The Evolving Landscape of the Perovskite Solar Cell Market
The perovskite solar cell market size is projected to grow from USD 271 million in 2024 to USD 2,268 million by 2028, registering a CAGR of 70.1% during the forecast period.The major growth opportunity for the perovskite solar cell market during the forecast period is the upsurge in the demand for renewable energy.
The Perovskite Solar Cell Market is characterized by several key trends that are shaping its trajectory:
- Technological Advancements: Continuous research and development efforts are driving advancements in perovskite solar cell technology, leading to improvements in efficiency, stability, and scalability.
- Strategic Partnerships: Collaboration between industry players, research institutions, and government agencies is facilitating technology transfer, commercialization, and market expansion.
- Regulatory Support: Favorable government policies and incentives are encouraging investment in perovskite solar cell research, manufacturing, and deployment, further fueling market growth.
- Environmental Concerns: Growing awareness of climate change and environmental sustainability is driving demand for clean energy solutions, positioning perovskite solar cells as a key contributor to the transition towards a low-carbon economy.
India is expected to register the highest CAGR in the Asia Pacific perovskite solar cell market during the forecast period
India is expected to be the largest market for perovskite solar cells in Asia Pacific. According to the Ministry of New and Renewable Energy recommendations, imported PV cells and modules should have a basic customs duty. The ministry has brought in a manufacturing-linked tender with an inbuilt subsidy to promote the domestic manufacturing of PV cells and modules. With the government pushing for local manufacturing of PV cells and modules in India, the research and development for perovskite solar cells are expected to grow significantly in the country during the forecast period.
The report profiles key players in the perovskite solar cell market and analyzes their market shares. Players profiled in this report are Hanwha Q CELLS (South Korea), CubicPV (US), EneCoat Technologies (Japan), Microquanta Semiconductor (China), Greatcell Energy (Australia), Oxford PV (UK), P3C (India), PEROVSKIA SOLAR AG (Switzerland), Saule Technologies (Poland), Toshiba Corporation (Japan), Tandem PV (US), Swift Solar (US), FrontMaterials (Taiwan), Alfa Chemistry Materials (US), Avantama AG (Switzerland), Borun New Material Technology (China), Dyenamo (Sweden), Nanox (Canada), Ossila (UK), Caelux (US), Evolar (Sweden), Panasonic Corporation (Japan), and Array Technologies (US).
Know more Information @ https://www.marketsandmarkets.com/Market-Reports/perovskite-solar-cell-market-253842189.html
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments: