“A major factor responsible for the surging sales of ultra-thin solar cells is their reducing costs of manufacturing”. The price of photovoltaic cells (PV) is an important factor that determines the final cost of solar electricity. Although the levelized cost of energy (LCoE) of photovoltaic panels is much lesser as compared to the other renewable energy sources, it is still significantly higher than the prices of fossil fuels. “As per the International Energy Agency (IEA), the LCoEs for coal and PVs are expected to be $55.7 per MWh (Megawatt-hour) and $66 per MWh respectively by 2020”.



“The report further says that the LCoEs of coal and PVs will be $57.3 per MWh and $40.0 per MWh respectively by 2040”. This sharp decline in the prices of the PVs will be caused because of the numerous research and development (R&D) activities being conducted on PV cells for enhancing their efficiency and reducing their costs across the world. The other major factor propelling the demand for these solar cells is the growing requirement of sustainable energy all over the world, on account of the depleting fossil fuel reserves and increasing pollution levels around the world.


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Besides the above-mentioned factors, the increasing concerns raised over the emissions caused due to the burning of fossil fuels for power generation is also contributing toward the soaring demand for ultra-thin solar cells across the world. Because of these reasons, “the revenue attained from the global sales of ultra-thin solar cells was recorded to be $30.0 million in 2019”. Furthermore, “the global ultra-thin solar cells market will progress at a CAGR of 56.9% from 2020 to 2030”, as per the predictions of the market research company, P&S Intelligence.


In recent years, numerous companies in the ultra-thin solar cells market have successfully won orders and commissioned their products, to help build brand image and customer trust.



For instance, in April 2019, Stadtwerke Waldkirch GmbH, a client of SunMan (Hong Kong) Ltd., commissioned a PV system, with a nominal output of 245 kilowatts (kW), on the rooftop of one of its office buildings in Germany. The PV system consists of lightweight, ultra-thin, glass-free crystalline modules supplied by SunMan (Hong Kong) Ltd. After this commissioning, SunMan also planned to introduce the product in other countries in Europe.



On similar lines, in December 2017, the eArche solar panels provided by SunMan (Hong Kong) Ltd. were installed on Byron Bay’s first solar train. Converting sunlight to electricity via the 6.4 kW eArche solar panels and storing it in a large battery, the train, which also had a diesel locomotive for emergency traction support, operated completely on clean energy.



Major players in the global ultra-thin solar cells market are SunMan (Hong Kong) Ltd., Flisom AG, Antec Solar GmbH, MetSolar, Nanosolar Inc., PowerFilm Solar Inc., Swift Solar, AZUR SPACE Solar Power GmbH, and SunFlare.