According to a market report by Lucintel, the future of the thin film photovoltaic market looks promising with opportunities in the residential, commercial, and industrial sectors. The global thin film photovoltaic market is expected to grow with a CAGR of 27% to 29% from 2023 to 2028. The major drivers for this market are strict governmental regulations to opt for technologies with low carbon footprint and rising application of thin film photovoltaic for several purposes including space, military, and consumer electronic applications.
In this market, cadmium telluride, amorphous, and copper indium gallium diselenide are the major segments by product type. Lucintel forecasts that cadmium telluride will remain the largest segment over the forecast period as it is highly accepted and one of the most widely employed solar cell materials in the world.
Within this market, commercial segment will grow with the highest CAGR over the forecast period due to several government initiatives and policies.
Asia Pacific is expected to remain the largest region over the forecast period due to rising energy consumption, growing investments in solar energy generation, and government initiatives to support energy-efficient solutions.
Solar Frontier, Kaneka Corporation, Sharp Electronics, United Solar Energy, Solar Cell, Siemens, Panasonic, Kyocera, Suntech Power, and Global Solar Energy companies are among the major suppliers of thin film photovoltaicss.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global thin film photovoltaic market by product type, end use, material, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Thin Film Photovoltaic Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global thin film photovoltaic market by product type, end use, material, and region as follows:
Thin Film Photovoltaic Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Cadmium Telluride
Amorphous Silicon
Copper Indium Gallium Diselenide
Thin Film Photovoltaic Market by End Use [Value ($B) Shipment Analysis from 2017 to 2028]:
Residential
Commercial
Industrial
Thin Film Photovoltaic Market by Material [Value ($B) Shipment Analysis from 2017 to 2028]:
Thin Film Photovoltaic Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
About Lucintel
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This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global thin film photovoltaic market by product type (cadmium telluride, amorphous silicon, and copper indium gallium diselenide), end use (residential, commercial, and industrial), material (copper and aluminum), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?