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 2028" 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 2018 to 2028 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