Thin Film Solar Panel Market
Thin Film Solar Panel Market Overview
An overview of conceptual frameworks, analytical approaches of the thin film solar panel market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Thin film solar panel market is expected to grow with significant rate in the near future.
The global thin film solar panel market in 2020 is estimated for more than US$ 15.5 Bn and expected to reach a value of US$ 52.9 Bn by 2028 with a significant CAGR of 16.6%.
Thin Film Solar Panel Market Definition
Thin film solar panel is the next generation in solar technology consists of one or more thin layer of photovoltaic material on a substrate such as metal, plastic, and glass which is mainly used to transform solar rays into electricity. Thin film solar panels are rugged, light weighted, flexible, and are adaptable in the very surface. Thin film has higher impact tolerance than its crystalline cousin, making it more resistant to damage from hail, golf balls, rocks, and the like.
Thin Film Solar Panel Market Dynamics
The global thin film solar panel market is expected to increase at a significant CAGR during the forecast period due to the increasing initiatives to develop and promote the adoption of clean energy technology and government regulations and initiatives for promoting solar energy such as less import duty, financial assistance, tax credit, subsidy, net metering, and feed-in tariff are some of the major factors that will drive the growth of global thin film solar panel market.
Technological advancement and increasing expenditure towards solar technology are also some of the major factors which are expected to increase the demand for thin film solar panel globally.
Thin Film Solar Panel Market Key Players
Global thin film solar panel market is mainly dominated by:
Ascent Solar Technologies Inc.
First Solar
Global Solar, Inc.
Hankey Asia Ltd.
Kaneka Corporation
MiaSole Hi-Tech Corp.
Mitsubishi Electric US, Inc.
Oxford Photovoltaics
Trony Solar
Xunlight Kunshan Co. Ltd.
Thin Film Solar Panel Market Segmentation
The global thin film solar panel market is segmented on the basis of product type, end-user, and installation type and by region
On the basis of product type segment, the global thin film solar panel market product type segment is sub-segmented into:
Cadmium Telluride (CdTe)
Copper Indium gallium diselenide (CIGS)
Amorphous Thin-Film Silicon
In 2018, copper indium gallium diselenide (CIGS) product type segment is accounted to have the largest arket share followed by cadmium telluride (CdTe) in terms of value and expected to remain to dominate throughout the forecast period.
Thin Film Solar Panel Market Regional Segmentation
On the basis of region, the global thin film solar panel market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. Europe thin film solar panel market is expected to be the most dominating market throughout the forecast period. Whereas, Latin America thin film solar panel is expected to generate the highest CAGR in comparison to other regions. Upsurge investment in wind and solar sector mainly Brazil is one of the main factors that will drive the growth of the market in Latin America.
MMC Overview on Thin Film Solar Panel Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.
A research report on the Thin Film Solar Panel market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market. The report is titled as ‘Thin Film Solar Panel Market: Opportunity Analysis and Future Assessment 2020-2028’.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
• New product designs and launches
• Current product compliance
• Reimbursement
• Concerns for use of Thin Film Solar Panel
• Advantage of Thin Film Solar Panel
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
1. Global Thin Film Solar Panel Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Thin Film Solar Panel Market Overview
2.1. Introduction
2.1.1. Market Definition
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Thin Film Solar Panel Market Snapshot
2.4. Global Thin Film Solar Panel Market Size and Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Thin Film Solar Panel Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. Global Thin Film Solar Panel Market, By Product Type
3.1. Introduction
3.1.1. Annual Growth Rate Comparison, By Product Type
3.1.2. BPS Analysis, By Product Type
3.2. Market Revenue (US$Mn) Forecast, By Product Type
3.2.1. Cadmium Telluride (Cdte)
3.2.2. Copper Indium Gallium Diselenide (CIGS)
3.2.3. Amorphous Thin-Film Silicon
3.3. Global Thin Film Solar Panel Market Attractiveness Index, By Product Type
4. Global Thin Film Solar Panel Market, By End User
4.1. Introduction
4.1.1. Annual Growth Rate Comparison, By End User
4.1.2. BPS Analysis, By End User
4.2. Market Revenue (US$Mn) Forecast, By End User
4.2.1. Commercial
4.2.2. Residential
4.2.3. Utility
4.3. Global Thin Film Solar Panel Market Attractiveness Index, By End User
5. Global Thin Film Solar Panel Market, By Installation
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Installation
5.1.2. BPS Analysis, By Installation
5.2. Market Revenue (US$Mn) Forecast, By Installation
5.2.1. Off-Grid
5.2.2. On-Grid
5.3. Global Thin Film Solar Panel Market Attractiveness Index, By Installation
6. Global Thin Film Solar Panel Market, By Region
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Region
6.1.2. BPS Analysis, By Region
6.2. Market Revenue (US$Mn) Forecast, By Region
6.2.1. North America
6.2.2. Latin America
6.2.3. Europe
6.2.4. Asia Pacific
6.2.5. Middle East
6.2.6. Africa
6.3. Global Thin Film Solar Panel Market Attractiveness Index, By Region
7. North America Thin Film Solar Panel Market Analysis and Forecast, 2020–2028
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Country
7.1.2. BPS Analysis, By Country
7.2. Market Revenue (US$Mn) Forecast, By Country
7.2.1. U.S. Thin Film Solar Panel Market
7.2.2. Canada Thin Film Solar Panel Market
7.3. North America Thin Film Solar Panel Market, By Product Type
7.3.1. Cadmium Telluride (Cdte)
7.3.2. Copper Indium Gallium Diselenide (CIGS)
7.3.3. Amorphous Thin-Film Silicon
7.4. North America Thin Film Solar Panel Market, By End User
7.4.1. Defence and Military
7.4.2. Commercial
7.4.3. Government
7.4.4. Industry
7.5. North America Thin Film Solar Panel Market Attractiveness Index
7.5.1. By Country
7.5.2. By Product Type
7.5.3. By End User
8. Latin America Thin Film Solar Panel Market Analysis and Forecast, 2020–2028
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Country
8.1.2. BPS Analysis, By Country
8.2. Market (US$Mn) Forecast, By Country
8.2.1. Brazil Thin Film Solar Panel Market
8.2.2. Mexico Thin Film Solar Panel Market
8.2.3. Argentina Thin Film Solar Panel Market
8.2.4. Rest of Latin America Thin Film Solar Panel Market
8.3. Latin America Thin Film Solar Panel Market, By Product Type
8.3.1. Cadmium Telluride (Cdte)
8.3.2. Copper Indium Gallium Diselenide (CIGS)
8.3.3. Amorphous Thin-Film Silicon
8.4. Latin America Thin Film Solar Panel Market, By End User
8.4.1. Defence and Military
8.4.2. Commercial
8.4.3. Government
8.4.4. Industry
8.5. Latin America Thin Film Solar Panel Market Attractiveness Index
8.5.1. By Country
8.5.2. By Product Type
8.5.3. By End User
9. Europe Thin Film Solar Panel Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market (US$Mn) Forecast, By Country
9.2.1. U.K. Thin Film Solar Panel Market
9.2.2. Germany Thin Film Solar Panel Market
9.2.3. Italy Thin Film Solar Panel Market
9.2.4. France Thin Film Solar Panel Market
9.2.5. Spain Thin Film Solar Panel Market
9.2.6. Russia Thin Film Solar Panel Market
9.2.7. Poland Thin Film Solar Panel Market
9.2.8. BENELUX Thin Film Solar Panel Market
9.2.9. NORDIC Thin Film Solar Panel Market
9.2.10. Rest of Europe Thin Film Solar Panel Market
9.3. Europe Thin Film Solar Panel Market, By Product Type
9.3.1. Cadmium Telluride (Cdte)
9.3.2. Copper Indium Gallium Diselenide (CIGS)
9.3.3. Amorphous Thin-Film Silicon
9.4. Europe Thin Film Solar Panel Market, By End User
9.4.1. Defence and Military
9.4.2. Commercial
9.4.3. Government
9.4.4. Industry
9.5. Europe Thin Film Solar Panel Market Attractiveness Index
9.5.1. By Country
9.5.2. By Product Type
9.5.3. By End User
10. Asia Pacific Thin Film Solar Panel Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market (US$Mn) Forecast, By Country
10.2.1. China Thin Film Solar Panel Market
10.2.2. India Thin Film Solar Panel Market
10.2.3. Japan Thin Film Solar Panel Market
10.2.4. Australia and New Zealand Thin Film Solar Panel Market
10.2.5. South Korea Thin Film Solar Panel Market
10.2.6. ASEAN Thin Film Solar Panel Market
10.2.7. Rest of Asia Pacific Thin Film Solar Panel Market
10.3. Asia Pacific Thin Film Solar Panel Market, By Product Type
10.3.1. Cadmium Telluride (Cdte)
10.3.2. Copper Indium Gallium Diselenide (CIGS)
10.3.3. Amorphous Thin-Film Silicon
10.4. Asia Pacific Thin Film Solar Panel Market, By End User
10.4.1. Defence and Military
10.4.2. Commercial
10.4.3. Government
10.4.4. Industry
10.5. Asia Pacific Thin Film Solar Panel Market Attractiveness Index
10.5.1. By Country
10.5.2. By Product Type
10.5.3. By End User
11. Middle East Thin Film Solar Panel Market, By Region
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. GCC Countries Thin Film Solar Panel Market
11.2.2. Israel Thin Film Solar Panel Market
11.2.3. Oman Thin Film Solar Panel Market
11.2.4. Rest of Middle East Thin Film Solar Panel Market
11.3. Middle East Thin Film Solar Panel Market, By Product Type
11.3.1. Cadmium Telluride (Cdte)
11.3.2. Copper Indium Gallium Diselenide (CIGS)
11.3.3. Amorphous Thin-Film Silicon
11.4. Middle East Thin Film Solar Panel Market, By End User
11.4.1. Defence and Military
11.4.2. Commercial
11.4.3. Government
11.4.4. Industry
11.5. Middle East Thin Film Solar Panel Market Attractiveness Index
11.5.1. By Country
11.5.2. By Product Type
11.5.3. By End User
12. Africa Thin Film Solar Panel Market, By Region
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. South Africa Thin Film Solar Panel Market
12.2.2. Egypt Thin Film Solar Panel Market
12.2.3. North Africa Thin Film Solar Panel Market
12.2.4. Rest of Africa Thin Film Solar Panel Market
12.3. Africa Thin Film Solar Panel Market, By Product Type
12.3.1. Cadmium Telluride (Cdte)
12.3.2. Copper Indium Gallium Diselenide (CIGS)
12.3.3. Amorphous Thin-Film Silicon
12.4. Africa Thin Film Solar Panel Market, By End User
12.4.1. Defence and Military
12.4.2. Commercial
12.4.3. Government
12.4.4. Industry
12.5. Africa Thin Film Solar Panel Market Attractiveness Index
12.5.1. By Country
12.5.2. By Product Type
12.5.3. By End User
13. Recommendation
13.1. Market Strategy
14. Competitive Landscape
14.1. Competition Dashboard
14.2. List and Company Overview of Global Key Players
14.3. Company Profiles
14.3.1. Ascent Solar Technologies Inc.
14.3.1.1. Company Overview
14.3.1.2. Financial Overview
14.3.1.3. Product Portfolio
14.3.1.4. Key Developments
14.3.1.5. Business Strategies
14.3.2. First Solar
14.3.3. Global Solar, Inc.
14.3.4. Hankey Asia Ltd.
14.3.5. Kaneka Corporation
14.3.6. MiaSole Hi-Tech Corp.
14.3.7. Mitsubishi Electric US, Inc.
14.3.8. Oxford Photovoltaics
14.3.9. Trony Solar
14.3.10. Xunlight Kunshan Co. Ltd.
15. Acronyms