Market Analysis and Insights: Global CdTe Thin Film Solar Cell Market

Thin film solar cells refer to the fact that these types of solar cells use a much thinner level of photovoltaic material than mono-crystalline or multi-crystalline solar cells. The thin-film solar cells are made by depositing one or more thin layers, or thin film (TF) of photovoltaic material on a substrate, such as glass, plastic or metal. Thin-film solar cells are commercially used in several technologies, including cadmium telluride (CdTe), copper indium gallium diselenide (CIGS), and amorphous thin-film silicon (a-Si, TF-Si)

Due to the COVID-19 pandemic, the global CdTe Thin Film Solar Cell market size is estimated to be worth US$ 4951.2 million in 2022 and is forecast to a readjusted size of US$ 11400 million by 2029 with a CAGR of 12.5% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Rigid CdTe Thin Film Solar Cell accounting for % of the CdTe Thin Film Solar Cell global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Residential Application segment is altered to an % CAGR throughout this forecast period.

The global CdTe thin-film Solar cell industry is dominated by First Solar, Calyxo, Antec Solar Energy AG, LucInTech and ASP, among others, with First Solar leading the industry with a 95% market share.

Global CdTe Thin Film Solar Cell Scope and Market Size

The global CdTe Thin Film Solar Cell market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global CdTe Thin Film Solar Cell market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Rigid CdTe Thin Film Solar Cell

Flexible CdTe Thin Film Solar Cell


Segment by Application


Residential Application

Commercial Application

Utility Application

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


First Solar

Calyxo

Antec Solar Energy AG

Lucintech

ASP