Flexible PV Cell Market

The global Flexible PV Cell market was valued at 1.85 Million USD in 2021 and will grow with a CAGR of 4.53% from 2021 to 2027.

The prime objective of Flexible PV Cell Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Flexible PV Cell Market covers market segmentation by major market vendors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

A flexible PV cell which is also known as thin film solar cell that is made by depositing very thin layers of photovoltaics material on any kind of substrate, such as, paper, tissue, plastic, glass or metal. It is one of the most revolutionary and epoch making technologies in the sector of solar energy.The significance of the word flexible is that, these kind of solar cells are not like those traditional big, bulky solar panels which is very common nowadays, these are literally flexible, very thin, lightweight, have very little installation cost and can be installed anywhere without going much trouble. Thickness of a typical cell varies from a few nanometers to few micrometers, whereas its`s predecessor crystalline-silicon solar cell (c-Si) has a wafer size up to 200 micrometers. In Flexible PV Cell Market , we define flexible PV cells as PV modues fabricated on flexible substrate materials (most commonly used substrates are polyimide, polyethylene terephthalate (PET), polyethylene naphthalate (PEN), and metal foils such as stainless steel (SS) and titanium (Ti)), including flexible a-Si thin lm cells, flexible CIGS cells, flexible CdTe cells, OPV cells, flexible DSSC and flexible perovskite PV. Silicon (Si) solar cells dominate the PV market (92%) followed by cadmium telluride (CdTe, 5%), copper indium gallium selenide (CuInGaSe2or CIGS, 2%) and amorphous silicon (a-Si:H, ~1%). Si wafer with thickness around 180 m is the traditional materialbeing used for module manufacturing and it has attained signi cant level of maturity at the industrial level. Its production cost is amajor concern for energy applications. About 50% of the cost of Si solar cells production is due to Si substrate, and device processingand module processing accounts for 20% and 30% respectively. An alternate to Si solar cells is the thin lm solar cells fabricated on glass substrates. The main demerits of using glass substratesare fragile nature of modules, cost of glass wafer having thickness of 300-400 m, and low speci c power (kW/kg) etc. Speci c poweris an important factor when solar cells are used in space applications. A high speci c power exceeding 2 kW/kg can be achieved by exible solar cells on polymer lms which is useful for terrestrial as well as space applications. Production cost can be lowered byusing exible substrates and roll-to-roll production (R2R) technique. Apart from light weight, exibility and less cost of installation, exible cell processing involves low thermal budget with low material consumption. Other than solar cell applications, smallerspecialized applications are beginning to become more viable independent markets, including applications for mobile power and building or product integration, which can bene t greatly from exible thin lm options. Flexible cells on buildings (known asbuilding integrated photovoltaics or BIPV) can minimize the cost of support, shipments etc., and installations can be handled easily.

However, exible solar cell technology is less mature when compared to the cells fabricated on rigid substrate counterpart. Due to four main requirements - high e ciency, low-cost production, high throughput and high speci c power, a major researchand development focus has been shifted towards exible solar cells. It can o er a unique way to reach terawatt scale installation byusing high throughput R2R fabrication technique. Most commonly used substrates are polyimide, polyethylene terephthalate (PET), polyethylene naphthalate (PEN), and metal foils such as stainless steel (SS) and titanium (Ti). The performance of exible solar cells is comparable to rigid substrates. Flexible substrates are more advantageous than standardsoda-lime glass (SLG) substrates. As mentioned below, there are several merits of using exible substrates: Flexible modules are best suited for curved surfaces and used in BIPV. Since modules are produced from thin lm materials it issuitable for mass production. An important bene t is that it has potential to reduce the production cost. R2R deposition is bene cial in terms of production costthan that of rigid substrates. Glass cover is an added expense when rigid substrates are used. Materials required to produce CIGS, CdTe and a-Si:H exible modules are much cheaper than conventional Si wafer, glass cover,frames used in Si modules. For roof top application, exible modules are ideal due to light weight. Using lightweight support, it can be installed over the rooftop where glass covered conventional heavy and bulky Si modules are not suitable when roof test fails due to an added weight andstructural issues. Flexible modules can also be installed over the roof of the vehicle, uneven surfaces of building. Installation/labor cost is much lower for exible modules due to less installation time since racking assembly, glass cover etc. arenot required. Low power output exible modules for example a-Si:H require large number of modules to get desired output which can beinstalled easily above the roof top. Glass covered rigid modules are fragile. Flexible modules are not fragile it can be rolled up, transported and handled easily. Photovoltaic (PV) technologies are basically divided into two big categories: wafer-based PV (also called 1st generation PV) and thin-film cell PV. The emerging thin-film PVs are also called 3rd generation PVs, which refer to PVs using technologies that have the potential to overcome Shockley-Queisser limit or are based on novel semiconductors. The 3rd generation PVs include DSSC, organic photovoltaic (OPV), quantum dot (QD) PV and perovskite PV. The cell efficiencies of perovskite are approaching that of commercialized 2nd generation technologies such as CdTe and CIGS. Other emerging PV technologies are still struggling with lab cell efficiencies lower than 15%. In the industry, Sun Harmonics shipments most in 2019 and recent years, while HyET Solar and PowerFilm, Inc. ranked 2 and 3. The top 3 Flexible PV Cell manufacturers accounted for around 62% revenue market share in 2019. The manufacturer headquarters is mainly distributed in North America, Europe, China and Japan.

There are six types of Flexible PV Cell including Flexible CIGS Solar Cells, Flexible a-Si Solar Cells, Organic Solar Cells (OPV), Flexible CdTe Solar Cells, Flexible DSSC, Flexible Perovskite Solar Cells. In addition, the application consists of BIPV, Transportation & Mobility, Defense & Aerospace, Consumer & Portable Power. BIPV occupied nearly 51% of global flexible PV Cell sales market share in 2019.

By Market Vendors:

• PowerFilm, Inc.
• Panasonic
• infinityPV
• Flisom
• Sun Harmonics
• F-WAVE Company
• Heliatek GmbH
• HyET Solar
• Ascent Solar Technologies, Inc

By Types:

• CIGS
• a-Si
• OPV

By Applications:

• BIPV
• Transportation & Mobility
• Defense & Aerospace
• Consumer & Portable Power

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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