Perovskite Solar Cell Market, By Structure, By Product Type, By End User, By Geography

Description

Global perovskite solar cell market is estimated to be valued at USD 188.4 Mn in 2024 and is expected to reach USD 4,392.1 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 56.8% from 2024 to 2031.

Figure 1. Perovskite Solar Cell Market Share (%), By Region, 2024

Perovskite solar cells a promising photovoltaic technology that has the potential to dramatically boost solar power generation. Perovskites have a unique crystal structure that provides them semiconducting properties, thus, making them suitable for converting sunlight to electricity. Compared to traditional silicon solar cells, perovskite solar cells can be produced using simple manufacturing methods at a much lower cost. These can achieve high power conversion efficiencies even in dim light conditions. Major players are actively investing in research and development to commercialize metal halide perovskite cells. With further improvements in stability and upscaling of production, perovskite technology could displace silicon as the dominant photovoltaic material over the next decade.

Market Dynamics:

Global perovskite solar cell market growth is driven by ongoing research efforts to enhance efficiency and durability of perovskite materials. Large photovoltaic manufacturers are exploring perovskite-silicon tandem cells that can achieve conversion efficiencies beyond the limits of conventional silicon technology. However, low stability of perovskite absorber layers under environmental stress can hamper the market growth. The usage of lead in most perovskite compositions, though lead-free alternatives are being developed, can hamper the market growth. The rollout of large perovskite production facilities and module integration can offer significant growth opportunities. Improving stability through additive engineering and humidity protection coatings also offers growth opportunities.

Key Features of the Study:

This report provides in-depth analysis of the global perovskite solar cell market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global perovskite solar cell market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Saule Technologies, FrontMaterials Co. Ltd., Xiamen Weihua Solar Co. Ltd., Fraunhofer ISE, Polyera Corporation, Solaronix SA, Dyesol, FlexLink Systems Inc., New Energy Technologies Inc, Oxford Photovoltaics, Hanwha Q CELLS, CubicPV, EneCoat Technologies, Microquanta Semiconductor, Greatcell Energy, Oxford PV, P3C, Perovskia Solar AG
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global perovskite solar cell market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global perovskite solar cell market

Detailed Segmentation

By Structure:
- Planar perovskite solar cells
- Mesoporous perovskite solar cells
By Product Type:
- Rigid
- Flexible
By End User:
- Aerospace
- Industrial automation
- Consumer Electronics
- Energy
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Saule Technologies
- FrontMaterials Co. Ltd.
- Xiamen Weihua Solar Co. Ltd.
- Fraunhofer ISE
- Polyera Corporation
- Solaronix SA
- Dyesol
- FlexLink Systems Inc.
- New Energy Technologies Inc
- Oxford Photovoltaics
- Hanwha Q CELLS
- CubicPV
- EneCoat Technologies
- Microquanta Semiconductor
- Greatcell Energy
- Oxford PV
- P3C
- Perovskia Solar AG

Product Code: CMI7017

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Structure
- Market Snippet, By Product Type
- Market Snippet, By End User
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Product Type Trend

4. Global Perovskite Solar Cell Market- Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting Global Perovskite Solar Cell Market
Impact Analysis

5. Global Perovskite Solar Cell Market, By Structure, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, -2020-2031
- Segment Trends
Planar perovskite solar cells
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Mesoporous perovskite solar cells
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends

6. Global Perovskite Solar Cell Market, By Product Type, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Rigid
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Flexible
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends

7. Global Perovskite Solar Cell Market, By End User, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Aerospace
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Industrial automation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Consumer Electronics
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Energy
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends

8. Global Perovskite Solar Cell Market, By Region, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Structure, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Mn)
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Structure, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Mn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Structure, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Mn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Structure, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Mn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Structure, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Mn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Saule Technologies
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- FrontMaterials Co. Ltd.
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- Xiamen Weihua Solar Co. Ltd.
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- Fraunhofer ISE
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- Polyera Corporation
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- Solaronix SA
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- Dyesol
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- FlexLink Systems Inc.
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- New Energy Technologies Inc
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- Oxford Photovoltaics
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- Hanwha Q CELLS
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- CubicPV
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- EneCoat Technologies
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- Microquanta Semiconductor
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- Greatcell Energy
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- Oxford PV
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- P3C
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates
- Perovskia Solar AG
  - Company Overview
  - Structure Portfolio
  - Recent Developments/Updates

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
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