Global Thin-Film PV Module Market size worth US$11.557 billion by 2027

Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Thin-film PV module- which is forecasted from 2020 to 2027”.

The prime factors for the growth of the Global Thin-film PV module market are the rising importance of the renewable energy sector, government exemptions, and rising investments in R&D.

According to the report, the market for Global Thin-Film PV Module Market is expected to grow at a sluggish pace. 

Thin-film solar cells are second-generation solar cells that are made from thin-film solar cells. The thin-film solar cells are the easiest and fastest solar panel type to manufacture. These solar cells are made of a very fragile layer of thickness that is measured in nanometers. These thin films are more flexible and lightweight. Also, these thin-film PV modules are used in developing integrated photovoltaics. The market for global thin-film PV modules is expected to grow owing to the rising renewable energy sector. The world is taking steps towards renewable energy alternatives to reduce the impact of climate change. Furthermore, the significant demand for solar energy is fueling the global thin-film PV market growth.

Additionally, governments across the globe are making efforts to increase the share of renewable energy sources. Moreover, meeting the climate goals committed by the countries is further increasing the need for renewable energy which is fueling the global thin-film market during the forecast period. Furthermore, the investments to boost the research and development to increase the efficiency of thin-film solar modules are producing more positive growth opportunities for the thin-film PV module market.

Based on types, the Global Thin-film PV module market is divided into copper Indium Gallium Diselenide (CIGS), Amorphous Silicon (a-Si), and Cadmium Telluride. The Amorphous silicon thin-film is non-crystalline silicon that is much easier to produce than mono solar cells. The Cadmium Telluride thin-film is the second most used solar cell type; hence this segment is expected to grow significantly during the forecast period.

Based on applications, the global electricity transmission pole market is segmented into Building integrated PV, Rooftop applications, and utility-scale applications.

Based on geography, the global thin-film PV module market has been segmented into five major regional markets- North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. According to analysts, the North American region holds a significant share in the thin-film PV module market. Due to the imposed tariff on silicon-based products in North American countries like the US, the overall demand for thin-film solar module manufacturing has increased. On the other hand, the Europe region holds a decent share in the global thin-film module market owing to the extensive research in the field of optimizing the conversion efficiency of CIGSe thin-film technology in different aspects. Additionally, the APAC market is expecting significant growth during the forecast period.

As a part of the report, the major players operating in the Global Thin-film PV module Market, that have been covered are Solar Frontier Kabushiki Kaisha, United Solar Ovonic LLC., Soltecture Solartechnik GmbH, TS Solartech Sdn Bhd, NanoPV Solar Inc., SoloPower Systems, Inc., Hanergy Thin Film Power Group, Flisom Flexible Solar Modules, First Solar Inc., Ascent Solar Technologies, Inc., Antec Solar GmbH, and Toledo Solar Inc.

This analytics report segments the Global Thin-film PV module market on the following basis:

 View a sample of the report or purchase the complete study at

  • By Type

o   Copper Indium Gallium Diselenide (CIGS)

o   Amorphous Silicon (a-Si)

o   Cadmium Telluride (CdTe)

  •  By Application  

o   Building Integrated PV

o   Rooftop Application

o   Utility-scale applications

  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Others
    • The Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others