Global Perovskite Solar Cells Market to 2027 - Featuring Alfa Aesar, BASF and Fujifilm Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Perovskite Solar Cells Market, By Product Type, By Module Type, By Structure, By Application, Estimation & Forecast, 2017 - 2027" report has been added to ResearchAndMarkets.com's offering.

The global Perovskite Solar Cells market held a market value of USD 352.2 Million in 2020 and is estimated to reach USD 2,012.7 Million by the year 2027. The market is anticipated to register a CAGR of 28.7% during the forecast period.

Perovskite solar cells consists of a perovskite-structured compound, mostly a hybrid inorganic-organic lead or tin-halide-based material. Perovskite is a material having same crystal structure as mineral calcium titanium oxide. The market is anticipated to be driven by the high efficiency of perovskite solar cells. Furthermore, growing focus on solar energy is also estimated to boost the market growth. The market is expected to be restrained by the presence of toxic materials, such as lead coupled with lack of standard solutions.

Companies Mentioned

• Alfa Aesar
• BASF
• Dyenamo
• Energy Materials Corp.
• Frontier Energy Solution
• Fujifilm
• Fujikura
• GCL Suzhou Nanotechnology Co., Ltd.
• Greatcell Energy
• Hangzhou Microquanta
• Heiking PV Technology Co., Ltd.
• Hubei Wonder Solar
• Hunt Perovskite Technologies (HPT)
• InfinityPV
• Jinkosolar
• Kyocera
• LG Chem
• Li Yuan New Energy Technology Co.
• Merck
• Microquanta Semiconductor
• Oxford PV
• Panasonic
• Saule Technologies
• Sharp
• Solartek
• Solaronix SA
• Solliance
• Tandem PV
• Toshiba
• Trina Solar
• WonderSolar

Growth Influencers:

High efficiency of perovskite solar cells

High efficiency of perovskite solar cells in combination with low cost of processes and materials raise the preferability of these cells over the commercial silicon or other inorganic and organic solar cells. These cells also enable further advancement of the power conversion efficiency beyond those afforded by the silicon solar cells. Power conversion efficiency of metal halide perovskite-based solar cells has reached 25% in 2020 from 3% in 2006. Therefore, such increasing efficiency of perovskite solar cells is expected to boost the market growth.

Segments Overview:

The global perovskite solar cells market is segmented into product type, module type, structure, and application.

By Product Type

• Hybrid PSCs
• Flexible PSCs
• Multi-Junction PSCs

The hybrid PSCs segment is expected to hold the largest market share of around 50%, as they are mostly commonly used. The flexible PSCs segment is anticipated to grow at the fastest CAGR of around 29.8% owing to their increasing demand in the stream of wearable power supply and integration with architectures owing to their various advantages, such as portability, light weight, flexibility, and compatibility with irregular electronic items.

By Module Type

• Rigid Module
• Flexible Module

The rigid module segment is estimated to account for the dominant share of the market owing to their rising demand for various applications. The flexible module segment is also expected to grow significantly owing to various technological advancements.

By Structure

• Planar Perovskite Solar Cells
• Mesophorous Perovskite Solar Cells

The mesophorous perovksite solar cells segment is expected to surpass a market value of USD 350 million by 2025 as it is the most popularly used structures in fabrication of product, with over 20% power conversion efficiency. Planar perovskite solar cells segment is anticipated to fuel the market growth owing to its growing demand.

By Application

• Smart Glass
• BIPV (Building Integrated PVs)
• Power Station
• Defense & Aerospace
• Transportation & Mobility
• Consumer Electronics (Portable Devices)
• Utilities
• Off-Grid Application
• Others

The BIPV (Building Integrated PVs) segment is estimated to hold the largest market share owing to growing demand of perovskite solar cells in building envelope and part of building components, such as windows, roofs, or facades, among others. The consumer electronics (portable devices) segment is expected to surpass a market size of about USD 400 million by 2027.

The global Perovskite Solar Cells market report answers questions such as:

• What is the market size and forecast of the Global Perovskite Solar Cells Market?
• What are the inhibiting factors and impact of COVID-19 on the Global Perovskite Solar Cells Market during the assessment period?
• Which are the products/segments/applications/areas to invest in over the assessment period in the Global Perovskite Solar Cells Market?
• What is the competitive strategic window for opportunities in the Global Perovskite Solar Cells Market?
• What are the technology trends and regulatory frameworks in the Global Perovskite Solar Cells Market?
• What is the market share of the leading players in the Global Perovskite Solar Cells Market?
• What modes and strategic moves are considered favorable for entering the Global Perovskite Solar Cells Market?

For more information about this report visit https://www.researchandmarkets.com/r/xyn8il