Thin-Film PV Module Market expected to reach USD 13.895 billion by 2030
Thin-Film PV Module Market Trends & Forecast
According to a research study published by Knowledge Sourcing Intelligence (KSI), the thin-film PV module market will expand from USD 11.166 billion in 2025 to USD 13.895 billion in 2030 at a CAGR of 4.47% during the forecast period.
The growth of this market is primarily attributed to the increasing focus on renewable energy and the advantages to the environment, with it being a sustainable deployment. The demand for thin-film PV modules is growing as they meet the ambitious targets to avert climate change and reduce greenhouse gas emissions set by diverse countries’ governments because of their lightweight and flexible nature. Thin-film PV modules consume less silicon to produce compared to conventional crystalline silicon panels, which leads to savings on production costs and lowering environmental impact.
In addition, the lightweight design translates into lower installation costs, making it suitable in environments not feasible for conventional panels. Further, tariffs that apply to crystalline silicon panels are fostering thin-film PV module adoption by manufacturers. Thin-film modules are adaptable and can be installed on surfaces such as rooftops, traffic signals, and portable devices. Their flexible nature accommodates integration with commercial buildings and transportation systems. Further, due to the lower carbon footprint in material usage and energy input, its refined recycling processes contribute to its growing demand in green technology markets.
➥ View a sample of the report or purchase the complete study at: Thin-Film PV Module Market Report
Thin-Film PV Module Market Report Highlights
- The Cadmium Telluride (CdTe) segment is estimated to attain a greater market share by 2030 in the type segment. This segment is growing due to relatively affordable fabrication costs, moderate efficiencies, and large-scale utility applications. CdTe solar cells have an advantage in terms of mass production for large-scale solar utility projects. Further, improvements in their efficiencies are being made by companies to make them competitive with crystalline silicon technologies. The large-scale utility applications are driving the demand for renewable energy, therefore making CdTe technology a good candidate for giant solar farms flourishing around the globe.
- The utility-scale applications segment is the dominating segment in the global thin-gilm PV module market in the application segment, driven by the high demand for renewable power with growing investments from governmental and private sectors in large-scale solar energy projects for carbon emission reduction and energy sustainability. Thin-film PV modules are economically viable both in manufacturing and installation, compared to crystalline silicon panels, making them more suited for large utility-scale installations. Additionally, enhanced thin-film technology efficiencies are also contributing to making them efficient and viable in utility-scale applications.
Report Coverage:
| Report Metric | Details |
| Thin-Film PV Module Market Size in 2025 | US$11.166 billion |
| Thin-Film PV Module Market Size in 2030 | US$13.895 billion |
| Growth Rate | CAGR of 4.47% |
| Drivers |
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| Restraints |
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| Segmentation |
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| List of Major Companies in Thin-Film PV Module Market |
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Thin-Film PV Module Market Drivers
- Growing Applications: As the market is experiencing a key shift towards a cleaner world and reducing carbon emissions, there is growing investment in renewable energy. This is driving the applications of thin-film PV modules in a variety of applications, such as in buildings, vehicles and others.
- Growing Push towards Domestic Manufacturing: Governments across regions are focusing on offering incentives, tax credits, and subsidies to promote the local production of solar modules, including the thin-film technologies, to reduce dependency on imports, which is playing a central role in today’s geopolitical situations and also to improve the production resilience.
Thin-Film PV Module Market Restraints
- Lower Energy Conversion Efficiency: Thin-film PV have lower energy conversion efficiency than traditional crystalline silicon, which is limiting its competitiveness in the market, more particularly in utility-scale projects.
- Supply Chain Limitations: Thin-film technologies use scarce materials such as Cadmium Telluride and Copper Indium Gallium Selenide. These raw materials have limited availability and are produced only in a few areas, such as Ohio in the U.S., making them exposed to regional disruptions, trade restrictions, and local policy changes.
Thin-Film PV Module Market Developments
- Ecosystem Collaboration: In July 2025, First Solar introduced the 535 W Series 7 thin-film module, optimized for India’s hot and humid climate. First Solar, GameChange Solar, Cleantech Solar, and Jakson Green collaborated to deploy India’s first project with Series 7 thin-film PV modules, showcasing ecosystem integration.
- Partnership: In April 2024, Stuttgart-based Zentrum für Sonnenenergie- und Wasserstoff-Forschung Baden-Württemberg (ZSW) and First Solar, Inc. formed a strategic partnership to focus on advancements in thin film photovoltaics, particularly on all-thin-film tandem technologies on a gigawatt scale.
Thin-Film PV Module Market Segmentation
Knowledge Sourcing Intelligence has segmented the Global Thin-Film PV Module Market based on type, application, and region:
Global Thin-Film PV Module Market, By Type
- Copper Indium Gallium Diselenide (CIGS)
- Amorphous Silicon (a-Si)
- Cadmium Telluride (CdTe)
Global Thin-Film PV Module Market, By Product Type
- Building-integrated PV
- Rooftop applications
- Utility-scale applications
Global Thin-Film PV Module Market, By Region
- North America
- USA
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Others
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Others
- South America
- Brazil
- Argentina
- Others
- Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- Others
Thin-Film PV Module Market Key Players
- 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
- Toledo Solar Inc.
About Knowledge Sourcing Intelligence (KSI)
Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm headquartered in India. Backed by seasoned industry experts, we offer syndicated reports, customized research, and strategic consulting services. Our proprietary data analytics framework, combined with rigorous primary and secondary research, enables us to deliver high-quality insights that support informed decision-making. Our solutions empower businesses to gain a competitive edge in their markets. With deep expertise across ten key sectors, including ICT, Chemicals, Semiconductors, and Healthcare, we effectively address the diverse needs of our global clientele.
