Thin-film solar cells Market Future and Forecast 2027 | First Solar Inc., SolarPower Systems Inc., Kaneka Corporation, Solar Frontier K.K

Overview-

Thin-film solar cells refer to solar cells that use a much thinner level of photovoltaic material than mono-crystalline or multi-crystalline solar cells. They 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. These cells are ideal for a variety of applications, owing to their non-penetrating peel and flexibility and are widely employed for residential, commercial, and utility purposes. The global thin-film solar cell market was valued at US$11,321 million in 2016 and is expected to reach US$39,412 million by 2023

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Drivers-

Factors, such as low PV module prices and continuous technological advancements for improving the efficiency of thin-film solar cells, are the major factor driving the growth of thin-film solar cells market. In addition, the rise in awareness regarding green energy is again contributing to the growth of this market. According to International Renewable Energy Agency (IRENA), in 2017, the solar panel installed capacity accounted for 93.7 GW when compared to 73.4 GW in 2016 across the globe.
Restraints-
High initial manufacturing cost and technological complexity associated with the use of thin-film solar cells restrict the growth of this market

Regional Insights-

Asia-Pacific is expected to dominate the Thin-film solar cells Market. This is due to the increasing deployment of solar PV modules in utility-scale, commercial, and residential applications. According to International Energy Agency, China is one of the largest solar PV markets in the world, accounting for about 50% of global solar power demand in 2018. Thin-film solar PVs are majorly being used in utility-scale projects in China. This leads to growth of the Thin-film solar cells Market in this region.

Competitive Section-

Some of the major companies include First Solar Inc., SolarPower Systems Inc., Kaneka Corporation, Solar Frontier K.K., and NanoPV Solar Inc.
In October 2020, First Solar, Inc designed and manufactured Series 6 photovoltaic (PV) module, the PV product to be included in the launch of the EPEAT Photovoltaic and Inverters product category.

In July 2020, First Solar Inc announced that Goldman Sachs Renewable Power LLC (GSRP), a private company managed by the Renewable Power Group of Goldman Sachs Asset Management (GSAM), acquired the 123-megawatt (MW) AC American Kings Solar project in California.

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Key questions answered in the report include :

*What will the market size and the growth rate be in 2027?
*What are the key factors driving the global Thin-film solar cells
market?
*What are the key market trends impacting the growth of the Thin-film solar cells market?
*What are the challenges to market growth?
*Who are the key vendors in this market space?
*What are the market opportunities and threats faced by the vendors in the global Thin-film solar cells market?
*Trending factors influencing the market shares of the Americas, APAC, and EMEA?
*What are the key outcomes of the five forces analysis of the Thin-film solar cells market?

Reasons To Buy:

- Extensive price charts draw particular pricing trends within recent years
- Position yourself to realize the most advantage of the Thin-film solar cells market’s growth potential
- To understand the latest trends of the Thin-film solar cells market
- To understand the impactful developments of key players within the market, their strategic initiatives and comprehensively study their core competencies

Overview of Global Thin-film solar cells Market

• Thin-film solar cells (Sales Volume) Comparison by Type (2020-2027)
• Thin-film solar cells (Consumption) and Market Share Comparison by Application (2020-2027)
• Thin-film solar cells (Value) Comparison by Region (2020-2027)
• Thin-film solar cells Sales, Revenue and Growth Rate (2020-2027)
• Thin-film solar cells Competitive Situation and Trends
• Analyze competitors, including all important parameters of Thin-film solar cells
• Global Thin-film solar cells Manufacturing Cost Analysis
• Marketing Strategy Analysis, Research Conclusions

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