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Global CIGS Thin Film Solar Cell Market Research Report 2024
Synopsis
CIGS Thin Film Solar Cell refers to a type of photovoltaic cell that utilizes a thin film of copper indium gallium selenide (CIGS) semiconductor material to convert sunlight into electricity. CIGS is a compound that has excellent light absorption properties, allowing for efficient energy conversion. The thin film solar cells are created by depositing thin layers of CIGS material onto a substrate such as glass or flexible material. CIGS Thin Film Solar Cells offer advantages like high efficiency, potential for flexible and lightweight designs, and lower manufacturing costs compared to traditional silicon-based solar cells.
The global CIGS Thin Film Solar Cell market was valued at US$ 3696.8 million in 2023 and is anticipated to reach US$ 4563.8 million by 2030, witnessing a CAGR of 3.1% during the forecast period 2024-2030.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.239 GW.
This report aims to provide a comprehensive presentation of the global market for CIGS Thin Film Solar Cell, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding CIGS Thin Film Solar Cell.
Report Scope
The CIGS Thin Film Solar Cell market size, estimations, and forecasts are provided in terms of output/shipments (GWh) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global CIGS Thin Film Solar Cell market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the CIGS Thin Film Solar Cell manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Solar Frontier
SoloPower
Avancis
Siva Power
Hanergy
Solibro (Hanergy)
Miasole
Global Solar
Flisom
Segment by Type
Copper Indium Gallium Selenide (CIGS) Solar Cells
Copper Indium Selenide (CIS) Solar Cell
Segment by Application
Residential
Commercial
Ground Station
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of CIGS Thin Film Solar Cell manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of CIGS Thin Film Solar Cell by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of CIGS Thin Film Solar Cell in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
CIGS Thin Film Solar Cell refers to a type of photovoltaic cell that utilizes a thin film of copper indium gallium selenide (CIGS) semiconductor material to convert sunlight into electricity. CIGS is a compound that has excellent light absorption properties, allowing for efficient energy conversion. The thin film solar cells are created by depositing thin layers of CIGS material onto a substrate such as glass or flexible material. CIGS Thin Film Solar Cells offer advantages like high efficiency, potential for flexible and lightweight designs, and lower manufacturing costs compared to traditional silicon-based solar cells.
The global CIGS Thin Film Solar Cell market was valued at US$ 3696.8 million in 2023 and is anticipated to reach US$ 4563.8 million by 2030, witnessing a CAGR of 3.1% during the forecast period 2024-2030.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.239 GW.
This report aims to provide a comprehensive presentation of the global market for CIGS Thin Film Solar Cell, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding CIGS Thin Film Solar Cell.
Report Scope
The CIGS Thin Film Solar Cell market size, estimations, and forecasts are provided in terms of output/shipments (GWh) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global CIGS Thin Film Solar Cell market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the CIGS Thin Film Solar Cell manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Solar Frontier
SoloPower
Avancis
Siva Power
Hanergy
Solibro (Hanergy)
Miasole
Global Solar
Flisom
Segment by Type
Copper Indium Gallium Selenide (CIGS) Solar Cells
Copper Indium Selenide (CIS) Solar Cell
Segment by Application
Residential
Commercial
Ground Station
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of CIGS Thin Film Solar Cell manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of CIGS Thin Film Solar Cell by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of CIGS Thin Film Solar Cell in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 CIGS Thin Film Solar Cell Market Overview
1.1 Product Definition
1.2 CIGS Thin Film Solar Cell Segment by Type
1.2.1 Global CIGS Thin Film Solar Cell Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Copper Indium Gallium Selenide (CIGS) Solar Cells
1.2.3 Copper Indium Selenide (CIS) Solar Cell
1.3 CIGS Thin Film Solar Cell Segment by Application
1.3.1 Global CIGS Thin Film Solar Cell Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Residential
1.3.3 Commercial
1.3.4 Ground Station
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global CIGS Thin Film Solar Cell Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global CIGS Thin Film Solar Cell Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global CIGS Thin Film Solar Cell Production Estimates and Forecasts (2019-2030)
1.4.4 Global CIGS Thin Film Solar Cell Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global CIGS Thin Film Solar Cell Production Market Share by Manufacturers (2019-2024)
2.2 Global CIGS Thin Film Solar Cell Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of CIGS Thin Film Solar Cell, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global CIGS Thin Film Solar Cell Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global CIGS Thin Film Solar Cell Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of CIGS Thin Film Solar Cell, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of CIGS Thin Film Solar Cell, Product Offered and Application
2.8 Global Key Manufacturers of CIGS Thin Film Solar Cell, Date of Enter into This Industry
2.9 CIGS Thin Film Solar Cell Market Competitive Situation and Trends
2.9.1 CIGS Thin Film Solar Cell Market Concentration Rate
2.9.2 Global 5 and 10 Largest CIGS Thin Film Solar Cell Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 CIGS Thin Film Solar Cell Production by Region
3.1 Global CIGS Thin Film Solar Cell Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global CIGS Thin Film Solar Cell Production Value by Region (2019-2030)
3.2.1 Global CIGS Thin Film Solar Cell Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of CIGS Thin Film Solar Cell by Region (2025-2030)
3.3 Global CIGS Thin Film Solar Cell Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global CIGS Thin Film Solar Cell Production by Region (2019-2030)
3.4.1 Global CIGS Thin Film Solar Cell Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of CIGS Thin Film Solar Cell by Region (2025-2030)
3.5 Global CIGS Thin Film Solar Cell Market Price Analysis by Region (2019-2024)
3.6 Global CIGS Thin Film Solar Cell Production and Value, Year-over-Year Growth
3.6.1 North America CIGS Thin Film Solar Cell Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe CIGS Thin Film Solar Cell Production Value Estimates and Forecasts (2019-2030)
3.6.3 China CIGS Thin Film Solar Cell Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan CIGS Thin Film Solar Cell Production Value Estimates and Forecasts (2019-2030)
4 CIGS Thin Film Solar Cell Consumption by Region
4.1 Global CIGS Thin Film Solar Cell Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global CIGS Thin Film Solar Cell Consumption by Region (2019-2030)
4.2.1 Global CIGS Thin Film Solar Cell Consumption by Region (2019-2024)
4.2.2 Global CIGS Thin Film Solar Cell Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America CIGS Thin Film Solar Cell Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America CIGS Thin Film Solar Cell Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe CIGS Thin Film Solar Cell Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe CIGS Thin Film Solar Cell Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific CIGS Thin Film Solar Cell Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific CIGS Thin Film Solar Cell Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa CIGS Thin Film Solar Cell Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa CIGS Thin Film Solar Cell Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global CIGS Thin Film Solar Cell Production by Type (2019-2030)
5.1.1 Global CIGS Thin Film Solar Cell Production by Type (2019-2024)
5.1.2 Global CIGS Thin Film Solar Cell Production by Type (2025-2030)
5.1.3 Global CIGS Thin Film Solar Cell Production Market Share by Type (2019-2030)
5.2 Global CIGS Thin Film Solar Cell Production Value by Type (2019-2030)
5.2.1 Global CIGS Thin Film Solar Cell Production Value by Type (2019-2024)
5.2.2 Global CIGS Thin Film Solar Cell Production Value by Type (2025-2030)
5.2.3 Global CIGS Thin Film Solar Cell Production Value Market Share by Type (2019-2030)
5.3 Global CIGS Thin Film Solar Cell Price by Type (2019-2030)
6 Segment by Application
6.1 Global CIGS Thin Film Solar Cell Production by Application (2019-2030)
6.1.1 Global CIGS Thin Film Solar Cell Production by Application (2019-2024)
6.1.2 Global CIGS Thin Film Solar Cell Production by Application (2025-2030)
6.1.3 Global CIGS Thin Film Solar Cell Production Market Share by Application (2019-2030)
6.2 Global CIGS Thin Film Solar Cell Production Value by Application (2019-2030)
6.2.1 Global CIGS Thin Film Solar Cell Production Value by Application (2019-2024)
6.2.2 Global CIGS Thin Film Solar Cell Production Value by Application (2025-2030)
6.2.3 Global CIGS Thin Film Solar Cell Production Value Market Share by Application (2019-2030)
6.3 Global CIGS Thin Film Solar Cell Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Solar Frontier
7.1.1 Solar Frontier CIGS Thin Film Solar Cell Corporation Information
7.1.2 Solar Frontier CIGS Thin Film Solar Cell Product Portfolio
7.1.3 Solar Frontier CIGS Thin Film Solar Cell Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Solar Frontier Main Business and Markets Served
7.1.5 Solar Frontier Recent Developments/Updates
7.2 SoloPower
7.2.1 SoloPower CIGS Thin Film Solar Cell Corporation Information
7.2.2 SoloPower CIGS Thin Film Solar Cell Product Portfolio
7.2.3 SoloPower CIGS Thin Film Solar Cell Production, Value, Price and Gross Margin (2019-2024)
7.2.4 SoloPower Main Business and Markets Served
7.2.5 SoloPower Recent Developments/Updates
7.3 Avancis
7.3.1 Avancis CIGS Thin Film Solar Cell Corporation Information
7.3.2 Avancis CIGS Thin Film Solar Cell Product Portfolio
7.3.3 Avancis CIGS Thin Film Solar Cell Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Avancis Main Business and Markets Served
7.3.5 Avancis Recent Developments/Updates
7.4 Siva Power
7.4.1 Siva Power CIGS Thin Film Solar Cell Corporation Information
7.4.2 Siva Power CIGS Thin Film Solar Cell Product Portfolio
7.4.3 Siva Power CIGS Thin Film Solar Cell Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Siva Power Main Business and Markets Served
7.4.5 Siva Power Recent Developments/Updates
7.5 Hanergy
7.5.1 Hanergy CIGS Thin Film Solar Cell Corporation Information
7.5.2 Hanergy CIGS Thin Film Solar Cell Product Portfolio
7.5.3 Hanergy CIGS Thin Film Solar Cell Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Hanergy Main Business and Markets Served
7.5.5 Hanergy Recent Developments/Updates
7.6 Solibro (Hanergy)
7.6.1 Solibro (Hanergy) CIGS Thin Film Solar Cell Corporation Information
7.6.2 Solibro (Hanergy) CIGS Thin Film Solar Cell Product Portfolio
7.6.3 Solibro (Hanergy) CIGS Thin Film Solar Cell Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Solibro (Hanergy) Main Business and Markets Served
7.6.5 Solibro (Hanergy) Recent Developments/Updates
7.7 Miasole
7.7.1 Miasole CIGS Thin Film Solar Cell Corporation Information
7.7.2 Miasole CIGS Thin Film Solar Cell Product Portfolio
7.7.3 Miasole CIGS Thin Film Solar Cell Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Miasole Main Business and Markets Served
7.7.5 Miasole Recent Developments/Updates
7.8 Global Solar
7.8.1 Global Solar CIGS Thin Film Solar Cell Corporation Information
7.8.2 Global Solar CIGS Thin Film Solar Cell Product Portfolio
7.8.3 Global Solar CIGS Thin Film Solar Cell Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Global Solar Main Business and Markets Served
7.7.5 Global Solar Recent Developments/Updates
7.9 Flisom
7.9.1 Flisom CIGS Thin Film Solar Cell Corporation Information
7.9.2 Flisom CIGS Thin Film Solar Cell Product Portfolio
7.9.3 Flisom CIGS Thin Film Solar Cell Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Flisom Main Business and Markets Served
7.9.5 Flisom Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 CIGS Thin Film Solar Cell Industry Chain Analysis
8.2 CIGS Thin Film Solar Cell Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 CIGS Thin Film Solar Cell Production Mode & Process
8.4 CIGS Thin Film Solar Cell Sales and Marketing
8.4.1 CIGS Thin Film Solar Cell Sales Channels
8.4.2 CIGS Thin Film Solar Cell Distributors
8.5 CIGS Thin Film Solar Cell Customers
9 CIGS Thin Film Solar Cell Market Dynamics
9.1 CIGS Thin Film Solar Cell Industry Trends
9.2 CIGS Thin Film Solar Cell Market Drivers
9.3 CIGS Thin Film Solar Cell Market Challenges
9.4 CIGS Thin Film Solar Cell Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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