Thin Film Solar PV Module Market

A thin-film solar cell is formed by the deposition of one or more thin layers of photovoltaic material on a substrate. These panels are made with electricity-producing layers which are thinner than those in traditional silicon panels. There are two major types of thin film solar PV modules: organic and inorganic PV.

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The major factors contributing towards the growth of the Global Thin Film Solar PV Module market include the increasing demand for sustainable energy, decline in prices of solar components, stringent emission controls norms, and favourable government initiatives. The growing energy consumption, rising government efforts toward grid integration of renewable technologies is leading to the increasing demand for thin film solar PV modules across the globe. Moreover, the rapid industrialization and urbanization coupled with positive consumer outlook toward the consumption of clean energy are further propelling the growth of the market. Advancements in technology to enhance efficiency, achieve cost competency, minimize module pricing, and improve the operational life of thin-film solar cells will create new opportunities in the market. However, the requirement of a larger area for installation of thin film solar PV modules and the lack of awareness regarding these PV modules is likely to hamper the growth of the market.

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Based on the type, the organic PV segment is expected to grow at a higher CAGR in the market during the forecast period owing to its lower cost of manufacturing driven by the easy availability of raw materials used to build organic solar cells. The organic PV module uses conductive organic polymers or small organic molecules to generate electricity.

Based on the Application, the residential segment is projected to grow at a higher CAGR in the market during the forecast period owing to the growing population coupled with a positive perspective of customers towards solar technology deployment. In addition to this, the changing lifestyle, along with increasing awareness about climate change and its impact, is also fuelling the growth of this segment during the forecast period.

Based on the Connectivity, the off-grid segment is expected to grow at a higher CAGR during the forecast period due to the increasing demand for uninterruptable and reliable power supply across the developing nations. Moreover, the growing integration of decentralized power generation sources across remote areas along with regulatory measures to enhance the electrification index are further boosting the growth of the market.

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Based on the region, Asia-pacific is anticipated to lead the global Thin Film Solar PV Module market during the forecast period owing to the increasing deployment of solar PV modules across numerous applications such as residential and utilities and the increasing integration of renewable for off-grid projects coupled with stringent government to meet clean fuel targets across the Asian countries.

The major key players in the market include Ascent Solar Technologies, First Solar, MiaSole Hi-Tech Corp., Oxford Photovoltaics, Global Solar, Inc., Solar Frontier K.K., Trony Solar, SoloPower Systems, TSMC Solar, and Solibro GmbH among others.

Key Developments:

• • In 2017, First Solar launched the first functional Series 6 thin-film module with a power rating of 420-445 watts and conversion efficiency of over 17 percent. With this product launch, First Solar aims to expand its production facility in Vietnam.

The Global Thin Film Solar PV Module market has been segmented based on the Type, Applications, Connectivity, and region. Based on Type, the market is segmented into Organic PV and Inorganic PV. Based on Application, the market is segmented into Residential, Utility, and Others. Based on Connectivity, the market is segmented into off-grid and on-grid.

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Key questions answered in this research report:

• • At what pace is the global Thin Film Solar PV Module market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Thin Film Solar PV Module market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Thin Film Solar PV Module market?
  • Which application generated maximum revenues in 2019 and identify the most promising applications during the forecast period?
  • What are the various connectivity areas of the global Thin Film Solar PV Module market, and how are they poised to grow?
  • What companies are the major participants in the global Thin Film Solar PV Module market and their business strategies, how does the competitive landscape look like?

 

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By Connectivity, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Ascent Solar Technologies, First Solar, MiaSole Hi-Tech Corp., Oxford Photovoltaics, Global Solar, Inc., Solar Frontier K.K., Trony Solar, SoloPower Systems, TSMC Solar, and Solibro GmbH; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

 

Market Segmentation

Global Thin Film Solar PV Module Market by Type

• • Organic PV
  • Inorganic PV

Global Thin Film Solar PV Module Market by Application

• • Residential
  • Utility
  • Others

Global Thin Film Solar PV Module Market by Connectivity

• • Off-Grid
  • On-Grid

Global Thin Film Solar PV Module Market by Region

• • North America Thin Film Solar PV Module Market
    (Option 1: As a part of the free 25% customization)
    • North America Thin Film Solar PV Module Market by Type
    • North America Thin Film Solar PV Module Market by Application
    • North America Thin Film Solar PV Module Market by Connectivity
    • US All-Up Thin Film Solar PV Module Market
    • Canada All-Up Thin Film Solar PV Module Market
  • Europe Thin Film Solar PV Module Market
    (Option 2: As a part of the free 25% customization)
    • Europe Thin Film Solar PV Module Market by Type
    • Europe Thin Film Solar PV Module Market by Application
    • Europe Thin Film Solar PV Module Market by Connectivity
    • United Kingdom (UK) All-Up Thin Film Solar PV Module Market
    • Germany All-Up Thin Film Solar PV Module Market
    • France All-Up Thin Film Solar PV Module Market
    • Spain All-Up Thin Film Solar PV Module Market
    • Rest of Europe All-Up Thin Film Solar PV Module Market
  • Asia-Pacific Thin Film Solar PV Module Market
    (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Thin Film Solar PV Module Market by Type
    • Asia-Pacific Thin Film Solar PV Module Market by Application
    • Asia-Pacific Thin Film Solar PV Module Market by Connectivity
    • China All-Up Thin Film Solar PV Module Market
    • India All-Up Thin Film Solar PV Module Market
    • Japan All-Up Thin Film Solar PV Module Market
    • Rest of APAC All-Up Thin Film Solar PV Module Market
  • ROW Thin Film Solar PV Module Market
    (Option 4: As a part of the free 25% customization)
    • RoW Thin Film Solar PV Module Market by Type
    • RoW Thin Film Solar PV Module Market by Application
    • RoW Thin Film Solar PV Module Market by Connectivity
    • Brazil All-Up Thin Film Solar PV Module Market
    • South Africa All-Up Thin Film Solar PV Module Market
    • Saudi Arabia All-Up Thin Film Solar PV Module Market
    • UAE All-Up Thin Film Solar PV Module Market
    • Rest of world (remaining countries of the LAMEA region) All-Up Thin Film Solar PV Module Market

Global Thin Film Solar PV Module Market Leading Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Ascent Solar Technologies
  • First Solar
  • MiaSole Hi-Tech Corp.
  • Oxford Photovoltaics
  • Global Solar, Inc
  • Solar Frontier K.K.
  • Trony Solar
  • SoloPower Systems
  • TSMC Solar
  • Solibro GmbH