What is Perovskite Solar Cell Market?
Perovskite solar cells is a type of solid-state solar cell that is comprised of perovskite structured compound that possess intrinsic properties such as broad absorption spectrum, fast charge separation, long transport distance of electrons & holes, & long carrier separation lifetime. One of the major advantages of perovskite solar cells is that it can convert solar power into electricity. These cells are widely adopted by various industries to expand their solar product portfolio as they provide more energy than the conventional solar cells. Additionally, these perovskite solar cells have the ability to absorb light across all visible wavelengths and are easily fabricated, hence are used in various applications such as smart glass, outdoor furniture, portable devices, & automotive & other electronic applications. Perovskite solar cell increases the efficiency of the cells and lower the cost of solar energy. Toxicity of a substance called Pbl that is wide used in manufacturing of these cells is major issue restraining the perovskite solar cell market.
The market study is being classified by Type (Normal Structure and Inverted Structure), by Application (Residential Use and Commercial Use) and major geographies with country level break-up.
Alfa Aesar (United States), BASF (Germany), Dyenamo (Sweden), Fujifilm (Japan), Fujikura (Japan), Greatcell Solar (Australia), Hangzhou Microquanta (China), Infinitypv (Denmark), Jinkosolar (China), Kyocera (Japan), LG Chem (South Korea), Merck (United States), Oxford PV (United Kingdom), Panasonic (Japan), Saule Technologies (Poland) and Sharp (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Solartek (United States), Toshiba (Japan), Trina Solar (China) and Yingli Solar (China).
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical up-gradations in the product. Research Analyst at AMA predicts that Asian Players will contribute to the maximum growth of Global Perovskite Solar Cell market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Perovskite Solar Cell market by Type, Application and Region.
On the basis of geography, the market of Perovskite Solar Cell 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing applicability in various sectors
- Gaining market attention as low-cost and high optical absorption
Market Trend
- Improvement in the fabrication of cells with higher PCE
- High-Efficiency Organic-Inorganic Perovskite Solar Cell
Restraints
- Price competition from alternative like crystalline silicon
- Harmful raw material like lead pollutes the environment
Opportunities
- Growing adoption of innovative solar powered products
- Increasing utility in smart cities infrastructures to increase power efficiency
Key Target Audience
Manufacturer, Raw material supplier, Distributors/ traders/ dealers, Channel partners, Industry Association, Governments and investment communities and Research organizations and associations