Thin-Film Photovoltaic Companies

The thin-film photovoltaic market is projected to grow from USD 6.2 billion in 2024 and is expected to reach USD 12.4 billion by 2029, growing at a CAGR of 15.1% from 2024 to 2029.

Major players in the thin-film photovoltaic market include First Solar (US), KANEKA CORPORATION (Japan),   Oxford Photovoltaics Ltd. (UK), Ascent Solar Technologies, Inc. (US), Hanwha Qcells (South Korea), SHARP CORPORATION (Japan), JA SOLAR Technology Co., Ltd. (China), MiaSole. (US), AVANCIS GmbH (Germany), and Solbian (Italy) among others. New product launches, partnerships, and acquisitions were the key strategies adopted by the companies in the thin-film photovoltaic market ecosystem to enhance their product portfolios, and expand their presence in the thin-film photovoltaic market.

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Major Thin-Film Photovoltaic companies include:

• KANEKA CORPORATION (Japan)
• First Solar (US)
• Ascent Solar Technologies, Inc. (US)
• Hanwha Qcells (South Korea)
• Oxford Photovoltaics Ltd. (UK)
• SHARP CORPORATION (Japan)
• JA SOLAR Technology Co., Ltd. (China)
• AVANCIS GmbH (Germany)
• MiaSole (US)
• Solbian (Italy)
• SOLARA (Germany)
• Custom Solar BIPV Panels – MetSolar (Lithuania)
• Enecom S.r.l. (Italy)
• TRONY  (China)
• NanoPV Solar Inc. (New Jersey)
• QS SOLAR (China)
• Heliatek (Germany)
• Wuxi Suntech Power Co., Ltd. (China)
• Jinko Solar (China)
• Trinasolar (China)
• Panasonic Holdings Corporation (Japan)
• Sol Voltaics (Sweden)
• Tandem PV, Inc. (US)
• SOLAR FRONTIER K.K. (Japan)
• and REC Solar Holdings AS (Norway)

In April 2024,  Oxford Photovoltaics Ltd (UK) joined as a member of the Ultra Low-Carbon Solar Alliance (ULCSA) in order to gain knowledge about product design needs and regulations, specifically in the US, for their upcoming tandem solar technology.

For instance, in March 2023, KANEKA CORPORATION (Japan) collaborated with the Tokyo Bureau of Environment to start power generation under the Renewable Energy Visualization Model Project for Tokyo-owned Facilities.

First Solar (US) designs, manufactures, markets, and distributes photovoltaic (PV) solar power systems and modules. The company operates through two segments: Modules and Others. The Modules segment designs, manufactures, and sells Cadmium Telluride (CdTe) solar modules. Through this segment the company also offers PV systems. The company offers photovoltaic modules, namely Series 6 and Series 6 Plus. First Solar also provides recycling solutions for photovoltaic power plants and module owners through its recycling facilities, which are available at its manufacturing plants in the US, Malaysia, Vietnam, and Germany. The company majorly sells its solar modules to integrators and operators of systems in North America and Europe. Some of its major customers are Cypress Creek Renewables (US), Longroad Energy (US), and NextEra Energy (US). The company has a major presence in North America, Europe, and Asia Pacific. Its subsidiaries include First Solar GmbH (Germany), First Solar Malaysia Sdn. Bhd., First Solar Power India (P) Ltd., and First Solar France Manufacturing SAS.

 KANEKA CORPORATION is a multinational Japanese company engaged in production and distribution a variety of products including chemicals, plastics, food items, pharmaceuticals, and renewable energy solutions globally through its subsidiaries and affiliates. The company is divided into the material solutions unit, quality of life solutions unit, healthcare solutions unit, and nutrition solutions unit. The company focuses on providing PV solutions, specifically solar panels and associated materials. The company mainly focuses on producing CIGS thin-film solar panels that are generally recognized for their effective and adaptable material. KANEKA CORPORATION s CIGS solar modules provide improved effectiveness in dim environments, as well as a light-weight structure. The company showcases its global reach through its manufacturing facilities, sales offices, and research centers spread across the globe.

Related Reports:

Thin-Film Photovoltaic Market by Material (Cadmium Telluride, Copper Indium Gallium Selenide, Amorphous Silicon, Perovskite, and Organic PV), Type (Rigid, and Flexible), Component (Module, Inverter, and BOS), End Use & Region - Global Forecast to 2029

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