Next-generation Solar Cell Market

Next-generation Solar Cell Market (Material Type: Second-generation and Third-generation; and Deployment: On-grid and Off-grid) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Global Next-generation Solar Cell Market Outlook 2031

  • The global industry was valued at US$ 2.4 Bn in 2022
  • It is estimated to advance at a CAGR of 21.7% from 2023 to 2031 and reach US$ 14.2 Bn by the end of 2031

Analysts’ Viewpoint on Market Scenario

Increase in concerns regarding climate change and rise in focus on reducing carbon emissions are projected to propel the next-generation solar cell market size in the next few years. Many countries and organizations are setting ambitious carbon emission targets and renewable energy goals to achieve their sustainability goals, which are projected to boost adoption of solar energy.

Advancements in solar cell technologies are likely to offer lucrative opportunities to vendors in the global next-generation solar cell industry. These advancements are focused on making solar energy more economically viable and attractive to a broader range of consumers and industries. Vendors are investing in the R&D of high-efficiency perovskite solar cells to expand their product portfolio and increase their next-generation solar cell market share.

Next Generation Solar Cell Market

Market Introduction

Solar cells, also known as photovoltaic (PV) cells, are semiconductor devices that convert sunlight directly into electricity through the photovoltaic effect. When sunlight (photons) strikes the surface of a solar cell, it excites electrons in the semiconductor material, creating an electric current. This electrical energy can be used to power various devices or be fed into the electrical grid.

Solar cells are the fundamental building blocks of solar panels, which are commonly used to capture and harness solar energy for residential, commercial, and industrial applications. Multiple solar cells are interconnected to form a solar module or panel. These panels can be combined to create larger solar arrays. Next-generation solar cells are developed to overcome limitations and improve the efficiency, performance, and cost-effectiveness of traditional solar cells.

Increase in Demand for High-efficiency PV Cells Fueling Next-generation Solar Cell Market Development

Rise in transition toward clean and renewable energy sources is prompting improvement in the performance and cost-effectiveness of third-generation solar cells. As solar energy becomes a mainstream energy source, cost competitiveness becomes crucial for its widespread adoption. Improving the efficiency and reducing the manufacturing costs of solar cells helps make solar energy more economically viable and competitive with conventional energy sources. Thus, surge in demand for high-efficiency and economically viable thin-film solar cells is propelling the next-generation solar cell market value.

Researchers and next-generation solar cell companies across the globe are continuously striving to push the boundaries of solar cell efficiency, making use of novel materials and advanced manufacturing techniques. Oxford PV, an Oxford University spin-off company in the field of perovskite photovoltaics and solar cells, is focusing on the commercial release of its perovskite-on-silicon tandem cell. The company anticipates achieving an impressive conversion efficiency of 27% and an energy yield of 24%. This is a significant improvement compared to the energy yield of approximately 20%-22% offered by most silicon panels currently available in the market. Hence, adoption of novel materials and advanced manufacturing techniques is estimated to spur the next-generation solar cell market growth in the next few years.

Surge in Investment in Renewable Energy

Governments and organizations worldwide are setting higher renewable energy targets and prioritizing the transition to cleaner energy sources. Solar technologies that can generate more electricity from sunlight, improve overall efficiency, and reduce the cost per watt can help meet these ambitious renewable energy goals. Hence, governments and organizations worldwide are investing in renewable energy technologies. This, in turn, is fueling the next-generation solar cell market expansion.

Availability of new funding mechanisms is further supporting the growth in adoption of next-generation solar cells. These funding options provide financial incentives, stability, and reduced risk for investors and project developers, making it easier to secure financing for research, manufacturing, and deployment of advanced solar technologies.

In 2022, the U.S. introduced the Inflation Reduction Act (IRA), which included substantial new funding for solar photovoltaic (PV) projects. The act introduced investment and production tax credits, providing a substantial boost to the expansion of PV capacity and the supply chain in the country. These incentives are expected to augment investment in solar PV projects and help increase the next-generation solar cell market revenue in the U.S.

High Adoption of Perovskite PV Cells

Perovskite PV cells are poised to generate new opportunities in the next-generation solar cell market. Perovskite solar cells have garnered significant interest in recent years due to their exceptional light-absorbing properties and potential for high conversion efficiencies. These cells can be processed using low-temperature techniques, reducing manufacturing costs compared to silicon-based cells. This cost advantage opens up opportunities for affordable solar power solutions, making renewable energy more accessible to a broader range of consumers.

Perovskite solar cells can be combined with other solar cell materials, such as silicon, to form tandem solar cells. This tandem approach allows for improved light absorption and energy conversion, leading to higher overall efficiency. Perovskite solar cells can be fabricated using earth-abundant materials, making them environmentally friendly compared to some other solar cell technologies.

Inorganics, such as crystalline silicon, polycrystalline silicon (poly-Si), cadmium telluride, and copper indium germanium selenide, boasting power conversion efficiencies (PCE) in the range of 15–20%, are widely employed in the production of solar energy. Third-generation cells represent "emerging" technologies that are not as commercially advanced yet. These include organic photovoltaics (OPVs), copper zinc tin sulfide (CZTS), perovskite solar cells, dye-sensitized solar cells (DSSCs), and quantum dot solar cells.

Regional Outlook

According to the latest next-generation solar cell market forecast, Asia Pacific is projected to hold largest share from 2023 to 2031. Rise in population and the subsequent increase in energy demand are boosting the market dynamics of the region. China, South Korea, and Taiwan are major manufacturing hubs for solar panels.

China has outlined its intentions to accelerate the commercialization of various next-generation silicon solar cells, including TOPCon, heterojunction (HJT), and IBC, as well as perovskite and tandem solar cells. The plan aims to fast-track the development and deployment of advanced solar cell technologies in the country. Such initiatives are expected to drive market statistics in Asia Pacific in the next few years.

Implementation of renewable energy goals and policies is propelling market progress in North America. Surge in adoption of Building-integrated Photovoltaics (BIPV) to improve energy efficiency in buildings is fueling the market trajectory in Europe. Flexible and lightweight next-generation solar cells can be integrated into building materials, providing new architectural opportunities.

Analysis of Key Players

Next-generation solar cell manufacturers are adopting various strategies to strengthen their position in the industry. They are expanding their manufacturing capabilities to cater to a larger customer base and maintain a competitive edge in the market. Vendors are subcontracting and forming strategic partnerships with other companies to outsource certain aspects of their operations in order to enhance their efficiency, reduce costs, and access specialized expertise.

Canadian Solar, Greatcell Energy, JA Solar, JinkoSolar Holding Co., Ltd., Jolywood, LONGi, Oxford PV, Renshine Solar, Saule Technologies, SunPower Corporation, Trina Solar, Panasonic Holdings Corporation, and ReNew Energy Global Plc are key entities operating in this industry.

Each of these players has been profiled in the next-generation solar cell market report based on factors such as financial overview, company overview, business strategies, business segments, application portfolio, and recent developments.

Key Developments

  • In 2023, Renshine Solar forged a significant partnership with a Changshu-based industrial zone in Jiangsu Province, culminating in an agreement to establish a state-of-the-art 150 MW perovskite module production facility. The project is on track to completion during the third quarter of 2023.
  • In May 2023, First Solar acquired Evolar AB to gain expertise and experience with thin-film perovskite materials
  • In 2022, Hanwha Qcells and a group of European research institutes announced to work jointly to advance tandem technology via the PEPPERONI consortium. The four-year R&D project received EUR 14.5 Mn in funding from the EU.
  • In 2021, JinkoSolar Holding Co., Ltd. launched a new series of ultra-efficient 2021 Flagship Tiger Neo modules

Market Snapshot

Attribute Detail

Market Value in 2022

US$ 2.4 Bn

Market Forecast Value in 2031

US$ 14.2 Bn

Growth Rate (CAGR)

21.7%

Forecast Period

2023-2031

Historical Data Available for

2017-2022

Quantitative Units

US$ Bn for Value and GW for Volume

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2022)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Material Type
    • Second-generation
      • Amorphous Silicon (a-Si)
      • Microcrystalline Silicon (μc-Si)
      • Cadmium Telluride / Cadmium Sulfide (CdTe/CdS)
      • Copper Indium Gallium Selenide (CIGS)
    • Third-generation
      • DSSC PV
      • Organic Photovoltaic (OPV)
      • Quantum Dot (QD) PV
      • Perovskite PV
      • GaAs / GaInP
      • Inorganics-in-Organics
      • Tandem Solar Cells
  • Deployment
    • On-grid
    • Off-grid
  • Application
    • Residential
    • Commercial
    • Utility

Regions Covered

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • U.K.
  • Germany
  • France
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • GCC
  • South Africa
  • Brazil

Companies Profiled

  • Canadian Solar
  • Greatcell Energy
  • JA Solar
  • JinkoSolar Holding Co., Ltd.
  • Jolywood
  • LONGi
  • Oxford PV
  • Renshine Solar
  • Saule Technologies
  • SunPower Corporation
  • Trina Solar
  • Panasonic Holdings Corporation
  • ReNew Energy Global Plc

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the next-generation solar cell market in 2022?

It was valued at US$ 2.4 Bn in 2022

How is the next-generation solar cell industry expected to grow during the forecast period?

It is projected to advance at a CAGR of 21.7% from 2023 to 2031

How much worth will the next-generation solar cell business be in 2031?

It is anticipated to reach US$ 14.2 Bn by the end of 2031

What are the prominent trends driving demand for next-generation solar cells?

Increase in demand for high-efficiency PV cells and surge in investment in renewable energy

Which region is likely to record the highest demand for next-generation solar cells?

Asia Pacific is projected to record the highest demand during the forecast period

Who are the prominent next-generation solar cell manufacturers?

Canadian Solar, Greatcell Energy, JA Solar, JinkoSolar Holding Co., Ltd., Jolywood, LONGi, Oxford PV, Renshine Solar, Saule Technologies, SunPower Corporation, Trina Solar, Panasonic Holdings Corporation, and ReNew Energy Global Plc

    1. Preface

        1.1. Market Introduction

        1.2. Market and Segments Definition

        1.3. Market Taxonomy

        1.4. Research Methodology

        1.5. Assumption and Acronyms

    2. Executive Summary

        2.1. Global Next-generation Solar Cell Market Overview

        2.2. Regional Outline

        2.3. Industry Outline

        2.4. Market Dynamics Snapshot

        2.5. Competition Blueprint

    3. Market Dynamics

        3.1. Macro-economic Factors

        3.2. Drivers

        3.3. Restraints

        3.4. Opportunities

        3.5. Key Trends

        3.6. Regulatory Framework

    4. Associated Industry and Key Indicator Assessment

        4.1. Parent Industry Overview - Global Solar Energy Industry Overview

        4.2. Supply Chain Analysis

        4.3. Pricing Analysis

        4.4. Technology Roadmap

        4.5. Industry SWOT Analysis

        4.6. Porter Five Forces Analysis

    5. Global Next-generation Solar Cell Market Analysis, by Material Type

        5.1. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Material Type, 2017-2031

            5.1.1. Second-generation

                5.1.1.1. Amorphous Silicon (a-Si)

                5.1.1.2. Microcrystalline Silicon (μc-Si)

                5.1.1.3. Cadmium Telluride/Cadmium Sulfide (CdTe/CdS)

                5.1.1.4. Copper Indium Gallium Selenide (CIGS)

            5.1.2. Third-generation

                5.1.2.1. DSSC PV

                5.1.2.2. Organic Photovoltaic (OPV)

                5.1.2.3. Quantum Dot (QD) PV

                5.1.2.4. Perovskite PV

                5.1.2.5. GaAs/GaInP

                5.1.2.6. Inorganics-in-Organics

                5.1.2.7. Tandem Solar Cells

        5.2. Market Attractiveness Analysis, By Material Type

    6. Global Next-generation Solar Cell Market Analysis, by Deployment

        6.1. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Deployment, 2017-2031

            6.1.1. On-grid

            6.1.2. Off-grid

        6.2. Market Attractiveness Analysis, By Deployment

    7. Global Next-generation Solar Cell Market Analysis, by Application

        7.1. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Application, 2017-2031

            7.1.1. Residential

            7.1.2. Commercial

            7.1.3. Utility

        7.2. Market Attractiveness Analysis, By Application

    8. Global Next-generation Solar Cell Market Analysis and Forecast by Region

        8.1. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Region, 2017-2031

            8.1.1. North America

            8.1.2. Europe

            8.1.3. Asia Pacific

            8.1.4. Middle East & Africa

            8.1.5. South America

        8.2. Market Attractiveness Analysis, By Region

    9. North America Next-generation Solar Cell Market Analysis and Forecast

        9.1. Market Snapshot

        9.2. Drivers and Restraints: Impact Analysis

        9.3. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Material Type, 2017-2031

            9.3.1. Second-generation

                9.3.1.1. Amorphous Silicon (a-Si)

                9.3.1.2. Microcrystalline Silicon (μc-Si)

                9.3.1.3. Cadmium Telluride/Cadmium Sulfide (CdTe/CdS)

                9.3.1.4. Copper Indium Gallium Selenide (CIGS)

            9.3.2. Third-generation

                9.3.2.1. DSSC PV

                9.3.2.2. Organic Photovoltaic (OPV)

                9.3.2.3. Quantum Dot (QD) PV

                9.3.2.4. Perovskite PV

                9.3.2.5. GaAs/GaInP

                9.3.2.6. Inorganics-in-Organics

                9.3.2.7. Tandem Solar Cells

        9.4. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Deployment, 2017-2031

            9.4.1. On-grid

            9.4.2. Off-grid

        9.5. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Application, 2017-2031

            9.5.1. Residential

            9.5.2. Commercial

            9.5.3. Utility

        9.6. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Country and Sub-region, 2017-2031

            9.6.1. U.S.

            9.6.2. Canada

            9.6.3. Rest of North America

        9.7. Market Attractiveness Analysis

            9.7.1. By Material Type

            9.7.2. By Deployment

            9.7.3. By Application

            9.7.4. By Country/Sub-region

    10. Europe Next-generation Solar Cell Market Analysis and Forecast

        10.1. Market Snapshot

        10.2. Drivers and Restraints: Impact Analysis

        10.3. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Material Type, 2017-2031

            10.3.1. Second-generation

                10.3.1.1. Amorphous Silicon (a-Si)

                10.3.1.2. Microcrystalline Silicon (μc-Si)

                10.3.1.3. Cadmium Telluride/Cadmium Sulfide (CdTe/CdS)

                10.3.1.4. Copper Indium Gallium Selenide (CIGS)

            10.3.2. Third-generation

                10.3.2.1. DSSC PV

                10.3.2.2. Organic Photovoltaic (OPV)

                10.3.2.3. Quantum Dot (QD) PV

                10.3.2.4. Perovskite PV

                10.3.2.5. GaAs/GaInP

                10.3.2.6. Inorganics-in-Organics

                10.3.2.7. Tandem Solar Cells

        10.4. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Deployment, 2017-2031

            10.4.1. On-grid

            10.4.2. Off-grid

        10.5. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Application, 2017-2031

            10.5.1. Residential

            10.5.2. Commercial

            10.5.3. Utility

        10.6. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Country and Sub-region, 2017-2031

            10.6.1. U.K.

            10.6.2. Germany

            10.6.3. France

            10.6.4. Rest of Europe

        10.7. Market Attractiveness Analysis

            10.7.1. By Material Type

            10.7.2. By Deployment

            10.7.3. By Application

            10.7.4. By Country/Sub-region

    11. Asia Pacific Next-generation Solar Cell Market Analysis and Forecast

        11.1. Market Snapshot

        11.2. Drivers and Restraints: Impact Analysis

        11.3. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Material Type, 2017-2031

            11.3.1. Second-generation

                11.3.1.1. Amorphous Silicon (a-Si)

                11.3.1.2. Microcrystalline Silicon (μc-Si)

                11.3.1.3. Cadmium Telluride/Cadmium Sulfide (CdTe/CdS)

                11.3.1.4. Copper Indium Gallium Selenide (CIGS)

            11.3.2. Third-generation

                11.3.2.1. DSSC PV

                11.3.2.2. Organic Photovoltaic (OPV)

                11.3.2.3. Quantum Dot (QD) PV

                11.3.2.4. Perovskite PV

                11.3.2.5. GaAs/GaInP

                11.3.2.6. Inorganics-in-Organics

                11.3.2.7. Tandem Solar Cells

        11.4. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Deployment, 2017-2031

            11.4.1. On-grid

            11.4.2. Off-grid

        11.5. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Application, 2017-2031

            11.5.1. Residential

            11.5.2. Commercial

            11.5.3. Utility

        11.6. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Country and Sub-region, 2017-2031

            11.6.1. China

            11.6.2. Japan

            11.6.3. India

            11.6.4. South Korea

            11.6.5. ASEAN

            11.6.6. Rest of Asia Pacific

        11.7. Market Attractiveness Analysis

            11.7.1. By Material Type

            11.7.2. By Deployment

            11.7.3. By Application

            11.7.4. By Country/Sub-region

    12. Middle East & Africa Next-generation Solar Cell Market Analysis and Forecast

        12.1. Market Snapshot

        12.2. Drivers and Restraints: Impact Analysis

        12.3. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Material Type, 2017-2031

            12.3.1. Second-generation

                12.3.1.1. Amorphous Silicon (a-Si)

                12.3.1.2. Microcrystalline Silicon (μc-Si)

                12.3.1.3. Cadmium Telluride/Cadmium Sulfide (CdTe/CdS)

                12.3.1.4. Copper Indium Gallium Selenide (CIGS)

            12.3.2. Third-generation

                12.3.2.1. DSSC PV

                12.3.2.2. Organic Photovoltaic (OPV)

                12.3.2.3. Quantum Dot (QD) PV

                12.3.2.4. Perovskite PV

                12.3.2.5. GaAs/GaInP

                12.3.2.6. Inorganics-in-Organics

                12.3.2.7. Tandem Solar Cells

        12.4. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Deployment, 2017-2031

            12.4.1. On-grid

            12.4.2. Off-grid

        12.5. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Application, 2017-2031

            12.5.1. Residential

            12.5.2. Commercial

            12.5.3. Utility

        12.6. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Country and Sub-region, 2017-2031

            12.6.1. GCC

            12.6.2. South Africa

            12.6.3. Rest of Middle East & Africa

        12.7. Market Attractiveness Analysis

            12.7.1. By Material Type

            12.7.2. By Deployment

            12.7.3. By Application

            12.7.4. By Country/Sub-region

    13. South America Next-generation Solar Cell Market Analysis and Forecast

        13.1. Market Snapshot

        13.2. Drivers and Restraints: Impact Analysis

        13.3. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Material Type, 2017-2031

            13.3.1. Second-generation

                13.3.1.1. Amorphous Silicon (a-Si)

                13.3.1.2. Microcrystalline Silicon (μc-Si)

                13.3.1.3. Cadmium Telluride/Cadmium Sulfide (CdTe/CdS)

                13.3.1.4. Copper Indium Gallium Selenide (CIGS)

            13.3.2. Third-generation

                13.3.2.1. DSSC PV

                13.3.2.2. Organic Photovoltaic (OPV)

                13.3.2.3. Quantum Dot (QD) PV

                13.3.2.4. Perovskite PV

                13.3.2.5. GaAs/GaInP

                13.3.2.6. Inorganics-in-Organics

                13.3.2.7. Tandem Solar Cells

        13.4. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Deployment, 2017-2031

            13.4.1. On-grid

            13.4.2. Off-grid

        13.5. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Application, 2017-2031

            13.5.1. Residential

            13.5.2. Commercial

            13.5.3. Utility

        13.6. Next-generation Solar Cell Market Value (US$ Bn) and Volume (GW) Analysis & Forecast, By Country and Sub-region, 2017-2031

            13.6.1. Brazil

            13.6.2. Rest of South America

        13.7. Market Attractiveness Analysis

            13.7.1. By Material Type

            13.7.2. By Deployment

            13.7.3. By Application

            13.7.4. By Country/Sub-region

    14. Competition Assessment

        14.1. Global Next-generation Solar Cell Market Competition Matrix - a Dashboard View

            14.1.1. Global Next-generation Solar Cell Market Company Share Analysis, by Value (2022)

            14.1.2. Technological Differentiator

    15. Company Profiles (Global Manufacturers/Suppliers)

        15.1. Canadian Solar

            15.1.1. Overview

            15.1.2. Product Portfolio

            15.1.3. Sales Footprint

            15.1.4. Key Subsidiaries or Distributors

            15.1.5. Strategy and Recent Developments

            15.1.6. Key Financials

        15.2. Greatcell Energy

            15.2.1. Overview

            15.2.2. Product Portfolio

            15.2.3. Sales Footprint

            15.2.4. Key Subsidiaries or Distributors

            15.2.5. Strategy and Recent Developments

            15.2.6. Key Financials

        15.3. JA Solar

            15.3.1. Overview

            15.3.2. Product Portfolio

            15.3.3. Sales Footprint

            15.3.4. Key Subsidiaries or Distributors

            15.3.5. Strategy and Recent Developments

            15.3.6. Key Financials

        15.4. JinkoSolar Holding Co., Ltd.

            15.4.1. Overview

            15.4.2. Product Portfolio

            15.4.3. Sales Footprint

            15.4.4. Key Subsidiaries or Distributors

            15.4.5. Strategy and Recent Developments

            15.4.6. Key Financials

        15.5. Jolywood

            15.5.1. Overview

            15.5.2. Product Portfolio

            15.5.3. Sales Footprint

            15.5.4. Key Subsidiaries or Distributors

            15.5.5. Strategy and Recent Developments

            15.5.6. Key Financials

        15.6. LONGi

            15.6.1. Overview

            15.6.2. Product Portfolio

            15.6.3. Sales Footprint

            15.6.4. Key Subsidiaries or Distributors

            15.6.5. Strategy and Recent Developments

            15.6.6. Key Financials

        15.7. Oxford PV

            15.7.1. Overview

            15.7.2. Product Portfolio

            15.7.3. Sales Footprint

            15.7.4. Key Subsidiaries or Distributors

            15.7.5. Strategy and Recent Developments

            15.7.6. Key Financials

        15.8. Renshine Solar

            15.8.1. Overview

            15.8.2. Product Portfolio

            15.8.3. Sales Footprint

            15.8.4. Key Subsidiaries or Distributors

            15.8.5. Strategy and Recent Developments

            15.8.6. Key Financials

        15.9. Saule Technologies

            15.9.1. Overview

            15.9.2. Product Portfolio

            15.9.3. Sales Footprint

            15.9.4. Key Subsidiaries or Distributors

            15.9.5. Strategy and Recent Developments

            15.9.6. Key Financials

        15.10. SunPower Corporation

            15.10.1. Overview

            15.10.2. Product Portfolio

            15.10.3. Sales Footprint

            15.10.4. Key Subsidiaries or Distributors

            15.10.5. Strategy and Recent Developments

            15.10.6. Key Financials

        15.11. Trina Solar

            15.11.1. Overview

            15.11.2. Product Portfolio

            15.11.3. Sales Footprint

            15.11.4. Key Subsidiaries or Distributors

            15.11.5. Strategy and Recent Developments

            15.11.6. Key Financials

        15.12. Panasonic Holdings Corporation

            15.12.1. Overview

            15.12.2. Product Portfolio

            15.12.3. Sales Footprint

            15.12.4. Key Subsidiaries or Distributors

            15.12.5. Strategy and Recent Developments

            15.12.6. Key Financials

        15.13. ReNew Energy Global Plc

            15.13.1. Overview

            15.13.2. Product Portfolio

            15.13.3. Sales Footprint

            15.13.4. Key Subsidiaries or Distributors

            15.13.5. Strategy and Recent Developments

            15.13.6. Key Financials

    16. Recommendation

        16.1. Identification of Potential Market Spaces

        16.2. Preferred Sales & Marketing Strategy

    List of Tables

    Table 1: Global Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Material Type, 2017-2031

    Table 2: Global Next-generation Solar Cell Market Volume (GW) & Forecast, by Material Type, 2017-2031

    Table 3: Global Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Deployment , 2017-2031

    Table 4: Global Next-generation Solar Cell Market Volume (GW) & Forecast, by Deployment , 2017-2031

    Table 5: Global Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Application , 2017-2031

    Table 6: Global Next-generation Solar Cell Market Volume (GW) & Forecast, by Application , 2017-2031

    Table 7: Global Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Region, 2017-2031

    Table 8: Global Next-generation Solar Cell Market Volume (GW) & Forecast, by Region, 2017-2031

    Table 9: North America Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Material Type, 2017-2031

    Table 10: North America Next-generation Solar Cell Market Volume (GW) & Forecast, by Material Type, 2017-2031

    Table 11: North America Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Deployment , 2017-2031

    Table 12: North America Next-generation Solar Cell Market Volume (GW) & Forecast, by Deployment , 2017-2031

    Table 13: North America Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Application , 2017-2031

    Table 14: North America Next-generation Solar Cell Market Volume (GW) & Forecast, by Application , 2017-2031

    Table 15: North America Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Country, 2017-2031

    Table 16: North America Next-generation Solar Cell Market Volume (GW) & Forecast, by Country, 2017-2031

    Table 17: Europe Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Material Type, 2017-2031

    Table 18: Europe Next-generation Solar Cell Market Volume (GW) & Forecast, by Material Type, 2017-2031

    Table 19: Europe Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Deployment , 2017-2031

    Table 20: Europe Next-generation Solar Cell Market Volume (GW) & Forecast, by Deployment , 2017-2031

    Table 21: Europe Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Application , 2017-2031

    Table 22: Europe Next-generation Solar Cell Market Volume (GW) & Forecast, by Application , 2017-2031

    Table 23: Europe Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Country, 2017-2031

    Table 24: Europe Next-generation Solar Cell Market Volume (GW) & Forecast, by Country, 2017-2031

    Table 25: Asia Pacific Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Material Type, 2017-2031

    Table 26: Asia Pacific Next-generation Solar Cell Market Volume (GW) & Forecast, by Material Type, 2017-2031

    Table 27: Asia Pacific Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Deployment , 2017-2031

    Table 28: Asia Pacific Next-generation Solar Cell Market Volume (GW) & Forecast, by Deployment , 2017-2031

    Table 29: Asia Pacific Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Application , 2017-2031

    Table 30: Asia Pacific Next-generation Solar Cell Market Volume (GW) & Forecast, by Application , 2017-2031

    Table 31: Asia Pacific Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Country, 2017-2031

    Table 32: Asia Pacific Next-generation Solar Cell Market Volume (GW) & Forecast, by Country, 2017-2031

    Table 33: Middle East & Africa Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Material Type, 2017-2031

    Table 34: Middle East & Africa Next-generation Solar Cell Market Volume (GW) & Forecast, by Material Type, 2017-2031

    Table 35: Middle East & Africa Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Deployment , 2017-2031

    Table 36: Middle East & Africa Next-generation Solar Cell Market Volume (GW) & Forecast, by Deployment , 2017-2031

    Table 37: Middle East & Africa Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Application , 2017-2031

    Table 38: Middle East & Africa Next-generation Solar Cell Market Volume (GW) & Forecast, by Application , 2017-2031

    Table 39: Middle East & Africa Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Country, 2017-2031

    Table 40: Middle East & Africa Next-generation Solar Cell Market Volume (GW) & Forecast, by Country, 2017-2031

    Table 41: South America Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Material Type, 2017-2031

    Table 42: South America Next-generation Solar Cell Market Volume (GW) & Forecast, by Material Type, 2017-2031

    Table 43: South America Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Deployment , 2017-2031

    Table 44: South America Next-generation Solar Cell Market Volume (GW) & Forecast, by Deployment , 2017-2031

    Table 45: South America Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Application , 2017-2031

    Table 46: South America Next-generation Solar Cell Market Volume (GW) & Forecast, by Application , 2017-2031

    Table 47: South America Next-generation Solar Cell Market Value (US$ Bn) & Forecast, by Country, 2017-2031

    Table 48: South America Next-generation Solar Cell Market Volume (GW) & Forecast, by Country, 2017-2031

    List of Figures

    Figure 01: Global Next-generation Solar Cell Market Value & Forecast, Value (US$ Bn), 2017-2031

    Figure 02: Global Next-generation Solar Cell Market Value & Forecast, Y-O-Y, Value (US$ Bn), 2017-2031

    Figure 03: Global Next-generation Solar Cell Market Value & Forecast, Volume (GW), 2017-2031

    Figure 04: Global Next-generation Solar Cell Market Value & Forecast, Y-O-Y, Volume (GW), 2017-2031

    Figure 05: Global Next-generation Solar Cell Market Projections by Material Type, Value (US$ Bn), 2017-2031

    Figure 06: Global Next-generation Solar Cell Market Share Analysis, by Material Type, 2021 and 2031

    Figure 07: Global Next-generation Solar Cell Market, Incremental Opportunity, by Material Type, 2021-2031

    Figure 08: Global Next-generation Solar Cell Market Projections by Deployment, Value (US$ Bn), 2017-2031

    Figure 09: Global Next-generation Solar Cell Market Share Analysis, by Deployment, 2021 and 2031

    Figure 10: Global Next-generation Solar Cell Market, Incremental Opportunity, by Deployment, 2021-2031

    Figure 11: Global Next-generation Solar Cell Market Projections by Application, Value (US$ Bn), 2017-2031

    Figure 12: Global Next-generation Solar Cell Market Share Analysis, by Application, 2021 and 2031

    Figure 13: Global Next-generation Solar Cell Market, Incremental Opportunity, by Application, 2021-2031

    Figure 14: Global Next-generation Solar Cell Market Projections by Country and sub-region, Value (US$ Bn), 2017-2031

    Figure 15: Global Next-generation Solar Cell Market Share Analysis, by Country and sub-region 2021 and 2031

    Figure 16: Global Next-generation Solar Cell Market, Incremental Opportunity, by Country and sub-region, 2021-2031

    Figure 17: North America Next-generation Solar Cell Market Value & Forecast, Value (US$ Bn), 2017-2031

    Figure 18: North America Next-generation Solar Cell Market Value & Forecast, Y-O-Y, Value (US$ Bn), 2017-2031

    Figure 19: North America Next-generation Solar Cell Market Value & Forecast, Volume (GW), 2017-2031

    Figure 20: North America Next-generation Solar Cell Market Value & Forecast, Y-O-Y, Volume (GW), 2017-2031

    Figure 21: North America Next-generation Solar Cell Market Projections by Material Type, Value (US$ Bn), 2017-2031

    Figure 22: North America Next-generation Solar Cell Market Share Analysis, by Material Type, 2021 and 2031

    Figure 23: North America Next-generation Solar Cell Market, Incremental Opportunity, by Material Type, 2021-2031

    Figure 24: North America Next-generation Solar Cell Market Projections by Deployment, Value (US$ Bn), 2017-2031

    Figure 25: North America Next-generation Solar Cell Market Share Analysis, by Deployment, 2021 and 2031

    Figure 26: North America Next-generation Solar Cell Market, Incremental Opportunity, by Deployment, 2021-2031

    Figure 27: North America Next-generation Solar Cell Market Projections by Application, Value (US$ Bn), 2017-2031

    Figure 28: North America Next-generation Solar Cell Market Share Analysis, by Application, 2021 and 2031

    Figure 29: North America Next-generation Solar Cell Market, Incremental Opportunity, by Application, 2021-2031

    Figure 30: North America Next-generation Solar Cell Market Projections by Country and sub-region, Value (US$ Bn), 2017-2031

    Figure 31: North America Next-generation Solar Cell Market Share Analysis, by Country and sub-region 2021 and 2031

    Figure 32: North America Next-generation Solar Cell Market, Incremental Opportunity, by Country and sub-region, 2021-2031

    Figure 33: Europe Next-generation Solar Cell Market Value & Forecast, Value (US$ Bn), 2017-2031

    Figure 34: Europe Next-generation Solar Cell Market Value & Forecast, Y-O-Y, Value (US$ Bn), 2017-2031

    Figure 35: Europe Next-generation Solar Cell Market Value & Forecast, Volume (GW), 2017-2031

    Figure 36: Europe Next-generation Solar Cell Market Value & Forecast, Y-O-Y, Volume (GW), 2017-2031

    Figure 37: Europe Next-generation Solar Cell Market Projections by Material Type, Value (US$ Bn), 2017-2031

    Figure 38: Europe Next-generation Solar Cell Market Share Analysis, by Material Type, 2021 and 2031

    Figure 39: Europe Next-generation Solar Cell Market, Incremental Opportunity, by Material Type, 2021-2031

    Figure 40: Europe Next-generation Solar Cell Market Projections by Deployment, Value (US$ Bn), 2017-2031

    Figure 41: Europe Next-generation Solar Cell Market Share Analysis, by Deployment, 2021 and 2031

    Figure 42: Europe Next-generation Solar Cell Market, Incremental Opportunity, by Deployment, 2021-2031

    Figure 43: Europe Next-generation Solar Cell Market Projections by Application, Value (US$ Bn), 2017-2031

    Figure 44: Europe Next-generation Solar Cell Market Share Analysis, by Application, 2021 and 2031

    Figure 45: Europe Next-generation Solar Cell Market, Incremental Opportunity, by Application, 2021-2031

    Figure 46: Europe Next-generation Solar Cell Market Projections by Country and sub-region, Value (US$ Bn), 2017-2031

    Figure 47: Europe Next-generation Solar Cell Market Share Analysis, by Country and sub-region 2021 and 2031

    Figure 48: Europe Next-generation Solar Cell Market, Incremental Opportunity, by Country and sub-region, 2021-2031

    Figure 49: Asia Pacific Next-generation Solar Cell Market Value & Forecast, Value (US$ Bn), 2017-2031

    Figure 50: Asia Pacific Next-generation Solar Cell Market Value & Forecast, Y-O-Y, Value (US$ Bn), 2017-2031

    Figure 51: Asia Pacific Next-generation Solar Cell Market Value & Forecast, Volume (GW), 2017-2031

    Figure 52: Asia Pacific Next-generation Solar Cell Market Value & Forecast, Y-O-Y, Volume (GW), 2017-2031

    Figure 53: Asia Pacific Next-generation Solar Cell Market Projections by Material Type, Value (US$ Bn), 2017-2031

    Figure 54: Asia Pacific Next-generation Solar Cell Market Share Analysis, by Material Type, 2021 and 2031

    Figure 55: Asia Pacific Next-generation Solar Cell Market, Incremental Opportunity, by Material Type, 2021-2031

    Figure 56: Asia Pacific Next-generation Solar Cell Market Projections by Deployment, Value (US$ Bn), 2017-2031

    Figure 57: Asia Pacific Next-generation Solar Cell Market Share Analysis, by Deployment, 2021 and 2031

    Figure 58: Asia Pacific Next-generation Solar Cell Market, Incremental Opportunity, by Deployment, 2021-2031

    Figure 59: Asia Pacific Next-generation Solar Cell Market Projections by Application, Value (US$ Bn), 2017-2031

    Figure 60: Asia Pacific Next-generation Solar Cell Market Share Analysis, by Application, 2021 and 2031

    Figure 61: Asia Pacific Next-generation Solar Cell Market, Incremental Opportunity, by Application, 2021-2031

    Figure 62: Asia Pacific Next-generation Solar Cell Market Projections by Country and sub-region, Value (US$ Bn), 2017-2031

    Figure 63: Asia Pacific Next-generation Solar Cell Market Share Analysis, by Country and sub-region 2021 and 2031

    Figure 64: Asia Pacific Next-generation Solar Cell Market, Incremental Opportunity, by Country and sub-region, 2021-2031

    Figure 65: Middle East & Africa Next-generation Solar Cell Market Value & Forecast, Value (US$ Bn), 2017-2031

    Figure 66: Middle East & Africa Next-generation Solar Cell Market Value & Forecast, Y-O-Y, Value (US$ Bn), 2017-2031

    Figure 67: Middle East & Africa Next-generation Solar Cell Market Value & Forecast, Volume (GW), 2017-2031

    Figure 68: Middle East & Africa Next-generation Solar Cell Market Value & Forecast, Y-O-Y, Volume (GW), 2017-2031

    Figure 69: Middle East & Africa Next-generation Solar Cell Market Projections by Material Type, Value (US$ Bn), 2017-2031

    Figure 70: Middle East & Africa Next-generation Solar Cell Market Share Analysis, by Material Type, 2021 and 2031

    Figure 71: Middle East & Africa Next-generation Solar Cell Market, Incremental Opportunity, by Material Type, 2021-2031

    Figure 72: Middle East & Africa Next-generation Solar Cell Market Projections by Deployment, Value (US$ Bn), 2017-2031

    Figure 73: Middle East & Africa Next-generation Solar Cell Market Share Analysis, by Deployment, 2021 and 2031

    Figure 74: Middle East & Africa Next-generation Solar Cell Market, Incremental Opportunity, by Deployment, 2021-2031

    Figure 75: Middle East & Africa Next-generation Solar Cell Market Projections by Application, Value (US$ Bn), 2017-2031

    Figure 76: Middle East & Africa Next-generation Solar Cell Market Share Analysis, by Application, 2021 and 2031

    Figure 77: Middle East & Africa Next-generation Solar Cell Market, Incremental Opportunity, by Application, 2021-2031

    Figure 78: Middle East & Africa Next-generation Solar Cell Market Projections by Country and sub-region, Value (US$ Bn), 2017-2031

    Figure 79: Middle East & Africa Next-generation Solar Cell Market Share Analysis, by Country and sub-region 2021 and 2031

    Figure 80: Middle East & Africa Next-generation Solar Cell Market, Incremental Opportunity, by Country and sub-region, 2021-2031

    Figure 81: South America Next-generation Solar Cell Market Value & Forecast, Value (US$ Bn), 2017-2031

    Figure 82: South America Next-generation Solar Cell Market Value & Forecast, Y-O-Y, Value (US$ Bn), 2017-2031

    Figure 83: South America Next-generation Solar Cell Market Value & Forecast, Volume (GW), 2017-2031

    Figure 84: South America Next-generation Solar Cell Market Value & Forecast, Y-O-Y, Volume (GW), 2017-2031

    Figure 85: South America Next-generation Solar Cell Market Projections by Material Type, Value (US$ Bn), 2017-2031

    Figure 86: South America Next-generation Solar Cell Market Share Analysis, by Material Type, 2021 and 2031

    Figure 87: South America Next-generation Solar Cell Market, Incremental Opportunity, by Material Type, 2021-2031

    Figure 88: South America Next-generation Solar Cell Market Projections by Deployment, Value (US$ Bn), 2017-2031

    Figure 89: South America Next-generation Solar Cell Market Share Analysis, by Deployment, 2021 and 2031

    Figure 90: South America Next-generation Solar Cell Market, Incremental Opportunity, by Deployment, 2021-2031

    Figure 91: South America Next-generation Solar Cell Market Projections by Application, Value (US$ Bn), 2017-2031

    Figure 92: South America Next-generation Solar Cell Market Share Analysis, by Application, 2021 and 2031

    Figure 93: South America Next-generation Solar Cell Market, Incremental Opportunity, by Application, 2021-2031

    Figure 94: South America Next-generation Solar Cell Market Projections by Country and sub-region, Value (US$ Bn), 2017-2031

    Figure 95: South America Next-generation Solar Cell Market Share Analysis, by Country and sub-region 2021 and 2031

    Figure 96: South America Next-generation Solar Cell Market, Incremental Opportunity, by Country and sub-region, 2021-2031

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