Solar Cell Films Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Thin-film solar cells are another name for solar cell films. A thin-film solar cell is a second-generation solar cell made up of one or more thin layers of photovoltaic material, or thin films (TF), on glass, plastic, or metal. Furthermore, these cells are used in a variety of technologies, including cadmium telluride (CdTe), copper indium gallium diselenide (CIGS), and amorphous thin-film silicon (a-Si, TF-Si). Film thickness, on the other hand, varies from a few nanometers (nm) to tens of micrometres (m). Thin film cells become more flexible and lighter as a result of this. Solar cell sheets are also increasingly being used in developing integrated photovoltaic systems.
MARKET DYNAMICS
Due to its greater flexibility and ability to generate electricity in any area, the worldwide solar cell films market is experiencing increased demand. Furthermore, photovoltaic technology's rapid advancement provides benefits such as zero carbon emissions and lower electricity generation costs. Solar PV systems have lower operating and maintenance costs than traditional fossil fuel technologies for power generation, which helps to drive industry growth. The growing demand for electricity in Asia-Pacific and Latin America has accelerated the need for renewable energy sources. Solar energy is also being pushed into the household, industrial, and commercial sectors by regulatory rules and expanding incentives.
MARKET SCOPE
The "Global Solar Cell Films Market Analysis to 2028" is a specialized and in-depth study of the solar cell films market with a special focus on the global market trend analysis. The report aims to provide an overview of the solar cell films market with detailed market segmentation by type, end user and geography. The global solar cell films market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solar cell films market players and offers key trends and opportunities in the solar cell films market.
MARKET SEGMENTATION
The global solar cell films market is segmented based on type and end-user. Based on type, solar cell films market is segmented into amorphous silicon, cadmium telluride and copper indium gallium selenide. Based on end user, solar cell films market is segmented into residential, commercial, and industrial.
IMPACT OF COVID-19 ON SOLAR CELL FILMS MARKET
The unexpected breakout of the new coronavirus has severely disrupted global industrial activities. The number of instances affected has been steadily increasing, prompting several countries to implement a variety of countermeasures such as national lockdowns and social isolation. As a result of the global pandemic, the shutdown of industrial operations has had a significant impact on the market. Growing apprehensions about investing in new projects, restrictions on cross-border trade, deficiencies in required capitals, preventive government measures lowering the workforce, and a slew of other obstacles have all hampered the industry's expansion. For example, the International Energy Agency (IEA) predicted in May 2020 that global investment in the oil and gas industry would plummet by around 33% in 2020 compared to the previous year due to the global financial crisis.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Solar Cell Films Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Solar Cell Films Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Solar Cell Films Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the solar cell films market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Solar Cell Films Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Solar Cell Films Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Solar Cell Films Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the solar cell films market in these regions.
MARKET PLAYERS
The reports cover key developments in the solar cell films market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from solar cell films market are anticipated to lucrative growth opportunities in the future with the rising demand for solar cell films market. Below mentioned is the list of few companies engaged in the solar cell films market.
The report also includes the profiles of key solar cell films market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- 3M
- Advanced Energy
- Dunmore
- Hanergy Holding Group
- Heliatek
- Kaneka Corporation
- Lucent Clean Energy
- Prism Solar Technologies
- Solar Frontier K.K.
- Stion Corporation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Solar Cell Films Market - By Type
1.3.2 Solar Cell Films Market - By End User
1.3.3 Solar Cell Films Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOLAR CELL FILMS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SOLAR CELL FILMS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SOLAR CELL FILMS MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLAR CELL FILMS - GLOBAL MARKET OVERVIEW
6.2. SOLAR CELL FILMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SOLAR CELL FILMS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. AMORPHOUS SILICON
7.3.1. Overview
7.3.2. Amorphous Silicon Market Forecast and Analysis
7.4. CADMIUM TELLURIDE
7.4.1. Overview
7.4.2. Cadmium Telluride Market Forecast and Analysis
7.5. COPPER INDIUM GALLIUM SELENIDE
7.5.1. Overview
7.5.2. Copper Indium Gallium Selenide Market Forecast and Analysis
8. SOLAR CELL FILMS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
9. SOLAR CELL FILMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Solar Cell Films Market Overview
9.1.2 North America Solar Cell Films Market Forecasts and Analysis
9.1.3 North America Solar Cell Films Market Forecasts and Analysis - By Type
9.1.4 North America Solar Cell Films Market Forecasts and Analysis - By End User
9.1.5 North America Solar Cell Films Market Forecasts and Analysis - By Countries
9.1.5.1 United States Solar Cell Films Market
9.1.5.1.1 United States Solar Cell Films Market by Type
9.1.5.1.2 United States Solar Cell Films Market by End User
9.1.5.2 Canada Solar Cell Films Market
9.1.5.2.1 Canada Solar Cell Films Market by Type
9.1.5.2.2 Canada Solar Cell Films Market by End User
9.1.5.3 Mexico Solar Cell Films Market
9.1.5.3.1 Mexico Solar Cell Films Market by Type
9.1.5.3.2 Mexico Solar Cell Films Market by End User
9.2. EUROPE
9.2.1 Europe Solar Cell Films Market Overview
9.2.2 Europe Solar Cell Films Market Forecasts and Analysis
9.2.3 Europe Solar Cell Films Market Forecasts and Analysis - By Type
9.2.4 Europe Solar Cell Films Market Forecasts and Analysis - By End User
9.2.5 Europe Solar Cell Films Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Solar Cell Films Market
9.2.5.1.1 Germany Solar Cell Films Market by Type
9.2.5.1.2 Germany Solar Cell Films Market by End User
9.2.5.2 France Solar Cell Films Market
9.2.5.2.1 France Solar Cell Films Market by Type
9.2.5.2.2 France Solar Cell Films Market by End User
9.2.5.3 Italy Solar Cell Films Market
9.2.5.3.1 Italy Solar Cell Films Market by Type
9.2.5.3.2 Italy Solar Cell Films Market by End User
9.2.5.4 United Kingdom Solar Cell Films Market
9.2.5.4.1 United Kingdom Solar Cell Films Market by Type
9.2.5.4.2 United Kingdom Solar Cell Films Market by End User
9.2.5.5 Russia Solar Cell Films Market
9.2.5.5.1 Russia Solar Cell Films Market by Type
9.2.5.5.2 Russia Solar Cell Films Market by End User
9.2.5.6 Rest of Europe Solar Cell Films Market
9.2.5.6.1 Rest of Europe Solar Cell Films Market by Type
9.2.5.6.2 Rest of Europe Solar Cell Films Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Solar Cell Films Market Overview
9.3.2 Asia-Pacific Solar Cell Films Market Forecasts and Analysis
9.3.3 Asia-Pacific Solar Cell Films Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Solar Cell Films Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Solar Cell Films Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Solar Cell Films Market
9.3.5.1.1 Australia Solar Cell Films Market by Type
9.3.5.1.2 Australia Solar Cell Films Market by End User
9.3.5.2 China Solar Cell Films Market
9.3.5.2.1 China Solar Cell Films Market by Type
9.3.5.2.2 China Solar Cell Films Market by End User
9.3.5.3 India Solar Cell Films Market
9.3.5.3.1 India Solar Cell Films Market by Type
9.3.5.3.2 India Solar Cell Films Market by End User
9.3.5.4 Japan Solar Cell Films Market
9.3.5.4.1 Japan Solar Cell Films Market by Type
9.3.5.4.2 Japan Solar Cell Films Market by End User
9.3.5.5 South Korea Solar Cell Films Market
9.3.5.5.1 South Korea Solar Cell Films Market by Type
9.3.5.5.2 South Korea Solar Cell Films Market by End User
9.3.5.6 Rest of Asia-Pacific Solar Cell Films Market
9.3.5.6.1 Rest of Asia-Pacific Solar Cell Films Market by Type
9.3.5.6.2 Rest of Asia-Pacific Solar Cell Films Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Solar Cell Films Market Overview
9.4.2 Middle East and Africa Solar Cell Films Market Forecasts and Analysis
9.4.3 Middle East and Africa Solar Cell Films Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Solar Cell Films Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Solar Cell Films Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Solar Cell Films Market
9.4.5.1.1 South Africa Solar Cell Films Market by Type
9.4.5.1.2 South Africa Solar Cell Films Market by End User
9.4.5.2 Saudi Arabia Solar Cell Films Market
9.4.5.2.1 Saudi Arabia Solar Cell Films Market by Type
9.4.5.2.2 Saudi Arabia Solar Cell Films Market by End User
9.4.5.3 U.A.E Solar Cell Films Market
9.4.5.3.1 U.A.E Solar Cell Films Market by Type
9.4.5.3.2 U.A.E Solar Cell Films Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Solar Cell Films Market Overview
9.5.2 South and Central America Solar Cell Films Market Forecasts and Analysis
9.5.3 South and Central America Solar Cell Films Market Forecasts and Analysis - By Type
9.5.4 South and Central America Solar Cell Films Market Forecasts and Analysis - By End User
9.5.5 South and Central America Solar Cell Films Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Solar Cell Films Market
9.5.5.1.1 Brazil Solar Cell Films Market by Type
9.5.5.1.2 Brazil Solar Cell Films Market by End User
9.5.5.2 Argentina Solar Cell Films Market
9.5.5.2.1 Argentina Solar Cell Films Market by Type
9.5.5.2.2 Argentina Solar Cell Films Market by End User
9.5.5.3 Rest of South and Central America Solar Cell Films Market
9.5.5.3.1 Rest of South and Central America Solar Cell Films Market by Type
9.5.5.3.2 Rest of South and Central America Solar Cell Films Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SOLAR CELL FILMS MARKET, KEY COMPANY PROFILES
11.1. HELIATEK
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DUNMORE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. 3M
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ADVANCED ENERGY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LUCENT CLEAN ENERGY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. STION CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SOLAR FRONTIER K.K.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. KANEKA CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PRISM SOLAR TECHNOLOGIES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. HANERGY HOLDING GROUP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List Of Companies
- Heliatek
- Dunmore
- 3M
- Advanced Energy
- Lucent Clean Energy
- Stion Corporation
- Solar Frontier K.K.
- Kaneka Corporation
- Prism Solar Technologies
- Hanergy Holding Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.