United States and Japan Lead Global Thin Film Solar Cell Market with Cutting-Edge Technologies, BIPV Solutions, and Strategic Investments in 2025

The Global Thin Film Solar Cell Market is expected to grow at a high CAGR during the forecasting period (2024-2031).

DataM Intelligence has published a new research report on "Thin Film Solar Cell Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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Thin film solar cells are a type of photovoltaic technology that converts sunlight into electricity using layers of semiconductor materials deposited onto substrates like glass, metal, or plastic. These cells are lightweight, flexible, and can be integrated into various surfaces, such as building facades and rooftops. They offer advantages in terms of cost-effectiveness and versatility compared to traditional crystalline silicon panels. Advancements in materials like cadmium telluride (CdTe) and copper indium gallium selenide (CIGS) have further enhanced their efficiency and commercial viability.

Key Players:

First Solar, Global Solar, Inc, Hankey Asia Ltd, Kaneka Corporation, Miasole Hi-Tech Corp, Mitsubishi Electric Us, Inc, Oxford Photovoltaics.

Key Development:

United States: Recent Industry Developments

✅ In July 2025, First Solar announced a partnership with UbiQD to integrate quantum dots into bifacial panels, enhancing energy yield by capturing reflected light. A large-scale quantum dot manufacturing facility is planned in the U.S. by 2026.

✅ In March 2025, Corning collaborated with Suniva and Heliene to produce the first solar panel entirely from American-made components. This initiative aims to strengthen the U.S. solar manufacturing sector and reduce reliance on foreign supply chains.

✅ In July 2025, Mitsubishi Chemical Group successfully piloted organic thin-film photovoltaic modules integrated into building materials, paving the way for large-scale building-integrated photovoltaics (BIPV).

Japan: Recent Industry Developments

✅ In February 2025, Japan announced a $1.5 billion investment in ultra-thin, flexible perovskite solar cells, aiming to generate energy equivalent to 20 nuclear power plants by 2040. Sekisui Chemical is leading this initiative with state subsidies supporting the development of sealing resins and production scaling.

✅ In August 2025, Japanese researchers introduced ultra-flexible thin-film solar cells designed for integration into electric vehicles and smart wearables, marking a significant advancement in portable solar technology.

✅ In September 2025, Sekisui Chemical announced plans to commence the commercialization of lightweight, flexible perovskite solar panels, with initial deployments expected in urban environments such as Osaka and Tokyo.

Growth Forecast Projected:

The Global Thin Film Solar Cell Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Thin Film Solar Cell Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Component (CadmiumTelluride(CDTE), Amorphous Silicon (A-Si), Copper Indium Gallium Diselenide, Others)

By Installation (On-Grid, Off-Grid)

By Application (Residential, Commercial, Utility)

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Thin Film Solar Cell producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Thin Film Solar Cell revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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