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Copper Indium Gallium Selenide (CIGS) Solar Cell Market Share Strengthened by Rising Adoption in Energy and Electronics | Valuates Reports
Copper Indium Gallium Selenide Solar(CIGS) Cell Market SizeCell was valued at US$ 2929 million in the year 2024 and is projected to reach a revised size of US$ 3714 million by 2031, growing at a CAGR of 3.5% during the forecast period.
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The copper indium gallium selenide (CIGS) solar cell market is gaining momentum, supported by increasing demand for lightweight, flexible, and highly efficient solar solutions. Market trends highlight the growing role of CIGS cells in sustainable energy generation, portable electronics, and next-generation automotive applications. With global initiatives focused on renewable energy expansion and carbon reduction, the overall market size is witnessing consistent market growth.
By type, CIGS cells in the 2-3 micrometre range hold the largest market share, offering an optimal balance between efficiency, cost, and material usage. The 1-2 micrometre segment is experiencing rapid market growth, driven by advances in thin-film manufacturing that enable high-performance, lightweight applications. CIGS cells in the 3-4 micrometre range and other specialized thicknesses also contribute to the diversity of the market, supporting niche applications in both energy and industrial sectors.
In terms of application, the energy and power sector dominates the market share, as utilities and large-scale solar projects increasingly adopt CIGS technology for renewable energy generation. Electronics and electrical applications are recording strong market growth, fueled by the integration of CIGS cells into portable devices and consumer products. Automotive use is also rising, with manufacturers exploring CIGS solar integration in electric vehicles, while other applications continue to expand the technology's footprint.
Looking forward, the copper indium gallium selenide solar cell market forecast points to robust expansion, driven by improvements in conversion efficiency, reductions in production costs, and broader adoption across multiple industries. With research efforts advancing scalable thin-film technology and governments supporting renewable infrastructure, the market outlook suggests sustained market growth and increasing market share for CIGS solar cell manufacturers.
by Type
• 1-2 Micrometres
• 2-3 Micrometres
• 3-4 Micrometres
• Others
by Application
• Automobiles
• Electronics and Electrical
• Energy and Power
• Others
By Company
Oxford PV, Ascent Solar Technologies, Inc., Tata Power Solar Systems Limited, Manz AG, Jinko Solar Co., Ltd., Hanergy, Bosch Solar Energy AG, Sulfurcell Solartechnik GmbH, Frontier Solar Inc, SoloPower Systems, Inc., AVANCIS GmbH.
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