Perovskite Solar Cells Market Analysis, Size, Share, Strategies and Forecast to 2028 with Top Key Players: Oxford Photovoltaics, FrontMaterials Co. Ltd., Solaronix SA, etc.

The global perovskite solar cells market is expected to reach USD 3,926.0 Million by 2028, according to a new report by Reports and Data. These products comprise a perovskite-organized compound as an active light-absorbing layer and are deployed in a variety of end-user applications.

Higher efficiency delivered by perovskite solar cells than conventional ones is one of the major factors influencing market growth. It is an evolving thin-film class photovoltaics also popular as 3^rd generation photovoltaics having the potential to deliver improved current efficiency and performance limits. The product intends to enhance the efficiency of the cells and reduce the cost of solar energy. These types of solar cells can reach a wide spectrum of light and hence can convert more solar power into electricity. As per the U.S. Department of Energy, Perovskite solar cells have displayed notable advancement in recent years with swift improvement in conversion efficiency, from around 3% in 2006 to more than 24% in 2019.

Key participants include Oxford Photovoltaics, FrontMaterials Co. Ltd., Solaronix SA, Xiamen Weihua Solar Co. Ltd., Fraunhofer ISE, Dyesol, Saule Technologies, FlexLink Systems Inc., Polyera Corporation, and New Energy Technologies Inc., among others.

To Get Sample Copy of Report visit @ https://www.reportsanddata.com/sample-enquiry-form/1609

Growing environmental concerns about reduction of carbon emission may drive the market in the upcoming years. The product provides clean energy by tapping solar energy, and thereby benefitting the environment. It acts as an alternative source of energy to fossil fuels, thus reducing carbon footprint, as well as reducing greenhouse gas across the globe.  In the past years, the product has outperformed all other third-generation photovoltaic technologies in terms of conversion efficiency.

Additionally, advancements in technology for producing perovskite solar cells are likely to fuel the growth of the market in the forecast period. In December 2018, Oxford PV announced that it had attained a 28% conversion efficiency for its tandem perovskite-based solar cell. This compares to 22% at present for a typical silicon cell.

For the purpose of this report, Reports and Data have segmented the global perovskite market on the basis of structure, product type, method, industry verticals, and region:

Structure Outlook (Revenue, USD Million; 2018-2028)

• Planar Perovskite Solar Cells
• Mesoporous Perovskite Solar Cells

Product Type Outlook (Revenue, USD Million; 2018-2028)

• Rigid Perovskite Solar Cells
• Flexible Perovskite Solar Cells

Method Outlook (Revenue, USD Million; 2018-2028)

• Solution Method
• Vapor-Deposition Method
• Vapor-Assisted Solution Method

Industry Verticals Outlook (Revenue, USD Million; 2018-2028)

• Aerospace
• Industrial Automation
• Consumer Electronics
• Energy
• Others

Regional Outlook (Revenue, USD Million; 2018-2028)

• North America
• U.S.
• Europe
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• MEA

Browse Full Report @ https://www.reportsanddata.com/report-detail/perovskite-solar-cells-market

Further key findings from the report suggest

• By structure, mesoporous perovskite held a major market share in 2018. At present, the mesoporous structure is one of the most popular structures in the fabrication of the product, with a power conversion efficiency of over 20%.
• By product type, flexible perovskite solar cells are expected to grow at a faster rate of 32.8% in the forecast period. These are a potential photovoltaic technology attributed to their intrinsic advantages such as lightweight and bendability, making them very convenient for transportation, installation, and integration with wearable electricity‐generating devices and architectures.
• The vapor-assisted solution method is forecasted to witness the highest growth rate of 33.3% in the forecast period. This method is a relatively economical synthesis method of high-quality light-absorbing perovskite layers and was developed to avoid the disadvantages of the solution method and the vapor deposition method.
• The Asia Pacific region dominated the market in 2018 and is expected to grow at a rate of 32.7% in the period 2019-2026. Rapid urbanization and increasing demand in the region for sustainable energy is likely to drive the market growth in the upcoming years. Also, rapid advancement and adoption of the technology in the countries of this region are adding to the growth of the market.

Table of Content:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2020 – 2028
Chapter 3. Indicative Metrics
Chapter 4. Perovskite Solar Cells Segmentation & Impact Analysis
    4.1. Perovskite Solar Cells Material Segmentation Analysis
    4.2. Industrial Outlook
         4.2.1. Market indicators analysis
         4.2.2. Market drivers analysis
                 4.2.2.1. High efficiency of Perovskite solar cells than conventional solar cells
                 4.2.2.2. Growing environmental concerns
                 4.2.2.3. Technological Advancement
                 4.2.2.4. Surging demand for clean energy
         4.2.3. Market restraints analysis
                 4.2.3.1. High cost of the product
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. ETOP Analysis
    4.6. Porter’s Five Forces Analysis
    4.7. Competitive Metric Space Analysis
    4.8. Price trend Analysis

Continued…

Request customization of the report @ https://www.reportsanddata.com/request-customization-form/1609

Thank you for reading our report. To receive further information on the report or to enquire about its customization, please get in touch with us and get your report tailored according to your needs.

Browse More Reports –

Bio Lubricants Market Size

Halitosis Treatment Market Share

Hysteroscope Market Growth

Catalyst Carriers Market Outlook

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Information:

John Watson
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com