Global Perovskite Solar Cell Market Size, Trends & Growth Opportunity, By Structure (Planar Perovskite Solar Cells and Mesoporous Perovskite Solar Cells), By Product (Rigid Perovskite Solar Cells and Flexible Perovskite Solar Cells), By Method (Solution Method, Vapor-Deposition Method and Vapor-Assisted Solution Method), By Region and Forecast till 2030.
Global Perovskite Solar Cell Market
The Global Perovskite Solar Cell Market is expected to grow from US$ 0.65 Billion in 2022 to US$ 7.38 Billion by 2030; it is estimated to grow at a CAGR of 35.4% from 2023-2030.
Market Overview
One of the newest varieties of flexible, light-weight photovoltaic cells is the perovskite solar cell. The light-harvesting active material of a perovskite solar cell is composed of an inorganic material with a tin structure, a mixture of organic and inorganic leads, and a chemical with a perovskite structure. They function well in systems that use them, and recent advancements in renewable radiation have led to major advances in them.
Market Drivers
The main force behind the growth of the crystalline solar cell business is the rise in demand for solar energy due to its versatility and portability. As a result of stable energy prices and rising economic activity, the market is growing more swiftly. The sector has grown as a result of the growing need to employ present energy resources to combat poverty and enhance the superiority of lifecycles. Furthermore, the market is also impacted by the rise in solar system installations. The market is expanding as a result of a rise in demand for perovskite solar cells due to mounting requirements necessary to lower the price of solar cell panels.
Market Challenges
When perovskites react with moisture and oxygen or are exposed for a lengthy period of time to light, heat, or electrical current, they can degrade. The perovskite research and development (R&D) community is working on a variety of ways to comprehend and better stabilise and degrade, with a strong emphasis on increasing operational lifespan. The goal of the research is to make perovskite surfaces less reactive while also identifying substitute materials for perovskite material compositions.
Impact of Covid-19
Germany, France, Italy, Spain, the UK, and Norway are a few of the main economies affected by the COVID-19 crisis. Supplements, cosmetics, industrial, and personal care products are the main industries that use perovskite solar cells. As a result of the suspension of various businesses, particularly transportation and supply chains, the economy has suffered in several nations. Due to the lockout, there has been no development, which has hampered demand for the product. During the COVID-19 pandemic, it is anticipated that the industry's expansion will be hampered by the demand-supply mismatch, problems obtaining raw materials, and price instability.
Market Segmentation
Segmentation By Structure: Global Perovskite Solar Cell Market is segmented on the basis of Structure into Planar Perovskite Solar Cells and Mesoporous Perovskite Solar Cells.
Segmentation By Product: Global Perovskite Solar Cell Market is segmented on the basis of Product into Rigid Perovskite Solar Cells and Flexible Perovskite Solar Cells.
Segmentation By Method: Global Perovskite Solar Cell Market is segmented on the basis of Method into Solution Method, Vapor-Deposition Method and Vapor-Assisted Solution Method.
Segmentation By Region: Global Perovskite Solar Cell Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Perovskite Solar Cell Market will be dominated by Asia Pacific. India and China are the key drivers of the expansion of the regional market due to the growing Perovskite Solar Cell Market.
Market Key Players
Various key players are discussed in this report such Hanwha Q CELLS, CubicPV, Enecoat Technologies, Microquanta Semiconductor, Greatcell Energy, Oxford PV, P3C, PEROVSKIA SOLAR AG, and Saule Technologies.
Key Developments
• Oxford PV declared in July 2021 that the construction of its German production facility in Brandenburg a der Havel had been finished. The location will serve as one of the first volume production lines in the entire globe for Oxford PV's ground-breaking perovskite-on-silicon tandem solar cells. 100 MW is the desired annual manufacturing capacity.
Market Taxonomy
By Structure
• Planar Perovskite Solar Cells
• Mesoporous Perovskite Solar Cells
By Product
• Rigid Perovskite Solar Cells
• Flexible Perovskite Solar Cells
By Method
• Solution Method
• Vapor-Deposition Method
• Vapor-Assisted Solution Method
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Perovskite Solar Cell Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
Global Perovskite Solar Cell Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Perovskite Solar Cell Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Perovskite Solar Cell Market, By Structure
5.1 Y-o-Y Growth Comparison, By Structure
5.2 Global Perovskite Solar Cell Market Share Analysis, By Structure
5.3 Global Perovskite Solar Cell Market Size and Forecast, By Structure
5.3.1 Planar Perovskite Solar Cells
5.3.2 Mesoporous Perovskite Solar Cells
6 Global Perovskite Solar Cell Market, By Product
6.1 Y-o-Y Growth Comparison, By Product
6.2 Global Perovskite Solar Cell Market Share Analysis, By Product
6.3 Global Perovskite Solar Cell Market Size and Forecast, By Product
6.3.1 Rigid Perovskite Solar Cells
6.3.2 Flexible Perovskite Solar Cells
7 Global Perovskite Solar Cell Market, By Method
7.1 Y-o-Y Growth Comparison, By Method
7.2 Global Perovskite Solar Cell Market Share Analysis, By Method
7.3 Global Perovskite Solar Cell Market Size and Forecast, By Method
7.3.1 Solution Method
7.3.2 Vapor-Deposition Method
7.3.3 Vapor-Assisted Solution Method
8 Global Perovskite Solar Cell Market, By Region
8.1 Global Perovskite Solar Cell Market Share Analysis, By Region
8.2 Global Perovskite Solar Cell Market Share Analysis, By Region
8.3 Global Perovskite Solar Cell Market Size and Forecast, By Region
9 North America Perovskite Solar Cell Market Analysis and Forecast (2023 – 2030)
9.1 Introduction
9.2 North America Perovskite Solar Cell Market Share Analysis, By Structure
9.3 North America Perovskite Solar Cell Market Size and Forecast, By Product
9.4 North America Perovskite Solar Cell Market Size and Forecast, By Method
9.5 North America Perovskite Solar Cell Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Perovskite Solar Cell Market Analysis and Forecast (2023 – 2030)
10.1 Introduction
10.2 Europe Perovskite Solar Cell Market Share Analysis, By Structure
10.3 Europe Perovskite Solar Cell Market Size and Forecast, By Product
10.4 Europe Perovskite Solar Cell Market Size and Forecast, By Method
10.5 Europe Perovskite Solar Cell Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Perovskite Solar Cell Market Analysis and Forecast (2023 – 2030)
11.1 Introduction
11.2 Asia Pacific Perovskite Solar Cell Market Share Analysis, By Structure
11.3 Asia Pacific Perovskite Solar Cell Market Size and Forecast, By Product
11.4 Asia Pacific Perovskite Solar Cell Market Size and Forecast, By Method
11.5 Asia Pacific Perovskite Solar Cell Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Perovskite Solar Cell Market Analysis and Forecast (2023 – 2030)
12.1 Introduction
12.2 Latin America Perovskite Solar Cell Market Share Analysis, By Structure
12.3 Latin America Perovskite Solar Cell Market Size and Forecast, By Product
12.4 Latin America Perovskite Solar Cell Market Size and Forecast, By Method
12.5 Latin America Perovskite Solar Cell Market Size and Forecast, Country
13Middle East Perovskite Solar Cell Market Analysis and Forecast (2023 – 2030)
13.1 Introduction
13.2 Middle East Perovskite Solar Cell Market Share Analysis, By Structure
13.3 Middle East Perovskite Solar Cell Market Size and Forecast, By Product
13.4 Middle East Perovskite Solar Cell Market Size and Forecast, By Method
13.5 Middle East Perovskite Solar Cell Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Hanwha Q CELLS
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 CubicPV
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Enecoat Technologies
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Microquanta Semiconductor
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Greatcell Energy
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Oxford PV
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 P3C
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 PEROVSKIA SOLAR AG
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Saule Technologies
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
