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Next-generation Solar Cell Market Share

  • Report ID: GMI8921
  • Published Date: Apr 2024
  • Report Format: PDF

Next-generation Solar Cell Market Share

First Solar, Inc. and Ascent Solar Technologies, Inc. hold a significant share of over 20%. First Solar, Inc. is a global provider of PV solar energy solutions, with a focus on advanced thin-film solar cell technology. It has established itself as a prominent player in the solar industry, particularly in the Utilities-scale solar market.

Ascent Solar Technologies, Inc. is a U.S.-based company focused on the development and commercialization of next-generation thin-film PV solar modules. The company has proprietary flexible Copper Indium Gallium Selenide (CIGS) solar technology, which offers lightweight, durable, and flexible solar panels suitable for a variety of applications.
 

Next-generation Solar Cell Market Companies

Major players operating in the next-generation solar cell industry are:

  • First Solar, Inc.
  • Ascent Solar Technologies, Inc.
  • Oxford Photovoltaics Ltd.
  • Hanwha Group
  • Mitsubishi Corporation
  • Hanergy Thin Film Power Group
  • Heliatek
     
Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of next-generation solar cell was crossed USD 3.5 billion in 2023 and is expected to register over 19.5% CAGR from 2024-2032 owing to rising demand for energy-efficient solutions, improved conversion efficiency, and enhanced durability for maintaining long-term performance worldwide.

Next-generation solar cell industry from the on-grid segment held over 55% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to growing demand for electricity in urban areas served by established electricity grids.

Asia Pacific next-generation solar cell industry is expected to register over 21% CAGR from 2024-2032 due to growing adoption of PV modules and next-generation solar energy solutions in countries, such as China, Japan, and India in the region.

First Solar, Inc., Ascent Solar Technologies, Inc., Oxford Photovoltaics Ltd., Hanwha Group, Mitsubishi Corporation, Hanergy Thin Film Power Group, and Heliatek, are some of the major next-generation solar cell companies worldwide.

Next-generation Solar Cell Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 250
  • Countries covered: 21
  • Pages: 220
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