New York, July 10, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Thin-Film Photovoltaic Market by Material, Amorphous Silicon, Perovskite, Copper Indium Gallium Selenide, Organic PV, Copper Zinc Tin Sulfide, Component – Global Forecast to 2028” – https://www.reportlinker.com/p06473800/?utm_source=GNW
However, competition from traditional crystalline silicon solar cells act as a challenge for the market in the future. The major growth opportunities for the market players are ongoing technologies/material development in thin-film solar cell manufacturing.
“Market for Cadmium Telluride (CdTe) have the highest share during the forecast period”
The cadmium telluride (CdTe) segment of the thin-film photovoltaic market is expected to account for the highest CAGR in the forecast period.Among all solar panel varieties, CdTe has the lowest carbon footprint, water need, and energy payback period.”Utilities end user had the highest share in 2023″
The utility segment held the largest market share in 2023, and a similar trend is expected during the forecast period.The solar power plants are environmentally friendly; therefore, governments across several countries promote the installation of such plants.North America is expected to dominate the thin-film photovoltaic market during the forecast period.The governments in the US, and Canada have taken several initiatives, such as the National Community Solar Partnership and Climate Action Incentive Fund, to promote the use of PV modules in North America.• By company type: Tier 1 – 35 %, Tier 2 – 45%, and Tier 3 – 20%
• By designation: C-Level Executives – 35%, Managers – 25%, and Others – 40%
• By region: North America – 45%, Europe – 20%, Asia Pacific – 30%, and RoW – 5%
The report profiles key players in the thin-film photovoltaic market with their respective market ranking analyses.Prominent players profiled in this report include First Solar (US), Kaneka Corporation (Japan), Ascent Solar Technologies (US), Oxford PV (UK), Hanwha Q CELLS (South Korea), Sharp Corporation (Japan), JA Solar Technology Co.This research report categorizes the thin-film photovoltaic market based on material, component, end user, and region.The report describes the major drivers, restraints, challenges, and opportunities pertaining to the thin-film photovoltaic market and forecasts the same till 2028.The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall thin film photovoltaic market and the subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies.• Analysis of key drivers (Increasing government-led initiatives related to thin-film solar cells, growing adoption of thin-film solar cells in residential sector, and increasing investments in renewable energy), restraints (Availability of substitutes and high installation cost and lack of skilled workforce for photovoltaic installation), opportunities (Integration of thin-film solar cells into windows, facades, and roofs and ongoing technological/material developments in thin-film solar cell manufacturing), and challenges (Growing popularity of traditional crystalline silicon solar cells in large-scale solar installations) influencing the growth of the thin film photovoltaic market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the thin film photovoltaic market
• Market Development: Comprehensive information about lucrative markets – the report analyses the thin film photovoltaic market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the thin film photovoltaic market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like First Solar (US), Kaneka Corporation (Japan), Ascent Solar Technologies (US), among others in the thin film photovoltaic market.
Read the full report: https://www.reportlinker.com/p06473800/?utm_source=GNWReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
(GlobeNewsWire)