CIGS (Copper Indium Gallium Selenide) Thin Film Solar Panel Market: Overview

Copper indium gallium selenide (CIGS) solar cell comprises a thin film of solar cell that transforms sunlight into electrical power. It is produced by depositing a small layer of indium, copper, selenide and gallium on plastic or glass back, with electrodes in front and back to collect the current. The material has high absorption coefficient and absorbs sunlight effectively. There are three mainstream thin film technologies based on cadmium telluride, copper indium gallium selenide, and amorphous silicon. CIGS is flexible, akin to other thin film photovoltaic technologies. This helps it to get placed on a flexible substrate.

CIGS (Copper Indium Gallium Selenide) thin film solar panel offers the highest efficiency among the thin photovoltaic (PV) technologies. It yields the highest energy at various light situations. The flexible element offers low weight per area roof and low weight per power generated. The flexible module is durable and unbreakable. However, the production cost of CIGS (Copper Indium Gallium Selenide) thin film solar panel is comparatively high.

CIGS (Copper Indium Gallium Selenide) Thin Film Solar Panel Market: Key Segments

The CIGS (Copper Indium Gallium Selenide) thin film solar panel market can be segmented based on thickness, deposition technology, end-use, and region. In terms of thickness, the CIGS (Copper Indium Gallium Selenide) thin film solar panel market can be classified into thickness 1-2 (micro meters) mm, 2-3 mm, and 3-4 mm. Based on deposition technology, the CIGS (Copper Indium Gallium Selenide) thin film solar panel market can be segregated into chemical vapor deposition, electrospray deposition, film, production, and co-evaporation. Chemical vapor deposition (CVD) is executed in a number of ways for deposition of CIGS. The CVD process consists of plasma enhanced chemical vapor deposition (PECVD), low pressure metal organic chemical vapor deposition (MOCVD), and aerosol assisted MOCVD. CVD has less efficiency and rough film surface. Electrospray deposition technique comprises electric field-aided spraying of ink containing CIGS nanoparticle onto the substrate and then sintering in an unreactive environment. The process takes place at room temperature. It can be linked with any mass or continuous production system.

The film production deposition technique is vacuum based process. Copper, gallium, and indium is co-evaporated or co-sputtered at room temperature and the resultant film is annealed with selenide vapor. The co-evaporation deposition method is the most accepted CIGS fabrication technique, which involves deposition of CIGS bilayer onto a heated substrate and enables them to intermix.

In terms of end-use, the global CIGS (Copper Indium Gallium Selenide) thin film solar panel  market can be divided into automotive, electronics & electrical, energy & power, and others. CIGS (Copper Indium Gallium Selenide) thin film solar panel be fitted on the top of vehicles, so that when the vehicle idles, it can cool or heat the vehicle and power some other accessories. In energy & power, the CIGS (Copper Indium Gallium Selenide) thin film solar panels can be used to generate energy and store it in batteries or supply it directly to the main grid.

CIGS (Copper Indium Gallium Selenide) Thin Film Solar Panel Market: Regional Outlook

Based on region, the global CIGS (Copper Indium Gallium Selenide) thin film solar panel market can be segregated into North America, Europe, Latin America, Middle East & Africa, and Asia Pacific. North America is projected to lead the global CIGS (Copper Indium Gallium Selenide) thin film solar panel market during the forecast period, followed by Europe. The CIGS (Copper Indium Gallium Selenide) thin film solar panel market in Asia Pacific is likely to expand at a rapid pace during the forecast period. Latin America and Middle East & Africa are anticipated to hold moderate share of the global CIGS (Copper Indium Gallium Selenide) thin film solar panel market during the forecast period.

CIGS (Copper Indium Gallium Selenide) Thin Film Solar Panel Market: Key Players

Key players operating in the global CIGS (Copper Indium Gallium Selenide) thin film solar panel market are Trina Solar, Tata Power Solar Systems Ltd., Suniva Inc, SolarWorld Americas Inc, Pionis Energy Technologies, LLC, Jinko Solar., ALPS Technology Inc, and Silfab Solar Inc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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