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Thin-Film Solar Cell Market by Type, Installation, and End User: Global Opportunity Analysis and Industry Forecast 2021-2030- Product Image
Thin-Film Solar Cell Market by Type, Installation, and End User: Global Opportunity Analysis and Industry Forecast 2021-2030- Product Image
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Thin-Film Solar Cell Market by Type, Installation, and End User: Global Opportunity Analysis and Industry Forecast 2021-2030

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    Report

  • 390 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5578190
UP TO OFF until Jan 30th 2025
Description Jump to:
The global thin-film solar cell market was valued at $11.3 billion in 2020, and is projected to reach $25.3 billion by 2030, growing at a CAGR of 8.4% from 2020 to 2030



Thin-film solar cells are the new generation solar cells that contain multiple thin-film layers of photo voltaic materials. Thin-film is the future of the solar industry as they are very economical, require less material, contain no toxic components, generate less waste, and very easy to manufacture.

The increase in governmental tariffs along with market assisting programs have increased the demand for solar energy as an efficient and alternative solution to decrease the carbon emissions. In addition, the demand for roof top Photovoltaics (PV) installations have gained major traction, which is expected to create potential growth opportunities for thin-film solar cell market. Moreover, R&D to increase the solar efficiency and durability of solar cells is expected to fuel the thin-film solar cell market by creating market growth opportunities. The factors that drive the market growth are increase in awareness toward green energy, rise in energy consumption across the globe, growth in installation flexibility, and cost & performance efficiency of thin-film solar cell.

The global thin-film solar cell market is segmented on the basis of type, installation, end-user, and region. Depending on type, the market is categorized into cadmium telluride, amorphous thin-film silicon, copper indium gallium selenide, microcrystalline tandem cells, thin-film polycrystalline silicon, and others. According to installation, it is divided into on-grid and off-grid. By end-user, it is classified into residential, commercial. and utility. Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.

The global thin-film solar cell market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Ascent Solar Technologies, Filsom AG, First Solar, Hanergy mobile energy, Kaneka corporation, Miasole, Mitsubishi Heavy Industries, Shunfeng International Clean Energy, SUNQ, and Trony Solar.

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an extensive qualitative and quantitative analysis of the current market trends and future estimations of the global thin-film solar cell from 2021 to 2030 to determine the prevailing opportunities
  • A comprehensive analysis of the factors that drive and restrict the thin-film solar cell growth is provided
  • Estimations and forecast are based on factors impacting the thin-film solar cell market growth, in terms of value
  • Profiles of leading players operating in the thin-film solar cell market are provided to understand the global competitive scenario
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable thin film solar cell market growth

KEY MARKET SEGMENTS


By Type

  • Cadmium Telluride
  • Amorphous Thin-film Silicon
  • Copper Indium Gallium selenide
  • Microcrystalline Tandem cells
  • Thin-film Polycrystalline Silicon
  • Others

By Technology

  • On-grid
  • Off-grid

By application

  • Residential
  • Commercial
  • Utility

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

 

Please note:

  • Online Access price format is valid for 60 days access. Printing is not enabled.
  • PDF Single and Enterprise price formats enable printing.

 

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits for Stakeholders
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Key Forces Shaping the Market
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Soaring Electricity Prices
3.4.1.2. Reduced Dependence on Foreign Oil and Fossil Fuels
3.4.1.3. Power Can Be Stored and Can Used at Any Time
3.4.2. Restraints
3.4.2.1. High Upfront Cost of Solar Energy
3.4.2.2. Low Energy Conversion Rate
3.4.3. Opportunities
3.4.3.1. Rising Electricity Demand in Remote Areas
3.4.3.2. Rising Clean and Renewable Energy Source
3.5. Pricing Analysis
3.6. Value Chain Analysis
3.7. Impact of Key Regulations on the Global Thin Film Solar Cell Market
3.8. Impact of Corona (Covid-19) Outbreak on the Market
Chapter 4: Global Thin Film Solar Cell, by Type
4.1. Overview
4.1.1. Market Size and Forecast, by Type
4.2. Cadmium Telluride
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, 2020-2030
4.2.3. Market Size and Forecast, 2020-2030
4.3. Amorphous Thin-Film Silicon
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, 2020-2030
4.3.3. Market Size and Forecast, 2020-2030
4.4. Copper Indium Gallium Selenide
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, 2020-2030
4.4.3. Market Size and Forecast, 2020-2030
4.5. Microcrystalline Tandem Cells
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, 2020-2030
4.5.3. Market Size and Forecast, 2020-2030
4.6. Thin-Film Polycrystalline Silicon
4.6.1. Key Market Trends, Growth Factors, and Opportunities
4.6.2. Market Size and Forecast, 2020-2030
4.6.3. Market Size and Forecast, 2020-2030
4.7. Others
4.7.1. Key Market Trends, Growth Factors, and Opportunities
4.7.2. Market Size and Forecast, 2020-2030
4.7.3. Market Size and Forecast, 2020-2030
Chapter 5: Global Thin Film Solar Cell, by Technology
5.1. Overview
5.1.1. Market Size and Forecast, by Technology
5.2. On-Grid
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, 2020-2030
5.2.3. Market Size and Forecast, 2020-2030
5.3. Off-Grid
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, 2020-2030
5.3.3. Market Size and Forecast, 2020-2030
Chapter 6: Global Thin Film Solar Cell Market, by Application
6.1. Overview
6.1.1. Market Size and Forecast, by Technology
6.2. Residential
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, 2020-2030
6.2.3. Market Size and Forecast, 2020-2030
6.3. Commercial
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, 2020-2030
6.3.3. Market Size and Forecast, 2020-2030
6.4. Utility
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, 2020-2030
6.4.3. Market Size and Forecast, 2020-2030
Chapter 7: Global Thin Film Solar Cell Market, by Region
7.1. Overview
7.1.1. Market Size and Forecast, by Region
7.2. North America
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Type
7.2.3. Market Size and Forecast, by Technology
7.2.4. Market Size and Forecast, by Application
7.2.5. Market Size and Forecast, by Country
7.2.5.1. U. S.
7.2.5.1.1. Market Size and Forecast, by Type
7.2.5.1.2. Market Size and Forecast, by Technology
7.2.5.1.3. Market Size and Forecast, by Application
7.2.5.2. Canada
7.2.5.2.1. Market Size and Forecast, by Type
7.2.5.2.2. Market Size and Forecast, by Technology
7.2.5.2.3. Market Size and Forecast, by Application
7.2.5.3. Mexico
7.2.5.3.1. Market Size and Forecast, by Type
7.2.5.3.2. Market Size and Forecast, by Technology
7.2.5.3.3. Market Size and Forecast, by Application
7.3. Europe
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Type
7.3.3. Market Size and Forecast, by Technology
7.3.4. Market Size and Forecast, by Application
7.3.5. Market Size and Forecast, by Country
7.3.5.1. Germany
7.3.5.1.1. Market Size and Forecast, by Type
7.3.5.1.2. Market Size and Forecast, by Technology
7.3.5.1.3. Market Size and Forecast, by Application
7.3.5.2. France
7.3.5.2.1. Market Size and Forecast, by Type
7.3.5.2.2. Market Size and Forecast, by Technology
7.3.5.2.3. Market Size and Forecast, by Application
7.3.5.3. Italy
7.3.5.3.1. Market Size and Forecast, by Type
7.3.5.3.2. Market Size and Forecast, by Technology
7.3.5.3.3. Market Size and Forecast, by Application
7.3.5.4. Spain
7.3.5.4.1. Market Size and Forecast, by Type
7.3.5.4.2. Market Size and Forecast, by Technology
7.3.5.4.3. Market Size and Forecast, by Application
7.3.5.5. Uk
7.3.5.5.1. Market Size and Forecast, by Type
7.3.5.5.2. Market Size and Forecast, by Technology
7.3.5.5.3. Market Size and Forecast, by Application
7.3.5.6. Rest of Europe
7.3.5.6.1. Market Size and Forecast, by Type
7.3.5.6.2. Market Size and Forecast, by Technology
7.3.5.6.3. Market Size and Forecast, by Application
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Type
7.4.3. Market Size and Forecast, by Technology
7.4.4. Market Size and Forecast, by Application
7.4.5. Market Size and Forecast, by Country
7.4.5.1. China
7.4.5.1.1. Market Size and Forecast, by Type
7.4.5.1.2. Market Size and Forecast, by Technology
7.4.5.1.3. Market Size and Forecast, by Application
7.4.5.2. India
7.4.5.2.1. Market Size and Forecast, by Type
7.4.5.2.2. Market Size and Forecast, by Technology
7.4.5.2.3. Market Size and Forecast, by Application
7.4.5.3. Japan
7.4.5.3.1. Market Size and Forecast, by Type
7.4.5.3.2. Market Size and Forecast, by Technology
7.4.5.3.3. Market Size and Forecast, by Application
7.4.5.4. South Korea
7.4.5.4.1. Market Size and Forecast, by Type
7.4.5.4.2. Market Size and Forecast, by Technology
7.4.5.4.3. Market Size and Forecast, by Application
7.4.5.5. Australia
7.4.5.5.1. Market Size and Forecast, by Type
7.4.5.5.2. Market Size and Forecast, by Technology
7.4.5.5.3. Market Size and Forecast, by Application
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Market Size and Forecast, by Type
7.4.5.6.2. Market Size and Forecast, by Technology
7.4.5.6.3. Market Size and Forecast, by Application
7.5. Lamea
7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast, by Type
7.5.3. Market Size and Forecast, by Technology
7.5.4. Market Size and Forecast, by Application
7.5.5. Market Size and Forecast, by Country
7.5.5.1. Brazil
7.5.5.1.1. Market Size and Forecast, by Type
7.5.5.1.2. Market Size and Forecast, by Technology
7.5.5.1.3. Market Size and Forecast, by Application
7.5.5.2. Saudi Arabia
7.5.5.2.1. Market Size and Forecast, by Type
7.5.5.2.2. Market Size and Forecast, by Technology
7.5.5.2.3. Market Size and Forecast, by Application
7.5.5.3. South Africa
7.5.5.3.1. Market Size and Forecast, by Type
7.5.5.3.2. Market Size and Forecast, by Technology
7.5.5.3.3. Market Size and Forecast, by Application
7.5.5.4. Rest of LAMEA
7.5.5.4.1. Market Size and Forecast, by Type
7.5.5.4.2. Market Size and Forecast, by Technology
7.5.5.4.3. Market Size and Forecast, by Application
Chapter 8: Competitive Landscape
8.1. Introduction
8.1.1. Market Player Positioning, 2020
8.1.2. Company Share Analysis, 2020
8.2. Top Winning Strategies
8.2.1. Top Winning Strategies, by Year
8.2.2. Top Winning Strategies, by Development
8.2.3. Top Winning Strategies, by Company
8.3. Product Mapping of Top 10 Players
8.4. Competitive Heatmap
8.5. Key Developments
8.5.1. New Product Launches
8.5.2. Expansions
Chapter 9: Company Profiles
9.1. Ascent Solar Technologies, Inc.
9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Key Executives
9.1.4. Operating Business Segments
9.1.5. Product Portfolio
9.1.6. Business Performance
9.1.7. Key Strategic Moves and Developments
9.1.8. Ascent Solar Technologies, Inc.- SWOT Analysis
9.2. First Solar
9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Product Portfolio
9.2.4. First Solar - SWOT Analysis
9.3. Hanergy Mobile Energy
9.3.1. Company Overview
9.3.2. Company Snapshot
9.3.3. Key Executives
9.3.4. Product Portfolio
9.3.5. Business Performance
9.3.6. Hanergy Mobile Energy - SWOT Analysis
9.4. Kaneka Corporation
9.4.1. Company Overview
9.4.2. Company Snapshot
9.4.3. Key Executives
9.4.4. Operating Business Segments
9.4.5. Product Portfolio
9.4.6. Business Performance
9.4.7. Kaneka Corporation - SWOT Analysis
9.5. Mitsubishi Heavy Industries, Ltd.
9.5.1. Company Overview
9.5.2. Company Snapshot
9.5.3. Key Executives
9.5.4. Operating Business Segments
9.5.5. Product Portfolio
9.5.6. Business Performance
9.5.7. Key Strategic Moves and Developments
9.5.8. Mitsubishi Heavy Industries, Ltd. - SWOT Analysis
9.6. Trony Solar Holdings Co. Ltd.
9.6.1. Company Overview
9.6.2. Company Snapshot
9.6.3. Key Executives
9.6.4. Operating Business Segments
9.6.5. Product Portfolio
9.6.6. Business Performance
9.6.7. Key Strategic Moves and Developments
9.6.8. Trony Solar Holdings Co. Ltd. - SWOT Analysis
9.7. Shunfeng International Clean Energy Co. Ltd.
9.7.1. Company Overview
9.7.2. Company Snapshot
9.7.3. Key Executives
9.7.4. Operating Business Segments
9.7.5. Product Portfolio
9.7.6. Business Performance
9.7.7. Shunfeng International Clean Energy Co. Ltd. - SWOT Analysis
9.8. Miasolé
9.8.1. Company Overview
9.8.2. Company Snapshot
9.8.3. Key Executives
9.8.4. Product Portfolio
9.8.5. Miasolé - SWOT Analysis
9.9. Flisom AG
9.9.1. Company Overview
9.9.2. Company Snapshot
9.9.3. Key Executives
9.9.4. Operating Business Segments
9.9.5. Product Portfolio
9.9.6. Business Performance
9.9.7. Key Strategic Moves and Developments
9.9.8. Flisom AG - SWOT Analysis
9.10. Sunq
9.10.1. Company Overview
9.10.2. Company Snapshot
9.10.3. Key Executives
9.10.4. Operating Business Segments
9.10.5. Product Portfolio
9.10.6. Business Performance
9.10.7. Key Strategic Moves and Developments
9.10.8. Sunq - SWOT Analysis
List of Tables
Table 01. Global Thin Film Solar Cell, by Type 2020–2030 ($Million)
Table 02. Global Thin Film Solar Cell, by Type 2020–2030 (Megawatt)
Table 03. Global Thin Film Solar Cell, by Technology 2020–2030 ($Million)
Table 04. Global Thin Film Solar Cell, by Technology 2020–2030 (Megawatt)
Table 05. Global Thin Film Solar Cell, by Application 2020–2030 ($Million)
Table 06. Global Thin Film Solar Cell, by Application 2020–2030 (Megawatt)
Table 07. Global Thin Film Solar Cell Market, by Region 2020–2030 ($Million)
Table 08. Global Thin Film Solar Cell Market, by Region 2020–2030 (Megawatt)
Table 09. North America Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 10. North America Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 11. North America Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 12. North America Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 13. North America Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 14. North America Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 15. North America Thin Film Solar Cell Market, by Country 2020–2030 ($Million)
Table 16. North America Thin Film Solar Cell Market, by Country, 2020–2030 (Megawatt)
Table 17. U.S Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 18. U.S Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 19. U.S Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 20. U.S Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 21. U.S Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 22. U.S Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 23. Canada Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 24. Canada Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 25. Canada Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 26. Canada Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 27. Canada Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 28. Canada Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 29. Mexico Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 30. Mexico Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 31. Mexico Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 32. Mexico Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 33. Mexico Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 34. Mexico Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 35. Europe Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 36. Europe Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 37. Europe Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 38. Europe Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 39. Europe Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 40. Europe Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 41. Europe Thin Film Solar Cell Market, by Country 2020–2030 ($Million)
Table 42. Europe Thin Film Solar Cell Market, by Country, 2020–2030 (Megawatt)
Table 43. Germany Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 44. Germany Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 45. Germany Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 46. Germany Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 47. Germany Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 48. Germany Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 49. France Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 50. France Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 51. France Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 52. France Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 53. France Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 54. France Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 55. Italy Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 56. Italy Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 57. Italy Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 58. Italy Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 59. Italy Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 60. Italy Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 61. Spain Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 62. Spain Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 63. Spain Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 64. Spain Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 65. Spain Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 66. Spain Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 67. Uk Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 68. Uk Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 69. Uk Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 70. Uk Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 71. Uk Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 72. Uk Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 73. Rest of Europe Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 74. Rest of Europe Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 75. Rest of Europe Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 76. Rest of Europe Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 77. Rest of Europe Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 78. Rest of Europe Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 79. Asia-Pacific Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 80. Asia-Pacific Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 81. Asia-Pacific Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 82. Asia-Pacific Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 83. Asia-Pacific Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 84. Asia-Pacific Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 85. Asia-Pacific Thin Film Solar Cell Market, by Country 2020–2030 ($Million)
Table 86. Asia-Pacific Thin Film Solar Cell Market, by Country, 2020–2030 (Megawatt)
Table 87. China Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 88. China Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 89. China Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 90. China Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 91. China Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 92. China Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 93. India Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 94. India Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 95. India Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 96. India Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 97. India Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 98. India Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 99. Japan Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 100. Japan Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 101. Japan Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 102. Japan Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 103. Japan Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 104. Japan Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 105. South Korea Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 106. South Korea Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 107. South Korea Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 108. South Korea Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 109. South Korea Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 110. South Korea Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 111. Australia Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 112. Australia Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 113. Australia Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 114. Australia Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 115. Australia Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 116. Australia Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 117. Rest of Asia-Pacific Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 118. Rest of Asia-Pacific Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 119. Rest of Asia-Pacific Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 120. Rest of Asia-Pacific Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 121. Rest of Asia-Pacific Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 122. Rest of Asia-Pacific Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 123. Lamea Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 124. Lamea Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 125. Lamea Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 126. Lamea Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 127. Lamea Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 128. Lamea Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 129. Lamea Thin Film Solar Cell Market, by Country 2020–2030 ($Million)
Table 130. Lamea Thin Film Solar Cell Market, by Country, 2020–2030 (Megawatt)
Table 131. Brazil Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 132. Brazil Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 133. Brazil Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 134. Brazil Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 135. Brazil Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 136. Brazil Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 137. Saudi Arabia Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 138. Saudi Arabia Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 139. Saudi Arabia Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 140. Saudi Arabia Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 141. Saudi Arabia Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 142. Saudi Arabia Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 143. South Africa Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 144. South Africa Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 145. South Africa Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 146. South Africa Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 147. South Africa Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 148. South Africa Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 149. Rest of LAMEA Thin Film Solar Cell Market, by Type, 2020–2030 ($Million)
Table 150. Rest of LAMEA Thin Film Solar Cell Market, by Type, 2020–2030 (Megawatt)
Table 151. Rest of LAMEA Thin Film Solar Cell Market, by Technology, 2020–2030 ($Million)
Table 152. Rest of LAMEA Thin Film Solar Cell Market, by Technology, 2020–2030 (Megawatt)
Table 153. Rest of LAMEA Thin Film Solar Cell Market, by Application, 2020–2030 ($Million)
Table 154. Rest of LAMEA Thin Film Solar Cell Market, by Application, 2020–2030 (Megawatt)
Table 155. Key New Product Launches (2017–2021)
Table 156. Key Expansions (2017–2021)
Table 157. Ascent Solar Technologies, Inc. : Company Snapshot
Table 158. Ascent Solar Technologies, Inc. : Key Executives
Table 159. Ascent Solar Technologies, Inc. : Operating Segments
Table 160. Ascent Solar Technologies, Inc. : Product Portfolio
Table 161. Overall Financial Status ($Million)
Table 162. Ascent Solar Technologies, Inc. : Key Strategic Moves and Developments
Table 163. Ascent Solar Technologies, Inc. : SWOT Analysis
Table 164. First Solar. : Company Snapshot
Table 165. First Solar. : Product Portfolio
Table 166. First Solar. : SWOT Analysis
Table 167. Hanergy Mobile Energy: Company Snapshot
Table 168. Hanergy Mobile Energy: Key Executives
Table 169. Hanergy Mobile Energy: Product Portfolio
Table 170. Overall Financial Status ($Million)
Table 171. Hanergy Mobile Energy: SWOT Analysis
Table 172. Kaneka Corporation: Company Snapshot
Table 173. Kaneka Corporation: Key Executives
Table 174. Kaneka Corporation. : Operating Segments
Table 175. Kaneka Corporation: Product Portfolio
Table 176. Overall Financial Status ($Million)
Table 177. Kaneka Corporation: SWOT Analysis
Table 178. Mitsubishi Heavy Industries, Ltd. : Company Snapshot
Table 179. Mitsubishi Heavy Industries, Ltd. : Key Executives
Table 180. Mitsubishi Heavy Industries, Ltd. : Operating Segments
Table 181. Mitsubishi Heavy Industries, Ltd. : Product Portfolio
Table 182. Overall Financial Status ($Million)
Table 183. Mitsubishi Heavy Industries, Ltd. : Key Strategic Moves and Developments
Table 184. Mitsubishi Heavy Industries, Ltd. : SWOT Analysis
Table 185. Trony Solar Holdings Co. Ltd. : Company Snapshot
Table 186. Trony Solar Holdings Co. Ltd. : Key Executives
Table 187. Trony Solar Holdings Co. Ltd. : Operating Segments
Table 188. Trony Solar Holdings Co. Ltd. : Product Portfolio
Table 189. Overall Financial Status ($Million)
Table 190. Trony Solar Holdings Co. Ltd. : Key Strategic Moves and Developments
Table 191. Trony Solar Holdings Co. Ltd. : SWOT Analysis
Table 192. Shunfeng International Clean Energy Co. Ltd. : Company Snapshot
Table 193. Shunfeng International Clean Energy Co. Ltd. : Key Executives
Table 194. Shunfeng International Clean Energy Co. Ltd. . : Operating Segments
Table 195. Shunfeng International Clean Energy Co. Ltd. : Product Portfolio
Table 196. Overall Financial Status ($Million)
Table 197. Shunfeng International Clean Energy Co. Ltd. : SWOT Analysis
Table 198. Miasolé: Company Snapshot
Table 199. Miasolé: Key Executives
Table 200. Miasolé: Product Portfolio
Table 201. Miasolé: SWOT Analysis
Table 202. Flisom Ag: Company Snapshot
Table 203. Flisom Ag: Key Executives
Table 204. Flisom Ag: Operating Segments
Table 205. Flisom Ag: Product Portfolio
Table 206. Overall Financial Status ($Million)
Table 207. Flisom Ag: Key Strategic Moves and Developments
Table 208. Flisom Ag: SWOT Analysis
Table 209. Sunq: Company Snapshot
Table 210. Sunq: Key Executives
Table 211. Sunq: Operating Segments
Table 212. Sunq: Product Portfolio
Table 213. Overall Financial Status ($Million)
Table 214. Sunq: Key Strategic Moves and Developments
Table 215. Sunq: SWOT Analysis
List of Figures
Figure 01. Global Thin Film Solar Cell Market Snapshot, by Segmentation, 2021–2030
Figure 02. Global Thin Film Solar Cell Market Snapshot, by Region, 2021–2030
Figure 03. Global Thin Film Solar Cell Market Segmentation
Figure 04. Top Investment Pockets
Figure 05. Moderate Bargaining Power of Suppliers
Figure 06. High Threat of New Entrants
Figure 07. Low Threat of Substitutes
Figure 08. Moderate Intensity of Competitive Rivalry
Figure 09. Moderate Bargaining Power of Buyers
Figure 10. Global Thin Film Solar Cell Dynamics
Figure 11. Pricing Analysis
Figure 12. Value Chain Analysis
Figure 13. Global Thin Film Solar Cell Revenue, by Type ($ Million)
Figure 14. Global Thin Film Solar Cell Volume, by Type (Megawatt)
Figure 15. Market Size and Forecast, 2020-2030 ($ Million)
Figure 16. Market Size and Forecast, 2020-2030 (Megawatt)
Figure 17. Market Size and Forecast, 2020-2030 ($ Million)
Figure 18. Market Size and Forecast, 2020-2030 (Megawatt)
Figure 19. Market Size and Forecast, 2020-2030 ($ Million)
Figure 20. Market Size and Forecast, 2020-2030 (Megawatt)
Figure 21. Market Size and Forecast, 2020-2030 ($ Million)
Figure 22. Market Size and Forecast, 2020-2030 (Megawatt)
Figure 23. Market Size and Forecast, 2020-2030 ($ Million)
Figure 24. Market Size and Forecast, 2020-2030 (Megawatt)
Figure 25. Market Size and Forecast, 2020-2030 ($ Million)
Figure 26. Market Size and Forecast, 2020-2030 (Megawatt)
Figure 27. Global Thin Film Solar Cell Revenue, by Technology ($ Million)
Figure 28. Global Thin Film Solar Cell Volume, by Technology (Megawatt)
Figure 29. Market Size and Forecast, 2020-2030 ($ Million)
Figure 30. Market Size and Forecast, 2020-2030 (Megawatt)
Figure 31. Market Size and Forecast, 2020-2030 ($ Million)
Figure 32. Market Size and Forecast, 2020-2030 (Megawatt)
Figure 33. Global Thin Film Solar Cell Market Revenue, by Application ($ Million)
Figure 34. Global Thin Film Solar Cell Market Volume, by Application (Megawatt)
Figure 35. Market Size and Forecast, 2020-2030 ($ Million)
Figure 36. Market Size and Forecast, 2020-2030 (Megawatt)
Figure 37. Market Size and Forecast, 2020-2030 ($ Million)
Figure 38. Market Size and Forecast, 2020-2030 (Megawatt)
Figure 39. Market Size and Forecast, 2020-2030 ($ Million)
Figure 40. Market Size and Forecast, 2020-2030 (Megawatt)
Figure 41. Global Thin Film Solar Cell Market Revenue, by Region ($ Million)
Figure 42. Global Thin Film Solar Cell Market Volume, by Region (Megawatt)
Figure 43. U. S. Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 44. U. S. Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 45. Canada Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 46. Canada Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 47. Mexico Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 48. Mexico Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 49. Germany Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 50. Germany Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 51. France Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 52. France Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 53. Italy Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 54. Italy Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 55. Spain Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 56. Spain Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 57. Uk Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 58. Uk Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 59. Rest of Europe Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 60. Rest of Europe Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 61. China Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 62. China Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 63. India Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 64. India Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 65. Japan Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 66. Japan Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 67. South Korea Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 68. South Korea Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 69. Australia Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 70. Australia Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 71. Rest of Asia-Pacific Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 72. Rest of Asia-Pacific Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 73. Brazil Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 74. Brazil Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 75. Saudi Arabia Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 76. Saudi Arabia Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 77. South Africa Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 78. South Africa Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 79. Rest of LAMEA Thin Film Solar Cell Market Revenue, 2020–2030, ($ Million)
Figure 80. Rest of LAMEA Thin Film Solar Cell Market Volume, 2020–2030, (Megawatt)
Figure 81. Market Player Positioning, 2020
Figure 82. Company Share Analysis, 2020
Figure 83. Top Winning Strategies, by Year, 2017–2021
Figure 84. Top Winning Strategies, by Development, 2017–2021 (%)
Figure 85. Top Winning Strategies, by Company, 2017–2021
Figure 86. Product Mapping of Top 10 Players
Figure 87. Competitive Heatmap of Key Players
Figure 88. Ascent Solar Technologies, Inc: Revenue, 2018-2020 ($ Million)
Figure 89. Ascent Solar Technologies, Inc: Revenue Share by Segment, 2020 (%)
Figure 90. Ascent Solar Technologies, Inc: Revenue Share by Region, 2020 (%)
Figure 91. Hanergy Mobile Energy: Revenue, 2018-2020 ($ Million)
Figure 92. Hanergy Mobile Energy: Revenue Share by Segment, 2020 (%)
Figure 93. Hanergy Mobile Energy: Revenue Share by Region, 2020 (%)
Figure 94. Kaneka Corporation: Net Sales, 2018–2020 ($ Million)
Figure 95. Kaneka Corporation: Revenue Share, by Segment, 2020 (%)
Figure 96. Kaneka Corporation: Revenue Share, by Region, 2020 (%)
Figure 97. Mitsubishi Heavy Industries, Ltd: Net Sales, 2018–2020 ($ Million)
Figure 98. Mitsubishi Heavy Industries, Ltd: Revenue Share by Segment, 2020 (%)
Figure 99. Mitsubishi Heavy Industries, Ltd: Revenue Share by Region, 2020 (%)
Figure 100. Trony Solar Holdings Co. Ltd: Revenue, 2018-2020 ($ Million)
Figure 101. Trony Solar Holdings Co. Ltd: Revenue Share by Segment, 2020 (%)
Figure 102. Trony Solar Holdings Co. Ltd: Revenue Share by Region, 2020 (%)
Figure 103. Shunfeng International Clean Energy Co. Ltd: Net Sales, 2018–2020 ($ Million)
Figure 104. Shunfeng International Clean Energy Co. Ltd: Revenue Share, by Segment, 2020 (%)
Figure 105. Shunfeng International Clean Energy Co. Ltd: Revenue Share, by Region, 2020 (%)
Figure 106. Flisom Ag: Net Sales, 2018–2020 ($ Million)
Figure 107. Flisom Ag: Revenue Share by Segment, 2020 (%)
Figure 108. Sunq: Revenue, 2018–2020 ($ Million)
Figure 109. Sunq: Revenue Share by Segment, 2020(%)
Figure 110. Sunq: Revenue Share by Region, 2020 (%)

Executive Summary

According to a new report titled, “Thin-film Solar Cell Market by Type, Installation, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the thin-film solar cell market size was valued at $11.3 billion in 2020, and is projected to reach $25.3 billion by 2030, growing at a CAGR of 8.4% from 2021 to 2030.

A thin-film solar cell is a second-generation solar cell that is made by depositing one or more thin layers, or thin-film (TF) of photovoltaic material on a substrate, such as glass, plastic, or metal. Thin-film solar cells are commercially used in several technologies, including cadmium telluride (CdTe), copper indium gallium diselenide (CIGS), and amorphous thin-film silicon (a-Si, TF-Si). Thin-film solar cells are cost-effective and is an efficient way to transform sunlight into electricity. These films own the property of bandgap and requires 10 times lesser quantity of material to absorb light as compared to silicon. Thin-films are easier to work with and utilize low cost substrate that make them relatively cheaper compared to silicon. Moreover, several research activities resulted into the increased efficiency of thin-film solar cell, which beat multi-crystalline silicon cells.

The factors that drive the market growth are increase in awareness toward green energy, rise in energy consumption across the globe, growth in installation flexibility, and cost & performance efficiency of thin-film solar cell. However, high initial manufacturing cost and technological complexity associated with the use of thin-film solar cells hamper the market growth. Conversely, rise in environmental concerns and increase in research activities in the field of thin-film solar cells provide a substantial growth opportunities to market.

For the purpose of analysis, the global thin-film solar cell industry is segmented on the basis of type, installation, end user, and region. Depending on type, the market is categorized into cadmium telluride, amorphous thin-film silicon, copper indium gallium selenide, microcrystalline tandem cells, thin-film polycrystalline silicon, and others. According to installation, it is divided into on-grid and off-grid. As per the end user, it is classified into residential, commercial, and utility. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global thin-film solar cell market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Ascent Solar Technologies, Filsom AG, First Solar, Hanergy mobile energy, Kaneka corporation, Miasole, Mitsubishi Heavy Industries, Shunfeng International Clean Energy, SUNQ, and Trony Solar.

COVID-19 Impact on the Market


The manufacturing of thin-film solar cell was halted for a specific period due to high peak of COVID-19 situation, which significantly impacted the sales of thin-film solar cell
  • Sales of thin-film solar cell are directly proportional to the demand for solar panels Solar projects have been negatively impacted amid the lockdown imposed due to the COVID-19 outbreak and recorded a huge decline in sales of thin-film solar cell
  • COVID-19 impacted almost all industries by hindering various industrial operations and disrupting the supply chain. Maximum companies halted their operation due to less workforce However, there is a sluggish decline in the global thin-film solar cell market due to impact of COVID-19
  • Furthermore, import and export activities were significantly impacted, which, in turn, adversely affected the industries using thin-film solar cell, thereby affecting the global thin-film solar cell market
  • According to the UNIDO (United Nations Industrial Development Organization), 30.0%–70.0% of pre-COVID-19 workforce of various industries, such as chemical, petrochemical, oil & gas, HVACR, food & beverage, power generation, and other third-party vendors migrated to their hometowns, due to uncertainties and loss of income during the lockdown. This unavailability of workforce is expected to directly affect the production and manufacturing activities, thereby resulting in reduced demand for raw materials used in thin-film solar cell This is expected to decline the thin-film solar cell market growth during the forecast period
  • Construction plays a vital role in the development of solar industry. The COVID-19 pandemic severely impacted integrated construction industry across the globe. Factors include disruption due to migration of workers and unavailability of material However, decrease in construction activity significantly impacted the thin-film solar cell market

Key Findings Of The Study


  • Depending on type, cadmium telluride segment holds the largest thin-film solar cell market share in 2020
  • According to installation, the on-grid segment accounted for the largest market share in 2020
  • By end use, the utility segment accounted for the largest market share in 2020
  • Region wise, the Asia-Pacific accounted for the largest market share in 2020

Companies Mentioned

  • Ascent Solar Technologies
  • Filsom AG
  • First Solar
  • Hanergy mobile energy
  • Kaneka corporation
  • Miasole
  • Mitsubishi Heavy Industries
  • Shunfeng International Clean Energy
  • SUNQ
  • Trony Solar

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages390
PublishedMarch 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 11.3 billion
Forecasted Market Value ( USD ) by 2030 $ 25.3 billion
Compound Annual Growth Rate8.4%
Regions CoveredGlobal
No. of Companies Mentioned10

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