Perovskite Solar Cell Market by Structure (Mesoscopic, Planar), Type (Hybrid, Multi-Junction), Product, Technology, Application - Global Forecast 2024-2030


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Perovskite Solar Cell Market by Structure (Mesoscopic, Planar), Type (Hybrid, Multi-Junction), Product, Technology, Application - Global Forecast 2024-2030


The Perovskite Solar Cell Market size was estimated at USD 239.68 million in 2023 and expected to reach USD 331.91 million in 2024, at a CAGR 39.68% to reach USD 2,486.67 million by 2030.

Global Perovskite Solar Cell Market

Perovskite solar cells use perovskite-structured materials as the light-harvesting active layer. The term perovskite refers to the material's crystal structure, which has a specific arrangement of atoms. Perovskite solar cells have achieved significant attention in recent years due to their rapid progress in efficiency and relatively simple manufacturing processes. These novel photovoltaic cell generations include a perovskite structured compound, typically a tin halide-based material of hybrid organic-inorganic lead or as the light-harvesting active layer. Perovskite cells are a high-efficiency and potentially lower-cost alternative to traditional silicon-based solar cells. Advancements in perovskite technology improve efficiency and stability and reduce production costs compared to conventional silicon photovoltaics, driving market growth. The surge in demand for sustainable energy sources and several governmental subsidies and policies supporting renewable energy initiatives further fueled the market landscape. However, Concerns regarding the long-term durability and stability of perovskite solar cells and the limited full lifecycle analyses and recycling strategies hamper the market adoption. Enabling technologies for mass production and upscaling and developing flexible, transparent, and color-tunable perovskite solar modules create a lucrative market opportunity.

Regional Insights

The Americas has a significant landscape in the perovskite solar cell market as the regional countries are at the forefront of perovskite research and development. There is a substantial interest in adopting green technologies among enterprises and consumers to ensure energy security and combat climate change. The EU is dedicated to leading the transition towards sustainable energy. European consumers are environmentally aware, and there is a high demand for green building materials, providing a substantial market for perovskite technologies. The Middle East holds significant potential for solar energy. Countries are investing in solar energy infrastructure to diversify their energy sources. The Asia Pacific has a significant landscape in the perovskite solar cell market due to its rapid expansion in terms of production and installation of perovskite solar panels, with ample government investment in renewable energy. The early adoption of innovative technologies and the government has launched initiatives to foster a market conducive to renewable energy technologies.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Perovskite Solar Cell Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Perovskite Solar Cell Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Perovskite Solar Cell Market, highlighting leading vendors and their innovative profiles. These include Alfa Chemistry, CubicPV Technologies Inc., EneCoat Technologies Co., Ltd., G24 Power, Greatcell Solar Materials Pty. Ltd., Hangzhou Microquanta Co. Ltd., Hanwha Group, LONGi Green Energy Technology Co. Ltd., Microquanta Semiconductor, Oxford Photovoltaics Ltd., P3C Technology and Solutions Pvt. Ltd., Peccell Technologies, Inc., Perovskia Solar AG, QD Solar Inc., Rayleigh Solar Tech Inc., Saule Technologies, SEKISUI CHEMICAL CO., LTD., Solaires Entreprises Inc., Solar-Tectic LLC, Solaronix SA, Swift Solar Inc., and UniTest Inc..

Market Segmentation & Coverage

This research report categorizes the Perovskite Solar Cell Market to forecast the revenues and analyze trends in each of the following sub-markets:

Structure
Mesoscopic
Planar
Type
Hybrid
Multi-Junction
Product
Flexible
Rigid
Technology
One-Step Method
Thermal Vapor Deposition Method
Two-Step Method
Vapor-Assisted Solution Method
Application
Commercial
Industrial
Residential
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Perovskite Solar Cell Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Perovskite Solar Cell Market?
3. What are the technology trends and regulatory frameworks in the Perovskite Solar Cell Market?
4. What is the market share of the leading vendors in the Perovskite Solar Cell Market?
5. Which modes and strategic moves are suitable for entering the Perovskite Solar Cell Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Perovskite Solar Cell Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing awareness and shift towards renewable energy sources to fulfill electricity demand
5.1.1.2. Surge in rooftop installations of solar energy generations panels
5.1.1.3. Supportive government initiatives for encouraging solar energy applications
5.1.2. Restraints
5.1.2.1. High costs coupled with degradable characteristics of perovskite solar cells due to film quality and thickness
5.1.3. Opportunities
5.1.3.1. Rising investments and funding for perovskite solar cells development
5.1.3.2. Ongoing advancements in perovskite solar cells to boost cell efficiency
5.1.4. Challenges
5.1.4.1. Concerns regarding toxic nature of perovskite solar cells
5.2. Market Segmentation Analysis
5.2.1. Structure: High demand of planar design simplifies the manufacturing process
5.2.2. Type: Significant penetration of hybrid perovskite solar cells
5.2.3. Product: Proliferation demand of flexible perovskite solar cells
5.2.4. Application: Potential demand for perovskite solar cells in commercial application
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Perovskite Solar Cell Market, by Structure
6.1. Introduction
6.2. Mesoscopic
6.3. Planar
7. Perovskite Solar Cell Market, by Type
7.1. Introduction
7.2. Hybrid
7.3. Multi-Junction
8. Perovskite Solar Cell Market, by Product
8.1. Introduction
8.2. Flexible
8.3. Rigid
9. Perovskite Solar Cell Market, by Technology
9.1. Introduction
9.2. One-Step Method
9.3. Thermal Vapor Deposition Method
9.4. Two-Step Method
9.5. Vapor-Assisted Solution Method
10. Perovskite Solar Cell Market, by Application
10.1. Introduction
10.2. Commercial
10.3. Industrial
10.4. Residential
11. Americas Perovskite Solar Cell Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Perovskite Solar Cell Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Perovskite Solar Cell Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
14.3.1. New Product Launch & Enhancement
14.3.1.1. IIT-B Develops Perovskite Solar Cell with 26% Efficiency, likely the Highest in the World
14.3.1.2. LONGi Announces the New Efficiency of 31.8% for Perovskite/Crystalline Silicon Tandem Solar Cells Based on Commercial CZ Silicon Wafers
14.3.1.3. Swansea University Academics Develop World’s First Completely Roll-To-Roll Printable Perovskite Solar Cell
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. Alfa Chemistry
15.1.2. CubicPV Technologies Inc.
15.1.3. EneCoat Technologies Co., Ltd.
15.1.4. G24 Power
15.1.5. Greatcell Solar Materials Pty. Ltd.
15.1.6. Hangzhou Microquanta Co. Ltd.
15.1.7. Hanwha Group
15.1.8. LONGi Green Energy Technology Co. Ltd.
15.1.9. Microquanta Semiconductor
15.1.10. Oxford Photovoltaics Ltd.
15.1.11. P3C Technology and Solutions Pvt. Ltd.
15.1.12. Peccell Technologies, Inc.
15.1.13. Perovskia Solar AG
15.1.14. QD Solar Inc.
15.1.15. Rayleigh Solar Tech Inc.
15.1.16. Saule Technologies
15.1.17. SEKISUI CHEMICAL CO., LTD.
15.1.18. Solaires Entreprises Inc.
15.1.19. Solar-Tectic LLC
15.1.20. Solaronix SA
15.1.21. Swift Solar Inc.
15.1.22. UniTest Inc.
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
FIGURE 1. PEROVSKITE SOLAR CELL MARKET RESEARCH PROCESS
FIGURE 2. PEROVSKITE SOLAR CELL MARKET SIZE, 2023 VS 2030
FIGURE 3. PEROVSKITE SOLAR CELL MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. PEROVSKITE SOLAR CELL MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. PEROVSKITE SOLAR CELL MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. PEROVSKITE SOLAR CELL MARKET DYNAMICS
FIGURE 7. PEROVSKITE SOLAR CELL MARKET SIZE, BY STRUCTURE, 2023 VS 2030 (%)
FIGURE 8. PEROVSKITE SOLAR CELL MARKET SIZE, BY STRUCTURE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. PEROVSKITE SOLAR CELL MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 10. PEROVSKITE SOLAR CELL MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. PEROVSKITE SOLAR CELL MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
FIGURE 12. PEROVSKITE SOLAR CELL MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. PEROVSKITE SOLAR CELL MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
FIGURE 14. PEROVSKITE SOLAR CELL MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. PEROVSKITE SOLAR CELL MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 16. PEROVSKITE SOLAR CELL MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS PEROVSKITE SOLAR CELL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. AMERICAS PEROVSKITE SOLAR CELL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES PEROVSKITE SOLAR CELL MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 20. UNITED STATES PEROVSKITE SOLAR CELL MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC PEROVSKITE SOLAR CELL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC PEROVSKITE SOLAR CELL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA PEROVSKITE SOLAR CELL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA PEROVSKITE SOLAR CELL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. PEROVSKITE SOLAR CELL MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 26. PEROVSKITE SOLAR CELL MARKET SHARE, BY KEY PLAYER, 2023

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