Flexible Solar Panel Market Report 2025 (Global Edition)

Global Flexible Solar Panel Market Report 2024 Market Size Split by Type (Amorphous Silicon, Cadmium Telluride, Copper Indium Gallium Selenide, Others), by Application (Residential, Industrial, Aerosp...

Flexible Solar Panel Market Report Description

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Flexible Solar Panel Market Insights Video

Competitive Landscape of the Flexible Solar Panel Market

In the flexible solar panel market's competitive landscape, numerous key competitors are driving innovation and growth. These companies specialize in creating flexible solar panels made from materials such as amorphous silicon, cadmium telluride, and copper indium gallium selenide, offering lightweight and versatile solutions for renewable energy needs. Market rivalry is encouraging technological advancements to improve efficiency and durability, while also exploring new applications across industries like residential, industrial, aerospace, and automotive. This keeps the market dynamic and competitive as companies strive to meet both consumer demands and sustainability goals.

In May 2024, Olga Malinkiewicz launched printing thin and flexible solar cells using perovskite as a semiconductor. These lightweight solar cells can generate energy from both sunlight and artificial light and can be attached to various surfaces, enhancing accessibility to solar energy. (Source: https://www.epo.org/en/news-events/press-centre/press-release/2024/1147730) In March 2024, CSIRO successfully launched state-of-the-art printed flexible solar cell technology into space aboard Australia's largest private satellite, Optimus-1, as part of SpaceX's Transporter-10 mission. This technology aims to provide a reliable energy source for future space missions, addressing the challenge of developing low-mass, high-efficiency power systems for spacecraft. (Source: https://www.csiro.au/en/news/all/news/2024/march/csiros-next-gen-printed-flexible-solar-cells-launched-into-space)

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

• Solbian
• Sunpower Corporation
• Powerfilm Solar Inc.
• SoloPower System
• Enecom
• Miasole
• Alta Devices
• Global Solar Energy Inc.
• Sun Harmonics
• Flisom
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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!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Flexible Solar Panel Market

Which Region Dominates the Flexible Solar Panel Market in 2024?

According to Cognitive Market Research, North America currently dominates the Flexible Solar Panels market, and the region is expected to have significant growth during the projected period. This is due to the region's increasing adoption of renewable energy, and supportive government policies.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). These include rising energy demand, and government initiatives promoting renewable energy.

The current report Scope analyzes Flexible Solar Panel 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, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Flexible Solar Panel Market

According to Cognitive Market Research, the global Flexible Solar Panel market size was estimated at USD 481.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 192.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Flexible Solar Panel market with a market size of USD 151.87 million in 2024 and is projected to grow at a CAGR of 5.9% during the forecast period. The U.S. market's Stringent governmental regulations for renewable energy.
• The Canada Flexible Solar Panel market had a market share of USD 23.10 million in 2024 and is projected to grow at a CAGR of 6.9% during the forecast period. Canada’s rising awareness among the population for renewable energy.
• The Mexico Flexible Solar Panel market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 17.52 million in 2024.

Europe Flexible Solar Panel Market

According to Cognitive Market Research, the global Flexible Solar Panel market size was estimated at USD 481.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 144.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• The United Kingdom Flexible Solar Panel market had a market share of USD 24.25 million in 2024 and is projected to grow at a CAGR of 7.2% during the forecast period. In the UK, Flexible Solar Panel sales witness an upswing due to the increasing focus on environmental sustainability.
• The France Flexible Solar Panel market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 13.28 million in 2024.
• According to Cognitive Market Research, the German Flexible Solar Panel market size was valued at USD 28.58 million in 2024 and is projected to grow at a CAGR of 6.6% during the forecast period. In Germany, Flexible Solar Panel surged due to the Increased focus of the manufacturers and major market players.
• The Italy Flexible Solar Panel market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 12.41 million in 2024.
• The Russia Flexible Solar Panel market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 22.38 million in 2024.
• The Spain Flexible Solar Panel market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 11.84 million in 2024
• The Luxembourg Flexible Solar Panel market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 4.48 million in 2024.
• The Portugal Flexible Solar Panel market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 3.03 million in 2024.
• The Greece Flexible Solar Panel market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 1.73 million in 2024.
• The Rest of Europe's Flexible Solar Panel market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 22.38 million in 2024.

Asia Pacific Flexible Solar Panel Market

According to Cognitive Market Research, the global Flexible Solar Panel market size was estimated at USD 481.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 209.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.

• According to Cognitive Market Research, the China Flexible Solar Panel market size was valued at USD 49.80 million in 2024 and is projected to grow at a CAGR of 9.4% during the forecast period. Flexible Solar panels surged in China due to the Increased focus of the manufacturers and major market players.
• The Japan Flexible Solar Panel market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 15.27 million in 2024.
• The India Flexible Solar Panel market had a market share of USD 13.28 million in 2024 and is projected to grow at a CAGR of 11.7% during the forecast period. India's rising awareness among consumers and businesses about the benefits of renewable energy .
• The South Korean Flexible Solar Panel market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 11.07 million in 2024.
• The Australian Flexible Solar Panel market is projected to witness growth at a CAGR of 9.6% during the forecast period, with a market size of USD 5.76 million in 2024.
• The South East Asia Flexible Solar Panel market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 7.64 million in 2024.
• The Rest of Asia Pacific Flexible Solar Panel market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 7.86 million in 2024.

South America Flexible Solar Panel Market

According to Cognitive Market Research, the global Flexible Solar Panel market size was estimated at USD 481.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 24.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Flexible Solar Panel market size was valued at USD 10.30 million in 2024 and is projected to grow at a CAGR of 7.9% during the forecast period. Flexible Solar Panels flourished in Brazil due to growing investments in solar infrastructure.
• Argentina's Flexible Solar Panel market had a market share of USD 4.04 million in 2024 and is projected to grow at a CAGR of 8.2% during the forecast period. Argentina's rising personal disposable income.
• Colombia's Flexible Solar Panel market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 2.14 million in 2024.
• Peru's Flexible Solar Panel market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 1.97 million in 2024.
• Chile's Flexible Solar Panel market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 1.73 million in 2024.
• The Rest of Latin America's Flexible Solar Panel market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD 3.87 million in 2024.

Middle East and Africa Flexible Solar Panel Market

According to Cognitive Market Research, the global Flexible Solar Panel market size was estimated at USD 481.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 9.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.

• The GCC Countries Flexible Solar Panel market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 4.12 million in 2024. Flexible Solar Panel sales flourish due to the presence of major market players.
• The Egypt Flexible Solar Panel market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 1.01 million in 2024.
• The South Africa Flexible Solar Panel market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 1.52 million in 2024. Flexible Solar Panel sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Flexible Solar Panel market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 0.83 million in 2024.
• The Nigeria Flexible Solar Panel market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 1.01 million in 2024.
• The Rest of the MEA Flexible Solar Panel market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 1.14 million in 2024.

Flexible Solar Panel Market Analysis

Flexible Solar Panel Market Type Segment Analysis

According to Cognitive Market Research, Amorphous Silicon Flexible Solar Panels are likely to dominate the Flexible Solar Panel Market over the forecast period. This is because amorphous silicon panels are popular for their affordability and flexibility. They perform well in low light and are widely used in various applications, including residential and commercial settings. Their established technology and lower production costs contribute to their dominant position in the market.

The Copper Indium Gallium Selenide (CIGS) is the fastest-growing segment in the Flexible Solar Panel Market. This is due to CIGS panels offering higher efficiency and flexibility compared to other types. Their ability to generate more power from a smaller area and adapt to various surfaces drives their rapid growth in the market.

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 Flexible Solar Panel Industry. Request a Free Sample PDF!

Flexible Solar Panel Market Application Segment Analysis

According to Cognitive Market Research, the Residential segment holds the largest share of the market. This is due to the growing adoption of flexible solar panels for home use, driven by increased consumer awareness of renewable energy and government incentives for residential solar installations.

In the Flexible Solar Panel Market, the Aerospace sector has been expanding at a rapid pace. This is attributed to the increasing use of flexible solar panels in space missions and satellite applications, where their lightweight and flexible nature offers significant advantages. The demand for advanced solar technology in aerospace drives this rapid growth.

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

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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