Thin Film Photovoltaic Cell Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Thin-film photovoltaic cell is the new generation photovoltaic cell that contains multiple thin-film layers of photo voltaic materials. Thin-film photovoltaic cell is also known as thin-film photovoltaic cell. The thicknesses of thin-film layers are very less (few nano meters often 20 times thinner than c-Si wafers) compared to traditional P-N junction photovoltaic cells. According to the type of photovoltaic material used, the thin-film photovoltaic cells are classified into four types, which include amorphous silicon (a-Si) & other thin-film silicon (TF-Si), cadmium telluride (CdTe), copper indium gallium deselenide (CIS or CIGS), and dye-sensitized photovoltaic cell (DSC) & other organic photovoltaic cells. In addition, the thin-film solar panel is made of thin-films of semiconductors deposited on glass, plastic, or metal. This makes thin-film solar panels flexible and lightweight. In addition, the thin-film cells are always encased in plastic, so that the product could be flexible enough to mold to a roof's shape and when glass is used, thin-film panels are more rigid & heavier.
MARKET DYNAMICS
Urbanization led to increase in demand for solar panel and growing energy demand across the globe coupled with strict government norms to opt for technologies with low carbon footprint are driving the growth of the thin film photovoltaic cell market. However, complicated configuration of several materials along with the low output of some panels as compared to other alternatives may restrain the growth of the thin film photovoltaic cell market. Furthermore, surge in growth for solar lights on road divider and streets are anticipated to create a market opportunity for the thin film photovoltaic cell market during the forecast period.
MARKET SCOPE
The "Global Thin Film Photovoltaic Cell Market Analysis To 2031" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The thin film photovoltaic cell market report aims to provide an overview of the thin film photovoltaic cell market with detailed market segmentation by type, technology, application, and geography. The global thin film photovoltaic cell market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading thin film photovoltaic cell market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global thin film photovoltaic cell market is segmented on the basis of type, technology, and application. Based on type, the thin film photovoltaic cell market is bifurcated into: cadmium telluride, amorphous thin-film silicon, copper indium gallium selenide, microcrystalline tandem cells, thin-film polycrystalline silicon, and others. On the basis of technology, the thin film photovoltaic cell market is bifurcated into: on-grid and off-grid. Based on application, the thin film photovoltaic cell market is bifurcated into: residential, commercial, and utility.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global thin film photovoltaic cell market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The thin film photovoltaic cell market by each region is later sub-segmented by respective countries and segments. The thin film photovoltaic cell market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the thin film photovoltaic cell market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the thin film photovoltaic cell market in these regions.
IMPACT OF COVID-19 ON THIN FILM PHOTOVOLTAIC CELL MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic had a negative impact on the thin film photovoltaic cell market. The manufacturing of thin-film photovoltaic cell was halted for a specific period due to high peak of COVID-19 situation, which significantly impacted the sales of thin-film photovoltaic cell. Sales of thin-film photovoltaic cell are directly proportional to the demand for solar panels. Solar projects have been negatively impacted amid the lockdown imposed due to the COVID-19 outbreak and recorded a huge decline in sales of thin-film photovoltaic cell. COVID-19 impacted almost all industries by hindering various industrial operations and disrupting the supply chain. Maximum companies halted their operation due to less workforce. However, there is a sluggish decline in the global thin-film photovoltaic cell market due to impact of COVID-19. Furthermore, import and export activities were significantly impacted, which, in turn, adversely affected the industries using thin-film photovoltaic cell, thereby affecting the global thin-film photovoltaic cell market. According to the UNIDO (United Nations Industrial Development Organization), 30.0%-70.0% of pre-COVID-19 workforce of various industries, such as chemical, petrochemical, oil & gas, HVACR, food & beverage, power generation, and other third-party vendors migrated to their hometowns, due to uncertainties and loss of income during the lockdown. This unavailability of workforce is expected to directly affect the production and manufacturing activities, thereby resulting reduced demand for raw materials used in thin-film photovoltaic cell. This is expected to decline the growth of the market during the forecast period. Construction plays a vital role in the development of solar industry. The COVID-19 pandemic severely impacted integrated construction industry across the globe. Factors include disruption due to migration of workers and unavailability of material. However, decrease in construction activity neagtively impacted thin-film photovoltaic cell market.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global thin film photovoltaic cell market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The thin film photovoltaic cell market by each region is later sub-segmented by respective countries and segments. The thin film photovoltaic cell market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the thin film photovoltaic cell market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the thin film photovoltaic cell market in these regions.
IMPACT OF COVID-19 ON THIN FILM PHOTOVOLTAIC CELL MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic had a negative impact on the thin film photovoltaic cell market. The manufacturing of thin-film photovoltaic cell was halted for a specific period due to high peak of COVID-19 situation, which significantly impacted the sales of thin-film photovoltaic cell. Sales of thin-film photovoltaic cell are directly proportional to the demand for solar panels. Solar projects have been negatively impacted amid the lockdown imposed due to the COVID-19 outbreak and recorded a huge decline in sales of thin-film photovoltaic cell. COVID-19 impacted almost all industries by hindering various industrial operations and disrupting the supply chain. Maximum companies halted their operation due to less workforce. However, there is a sluggish decline in the global thin-film photovoltaic cell market due to impact of COVID-19. Furthermore, import and export activities were significantly impacted, which, in turn, adversely affected the industries using thin-film photovoltaic cell, thereby affecting the global thin-film photovoltaic cell market. According to the UNIDO (United Nations Industrial Development Organization), 30.0%-70.0% of pre-COVID-19 workforce of various industries, such as chemical, petrochemical, oil & gas, HVACR, food & beverage, power generation, and other third-party vendors migrated to their hometowns, due to uncertainties and loss of income during the lockdown. This unavailability of workforce is expected to directly affect the production and manufacturing activities, thereby resulting reduced demand for raw materials used in thin-film photovoltaic cell. This is expected to decline the growth of the market during the forecast period. Construction plays a vital role in the development of solar industry. The COVID-19 pandemic severely impacted integrated construction industry across the globe. Factors include disruption due to migration of workers and unavailability of material. However, decrease in construction activity neagtively impacted thin-film photovoltaic cell market.
MARKET PLAYERS
The reports cover key developments in the thin film photovoltaic cell 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 the expansion of business and customer base of market players. The market players from thin film photovoltaic cell market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the thin film photovoltaic cell market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the thin film photovoltaic cell market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ascent Solar Technologies
- Filsom AG
- First Solar
- Hanergy mobile energy
- Kaneka corporation
- Miasole
- Mitsubishi Heavy Industries
- Shunfeng International Clean Energy
- SUNQ
- Trony Solar
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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 Thin Film Photovoltaic Cell Market - By Type
1.3.2 Thin Film Photovoltaic Cell Market - By Technology
1.3.3 Thin Film Photovoltaic Cell Market - By Application
1.3.4 Thin Film Photovoltaic Cell Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. THIN FILM PHOTOVOLTAIC CELL 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. THIN FILM PHOTOVOLTAIC CELL 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. THIN FILM PHOTOVOLTAIC CELL MARKET - GLOBAL MARKET ANALYSIS
6.1. THIN FILM PHOTOVOLTAIC CELL - GLOBAL MARKET OVERVIEW
6.2. THIN FILM PHOTOVOLTAIC CELL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. THIN FILM PHOTOVOLTAIC CELL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CADMIUM TELLURIDE
7.3.1. Overview
7.3.2. Cadmium Telluride Market Forecast and Analysis
7.4. AMORPHOUS THIN-FILM SILICON
7.4.1. Overview
7.4.2. Amorphous Thin-film Silicon 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
7.6. MICROCRYSTALLINE TANDEM CELLS
7.6.1. Overview
7.6.2. Microcrystalline Tandem Cells Market Forecast and Analysis
7.7. THIN-FILM POLYCRYSTALLINE SILICON
7.7.1. Overview
7.7.2. Thin-film Polycrystalline Silicon Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. THIN FILM PHOTOVOLTAIC CELL MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. ON-GRID
8.3.1. Overview
8.3.2. On-grid Market Forecast and Analysis
8.4. OFF-GRID
8.4.1. Overview
8.4.2. Off-grid Market Forecast and Analysis
9. THIN FILM PHOTOVOLTAIC CELL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. RESIDENTIAL
9.3.1. Overview
9.3.2. Residential Market Forecast and Analysis
9.4. COMMERCIAL
9.4.1. Overview
9.4.2. Commercial Market Forecast and Analysis
9.5. UTILITY
9.5.1. Overview
9.5.2. Utility Market Forecast and Analysis
10. THIN FILM PHOTOVOLTAIC CELL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Thin Film Photovoltaic Cell Market Overview
10.1.2 North America Thin Film Photovoltaic Cell Market Forecasts and Analysis
10.1.3 North America Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Type
10.1.4 North America Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Technology
10.1.5 North America Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Application
10.1.6 North America Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Countries
10.1.6.1 United States Thin Film Photovoltaic Cell Market
10.1.6.1.1 United States Thin Film Photovoltaic Cell Market by Type
10.1.6.1.2 United States Thin Film Photovoltaic Cell Market by Technology
10.1.6.1.3 United States Thin Film Photovoltaic Cell Market by Application
10.1.6.2 Canada Thin Film Photovoltaic Cell Market
10.1.6.2.1 Canada Thin Film Photovoltaic Cell Market by Type
10.1.6.2.2 Canada Thin Film Photovoltaic Cell Market by Technology
10.1.6.2.3 Canada Thin Film Photovoltaic Cell Market by Application
10.1.6.3 Mexico Thin Film Photovoltaic Cell Market
10.1.6.3.1 Mexico Thin Film Photovoltaic Cell Market by Type
10.1.6.3.2 Mexico Thin Film Photovoltaic Cell Market by Technology
10.1.6.3.3 Mexico Thin Film Photovoltaic Cell Market by Application
10.2. EUROPE
10.2.1 Europe Thin Film Photovoltaic Cell Market Overview
10.2.2 Europe Thin Film Photovoltaic Cell Market Forecasts and Analysis
10.2.3 Europe Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Type
10.2.4 Europe Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Technology
10.2.5 Europe Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Application
10.2.6 Europe Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Thin Film Photovoltaic Cell Market
10.2.6.1.1 Germany Thin Film Photovoltaic Cell Market by Type
10.2.6.1.2 Germany Thin Film Photovoltaic Cell Market by Technology
10.2.6.1.3 Germany Thin Film Photovoltaic Cell Market by Application
10.2.6.2 France Thin Film Photovoltaic Cell Market
10.2.6.2.1 France Thin Film Photovoltaic Cell Market by Type
10.2.6.2.2 France Thin Film Photovoltaic Cell Market by Technology
10.2.6.2.3 France Thin Film Photovoltaic Cell Market by Application
10.2.6.3 Italy Thin Film Photovoltaic Cell Market
10.2.6.3.1 Italy Thin Film Photovoltaic Cell Market by Type
10.2.6.3.2 Italy Thin Film Photovoltaic Cell Market by Technology
10.2.6.3.3 Italy Thin Film Photovoltaic Cell Market by Application
10.2.6.4 United Kingdom Thin Film Photovoltaic Cell Market
10.2.6.4.1 United Kingdom Thin Film Photovoltaic Cell Market by Type
10.2.6.4.2 United Kingdom Thin Film Photovoltaic Cell Market by Technology
10.2.6.4.3 United Kingdom Thin Film Photovoltaic Cell Market by Application
10.2.6.5 Russia Thin Film Photovoltaic Cell Market
10.2.6.5.1 Russia Thin Film Photovoltaic Cell Market by Type
10.2.6.5.2 Russia Thin Film Photovoltaic Cell Market by Technology
10.2.6.5.3 Russia Thin Film Photovoltaic Cell Market by Application
10.2.6.6 Rest of Europe Thin Film Photovoltaic Cell Market
10.2.6.6.1 Rest of Europe Thin Film Photovoltaic Cell Market by Type
10.2.6.6.2 Rest of Europe Thin Film Photovoltaic Cell Market by Technology
10.2.6.6.3 Rest of Europe Thin Film Photovoltaic Cell Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Thin Film Photovoltaic Cell Market Overview
10.3.2 Asia-Pacific Thin Film Photovoltaic Cell Market Forecasts and Analysis
10.3.3 Asia-Pacific Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Technology
10.3.5 Asia-Pacific Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Thin Film Photovoltaic Cell Market
10.3.6.1.1 Australia Thin Film Photovoltaic Cell Market by Type
10.3.6.1.2 Australia Thin Film Photovoltaic Cell Market by Technology
10.3.6.1.3 Australia Thin Film Photovoltaic Cell Market by Application
10.3.6.2 China Thin Film Photovoltaic Cell Market
10.3.6.2.1 China Thin Film Photovoltaic Cell Market by Type
10.3.6.2.2 China Thin Film Photovoltaic Cell Market by Technology
10.3.6.2.3 China Thin Film Photovoltaic Cell Market by Application
10.3.6.3 India Thin Film Photovoltaic Cell Market
10.3.6.3.1 India Thin Film Photovoltaic Cell Market by Type
10.3.6.3.2 India Thin Film Photovoltaic Cell Market by Technology
10.3.6.3.3 India Thin Film Photovoltaic Cell Market by Application
10.3.6.4 Japan Thin Film Photovoltaic Cell Market
10.3.6.4.1 Japan Thin Film Photovoltaic Cell Market by Type
10.3.6.4.2 Japan Thin Film Photovoltaic Cell Market by Technology
10.3.6.4.3 Japan Thin Film Photovoltaic Cell Market by Application
10.3.6.5 South Korea Thin Film Photovoltaic Cell Market
10.3.6.5.1 South Korea Thin Film Photovoltaic Cell Market by Type
10.3.6.5.2 South Korea Thin Film Photovoltaic Cell Market by Technology
10.3.6.5.3 South Korea Thin Film Photovoltaic Cell Market by Application
10.3.6.6 Rest of Asia-Pacific Thin Film Photovoltaic Cell Market
10.3.6.6.1 Rest of Asia-Pacific Thin Film Photovoltaic Cell Market by Type
10.3.6.6.2 Rest of Asia-Pacific Thin Film Photovoltaic Cell Market by Technology
10.3.6.6.3 Rest of Asia-Pacific Thin Film Photovoltaic Cell Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Thin Film Photovoltaic Cell Market Overview
10.4.2 Middle East and Africa Thin Film Photovoltaic Cell Market Forecasts and Analysis
10.4.3 Middle East and Africa Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Technology
10.4.5 Middle East and Africa Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Thin Film Photovoltaic Cell Market
10.4.6.1.1 South Africa Thin Film Photovoltaic Cell Market by Type
10.4.6.1.2 South Africa Thin Film Photovoltaic Cell Market by Technology
10.4.6.1.3 South Africa Thin Film Photovoltaic Cell Market by Application
10.4.6.2 Saudi Arabia Thin Film Photovoltaic Cell Market
10.4.6.2.1 Saudi Arabia Thin Film Photovoltaic Cell Market by Type
10.4.6.2.2 Saudi Arabia Thin Film Photovoltaic Cell Market by Technology
10.4.6.2.3 Saudi Arabia Thin Film Photovoltaic Cell Market by Application
10.4.6.3 U.A.E Thin Film Photovoltaic Cell Market
10.4.6.3.1 U.A.E Thin Film Photovoltaic Cell Market by Type
10.4.6.3.2 U.A.E Thin Film Photovoltaic Cell Market by Technology
10.4.6.3.3 U.A.E Thin Film Photovoltaic Cell Market by Application
10.4.6.4 Rest of Middle East and Africa Thin Film Photovoltaic Cell Market
10.4.6.4.1 Rest of Middle East and Africa Thin Film Photovoltaic Cell Market by Type
10.4.6.4.2 Rest of Middle East and Africa Thin Film Photovoltaic Cell Market by Technology
10.4.6.4.3 Rest of Middle East and Africa Thin Film Photovoltaic Cell Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Thin Film Photovoltaic Cell Market Overview
10.5.2 South and Central America Thin Film Photovoltaic Cell Market Forecasts and Analysis
10.5.3 South and Central America Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Type
10.5.4 South and Central America Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Technology
10.5.5 South and Central America Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Application
10.5.6 South and Central America Thin Film Photovoltaic Cell Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Thin Film Photovoltaic Cell Market
10.5.6.1.1 Brazil Thin Film Photovoltaic Cell Market by Type
10.5.6.1.2 Brazil Thin Film Photovoltaic Cell Market by Technology
10.5.6.1.3 Brazil Thin Film Photovoltaic Cell Market by Application
10.5.6.2 Argentina Thin Film Photovoltaic Cell Market
10.5.6.2.1 Argentina Thin Film Photovoltaic Cell Market by Type
10.5.6.2.2 Argentina Thin Film Photovoltaic Cell Market by Technology
10.5.6.2.3 Argentina Thin Film Photovoltaic Cell Market by Application
10.5.6.3 Rest of South and Central America Thin Film Photovoltaic Cell Market
10.5.6.3.1 Rest of South and Central America Thin Film Photovoltaic Cell Market by Type
10.5.6.3.2 Rest of South and Central America Thin Film Photovoltaic Cell Market by Technology
10.5.6.3.3 Rest of South and Central America Thin Film Photovoltaic Cell Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. THIN FILM PHOTOVOLTAIC CELL MARKET, KEY COMPANY PROFILES
12.1. ASCENT SOLAR TECHNOLOGIES
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. FILSOM AG
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. FIRST SOLAR
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. HANERGY MOBILE ENERGY
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. KANEKA CORPORATION
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MIASOLE
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MITSUBISHI HEAVY INDUSTRIES
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SHUNFENG INTERNATIONAL CLEAN ENERGY
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SUNQ
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TRONY SOLAR
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
- Ascent Solar Technologies
- Filsom AG
- First Solar
- Hanergy mobile energy
- Kaneka corporation
- Miasole
- Mitsubishi Heavy Industries
- Shunfeng International Clean Energy
- SUNQ
- Trony Solar
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.
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