PEROVSKITE SOLAR CELL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global perovskite solar cell market is estimated to be valued at USD 188.4 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 56.8% from 2024 to 2031. Perovskite solar cells a promising photovoltaic technology that has the potential to dramatically boost solar power generation. Perovskites have a unique crystal structure that provides them semiconducting properties, thus, making them suitable for converting sunlight to electricity. Compared to traditional silicon solar cells, perovskite solar cells can be produced using simple manufacturing methods at a much lower cost. These can achieve high power conversion efficiencies even in dim light conditions. Major players are actively investing in research and development to commercialize metal halide perovskite cells. With further improvements in stability and upscaling of production, perovskite technology could displace silicon as the dominant photovoltaic material over the next decade.

 Market Dynamics:

Global perovskite solar cell market growth is driven by ongoing research efforts to enhance efficiency and durability of perovskite materials. Large photovoltaic manufacturers are exploring perovskite-silicon tandem cells that can achieve conversion efficiencies beyond the limits of conventional silicon technology. However, low stability of perovskite absorber layers under environmental stress can hamper the market growth. The usage of lead in most perovskite compositions, though lead-free alternatives are being developed, can hamper the market growth. The rollout of large perovskite production facilities and module integration can offer significant growth opportunities. Improving stability through additive engineering and humidity protection coatings also offers growth opportunities.

 Key Features of the Study:

• This report provides in-depth analysis of the global perovskite solar cell market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global perovskite solar cell market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Saule Technologies, FrontMaterials Co. Ltd., Xiamen Weihua Solar Co. Ltd., Fraunhofer ISE, Polyera Corporation, Solaronix SA, Dyesol, FlexLink Systems Inc., New Energy Technologies Inc, Oxford Photovoltaics, Hanwha Q CELLS, CubicPV, EneCoat Technologies, Microquanta Semiconductor, Greatcell Energy, Oxford PV, P3C, Perovskia Solar AG
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global perovskite solar cell market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global perovskite solar cell market

Detailed Segmentation

• By Structure:
• • Planar perovskite solar cells
  • Mesoporous perovskite solar cells
• By Product Type:
• • Rigid 
  • Flexible 
• By End User:
• • Aerospace
  • Industrial automation
  • Consumer Electronics
  • Energy
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Saule Technologies
  • FrontMaterials Co. Ltd.
  • Xiamen Weihua Solar Co. Ltd.
  • Fraunhofer ISE
  • Polyera Corporation
  • Solaronix SA
  • Dyesol
  • FlexLink Systems Inc.
  • New Energy Technologies Inc
  • Oxford Photovoltaics
  • Hanwha Q CELLS
  • CubicPV
  • EneCoat Technologies
  • Microquanta Semiconductor
  • Greatcell Energy
  • Oxford PV
  • P3C
  • Perovskia Solar AG