Global Thin Film Solar Market Size, Trends and Insights By Type (Cadmium Telluride, Amorphous Thin-film Silicon, Copper Indium Gallium Selenide, Microcrystalline Tandem Cells, Thin-film Polycrystalline Silicon, Others), By Installation (On-grid, Off-grid), By End-Use/Application (Residential, Commercial, Utility), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI18786

Published Date: September 2022

Pages: 220+

Category: Power Generation, Transmission And Distribution

Reports Description

According to Custom Market Insights (CMI), The Global Thin Film Solar Market Size was valued at USD 12.2 billion in 2021 and is expected to reach USD 14.7 billion in 2022, and is estimated to reach USD 25.7 billion by the end of 2030 at a CAGR of approximately 10% during the forecast period 2022-2030. 

The collective deposition makes the thin-film solar panels of the thinner PV layers made from silicone. These thin-film solar cells are available in different shapes and colors. The thin-film layer is constructed to generate increased output as a convenient solar module. Their thickness is much less than the conventional PV modules, and they perform better than PV modules.

Thin Film Solar Market Size

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The thin-film cells are widely used in solar farms, forest areas, rooftops of vehicles, marine boat surfaces, institutions and commercial buildings, space applications, and many more. Due to their lightweight property and easy installation process, solar thin-film cells are widely adopted by commercial and residential sectors. They offer advantages like reduced water usage, reduced carbon emission, and concise time to generate the required energy.

The global thin-film solar market report provides detailed insights into the developing trends, market growth factors, segment analysis, and the key players that play a crucial role in market share. 

This report includes the market trend analysis, growth factors, market segments, and key players that play a crucial role in the growth of the thin-film solar market across the globe.

Growth Factors

The thin-film solar cells are the greater alternative source for electricity generation using renewable resources. The market growth is driven by the lightweight composition and convenient installation, along with the formidable demand for electricity due to the increased population. Being more convenient than the conventional method, the thin-film solar is widely adopted in the commercial and residential sectors.

In addition, thin-film solar cells are comparatively more affordable than traditional ones, which makes them favorable for utility applications. The additional factors that drive the market growth include the initiatives and policies introduced by the government. Governments around the globe have widely promoted the use of renewable energy sources and offered various subsidies that uplifted the thin-film solar market.

As a result of technological advancements, the reduction of cost per production and the rapid colonial urbanization have led to market growth. Solar thin-film cells’ production and installation costs have declined recently, leading to their adoption.

To meet the current demands, various key players have operated in the global market to install and develop thin-film solar panels across different regions, which boosts the market growth.

Thin Film Solar Market (By Installation)

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Solar thin film Market Segment Analysis

Solar thin film market, segmentation based on the Type 

 based on type, the market is bifurcated into Cadmium Telluride thin-film cells, Amorphous Thin-film Silicon cells, Copper Indium Gallium Selenide cells, Microcrystalline Tandem Cells, Thin-film Polycrystalline Silicon, and Others. Cadmium telluride has the largest market share in 2021 and is expected to increase rapidly during the forecast period. Cadmium telluride cells are one of the latest inventions in the solar market, built for maximum light absorption and are highly efficient compared to conventional solar panels.

The other benefits are its non-toxic nature, low manufacturing and maintenance cost, high light absorption capacity, and ability to work in low light. The cadmium-telluride cells use thinner semiconductors to absorb the light. The CdTe thin film is a high-throughput technology that can quickly be deposited to the surface. CdTe solar panels are installed in some of the world’s largest solar PV stations, which account for a major market share. The only problem with the CdTe cells is that they lose their efficiency quickly, which needs to be rectified for future market growth. 

  • Market segmentation based on Installation

Based on the installation, the global market is categorized into on-grid and off-grid installations. The on-grid segment held the largest revenue shares in 2021 and is projected to witness rapid growth, with a larger revenue share in the forecast period. This can be attributed to the increased demand for electricity generation through renewable resources coupled with wide distribution networks and the increased demand from remote places with insignificant electricity facilities, propelling the growth of the on-grid segment in the global market.

  • Market segmentation based on End-User/Application

Based on the installation, the market is segmented into commercial, utility, and residential sectors. The utility segment earned a larger market share in 2020 and is expected to maintain its position during the forecast period. This can be attributed to rapid urbanization leading to high demand for electricity generated through renewable sources.

Thin Film Solar Market (By End-Use:Application)

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The environmental awareness associated with GHG and carbon emission is one of the leading factors that ensure market growth for the utility segments. The emergence of large-scale objects and research developments for improving manufacturing and maintenance costs can propel market growth in the utility sector. The thin-film solar market can be widely observed in the utility sectors due to the emergence of developed technologies and increased R&D activities over time.

Report Scope

Feature of the Report Details
Market Size in 2021 (USD 12.2 Billion
Projected Market Size in 2030 USD 25.7 Billion
CAGR Growth Rate 10% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players First Solar, Solar Frontier, Sharp Thin Film, MiaSole, NexPower, Station, Calyx, Kaneka Solartech, Bangkok Solar, Wurth Solar, Global Solar Energy, Hanergy, ENN Energy Holdings, Topray Solar, and Others
Key Segment By Type, Installation, End-Use/Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Regional Insights

Based on the regional analysis, the global thin-film solar market is distributed across North America, Asia-pacific, Europe, and LAMEA. The Asia-Pacific region dominated the global thin-film solar market in 2021, with a larger share. The Asia-Pacific region is expected to dominate the global market during the forecast period.

The major contribution can be accounted for by the countries such as China and India, which have a large consumer base due to increased population, and the demand for renewable sources for electricity generation is considerably high. In 2018, China’s National Development and Reform Commission (NDRC) introduced a draft policy to increase the renewable energy target from 25% to 35% by 2030. Around 40 GW of new renewable capacity is expected to be connected to the grid in 2019, with around 50% of the new capacity expected to come from large-scale solar plants. The remaining share is expected to come from smaller and decentralized systems.

Thin Film Solar Market (trends by region)

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Key Players

Various companies play a major role in the development of the thin-film solar market across the globe due to the high consumer base and demand for sustainable development. These companies focus on organic growth strategies that include product launches, approvals, patents, etc.

  • First Solar
  • Solar Frontier
  • Sharp Thin Film
  • MiaSole
  • NexPower
  • Station
  • Calyx
  • Kaneka Solartech
  • Bangkok Solar
  • Wurth Solar
  • Global Solar Energy
  • Hanergy
  • ENN Energy Holdings
  • Topray Solar

Impact of Covid-19 

The global sale of the thin film solar market was severely impacted during the peak of Covid-19 due to the restriction on mobility of the workers and manufacturers, which directly affected the thin film solar market, which resulted in the halt in processing and manufacturing of the thin-film solar panels, and the global market share was greatly affected during the pandemic.

The industries halted their work due to the lack of labor and manforce, due to which the industrial operations and the supply chain were also disrupted, creating a deep impact on the global thin film solar market, which witnessed a decline in its growth. Furthermore, the sales demand and supply both declined during the pandemic. As their sales directly depend on the demand, the sales got affected.

 Recent Developments 

  • In June 2019, Miasole announced improvising the Flex03 W solar module to reduce its weight against the high capacity. The desired module could weigh only 5.6 kg and generate 540W of electricity across off-grid and on-grid areas.
  • In July 2018, Avantise announced to re-initiate the solar thin-film construction facility to support the government initiatives for the abundant usage of renewable resources. The company has created a remarkable record in developing solar CGS modules.
  • In the same year, the Japan Event Organizer Committee announced the Tokyo Olympic Games and pledged for the same time to use renewable sources. The committee attempted to purchase thin-film solar panels from the respective companies and decided to build roads using the thin-film panels and use the electricity for the games.
  • The International Energy Agency (IEA) stated in its report that the usage of renewable energy increased by 8% in 2021 and was expected to expand in the coming future. These statistics highlight the growing influence of renewable energy generation, eventually increasing the growth prospects of the thin film photovoltaic market.

Segments covered in the report

By Type

  • Cadmium Telluride
  • Amorphous Thin-film Silicon
  • Copper Indium Gallium Selenide
  • Microcrystalline Tandem Cells
  • Thin-film Polycrystalline Silicon
  • Others

By Installation

  • On-grid
  • Off-grid

By End-Use/Application

  • Residential
  • Commercial
  • Utility

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Thin-Film Solar Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Thin-Film Solar Market : snapshot
  • Chapter 3. Global Thin-Film Solar Market – Industry Analysis
    • 3.1 Thin-Film Solar Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Electricity Generation
      • 3.2.2 Lightweight Composition
      • 3.2.3 Increased Population
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Installation
      • 3.7.3 Market attractiveness analysis By End-Use/Application
  • Chapter 4. Global Thin-Film Solar Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Thin-Film Solar Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Thin-Film Solar Market – Type Analysis
    • 5.1 Global Thin-Film Solar Market overview: By Type
      • 5.1.1 Global Thin-Film Solar Market share, By Type, 2021 and 2030
    • 5.2 Cadmium Telluride
      • 5.2.1 Global Thin-Film Solar Market by Cadmium Telluride, 2022 – 2030 (USD Billion)
    • 5.3 Amorphous Thin-film Silicon
      • 5.3.1 Global Thin-Film Solar Market by Amorphous Thin-film Silicon, 2022 – 2030 (USD Billion)
    • 5.4 Copper Indium Gallium Selenide
      • 5.4.1 Global Thin-Film Solar Market by Copper Indium Gallium Selenide, 2022 – 2030 (USD Billion)
    • 5.5 Microcrystalline Tandem Cells
      • 5.5.1 Global Thin-Film Solar Market by Microcrystalline Tandem Cells, 2022 – 2030 (USD Billion)
    • 5.6 Thin-film Polycrystalline Silicon
      • 5.6.1 Global Thin-Film Solar Market by Thin-film Polycrystalline Silicon, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Thin-Film Solar Market – Installation Analysis
    • 6.1 Global Thin-Film Solar Market overview: By Installation
      • 6.1.1 Global Thin-Film Solar Market share, By Installation, 2021 and 2030
    • 6.2 On-grid
      • 6.2.1 Global Thin-Film Solar Market by On-grid, 2022 – 2030 (USD Billion)
    • 6.3 Off-grid
      • 6.3.1 Global Thin-Film Solar Market by Off-grid, 2022 – 2030 (USD Billion)
  • Chapter 7. Global Thin-Film Solar Market – End-Use/Application Analysis
    • 7.1 Global Thin-Film Solar Market overview: By End-Use/Application
      • 7.1.1 Global Thin-Film Solar Market share, By End-Use/Application, 2021 and 2030
    • 7.2 Residential
      • 7.2.1 Global Thin-Film Solar Market by Residential, 2022 – 2030 (USD Billion)
    • 7.3 Commercial
      • 7.3.1 Global Thin-Film Solar Market by Commercial, 2022 – 2030 (USD Billion)
    • 7.4 Utility
      • 7.4.1 Global Thin-Film Solar Market by Utility, 2022 – 2030 (USD Billion)
  • Chapter 8. Thin-Film Solar Market – Regional Analysis
    • 8.1 Global Thin-Film Solar Market Regional Overview
    • 8.2 Global Thin-Film Solar Market Share, by Region, 2021 & 2030 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Thin-Film Solar Market, 2022 – 2030 (USD Billion)
        • 8.3.1.1 North America Thin-Film Solar Market, by Country, 2022 – 2030 (USD Billion)
    • 8.4 North America Thin-Film Solar Market, by Type, 2022 – 2030
      • 8.4.1 North America Thin-Film Solar Market, by Type, 2022 – 2030 (USD Billion)
    • 8.5 North America Thin-Film Solar Market, by Installation, 2022 – 2030
      • 8.5.1 North America Thin-Film Solar Market, by Installation, 2022 – 2030 (USD Billion)
    • 8.6 North America Thin-Film Solar Market, by End-Use/Application, 2022 – 2030
      • 8.6.1 North America Thin-Film Solar Market, by End-Use/Application, 2022 – 2030 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Thin-Film Solar Market, 2022 – 2030 (USD Billion)
        • 8.7.1.1 Europe Thin-Film Solar Market, by Country, 2022 – 2030 (USD Billion)
    • 8.8 Europe Thin-Film Solar Market, by Type, 2022 – 2030
      • 8.8.1 Europe Thin-Film Solar Market, by Type, 2022 – 2030 (USD Billion)
    • 8.9 Europe Thin-Film Solar Market, by Installation, 2022 – 2030
      • 8.9.1 Europe Thin-Film Solar Market, by Installation, 2022 – 2030 (USD Billion)
    • 8.10 Europe Thin-Film Solar Market, by End-Use/Application, 2022 – 2030
      • 8.10.1 Europe Thin-Film Solar Market, by End-Use/Application, 2022 – 2030 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Thin-Film Solar Market, 2022 – 2030 (USD Billion)
        • 8.11.1.1 Asia Pacific Thin-Film Solar Market, by Country, 2022 – 2030 (USD Billion)
    • 8.12 Asia Pacific Thin-Film Solar Market, by Type, 2022 – 2030
      • 8.12.1 Asia Pacific Thin-Film Solar Market, by Type, 2022 – 2030 (USD Billion)
    • 8.13 Asia Pacific Thin-Film Solar Market, by Installation, 2022 – 2030
      • 8.13.1 Asia Pacific Thin-Film Solar Market, by Installation, 2022 – 2030 (USD Billion)
    • 8.14 Asia Pacific Thin-Film Solar Market, by End-Use/Application, 2022 – 2030
      • 8.14.1 Asia Pacific Thin-Film Solar Market, by End-Use/Application, 2022 – 2030 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Thin-Film Solar Market, 2022 – 2030 (USD Billion)
        • 8.15.1.1 Latin America Thin-Film Solar Market, by Country, 2022 – 2030 (USD Billion)
    • 8.16 Latin America Thin-Film Solar Market, by Type, 2022 – 2030
      • 8.16.1 Latin America Thin-Film Solar Market, by Type, 2022 – 2030 (USD Billion)
    • 8.17 Latin America Thin-Film Solar Market, by Installation, 2022 – 2030
      • 8.17.1 Latin America Thin-Film Solar Market, by Installation, 2022 – 2030 (USD Billion)
    • 8.18 Latin America Thin-Film Solar Market, by End-Use/Application, 2022 – 2030
      • 8.18.1 Latin America Thin-Film Solar Market, by End-Use/Application, 2022 – 2030 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Thin-Film Solar Market, 2022 – 2030 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Thin-Film Solar Market, by Country, 2022 – 2030 (USD Billion)
    • 8.20 The Middle-East and Africa Thin-Film Solar Market, by Type, 2022 – 2030
      • 8.20.1 The Middle-East and Africa Thin-Film Solar Market, by Type, 2022 – 2030 (USD Billion)
    • 8.21 The Middle-East and Africa Thin-Film Solar Market, by Installation, 2022 – 2030
      • 8.21.1 The Middle-East and Africa Thin-Film Solar Market, by Installation, 2022 – 2030 (USD Billion)
    • 8.22 The Middle-East and Africa Thin-Film Solar Market, by End-Use/Application, 2022 – 2030
      • 8.22.1 The Middle-East and Africa Thin-Film Solar Market, by End-Use/Application, 2022 – 2030 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 First Solar
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Solar Frontier
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Sharp Thin Film
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 MiaSole
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 NexPower
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Station
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Calyx
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Kaneka Solartech
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Bangkok Solar
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Wurth Solar
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Global Solar Energy
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Hanergy
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 ENN Energy Holdings
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Topray Solar
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
List Of Figures
  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Thin-Film Solar Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Thin-Film Solar Market attractiveness, By Type
  • 6. Global Thin-Film Solar Market attractiveness, By Installation
  • 7. Global Thin-Film Solar Market attractiveness, By End-Use/Application
  • 8. Global Thin-Film Solar Market share by Type, 2022 and 2030 (USD Billion)
  • 9. Global Thin-Film Solar Market by Cadmium Telluride, 2022 – 2030 (USD Billion)
  • 10. Global Thin-Film Solar Market by Amorphous Thin-film Silicon, 2022 – 2030 (USD Billion)
  • 11. Global Thin-Film Solar Market by Copper Indium Gallium Selenide, 2022 – 2030 (USD Billion)
  • 12. Global Thin-Film Solar Market by Microcrystalline Tandem Cells, 2022 – 2030 (USD Billion)
  • 13. Global Thin-Film Solar Market by Thin-film Polycrystalline Silicon, 2022 – 2030 (USD Billion)
  • 14. Global Thin-Film Solar Market share by Installation, 2022 and 2030 (USD Billion)
  • 15. Global Thin-Film Solar Market by On-grid, 2022 – 2030 (USD Billion)
  • 16. Global Thin-Film Solar Market by Off-grid, 2022 – 2030 (USD Billion)
  • 17. Global Thin-Film Solar Market share by End-Use/Application, 2022 and 2030 (USD Billion)
  • 18. Global Thin-Film Solar Market by Residential, 2022 – 2030 (USD Billion)
  • 19. Global Thin-Film Solar Market by Commercial, 2022 – 2030 (USD Billion)
  • 20. Global Thin-Film Solar Market by Utility, 2022 – 2030 (USD Billion)
  • 21. Global Thin-Film Solar Market share, by Region, 2022 and 2030
  • 22. North America Thin-Film Solar Market, 2022 – 2030 (USD Billion)
  • 23. Europe Thin-Film Solar Market, 2022 – 2030 (USD Billion)
  • 24. Asia Pacific Thin-Film Solar Market, 2022 – 2030 (USD Billion)
  • 25. Latin America Thin-Film Solar Market, 2022 – 2030 (USD Billion)
  • 26. The Middle-East and Africa Thin-Film Solar Market, 2022 – 2030 (USD Billion)
List Of Tables
  • 1. Global Thin-Film Solar Market: Snapshot
  • 2. Drivers of the Thin-Film Solar Market: impact analysis
  • 3. North America Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 4. North America Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 5. North America Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 6. U.S. Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 7. U.S. Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 8. U.S. Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 9. Canada Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 10. Canada Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 11. Canada Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 12. Europe Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 13. Europe Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 14. Europe Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 15. Germany Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 16. Germany Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 17. Germany Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 18. France Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 19. France Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 20. France Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 21. U.K. Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 22. U.K. Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 23. U.K. Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 24. Italy Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 25. Italy Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 26. Italy Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 27. Spain Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 28. Spain Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 29. Spain Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 30. Rest of Europe Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 31. Rest of Europe Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 32. Rest of Europe Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 33. Asia Pacific Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 34. Asia Pacific Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 35. Asia Pacific Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 36. China Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 37. China Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 38. China Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 39. Japan Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 40. Japan Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 41. Japan Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 42. India Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 43. India Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 44. India Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 45. South Korea Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 46. South Korea Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 47. South Korea Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 48. South-East Asia Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 49. South-East Asia Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 50. South-East Asia Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 51. Rest of Asia Pacific Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 52. Rest of Asia Pacific Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 53. Rest of Asia Pacific Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 54. Latin America Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 55. Latin America Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 56. Latin America Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 57. Brazil Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 58. Brazil Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 59. Brazil Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 60. Mexico Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 61. Mexico Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 62. Mexico Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 63. Rest of Latin America Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 64. Rest of Latin America Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 65. Rest of Latin America Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 66. The Middle-East and Africa Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 67. The Middle-East and Africa Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 68. The Middle-East and Africa Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 69. GCC Countries Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 70. GCC Countries Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 71. GCC Countries Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 72. South Africa Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 73. South Africa Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 74. South Africa Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)
  • 75. Rest of Middle-East Africa Thin-Film Solar Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 76. Rest of Middle-East Africa Thin-Film Solar Market revenue, By Installation, 2022 – 2030 (USD Billion)
  • 77. Rest of Middle-East Africa Thin-Film Solar Market revenue, By End-Use/Application, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Key Players

  • First Solar
  • Solar Frontier
  • Sharp Thin Film
  • MiaSole
  • NexPower
  • Station
  • Calyx
  • Kaneka Solartech
  • Bangkok Solar
  • Wurth Solar
  • Global Solar Energy
  • Hanergy
  • ENN Energy Holdings
  • Topray Solar

FAQs

“Asia-Pacific” region will lead the global Global Thin-Film Solar market during the forecast period 2022 to 2030.

The key factors driving the market are Electricity Generation, Lightweight Composition, Increased Population

.

The key players operating in the Global Thin-Film Solar market are First Solar, Solar Frontier, Sharp Thin Film, MiaSole, NexPower, Station, Calyx, Kaneka Solartech, Bangkok Solar, Wurth Solar, Global Solar Energy, Hanergy, ENN Energy Holdings, Topray Solar.

The global Global Thin-Film Solar market is expanding growth with a CAGR of approximately 10% during the forecast period (2022 to 2030).

The global Global Thin-Film Solar market size was valued at (USD 12.2 Billion in 2021 and it is projected to reach around USD 25.7 Billion by 2030.

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