차세대 태양전지 시장 : 2028년까지의 세계 예측

출판 : MarketsandMarkets (마켓츠앤마켓츠)   출판년월 : 2023년06월

차세대 태양전지 시장 : 재료 유형 [카드뮴 텔루라이드(CdTe), 구리 인듐 갈륨 셀렌화물(CIGS), 비정질 실리콘, 갈륨-비소, 기타], 설치 (계통형, 독립형), 최종 사용자, 지역별 – 2028년까지의 세계 예측
Next-Generation Solar Cell Market by Material Type (Cadmium Telluride (CdTe), Copper Indium Gallium Selenide (CIGS), Amorphous Silicon, Gallium-Arsenide, Others), Installation (On-Grid, Off-Grid), End User and Geography – Global Forecast to 2028

리포트목차　　　　주문/문의　　　　납기/라이센스안내

The next-generation solar cell market is valued at USD 3.0 billion in 2023 and is projected to reach USD 7.4 billion by 2028, growing at a CAGR of 19.5% from 2023 to 2028. The advantages of the next-generation solar cell over traditional solar cells are one of the major drivers in the market. One of the major restraints in the market is intense competition from players providing other renewable resources, including wind power and hydropower.

Copper indium gallium selenides is expected to account for a significant market share during the forecast period
Copper indium gallium selenides (CIGS) solar cells are among the most efficient thin-film PV technologies. CIGS PV cells are manufactured using CIGS by compressing between conductive layers. This material is characterized by its direct band gap, which allows it to absorb a high amount of energy while limiting the transmittance of light. This material can be deposited over substrates such as glass, plastic, steel, and aluminum and is thin enough to allow full-panel flexibility when deposited on a flexible backing. CIGS PV modules have efficiencies exceeding 20% in laboratories. Its solar panels can be installed on roofs and other surfaces because they are more efficient in producing more electricity. They are also cheaper than silicon-based panels.

Commercial & Industrial segments to exhibit significant growth in the next-generation solar cell market during the forecast period
The commercial and industrial sector includes commercial buildings, banks and financial institutes, educational institutions, enterprises, manufacturing plants, hospitals, hospitality buildings, and so on. The lighting and other electricity needs are fulfilled by installing PV systems on the rooftop and open areas. The excess electricity generated can be sold to local electricity companies by transmitting it through local grids (depending on the technical feasibility). PV systems are also used for electrification in various places, such as visitor centers in parks, hunting lodges, park ranger sites, remote farm workshops, vacation cabins, village lighting, highway rest stops, and public beaches. Hybrid PV systems, comprising PV modules and heat extraction units, are mounted together for industrial applications. These systems can also provide electrical and thermal energy simultaneously and achieve a higher energy conversion rate of the absorbed solar radiation than plain photovoltaics. Hence, they are used to generate electricity for commercial and industrial facilities.

US in North America is expected to record the largest market size during the forecast period
The US held the largest share of the North American next-generation solar cell market in 2022 and is expected to register a significant CAGR during the forecast period. The growth of the next-generation solar cell market in the US is driven by factors like an increase in state and federal policies and PV systems adoption programs, among others. Due to constant developments and government funding promoting renewable energy in North America, the next-generation solar cell market can anticipate rising demand from utilities in the region.

The break-up of the profile of primary participants in the Next-generation Solar Cell Market:

• By Company Type: Tier 1 – 40 %, Tier 2 – 40%, and Tier 3 – 20%
• By Designation: C-Level Executives –40%, Directors- 40%, and Others – 20%
• By Region: North America– 40%, Asia Pacific – 30%, Europe- 20%, and RoW – 10%
The report profiles key players in the next-generation solar cell market and analyzes their market shares. Players profiled in this report are First Solar (US), Hanwha Q CELLS (South Korea), Ascent Solar Technologies (US), Oxford PV (UK), Kaneka Solar Energy (Japan), Flisom (Switzerland), Solactron (US), Mitsubishi Chemical Group (Japan), MiaSole (US), and Hanergy thin film power group (China), Heliatek (Germany), Polysolar Technology (US), NanoPV technologies(US), 3D-Micromac(Germany), Suntech Power Holdings (China), Sharp Corporation(Japan), Trina Solar (China), Panasonic Corporation(Japan), Sol Voltaics(Sweden), Geo Green Power(England), Jinko Solar(China), Canadian Solar(Canada), Sunpower Corporation(US), Yingli Solar(China), REC Group(Norway)

Research Coverage
The report defines, describes, and forecasts the next-generation solar cell market based on material type, installation, end-user industry, and region. It provides detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the next-generation solar cell market. It also analyzes competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and actions carried out by the key players to grow in the market.
Reasons to Buy This Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall next-generation solar cell market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report will help leaders/new entrants in the next-generation solar cell market in the following ways:
1. The report segments the next-generation solar cell market comprehensively and provides the closest market size estimation for all subsegments across regions.
2. The report will help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities in the d next-generation solar cell market.
3. The report will help stakeholders understand their competitors better and gain insights to improve their position in the next-generation solar cell market. The competitive landscape section describes the competitor ecosystem.
4. Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the next-generation solar cell market

5. In-depth assessment of market shares, growth strategies and product offerings of leading players like First Solar (US), Hanwha Q CELLS (South Korea), Ascent Solar Technologies (US), Oxford PV (UK), Kaneka Solar Energy (Japan), among others.

목차

1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.3 STUDY SCOPE 28
1.3.1 MARKETS COVERED 28
FIGURE 1 NEXT-GENERATION SOLAR CELL MARKET 28
1.4 INCLUSIONS AND EXCLUSIONS 28
1.4.1 REGIONAL SCOPE 29
1.4.2 YEARS CONSIDERED 29
1.5 CURRENCY CONSIDERED 29
1.6 STAKEHOLDERS 30
1.7 RECESSION IMPACT 30
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 2 PROCESS FLOW: NEXT-GENERATION SOLAR CELL MARKET SIZE ESTIMATION 31
FIGURE 3 NEXT-GENERATION SOLAR CELL MARKET: RESEARCH DESIGN 32
2.1.1 SECONDARY AND PRIMARY RESEARCH 33
2.1.2 SECONDARY DATA 33
2.1.2.1 Secondary sources 34
2.1.2.2 List of key secondary sources 34
2.1.3 PRIMARY DATA 35
2.1.3.1 Primary sources 35
2.1.3.2 Key industry insights 36
2.1.3.3 Primary interviews with experts 36
2.1.3.4 Breakdown of primaries 37
2.2 MARKET SIZE ESTIMATION 37
2.2.1 BOTTOM-UP APPROACH 37
2.2.1.1 Approach to arrive at market size using bottom-up analysis 38
FIGURE 4 NEXT-GENERATION SOLAR CELL MARKET: BOTTOM-UP APPROACH 38
2.2.2 TOP-DOWN APPROACH 39
2.2.2.1 Approach to arrive at market size using top-down analysis 39
FIGURE 5 NEXT-GENERATION SOLAR CELL MARKET: TOP-DOWN APPROACH 39
2.3 DATA TRIANGULATION 40
FIGURE 6 DATA TRIANGULATION 40
2.4 RESEARCH ASSUMPTIONS 41
FIGURE 7 RESEARCH STUDY ASSUMPTIONS 41
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON NEXT-GENERATION SOLAR CELL MARKET 41
2.6 RISK ASSESSMENT 42
TABLE 1 ANALYSIS OF RISK FACTORS 42
3 EXECUTIVE SUMMARY 43
3.1 NEXT-GENERATION SOLAR CELL MARKET: RECESSION IMPACT 43
FIGURE 8 RECESSION IMPACT: GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES 44
FIGURE 9 RECESSION IMPACT ON NEXT-GENERATION SOLAR CELL MARKET, 2019–2028 (USD MILLION) 44
FIGURE 10 CADMIUM TELLURIDE SEGMENT TO HOLD LARGEST SHARE OF NEXT-GENERATION SOLAR CELL MARKET THROUGHOUT FORECAST PERIOD 45
FIGURE 11 UTILITIES SEGMENT TO CAPTURE LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD 46
FIGURE 12 ASIA PACIFIC HELD LARGEST SIZE OF NEXT-GENERATION SOLAR CELL MARKET IN 2022 47
4 PREMIUM INSIGHTS 48
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN NEXT-GENERATION SOLAR CELL MARKET 48
FIGURE 13 NEXT-GENERATION SOLAR CELL MARKET TO GROW AT SIGNIFICANT RATE OWING TO INCREASING DEMAND FROM UTILITIES 48
4.2 NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE 49
FIGURE 14 CADMIUM TELLURIDE TO ACCOUNT FOR LARGEST SHARE OF NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL, IN 2028 49
4.3 NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY 49
FIGURE 15 UTILITIES HELD LARGEST MARKET SHARE IN 2022 49
4.4 NEXT-GENERATION SOLAR CELL MARKET, BY COUNTRY 50
FIGURE 16 NEXT-GENERATION SOLAR CELL MARKET IN MEXICO TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 50
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 51
FIGURE 17 NEXT-GENERATION SOLAR CELL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 51
5.2.1 DRIVERS 52
5.2.1.1 Advancements in next-generation solar cell technology 52
5.2.1.2 Advantages of next-generation over traditional solar cells 52
5.2.1.3 Government initiatives in solar PV projects 52
5.2.1.4 Increasing demand for solar cells in residential and commercial sectors 53
FIGURE 18 IMPACT OF DRIVERS ON NEXT-GENERATION SOLAR CELL MARKET 53
5.2.2 RESTRAINTS 54
5.2.2.1 High installation costs and requirement for skilled workforce 54
5.2.2.2 Intense competition from players providing other renewable resources, including wind power and hydropower 54
FIGURE 19 IMPACT OF RESTRAINTS ON NEXT-GENERATION SOLAR CELL MARKET 54
5.2.3 OPPORTUNITIES 54
5.2.3.1 Surging demand for renewable energy 54
FIGURE 20 IMPACT OF OPPORTUNITIES ON NEXT-GENERATION SOLAR CELL MARKET 55
5.2.4 CHALLENGES 55
5.2.4.1 Supply chain challenges in next-generation solar cell technologies 55
FIGURE 21 IMPACT OF CHALLENGES ON NEXT-GENERATION SOLAR CELL MARKET 56
5.3 VALUE CHAIN ANALYSIS 56
FIGURE 22 SOLAR CELL VALUE CHAIN ANALYSIS 56
5.4 CASE STUDY ANALYSIS 58
5.4.1 SUNPOWER MANUFACTURES HIGH-EFFICIENCY SOLAR PANELS FOR CUSTOMERS WITH LIMITED BUDGETS 58
5.4.2 HANWHA Q CELLS HELPS COPENHAGEN ZOO IMPLEMENT C&I ROOFTOP SYSTEM TO MEET SUSTAINABILITY GOAL 58
5.4.3 SHARP HELPS BIG C SUPERMARKET (THAILAND) INSTALL ROOFTOP SOLAR PANELS 59
5.4.4 SHARP INSTALLS ROOFTOP SOLAR PANELS FOR HEWLETT PACKARD (HP) TO MINIMIZE CARBON FOOTPRINT 59
5.4.5 TATA POWER SOLAR COMMISSIONS 3 MW SOLAR PV POWER PLANT IN IRON ORE MINE AT NOAMUNDI 59
5.5 TECHNOLOGY ANALYSIS 60
TABLE 2 TECHNOLOGIES IN SOLAR CELL ECOSYSTEM 60
5.6 PORTER’S FIVE FORCES ANALYSIS 62
TABLE 3 NEXT-GENERATION SOLAR CELL MARKET: PORTER’S FIVE FORCES ANALYSIS 62
5.6.1 THREAT OF NEW ENTRANTS 63
5.6.2 THREAT OF SUBSTITUTES 63
5.6.3 BARGAINING POWER OF SUPPLIERS 63
5.6.4 BARGAINING POWER OF BUYERS 63
5.6.5 INTENSITY OF COMPETITIVE RIVALRY 63
5.7 ECOSYSTEM/MARKET MAP 64
TABLE 4 PLAYERS AND THEIR ROLE IN ECOSYSTEM 64
5.8 PATENT ANALYSIS 65
FIGURE 23 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 65
TABLE 5 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS 65
FIGURE 24 NUMBER OF PATENTS GRANTED EVERY YEAR, 2012–2022 66
TABLE 6 LIST OF PATENTS 67
5.9 TRADE ANALYSIS 69
5.9.1 IMPORT SCENARIO 69
FIGURE 25 IMPORT DATA FOR HS CODE 854140, BY COUNTRY, 2018–2021 69
TABLE 7 IMPORT DATA, BY COUNTRY, 2018–2021 (USD THOUSAND) 70
5.9.2 EXPORT SCENARIO 70
FIGURE 26 EXPORT DATA FOR HS CODE 854140, BY COUNTRY, 2018–2021 70
TABLE 8 EXPORT DATA, BY COUNTRY, 2018–2021 (USD THOUSAND) 71
5.10 REGULATORY LANDSCAPE AND STANDARDS 71
5.10.1 REGULATORY COMPLIANCE 71
5.10.1.1 Regulations 72
5.10.1.2 Standards 72
TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74
TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74
TABLE 12 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
5.11 TRENDS/DISRUPTIONS IMPACTING BUSINESS OF MARKET PLAYERS AND RAW MATERIAL SUPPLIERS 76
5.11.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR NEXT-GENERATION SOLAR CELL MARKET PLAYERS 76
FIGURE 27 REVENUE SHIFT AND NEW REVENUE POCKETS IN NEXT-GENERATION SOLAR CELL MARKET 76
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA 77
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 77
TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USER INDUSTRY (%) 77
5.13 PRICING ANALYSIS 77
TABLE 14 AVERAGE SELLING PRICE OF PHOTOVOLTAIC MODULES, 2022 78
TABLE 15 AVERAGE SELLING PRICE OF PV SYSTEMS, BY END-USER INDUSTRY 78
5.13.1 AVERAGE SELLING PRICE OF PV MODULES OFFERED BY MARKET PLAYERS 78
FIGURE 28 AVERAGE SELLING PRICE OF PV MODULES OFFERED BY KEY PLAYERS, BY END-USER INDUSTRY 78
TABLE 16 AVERAGE SELLING PRICE OF PV MODULES OFFERED BY KEY PLAYERS, BY END-USER INDUSTRY (USD/WATT) 79
5.13.2 BUYING CRITERIA 79
FIGURE 29 KEY BUYING CRITERIA FOR TOP 3 END-USER INDUSTRY 79
TABLE 17 KEY BUYING CRITERIA FOR TOP 3 END-USER INDUSTRIES 79
TABLE 18 NEXT-GENERATION SOLAR CELL MARKET: LIST OF CONFERENCES AND EVENTS 80
6 INSTALLATION TYPES OF NEXT-GENERATION SOLAR CELLS 82
6.1 INTRODUCTION 82
FIGURE 30 INSTALLATION TYPES OF NEXT-GENERATION SOLAR CELLS 82
6.2 ON-GRID 82
6.2.1 FOCUS ON REDUCING TRANSMISSION LOSSES AND STRAIN ON GRIDS TO INCREASE DEMAND FOR ON-GRID SOLAR CELLS 82
6.3 OFF-GRID 83
6.3.1 GROWING USE OF OFF-GRID SOLAR SYSTEMS IN REMOTE AREAS, CABINS, BOATS, AND RVS TO DRIVE DEMAND 83
7 NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE 84
7.1 INTRODUCTION 85
FIGURE 31 NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE 85
FIGURE 32 CADMIUM TELLURIDE-BASED SOLAR CELLS TO HOLD LARGEST MARKET SHARE IN 2023 86
TABLE 19 NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2019–2022 (USD MILLION) 86
TABLE 20 NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2023–2028 (USD MILLION) 87
7.2 AMORPHOUS SILICON (A-SI) 87
7.2.1 BETTER PERFORMANCE OF A-SI IN LOW-LIGHT CONDITIONS TO BOOST ITS DEMAND 87
TABLE 21 AMORPHOUS SILICON (A-SI): NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2019–2022 (USD MILLION) 88
TABLE 22 AMORPHOUS SILICON (A-SI): NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2023–2028 (USD MILLION) 88
TABLE 23 AMORPHOUS SILICON (A-SI): NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 88
TABLE 24 AMORPHOUS SILICON (A-SI): NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 89
7.2.2 COPPER INDIUM GALLIUM SELENIDE (CIGS) 89
7.2.2.1 High demand for lightweight and flexible solar modules for rooftops and portable electronics to fuel segmental growth 89
TABLE 25 COPPER INDIUM GALLIUM SELENIDE (CIGS): NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2019–2022 (USD MILLION) 89
TABLE 26 COPPER INDIUM GALLIUM SELENIDE (CIGS): NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2023–2028 (USD MILLION) 90
TABLE 27 COPPER INDIUM GALLIUM SELENIDE (CIGS): NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 90
TABLE 28 COPPER INDIUM GALLIUM SELENIDE (CIGS): NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 90
7.2.3 CADMIUM TELLURIDE (CDTE) 91
7.2.3.1 Low manufacturing cost of CdTe solar modules to propel market 91
TABLE 29 CADMIUM TELLURIDE (CDTE): NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2019–2022 (USD MILLION) 91
TABLE 30 CADMIUM TELLURIDE (CDTE): NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2023–2028 (USD MILLION) 91
TABLE 31 CADMIUM TELLURIDE (CDTE): NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 92
TABLE 32 CADMIUM TELLURIDE (CDTE): NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 92
7.2.4 GALLIUM ARSENIDE 92
7.2.4.1 High resistance, flexibility, and stability of GaAs PV cells at higher temperatures to fuel segmental growth 92
TABLE 33 GALLIUM ARSENIDE (GAAS): NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2019–2022 (USD MILLION) 93
TABLE 34 GALLIUM ARSENIDE (GAAS): NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2023–2028 (USD MILLION) 93
TABLE 35 GALLIUM ARSENIDE (GAAS): NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 93
TABLE 36 GALLIUM ARSENIDE (GAAS): NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 94
7.2.5 OTHER MATERIALS 94
7.2.5.1 Perovskite 94
7.2.5.2 Dye-synthesized 95
7.2.5.3 Organic 95
TABLE 37 OTHER MATERIALS: NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2019–2022 (USD MILLION) 95
TABLE 38 OTHER MATERIALS: NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2023–2028 (USD MILLION) 95
TABLE 39 OTHER MATERIALS: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 96
TABLE 40 OTHER MATERIALS: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 96
8 NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY 97
8.1 INTRODUCTION 98
FIGURE 33 NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY 98
FIGURE 34 RESIDENTIAL SEGMENT TO EXHIBIT HIGHEST CAGR IN NEXT-GENERATION SOLAR CELL MARKET DURING FORECAST PERIOD 98
TABLE 41 NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 99
TABLE 42 NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 99
8.2 RESIDENTIAL 100
8.2.1 GOVERNMENT SUBSIDIES TO BOOST ADOPTION OF SOLAR CELLS IN RESIDENTIAL APPLICATIONS 100
TABLE 43 RESIDENTIAL: NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2019–2022 (USD MILLION) 101
TABLE 44 RESIDENTIAL: NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2023–2028 (USD MILLION) 101
TABLE 45 RESIDENTIAL: NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2019–2022 (USD MILLION) 101
TABLE 46 RESIDENTIAL: NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2023–2028 (USD MILLION) 102
8.3 COMMERCIAL & INDUSTRIAL 102
8.3.1 ENVIRONMENTAL, ECONOMIC, AND TAX BENEFITS TO SUPPORT MARKET GROWTH FOR COMMERCIAL & INDUSTRIAL APPLICATIONS 102
TABLE 47 COMMERCIAL & INDUSTRIAL: NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2019–2022 (USD MILLION) 103
TABLE 48 COMMERCIAL & INDUSTRIAL: NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2023–2028 (USD MILLION) 103
TABLE 49 COMMERCIAL & INDUSTRIAL: NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2019–2022 (USD MILLION) 104
TABLE 50 COMMERCIAL & INDUSTRIAL: NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2023–2028 (USD MILLION) 104
8.4 UTILITIES 105
8.4.1 NEED FOR RELIABLE AND CONSISTENT SOURCE OF ELECTRICITY BY UTILITIES TO DRIVE MARKET 105
FIGURE 35 OTHER MATERIALS SEGMENT TO WITNESS HIGHEST CAGR IN NEXT-GENERATION SOLAR CELL MARKET FOR UTILITIES DURING FORECAST PERIOD 105
TABLE 51 UTILITIES: NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2019–2022 (USD MILLION) 106
TABLE 52 UTILITIES: NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2023–2028 (USD MILLION) 106
TABLE 53 UTILITIES: NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2019–2022 (USD MILLION) 106
TABLE 54 UTILITIES: NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2023–2028 (USD MILLION) 107
8.5 OTHER END-USER INDUSTRIES 107
TABLE 55 OTHER END-USER INDUSTRIES: NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2019–2022 (USD MILLION) 107
TABLE 56 OTHER END-USER INDUSTRIES: NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2023–2028 (USD MILLION) 108
TABLE 57 OTHER END-USER INDUSTRIES: NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2019–2022 (USD MILLION) 108
TABLE 58 OTHER END-USER INDUSTRIES: NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2023–2028 (USD MILLION) 108
9 NEXT-GENERATION SOLAR CELL MARKET, BY GEOGRAPHY 109
9.1 INTRODUCTION 110
FIGURE 36 NEXT-GENERATION SOLAR CELL MARKET, BY REGION 110
TABLE 59 NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2019–2022 (USD MILLION) 110
TABLE 60 NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2023–2028 (USD MILLION) 111
9.2 NORTH AMERICA 111
FIGURE 37 NORTH AMERICA: SNAPSHOT OF NEXT-GENERATION SOLAR CELL MARKET 112
TABLE 61 NORTH AMERICA: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 112
TABLE 62 NORTH AMERICA: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 113
TABLE 63 NORTH AMERICA: NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2019–2022 (USD MILLION) 113
TABLE 64 NORTH AMERICA: NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2023–2028 (USD MILLION) 113
TABLE 65 NORTH AMERICA: NEXT-GENERATION SOLAR CELL MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 114
TABLE 66 NORTH AMERICA: NEXT-GENERATION SOLAR CELL MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 114
9.2.1 US 114
9.2.1.1 Rise in state and federal policies and programs to boost adoption of PV modules 114
TABLE 67 US: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 115
TABLE 68 US: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 115
9.2.2 CANADA 115
9.2.2.1 Abundance of solar energy resources and large areas for installations to drive market 115
TABLE 69 CANADA: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 116
TABLE 70 CANADA: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 116
9.2.3 MEXICO 116
9.2.3.1 Booming solar industry to boost demand for next-generation solar cells 116
TABLE 71 MEXICO: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 117
TABLE 72 MEXICO: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 117
9.2.4 IMPACT OF RECESSION ON NEXT-GENERATION SOLAR CELL MARKET IN NORTH AMERICA 117
9.3 EUROPE 118
FIGURE 38 EUROPE: SNAPSHOT OF NEXT-GENERATION SOLAR CELL MARKET 118
TABLE 73 EUROPE: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 119
TABLE 74 EUROPE: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 119
TABLE 75 EUROPE: NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2019–2022 (USD MILLION) 119
TABLE 76 EUROPE: NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2023–2028 (USD MILLION) 120
TABLE 77 EUROPE: NEXT-GENERATION SOLAR CELL MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 120
TABLE 78 EUROPE: NEXT-GENERATION SOLAR CELL MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 120
9.3.1 GERMANY 121
9.3.1.1 Growing adoption of PV systems to propel market 121
TABLE 79 GERMANY: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 121
TABLE 80 GERMANY: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 121
9.3.2 UK 122
9.3.2.1 Increasing installation of PV systems to harness solar resources to foster market growth 122
TABLE 81 UK: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 122
TABLE 82 UK: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 122
9.3.3 FRANCE 123
9.3.3.1 Collaboration between solar technology providers and government to boost PV installation capacity 123
TABLE 83 FRANCE: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 123
TABLE 84 FRANCE: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 123
9.3.4 ITALY 124
9.3.4.1 Rising investments in R&D of solar energy 124
TABLE 85 ITALY: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 124
TABLE 86 ITALY: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 124
9.3.5 REST OF EUROPE 125
TABLE 87 REST OF EUROPE: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 125
TABLE 88 REST OF EUROPE: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 125
9.3.6 IMPACT OF RECESSION ON NEXT-GENERATION SOLAR CELL MARKET IN EUROPE 125
9.4 ASIA PACIFIC 126
FIGURE 39 ASIA PACIFIC: SNAPSHOT OF NEXT-GENERATION SOLAR CELL MARKET 126
TABLE 89 ASIA PACIFIC: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 127
TABLE 90 ASIA PACIFIC: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 127
TABLE 91 ASIA PACIFIC: NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2019–2022 (USD MILLION) 127
TABLE 92 ASIA PACIFIC: NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2023–2028 (USD MILLION) 128
TABLE 93 ASIA PACIFIC: NEXT-GENERATION SOLAR CELL MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 128
TABLE 94 ASIA PACIFIC: NEXT-GENERATION SOLAR CELL MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 128
9.4.1 CHINA 129
9.4.1.1 Rapid expansion of solar industry to boost demand for next-generation solar cells 129
TABLE 95 CHINA: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 129
TABLE 96 CHINA: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 129
9.4.2 JAPAN 130
9.4.2.1 Large presence of floating PV plants to fuel market 130
TABLE 97 JAPAN: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 130
TABLE 98 JAPAN: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 130
9.4.3 INDIA 131
9.4.3.1 Government-led developments in next-generation solar cells to accelerate market growth 131
TABLE 99 INDIA: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 131
TABLE 100 INDIA: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 131
9.4.4 SOUTH KOREA 132
9.4.4.1 Focus on powering every public building with solar energy to boost demand for solar cells 132
TABLE 101 SOUTH KOREA: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 132
TABLE 102 SOUTH KOREA: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 132
9.4.5 REST OF ASIA PACIFIC 133
TABLE 103 REST OF ASIA PACIFIC: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 133
TABLE 104 REST OF ASIA PACIFIC: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 133
9.4.6 IMPACT OF RECESSION ON NEXT-GENERATION SOLAR CELL MARKET IN ASIA PACIFIC 133
9.5 ROW 134
TABLE 105 ROW: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 134
TABLE 106 ROW: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 134
TABLE 107 ROW: NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2019–2022 (USD MILLION) 134
TABLE 108 ROW: NEXT-GENERATION SOLAR CELL MARKET, BY MATERIAL TYPE, 2023–2028 (USD MILLION) 135
TABLE 109 ROW: NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2019–2022 (USD MILLION) 135
TABLE 110 ROW: NEXT-GENERATION SOLAR CELL MARKET, BY REGION, 2023–2028 (USD MILLION) 135
9.5.1 SOUTH AMERICA 135
9.5.1.1 R&D on perovskite solar cells to contribute to next-generation solar cell market growth 135
TABLE 111 SOUTH AMERICA: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 136
TABLE 112 SOUTH AMERICA: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 136
9.5.2 MIDDLE EAST & AFRICA 136
9.5.2.1 Increasing adoption of PV technology to support market growth 136
TABLE 113 MIDDLE EAST & AFRICA: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION) 137
TABLE 114 MIDDLE EAST & AFRICA: NEXT-GENERATION SOLAR CELL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION) 137
9.5.3 IMPACT OF RECESSION ON NEXT-GENERATION SOLAR CELL MARKET IN ROW 137
10 COMPETITIVE LANDSCAPE 138
10.1 INTRODUCTION 138
10.2 OVERVIEW 138
10.3 KEY PLAYER STRATEGIES/RIGHT TO WIN 138
TABLE 115 OVERVIEW OF STRATEGIES DEPLOYED BY KEY NEXT-GENERATION SOLAR CELL MANUFACTURERS 138
10.4 NEXT-GENERATION SOLAR CELL MARKET SHARE ANALYSIS, 2022 138
FIGURE 40 NEXT-GENERATION SOLAR CELL MARKET SHARE ANALYSIS, 2022 139
TABLE 116 DEGREE OF COMPETITION, 2022 139
TABLE 117 NEXT-GENERATION SOLAR CELL MARKET: RANKING ANALYSIS 139
10.5 THREE-YEAR COMPANY REVENUE ANALYSIS 140
FIGURE 41 THREE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN NEXT-GENERATION SOLAR CELL MARKET 140
10.6 COMPANY EVALUATION QUADRANT 141
10.6.1 STARS 141
10.6.2 EMERGING LEADERS 141
10.6.3 PERVASIVE PLAYERS 141
10.6.4 PARTICIPANTS 141
FIGURE 42 NEXT-GENERATION SOLAR CELL MARKET: COMPANY EVALUATION QUADRANT, 2022 142
10.6.5 COMPETITIVE BENCHMARKING 143
TABLE 118 OVERALL COMPANY FOOTPRINT 143
TABLE 119 COMPANY MATERIAL TYPE FOOTPRINT 144
TABLE 120 COMPANY END-USER INDUSTRY FOOTPRINT 145
TABLE 121 COMPANY REGION FOOTPRINT 146
10.7 NEXT-GENERATION SOLAR CELL STARTUPS/SMES QUADRANT 147
10.7.1 PROGRESSIVE COMPANIES 147
10.7.2 RESPONSIVE COMPANIES 147
10.7.3 DYNAMIC COMPANIES 147
10.7.4 STARTING BLOCKS 147
FIGURE 43 NEXT-GENERATION SOLAR CELL MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022 148
10.8 COMPETITIVE SCENARIOS AND TRENDS 149
10.8.1 PRODUCT LAUNCHES 149
TABLE 122 NEXT-GENERATION SOLAR CELL MARKET: PRODUCT LAUNCHES, JANUARY 2019–MARCH 2023 149
10.8.2 DEALS 149
TABLE 123 NEXT-GENERATION SOLAR CELL MARKET: DEALS, JANUARY 2019–MARCH 2023 149

11 COMPANY PROFILES 151
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
11.1 KEY COMPANIES 151
11.1.1 FIRST SOLAR 151
TABLE 124 FIRST SOLAR: BUSINESS OVERVIEW 151
FIGURE 44 FIRST SOLAR: COMPANY SNAPSHOT 152
TABLE 125 FIRST SOLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED 152
TABLE 126 FIRST SOLAR: DEALS 153
11.1.2 HANWHA Q CELLS 157
TABLE 127 HANWHA Q CELLS: BUSINESS OVERVIEW 157
TABLE 128 HANWHA Q CELLS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 157
TABLE 129 HANWHA Q CELLS: PRODUCT LAUNCHES 158
TABLE 130 HANWHA Q CELLS: DEALS 158
11.1.3 ASCENT SOLAR TECHNOLOGIES 162
TABLE 131 ASCENT SOLAR TECHNOLOGIES: BUSINESS OVERVIEW 162
FIGURE 45 ASCENT SOLAR TECHNOLOGIES: COMPANY SNAPSHOT 163
TABLE 132 ASCENT SOLAR TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED. 163
TABLE 133 ASCENT SOLAR TECHNOLOGIES: DEALS 163
11.1.4 OXFORD PHOTOVOLTAICS (PV) 165
TABLE 134 OXFORD PV: COMPANY OVERVIEW 165
TABLE 135 OXFORD PV: PRODUCTS/SOLUTIONS/SERVICES OFFERED 165
TABLE 136 OXFORD PV: DEALS 166
TABLE 137 OXFORD PV: OTHERS 166
11.1.5 KANEKA SOLAR ENERGY 168
TABLE 138 KANEKA SOLAR ENERGY: COMPANY OVERVIEW 168
TABLE 139 KANEKA SOLAR ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 168
11.1.6 FLISOM 170
TABLE 140 FLISOM: BUSINESS OVERVIEW 170
TABLE 141 FLISOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 170
TABLE 142 FLISOM: OTHERS 170
11.1.7 SOLACTRON 171
TABLE 143 SOLACTRON: BUSINESS OVERVIEW 171
TABLE 144 SOLACTRON: PRODUCTS/SOLUTIONS/SERVICES OFFERED. 171
11.1.8 MITSUBISHI CHEMICAL GROUP 172
TABLE 145 MITSUBISHI CHEMICAL GROUP: COMPANY OVERVIEW 172
FIGURE 46 MITSUBISHI CHEMICAL GROUP: COMPANY SNAPSHOT 173
TABLE 146 MITSUBISHI CHEMICAL GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 173
11.1.9 MIASOLE 174
TABLE 147 MIASOLE: COMPANY OVERVIEW 174
TABLE 148 MIASOLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 174
TABLE 149 MIASOLE: DEALS 175
TABLE 150 MIASOLE: OTHERS 175
11.1.10 HANERGY THIN FILM POWER GROUP 176
TABLE 151 HANERGY THIN FILM POWER GROUP: COMPANY OVERVIEW 176
TABLE 152 HANERGY THIN FILM POWER GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 176
11.2 OTHER KEY PLAYERS 177
11.2.1 HELIATEK 177
11.2.2 POLYSOLAR TECHNOLOGY 178
11.2.3 NANOPV SOLAR 178
11.2.4 3D-MICROMAC AG 179
11.2.5 SUNTECH POWER HOLDINGS CO., LTD. 179
11.2.6 SHARP CORPORATION LIMITED 180
11.2.7 TRINA SOLAR 181
11.2.8 PANASONIC CORPORATION 182
11.2.9 SOL VOLTAICS 182
11.2.10 GEO GREEN POWER 183
11.2.11 JINKO SOLAR 183
11.2.12 CANADIAN SOLAR INC. 184
11.2.13 SUNPOWER CORPORATION 184
11.2.14 YINGLI SOLAR 185
11.2.15 REC GROUP 185
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
12 APPENDIX 186
12.1 DISCUSSION GUIDE 186
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 188
12.3 CUSTOMIZATION OPTIONS 190
12.4 RELATED REPORTS 190
12.5 AUTHOR DETAILS 191