The North America Thin-Film Photovoltaic Market would witness market growth of 15.1% CAGR during the forecast period (2023-2030).
A variety of applications, including building-integrated photovoltaics (BIPV), curved surfaces, and portable electronics, are made possible by the ability to fabricate thin-film photovoltaic modules on flexible substrates. They may be installed on rooftops or other surfaces that can't sustain the weight of conventional solar panels owing to their lightweight design. Solar installations have significantly increased due to the transition toward sustainable energy sources, particularly solar energy. Due to its cost-effectiveness, scalability, and compatibility for utility-scale projects, thin-film photovoltaic technologies are crucial in supplying this expanding need.
Concentrated solar power (CSP) had cost reductions of 68%, onshore wind saw cost reductions of 56%, and offshore wind saw cost reductions of 48%. As a result, renewable energy sources already account for most current investments and are the standard choice for capacity expansions in the power sector in practically all nations.
In the United States, one of the most important industries is the production of cadmium telluride (CdTe) PV. The National Renewable Energy Laboratory (NREL) has led this field's research and development (R&D). Moreover, the Inflation Reduction Act (IRA), introduced in 2022, generously increased new financing for solar PV in the United States. Furthermore, Canada is a global leader in creating and consuming energy derived from renewable sources. About 18.9% of Canada's primary energy supply is sourced from renewable sources. Therefore, the region presents lucrative growth prospects throughout the forecast period.
The US market dominated the North America Thin-Film Photovoltaic Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.9 billion by 2030. The Canada market is anticipated to grow at a CAGR of 17.7% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 16.7% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Thin-Film Photovoltaic Market, by Component
1.4.2 North America Thin-Film Photovoltaic Market, by Material
1.4.3 North America Thin-Film Photovoltaic Market, by End User
1.4.4 North America Thin-Film Photovoltaic Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Thin-Film Photovoltaic Market by Component
4.1 North America Module Market by Country
4.2 North America Inverter Market by Country
4.3 North America Balance of System (BOS) Market by Country
Chapter 5. North America Thin-Film Photovoltaic Market by Material
5.1 North America Cadmium Telluride Market by Country
5.2 North America Copper Indium Gallium Selenide (CIGS) Market by Country
5.3 North America Amorphous Silicon (A-SI) Market by Country
5.4 North America Perovskite Market by Country
5.5 North America Organic PV Market by Country
5.6 North America Copper Zinc Tin Sulfide (CZTS) Market by Country
5.7 North America Quantum Dot Thin Film Solar Cells & All-Silicon Tandem Market by Country
Chapter 6. North America Thin-Film Photovoltaic Market by End User
6.1 North America Utilities Market by Country
6.2 North America Commercial & Industrial Market by Country
6.3 North America Residential Market by Country
Chapter 7. North America Thin-Film Photovoltaic Market by Country
7.1 US Thin-Film Photovoltaic Market
7.1.1 US Thin-Film Photovoltaic Market by Component
7.1.2 US Thin-Film Photovoltaic Market by Material
7.1.3 US Thin-Film Photovoltaic Market by End User
7.2 Canada Thin-Film Photovoltaic Market
7.2.1 Canada Thin-Film Photovoltaic Market by Component
7.2.2 Canada Thin-Film Photovoltaic Market by Material
7.2.3 Canada Thin-Film Photovoltaic Market by End User
7.3 Mexico Thin-Film Photovoltaic Market
7.3.1 Mexico Thin-Film Photovoltaic Market by Component
7.3.2 Mexico Thin-Film Photovoltaic Market by Material
7.3.3 Mexico Thin-Film Photovoltaic Market by End User
7.4 Rest of North America Thin-Film Photovoltaic Market
7.4.1 Rest of North America Thin-Film Photovoltaic Market by Component
7.4.2 Rest of North America Thin-Film Photovoltaic Market by Material
7.4.3 Rest of North America Thin-Film Photovoltaic Market by End User
Chapter 8. Company Profiles
8.1 Kyocera Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 Kaneka Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Mitsubishi Electric Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Sharp Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental & Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 Jinko Solar Holding Co., Ltd.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.6 SWOT Analysis
8.6 Panasonic Holdings Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.6 SWOT Analysis
8.7 Emeren Group Ltd. (ReneSola Co. Ltd.)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.8 JA SOLAR Technology Co., Ltd.
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.8.2.2 Product Launches and Product Expansions:
8.8.3 SWOT Analysis
8.9 Suntech Power Holdings Co. Ltd.
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. Yingli Solar Co., Ltd.
8.10.1 Company Overview
8.10.2 SWOT Analysis
TABLE 1 North America Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 2 North America Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 3 North America Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 4 North America Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 5 North America Module Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Module Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Inverter Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Inverter Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Balance of System (BOS) Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Balance of System (BOS) Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 12 North America Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 13 North America Cadmium Telluride Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Cadmium Telluride Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Copper Indium Gallium Selenide (CIGS) Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Copper Indium Gallium Selenide (CIGS) Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Amorphous Silicon (A-SI) Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Amorphous Silicon (A-SI) Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Perovskite Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Perovskite Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Organic PV Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Organic PV Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Copper Zinc Tin Sulfide (CZTS) Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Copper Zinc Tin Sulfide (CZTS) Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Quantum Dot Thin Film Solar Cells & All-Silicon Tandem Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Quantum Dot Thin Film Solar Cells & All-Silicon Tandem Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 28 North America Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 29 North America Utilities Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Utilities Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Commercial & Industrial Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Commercial & Industrial Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Residential Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Residential Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Thin-Film Photovoltaic Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Thin-Film Photovoltaic Market by Country, 2023 - 2030, USD Million
TABLE 37 US Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 38 US Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 39 US Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 40 US Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 41 US Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 42 US Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 43 US Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 44 US Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 45 Canada Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 46 Canada Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 47 Canada Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 48 Canada Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 49 Canada Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 50 Canada Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 51 Canada Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 52 Canada Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 53 Mexico Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 54 Mexico Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 55 Mexico Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 56 Mexico Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 57 Mexico Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 58 Mexico Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 59 Mexico Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 60 Mexico Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 61 Rest of North America Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 62 Rest of North America Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 63 Rest of North America Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 64 Rest of North America Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 65 Rest of North America Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 66 Rest of North America Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 67 Rest of North America Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 68 Rest of North America Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 69 Key Information – Kyocera Corporation
TABLE 70 Key Information – Kaneka Corporation
TABLE 71 key Information – Mitsubishi Electric Corporation
TABLE 72 Key Information – Sharp Corporation
TABLE 73 Key information – Jinko Solar Holding Co., Ltd.
TABLE 74 Key Information – panasonic holdings corporation
TABLE 75 Key Information – Emeren Group Ltd.
TABLE 76 Key Information – JA SOLAR Technology Co., Ltd.
TABLE 77 Key Information – Suntech power Holdings Co Ltd.
TABLE 78 Key Information – Yingli Solar Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Thin-Film Photovoltaic Market share by Component, 2022
FIG 6 North America Thin-Film Photovoltaic Market share by Component, 2030
FIG 7 North America Thin-Film Photovoltaic Market by Component, 2019 - 2030, USD Million
FIG 8 North America Thin-Film Photovoltaic Market share by Material, 2022
FIG 9 North America Thin-Film Photovoltaic Market share by Material, 2030
FIG 10 North America Thin-Film Photovoltaic Market by Material, 2019 - 2030, USD Million
FIG 11 North America Thin-Film Photovoltaic Market share by End User, 2022
FIG 12 North America Thin-Film Photovoltaic Market share by End User, 2030
FIG 13 North America Thin-Film Photovoltaic Market by End User, 2019 - 2030, USD Million
FIG 14 North America Thin-Film Photovoltaic Market share by Country, 2022
FIG 15 North America Thin-Film Photovoltaic Market share by Country, 2030
FIG 16 North America 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.