The Business Research Company’s Thin Film Solar Cell Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Thin Film Solar Cell Global Market Report 2023 evaluates thin film solar cell market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global thin film solar cell market size is expected to grow from $12.13 billion in 2022 to $13.35 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the thin film solar cell is expected to grow to $18.9 billion in 2027 at a CAGR of 9.1%.
The rise in electricity demand in remote areas is expected to propel the growth of the thin film solar cell market. Electricity demand is the measurement rate at which a home or business consumes electricity over a given time period. The rise in electricity demand is being aided by thin-film solar panels, which convert solar energy to electrical energy using the photovoltaic effect and can be used to power pumps, traffic lights, and street lights, among other things. For instance, in February 2022, according to a research report by the Energy for Sustainable Development, an India-based journal for decision-makers, there is a 38% annual increase in Nepal’s rural electrified zones, while in 2030, electricity demand in the West African region is estimated to be 5 times more. Therefore, the rise in electricity demand in remote areas is driving the growth of the thin film solar cell market.
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The thin film solar cell market segments in the report are:
1) By Type: Cadmium Telluride, Amorphous Thin-film Silicon, Copper Indium Gallium Selenide, Microcrystalline Tandem Cells, Thin-film Polycrystalline Silicon, Other Types
2) By Technology: On-Grid, Off-Grid
3) By Application: Residential, Commercial, Utility
Top Major Players
Ascent Solar Technologies
Filsom AG
First Sola
Hanergy Mobile Energy
Miasole
The table of contents in TBRC’s thin film solar cell market report includes:
1. Executive Summary
2. Thin Film Solar Cell Market Characteristics
3. Thin Film Solar Cell Market Trends And Strategies
4. Thin Film Solar Cell Market – Macro Economic Scenario
5. Thin Film Solar Cell Market Size And Growth
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26. Africa Thin Film Solar Cell Market
27. Thin Film Solar Cell Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Thin Film Solar Cell Market
29. Thin Film Solar Cell Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Thin Film Solar Cell Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Thin Film Solar Cell Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Thin Film Solar Cell Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 46: Ascent Solar Technologies Financial Performance
Table 47: Filsom AG Financial Performance
Table 48: First Solar Financial Performance
Table 49: Hanergy Mobile Energy Financial Performance
Table 50: Kaneka Corporation Financial Performance
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