Perovskite solar cells Market accounted for US$ 0.4 billion in 2020 and is estimated to be US$ 5.00 billion by 2030 and is anticipated to register a CAGR of 32.7%. In a perovskite solar cell (PSC), perovskite-structured material is used as an active layer and is based on a solution that has been treated with tin or halide. Perovskite solar cells are made of layers of materials that are either printed, coated with liquid inks, or vacuum-deposited. In solar cells, the family of materials known as halide perovskites has demonstrated the potential for both excellent performance and inexpensive production costs.
Further, increasing research and development and advancement in technology, is expected to enhance the prospects, resulting in the growth of the market over the forecast period. Increasing awareness regarding clean energy today’s population demands them, which also supports the growth of Perovskite Solar Cells Market.
The report ” Perovskite Solar Cells Market, By Type (Hybrid PSCs, FlexiblePSCs, and Multi-junction PSCs), By Application (Smart glass, Solar panel, Perovskite in tandem solar cells, Portable devices, Utilities, and BIPV (Building-integrated photovoltaics)), By End-User (Manufacturing, Energy, Industrial automation, Aerospace, and Consumer electronics), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2029”.
Key Highlights:
- In June 2022, SC SOLAR launched cluster-type evaporation equipment for perovskite solar cell, which includes a perovskite-structured compound, Perovskite materials, methyl ammonium lead halides and all-inorganic cesium lead halide is the perovskite materials, this materials is included in perovskite solar cell, are cheap to produce and simple to manufacture.
- In April 2022, Polish team seeks to launch perovskite products for buildings, Warsaw-based perovskite solar cell firm Saul Technologies and Two polish partners in April 2022, signed a strategic agreement to cooperate on the commercialization and further development of perovskite cells, with plans to develop and launch new products using these cells this year.
Analyst View:
Global Perovskite Solar Cell Market is expected to increase due to rising demand for clean energy around the world. However, many countries are now shifting towards the source of clean energy. The maximum use of solar panels is seen in the European region, especially countries such as Spain and Italy, due to presence of sunlight the whole year. Over last decade countries like China, Japan, Germany and USA has installed number of solar powerhouses due to increased demand of electricity which also support the growth of perovskite solar cells market.
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Key Market Insights from the report:
Global Perovskite Solar Cell Market accounted for US$ 0.4 billion in 2020 and is estimated to be US$ 5.00 billion by 2030 and is anticipated to register a CAGR of 32.7%. The perovskite solar cell is segmented based on Type, Application, End-User and region.
- Based on Type, Global Perovskite Solar Cell market is segmented into Hybrid PSCs, Flexible PSCs, and Multi- junction PSCs.
- Based on Application, Global Perovskite Solar Cell Market is segmented into Smart glass, Solar panel, Perovskite in tandem solar cell, Portable Devices, Utilities and BIPV (Building – integrated photovoltaic).
- Based on End-User, Global Perovskite Solar Cell Market is segmented in to Manufacturing, Energy, Industrial Automation, Aerospace and Consumer Electronics.
- Based on By Region, Global Perovskite Solar Cell market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of, Global Perovskite Solar Cell Market:
The prominent players operating in the Global Battery Storage Inverter Market include Alta Devices, Xeger Sweden AB, FlexLink Systems, Inc.24 Power Ltd, Polyera Corporation, SolarPrint Ltd, Dyesol Inc, Solaronix SA, New Energy Technologies Inc, and Ubiquitous Energy Inc.
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