Thin Film Solar PV Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Thin Film Solar PV Market is segmented by Type (Cadmium Telluride (CdTe), Copper Indium Gallium Selenide (CIGS), and Amorphous Silicon (a-Si)), and Geography (North America, Asia-Pacific, Europe, and Rest of the World).

Thin Film Solar PV Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Thin Film Solar PV Market Size

Thin-Film Solar PV Market - Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 23.02 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Thin Film Solar PV Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Thin Film Solar PV Market Analysis

The Thin Film Solar PV Market is expected to register a CAGR of 23.02% during the forecast period.

  • Factors, such as low PV module prices and technological advancements made to improve the efficiency of thin-film solar cells, are the major drivers of the market studied. However, as thin-film panels require a larger area than alternative types of solar PV modules, the mere size of the system negatively affects the cost-effectiveness of the thin-film PV module systems, as the panel output losses offset less installation cost due to lower efficiencies. This factor, in turn, is expected to hinder the growth of the market studied.
  • Globally, the photovoltaic (PV) solar cells based on cadmium telluride (CdTe) represent the largest segment of commercial thin-film module production as it is a lower-cost alternative to conventional silicon-based technologies.
  • Tariffs on Imported Solar Cells (c-Si) and Modules in the United States is expected to create an ample opportunity for thin-film manufacturers.
  • Asia-Pacific dominated the market across the world with the majority of the demand coming from the countries, such as China, and Japan.

Thin Film Solar PV Industry Overview

The thin film solar PV market is partially consolidated. Some of the major companies include First Solar Inc., SolarPower Systems Inc., Kaneka Corporation, Solar Frontier K.K., and NanoPV Solar Inc.

Thin Film Solar PV Market Leaders

  1. First Solar Inc.

  2. Kaneka Corporation

  3. Solar Frontier K.K.

  4. NanoPV Solar Inc.

  5. SoloPower Systems, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration - Thin Film Solar PV Market.png
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Thin Film Solar PV Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Installed Capacity, History, and Forecast in GW, till 2025
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Cadmium Telluride (CdTe)
    • 5.1.2 Copper Indium Gallium Selenide (CIGS)
    • 5.1.3 Amorphous Silicon (a-Si)
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.2 Asia-Pacific
    • 5.2.3 Europe
    • 5.2.4 Rest of the World

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Company Profiles
    • 6.2.1 First Solar Inc.
    • 6.2.2 SoloPower Systems Inc.
    • 6.2.3 Kaneka Corporation
    • 6.2.4 Solar Frontier K.K.
    • 6.2.5 NanoPV Solar Inc.
    • 6.2.6 Ascent Solar Technologies Inc.
    • 6.2.7 Hanergy Thin Film Power Group Ltd
    • 6.2.8 Trony Solar Holdings Co. Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Thin Film Solar PV Industry Segmentation

The thin-film solar PV market report include:

Type Cadmium Telluride (CdTe)
Copper Indium Gallium Selenide (CIGS)
Amorphous Silicon (a-Si)
Geography North America
Asia-Pacific
Europe
Rest of the World
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Thin Film Solar PV Market Research FAQs

What is the current Thin Film Solar PV Market size?

The Thin Film Solar PV Market is projected to register a CAGR of 23.02% during the forecast period (2025-2030)

Who are the key players in Thin Film Solar PV Market?

First Solar Inc., Kaneka Corporation, Solar Frontier K.K., NanoPV Solar Inc. and SoloPower Systems, Inc. are the major companies operating in the Thin Film Solar PV Market.

Which is the fastest growing region in Thin Film Solar PV Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Thin Film Solar PV Market?

In 2025, the Asia Pacific accounts for the largest market share in Thin Film Solar PV Market.

What years does this Thin Film Solar PV Market cover?

The report covers the Thin Film Solar PV Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Thin Film Solar PV Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Thin Film Solar PV Industry Report

Statistics for the 2025 Thin Film Solar PV market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thin Film Solar PV analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.