About Thin Film Solar Panels/module
Thin Film Solar Panels/module are built of semiconductor thin films placed on glass, plastic, or metal. The films are very thin, sometimes up to 20 times thinner than c-Si wafers. Thin-film solar panels are so flexible and lightweight. Thin Film Solar Panels/module is a type of second-generation solar cell manufactured by depositing one or more thin layers, or thin films, of photovoltaic material on a substrate such as glass, plastic, or metal. Thin-film solar panels are a second generation technology that differs from the most prevalent crystalline silicon (c-Si) modules. Thin-film solar cells (TFSC) are made by layering a single or many layers of PV components over a surface made of glass, plastic, or metamaterial. Thin Film Solar Panels/module are substantially smaller and more flexible than inelastic c-Si modules and may be easily deployed to a variety of facility designs, such as circular roofs. Thin Film Solar Panels/module are also much lighter than their hefty counterparts and more resistant to environmental influences, allowing them to be walked on.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The Global market of Thin Film Solar Panels/module is included more number of player which are provide high number of services so the global market are less competition. In worldwide market of Thin Film Solar Panels/module the presented companies follow the new launch or innovation of product for increasing their revenue and growth. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Thin Film Solar Panels/module market throughout the forecasted period. 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.
Soltecture Solartechnik GmbH (Germany), TS Solar GmbH (Germany), SoloPower Systems, Inc. (United States), United Solar Ovonic LLC (United States), FLISOM Flexible Solar Modules (Switzerland), Hanergy Thin Film Power Group (China), NanoPV Solar Inc (United States), Solar Frontier K.K. (United States), First Solar (United States) and Ascent Solar Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Oxford Photovoltaics (United Kingdom), Solara (India), LeydenJar Technologies (Netherland), TWI Technology Centre (United Kingdom) and Heliatek (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Thin Film Solar Panels/module market by Type (Amorphous silicon (a-Si), Cadmium Telluride (CdTe), Copper indium gallium selenide (CIGS) and Dye-sensitized solar cell (DSC)), Application (Solar Farms, Institutional and Commercial Buildings, Forest Areas, Traffic and Street Lights, Automobiles and Others) and Region.
On the basis of geography, the market of Thin Film Solar Panels/module 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 End Users, the sub-segment i.e. Commercial will boost the Thin Film Solar Panels/module market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Thin Film Solar Panels/module market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Capacity, the sub-segment i.e. 250W will boost the Thin Film Solar Panels/module market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Materials, the sub-segment i.e. Photovoltaic Material will boost the Thin Film Solar Panels/module market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Continuous Research and Development in Thin Film Solar Panels/Module for Increasing Efficiency
Market Growth Drivers:
Intensifying Ultimatum of Renewable Energy Source, Expanding Petition for Portable Application, Escalating Ultimatum for Energy Production and Easy To Install and Lower Rate for Installation
Challenges:
Higher Production Cost, Hazardous Manufacturing Process and Lack of Raw Material for Thin Film Solar Panels/Module
Restraints:
Lower Efficiency than Conventional Panels, Shorter Lifespan than Conventional Panels, Less Availability in Market and More Space Required For Installation
Opportunities:
Budding the Government Investment for Renewable Energy Production, Mounting the Awareness about Environment Globally and Cumulative Industrialization and Globalization
Market Leaders and their expansionary development strategies
In 2021 First Solar Signs Definitive Agreement to Sell US Development Platform to Leeward. This purchase will support our ambitious expansion plan as a leading independent power producer and enhance Leeward's prominent position in today's energy market," said Jason Allen, Leeward Renewable Energy's chief executive officer. "The public understands that renewable energy is a critical driver in addressing the worldwide challenge of climate change." Solar and renewable technologies are advancing and now provide economically viable solutions in nearly every industry in the United States. We will continue to expand our wind, solar, and storage footprint so that we can continue to supply sustainable energy to our current and future clients as they strive towards net-zero emissions.
In 2021 Solar Frontier abandons thin-film, launches 250 W monocrystalline panel. Solar Frontier, a division of Japanese energy corporation Idemitsu Kosan Co Ltd, has shown its first monocrystalline solar module made of copper/indium/selenium (CIS). The new SFB250-88A 250 W mono residential PV panel has dimensions of 1,320x977x35mm. It weighs 14kg and has a power conversion efficiency of 19.3%. 30.36 V is the open-circuit voltage, while 10.41 A is the short-circuit current. This panel can operate at temperatures ranging from -40 to 85 degrees Celsius and with a maximum system voltage of 1,500 V. The temperature coefficient of power is -0.35% per degree Celsius.
The discarded solar panel is judged to be harmful, it may also be regulated as hazardous waste under RCRA Subtitle C. The most typical reason that solar panels are considered to be hazardous waste is that they fulfil the toxicity criteria. Heavy metals such as lead and cadmium may be leachable at such high quantities that waste panels fail the toxicity characteristic leaching procedure (TCLP), an RCRA-mandated test to assess if items constitute hazardous waste. If the solar panel manufacturer knows from prior experience that the material will fail the TCLP test, they can decide that the waste is dangerous without testing.
Key Target Audience
Thin Film Solar Panels/module manufacture, Vendor and Supplier, Investor, New Entrance, Government bodies, Corporate Entities and Others
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.