Next-Generation Solar Cell Market Report: Trends, Forecast and Competitive Analysis to 2030

Next-Generation Solar Cell Market Report: Trends, Forecast and Competitive Analysis to 2030

Next-Generation Solar Cell Trends and Forecast

The future of the global next-generation solar cell market looks promising with opportunities in the residential, commercial, and utility markets. The global next-generation solar cell market is expected to reach an estimated $7.9 billion by 2030 with a CAGR of 15.7% from 2024 to 2030. The major drivers for this market are increasing demand for renewable energy and growing need to reduce carbon emissions.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Next-Generation Solar Cell by Segment

The study includes a forecast for the global next-generation solar cell by material, installation, end use, and region.

Next-Generation Solar Cell Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Cadmium Telluride (CdTe)
• Copper Indium Gallium Selenide (CIGS)
• Amorphous Silicon
• Gallium-Arsenide
• Others

Next-Generation Solar Cell Market by Installation [Shipment Analysis by Value from 2018 to 2030]:

• On-Grid
• Off-Grid

Next-Generation Solar Cell Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Residential
• Commercial
• Utility

Next-Generation Solar Cell Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Next-Generation Solar Cell Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies next-generation solar cell companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the next-generation solar cell companies profiled in this report include-

• First Solar
• Hanwha Q Cells
• Ascent Solar Technologies
• Oxford PV
• Kaneka Solar Energy
• Flisom
• Solactron
• Mitsubishi Chemical Group
• Miasole
• Hanergy Thin Film Power Group

Next-Generation Solar Cell Market Insights

Lucintel forecasts that cadmium telluride is expected to witness highest growth over the forecast period due to its significant usage in the utility-scale solar industry and large-scale solar power plants given to its high efficiency and affordability.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Next-Generation Solar Cell Market

Market Size Estimates: Next-generation solar cell market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Next-generation solar cell market size by material, installation, end use, and region in terms of value ($B).

Regional Analysis: Next-generation solar cell market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different materials, installations, end uses, and regions for the next-generation solar cell market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the next-generation solar cell market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the next-generation solar cell market size?

Answer: The global next-generation solar cell market is expected to reach an estimated $7.9 billion by 2030.

Q.2 What is the growth forecast for next-generation solar cell market?

Answer: The global next-generation solar cell market is expected to grow with a CAGR of 15.7% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the next-generation solar cell market?

Answer: The major drivers for this market are increasing demand for renewable energy and growing need to reduce carbon emissions.

Q4. What are the major segments for next-generation solar cell market?

Answer: The future of the next-generation solar cell market looks promising with opportunities in the residential, commercial, and utility markets.

Q5. Who are the key next-generation solar cell market companies?

Answer: Some of the key next-generation solar cell companies are as follows:

• First Solar
• Hanwha Q Cells
• Ascent Solar Technologies
• Oxford PV
• Kaneka Solar Energy
• Flisom
• Solactron
• Mitsubishi Chemical Group
• Miasole
• Hanergy Thin Film Power Group

Q6. Which next-generation solar cell market segment will be the largest in future?

Answer: Lucintel forecasts that cadmium telluride is expected to witness highest growth over the forecast period due to its significant usage in the utility-scale solar industry and large-scale solar power plants given to its high efficiency and affordability.

Q7. In next-generation solar cell market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the next-generation solar cell market by material (cadmium telluride (CdTe), copper indium gallium selenide (CIGS), amorphous silicon, gallium-arsenide, and others), installation (on-grid and off-grid), end use (residential, commercial, and utility), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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