Industry Background:
CIGS Solar Cell is the thin film of semiconductor material copper indium gallium diselenide Cu(In, Ga)Se2 (CIGS). The cell are highly observant even in a very thin layer, enabling it to work with other materials like silicon for the use of solar cells. They have up to 10% efficiency with durability as silicon solar cells, as the thin film technologies are essential in solar cell production for the proper working of panels and power generation. Indium and gallium used in CIGS are important to preserve in order to keep CIGS cells feasible, other combinations of material used have proven less effective than the CIGS combination. Almost all the components used in CGS solar cells can be reused if separated with high purity.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Solar Frontier (Japan), SoloPower (United States), AVANCIS GmbH (Germany), Dow Chemical Company (NuvoSun) (United States), Manz AG (Germany), The Stion Corporation (United States), Siva Power, Inc. (United States), Hanergy Holding Group Ltd. (China), Solibro GmbH (Germany), Flisom (Switzerland) and HelioVolt Corporation (United States) |
This growth is primarily driven by Demand for Efficient Thin Film Technologies in Power Generation Application and Need for Better Heat Resistant Material in Solar Cell.
Globally, a noticeable market trend is evident Emerging Uses of CIGS Solar Cell in Roofing and Facades Major Manufacturers, such as Solar Frontier (Japan), SoloPower (United States), AVANCIS GmbH (Germany), Dow Chemical Company (NuvoSun) (United States), Manz AG (Germany), The Stion Corporation (United States), Siva Power, Inc. (United States), Hanergy Holding Group Ltd. (China), Solibro GmbH (Germany), Flisom (Switzerland) and HelioVolt Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The copper indium gallium selenide solar cells (Ci(G)S) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to copper indium gallium selenide solar cells (Ci(G)S) market.
In 2019, Hanergy Thin Film Power Group announced collaboration with CSR Group, the largest roof tiles producer and roofing solution provider in the Southern Hemisphere, in preparation for a global launch of the new Thin Film Flat SOLARtile. The two companies have officially commenced the presales of Thin Film Flat SOLARtile in Australia, New Zealand, Southeast Asia, Japan, and the United States.
Influencing Trend:
Emerging Uses of CIGS Solar Cell in Roofing and Facades
Market Growth Drivers:
Demand for Efficient Thin Film Technologies in Power Generation Application and Need for Better Heat Resistant Material in Solar Cell
Challenges:
The Availability of Fabricated Products with Low Price Leading to More Competition and Safety Risks Associated with CIGS Solar Cell
Restraints:
Cost of Production of CIGS Solar Cell Might Hinder the Market
Opportunities:
Surging Electronics Industry will Boost the CIGS Solar Cell Market and Emerging Technological Advancements in Solar Energy Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in CIGS Solar Cell Market
- Analysis about New Entrants in CIGS Solar Cell Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, CIGS Solar Cell Study Sheds Light on
The CIGS Solar Cell Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the CIGS Solar Cell industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where CIGS Solar Cell industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.