Press release
Global CdTe Thin Film Solar Cell Market Projected to Reach 11900 Million US$ by 2025, at a CAGR of 18.4%
In terms of production side, this report researches the CdTe Thin Film Solar Cell capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of CdTe Thin Film Solar Cell by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
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Thin film solar cells refer to the fact that these types of solar cells use a much thinner level of photovoltaic material than mono-crystalline or multi-crystalline solar cells. The thin-film solar cells are made by depositing one or more thin layers, or thin film (TF) of photovoltaic material on a substrate, such as glass, plastic or metal. Thin-film solar cells are commercially used in several technologies, including cadmium telluride (CdTe), copper indium gallium diselenide (CIGS), and amorphous thin-film silicon (a-Si, TF-Si).
Currently, the CdTe Thin Film Solar Cell market was dominated by First Solar, which holds over 95% global shipments of this type of thin film solar cell. Over the past years, there are dozens of enterprises had tried to enter this market (such as Abound Solar, PrimeStar Solar/GE Energy, Solexant, Canrom Photovoltaics, Bloo Solar and ARENDI SRL), but most of them failed.
Recent years, the sales of CdTe Thin Film Solar Cell industry are largely affected by the world economy. To the technology, the China market has a certain development space, but the popular Inverter in China made CdTe Thin Film Solar Cell market suffers greater pressure.
About the cost, the CdTe Thin Film Solar Cell cost is under 1 $/W, which will help the market development and competition with other technology of solar cell.
Finally, CdTe Thin Film Solar Cell is an oligopoly market; the tech and fund barrier to enter into this market is quite high.
The CdTe Thin Film Solar Cell market was valued at 3070 Million US$ in 2017 and is projected to reach 11900 Million US$ by 2025, at a CAGR of 18.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for CdTe Thin Film Solar Cell.
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This report includes the following manufacturers; we can also add the other companies as you want.
First Solar
Calyxo
Antec Solar Energy AG
Lucintech
Market Segment by Product Type
Rigid CdTe Thin Film Solar Cell
Flexible CdTe Thin Film Solar Cell
Market Segment by Application
Residential Application
Commercial Application
Utility Application
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