Press release
United States Thin Film Solar Cell Market Size, Growth Drivers| North America leads with 30% share | Top Companies - First Solar, Global Solar, Inc, Hankey Asia Ltd
Thin Film Solar Cell Market
As per DataM intelligence research report "The Global Thin Film Solar Cell Market is expected to grow at a high CAGR during the forecasting period (2024-2031)."
The market is driven by renewable energy adoption, decreasing costs, and lightweight, flexible solar solutions. Cadmium telluride (CdTe) and CIGS technologies dominate deployment. Residential, commercial, and utility-scale projects are primary end-users. Government incentives and sustainable energy targets support growth.
Download your exclusive sample report today: (corporate email gets priority access):
https://www.datamintelligence.com/download-sample/thin-film-solar-cell-market?prasad
(Single User Report: USD 4350 & One Year Database Subscription: USD 12K)
Thin Film Solar Cell Market: Competitive Intelligence
First Solar, Global Solar, Inc, Hankey Asia Ltd, Kaneka Corporation, Miasole Hi-Tech Corp, Mitsubishi Electric Us, Inc, Oxford Photovoltaics
The Thin Film Solar Cell Market is being meaningfully strengthened by the combined participation of First Solar, Global Solar, Inc., Hankey Asia Ltd, Kaneka Corporation, Miasolé Hi-Tech Corp, Mitsubishi Electric US, Inc., and Oxford Photovoltaics, as these companies collectively advance cost-efficient, lightweight, and high-performance solar technologies. Their solutions support diversified energy generation across utility-scale projects, building-integrated photovoltaics, and flexible solar applications, addressing land-use constraints and efficiency requirements. By expanding thin film adoption beyond conventional crystalline silicon, these companies contribute to the scalability, resilience, and technological differentiation of the Thin Film Solar Cell Market. This collective momentum supports broader renewable energy deployment aligned with decarbonization and energy transition goals.
The complementary strengths of these companies create strong competitive momentum within the Thin Film Solar Cell Market by combining material innovation, manufacturing scale, and application-specific expertise. First Solar and Mitsubishi Electric US, Inc. bring industrial-scale production, bankability, and long-term performance credibility to large solar installations. Kaneka Corporation, Miasolé Hi-Tech Corp, and Global Solar, Inc. strengthen the market with flexible, lightweight, and specialty thin film technologies suited for rooftops, portable power, and curved surfaces. Oxford Photovoltaics adds next-generation efficiency potential through advanced thin film and tandem cell innovation, while Hankey Asia Ltd supports commercialization and regional market access. Together, this ecosystem accelerates adoption across diverse end-use scenarios and geographic markets.
Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/thin-film-solar-cell-market?prasad
(Single User Report: USD 4350 & One Year Database Subscription: USD 12K)
Fund Raisings
✅ January 2026 - First Solar, Inc. (North America)
First Solar allocated strategic investment to expand its thin film solar cell manufacturing and R&D capabilities. The funding supports high-efficiency modules and sustainable production technologies.
✅ December 2025 - Solar Frontier K.K. (Europe Operations)
Solar Frontier directed growth capital toward scaling thin film solar cell production for commercial and utility-scale projects. The initiative strengthens its presence in Europe's renewable energy market.
✅ November 2025 - Oxford PV Ltd. (Europe)
Oxford PV invested internal capital to advance perovskite-based thin film solar cell technology. The funding focuses on efficiency improvement and integration with existing solar panels.
Product Launches & Partnerships
✅ January 2026 - First Solar, Inc. (North America)
First Solar launched a next-generation thin film solar cell module with improved energy conversion efficiency. The product targets utility-scale and commercial solar installations.
✅ December 2025 - Solar Frontier K.K. (Europe Operations)
Solar Frontier introduced advanced CIS thin film solar panels optimized for European climates. The launch enhances performance in low-light conditions and rooftop applications.
✅ October 2025 - Oxford PV Ltd. (Europe)
Oxford PV unveiled perovskite-silicon tandem thin film solar cells with record conversion efficiencies. The products focus on reducing manufacturing costs and increasing module output.
Mergers & Acquisitions
✅ January 2026 - First Solar, Inc. (North America)
First Solar expanded its thin film solar portfolio through acquisition of a high-efficiency solar cell startup. The move strengthens its R&D capabilities and market competitiveness.
✅ November 2025 - Oxford PV Ltd. (Europe)
Oxford PV acquired a European solar technology firm to accelerate commercialization of perovskite thin film modules. The acquisition supports scale-up and integration with conventional PV systems.
✅ October 2025 - Solar Frontier K.K. (Europe Operations)
Solar Frontier completed a strategic acquisition of a regional solar cell manufacturer. The deal enhances production capacity and strengthens its European market presence.
Segment Covered in the Thin Film Solar Cell Market:
By Component
The market is segmented into cadmium telluride (CdTe) 35%, amorphous silicon (A-Si) 30%, copper indium gallium diselenide (CIGS) 25%, and others 10%, with CdTe dominating due to cost-effectiveness, higher efficiency in large-scale applications, and wide adoption in utility projects. A-Si is growing with lightweight and flexible solar panel applications. CIGS is emerging in high-efficiency and specialty applications. Increasing demand for renewable energy and falling technology costs drive adoption.
By Installation
Installations include on-grid 70% and off-grid 30%, with on-grid dominating due to integration with existing electricity networks and support from government incentive programs. Off-grid installations are growing in remote, rural, and industrial applications where grid connectivity is limited. Solar power adoption, energy independence, and sustainability initiatives support market growth.
By Application
Applications include residential 25%, commercial 30%, and utility 45%, with utility-scale projects dominating due to large-scale deployment, cost efficiency, and government renewable energy targets. Commercial applications are growing with rooftop and industrial energy solutions. Residential adoption is increasing with consumer awareness and incentives. Falling solar panel costs and policy support drive adoption across applications.
Buy Now & Unlock 360° Market Intelligence:
https://www.datamintelligence.com/buy-now-page?report=thin-film-solar-cell-market
(Single User Report: USD 4350 & One Year Database Subscription: USD 12K)
Regional Analysis
North America - 30% Share
North America leads with 30% share due to adoption in the U.S. and Canada. CdTe and A-Si dominate components. On-grid installations are widely used. Utility and commercial applications are primary. Renewable energy policies, tax incentives, and solar farm projects drive market growth.
Europe - 25% Share
Europe holds 25% share driven by adoption in Germany, U.K., France, and Italy. CdTe and CIGS dominate. On-grid installations lead. Utility-scale and commercial applications dominate. Strong renewable energy targets, subsidies, and environmental policies support growth.
Asia Pacific - 30% Share
Asia Pacific accounts for 30% share due to adoption in China, India, Japan, and South Korea. CdTe and CIGS dominate. On-grid installations dominate, though off-grid is growing in remote regions. Utility-scale and commercial applications are key. Government support, industrial solar adoption, and falling module costs drive market expansion.
Latin America - 5% Share
Latin America records 5% share with adoption in Brazil, Mexico, and Chile. CdTe and A-Si dominate. On-grid installations dominate. Utility and commercial projects lead. Renewable energy incentives and solar farm projects support growth.
Middle East & Africa - 10% Share
Middle East & Africa hold 10% share due to adoption in UAE, Saudi Arabia, and South Africa. CdTe and A-Si dominate. On-grid installations are primary. Utility-scale applications dominate, with commercial adoption growing. Solar energy initiatives, government support, and high solar irradiance drive market adoption.
Request for 2 Days FREE Trial Access:
https://www.datamintelligence.com/reports-subscription?prasad
✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release United States Thin Film Solar Cell Market Size, Growth Drivers| North America leads with 30% share | Top Companies - First Solar, Global Solar, Inc, Hankey Asia Ltd here
News-ID: 4373035 • Views: …
More Releases from DataM intelligence 4 Market Research LLP
United States Smart Transportation Market to grow at 10.9% CAGR| North America l …
Leander, Texas and Tokyo, Japan - Feb.02.2026
As per DataM intelligence research report "The Global Smart Transportation Market is expected to grow at a CAGR of 10.9% during the forecast period (2024-2031)."
Growth is fueled by urbanization, traffic congestion, and adoption of IoT-enabled transport systems. Connected vehicles, intelligent traffic management, and mobility-as-a-service solutions dominate applications. Municipal authorities and transportation companies drive adoption. Sustainability and smart city initiatives support expansion.
Download your exclusive sample…
Natural Fiber Composite Market to Reach US$ 494.3 Million by 2031 at 5.3% CAGR; …
The Natural Fiber Composite market reached US$ 327.0 million in 2023 and is expected to reach US$ 494.3 million by 2031, growing at a CAGR of 5.3% during the forecast period 2024-2031. Market growth is supported by rising demand for lightweight, low-carbon, and sustainable materials across automotive, construction, consumer goods, and packaging industries, as manufacturers seek alternatives to synthetic composites to meet environmental targets.
Strong momentum is coming from government regulations…
Japan 6G Market Set for Explosive Growth to USD 2.26 Billion by 2032, Led by Asi …
The Japan 6G Market is expected to reach USD 2.26 billion by 2032, growing with a CAGR of 28.76% during the forecast period 2025-2032.
Market growth is driven by Japan's aggressive national strategy for 6G leadership, surging demand for ultra-high-speed connectivity in AI-driven applications, and robust R&D investments from government and telecom giants like NTT and KDDI. Advancements in terahertz spectrum technologies, expanding use cases in holographic communications and autonomous systems,…
Benefits of Carbon Farming. Market is set to reach US$330.01 billion by 2032, at …
Global Carbon Farming Market reached US$113.36 million in 2024 and is expected to reach US$330.01 billion by 2032, growing with a CAGR of 14.29% during the forecast period 2025-2032, according to DataM Intelligence report.
Carbon farming market growth is driven by rising climate regulations, demand for carbon credits, corporate net-zero goals, improved soil health benefits, and farmer incentives supporting sustainable agricultural practices worldwide.
Get a Free Sample PDF Of This Report (Get…
More Releases for Solar
Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO …
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research argues…
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So …
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectors…
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So …
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solar…
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others.
This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such…
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola …
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook.
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/1563
Solar PV Module Market size…
Global Solar Thermal Market 2016 Abengoa Solar, SUPCON Solar, Solar Euromed
Global Solar Thermal Market Research Report
The MRS Research Group Solar Thermal report by QY Research represents an inclusive evaluation of the Solar Thermal Market and comprises considerable insights, historical data, facts,and statistical and industry-validated data of the global market.Additionally,it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions.The MRS Research Group report research highlights informative data and in-depth analysis of Solar Thermal…
