The thin film solar PV modules market size has the potential to grow by USD 4.57 billion during 2020-2025, and the market’s growth momentum will accelerate at a CAGR of 8%.
This report provides a detailed analysis of the market by technology (cadmium telluride and copper indium gallium di-selenide) and geography (APAC, Europe, MEA, North America, and South America)
Market Overview
Browse TOC and LoE with selected illustrations and example pages of Thin Film Solar PV Modules Market
Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Antec Solar GmbH
- Ascent Solar Technologies Inc.
- First Solar Inc.
- Flisom AG
- Hanergy Holding
- Kaneka Corp.
- SOLAR FRONTIER K.K.
- SoloPower Systems Inc.
- Soltecture GmbH
- TS Solar GmbH
The thin film solar PV modules market is fragmented and the vendors are deploying growth strategies such as R&D and innovations to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as the rising solar PV installations to achieve growth opportunities. However, factors such as the increasing number of alternative energy sources will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the thin film solar PV modules market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This thin film solar PV modules market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Thin Film Solar PV Modules Market: Key Drivers and Trends
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Thin Film Solar PV Modules Market: Segmentation by Geography
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50% of the market’s growth will originate from North America during the forecast period. The US is a key market for thin film solar PV modules in North America. Market growth in this region will be faster than the growth of the market in Europe and South America.
The reduction in the prices of solar PV modules and the increase in government support for the development of renewable energy will facilitate the thin film solar PV modules market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Thin Film Solar PV Modules Market: Segmentation by Technology
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Globally, Cadmium Telluride (CdTe) solar PV module technology is a commonly used solar PV module technology. This technology accounted for more than half of the thin film solar PV modules market in 2020. These CdTe modules are considered as thin film-based modules as their active layers are a few microns thick.
Fetch actionable market insights on post COVID19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the thin film solar PV modules market size.
Thin Film Solar PV Modules Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive thin film solar PV modules market growth during the next five years
- Precise estimation of the thin film solar PV modules market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the thin film solar PV modules industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of thin film solar PV modules market vendors
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Thin Film Solar PV Modules Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8% |
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Market growth 2021-2025 |
$ 4.57 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.54 |
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Regional analysis |
North America, APAC, Europe, South America, and MEA |
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Performing market contribution |
North America at 50% |
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Key consumer countries |
US, China, Japan, India, and Germany |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Antec Solar GmbH, Ascent Solar Technologies Inc., First Solar Inc., Flisom AG, Hanergy Holding, Kaneka Corp., SOLAR FRONTIER K.K., SoloPower Systems Inc. , Soltecture GmbH, and TS Solar GmbH |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |