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.
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