Press release
Dye Sensitized Solar Cells Market Predicted to Rise at a Lucrative CAGR throughout 2016 - 2026
To view complete report @ http://www.persistencemarketresearch.com/market-research/dye-sensitized-solar-cells-market.asp
Market Dynamics
Declining manufacturing and installation cost is one of the key growth drivers for dye sensitized solar cells market. Due to their good physical and optical properties such as simplicity in fabrication, transparency and color, and workability in low-light conditions (non-direct sunlight and gray skies), dye sensitized solar cells are becoming popular among end-users. As far as energy conversion efficiency is concerned, dye sensitized solar cells have high efficacy which makes their commercialization significantly opportunistic over the coming years.
Although a lot of research has been done to make dye sensitized solar cells economically viable, yet, the cost of raw materials for producing dye sensitized solar cells, such as ruthenium, platinum, etc. remains a key challenge for dye sensitized solar cell manufacturers.
The electrolyte solvents used in dye sensitized solar cells are highly volatile as well as harmful to human beings and require to be carefully sealed. Market players and researchers are focused to develop products which can be proven efficient and eco-friendly alternatives to such electrolytes.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12106
Region-wise Outlook
Driven by various governments and environmental initiatives, Europe and North America are expected to be key markets for dye sensitized solar cells over the coming years. The European Commission’s 2020 objective to reduce dependence on fossil fuels and endorse clean and green energy technologies is projected to have a positive effect on the market growth. Ratification of Paris Agreement on Climate Change by major countries across the globe is also expected to push the demand for dye sensitized solar cells in the short and long run. In developing countries such as India, where energy demand potential is high as well as increasing, Government’s special budget allocation to develop solar energy power plants is further expected to create demand for dye sensitized solar cells. In U.S. also, contribution of renewable energy in country’s overall energy demand is rising, providing a promising future for product’s market growth. With trend of sustainable power development spreading its arena across the globe, demand for dye sensitized solar cells is expected to experience significant growth potential from all across the globe over the coming decade.
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Key Players
Some of the key players identified across the value chain of dye sensitized solar cells market include Dyesol Ltd., Solaronix, G24 Innovation Ltd., Solaris Nanosciences Corporation, CSIRO, EXEGER Sweden AB, 3G Solar Photovoltaics Ltd., G24 Power Ltd., Merck KGaA, and Konica Minolta Sensing Europe B.V.
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