Perovskite Solar Cells Market is expected to reach US$ 8,805.49 million by 2032 | Major key players - Alfa Aesar, Dyenamo AB, Energy Materials Corp, Fraunhofer ISE

Market Size and Growth:

The Global Perovskite Solar Cells Market size reached US$ 350.07 million in 2024 and is expected to reach US$ 8,805.49 million by 2032, growing with a CAGR of 38.05% during the forecast period 2025-2032.

The Perovskite Solar Cells Market refers to the global industry involved in the research, development, manufacturing, and commercialization of solar cells based on perovskite materials. These cells offer high efficiency, low production costs, and flexibility compared to traditional silicon-based cells. The market is driven by renewable energy demand, technological advancements, and increasing adoption in residential, commercial, and utility-scale applications.

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Recent Key Developments of United States:

✅ January 2026: U.S. Department of Energy allocated $24 million for perovskite commercialization, boosting First Solar's tandem cell initiatives.​

✅ November 2025: Tandem PV raised $50 million in Series funding to build a dedicated perovskite manufacturing facility.​

✅ October 2025: Renshine Solar secured major funding for a new GW-scale production line targeting mass output.​

✅ November 2025: Market reports noted U.S. perovskite valuation growth to $36.7 million, driven by stability improvements.​

Recent Key Developments of Japan:

✅ January 2026: Sekisui Chemical advanced its perovskite module installations for public projects like the Osaka-Kansai Expo, with data showing 11% higher output than silicon alternatives.​

✅ November 2025: SUNFOREST launched JPEA-certified flexible and glass-based perovskite modules (10W/225W flexible, 115W glass) for full-scale Japanese market supply.​

✅ October 2025: Late tests confirmed advanced hybrid perovskites retained 95% performance after 1,000 hours at 85°C damp-heat, supporting commercial viability.​

List of the Key Players in the Perovskite Solar Cells Market:

Alfa Aesar
Dyenamo AB
Energy Materials Corp,
Fraunhofer ISE
Frontier Energy Solution
FrontMaterials Co. Ltd.
FUJIFILM Wako Pure Chemical Corporation
G24 Power Ltd.
Greatcell Energy
Microquanta Semiconductor Co. Ltd.

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Perovskite Solar Cells Market:

By Product: Rigid, Flexible.

By End-user: Aerospace & Defense, BIPV, Solar Panel, Smart Glass, Others.

By Application: Smart Glass, Solar Panel, BIPV, Others.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Perovskite Solar Cells market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Perovskite Solar Cells Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Perovskite Solar Cells market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Perovskite Solar Cells Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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