About Thin Film Photovoltaic Cells
The Thin Film Photovoltaic Cell is the second generation solar cell that is made by depositing one or more thin layers or thin film of photovoltaic material. Thin Film Photovoltaic Cells will become significant renewable resources for sustainable energy supply in the future. It offers the most promising options for substantially reducing the cost of photovoltaic systems and allows high market penetration of solar electricity. While the amorphous silicon, which was used to power small electronic devices such as calculators.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 16.0% |
The renewable resources are on a hike in the market as it is one of the alternatives for electricity. The leading manufacturers increasing competition due to new products, many new entrants in manufacturing are rising due to need in the market for solar cell /panels. There is strong competition between rivalry and local firms. There is also an option of merging and acquisitions to increase production and earn more profit. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
First Solar (Unites States), Oxford Photovoltaic’s (United Kingdom), Ascent Solar Technologies Inc (Unites States), Global Solar, Inc (United States), SOLAR FRONTIER K.K (Japan), Trony Solar (China), Mitsubishi Electric (Japan), Jinko Solar (China), Trina Solar (China) and Hitachi (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Thin Film Photovoltaic Cells market by Type (Gallium Arsenide, Copper Indium Selenium and Cadmium Telluride), Application (Satellites and telescope, Grid-connected power supply, Military and space, Consumer electronics, Small electronic devices and Others) and Region.
On the basis of geography, the market of Thin Film Photovoltaic Cells has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation, the sub-segment i.e. On-grid will boost the Thin Film Photovoltaic Cells market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Thickness of film , the sub-segment i.e. 1-2 micrometers will boost the Thin Film Photovoltaic Cells market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Thin Film Photovoltaic Cells market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Highly Demanded In Small Electronic Devices, Due To Their Simplistic Design And Low Efficiency
Market Growth Drivers:
Silicon Is Less Expensive To Manufacture Compared To Crystalline Silicon As Well As Most Other Semiconducting Materials, Growing Use Due To Small Space Requirement and They Are More Flexible And Easier To Handle
Challenges:
High-Cost Associated With The Product and Performance Levels May Reduce Due To Increase In Temperature
Restraints:
Problems Like Lower Efficiency
Opportunities:
Growing Researches In Space Technology Used For Satellites And Telescopes and New Studies And Technological Researches For Effective Solar Panel And Cells Are In Process And Progress
Market Leaders and their expansionary development strategies
In December 2023, Hanergy Thin Film Power Group signed a cooperation agreement with the China Academy of Sciences to jointly develop next-generation copper indium gallium selenide (CIGS) thin-film solar cells.
In March 2023, Hanergy Thin Film Power Group launched its Ark series of flexible CIGS thin-film modules for building-integrated photovoltaic (BIPV) applications.
The U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO) supports funding opportunities on photo-voltaic, concentrating solar power, systems integration, technology to market, and soft costs projects. Following an open, competitive solicitation process, these funding opportunities encourage collaborative partnerships among industry, universities, national laboratories, federal, state, and local governments, and non-government agencies and advocacy groups. Solicitations may include financial or technical assistance.
Key Target Audience
Market Manufacturers, Raw Material Suppliers, Research Consultants, Traders, Distributors, and Suppliers, Government & Regional Agencies, Research Organizations and Investment Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.