Global Thin-Film PV Module Market - Forecasts from 2025 to 2030

The global thin-film PV module market is valued at US$11.166 billion in 2025 and is expected to grow at a CAGR of 4.47% over the forecast period to US$13.895 billion in 2030.

Thin-film solar modules are constructed from thin-film solar cells (TFSCs), which are second-generation solar cells made up of multiple thin layers of photovoltaic (PV) materials. These solar cells are significantly thinner, measured in nanometers, compared to conventional P-N junction solar cells. As a result, thin-film PV modules are more flexible and lightweight, making them suitable for integrated photovoltaic applications.Despite being less efficient than traditional crystalline silicon (c-Si) technology, thin-film technology has remained economically viable. Continuous research and development efforts have led to significant improvements in efficiency, with cadmium telluride (CdTe) and copper indium gallium selenide (CIGS) PV cells now exceeding 21% efficiency, surpassing that of multi-crystalline silicon, which currently dominates the solar PV module market.The installation of thin-film solar panels is generally easier and requires less effort compared to conventional silicon panels. Their flexibility and lightweight nature allow them to be installed in locations where traditional solar panels may not be feasible. Additionally, thin-film modules use considerably less silicon, resulting in lower emissions during production compared to standard solar modules. These modules require larger installation areas, such as commercial buildings, streets, forested regions, and expansive rooftops. For example, they can be utilized in streetlights and traffic signals or installed on bus rooftops to power small devices like fans and Wi-Fi modems.

Growth Drivers of the Thin-Film PV Module Market:

• Increasing Focus on Renewable Energy: The demand for thin-film modules is significantly driven by the growing emphasis on renewable energy sources, particularly solar energy. Countries around the globe are setting ambitious targets to boost the share of renewables in their electricity generation mix due to concerns over environmental sustainability, greenhouse gas (GHG) emissions reduction, and rising electricity costs. For instance, Spain aims for 120 GW of installed renewable energy capacity by 2030, primarily from wind and solar sources. Canada plans to increase its share of zero-emitting renewable sources to 90% by 2030 from approximately 80% in 2016. Similarly, India has set a goal of installing 175 GW of renewable energy capacity by 2022, with solar contributing 100 GW. These initiatives are driving global demand for thin-film modules.
• Tariffs on c-Si Solar Panels: Another significant factor propelling the thin-film photovoltaic module market is the imposition of tariffs on crystalline silicon (c-Si) solar panels by the United States. These tariffs aim to protect domestic manufacturing but have raised import costs for c-Si panels, placing financial pressure on developers and project managers. As a result, manufacturers are increasingly exploring alternative technologies like thin-film PV modules that offer a balance between cost and performance. Thin-film modules have lower manufacturing costs and can operate efficiently across various environmental conditions, making them an attractive option for projects seeking cost-effective solar energy solutions without compromising output.

Geographical Outlook of the Thin-Film PV Module Market:

• Asia-Pacific as the Fastest-Growing Market: The global thin-film PV module market is divided into several regions: North America, South America, Europe, the Middle East and Africa, and Asia Pacific.
• Europe: This region is a key market for thin-film solar modules due to rising coffee consumption and the increasing trend of specialty cafes across multiple countries. The growing coffee culture in nations such as Ireland, Hungary, and the Czech Republic will further support market growth.
• North America: North America is also expected to maintain a significant market share due to rising coffee consumption in the U.S. and Canada. According to statistics from the United States Department of Agriculture (USDA), the U.S. is the second-largest importer of coffee beans from countries like Brazil, Colombia, Vietnam, and Guatemala. The presence of numerous specialty coffee stores in this region is another key factor contributing to the growing demand for automatic coffee machines.
• Asia Pacific: The Asia Pacific region is projected to experience substantial growth driven by an expanding middle-class population. The influence of Western culture on lifestyle and taste preferences is shaping the automatic coffee machine market in this area. The 2023 China Urban Coffee Development Report highlighted that Shanghai has the highest number of coffee shops globally, with 8,530 stores-an increase of 673 from 2022-accounting for 6.4% of the national total. Additionally, the growth of global coffee shops and cafes in countries such as India, Australia, and Thailand is further fueling demand for automatic coffee machines.

Overall, as consumer preferences evolve towards convenience and quality in coffee preparation, the automatic coffee machine market is poised for continued growth across various regions.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
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The Thin-Film PV Module Market has been segmented as following:

By Type

• Copper Indium Gallium Diselenide (CIGS)
• Amorphous Silicon (a-Si)
• Cadmium Telluride (CdTe)

By Application

• Building Integrated PV
• Rooftop applications
• Utility-scale applications

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• UK
• Spain'
• Others
• Middle East and Africa
• UAE
• Saudi Arabia
• Israel
• Others
• Asia Pacific
• China
• India
• Japan
• South Korea
• Thailand
• Taiwan
• Others