The Europe Thin-Film Photovoltaic Market would witness market growth of 15.4% CAGR during the forecast period (2023-2030).
The development of the market is expected to be positively impacted by favourable regulations that encourage the use of renewable energy as the main energy source in the near future, combined with ongoing research and development to reduce costs. In order to reduce national GHG emissions as well as implement low-carbon technology, several governments are putting out policies.
The market is expected to grow due to the increased integration of intelligent and energy-efficient buildings and growing consumer awareness of the need to meet rising energy demand. Thin-film photovoltaic technologies, including those based on amorphous silicon (a-Si), cadmium telluride (CdTe), and copper indium gallium selenide (CIGS), are now cost-competitive with those based on conventional silicon. For large-scale solar installations, thin-film modules are a desirable option since they use fewer raw materials, are simpler to make, and have lower production costs.
In the coming years, Europe's expansion of renewable electricity will double as security of energy issues go hand in hand with climatic goals, according to the International Energy Agency (IEA). There has been a significant (by 30%) increase in the projection for European Union (EU) growth, with Germany and Spain leading the way. Germany has shortened the time it takes to obtain permits while raising its goals for renewable electricity production, increasing auction volumes, and improving distributed PV compensation. Thus, the significant government support provided to the renewable energy sector through these initiatives and policies will propel the expansion of the regional market.
The Germany market dominated the Europe Thin-Film Photovoltaic Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $863.1 million by 2030. The UK market is anticipated to grow at a CAGR of 14.3% during (2023 - 2030). Additionally, The France market would witness a CAGR of 16.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 2 Europe Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 3 Europe Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 4 Europe Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 5 Europe Module Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Module Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Inverter Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Inverter Market by Country, 2023 - 2030, USD Million
TABLE 9 Europe Balance of System (BOS) Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Balance of System (BOS) Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 12 Europe Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 13 Europe Cadmium Telluride Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Cadmium Telluride Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Copper Indium Gallium Selenide (CIGS) Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Copper Indium Gallium Selenide (CIGS) Market by Country, 2023 - 2030, USD Million
TABLE 17 Europe Amorphous Silicon (A-SI) Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Amorphous Silicon (A-SI) Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Perovskite Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Perovskite Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe Organic PV Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Organic PV Market by Country, 2023 - 2030, USD Million
TABLE 23 Europe Copper Zinc Tin Sulfide (CZTS) Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Copper Zinc Tin Sulfide (CZTS) Market by Country, 2023 - 2030, USD Million
TABLE 25 Europe Quantum Dot Thin Film Solar Cells & All-Silicon Tandem Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Quantum Dot Thin Film Solar Cells & All-Silicon Tandem Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 28 Europe Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 29 Europe Utilities Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Utilities Market by Country, 2023 - 2030, USD Million
TABLE 31 Europe Commercial & Industrial Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe Commercial & Industrial Market by Country, 2023 - 2030, USD Million
TABLE 33 Europe Residential Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Residential Market by Country, 2023 - 2030, USD Million
TABLE 35 Europe Thin-Film Photovoltaic Market by Country, 2019 - 2022, USD Million
TABLE 36 Europe Thin-Film Photovoltaic Market by Country, 2023 - 2030, USD Million
TABLE 37 Germany Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 38 Germany Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 39 Germany Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 40 Germany Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 41 Germany Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 42 Germany Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 43 Germany Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 44 Germany Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 45 UK Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 46 UK Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 47 UK Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 48 UK Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 49 UK Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 50 UK Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 51 UK Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 52 UK Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 53 France Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 54 France Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 55 France Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 56 France Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 57 France Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 58 France Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 59 France Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 60 France Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 61 Russia Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 62 Russia Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 63 Russia Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 64 Russia Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 65 Russia Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 66 Russia Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 67 Russia Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 68 Russia Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 69 Spain Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 70 Spain Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 71 Spain Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 72 Spain Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 73 Spain Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 74 Spain Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 75 Spain Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 76 Spain Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 77 Italy Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 78 Italy Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 79 Italy Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 80 Italy Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 81 Italy Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 82 Italy Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 83 Italy Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 84 Italy Thin-Film Photovoltaic Market by End User, 2023 - 2030, USD Million
TABLE 85 Rest of Europe Thin-Film Photovoltaic Market, 2019 - 2022, USD Million
TABLE 86 Rest of Europe Thin-Film Photovoltaic Market, 2023 - 2030, USD Million
TABLE 87 Rest of Europe Thin-Film Photovoltaic Market by Component, 2019 - 2022, USD Million
TABLE 88 Rest of Europe Thin-Film Photovoltaic Market by Component, 2023 - 2030, USD Million
TABLE 89 Rest of Europe Thin-Film Photovoltaic Market by Material, 2019 - 2022, USD Million
TABLE 90 Rest of Europe Thin-Film Photovoltaic Market by Material, 2023 - 2030, USD Million
TABLE 91 Rest of Europe Thin-Film Photovoltaic Market by End User, 2019 - 2022, USD Million
TABLE 92 Rest of Europe 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 Europe 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 Europe Thin-Film Photovoltaic Market share by Component, 2022
FIG 6 Europe Thin-Film Photovoltaic Market share by Component, 2030
FIG 7 Europe Thin-Film Photovoltaic Market by Component, 2019 - 2030, USD Million
FIG 8 Europe Thin-Film Photovoltaic Market share by Material, 2022
FIG 9 Europe Thin-Film Photovoltaic Market share by Material, 2030
FIG 10 Europe Thin-Film Photovoltaic Market by Material, 2019 - 2030, USD Million
FIG 11 Europe Thin-Film Photovoltaic Market share by End User, 2022
FIG 12 Europe Thin-Film Photovoltaic Market share by End User, 2030
FIG 13 Europe Thin-Film Photovoltaic Market by End User, 2019 - 2030, USD Million
FIG 14 Europe Thin-Film Photovoltaic Market share by Country, 2022
FIG 15 Europe Thin-Film Photovoltaic Market share by Country, 2030
FIG 16 Europe 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.