Market Overview:
The global biohybrid solar cell market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources and the rising awareness about the benefits of using biohybrid solar cells. The global biohybrid solar cell market is segmented on the basis of type, application, and region. On the basis of type, silicon crystal, cadmium telluride, gallium arsenide, and others are included in this study. Silicon crystal is expected to hold a major share in terms of revenue in 2018 owing to its high efficiency as compared to other types. Cadmium telluride is projected to be one of fastest-growing segments during the forecast period due its low cost and high efficiency as compared with traditional silicon-based cells. By application, solar lighting accounted for majority share in 2017; however, commercial applications are anticipated witness highest growth rate over next decade owing growing demand from data centers across globe coupled with stringent government regulations mandating use renewable energy sources for powering these facilities . Military & aerospace sector constitutes significant portionApplication wise; however it will register comparatively lower CAGR than that observed for commercial sector over next decade .
Product Definition:
Biohybrid solar cells are solar cells that use biological materials to convert sunlight into electrical energy. The term "biohybrid" refers to the combination of two different technologies: traditional silicon-based solar cells and photosynthetic organisms such as bacteria or algae. Biohybrid solar cells have the potential to be more efficient than traditional silicon-based solar cells, and they may also be cheaper and easier to produce.
Silicon Crystal:
Silicon crystal is a key component in biohybrid solar cells. It's the main reason for the high efficiency of these cells as compared to conventional ones. The silicon crystal acts as an optical filter that allows only certain wavelengths of light to pass through while reflecting others back towards the cell thus increasing its power output.
The global silicon crystal market size was valued at USD 8,15,000 in 2015.
Cadmium Telluride:
Cadmium telluride (CdTe) is a type of thin-film material that has excellent optical properties. It is produced from the reaction between cadmium metal and telluric acid, which produces an insoluble form of cadmium telluride that requires thermal treatment to become soluble. CdTe solar cells are made from this soluble form and have better performance than conventional silicon-based solar cells in terms of efficiency.
Application Insights:
The commercial application segment accounted for the largest revenue share of over 60% in 2017. The growing demand for solar lighting products across offices, retail stores and public buildings is expected to have a positive impact on industry growth. Furthermore, rising adoption of biohybrid solar cells in military & aerospace applications owing to their high efficiency and durability is projected to fuel industry expansion over the forecast period.
The military & aerospace application segment was valued at USD 175 million in 2017 owing to increasing government expenditure towards research and development activities related with renewable energy generation systems within defense sectors across the globe. In addition, silicon based biohybrids offer higher efficiency than cadmium telluride or amorphous silicon photovoltaic modules when used as an aircraft wing surface reflector under sunlight conditions.
Regional Analysis:
The Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in solar panel installations, which, in turn, is driving demand for these cells. China and Japan are among the largest consumers of these cells owing to their high electricity demand and growing adoption of eco-friendly lighting solutions.
Europe was another major regional market that accounted for a significant revenue share in 2017 owing to rising product demand from countries such as Germany, Italy, France and U.K., where military & aerospace application held a prominent position across end-use industries such as energy & power or electronics industry.
Growth Factors:
- Increasing demand for renewable energy sources: The global biohybrid solar cell market is expected to grow at a significant rate in the next few years, owing to the increasing demand for renewable energy sources across the globe. Biohybrid solar cells are considered as one of the most promising and efficient technologies for harnessing solar energy.
- Rising awareness about benefits of using biohybrid solar cells: There has been a rise in awareness about the benefits of using biohybrid solar cells in recent years, which is likely to boost the market growth during the forecast period. Biohybrid solar cells offer several advantages over traditional photovoltaic (PV) cells, such as higher efficiency and lower cost of installation and maintenance.
- Technological advancements: The development of new technologies that can improve performance and reduce costs is expected to drive market growth in coming years. For instance, researchers have developed a new type of biohybrid cell that can achieve an efficiency level close to 20%, which is significantly higher than that offered by traditional PV cells.
Scope Of The Report
Report Attributes
Report Details
Report Title
Biohybrid Solar Cell Market Research Report
By Type
Silicon Crystal, Cadmium Telluride, Gallium Arsenide, Others
By Application
Solar Lighting, Commercial, Military & Aerospace, Others
By Companies
Jinko Solar, JA SOLAR, Trina Solar, LONGi Solar, Canadian Solar, Q CELLS, RISEN ENERGY, GCL-S, Talesun, First Solar, Wuxi Suntech Power, Photonix Solar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Biohybrid Solar Cell Market Report Segments:
The global Biohybrid Solar Cell market is segmented on the basis of:
Types
Silicon Crystal, Cadmium Telluride, Gallium Arsenide, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Solar Lighting, Commercial, Military & Aerospace, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Jinko Solar
- JA SOLAR
- Trina Solar
- LONGi Solar
- Canadian Solar
- Q CELLS
- RISEN ENERGY
- GCL-S
- Talesun
- First Solar
- Wuxi Suntech Power
- Photonix Solar
Highlights of The Biohybrid Solar Cell Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Silicon Crystal
- Cadmium Telluride
- Gallium Arsenide
- Others
- By Application:
- Solar Lighting
- Commercial
- Military & Aerospace
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Biohybrid Solar Cell Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A biohybrid solar cell is a type of solar cell that uses organic materials to create its electronic components. Biohybrid solar cells are made up of two or more different types of materials, which can be combined to form a single device. This allows the cells to be flexible and lightweight, which makes them easier and faster to produce than traditional silicon-based solar cells.
Some of the major players in the biohybrid solar cell market are Jinko Solar, JA SOLAR, Trina Solar, LONGi Solar, Canadian Solar, Q CELLS, RISEN ENERGY, GCL-S, Talesun, First Solar, Wuxi Suntech Power, Photonix Solar.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biohybrid Solar Cell Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Biohybrid Solar Cell Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biohybrid Solar Cell Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Biohybrid Solar Cell Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Biohybrid Solar Cell Market Size & Forecast, 2020-2028
4.5.1 Biohybrid Solar Cell Market Size and Y-o-Y Growth
4.5.2 Biohybrid Solar Cell Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Silicon Crystal
5.2.2 Cadmium Telluride
5.2.3 Gallium Arsenide
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Solar Lighting
6.2.2 Commercial
6.2.3 Military & Aerospace
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biohybrid Solar Cell Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Biohybrid Solar Cell Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Silicon Crystal
9.6.2 Cadmium Telluride
9.6.3 Gallium Arsenide
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Solar Lighting
9.10.2 Commercial
9.10.3 Military & Aerospace
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Silicon Crystal
10.6.2 Cadmium Telluride
10.6.3 Gallium Arsenide
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Solar Lighting
10.10.2 Commercial
10.10.3 Military & Aerospace
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Silicon Crystal
11.6.2 Cadmium Telluride
11.6.3 Gallium Arsenide
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Solar Lighting
11.10.2 Commercial
11.10.3 Military & Aerospace
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Silicon Crystal
12.6.2 Cadmium Telluride
12.6.3 Gallium Arsenide
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Solar Lighting
12.10.2 Commercial
12.10.3 Military & Aerospace
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Silicon Crystal
13.6.2 Cadmium Telluride
13.6.3 Gallium Arsenide
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Solar Lighting
13.10.2 Commercial
13.10.3 Military & Aerospace
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Biohybrid Solar Cell Market: Competitive Dashboard
14.2 Global Biohybrid Solar Cell Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jinko Solar
14.3.2 JA SOLAR
14.3.3 Trina Solar
14.3.4 LONGi Solar
14.3.5 Canadian Solar
14.3.6 Q CELLS
14.3.7 RISEN ENERGY
14.3.8 GCL-S
14.3.9 Talesun
14.3.10 First Solar
14.3.11 Wuxi Suntech Power
14.3.12 Photonix Solar
