openPR Logo
Press release

Perovskite Solar Cells Market Is Forecast To Witness a Thriving Growth By 2026| Top Key Players are Oxford Photovoltaics, FrontMaterials Co. Ltd., Solaronix SA etc.

03-26-2020 10:27 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Reports And Data

Perovskite Solar Cells Market

Perovskite Solar Cells Market

Market Size - USD 250.3 Million in 2018, Market Growth - CAGR of 32.0%, Market Trends - Surging demand for clean energy

The global perovskite solar cells market is expected to reach USD 2.35 Billion by 2026, 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.

To get a sample pdf with the skeleton of the Global Perovskite Solar Cells Market Report, click here: https://www.reportsanddata.com/sample-enquiry-form/1609

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.

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; 2016-2026)
Planar Perovskite Solar Cells
Mesoporous Perovskite Solar Cells

Product Type Outlook (Revenue, USD Million; 2016-2026)
Rigid Perovskite Solar Cells
Flexible Perovskite Solar Cells

Method Outlook (Revenue, USD Million; 2016-2026)
Solution Method
Vapor-Deposition Method
Vapor-Assisted Solution Method

Industry Verticals Outlook (Revenue, USD Million; 2016-2026)
Aerospace
Industrial Automation
Consumer Electronics
Energy
Others

Regional Outlook (Revenue, USD Million; 2016-2026)
North America
Europe
Asia Pacific
Latin America
MEA

Get this report with fantastic discounts for a limited period @ https://www.reportsanddata.com/discount-enquiry-form/1609

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 3rd 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.

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.

Further key findings from the report suggest

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.

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.

Read this report with a detailed description and TOC @ https://www.reportsanddata.com/report-detail/perovskite-solar-cells-market

Major highlights of the report:

An all-inclusive evaluation of the parent market
The evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of the market value and volume in the past, present and forecast years
Market share evaluation
Study of niche industrial sectors
Tactical approaches of the market leaders
Lucrative strategies to help companies strengthen their position in the market

Contact Us:
Reports And Data
40 Wall St. 28th floor New York City, NY 10005 United States
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com

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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Perovskite Solar Cells Market Is Forecast To Witness a Thriving Growth By 2026| Top Key Players are Oxford Photovoltaics, FrontMaterials Co. Ltd., Solaronix SA etc. here

News-ID: 1985515 • Views: 100

More Releases from Reports And Data

Medical Marijuana Market is forecast to reach USD 148.35 Billion by 2026| MedRel …
The Global Medical Marijuana Market is forecast to reach USD 148.35 Billion by 2026, according to a new report by Reports and Data. Marijuana is used for treating chronic pain that affects millions of people each year across the globe, thus increasing the demand for the product as a treatment procedure for medical conditions. Statistically, around 25 million people endure acute pain in the US. Moreover, several countries around
Polypropylene Market is expected to reach USD 155.57 Billion by 2026| SABIC, Exx …
The global polypropylene market is expected to reach USD 155.57 Billion by 2026, according to a new report by Reports and Data. Polypropylene is the second-most commonly produced plastic, in terms of volume, after polyethylene. The global production of polypropylene resin is 56.0 Million Metric Tons in 2018 and is projected to reach around 88.0 Million Metric Tons by 2026, growing at a rate of approximately 5.7%. Avail the inside scoop
Peritoneal Dialysis Market is estimated to reach USD 5.30 Billion by 2026| Baxte …
The Peritoneal Dialysis Market is estimated to reach USD 5.30 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the growing incidences of chronic diseases along with technological advancements that are expected to become the most common growth factors globally in the coming years. Get a Free Sample PDF Report to understand our report before you purchase: https://www.reportsanddata.com/sample-enquiry-form/1376 Companies considered and profiled in
Construction Estimating Software Market Research Report Covering Prime Factors a …
The Construction Estimating Software Market has observed unceasing growth in the past few years and has prospects to grow even further during the forecast period (2020-2027). The study provides a comprehensive view and insights, highlighting the key outcomes of the industry. These insights help interested individuals or individuals to frame better business strategies and make informed decisions for superior profitability. Moreover, the forecast aids venture or private players, in assessing

All 5 Releases


More Releases for Solar

Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others. This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such
Solar PV Module Market 2018-2025 : Canadian Solar, First Solar, Jinko Solar, Sha …
Researchmoz added Most up-to-date research on "2018-2025 Solar PV Module Report on Global and United States Market,Status and Forecast,by Players,Types and Applications" to its huge collection of research reports. Summary This report studies the Solar PV Module market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits the Solar
Global Solar Photovoltaic Installations Market 2017: Key Players – BENQ Solar, …
Summary WiseGuyReports.com adds “Solar Photovoltaic Installations Market 2017 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2022” reports to its database. This report provides in depth study of “Solar Photovoltaic Installations market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Solar Photovoltaic Installations  Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an
Global Solar Cell (Photovoltaic) Equipment Market 2017 : Trina Solar, Canadian S …
Market Research Explore : The report 2017 Global Solar Cell (Photovoltaic) Equipment Market mainly highlights thoughtful facts and intelligence of Solar Cell (Photovoltaic) Equipment market in conjunction with prevailing and future market trends throughout the forecast period from 2017 to 2022. It additionally executes the great study of price, current geographical zones, technology, demand-supply and therefore the consequences it might wear the market growth of Solar Cell (Photovoltaic) Equipment trade. Do
Solar Panel Market 2017 - Hanwha, First Solar, SunPower, Elkem Solar, Sharp, Kyo …
The Global Solar Panel Market 2017 Industry Research Report focused on global and regional market, major manufacturers, as well as the current state of the Solar Panel industry. First, "Global Solar Panel Industry 2017" report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy, news analysis and Solar Panel industry chain structure. Major Companies Covered in this report:- Hanwha First Solar SunPower Elkem Solar Sharp Kyocera Solar Solar Frontier Solarworld NSP Trina Solar Canadian Solar Jinko Solar JA Solar GCL
Global Solar Cells and Modules Market 2016 - Hanwha, First Solar, SunPower, Elke …
This report mainly covers the following Segment regions including (the separated region report can also be offered) North America Europe Japan China Southeast Asia India Request for sample report at http://www.fiormarkets.com/report-detail/2073/request-sample The players list (Partly, Players you are interested in can also be added) Hanwha First Solar SunPower Elkem Solar Sharp Kyocera Solar Solar Frontier Solarworld NSP Trina Solar Canadian Solar Jinko Solar JA Solar GCL System Integration Yingli Shunfeng ReneSola Risen Chint Group Hareonsolar Eging PV CSUN BYD HT-SAAE With 24 top producers. Data including (both global and regions): Market Size (both volume - K Units and value - million USD), Market Share, Production