About Flexible Solar Cell
The flexible solar cell is particularly made by placing one or more layers of photovoltaic material on a surface, such as plastic, glass, or metal. The thickness of these cells varies from a few nanometers to micrometers and is relatively lightweight and flexible. These cells are ideal for a variety of applications, owing to their non-penetrating peel and flexibility. These are widely employed for residential, commercial, and utility purposes.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.2% |
The flexible solar cell market is at an exciting stage, with several promising players and technologies vying for dominance. As technology matures and cost competitiveness improves, we can expect widespread adoption in various applications, contributing to a more sustainable future. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Flexible Solar Cell 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.
United Solar Ovonic LLC (United States), MiaSolé (United States), Global Solar Energy (United States), SoloPower Systems Inc. (United States), Flisom (Switzerland), Sun Harmonics (United States), FWAVE Company (Japan) and PowerFilm, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Flexible Solar Cell market by Type (Copper Indium Gallium Selenide (CIGS) and Amorphous Silicon (a-Si)), Application (Commercial, Residential, Mobile and Others) and Region.
On the basis of geography, the market of Flexible Solar Cell 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 Distribution Channel, the sub-segment i.e. Online will boost the Flexible Solar Cell market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power, the sub-segment i.e. 0 - 60 MW will boost the Flexible Solar Cell market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Portable Power
Market Growth Drivers:
Increase in Worldwide Energy Consumption and Rising Awareness towards Boosting Green Energy
Challenges:
Lack of Technological Awareness about Functioning of Flexible Solar Cell and System Complexity
Restraints:
High Initial Manufacturing Cost
Opportunities:
The Rise in Environmental Concerns and Growth in Research Activities and Increasing Number of Electrification Projects in Developing Countries
Market Leaders and their expansionary development strategies
In December 2023, Epishine, announced its strategic partnership with PowerFilm Solar, the US leader in thin, flexible solar cells. This collaboration marks a significant step in Epishine’s expansion into the US market, teaming up with PowerFilm Solar to be their option for ultra-low-light applications.
In September 2023, SolarEdge Technologies, Inc., a global leader in smart energy technology, today announced the U.S. launch of its new high-power, three-phase SolarEdge 330 kW Inverter and its complementing H1300 Power Optimizer for community solar, agri-PV and small-to-medium scale ground mount utility PV applications.
Key Target Audience
Flexible Solar Cell Manufacturers, Flexible Solar Cell Suppliers/ Distributors, Raw Materiel Suppliers, Potential Investors and End-User Industry
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.