The Asia Pacific Thin-Film Photovoltaic Market would witness market growth of 15.8% CAGR during the forecast period (2023-2030).
In rising markets, such as those in nations with high levels of solar irradiation and lots of available land for solar installations, thin-film photovoltaics have become more popular. Solar energy is an appealing and practical solution because the markets frequently have limited access to conventional electricity infrastructure. The efficiency of energy conversion using these technologies has significantly increased.
The conversion efficiency of various crystalline silicon-based modules has been rivaled by those of CdTe and CIGS technologies. Greater efficiency results in higher power production and enhanced system performance. To achieve Net Zero Emissions by 2050 Scenario, photovoltaics deployment must continue to increase and scale up, necessitating continuous governmental ambition. By 2027, the installed power capacity of solar photovoltaics (PV) is expected to surpass that of coal.
Due to the growing adoption of solar photovoltaic (PV) panels in utility-scale, commercial, as well as residential applications, Asia Pacific has been responsible for a considerable demand for thin-film photovoltaics. Several initiatives and supportive policies put forth by governments of various countries in this region encourage the use of solar energy. The Tokyo Olympic Games' organizing committee from Japan declared its intention to use only renewable energy in 2018. In consequence, this is anticipated to increase demand for thin-film solar PV. With variables including the impending utility-scale project, supportive legislation, and subsidies, the market is predicted to have significant growth throughout the projected period.
The China market dominated the Asia Pacific Thin-Film Photovoltaic Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.6 billion by 2030. The Japan market is estimated to witness a CAGR of 15.1% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 16.5% during (2023 - 2030).
Based on Component, the market is segmented into Module, Inverter, and Balance of System (BOS). Based on Material, the market is segmented into Cadmium Telluride, Copper Indium Gallium Selenide (CIGS), Amorphous Silicon (A-SI), Perovskite, Organic PV, Copper Zinc Tin Sulfide (CZTS) and Quantum Dot Thin Film Solar Cells & All-Silicon Tandem. Based on End User, the market is segmented into Utilities, Commercial & Industrial and Residential. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Thin-Film Photovoltaic Market is Projected to reach USD 15.1 Billion by 2030, at a CAGR of 15.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kyocera Corporation, Kaneka Corporation, Mitsubishi Electric Corporation, Sharp Corporationm, Jinko Solar Holding Co., Ltd., Panasonic Holdings Corporation, Emeren Group Ltd. (ReneSola Co. Ltd.), JA SOLAR Technology Co., Ltd., Suntech Power Holdings Co. Ltd., Yingli Solar Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Module
- Inverter
- Balance of System (BOS)
By Material
- Cadmium Telluride
- Copper Indium Gallium Selenide (CIGS)
- Amorphous Silicon (A-SI)
- Perovskite
- Organic PV
- Copper Zinc Tin Sulfide (CZTS)
- Quantum Dot Thin Film Solar Cells & All-Silicon Tandem
By End User
- Utilities
- Commercial & Industrial
- Residential
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Kyocera Corporation
- Kaneka Corporation
- Mitsubishi Electric Corporation
- Sharp Corporation
- Jinko Solar Holding Co., Ltd.
- Panasonic Holdings Corporation
- Emeren Group Ltd. (ReneSola Co. Ltd.)
- JA SOLAR Technology Co., Ltd.
- Suntech Power Holdings Co. Ltd.
- Yingli Solar Co., Ltd.
TABLE 1 Asia Pacific Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Module Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Module Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Inverter Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Inverter Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Balance of System (BOS) Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Balance of System (BOS) Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Cadmium Telluride Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Cadmium Telluride Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Copper Indium Gallium Selenide (CIGS) Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Copper Indium Gallium Selenide (CIGS) Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Amorphous Silicon (A-SI) Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Amorphous Silicon (A-SI) Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Perovskite Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Perovskite Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Organic PV Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Organic PV Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Copper Zinc Tin Sulfide (CZTS) Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Copper Zinc Tin Sulfide (CZTS) Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Quantum Dot Thin Film Solar Cells & All-Silicon Tandem Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Quantum Dot Thin Film Solar Cells & All-Silicon Tandem Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 29 Asia Pacific Utilities Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Utilities Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Commercial & Industrial Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Commercial & Industrial Market by Country, 2023 - 2030, USD Million
TABLE 33 Asia Pacific Residential Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Residential Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Thin-Film Photovoltaic Market by Country, 2019 - 2022, USD Million
TABLE 36 Asia Pacific Thin-Film Photovoltaic Market by Country, 2023 - 2030, USD Million
TABLE 37 China Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 38 China Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 39 China Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 40 China Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 41 China Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 42 China Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 43 China Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 44 China Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 45 Japan Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 46 Japan Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 47 Japan Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 48 Japan Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 49 Japan Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 50 Japan Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 51 Japan Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 52 Japan Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 53 India Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 54 India Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 55 India Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 56 India Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 57 India Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 58 India Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 59 India Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 60 India Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 61 South Korea Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 62 South Korea Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 63 South Korea Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 64 South Korea Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 65 South Korea Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 66 South Korea Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 67 South Korea Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 68 South Korea Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 69 Singapore Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 70 Singapore Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 71 Singapore Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 72 Singapore Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 73 Singapore Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 74 Singapore Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 75 Singapore Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 76 Singapore Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 77 Malaysia Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 78 Malaysia Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 79 Malaysia Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 80 Malaysia Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 81 Malaysia Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 82 Malaysia Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 83 Malaysia Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 84 Malaysia Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 85 Rest of Asia Pacific Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 86 Rest of Asia Pacific Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 87 Rest of Asia Pacific Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 88 Rest of Asia Pacific Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 89 Rest of Asia Pacific Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 90 Rest of Asia Pacific Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 91 Rest of Asia Pacific Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 92 Rest of Asia Pacific Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 93 Key Information – Kyocera Corporation
TABLE 94 Key Information – Kaneka Corporation
TABLE 95 key Information – Mitsubishi Electric Corporation
TABLE 96 Key Information – Sharp Corporation
TABLE 97 Key information – Jinko Solar Holding Co., Ltd.
TABLE 98 Key Information – panasonic holdings corporation
TABLE 99 Key Information – Emeren Group Ltd.
TABLE 100 Key Information – JA SOLAR Technology Co., Ltd.
TABLE 101 Key Information – Suntech power Holdings Co Ltd.
TABLE 102 Key Information – Yingli Solar Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Thin-Film Photovoltaic Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Thin-Film Photovoltaic Market
FIG 4 Porter’s Five Forces Analysis - Thin-Film Photovoltaic Market
FIG 5 Asia Pacific Thin-Film Photovoltaic Market share by Component, 2022
FIG 6 Asia Pacific Thin-Film Photovoltaic Market share by Component, 2030
FIG 7 Asia Pacific Thin-Film Photovoltaic Market by Component, 2019 - 2030, USD Million
FIG 8 Asia Pacific Thin-Film Photovoltaic Market share by Material, 2022
FIG 9 Asia Pacific Thin-Film Photovoltaic Market share by Material, 2030
FIG 10 Asia Pacific Thin-Film Photovoltaic Market by Material, 2019 - 2030, USD Million
FIG 11 Asia Pacific Thin-Film Photovoltaic Market share by End User, 2022
FIG 12 Asia Pacific Thin-Film Photovoltaic Market share by End User, 2030
FIG 13 Asia Pacific Thin-Film Photovoltaic Market by End User, 2019 - 2030, USD Million
FIG 14 Asia Pacific Thin-Film Photovoltaic Market share by Country, 2022
FIG 15 Asia Pacific Thin-Film Photovoltaic Market share by Country, 2030
FIG 16 Asia Pacific Thin-Film Photovoltaic Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Kyocera Corporation
FIG 18 SWOT Analysis: Kaneka Corporation
FIG 19 SWOT Analysis: Mitsubishi Electric Corporation
FIG 20 SWOT Analysis: Sharp Corporation
FIG 21 SWOT Analysis: Jinko Solar Holding Co., Ltd.
FIG 22 SWOT Analysis: Panasonic Holdings Corporation
FIG 23 Recent strategies and developments: JA SOLAR Technology Co., Ltd.
FIG 24 SWOT Analysis: JA SOLAR Technology Co., Ltd.
FIG 25 SWOT Analysis: Suntech Power Holdings Co. Ltd.
FIG 26 SWOT Analysis: Yingli Solar Co., Ltd.