite, Organic PV, Copper Zinc Tin Sulfide (CZTS) and Quantum Dot Thin Film Solar Cells & All-Silicon Tandem. Based on End-user, the market is segmented into Utilities, Commercial & Industrial and Residential. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kyocera Corporation, Kaneka Corporation, Mitsubishi Electric Corporation, Sharp Corporationm, Jinko Solar Holding Co., Ltd., Panasonic Holdings Corporation, Emeren Group Ltd. (ReneSola Co. Ltd.), JA SOLAR Technology Co., Ltd., Suntech Power Holdings Co. Ltd., Yingli Solar Co., Ltd.
Scope of the Study
By Component
- Module
- Inverter
- Balance of System (BOS)
By Material
- Cadmium Telluride
- Copper Indium Gallium Selenide (CIGS)
- Amorphous Silicon (A-SI)
- Perovskite
- Organic PV
- Copper Zinc Tin Sulfide (CZTS)
- Quantum Dot Thin Film Solar Cells & All-Silicon Tandem
By End-user
- Utilities
- Commercial & Industrial
- Residential
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Kyocera Corporation
- Kaneka Corporation
- Mitsubishi Electric Corporation
- Sharp Corporation
- Jinko Solar Holding Co., Ltd.
- Panasonic Holdings Corporation
- Emeren Group Ltd. (ReneSola Co. Ltd.)
- JA SOLAR Technology Co., Ltd.
- Suntech Power Holdings Co. Ltd.
- Yingli Solar Co., Ltd.
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Thin-Film Photovoltaic Market by Component
Chapter 5. LAMEA Thin-Film Photovoltaic Market by Material
Chapter 6. LAMEA Thin-Film Photovoltaic Market by End User
Chapter 7. LAMEA Thin-Film Photovoltaic Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Kyocera Corporation
- Kaneka Corporation
- Mitsubishi Electric Corporation
- Sharp Corporation
- Jinko Solar Holding Co., Ltd.
- Panasonic Holdings Corporation
- Emeren Group Ltd. (ReneSola Co. Ltd.)
- JA SOLAR Technology Co., Ltd.
- Suntech Power Holdings Co. Ltd.
- Yingli Solar Co., Ltd.
Methodology
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