About Dye Sensitized Solar Cell
Dye-sensitized solar cells are an efficient type of thin-film photovoltaic cell. It has wide applications because of its relatively low cost and its efficiency in producing electricity. Thin film technology reduces the amount of active material in a cell. In addition to that, the tax benefits by the government in terms of renewable power generation are also boosting the industry in a wide range. There is lot of scope for the replacement of current Dye Sensitized Solar Cell materials due to their high cost, less abundance, and long-term stability. The efficiency of existing DSSCs reaches up to 12%, using dyes by optimizing material and structural properties which is still less than the efficiency offered by first- and second-generation solar cells, i.e., other thin-film solar cells and Si-based solar cells. The future of Dye Sensitized Solar Cell looks promising. With continued research and development, they hold immense potential to revolutionize the renewable energy landscape and contribute to a more sustainable future.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Dye Sensitized Solar Cell 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.
3GSolar Photovoltaics (Israel), GreatCell Solar Limited (Australia), Exeger Sweden (Sweden), Fujikura Ltd.(Japan), G24 Power Limited (United Kingdom), Konica Minolta, Inc. (Japan), Merck KGaA (Germany), Oxford Photovoltaics Limited (United Kingdom), Sharp Corporation (Japan) and Solaronix SA (Switzerland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Sony Corporation (Japan) and The Ricoh Company, Ltd (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Dye Sensitized Solar Cell market by Type (Natural Dye Sensitizers and Synthetic Dye Sensitizers), Application (Portable Charging, BIPV/BAPV, Embedded Electronics, Outdoor Advertising and Automotive) and Region.
On the basis of geography, the market of Dye Sensitized 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). If we see Market by End User Industry, the sub-segment i.e. Electronics will boost the Dye Sensitized Solar Cell market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Manufacturers are Concentrating on Manufacturing Dye-Sensitized Solar Cell for Indoor or Portable Application
Market Growth Drivers:
Increasing Demand for Solar Energy Worldwide and Growth in Demand for Dye-Sensitized Solar Cell in Electronics, Outdoor Advertising, Automotive, and etc
Challenges:
Lack of Awareness about Solar Cell Applications among Developing Countries
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Rising Environmental Concerns due to the Rising Carbon Emissions and Increasing Demand for Building Integrated Photovoltaic System (BIPV).
Market Leaders and their expansionary development strategies
In October 2023 ,Heliatek GmbH merged with Oxford PV This consolidation united Heliatek's flexible DSSC technology with Oxford PV's perovskite expertise, paving the way for the development of next-generation hybrid solar cells with enhanced efficiency and versatility.
In September 2023, Exeger Operations Introduced their "Power Original" backpack featuring a DSSC panel embedded in the fabric to keep electronic devices charged on the go. This innovative application demonstrates the portability and adaptability of DSSCs in powering everyday technology.
Key Target Audience
Dye-Sensitized Solar Cell Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
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.