CIGS Solar Cell Market Report 2025 (Global Edition)

Global CIGS Solar Cell Market Report 2025 Market Size Split by Application (Residential, Commercial, Ground Station), by Film thickness (1-2 micrometers, 2-3 micrometers, 3-4 micrometers), by Depositi...

CIGS Solar Cell Market Report Description

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Impact of Trumph Tariff on Energy and Power Industry

In 2025, global trade entered a turbulent phase as the U.S., under President Donald Trump, introduced aggressive "Liberation Day Tariffs" to address trade imbalances. These tariffs, ranging from 10% to 46%, heavily impacted the energy and power sector, which relies on global supply chains for critical components like rare earth metals, solar panels, wind turbines, and lithium. The U.S.–China trade war escalated, with reciprocal tariffs and China's trade surplus with the U.S. reaching USD 102.6 billion. Retaliatory tariffs from the EU and Canada further disrupted energy supply chains, raising material costs and causing delays in key projects.

The U.S. imposed a 20% tariff on rare earths, impacting EVs and clean tech; 25% on solar panels, increasing installation costs; 15–25% on wind turbine parts, affecting project timelines; and 10–15% on oil and gas equipment, pushing producers to rethink supply networks. Sub-sectors like renewables, EVs, oil & gas, and power generation are all experiencing rising costs, supply bottlenecks, and delayed investments. For instance, solar and wind projects now face 10–30% higher costs, and EV producers are struggling with battery input inflation.

China remains central to the U.S. energy supply chain, with even indirect imports via countries like Vietnam and Malaysia tightly linked to Chinese inputs. As a result, U.S. energy firms are exploring alternative sourcing from Southeast Asia, Latin America, and domestic production to reduce exposure. However, switching suppliers requires significant investment, coordination, and time.

In this volatile environment, market research is critical. It helps energy firms map supplier risks, track price trends, and explore alternative sourcing. It enables supply chain optimization through AI and predictive analytics, while regulatory tracking and scenario planning allow companies to anticipate future disruptions. Energy firms like NextEra and First Solar are responding by diversifying suppliers, investing in local production, and leveraging digital tools to improve procurement and adapt to tariff-driven challenges. Those using data-driven strategies and flexible operations are best positioned to thrive amid rising trade tensions.

Competitive Landscape - CIGS Solar Cells Market

The adoption of CIGS solar cells is influenced by how competitive their market is when compared to other photovoltaic technologies. The use of these materials in construction is governed by building laws and standards, and the cost and availability of the materials affect production and cost. While cost reductions are achieved through process optimization and manufacturing scale reductions, technological developments in CIGS thin-film solar cells are centered on enhancing their efficiency, durability, and scalability. The deployment of renewable energy is encouraged by government regulations and subsidies, which affects the market for CIGS thin-film solar cells.

For example,
In July 2022, Hanwha Q cells acquired 66% of LYNQTHECH Gmbh a subsidiary of Ener City AG to further its focus as a full-service provider of clean energy solutions for residential and commercial end users. This strategic investment will result in synergies for both partners, particularly in energy solutions relating to solar energy, electromobility, and smart technologies. While LYNQTECH benefits from the financial strength of the Hanwha Group and Hanwha Qcells' international footprint, Hanwha Qcells strengthens its competencies in software and IT-based energy solutions with this investment and thus its role as a full-service provider of clean energy solutions beyond the manufacturing of solar cells and modules.

Source (https://www.hanwha.com/en/news_and_media/press_release/hanwha-qcells-invests-in-energy-platform-lynqtech.html#:~:text=On%20July%2014%2C%202022%2C%20Hanwha,to%20disclose%20the%20purchase%20price.)

For example, 
In January 2022 Ascent Solar Technologies partnered with Momentus, a developer and manufacturer pf novel last space solutions to produce customized flexible CIGS PV modules to provide power to a demonstration deployable PV array to fly on an upcoming Vigoride Spacecraft. This achievement also validates Ascent’s CIGS material, manufacturing, integration, and quality processes, representing a significant milestone for its space solutions. Ascent’s bare PV modules have operated as expected in the space environment since being deployed, while this on-orbit demonstration verifies and builds upon the positive results of the MISSE-X experiment with NASA on the ISS. This milestone further validates the robustness of the Company’s portfolio of CIGS intellectual properties for space applications.

Source (https://www.azocleantech.com/news.aspx?newsID=34441)

Top Companies Market Share in CIGS Solar Cell Industry: (In no particular order of Rank)

• Solar Frontier
• SoloPower
• Stion
• Avancis (CNBM)
• Manz
• Dow Solar (NuvoSun)
• Siva Power
• Hanergy
• Solibro
• Miasole
• Global Solar
• ISET
• Flisom
• HelioVolt
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Which region dominates the market in 2023, and which region is expanding at the fastest CAGR?

Asia Pacific dominates the worldwide CIGS solar cell market in terms of market share, primarily due to the growing influence of the electronics and electrical sectors. This region is seeing a significant increase in the installation of solar-based capacity. India, China, South Korea, Thailand, and other countries have seen significant increases in investment in the power-generating sector. Europe's booming industrial sector has a big role in how the continent is mapped to the global CIGS solar cell market. Investments in its electricity and energy sectors are also contributing to its growth. Throughout the projection period, Europe is anticipated to increase at the fastest rate.

The current report Scope analyzes CIGS Solar Cell Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

CIGS Solar Cell Market Analysis

Segment Analysis of CIGS Solar Cell Market

The CIGS Solar Cell market report categorizes competitors based on , offering a detailed analysis of their products and business strategies. This segmentation is essential for understanding the different facets of the market, providing valuable insights into each category. Key information for each segment includes definitions, advantages, real-world use cases, technological advancements, regional benefits, and other relevant factors that differentiate each type within the market. Furthermore, the report highlights the growth trajectories of these segments, detailing metrics such as market share, revenue figures, and compound annual growth rates over the forecast period. This allows stakeholders to understand the performance and potential of each segment, aiding in better decision-making and strategic planning. (For more comprehensive details, you can request a sample of the pages or contact our team directly)

of CIGS Solar Cell analyzed in this report are as follows:

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of CIGS Solar Cell Industry. Request a Free Sample PDF!

The dominant segment in the application segment is expected to be the residential application. This 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 market growth. 

The above Graph is for representation purposes only. This chart does not depict actual Market share.

CIGS Solar Cell Film thickness Segment Analysis

Based on the film thickness, the global market is divided into 1-2, 2-3, and 3-4 micrometer segments. Usually, the CIGS absorber layer has a thickness of 2-3.5-2.5 μm. With a comparatively high absorption coefficient of 105 cm1 at 1.4 eV and above, CIGS can absorb almost 90% of the solar spectrum through an absorber sheet that is only 0.5 μm thick.

• 1-2 micrometers
• 2-3 micrometers
• 3-4 micrometers

CIGS Solar Cell Deposition Segment Analysis

Based on deposition, the global market is divided into four segments: co-evaporation, chemical vapor, electrospray, and film manufacturing. The most widely used method for synthesizing CIGS is co-evaporation. Copper, gallium, and indium are co-evaporated, or air sputtering, onto a substrate at ambient temperature, followed by the annealing of the resultant film in selenium vapor.

• Electrospray
• Chemical vapor
• Co-evaporation
• Film production

CIGS Solar Cell End user Segment Analysis

The global market can be divided into categories such as autos, electronics and electrical, energy and power, and others based on the end-user. A substantial portion of the market was accounted for by the energy and power sector. Compared to other solar cells, CIGS solar cells have higher performance efficiencies, which is driving rising demand for them in a range of power and energy applications. The laboratory CIGS cell operates at an advanced efficiency level, and efforts are being made to enhance this level of efficiency through various technological advancements.

• Automobiles
• Electronics and electronics
• Energy and Power
• Others

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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