Global Thin-Film Solar Cell Market:

Size, Trends & Forecasts (2020-2024)

January 2020

Global Thin-Film Solar Cell Market: Coverage

Executive Summary and Scope

Introduction/Market Overview

Global Market Analysis

Regional Market Analysis

Dynamics

Competitive Landscape

Company Profiling

Global Thin-Film Solar Cell Market: Coverage

Attributes Details

Title Global Thin-Film Solar Cell Market: Size, Trends & Forecasts (2020-2024)

Coverage Global and Regional

Regional Coverage Europe, North America, Asia Pacific, ROW

Market Influencing Variables Growth Drivers, Challenges, Market Trends

Forecast Period of Market 2020-2024

Competition in the Market Fragmented

Key Players First Solar, Inc., Ascent Solar Technologies, Inc., Oxford Photovoltaics Limited, Showa Shell Sekiyu K.K. (Solar Frontier K.K.)

Scope of the Report

Global Thin-Film Solar Cell Market

Solar cell, also called photovoltaic cell, is a semi-conductor device that converts the light energy into the electrical energy by using theprinciple of photovoltaic (PV) effect. Solar cells can be broadly categorized into two type of technologies: Crystalline Si based Technologyand Thin-Film based Technology.

The thin-film solar cells are referred to as second generation of solar cells, made by using several light-absorbing layers of photovoltaicmaterials. The thickness of thin-film layers can be about 300-350 times smaller than that of a standard silicon panel. The thin-film solar cellsare considered flexible, easy to handle, lightweight, and cheaper to produce. They can be installed easily. The thin-film solar cells containvery less quantity of silicon, therefore the emission caused during their production is very low. Thin-film solar cells have gainedpopularity in different industrial verticals. The major applications of thin-film solar cells are: institutional and commercial buildings withlarge rooftops, solar farms, forest areas, rooftop of buses, and large-sized water tanks to supply power for pumping water.

Thin-film solar cells have a long history with continuous technological developments. The thin-film solar cell market can be segmented onthe basis of technology type (Cadmium Telluride (CdTe), Copper Indium Gallium Diselenide (CIGS), and Amorphous Silicon (A-Si));installation (On-Grid, and Off-Grid); and End User (Residential, Commercial, and Utility).

The global thin-film solar cell market has increased significantly during the years 2017-2019 and projections are made that the marketwould rise in the next four years i.e. 2020-2024 tremendously. The thin-film solar cell market is expected to increase due to increasingdemand for electricity, rising solar photovoltaic (PV) installed capacity, declining solar prices, growing use of renewable energy,integration of thin-film solar cells in electric vehicles, technological advancements associated with the thin-film solar cells, etc. Yet themarket faces some challenges such as high installation cost, introduction of third generation solar cells, etc.

Executive Summary

Global Thin-Film Solar Cell Market

Market Overview

Solar Cell Market

Thin-Film Solar Cell Market

Thin-Film Solar Cell Market: Global Analysis

Global Thin-Film Solar Cell Market by Value

The global thin-film solar cell market, valued at US$.... billion in 2019, increased as compared to US$... billion in 2018. The global thin-film solar cell market is anticipated to reach up to US$... billion by 2024 from US$... billion in 2020, increasing at a CAGR of ….% from 2020 to 2024..

CAGR

2020-2024 xx%

2017 2018 2019

US

$ B

illio

n

2020 2021 2022 2023 2024U

S$

Billio

n

Thin-Film Solar Cell Market: Global Analysis

End User Share

Utility xx%

Commercial xx%

Residential xx%

Global Thin-Film Solar Cell Market by Technology Type; 2019

Global Thin-Film Solar Cell Market by End User; 2019

Technology Type Share

Copper Indium Gallium Diselenide (CIGS)

xx%

Cadmium Telluride (CdTe)

xx%

Amorphous Silicon (A-Si)

xx%

Thin-Film Solar Cell Market: Global Analysis

Global Thin-Film Solar Cell Market by Region; 2019

Europe, xx%

North America, xx%

Asia Pacific, xx%

ROW, xx%

Thin-Film Solar Cell Market: Technology Type Analysis

Global Copper Indium Gallium Diselenide (CIGS) Thin-Film Solar Cell Market by Value

Global Cadmium Telluride (CdTe) Thin-Film Solar Cell Market by Value

Global Amorphous Silicon (A-Si) Thin-Film Solar Cell Market by Value

Technology Type CAGR

2020-2024

CIGS xx%

CdTe xx%

A-Si xx%

2020 2021 2022 2023 2024

US

$ B

illio

n

2020 2021 2022 2023 2024

US

$ B

illio

n2020 2021 2022 2023 2024

US

$ B

illio

n

Thin-Film Solar Cell Market: End User Analysis

Global Residential Thin-Film Solar Cell Market by Value Global Commercial Thin-Film Solar Cell Market by Value

Global Utility Thin-Film Solar Cell Market by Value

End User CAGR

2020-2024

Residential xx%

Commercial xx%

Utility xx%

2020 2021 2022 2023 2024

US

$ B

illio

n

2020 2021 2022 2023 2024

US

$ B

illio

n

2020 2021 2022 2023 2024

US

$ B

illio

n

Thin-Film Solar Cell Market: Regional Analysis

Europe Thin-Film Solar Cell Market by Value North America Thin-Film Solar Cell Market by Value

Asia Pacific Thin-Film Solar Cell Market by Value

Region CAGR

2020-2024

Europe xx%

North America xx%

Asia Pacific xx%

ROW xx%

2020 2021 2022 2023 2024

US

$ B

illio

n

2020 2021 2022 2023 2024

US

$ B

illio

n

2020 2021 2022 2023 2024

US

$ B

illio

n

Europe Thin-Film Solar Cell Market: An Analysis

End User Share CAGR(2020-2024)

Utility xx% xx%

Residential xx% xx%

Commercial xx% xx%

Europe Thin-Film Solar Cell Market by Region; 2019

UK Thin-Film Solar Cell Market by End User; 2019

Region Share CAGR(2020-2024)

UK xx% xx%

Rest of Europe xx% xx%

Thin-Film Solar Cell Market: Dynamics

Growth Driver

•Increasing Demand for Electricity

•Rising Solar Photovoltaic (PV) Installed Capacity

Challenges

•High Installation Cost

•Introduction of Third Generation Solar Cells

Market Trends

•Increasing Awareness Towards Green Energy

•Growing Popularity of CIGS Technology

Thin-Film Solar Cell Market: Competitive Landscape

• First Solar, Inc.

• Ascent Solar Technologies, Inc.

• Oxford Photovoltaics Limited

• Showa Shell Sekiyu K.K. (Solar Frontier K.K.)

Players Profiled

Note: The graphs on this slide are only for sample representation.