Market Overview:
The global perovskite photovoltaics market is expected to grow at a CAGR of over 28% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy and the rising concerns about climate change. In addition, the declining prices of solar PV modules are also contributing to the growth of this market. The global perovskite photovoltaics market can be segmented on the basis of type into normal structure and inverted structure. The normal structure segment is expected to account for a larger share of this market than the inverted structure segment during the forecast period. On the basis of application, this market can be divided into BIPV, utilities, automotive, and other applications.
Product Definition:
Perovskite photovoltaics are a type of solar cell that uses a perovskite material as the active layer. Perovskites are a class of materials with a specific crystal structure, and they have shown promise for use in solar cells due to their high efficiency and low cost.
Normal Structure:
The global perovskite photovoltaics market size was valued at USD 8.5 billion in 2016 and is expected to witness a CAGR of XX% over the forecast period. Increasing demand for clean energy, rising investments in the solar industry, growing awareness regarding environmental protection are some factors that will boost market growth during the forecast period.
In addition, favorable government policies such as feed-in-tariff.
Inverted Structure:
In inverted structure, the p-type and n-type materials are interleaved with each other along with a thin film between them. The resulting device has higher efficiency as compared to traditional solar cells.
The market for Perovskite photovoltaics is expected to witness significant growth over the forecast period owing to several benefits offered by these products such as low cost, high stability and purity along with ease of fabrication.
Application Insights:
The market is segmented into utility, automotive, other applications and regional segments. The utilities application segment accounted for the largest share of over 50% in 2017 owing to growing demand from residential and commercial buildings for electricity generation. Perovskite solar panels are lightweight; hence they reduce the weight of a battery which improves fuel efficiency and reduces CO2 emissions.
Perovskite solar cells have high energy conversion efficiency than conventional silicon based photovoltaic modules do; this factor is expected to increase their penetration rate in utility-scale installations during the forecast period. Moreover, these panels can be integrated with microgrids which further increases their usage rate across various regions globally due to its benefits such as increased power generation capacity along with improved grid stability & reliability as compared to conventional systems.
Regional Analysis:
Asia Pacific dominated the global perovskite photovoltaics market in 2016 and is expected to continue its dominance over the forecast period. The presence of key players such as China Huaneng Group, Japan's Toyota Tsusho, and Australia's SolarReserve has strengthened this regional market. In addition, favorable government policies coupled with rising awareness regarding renewable energy sources are anticipated to drive growth in this region.
The European perovskite solar industry is expected to witness significant growth over the next eight years owing to growing demand for BIPV installations from countries such as Germany and Italy that have adopted a policy of reducing carbon emissions through clean energy technologies including solar panels. Moreover, increasing R&D activities by major companies pertaining to improving efficiency of these devices will fuel overall growth during the forecast period.
North America accounted for more than 20% share in 2016 owing to high adoption rate of cost-effective renewable energy technologies across U.S.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of renewable energy sources
- Reduction in the cost of solar photovoltaic systems
- Development of new technologies that improve the efficiency of perovskite solar cells
- Growing awareness about the benefits of using solar energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Perovskite Photovoltaics Market Research Report
By Type
Normal Structure, Inverted Structure
By Application
BIPV, Utilities, Automotive, Other
By Companies
GreatCell Solar, Oxford PV, Saule Technologies, Fraunhofer ISE, FrontMaterials, CSIRO, Microquanta Semiconductor, Solaronix, Solar-Tectic, Solliance, GreatCell 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
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Perovskite Photovoltaics Market Report Segments:
The global Perovskite Photovoltaics market is segmented on the basis of:
Types
Normal Structure, Inverted Structure
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
BIPV, Utilities, Automotive, Other
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:
- GreatCell Solar
- Oxford PV
- Saule Technologies
- Fraunhofer ISE
- FrontMaterials
- CSIRO
- Microquanta Semiconductor
- Solaronix
- Solar-Tectic
- Solliance
- GreatCell Solar
Highlights of The Perovskite Photovoltaics 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:
- Normal Structure
- Inverted Structure
- By Application:
- BIPV
- Utilities
- Automotive
- Other
- 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 Perovskite Photovoltaics 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?
Perovskite photovoltaics is a type of solar energy technology that uses perovskites as the light-absorbing material in solar cells. Perovskites are materials made from a combination of oxygen, silicon and other elements, which can be tuned to absorb different wavelengths of light. This makes them an attractive choice for solar cells because they can convert more sunlight into electricity than traditional silicon-based cells.
Some of the key players operating in the perovskite photovoltaics market are GreatCell Solar, Oxford PV, Saule Technologies, Fraunhofer ISE, FrontMaterials, CSIRO, Microquanta Semiconductor, Solaronix, Solar-Tectic, Solliance, GreatCell Solar.
The perovskite photovoltaics market is expected to register a CAGR of 28%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Perovskite Photovoltaics 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 Perovskite Photovoltaics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Perovskite Photovoltaics 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 Perovskite Photovoltaics 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 Perovskite Photovoltaics Market Size & Forecast, 2018-2028
4.5.1 Perovskite Photovoltaics Market Size and Y-o-Y Growth
4.5.2 Perovskite Photovoltaics Market Absolute $ Opportunity
Chapter 5 Global Perovskite Photovoltaics 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 Perovskite Photovoltaics Market Size Forecast by Type
5.2.1 Normal Structure
5.2.2 Inverted Structure
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Perovskite Photovoltaics 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 Perovskite Photovoltaics Market Size Forecast by Applications
6.2.1 BIPV
6.2.2 Utilities
6.2.3 Automotive
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Perovskite Photovoltaics 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 Perovskite Photovoltaics 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 Perovskite Photovoltaics Analysis and Forecast
9.1 Introduction
9.2 North America Perovskite Photovoltaics 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 Perovskite Photovoltaics Market Size Forecast by Type
9.6.1 Normal Structure
9.6.2 Inverted Structure
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 Perovskite Photovoltaics Market Size Forecast by Applications
9.10.1 BIPV
9.10.2 Utilities
9.10.3 Automotive
9.10.4 Other
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 Perovskite Photovoltaics Analysis and Forecast
10.1 Introduction
10.2 Europe Perovskite Photovoltaics 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 Perovskite Photovoltaics Market Size Forecast by Type
10.6.1 Normal Structure
10.6.2 Inverted Structure
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 Perovskite Photovoltaics Market Size Forecast by Applications
10.10.1 BIPV
10.10.2 Utilities
10.10.3 Automotive
10.10.4 Other
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 Perovskite Photovoltaics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Perovskite Photovoltaics 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 Perovskite Photovoltaics Market Size Forecast by Type
11.6.1 Normal Structure
11.6.2 Inverted Structure
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 Perovskite Photovoltaics Market Size Forecast by Applications
11.10.1 BIPV
11.10.2 Utilities
11.10.3 Automotive
11.10.4 Other
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 Perovskite Photovoltaics Analysis and Forecast
12.1 Introduction
12.2 Latin America Perovskite Photovoltaics 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 Perovskite Photovoltaics Market Size Forecast by Type
12.6.1 Normal Structure
12.6.2 Inverted Structure
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 Perovskite Photovoltaics Market Size Forecast by Applications
12.10.1 BIPV
12.10.2 Utilities
12.10.3 Automotive
12.10.4 Other
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) Perovskite Photovoltaics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Perovskite Photovoltaics 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) Perovskite Photovoltaics Market Size Forecast by Type
13.6.1 Normal Structure
13.6.2 Inverted Structure
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) Perovskite Photovoltaics Market Size Forecast by Applications
13.10.1 BIPV
13.10.2 Utilities
13.10.3 Automotive
13.10.4 Other
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 Perovskite Photovoltaics Market: Competitive Dashboard
14.2 Global Perovskite Photovoltaics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GreatCell Solar
14.3.2 Oxford PV
14.3.3 Saule Technologies
14.3.4 Fraunhofer ISE
14.3.5 FrontMaterials
14.3.6 CSIRO
14.3.7 Microquanta Semiconductor
14.3.8 Solaronix
14.3.9 Solar-Tectic
14.3.10 Solliance
14.3.11 GreatCell Solar
