Product Code: ANV841
REPORT HIGHLIGHT
The global Silicon Thin-Film Solar Cell market is estimated to be worth $11,407.2 million in 2021. Silicon Thin-Film Solar Cell market is expected to expand at an 9.1% CAGR during the forecast period.
Market Introduction
Thin-film solar cells are a new generation of photovoltaic cells that have numerous thin-film layers of photovoltaic materials. Thin-film solar cells (TFSC) or thin-film photovoltaic cells (TFPC) are other names for thin-film solar cells (TFPV). When compared to standard P-N junction solar cells, thin-film layers are much thinner (a few nanometers, often 20 times thinner than c-Si wafers). Thin-film solar panels are also formed of semiconductor thin films placed on glass, plastic, or metal. Thin-film solar panels are therefore flexible and light. Furthermore, thin-film cells are always enclosed in plastic so that the result may be flexible enough to mold to the shape of a roof, and thin-film panels are more rigid and heavier when glass is employed.
Market Dynamics
The Silicon Thin-Film Solar Cell market is expected to increase at an exponential rate during the forecast period. Growing concern about fossil fuel depletion, falling solar part prices in conjunction with rising demand for sustainable energy, and increased awareness of the benefits of clean energy techniques are some of the major divers for the Silicon thin-film solar cell market, while high manufacturing costs and technological complications are a few of the market's restraining factors. Growing research into renewable energy resources, on the other hand, will open up new potential for the silicon thin-film solar cell market. During the forecast period, the global silicon thin-film solar cells market is expected to witness high growth mainly owing to their low manufacturing costs and their wide availability in different sizes and shapes. Other drivers are the widespread accessibility of amorphous silicon and its non-toxic nature. The high demand for environment-friendly photovoltaic technologies that do not employ heavy metals like cadmium or lead will further provide growth prospects for the global Silicon Thin-film Solar Cells Market.
Segmentation Analysis
Silicon Thin-Film Solar Cell Market is segmented By type, installation, application, and geography. Based on type, Amorphous Silicon dominates the global market with a 48% market share. Thin-Film Silicon Amorphous-Silicon (a-Si) technology is used to make solar cells. Amorphous silicon thin film is the most well-developed solar cell manufacturing technique that is utilized in a variety of applications, including pocket calculators, solar wristwatches, electronic calculator powering, and automotive accessories.
Amorphous silicon is a primary input that only requires about 1% of silicon to make crystalline silicon-based solar cells. They can be deposited on a variety of substrates at temperatures lower than 300°C, making them excellent for roll-to-roll manufacturing procedures. Thin-film layers improve efficiency in low-light circumstances while also making it lighter, more flexible, and easier to handle, all of which are projected to open up new commercial prospects in the coming years.
Competitive Landscape
The global Silicon Thin-Film Solar Cell market is fairly competitive, with a presence of a large number of international and national players. Some of the major players in the market are First Solar, Ascent Solar, Technologies Inc., and PowerFilm Solar Inc. Industry players are relying on product approvals, product launches, mergers, and acquisitions to gain a significant share of the global Silicon Thin-Film Solar Cell market. For instance, in November 2020, Magnora ASA acquired a 28.4% interest in Evolar. In 2021, Evolar entered into a joint development project with an Indian silicon solar module manufacturer. This partnership aims to develop highly efficient silicon tandem solar modules for the South Asian market.
Key features of the study:
- This proposed research study on Silicon Thin-Film Solar Cell market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2022-2028), considering 2021 as the base year
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Silicon Thin-Film Solar Cell market.
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Silicon Thin-Film Solar Cell market.
- Impact of COVID-19 on Silicon Thin-Film Solar Cell market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Silicon Thin-Film Solar Cell market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the Silicon Thin-Film Solar Cell market, we have also included competitive landscape and key innovator analysis for the Silicon Thin-Film Solar Cell market
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Silicon Thin-Film Solar Cell market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global Silicon Thin-Film Solar Cell market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
Global Silicon Thin-Film Solar Cell Market Key Players
- Oxford Photovoltaics
- Kaneka Corporation
- Trony Solar
- Sharp
- Canadian Solar Inc.
- Mitsubishi Electric
- Xunlight Kunshan
- Solar Frontier K.K.
- Ascent Solar Technologies Inc.
- Global Solar, Inc.
Global Silicon Thin-Film Solar Cell Market by Type
- Amorphous silicon
- Microcrystalline tandem cells
- Polycrystalline Silicon
Global Silicon Thin-Film Solar Cell Market by Installation
Global Silicon Thin-Film Solar Cell Market by Application
- Residential
- Commercial
- Utility
Global Silicon Thin-Film Solar Cell Market by Region
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle-East and Africa
- GCC
- South Africa
- Rest of Middle-East and Africa
TABLE OF CONTENT
1. Silicon Thin-Film Solar Cell Market Overview
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Market Snippet by Type
- 2.1.2. Market Snippet by Application
- 2.1.3. Market Snippet by Installation
- 2.1.4. Market Snippet by Country
- 2.1.5. Market Snippet by Region
- 2.2. Competitive Insights
3. Silicon Thin-Film Solar Cell Key Market Trends
- 3.1. Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Future Trends
4. Silicon Thin-Film Solar Cell Industry Study
- 4.1. Porter's Five Forces Analysis
- 4.2. Marketing Strategy Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Silicon Thin-Film Solar Cell Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Silicon Thin-Film Solar Cell Market Landscape
- 6.1. Market Share Analysis, 2020
- 6.2. Key Innovators Analysis
- 6.3. Breakdown Data, by Key Manufacturer
- 6.3.1. Established Players' Analysis
- 6.3.2. Emerging Players' Analysis
7. Silicon Thin-Film Solar Cell Market - By Type
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Type, 2021 & 2028 (%)
- 7.1.2. Amorphous silicon
- 7.1.3. Microcrystalline tandem cells
- 7.1.4. Polycrystalline Silicon
8. Silicon Thin-Film Solar Cell Market - By Application
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Application, 2021 & 2028 (%)
- 8.1.2. Residential
- 8.1.3. Commercial
- 8.1.4. Utility
9. Silicon Thin-Film Solar Cell Market - By Installation
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By Type, 2021 & 2028 (%)
- 9.1.2. On-Grid
- 9.1.3. Off-Grid
10. Silicon Thin-Film Solar Cell Market- By Geography
- 10.1. Introduction
- 10.1.1. Segment Share Analysis, By Geography, 2021 & 2028 (%)
- 10.2. North America
- 10.2.1. Overview
- 10.2.2. Key Manufacturers in North America
- 10.2.3. North America Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 10.2.4. North America Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.2.5. North America Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.2.6. North America Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.2.7. U.S.
- 10.2.7.1. Overview
- 10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.2.7.3. U.S. Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.2.7.4. U.S. Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.2.7.5. U.S. Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.2.8. Canada
- 10.2.8.1. Overview
- 10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 1.1.1.1. Canada Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 1.1.1.2. Canada Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 1.1.1.3. Canada Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.3. Europe
- 10.3.1. Overview
- 10.3.2. Key Manufacturers in Europe
- 10.3.3. Europe Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 10.3.4. Europe Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.3.5. Europe Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.3.6. Europe Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.3.7. Germany
- 10.3.7.1. Overview
- 10.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.3.7.3. Germany Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.3.7.4. Germany Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.3.7.5. Germany Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.3.8. Italy
- 10.3.8.1. Overview
- 10.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.3.8.3. Italy Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.3.8.4. Italy Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.3.8.5. Italy Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.3.9. United Kingdom
- 10.3.9.1. Overview
- 10.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.3.9.3. United Kingdom Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.3.9.4. United Kingdom Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.3.9.5. United Kingdom Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.3.10. France
- 10.3.10.1. Overview
- 10.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.3.10.3. France Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.3.10.4. France Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.3.10.5. France Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.3.11. Rest of Europe
- 10.3.11.1. Overview
- 10.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.3.11.3. Rest of the Europe Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.3.11.4. Rest of the Europe Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.3.11.5. Rest of the Europe Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.4. Asia Pacific (APAC)
- 10.4.1. Overview
- 10.4.2. Key Manufacturers in Asia Pacific
- 10.4.3. Asia Pacific Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 10.4.4. Asia Pacific Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.4.5. Asia Pacific Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.4.6. Asia Pacific Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.4.7. India
- 10.4.7.1. Overview
- 10.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.4.7.3. India Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.4.7.4. India Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.4.7.5. India Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.4.8. China
- 10.4.8.1. Overview
- 10.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.4.8.3. China Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.4.8.4. China Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.4.8.5. China Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.4.9. Japan
- 10.4.9.1. Overview
- 10.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.4.9.3. Japan Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.4.9.4. Japan Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.4.9.5. Japan Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.4.10. South Korea
- 10.4.10.1. Overview
- 10.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.4.10.3. South Korea Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.4.10.4. South Korea Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.4.10.5. South Korea Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.4.11. Rest of APAC
- 10.4.11.1. Overview
- 10.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.4.11.3. Rest of APAC Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.4.11.4. Rest of APAC Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.4.11.5. Rest of APAC Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.5. Latin America
- 10.5.1. Overview
- 10.5.2. Key Manufacturers in Latin America
- 10.5.3. Latin America Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 10.5.4. Latin America Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.5.5. Latin America Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.5.6. Latin America Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.5.7. Brazil
- 10.5.7.1. Overview
- 10.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.5.7.3. Brazil Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.5.7.4. Brazil Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.5.7.5. Brazil Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.5.8. Mexico
- 10.5.8.1. Overview
- 10.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.5.8.3. Mexico Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.5.8.4. Mexico Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.5.8.5. Mexico Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.5.9. Argentina
- 10.5.9.1. Overview
- 10.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.5.9.3. Argentina Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.5.9.4. Argentina Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.5.9.5. Argentina Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.5.10. Rest of LATAM
- 10.5.10.1. Overview
- 10.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.5.10.3. Rest of LATAM Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.5.10.4. Rest of LATAM Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.5.10.5. Rest of LATAM Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.6. Middle East and Africa
- 10.6.1. Overview
- 10.6.2. Key Manufacturers in Middle East and Africa
- 10.6.3. Middle East and Africa Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 10.6.4. Middle East and Africa Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.6.5. Middle East and Africa Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.6.6. Middle East and Africa Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.6.7. Saudi Arabia
- 10.6.7.1. Overview
- 10.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.6.7.3. Saudi Arabia Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.6.7.4. Saudi Arabia Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.6.7.5. Saudi Arabia Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
- 10.6.8. United Arab Emirates
- 10.6.8.1. Overview
- 10.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.6.8.3. United Arab Emirates Market Size and Forecast, By Type, 2017 - 2028 (US$ Million)
- 10.6.8.4. United Arab Emirates Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 10.6.8.5. United Arab Emirates Market Size and Forecast, By Installation, 2017 - 2028 (US$ Million)
11. Key Vendor Analysis
- 11.1. Competitive Dashboard
- 11.2. Company Profiles
- 11.2.1. Oxford Photovoltaics
- 11.2.2. Kaneka Corporation
- 11.2.3. Trony Solar
- 11.2.4. Sharp
- 11.2.5. Canadian Solar Inc.
- 11.2.6. Mitsubishi Electric
- 11.2.7. Xunlight Kunshan
- 11.2.8. Solar Frontier K.K.
- 11.2.9. Ascent Solar Technologies Inc.
- 11.2.10. Global Solar, Inc.
12. 360 Degree Analyst View
13. Appendix
- 13.1. Research Methodology
- 13.2. References
- 13.3. Abbreviations
- 13.4. Disclaimer
- 13.5. Contact Us