| Product Code: ETC13220581 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Copper Indium Gallium Selenide Solar cells Market was valued at USD 1.3 Billion in 2024 and is expected to reach USD 3.2 Billion by 2031, growing at a compound annual growth rate of 8.24% during the forecast period (2025-2031).
The Global Copper Indium Gallium Selenide (CIGS) solar cells market is expected to witness significant growth in the coming years due to increasing demand for renewable energy sources. CIGS solar cells offer advantages such as high efficiency, flexibility, and lower manufacturing costs compared to traditional silicon-based solar cells. The market is driven by government initiatives promoting clean energy, technological advancements in CIGS technology, and the growing awareness of sustainable energy solutions. Key players in the market include Solar Frontier, Hanergy, and Avancis GmbH, among others. Asia-Pacific is anticipated to dominate the CIGS solar cells market due to the presence of major manufacturers in countries like China, Japan, and South Korea. Overall, the global CIGS solar cells market is poised for substantial growth as the world transitions towards a more sustainable energy future.
The Global Copper Indium Gallium Selenide (CIGS) solar cells market is experiencing growth due to the increasing demand for renewable energy sources. CIGS solar cells offer high efficiency, flexibility, and lower production costs compared to traditional silicon-based solar cells. The market is witnessing advancements in technology, such as improved efficiency levels and enhanced durability, driving their adoption in various applications. The rising focus on sustainability and the transition towards clean energy sources are creating opportunities for the CIGS solar cells market to expand further. Additionally, government initiatives and incentives to promote renewable energy adoption are boosting market growth. Overall, the CIGS solar cells market is poised for continued growth and innovation in the coming years.
The Global Copper Indium Gallium Selenide (CIGS) Solar cells market faces several challenges including high production costs due to the complex manufacturing process involved in producing CIGS solar cells, limited availability of raw materials such as indium and gallium, competition from other types of solar technologies like silicon-based solar cells, and efficiency issues related to CIGS cells compared to traditional solar panels. Additionally, the fluctuating prices of raw materials and the need for continuous research and development to improve efficiency and reduce costs are ongoing challenges for the CIGS solar cell market. Despite these challenges, increasing awareness about the benefits of renewable energy sources and government incentives for solar energy adoption are driving growth in the market.
The Global Copper Indium Gallium Selenide (CIGS) solar cells market is primarily driven by increasing demand for renewable energy sources, rising investments in solar energy projects, and growing awareness about the environmental benefits of solar power. Additionally, the efficiency and cost-effectiveness of CIGS solar cells compared to traditional silicon-based solar panels are driving their adoption across various applications. Technological advancements in CIGS technology, such as higher conversion efficiencies and flexibility in design, are also contributing to the market growth. Government incentives and initiatives to promote clean energy solutions further support the expansion of the CIGS solar cells market globally. Overall, the shift towards sustainable energy solutions and the advantages offered by CIGS solar cells are key drivers propelling market growth.
Government policies related to the Global Copper Indium Gallium Selenide (CIGS) Solar cells market primarily focus on promoting renewable energy sources and reducing carbon emissions. Many governments offer financial incentives such as tax credits, subsidies, and feed-in tariffs to encourage the adoption of CIGS solar technology. Additionally, policies often include renewable energy mandates and targets to increase the share of solar power in the overall energy mix. Some countries also provide research and development funding to support innovation in CIGS technology and manufacturing processes. Overall, government policies play a crucial role in driving the growth of the Global CIGS Solar cells market by creating a favorable regulatory environment and supporting the transition to sustainable energy sources.
The Global Copper Indium Gallium Selenide (CIGS) solar cells market is expected to witness significant growth in the coming years, driven by the increasing demand for renewable energy sources and the growing emphasis on sustainability. CIGS technology offers several advantages, including high efficiency, flexibility, and lower production costs compared to traditional silicon-based solar cells. The market is projected to expand further as advancements in technology lead to improved efficiency and durability of CIGS solar cells. Additionally, government initiatives and incentives aimed at promoting the adoption of solar energy are likely to bolster market growth. With a shift towards clean energy solutions and a focus on reducing carbon emissions, the future outlook for the CIGS solar cells market appears promising.
In the Global Copper Indium Gallium Selenide (CIGS) Solar Cells market, Asia is a key region driving growth due to the presence of major manufacturers in countries like China and Japan. North America is also a significant market, with the United States leading in research and development activities for CIGS technology. Europe has a strong focus on renewable energy, making it a promising market for CIGS solar cells. The Middle East and Africa region is showing increasing interest in adopting solar energy solutions, presenting opportunities for market growth. Latin America is gradually embracing solar technology, with countries like Chile and Mexico investing in solar projects, indicating a growing market potential for CIGS solar cells in the region.
Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Revenues & Volume, 2021 & 2031F |
3.3 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market - Industry Life Cycle |
3.4 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market - Porter's Five Forces |
3.5 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Revenues & Volume Share, By Film Thickness, 2021 & 2031F |
3.8 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Trends |
6 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, 2021 - 2031 |
6.1 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Electrospray Deposition, 2021 - 2031 |
6.1.3 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Chemical Vapour Deposition, 2021 - 2031 |
6.1.4 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Co-evaporation, 2021 - 2031 |
6.1.5 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Film Production, 2021 - 2031 |
6.2 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Film Thickness, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By 1-2 Micro Meters, 2021 - 2031 |
6.2.3 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By 2-3 Micro Meters, 2021 - 2031 |
6.2.4 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By 3-4 Micro Meters, 2021 - 2031 |
6.3 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By End User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Automobiles, 2021 - 2031 |
6.3.3 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Electronics and Electrical, 2021 - 2031 |
6.3.4 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Energy and Power, 2021 - 2031 |
6.3.5 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Overview & Analysis |
7.1 North America Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Revenues & Volume, 2021 - 2031 |
7.2 North America Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Film Thickness, 2021 - 2031 |
7.5 North America Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Overview & Analysis |
8.1 Latin America (LATAM) Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Film Thickness, 2021 - 2031 |
8.5 Latin America (LATAM) Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Overview & Analysis |
9.1 Asia Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Film Thickness, 2021 - 2031 |
9.5 Asia Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Overview & Analysis |
10.1 Africa Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Film Thickness, 2021 - 2031 |
10.5 Africa Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Overview & Analysis |
11.1 Europe Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Film Thickness, 2021 - 2031 |
11.5 Europe Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Overview & Analysis |
12.1 Middle East Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By Film Thickness, 2021 - 2031 |
12.5 Middle East Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Key Performance Indicators |
14 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market - Export/Import By Countries Assessment |
15 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market - Opportunity Assessment |
15.1 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Opportunity Assessment, By Film Thickness, 2021 & 2031F |
15.4 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market - Competitive Landscape |
16.1 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Revenue Share, By Companies, 2024 |
16.2 Global Copper Indium Gallium Selenide Solar cells (Ci(G)S) Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |