Next-Generation Solar Cell Market Report: Trends, Forecast and Competitive Analysis to 2030

Next-Generation Solar Cell Trends and Forecast

The future of the global next-generation solar cell market looks promising with opportunities in the residential, commercial, and utility markets. The global next-generation solar cell market is expected to reach an estimated $7.9 billion by 2030 with a CAGR of 15.7% from 2024 to 2030. The major drivers for this market are increasing demand for renewable energy and growing need to reduce carbon emissions.

A more than 150-page report is developed to help in your business decisions.

Next-Generation Solar Cell by Segment

The study includes a forecast for the global next-generation solar cell by material, installation, end use, and region.

Next-Generation Solar Cell Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Cadmium Telluride (CdTe)
• Copper Indium Gallium Selenide (CIGS)
• Amorphous Silicon
• Gallium-Arsenide
• Others

Next-Generation Solar Cell Market by Installation [Shipment Analysis by Value from 2018 to 2030]:

• On-Grid
• Off-Grid

Next-Generation Solar Cell Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Residential
• Commercial
• Utility

Next-Generation Solar Cell Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Next-Generation Solar Cell Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies next-generation solar cell companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the next-generation solar cell companies profiled in this report include-

• First Solar
• Hanwha Q Cells
• Ascent Solar Technologies
• Oxford PV
• Kaneka Solar Energy
• Flisom
• Solactron
• Mitsubishi Chemical Group
• Miasole
• Hanergy Thin Film Power Group

Next-Generation Solar Cell Market Insights

Lucintel forecasts that cadmium telluride is expected to witness highest growth over the forecast period due to its significant usage in the utility-scale solar industry and large-scale solar power plants given to its high efficiency and affordability.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Next-Generation Solar Cell Market

Market Size Estimates: Next-generation solar cell market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Next-generation solar cell market size by material, installation, end use, and region in terms of value ($B).

Regional Analysis: Next-generation solar cell market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different materials, installations, end uses, and regions for the next-generation solar cell market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the next-generation solar cell market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the next-generation solar cell market size?

Answer: The global next-generation solar cell market is expected to reach an estimated $7.9 billion by 2030.

Q.2 What is the growth forecast for next-generation solar cell market?

Answer: The global next-generation solar cell market is expected to grow with a CAGR of 15.7% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the next-generation solar cell market?

Answer: The major drivers for this market are increasing demand for renewable energy and growing need to reduce carbon emissions.

Q4. What are the major segments for next-generation solar cell market?

Answer: The future of the next-generation solar cell market looks promising with opportunities in the residential, commercial, and utility markets.

Q5. Who are the key next-generation solar cell market companies?

Answer: Some of the key next-generation solar cell companies are as follows:

• First Solar
• Hanwha Q Cells
• Ascent Solar Technologies
• Oxford PV
• Kaneka Solar Energy
• Flisom
• Solactron
• Mitsubishi Chemical Group
• Miasole
• Hanergy Thin Film Power Group

Q6. Which next-generation solar cell market segment will be the largest in future?

Answer: Lucintel forecasts that cadmium telluride is expected to witness highest growth over the forecast period due to its significant usage in the utility-scale solar industry and large-scale solar power plants given to its high efficiency and affordability.

Q7. In next-generation solar cell market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the next-generation solar cell market by material (cadmium telluride (CdTe), copper indium gallium selenide (CIGS), amorphous silicon, gallium-arsenide, and others), installation (on-grid and off-grid), end use (residential, commercial, and utility), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?