CdTe Thin Film Solar Cell Market Was Dominated By First Solar Which Holds Over 95% Global Shipments Of This Type Of Thin Film Solar Cell
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Currently, the CdTe Thin Film Solar Cell market was dominated by First Solar, which holds over 95% global shipments of this type of thin film solar cell. Over the past years, there are dozens of enterprises had tried to enter this market (such as Abound Solar, PrimeStar Solar/GE Energy, Solexant, Canrom Photovoltaics, Bloo Solar and ARENDI SRL), but most of them failed.
The global production of CdTe Thin Film Solar Cell in 2012 was about 1.9 GW, and with the development of industry the production reached to nearly 3.7 GW in 2017.
Recent years, the sales of CdTe Thin Film Solar Cell industry are largely affected by the world economy. To the technology, the China market has a certain development space, but the popular Inverter in China made CdTe Thin Film Solar Cell market suffers greater pressure.
About the cost, the CdTe Thin Film Solar Cell cost is under 1 $/W, which will help the market development and competition with other technology of solar cell.
Finally, CdTe Thin Film Solar Cell is an oligopoly market; the tech and fund barrier to enter into this market is quite high.