Graphene Solar Cell Market: Industry Outlook, Growth Prospects and Key Opportunities
One of the driving factor of Graphene Solar Cell market is that the graphene layer allows solar cell to generate power when it rains. Raindrops contain salts that dissociate in negative and positive ions. This positive ions include calcium, sodium and ammonium ions that can bind to the graphene surface. When graphene and raindrop come in contact, graphene becomes rich in delocalized electrons and the water become enriched in positive ions. This difference in potential helps in sufficient production of voltage and current.
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However, the market is still in a premature stage and constant research is being conducted to understand the reliability of Graphene Solar Cell market. The growth of graphene solar cell market is impeded by certain restraining factors. The initial cost of installing and purchasing solar panels is high despite of tax initiative and government subsidy programs.
In addition, graphene solar cell is critical and the location of it plays an important role in the generation of electricity and power. Thus the areas where it is foggy or cloudy for long periods can hamper in the production of electricity and power. In spite of the hindrances, the global Graphene Solar Cell market is aided by attractive opportunities, especially the increasing demand for energy consumption and the exploration of new energy harvesting processes.
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The graphene solar cell market is in the initial stage and can be segmented on the basis of application and geography. On the basis of applications, the global Graphene Solar Cell market is segmented into agriculture and horticulture among others. In addition, agriculture and horticulture also uses graphene solar cell for the operation of crop drying machine and water pumps. It is also used in various industrial applications like offshore navigation system, powering remote location for space and satellite systems among others.
The global Graphene Solar Cell market is further categorized based on geography into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Since the graphene solar cell is under research and development stage, it is expected to witness robust growth in North America and Europe due the demand for new technology in these regions.
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