Global CdTe Thin Film Solar Cell market will reach 11900 million US$ by the end of 2025

Global CdTe Thin Film Solar Cell market will reach 11900 million US$ by the end of 2025 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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QYResearch • Thin film solar cells refer to the fact that these types of solar cells use a much thinner level of photovoltaic material than mono-crystalline or multi-crystalline solar cells. The thin-film solar cells are made by depositing one or more thin layers, or thin film (TF) of photovoltaic material on a substrate, such as glass, plastic or metal. Thin-film solar cells are commercially used in several technologies, including cadmium telluride (CdTe), copper indium gallium diselenide (CIGS), and amorphous thin-film silicon (a-Si, TF-Si).

QYR

• Currently, the CdTe Thin Film Solar Cell market was dominated by First Solar, which holds over 95% global shipments of this type of thin film solar cell. Over the past years, there are dozens of enterprises had tried to enter this market (such as Abound Solar, PrimeStar Solar/GE Energy, Solexant, Canrom Photovoltaics, Bloo Solar and ARENDI SRL), but most of them failed. • Recent years, the sales of CdTe Thin Film Solar Cell industry are largely affected by the world economy. To the technology, the China market has a certain development space, but the popular Inverter in China made CdTe Thin Film Solar Cell market suffers greater pressure.

QYR

• About the cost, the CdTe Thin Film Solar Cell cost is under 1 $/W, which will help the market development and competition with other technology of solar cell. • Finally, CdTe Thin Film Solar Cell is an oligopoly market; the tech and fund barrier to enter into this market is quite high.

QYR

The global CdTe Thin Film Solar Cell market is valued at 3070 million US$ in 2017 and will reach 11900 million US$ by the end of 2025, growing at a CAGR of 18.4% during 2018-2025.

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