About Dye-sensitized Solar Cells
A dye-sensitized solar cell also called a Grätzel cell is based on semiconductor and belonging to the group of thin film solar cells. The DSSC is low cost, semi-flexible and semi-transparent solar cell. The key application of the DSSC includes portable charging, solar chargers, wireless, keyboards, emergency power in the military, automobile-integrated photovoltaics, building-integrated photovoltaics, building-applied photovoltaics, embedded electronics, outdoor advertising, and many others. Increasing Government Initiatives for Promoting Solar Power Energy such as European Union Photovoltaic Roadmap and emergence of new portable and indoor application of DSSC such as USB charging box, lamps, and others have been supplementing the growth of the market. However, high-temperature stability problem due to the liquid electrolyte in DSSC and the presence of volatile organic compounds in DSSC are hazardous to the environment and human health are the factors that are limiting the market. Moreover, increasing advancement in fabrication technology and increasing demand for clean energy across the globe due to high environmental concern can create a new opportunity for the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 12.3% |
The Dye-sensitized Solar Cells market is a dynamic and promising sector with immense potential for growth. Players who adapt to emerging trends, prioritize innovation, and collaborate effectively are well-positioned to succeed in this exciting field and contribute to a more sustainable energy future.The Manufacturers having a strong hold in the market are Fujikura Ltd., Konica Minolya, Solaris Nanosciences Corporation. Analyst at AMA Research estimates that European, United States and Asian Manufacturers will contribute the maximum growth to Global Dye-sensitized Solar Cells market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fujikura Ltd. (Japan), Konica Minolya (Japan), Sensing Europe B.V (Sweden), 3GSolar, Ltd. (Israel), GreatCell Solar (Australia), Solaronix SA (Switzerland), G24 Innovation Ltd. (United Kingdom), Solaris Nanosciences Corporation (United States), CSIRO (Australia) and EXEGER Sweden AB (Sweden) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Oxford Photovoltaics (United Kingdom), Peccell (Japan) and Solar Print Process Private Limited (India).
Segmentation Overview
AMA Research has segmented the market of Global Dye-sensitized Solar Cells market by , Application (Portable Charging, Solar Chargers, Wireless Keyboards, Emergency Power in Military, Automobile-Integrated Photovoltaics (AIPVs), Building-Integrated Photovoltaics (BIPVs), Building-Applied Photovoltaics (BAPVs), Embedded Electronics, Outdoor Advertising and Others) and Region.
On the basis of geography, the market of Dye-sensitized Solar Cells has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material , the sub-segment i.e. TiO2 will boost the Dye-sensitized Solar Cells market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel , the sub-segment i.e. Online Platform will boost the Dye-sensitized Solar Cells market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
An Emergence of New Portable and Indoor Application of DSSC such as USB charging Box, Lamps and others
Market Growth Drivers:
Increasing Government Initiatives for Promoting Solar Power Energy and Rising Demand from Developing Economies due to Increasing Awareness about Adverse Environmental Impacts of Fossil Fuels
Challenges:
Expensive Material Used in DSSC such as Platinum and Ruthenium has Increasing Overall Cost of the Product
Restraints:
High-Temperature Stability Problem due To Liquid Electrolyte in DSSC and Presence of Volatile Organic Compounds in DSSC is Hazardous to Environment and Human Health
Opportunities:
Increasing Advancement in Fabrication Technology and Increasing Demand for Clean Energy across the Globe due to High Environmental Concern
Market Leaders and their expansionary development strategies
In February 2023, Saint-Gobain partnered with several DSSC technology providers to develop energy-harvesting windows and building facades.
In September 2023, G2 Energy Materials introduced their "DuraSol" dyes These new dyes offer enhanced stability and light absorption, leading to improved efficiency and longevity of DSSCs.
Key Target Audience
Dye-sensitized Solar Cells Manufacturers, Dye-sensitized Solar Cells Distributors and Suppliers, Raw Material Suppliers, Government Agencies, Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.