Copper Indium Gallium Selenide (CIGS) Solar Cell Market
Report ID: SQMIG55F2037
Report ID: SQMIG55F2037
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Report ID:
SQMIG55F2037 |
Region:
Global |
Published Date: December, 2025
Pages:
182
|Tables:
64
|Figures:
77
Copper Indium Gallium Selenide (CIGS) Solar Cell Market size was valued at USD 3.3 Billion in 2024 and is poised to grow from USD 3.89 Billion in 2025 to USD 14.42 Billion by 2033, growing at a CAGR of 17.8% during the forecast period (2026–2033).
Photovoltaic thin films include CIGS-based devices. Though other energies are driven by politics and social or economic changes in the society about CIGS development, solar panel market expansion is a step that leads to the profitable idea of solar panels power generation. Also, in comparison with similar technologies regarding the growth of the CIGS solar cell industry is primarily due to increases in CIGS solar cells efficiency and also rapid power generation time. Solar Frontier set a record anywhere with a 1 cm2 CIS solar cell of 23. This is the best-proved efficiency an individual cell can have thus far. The market is increasing in part due to the increased use of CIGS solar cells which have different applications for residential utilities, commercial establishments and substations in the industrial sector.
Thus, the building of smart cities and buildings together with the demand to have an off-grid power scenario is likely to inspire increased usage of CIGS solar cells. Superior growth spurred by the continuously increasing subscription of renewable sources of energy and demand for superior-perform technology across sun generation. CIGS solar cells which received popularity for their low movie manufacture have obvious advantages such as, lightweight style, flexibility and better overall performance in darkness-lit conditions. The marketplace has seen an influx of studies and improvement sports looking lower back to enhance the output and cost-saving traits of CIGS photovoltaic cells. Some of the driving forces for this marketplace include government efforts to promote readily available energy, enhancement in thin-film technologies, and increasing emphasis on renewable energy solutions.
US Copper Indium Gallium Selenide (CIGS) Solar Cell Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2026-2033
Global Market Size
USD 2.8 billion
Largest Segment
Residential
Fastest Growth
Commercial & Industrial
Growth Rate
17.8% CAGR
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Global Copper Indium Gallium Selenide (CIGS) Solar Cell Market is segmented by Type, Application, Form, Power Output, End User and region. Based on Type, the market is segmented into Electrospray Deposition, Chemical Vapour Deposition, Co-evaporation and Film Production. Based on Application, the market is segmented into Building Integrated Photovoltaic (BIPV), Transportation, Consumer Electronics and Industrial. Based on Form, the market is segmented into Thin Film, Flexible and Glass-Based. Based on Power Output, the market is segmented into Under 50 kW, 50-100 kW, 100-200 kW and Above 200 kW. Based on End User, the market is segmented into Residential, Commercial, Industrial and Utilities. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
It is anticipated that during the predicted period it would expand at a CAGR of almost 10%. The automotive industry, which is predicted to have the fastest market growth due to rising demand for electric vehicles (EVs) and a growing interest in carbon emission reduction, is expanding in popularity. Since they are flexible and have a high efficiency compared to other solar cell types, CIGS solar cells are an excellent choice for EV integration.
During the projection period, it is anticipated to expand at a CAGR of about 15%. Due to the expanding use of unmanned aerial vehicles (UAVs) and the rising demand for flexible, lightweight solar cells for use in space applications, the aerospace and defence sector is also anticipated to experience substantial growth over the projection period.
The dominant segment in the residential end-user segment is expected to be the single-family homes, which is expected to grow at a CAGR of around 11.3% during the forecast period. The residential end-user segment involves the installation of solar panels on residential rooftops to generate electricity for individual households. The increasing demand for sustainable energy solutions, along with the decreasing cost of solar panel installation, is expected to drive the growth of this segment.
The commercial and industrial end-user segment is expected to be the offices, which is expected to grow at a CAGR of around 10.5% during the forecast period. The commercial and industrial end-user segment involves the installation of solar panels on commercial and industrial buildings, such as offices, malls, and factories, to generate electricity. The increasing demand for sustainable energy solutions in commercial and industrial buildings, along with the decreasing cost of solar panel installation, is expected to drive the growth of this segment.
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The Asia-Pacific region is expected to hold the largest share of the CIGS solar cells market due to the presence of a large number of manufacturers and the increasing adoption of renewable energy in countries like China, Japan, and India. China is expected to dominate the market in this region due to its large population and the increasing demand for energy.
The European region is expected to hold a significant share in the CIGS solar cells market due to the increasing demand for sustainable energy solutions and the presence of government campaigns to encourage the usage of renewable energy. The key countries in this region include Germany, France, and the United Kingdom.
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Competition from Other Solar Technologies to Hinder Market Growth
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In addition to these major players, there are also several emerging players and startups that are working to develop innovative CIGS solar cell technologies and enter the market. The intense competition in the market is driving players to invest in research and development to stay ahead of the competition and maintain their market position.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global Copper Indium Gallium Selenide (CIGS) solar cells market is expected to grow significantly in the coming years, driven by factors such as increasing demand for renewable energy sources, government initiatives and subsidies, and the declining cost of solar energy. CIGS solar cells have several advantages over other types of solar cells, including high efficiency, flexibility, and low manufacturing costs. Asia-Pacific is expected to emerge as the fastest-growing region in the market, driven by factors such as increasing demand for energy, rising population, and government initiatives to promote renewable energy sources. There are many players working in the market, which is very competitive. These businesses engage in a variety of operations, including CIGS solar cell production, marketing, and distribution. The growing need for renewable energy sources and the benefits that CIGS solar cells provide over other types of solar cells are projected to cause a large increase in the global market for CIGS solar cells over the next few years. With a large number of competitors competing in the market and driving innovation and technological developments, the market is extremely competitive and dynamic.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 3.3 Billion |
| Market size value in 2033 | USD 14.42 Billion |
| Growth Rate | 17.8% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Copper Indium Gallium Selenide (CIGS) Solar Cell Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Copper Indium Gallium Selenide (CIGS) Solar Cell Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Copper Indium Gallium Selenide (CIGS) Solar Cell Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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