Solid-State Solar Cell Market to reach USD 1.49 Million by 2029

Global Solid-State Solar Cell Market was valued at USD 0.56 billion in 2021 and is expected to reach USD 1.49 million by 2029, registering a CAGR of 12.90% during the forecast period of 2022-2029. Commercial is expected to witness high growth in the end use segments owing to the rise in industrialization. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Solid-state solar cell are considered one of the solar technologies offering added functionality at lower cost. This technology is being highly deployed throughout the world due to the rise in awareness among consumers regarding adverse environmental impacts of fossil fuels.

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Solid-State Solar Cell Market Drivers

Rise in Awareness regarding Adverse Environmental Impacts
The rise in awareness among buyers regarding adverse environmental impacts of non-renewable source-based power acts as one of the major factors driving the solid-state solar cell market. Also, increase in the dependence on unconventional sources of energy has a positive impact on the market.

Modern Energy Services
The rise in economic growth and energy security accelerate the market growth. Also, increase in the need for reducing poverty and improving the quality of life with the help of modern energy services has assist in the expansion of the market.

Some of the major players operating in solid-state solar cell market are

Merck KGaA (Germany)
Oxford PV (UK)
Solaronix SA (Switzerland)
Fraunhofer ISE (Germany)
Dyenamo AB (Sweden)
EPFL (Switzerland)
G24 Power Ltd. (UK)

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Global Solid-State Solar Cell Market Scope and Market Size

Dimension

17 mm × 19 mm
28 mm × 32 mm
52 mm × 84 mm
Output

11 μW
40 μW
230 μW
Application

LEDs
Switches
Sensors
Others
End Use

Residential
Commercial

Solid-State Solar Cell Market Regional Analysis/Insights

The countries covered in the solid-state solar cell market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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