Global CIGS Thin-Film Solar Cells Market: Overview
CIGS stands for copper indium gallium selenide, it is a thin film solar cell that is used to convert sun rays into electrical energy. CIGS thin film solar cells are manufactured by the process of depositing a thin layer of indium, copper, selenide and gallium on plastic backing or glass, having electrodes on the back and front to collect current. CIGS has a high absorption coefficient and absorbs sunlight strongly, so a thin film of this material is required to obtain the same electric energy as that of semiconductor materials. The thin-film photovoltaic technologies consists of three mainstreams namely amorphous silicon, cadmium telluride and CIGS. Like other materials in the thin-film photovoltaic technologies, CIGS is also flexible, that allows them to get deposited on the flexible substrates. Also the best performance of the solar cells comes from the glass deposited cells, as all the technologies use high temperature depositions. The performance of polysilicon-based panels are higher than these glass based technologies of solar cells, though advances in CIGS low temperature deposition is trying to erase these performance difference up to a great extent. CIGS Thin-film solar cells market is expected to expand at a healthy CAGR in the forecast period.
Find Out More about the Report Coverage
Global CIGS Thin-Film Solar Cells Market: Drivers and Restrains
The increasing market of solar panels and cost efficiency of electricity generated by solar panels as compared to other sources of energy is driving the CIGS thin-film solar cells market. Also the increased efficiency of CIGS thin film solar cells and the reduced time required to produce the electricity as compared to its counterpart’s technologies is further contributing in the growing CIGS thin-film solar cells market. Moreover, the rising concerns amongst people for environmental safety is bolstering the CIGS thin-film solar cells market.
However, the initial high cost of CIGS thin film solar cells and the complexity and technicality associated with its manufacturing can hamper the growth of global CIGS thin-film solar cells market.
Customize this Report
Explore Intelligence Tailored to Your Business Goals.
Global CIGS Thin-Film Solar Cells Market: Segmentation
|basis of film thickness||
|basis of deposition technique||
|basis of the end-use industry||
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Global CIGS Thin-Film Solar Cells Market: Region Wise Outlook
The global CIGS thin-film solar cells market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. North America is a dominant region in the global CIGS thin-film solar cells market owing to its presence in the energy and power sector. Asia Pacific ranks second in the market share of global CIGS thin-film solar cells market because of the growing electronics and electrical industry. The flourishing automobiles industry in Europe is the major cause to map this region in the global CIGS thin-film solar cells market. Latin America is also gaining importance in this market due to the investments of this region in the energy and power sector. Middle east and Africa is at a nascent stage in the global CIGS thin-film solar cells market but is anticipated to have a considerable CAGR in the forecasted period.
Explore Persistence Market Research’s expertise in promulgation of the business !
Global CIGS Thin-Film Solar Cells Market: Key Players
Some of the key players in the global CIGS thin-film solar cells market are:
- Trina Solar Limited
- Tata Power Solar Systems Limited
- Suniva Inc
- SolarWorld AG
- Pionis Energy Technologies LLC
- JinkoSolar Holding Co. Ltd
- Borg Inc
- Alps Technology Inc
- Itek Energy
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint