Market Overview:
The global perovskite solar cell market is expected to grow at a CAGR of over 20% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as increasing demand for energy, rising awareness about renewable energy sources and technological advancements in the perovskite solar cells. The global perovskite solar cell market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into normal structure and inverted structure. The normal structure segment dominates the global perovskite solar cell market owing to its high efficiency as compared to inverted structures.S., Canada and Europe coupled with government initiatives promoting rooftop installations across these regions.
Product Definition:
A perovskite solar cell is a type of solar cell that uses a perovskite-structured material as the active layer. Perovskite materials are typically composed of lead, iodide and methylammonium (CH3NH3PbI3).
The usage of perovskites in solar cells was first reported in 2009. Since then, the efficiency of these cells has increased at a rapid pace, with efficiencies reaching over 22% in early 2017.
Normal Structure:
Perovskite solar cells are a type of crystalline silicon cell that is manufactured using the same materials as conventional silicon cells; however, they exhibit superior properties such as high-temperature stability and efficiency in comparison to conventional ones. The product has been attracting attention from researchers and manufacturers due to its potential application in dye-sensitized solar cells (DSSC), which are thin film based on perovskite technology.
Inverted Structure:
In inverted structure, the organic cationic polymer is coated with an inorganic anion and vice versa. The presence of both positive and negative charges on the surface of such a cell results in higher efficiency as compared to conventional solar cells.
The research study highlights that perovskite solar cells with inverted structure have potential to enhance their performance by nearly 20% when it comes to power conversion efficiency if used under high-pressure conditions (around 1 atm).
Application Insights:
The market is segmented by application into residential use and commercial use. The commercial use was the largest application segment in 2017, accounting for over 75% of the global Perovskite solar cell market. Increasing demand for perovskite cells from various end-use industries including building & construction, automotive and transportation, healthcare & pharmaceuticals is expected to drive growth over the forecast period.
The residential sector accounted for a significant share in 2017 owing to increasing government initiatives promoting renewable energy sources such as solar power along with stable support policies by local governments across countries such as China, Japan, Germany and the U.S., are expected to boost industry expansion over next eight years or so.
Increasing R&D activities carried out by major players coupled with new product launches are anticipated to fuel industry expansion during future years when compared with present day levels at a CAGR of XX%.
Regional Analysis:
Asia Pacific dominated the global perovskite solar cell market in 2016 with a revenue share of over 45%. The region is expected to continue its dominance over the forecast period. This can be attributed to growing product demand as a result of increasing government initiatives and investments for sustainable energy solutions. For instance, in India, the Ministry of New and Renewable Energy has set an ambitious target of reaching 100 GW renewable power capacity by 2022 through various initiatives such as “UJALA Scheme†that provides financial assistance for installation of solar panels on houses.
The European market also accounted for a significant share owing to rising product adoption across several end-use industries such as automotive and electronics. Moreover, technological advancements related to perovskite material processing are expected to fuel regional growth during the forecast period.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of solar energy
- Reduction in the cost of solar cells and installation
- Development of new technologies that improve the efficiency of solar cells
- Increased awareness about the benefits of using solar energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Perovskite Solar Cell Market Research Report
By Type
Normal Structure, Inverted Structure
By Application
Residential Use, Commercial Use
By Companies
Crystalsol (CZTS), CSIRO, Dyesol, Fraunhofer ISE, FrontMaterials, G24 Power, Oxford Photovoltaics, Saule Technologies, Technical Research Centre of Finland (VTT), Weihua Solar, Crystalsol (CZTS)
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
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Perovskite Solar Cell Market Report Segments:
The global Perovskite Solar Cell 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
Residential Use, Commercial Use
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:
- Crystalsol (CZTS)
- CSIRO
- Dyesol
- Fraunhofer ISE
- FrontMaterials
- G24 Power
- Oxford Photovoltaics
- Saule Technologies
- Technical Research Centre of Finland (VTT)
- Weihua Solar
- Crystalsol (CZTS)
Highlights of The Perovskite 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:
- Normal Structure
- Inverted Structure
- By Application:
- Residential Use
- Commercial Use
- 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 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 perovskite solar cell is a type of solar cell that uses a mineral called perovskite to absorb sunlight. Perovskites are made up of tiny crystals and can be tuned to absorb specific wavelengths of light, making them an attractive option for solar cells.
Some of the major players in the perovskite solar cell market are Crystalsol (CZTS), CSIRO, Dyesol, Fraunhofer ISE, FrontMaterials, G24 Power, Oxford Photovoltaics, Saule Technologies, Technical Research Centre of Finland (VTT), Weihua Solar, Crystalsol (CZTS).
The perovskite solar cell market is expected to grow at a compound annual growth rate of 20%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Perovskite 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 Perovskite Solar Cell Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Perovskite 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 Perovskite 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 Perovskite Solar Cell Market Size & Forecast, 2020-2028 4.5.1 Perovskite Solar Cell Market Size and Y-o-Y Growth 4.5.2 Perovskite 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 Normal Structure
5.2.2 Inverted Structure
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 Residential Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Perovskite 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 Perovskite 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 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 Market Size Forecast by Applications
9.10.1 Residential Use
9.10.2 Commercial Use
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 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 Market Size Forecast by Applications
10.10.1 Residential Use
10.10.2 Commercial Use
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 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 Market Size Forecast by Applications
11.10.1 Residential Use
11.10.2 Commercial Use
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 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 Market Size Forecast by Applications
12.10.1 Residential Use
12.10.2 Commercial Use
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 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) Market Size Forecast by Applications
13.10.1 Residential Use
13.10.2 Commercial Use
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 Solar Cell Market: Competitive Dashboard
14.2 Global Perovskite Solar Cell Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Crystalsol (CZTS)
14.3.2 CSIRO
14.3.3 Dyesol
14.3.4 Fraunhofer ISE
14.3.5 FrontMaterials
14.3.6 G24 Power
14.3.7 Oxford Photovoltaics
14.3.8 Saule Technologies
14.3.9 Technical Research Centre of Finland (VTT)
14.3.10 Weihua Solar
14.3.11 Crystalsol (CZTS)