Global Thin Film Photovoltaic Modules Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

• In May 2023, First Solar, Inc. acquired Evolar AB, a European leader in perovskite technology. The purchase price is approximately $38 million paid at closing and up to an additional $42 million to be paid subject to certain technical milestones being achieved in the future.

• In March 2023, Kaneka Corporation and Taisei Corporation has collaborated with the Tokyo Bureau of Environment, to start power generation under the "Renewable Energy Visualization Model Project for Tokyo-owned Facilities (Building-integrated Photovoltaic [BIPV] Power Generation Equipment)

• In April 2023, Ascent Solar Technologies acquired Flisom AG’s Zurich equipment, establishing a new revenue stream, 300% more manufacturing capacity, and an international presence as European and Asian governments adopt legislation to increase solar energy production & domestic manufacturing capabilities.

Copper Indium Gallium Selenide (CIGS) thin film photovoltaic modules are renowned for their high efficiency and stability. This technology utilizes a thin layer of semiconductor material composed of copper, indium, gallium, and selenium deposited on a substrate during manufacturing. CIGS modules excel in converting sunlight into electricity efficiently and are well-suited for both rooftop and utility-scale applications where space efficiency and high performance are critical. The flexibility and durability of CIGS modules make them suitable for integration into various architectural designs, including building-integrated photovoltaics (BIPV), enhancing their appeal in urban environments and commercial installations.

Amorphous Silicon (a-Si) thin film photovoltaic modules are recognized for their flexibility and ease of manufacturing. These modules consist of non-crystalline silicon deposited in thin layers on flexible substrates such as glass, plastic, or metal. Amorphous silicon modules are particularly versatile, allowing for lightweight and adaptable solar solutions that can be integrated into curved surfaces and portable applications. While typically less efficient than CIGS or crystalline silicon modules, a-Si modules offer cost advantages and better performance in diffuse light conditions, making them suitable for rooftop installations, consumer electronics, and off-grid solar applications.

Cadmium Telluride (CdTe) thin film photovoltaic modules are notable for their cost-effectiveness and high efficiency in converting sunlight into electricity. These modules feature thin layers of cadmium telluride semiconductor material deposited on glass substrates during manufacturing. CdTe technology has achieved competitive efficiencies comparable to traditional crystalline silicon modules while benefiting from lower production costs and faster manufacturing processes. This makes CdTe modules ideal for utility-scale solar projects where cost per watt is a crucial consideration. Their robust performance in hot and humid climates further enhances their suitability for large-scale solar installations, contributing to their growing adoption in the global solar energy market.

Global Thin Film Photovoltaic Modules Segment Analysis

In this report, the Global Thin Film Photovoltaic Modules Market has been segmented by Type, Material and Geography.

Global Thin Film Photovoltaic Modules Market, Segmentation by Type

The Global Thin Film Photovoltaic Modules Market has been segmented by Type into Copper indium gallium selenide (CIGS), Amorphous silicon (a-Si) and Cadmium telluride (CdTe).

Copper Indium Gallium Selenide (CIGS) stands out among these types for its high efficiency and stability in converting sunlight into electricity. CIGS modules are fabricated using a thin layer of semiconductor material composed of copper, indium, gallium, and selenium deposited on substrates during manufacturing. This technology excels in both rooftop and utility-scale applications due to its space efficiency and robust performance in varying light conditions. Its flexibility also allows integration into building-integrated photovoltaics (BIPV), making it a favored choice for architectural applications where aesthetics and functionality converge.

Amorphous Silicon (a-Si) thin film photovoltaic modules represent another significant segment, known for their flexibility and ease of manufacturing. These modules utilize non crystalline silicon deposited in thin layers on flexible substrates such as glass, plastic, or metal. While generally exhibiting lower efficiency compared to CIGS or crystalline silicon modules, a-Si modules offer advantages in cost-effectiveness, especially in applications requiring lightweight and adaptable solar solutions. They are well-suited for rooftop installations, consumer electronics, and portable solar chargers where space and weight considerations are paramount.Cadmium Telluride (CdTe) thin film photovoltaic modules constitute another segment known for their cost competitiveness and efficiency. These modules consist of thin layers of cadmium telluride semiconductor material deposited on glass substrates during production. CdTe technology has achieved efficiencies comparable to traditional crystalline silicon modules while benefiting from lower manufacturing costs and faster production times. This makes CdTe modules ideal for utility-scale solar projects where cost per watt is a critical factor. Their robust performance in hot and humid climates further enhances their suitability for large-scale solar installations, contributing to their increasing adoption worldwide.

Global Thin Film Photovoltaic Modules Market, Segmentation by Material

The Global Thin Film Photovoltaic Modules Market has been segmented by Material into Building-Integrated Photovoltaics (BIPV), Roof top applications, Utility scale applications and Others.

Building-Integrated Photovoltaics (BIPV) refer to thin film photovoltaic modules specifically designed for integration into building structures, such as roofs, facades, and windows. These modules are engineered to blend seamlessly with architectural designs while generating electricity from sunlight. BIPV systems not only contribute to energy generation but also enhance building aesthetics and energy efficiency, making them increasingly popular in urban environments and sustainable construction projects.Rooftop applications encompass thin film photovoltaic modules installed on residential, commercial, and industrial rooftops to harness solar energy for on-site electricity generation. These modules are typically mounted on existing rooftops using various mounting systems and are tailored to optimize energy output based on available roof space and sunlight exposure. Rooftop installations offer flexibility in scale and deployment, providing homeowners and businesses with a cost-effective means to offset electricity consumption and reduce carbon footprints.Utility-scale applications involve large-scale deployment of thin film photovoltaic modules in solar farms and power plants. These modules are designed to generate significant amounts of electricity for grid-connected systems, supplying renewable energy to utilities and communities on a massive scale. Utility-scale installations benefit from economies of scale, leveraging large land areas and optimized system configurations to achieve cost-effective electricity production and meet growing energy demands sustainably.The "others" category encompasses diverse applications and niches within the thin film photovoltaic modules market, including portable solar chargers, solar-powered vehicles, and off-grid solar installations. These applications leverage the flexibility and lightweight nature of thin film modules to provide decentralized energy solutions in remote areas or mobile settings where traditional electricity infrastructure may be limited or unavailable.

Global Thin Film Photovoltaic Modules Market, Segmentation by Geography

In this report, the Global Thin Film Photovoltaic Modules Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Thin Film Photovoltaic Modules Market Share (%), by Geographical Region, 2024

North America is a significant market driven by supportive government policies, technological advancements, and increasing environmental awareness. The United States leads in solar installations, with states like California and Texas spearheading utility-scale projects and residential rooftop deployments. The region benefits from incentives such as investment tax credits and net metering, fostering a favorable environment for solar energy investments and innovation in thin film photovoltaic technologies.Europe follows closely with stringent renewable energy targets and robust regulatory frameworks promoting solar energy adoption. Countries like Germany, Spain, and Italy are prominent markets for both crystalline silicon and thin film photovoltaic modules. Europe's emphasis on sustainable development and building-integrated photovoltaics (BIPV) further drives market growth, with advancements in technology supporting applications in urban environments and architectural designs.

Asia Pacific emerges as a rapidly expanding market fueled by rapid industrialization, urbanization, and energy demand. China, Japan, and India are key players in the region, investing heavily in solar infrastructure and promoting renewable energy through policies and incentives. Asia Pacific leads in manufacturing capabilities for solar components, including thin film photovoltaic modules, driving economies of scale and cost competitiveness in global markets.Latin America and the Middle East & Africa regions present growing opportunities for thin film photovoltaic modules, driven by abundant solar resources and rising energy demand. Countries like Chile, South Africa, and the United Arab Emirates are investing in utility-scale solar projects and off-grid solutions to diversify their energy mix and enhance energy security. Government incentives and supportive policies are pivotal in accelerating solar energy adoption across these regions.

This report provides an in depth analysis of various factors that impact the dynamics of Global Thin Film Photovoltaic Modules Market. These factors include; Market Drivers, Restraints and Opportunities Analysis

Drivers, Restraints and Opportunities Analysis

Drivers :

• Flexibility
• Cost-effectiveness

• Lightweight - The attribute of lightweight construction in thin film photovoltaic (PV) modules is a significant advantage that distinguishes them from traditional crystalline silicon solar panels. These modules are engineered to be thin and flexible, using materials such as amorphous silicon (a-Si), cadmium telluride (CdTe), and copper indium gallium selenide (CIGS) deposited on flexible substrates like plastic or metal. This design enables them to achieve a much lower weight profile compared to their rigid counterparts, which are typically heavier due to their thicker glass and metal frames.The lightweight nature of thin film PV modules offers several practical benefits across various applications. Firstly, it simplifies transportation and installation processes, reducing logistical challenges and costs associated with handling and shipping. In scenarios where access to remote or difficult terrain is required, such as in rural electrification projects or off-grid installations, the ease of transport and installation becomes a critical advantage.

  The flexibility of thin film PV modules allows them to be integrated into unconventional surfaces and structures where traditional solar panels cannot be easily installed. This includes curved roofs, irregular building facades, and even portable applications like solar-powered vehicles or backpacks. The ability to conform to diverse shapes and surfaces enhances their versatility in both architectural and consumer applications, expanding the potential for solar energy generation in urban environments and beyond.The lightweight design contributes to cost savings during installation and maintenance. With reduced structural requirements and simpler mounting systems, thin film PV modules can be installed more quickly and at lower labor costs compared to heavier alternatives. This makes them particularly appealing for residential rooftop installations and small-scale solar projects where budget constraints are a consideration.

Restraints :

• Lower efficiency compared to crystalline silicon
• Technological scalability challenges

• Variability in performance under different environmental conditions - The variability in performance of thin film photovoltaic (PV) modules under different environmental conditions is an important consideration that impacts their efficiency and reliability in solar energy generation. Several factors contribute to this variability, influencing how these modules perform in diverse climates and operational settings.One significant environmental factor affecting thin film PV module performance is sunlight intensity and spectrum. Different regions experience varying levels of solar irradiance throughout the year due to factors like latitude, altitude, and weather patterns. Thin film PV modules may exhibit fluctuations in electricity output based on these variations, which can affect their overall energy yield. Understanding and optimizing module design and placement to maximize exposure to sunlight under local conditions is crucial for achieving optimal performance.

  Temperature variations also play a critical role in thin film PV module performance. Like all solar technologies, the efficiency of thin film modules decreases as temperatures rise above optimal operating conditions. High temperatures can lead to increased resistance within the semiconductor materials, reducing the voltage output and overall efficiency of the modules. Conversely, cooler temperatures can enhance performance, although extreme cold can also affect module flexibility and durability. Managing temperature effects through proper ventilation, cooling systems, or selecting modules with higher temperature coefficients helps mitigate performance variability in different climatic conditions.Humidity and moisture levels present another challenge for thin film PV modules, particularly those using materials sensitive to moisture ingress, such as amorphous silicon (a-Si). Excessive humidity or prolonged exposure to moisture can degrade module performance over time, affecting both efficiency and longevity. Robust module encapsulation and sealing techniques are essential to protect against environmental factors and ensure sustained performance under humid conditions.Environmental factors such as dust, pollutants, and shading can impact the performance of thin film PV modules by reducing the amount of sunlight reaching the active semiconductor layers. Dust accumulation on module surfaces, in particular, can create shading effects that diminish energy production. Regular maintenance and cleaning protocols are necessary to minimize these impacts and maintain peak performance levels.

Opportunities :

• Emerging markets with high solar potential
• Advancements in tandem and multi-junction technologies

• Integration with building-integrated photovoltaics (BIPV) - Integration with building-integrated photovoltaics (BIPV) represents a significant opportunity for thin film photovoltaic (PV) modules to contribute to sustainable building practices and urban energy solutions. BIPV involves seamlessly incorporating solar energy generation into the design and construction of buildings, replacing or complementing traditional building materials such as glass facades, roofing materials, or windows with solar panels.Thin film PV modules are particularly well-suited for BIPV applications due to their lightweight and flexible nature. These modules can be integrated into various building elements without requiring extensive structural modifications or additional support systems. For instance, thin film modules can be applied directly onto building facades as cladding materials or integrated into roofing systems, providing dual functionality as both building envelope components and electricity generators.

  The integration of thin film PV modules with BIPV offers several advantages. Firstly, it enhances building aesthetics by seamlessly blending solar energy generation with architectural design, promoting visually appealing and sustainable building solutions. BIPV installations can enhance the overall energy efficiency of buildings by reducing reliance on grid-supplied electricity, thereby lowering operational costs and carbon footprints.BIPV installations using thin film PV modules contribute to energy self-sufficiency and resilience for buildings, particularly in urban areas where space for traditional solar panel arrays may be limited. By utilizing underutilized building surfaces for electricity generation, BIPV helps optimize land use and maximize solar energy capture within dense urban environments.In addition to environmental and economic benefits, integrating thin film PV modules with BIPV can also support regulatory compliance and green building certifications, such as LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method). These certifications recognize sustainable building practices and promote the adoption of renewable energy technologies as integral components of modern building design and construction.

Key players in Global Thin Film Photovoltaic Modules Market include :

• First Solar
• Solar Frontier (Japan)
• Kaneka Corporation (Japan)
• Moser Baer Solar Limited
• SUNERG Solar s.r.l. (Italy,
• Bosch Solar Thin Film GmbH
• NanoPV technologies Inc.
• Calyxo GmbH
• HHV Solar (India)
• Solibro GmbH
• Sulfurcell Solartechnik GmbH

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis