Thin Film Solar Cell Market Size

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

The global thin film solar cell market has entered a new phase with its large-scale residential and industrial applications. In an emissions-constrained energy economy, energy-efficient, environmentally friendly, and high-volume solar cell or photovoltaic (PV) manufacturing plays a central role. This emerging sustainability and affordability paradigm is anticipated to open up new market opportunities for solar deployment. Furthermore, the inherent advantages and the continuous innovations in Copper indium gallium selenide (CIGS) thin film PV are positioned to replace traditional silicon solar cells over the next few years. A 2023 report by the Center for Climate and Energy Solutions estimated that renewables held about 29% of global energy generation in 2020 and will increase manifold during the forecast period.