Thin Film Solar Cell Market - Top Companies and Manufacturers

  • Report ID: 6356
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Companies Dominating the Thin Film Solar Cell Landscape

    The most profitable PV producers are presently prevalent in the U.S. and Southeast Asia. China is a world leader in PV and electronics manufacturing and has a strong presence in the thin film solar cell market. All thin film solar cell technologies share similar intrinsic advantages in fully integrated production facilities once economies of There is cost competitiveness with c-Si PV at the megawatt scale in various aspects of the c-Si value chain such as polysilicon, wafer, cell, ingot, and module. CIGS has emerged as a potential area of investment with high ROI, in terms of both opex and capex. Furthermore, technologies such as CIGS cdTe are well suited to manufacturing with automation and Industry 4.0 approaches.

    • Jinko Solar Co.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Hanwha Qcells GmbH
    • Alps Technology Inc.
    • GreenBrilliance Renewable Energy LLP
    • Hevel Energy Group
    • Indosolar Limited 
    • Sharp Corporation
    • Suniva Inc.
    • Tata Power Solar Systems Ltd.
    • Panasonic Corporation

Browse Key Market Insights with Data Illustration:

In the News

  • In August 2022, Hanwha Qcells GmbH acquired about 66% of Hanover-based LYNQTECH GmbH. The goal of the Hanwha Q Cells acquisition was to strengthen its position as a comprehensive supplier of clean energy solutions for end users, both residential and commercial.
  • In May 2022, Jinko Solar Co. signed a distribution agreement with Aldo Solar, as it will receive the newest N-Type ultra-efficiency photovoltaic Tiger Neo modules from Jinko Solar, the leading provider of solar energy products in the country with a market share of over 30% in the Distributed Generation category.

Author Credits:  Dhruv Bhatia


  • Report ID: 6356
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of insulation is assessed at USD 15.23 billion.

The thin film solar cell market size was valued at USD 14.29 billion in 2024 and is expected to reach USD 39.81 billion by 2037, expanding at around 8.2% CAGR during the forecast period i.e., between 2025-2037. Dominance of CIGS technology and its contribution to CO2 reduction will drive the market growth.

Asia Pacific industry is predicted to hold largest revenue share of 46% by 2037, on account of the increasing demand for solar cells in various industries such as defense and aerospace in this region.

The major players in the market are Hanwha Qcells GmbH, Alps Technology Inc., GreenBrilliance Renewable Energy LLP, Hevel Energy Group, Indosolar Limited, Sharp Corporation, Suniva Inc., Tata Power Solar Systems Ltd., Panasonic Corporation, and others.
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