Energy & Environment Industry Today
Thin Film Solar Cell Market Size to Hit USD 39,512 million by 2023: Analysis of Key Players, Trends, Drivers, & Challenges
Thin film solar is particularly made by placing one or more layers of photovoltaic material on a surface, such as plastic, glass, or metal. These solar cells are relatively less expensive as compared to older silicon wafer cells. These are easier, more flexible to handle, and are less susceptible to damage. Thin film material own the property of bandgap and requires ten times lesser quantity of substrate material to absorb light as compared to other solar cells. These are employed in wide range of applications, such as commercial, residential, transportation, and utility. Earlier, the first generation thin-film solar cell was developed using amorphous silicon, which delivered low power output. Later, the next generation thin-film solar cell was introduced in the market fabricated using copper-indium-gallium-selenide (CIGS), which offered improved flexibility, lightweight, and higher power efficiency.
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In 2016, Europe and Asia-Pacific were the leading regions, in terms of both value and volume. Europe is the leading region, owing to the government support to develop innovative business model for increasing the availability of electricity to meet the demand by energy-intensive industries. The growth of thin film solar cell in Asia-Pacific is driven by the rapid expansion of renewable systems due to the increase in number of residential and industrial electricity consumers. The factors that drive the global thin film solar cell market are increase in awareness toward boosting green energy, rise in worldwide energy consumption, more installation flexibility of thin films, and cost & performance efficiency of thin film solar cell. However, high initial manufacturing cost and technological complexity associated with the use thin film solar cells are expected to hamper the market growth.
The global thin film solar cell market is segmented based on type, end-user, and installation. On the basis of type, it is categorized into cadmium telluride (CdTe), copper indium gallium diselenide (CIGS), and amorphous thin-film silicon. On the basis of end user, it divided into residential, commercial, and utility. On the basis of installation, it is bifurcated into on-grid and off-grid. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In November 2016, Oxford Photovoltaics announced the acquisition of thin film development production site, which was earlier operated by Bosch Solar CISTech GmbH. The company is expected to scale-up its perovskite technology to industry standard wafer size for improving the manufacturing processes necessary for commercial deployment.
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The major players profiled in this study include: Oxford Photovoltaics, Hankey Asia Ltd., Global Solar, Inc., Xunlight Kunshan Co. Ltd., Kaneka Corporation, First Solar, Ascent Solar Technologies Inc., MiaSole Hi-Tech Corp., Trony Solar and Mitsubishi Electric US, Inc.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current & emerging market trends and dynamics of the global thin film solar cell market.
In-depth analysis of all regions is conducted by constructing the market estimations for key segments from 2017 to 2023 to identify the prevailing opportunities.
The report assists to understand the strategies adopted by the companies for market expansion.
This study evaluates the competitive landscape to understand the market scenario across various regions.
Extensive analysis is conducted by following the key player positioning and monitoring the top competitors within the market framework.
Thin Film Solar Cell Market Key Segments:
By Type: Cadmium Telluride (CdTe), Copper Indium Gallium Diselenide (CIGS) and Amorphous Thin-film Silicon
By End User: Residential, Commercial and Utility
By Installation: On-Grid and Off-Grid
By Country:
North America: U.S., Canada, Mexico
Europe: UK, Germany, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
LAMEA: Chile, Israel, South Africa, Rest of LAMEA
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Table of content:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: THIN FILM SOLAR CELL MARKET, BY FILTER TYPE
CHAPTER 5: THIN FILM SOLAR CELL MARKET, BY APPLICATION
CHAPTER 6: THIN FILM SOLAR CELL MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: THIN FILM SOLAR CELL MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
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