Global CIGS Thin Film Solar Cell Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global CIGS Thin Film Solar Cell Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global CIGS Thin Film Solar Cell market size was valued at USD 3803.8 million in 2023 and is forecast to a readjusted size of USD 4667.6 million by 2030 with a CAGR of 3.0% during review period.

CIGS Thin Film Solar Cell refers to a type of photovoltaic cell that utilizes a thin film of copper indium gallium selenide (CIGS) semiconductor material to convert sunlight into electricity. CIGS is a compound that has excellent light absorption properties, allowing for efficient energy conversion. The thin film solar cells are created by depositing thin layers of CIGS material onto a substrate such as glass or flexible material. CIGS Thin Film Solar Cells offer advantages like high efficiency, potential for flexible and lightweight designs, and lower manufacturing costs compared to traditional silicon-based solar cells.

It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.239 GW.

The Global Info Research report includes an overview of the development of the CIGS Thin Film Solar Cell industry chain, the market status of Residential (Copper Indium Gallium Selenide (CIGS) Solar Cells, Copper Indium Selenide (CIS) Solar Cell), Commercial (Copper Indium Gallium Selenide (CIGS) Solar Cells, Copper Indium Selenide (CIS) Solar Cell), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of CIGS Thin Film Solar Cell.

Regionally, the report analyzes the CIGS Thin Film Solar Cell markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global CIGS Thin Film Solar Cell market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the CIGS Thin Film Solar Cell market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the CIGS Thin Film Solar Cell industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (GWh), revenue generated, and market share of different by Type (e.g., Copper Indium Gallium Selenide (CIGS) Solar Cells, Copper Indium Selenide (CIS) Solar Cell).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the CIGS Thin Film Solar Cell market.

Regional Analysis: The report involves examining the CIGS Thin Film Solar Cell market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the CIGS Thin Film Solar Cell market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to CIGS Thin Film Solar Cell:

Company Analysis: Report covers individual CIGS Thin Film Solar Cell manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards CIGS Thin Film Solar Cell This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Residential, Commercial).

Technology Analysis: Report covers specific technologies relevant to CIGS Thin Film Solar Cell. It assesses the current state, advancements, and potential future developments in CIGS Thin Film Solar Cell areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the CIGS Thin Film Solar Cell market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

CIGS Thin Film Solar Cell market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Copper Indium Gallium Selenide (CIGS) Solar Cells
Copper Indium Selenide (CIS) Solar Cell

Market segment by Application
Residential
Commercial
Ground Station
Others

Major players covered
Solar Frontier
SoloPower
Avancis
Siva Power
Hanergy
Solibro (Hanergy)
Miasole
Global Solar
Flisom

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe CIGS Thin Film Solar Cell product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of CIGS Thin Film Solar Cell, with price, sales, revenue and global market share of CIGS Thin Film Solar Cell from 2019 to 2024.

Chapter 3, the CIGS Thin Film Solar Cell competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the CIGS Thin Film Solar Cell breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and CIGS Thin Film Solar Cell market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of CIGS Thin Film Solar Cell.

Chapter 14 and 15, to describe CIGS Thin Film Solar Cell sales channel, distributors, customers, research findings and conclusion.