Perovskite Solar Cells Market Size, Opportunities, Trends, Growth Factors, Revenue Analysis, For 2021–2028

Perovskite Solar Cells Market
Perovskite Solar Cells Market

The global perovskite solar cells market is expected to reach USD 3,926.0 Million by 2028, according to a new report by Reports and Data. These products comprise a perovskite-organized compound as an active light-absorbing layer and are deployed in a variety of end-user applications.

Higher efficiency delivered by perovskite solar cells than conventional ones is one of the major factors influencing market growth. It is an evolving thin-film class photovoltaics also popular as 3rd generation photovoltaics having the potential to deliver improved current efficiency and performance limits. The product intends to enhance the efficiency of the cells and reduce the cost of solar energy. These types of solar cells can reach a wide spectrum of light and hence can convert more solar power into electricity. As per the U.S. Department of Energy, Perovskite solar cells have displayed notable advancement in recent years with swift improvement in conversion efficiency, from around 3% in 2006 to more than 24% in 2019.

Growing environmental concerns about reduction of carbon emission may drive the market in the upcoming years. The product provides clean energy by tapping solar energy, and thereby benefitting the environment. It acts as an alternative source of energy to fossil fuels, thus reducing carbon footprint, as well as reducing greenhouse gas across the globe.  In the past years, the product has outperformed all other third-generation photovoltaic technologies in terms of conversion efficiency.

Additionally, advancements in technology for producing perovskite solar cells are likely to fuel the growth of the market in the forecast period. In December 2018, Oxford PV announced that it had attained a 28% conversion efficiency for its tandem perovskite-based solar cell. This compares to 22% at present for a typical silicon cell.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1609

Key participants include Oxford Photovoltaics, FrontMaterials Co. Ltd., Solaronix SA, Xiamen Weihua Solar Co. Ltd., Fraunhofer ISE, Dyesol, Saule Technologies, FlexLink Systems Inc., Polyera Corporation, and New Energy Technologies Inc., among others.

Further key findings from the report suggest

  • By structure, mesoporous perovskite held a major market share in 2018. At present, the mesoporous structure is one of the most popular structures in the fabrication of the product, with a power conversion efficiency of over 20%.
  • By product type, flexible perovskite solar cells are expected to grow at a faster rate of 32.8% in the forecast period. These are a potential photovoltaic technology attributed to their intrinsic advantages such as lightweight and bendability, making them very convenient for transportation, installation, and integration with wearable electricity‐generating devices and architectures.
  • The vapor-assisted solution method is forecasted to witness the highest growth rate of 33.3% in the forecast period. This method is a relatively economical synthesis method of high-quality light-absorbing perovskite layers and was developed to avoid the disadvantages of the solution method and the vapor deposition method.
  • The Asia Pacific region dominated the market in 2018 and is expected to grow at a rate of 32.7% in the period 2019-2026. Rapid urbanization and increasing demand in the region for sustainable energy is likely to drive the market growth in the upcoming years. Also, rapid advancement and adoption of the technology in the countries of this region are adding to the growth of the market.

Browse Complete Report “Perovskite Solar Cells Market” @ https://www.reportsanddata.com/report-detail/perovskite-solar-cells-market

The report sheds special focus on the factors that propel the growth of the industry. For better understanding, the report segments the Perovskite Solar Cells market into key divisions such as types, applications, end-use, technology, region, and others. These segments are extensively analyzed to offer better forecast for the global and regional market and key factors influencing their growth are also covered in the report.

For the purpose of this report, Reports and Data have segmented the global perovskite market on the basis of structure, product type, method, industry verticals, and region:

Structure Outlook (Revenue, USD Million; 2018-2028)

  • Planar Perovskite Solar Cells
  • Mesoporous Perovskite Solar Cells

Product Type Outlook (Revenue, USD Million; 2018-2028)

  • Rigid Perovskite Solar Cells
  • Flexible Perovskite Solar Cells

Method Outlook (Revenue, USD Million; 2018-2028)

  • Solution Method
  • Vapor-Deposition Method
  • Vapor-Assisted Solution Method

Industry Verticals Outlook (Revenue, USD Million; 2018-2028)

  • Aerospace
  • Industrial Automation
  • Consumer Electronics
  • Energy
  • Others

Request Customization of the report @ https://www.reportsanddata.com/request-customization-form/1609

Regional Analysis Covers:

North America (U.S.A., Canada, Mexico)

Europe (U.K., Italy, Germany, France, Rest of Europe)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Thank you for reading our report. Customization of the report is available according to the requirements of the clients. Kindly get in touch with us to know more about the report and our team will ensure the report is tailored according to your needs.

Explore Reports and Data’s Prime Analysis of the global Power and Energy Industry:

Lead Acid Battery Market Size, Regional Outlook, Competitive Landscape, Revenue Analysis & Forecast Till 2026

Flue Gas Desulphurization (FGD) Market Revenue, Growth, Restraints, Trends, Company Profiles, Analysis & Forecast Till 2026

Flare Gas Recovery System Market Size, Key Factors, Major Players, Growth Strategies, Trends, Forecast Till 2026

Fuel Ethanol Market Revenue, Trends, Growth Factors, Region and Country Analysis & Forecast To 2026

Vacuum Gas Oil Market Revenue, Product Launches, Regional Share Analysis & Forecast Till 2026

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Release: https://www.reportsanddata.com/press-release/global-perovskite-solar-cells-market

You may also like...

Leave a Reply

Your email address will not be published.