Flexible Perovskite Solar Cell Market Size, Share, & Industry Analysis, By Structure (Planar Perovskite Solar Cells and Mesoporous Perovskite Solar Cells), By Method (Solution Method, Vapor-Deposition Method, and Vapor-Assisted Solution Method), By End User (BIPV, Power Station, Transportation and Mobility, Consumer Electronics, and Others), and Regional Forecast, 2025-2032

The global flexible perovskite solar cell market size was valued at USD 59.92 million in 2024. The market is projected to be worth USD 94.20 million in 2025 and reach USD 815.58 million by 2032, exhibiting a CAGR of 30.97% during the forecast period. Asia Pacific dominated the flexible perovskite solar cell market with a share of 39.76% in 2024.

Flexible perovskite solar cells provide high solar energy conversion efficiency with a light, flexible design. Such flexibility allows for their integration into various applications, including wearable devices, Building Integrated Photovoltaics (BIPV), curved surfaces, portable power sources, and transportation sectors, creating new opportunities beyond conventional rigid perovskite solar cells. Perovskite solar cells are manufactured at a small fraction of the cost of conventional silicon-based solar panels using solution processing methods such as spin coating. Recent developments in material science and process technology make it possible to reduce costs further while introducing scalable roll-to-roll fabrication techniques.

Saule Technologies, Fab Solar, and ART PV India are key players in the flexible perovskite solar cell industry. Saule Technologies is a Polish firm that leads the way in inkjet-printed flexible, light, ultrathin perovskite photovoltaic modules on polymer films. They have already commercialized products such as electronic price tags based on their flexible perovskite cells.

MARKET DYNAMICS

MARKET DRIVERS

Growing Demand for Lightweight and Flexible Solar Solutions to Drive Market Growth

Perovskite solar panels have the great benefits of easy installation and conformability to irregular or curved surfaces, along with being adaptable to a wide range of applications such as consumer products, transportation, off-grid, and building integrated photovoltaics. Flexible and lightweight solar cells are being widely applied in electric vehicles, boats, aerospace, portable devices, and remote or off-grid locations where rigid panels are not feasible. Their potential to be integrated into smart grids and IoT devices further increases their market potential. This is expected to boost the flexible perovskite solar cell market growth in the coming years.

MARKET RESTRAINTS

Stability and Durability Issues to Hinder Market Growth

Flexible perovskite solar cells (F-PSCs) are mechanically weak and thus low in flexibility, which is a requirement for guaranteeing long-term durability and performance. Due to this drawback, they tend to crack and delaminate upon bending or stress. Perovskite materials are environmentally sensitive to humidity, temperature, and light exposure. These conditions lead to degradation over time, impacting the long-term stability of the cells. The intrinsic instability of perovskite materials, resulting from weak interactions such as van der Waals forces and hydrogen bonds, is responsible for their vulnerability to degradation.

MARKET OPPORTUNITIES

Growing Technological Advancements to Boost Market Expansion

Studies have concentrated on creating flexible substrates such as plastics, metals, fibers, etc., and transparent conductors with high conductivity and mechanical stability. Such advancements are necessary to realize high efficiency, performance, and device flexibility and break bottlenecks, including lower transmittance and brittle transparent conducting oxides.

Flexible perovskite solar cells are compatible with roll-to-roll and solution-based fabrication procedures, allowing for large-area, low-cost, and high-throughput manufacturing. Scalability is a key for commercialization and integration into a broad range of applications, comprising wearable electronics and building integrated photovoltaics.

FLEXIBLE PEROVSKITE SOLAR CELL MARKET TRENDS

Growing Product Usage in BIPV is Expected to Surge Market Growth

Growing product usage in building integrated photovoltaics is expected to boost the adoption of flexible perovskite solar cells significantly. Their lightweight, bendable, and semi-transparent nature makes them ideal for seamless integration into windows, facades, roofs, and other structural surfaces without compromising aesthetics. As global demand for zero-energy buildings and sustainable urban infrastructure rises, the application of FPSCs in BIPV will emerge as one of the major trends in the market.

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SEGMENTATION ANALYSIS

By Structure

Planar Perovskite Solar Cells Lead Market Due to Their Simple and Layer-by-Layer Design

By structure, the market is bifurcated into planar perovskite solar cells and mesoporous perovskite solar cells.

Planar perovskite solar cells are the dominating segment in the market. Planar cells are preferred for their flexible use due to their simple, layer-by-layer design, which allows for simpler fabrication on flexible substrates, facilitating high-throughput manufacturing techniques such as roll-to-roll and slot-die coating. This simplicity in structure, coupled with innovations in material stability and efficiency, has driven planar architecture's fast-tracking and market leadership in flexible form.

By Method

Reliable and Promising Technology Leads Vapor-Deposition Method Segment Growth

By method, the market is segregated into solution method, vapor-deposition method, and vapor-assisted solution method.

The vapor-deposition method is the dominating segment. A significant shift is taking place in the direction of vapor-based deposition by commercial producers and startups toward perovskite solar cells, facilitated by its capacity to deliver uniform, uniform films that contain fewer defects than solution processes.

By End User

Decreasing Emissions from Building Sector Propels Installation of Perovskite Solar Cells in BIPV

By end user, the market is categorized into BIPV, power station, transportation and mobility, consumer electronics, and others.

BIPV is a dominant and leading application segment of the flexible perovskite solar cell market. Several industry analyses validate that BIPV, where solar cells are integrated directly into building components such as facades, rooftops, and windows, has become the leading application for flexible perovskite solar technologies.

FLEXIBLE PEROVSKITE SOLAR CELL MARKET REGIONAL OUTLOOK

The market has been analyzed geographically over five primary regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific

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Asia Pacific dominates the flexible perovskite solar cell market share due to the growing demand for renewable energy. Compared to conventional silicon-based solar cells, perovskite cells provide greater efficiency and reduced manufacturing expenses. This makes them appealing for widespread implementation in the Asia Pacific area, where the energy demand is swiftly rising due to industrial growth and urban development in nations such as China, India, Japan, and South Korea.

North America

Market growth in North America is backed by ongoing innovations that enhance perovskite cells' efficiency, stability, scalability, and long-term performance. Partnerships between academic institutions and manufacturers additionally propel advancements, setting North America up to swiftly embrace flexible perovskite solar technology once mass production is realized. The robust manufacturing infrastructure and significant domestic demand create a perfect setting for developing industry standards in flexible perovskite solar cells.

U.S.

In the U.S., the flexible perovskite solar cell has gained significant popularity in wearable electronics and building integrated photovoltaics, owing to its superior performance in low and variable light conditions. Also, these cells have broader spectral absorption, and they are known for their flexibility, relatively low cost, and lightweight nature. In addition, their portability and ability to be integrated into various form factors make them suitable for charging portable devices and powering remote sensors.

Europe

Europe benefits from a strong R&D atmosphere featuring prominent institutions and partnerships to boost the utilization of renewable energy sources. This ecosystem speeds up innovation in material science, device engineering, and scalable manufacturing methods, enhancing efficiency and stability and reducing production expenses. The capability to create flexible perovskite solar films through scalable methods such as roll-to-roll printing lowers expenses and aids in large-scale manufacturing, enabling wider commercial applications across various uses.

Latin America

Latin America, especially nations such as Brazil and Chile, possesses plentiful solar power resources and is progressively dedicated to renewable energy goals. These countries channel investments into research and development to customize perovskite technology for regional circumstances, aiding the area's shift to sustainable energy. Numerous Latin American nations have implemented policies and incentives to encourage the use of renewable energy. Global organizations and development agencies also offer financial support for green energy initiatives, further enhancing investment in perovskite solar technology.

Middle East & Africa

Recent progress consists of creating stable, flexible tandem solar cells that integrate perovskite with materials such as CIGS, improving efficiency and longevity on flexible substrates. Nations such as Saudi Arabia, UAE, South Africa, and Egypt represent significant markets in the Middle East & Africa, actively investigating perovskite solar technologies to broaden energy sources and aid sustainability objectives.

COMPETITIVE LANDSCAPE

KEY INDUSTRY PLAYERS

Introduction of Innovative and More Effective Flexible Perovskite Solar Cells to Boost Company’s Market Presence

Saule Technologies is a prominent Polish firm innovating inkjet-printed, ultra-thin, and adaptable perovskite solar cells manufactured on slim foils. Its technology allows for lightweight, flexible, and tailored solar modules with remarkable efficiencies, such as a record 31% power conversion efficiency for flexible indoor perovskite solar cells. In April 2020, Saule received USD 4.97 million for Printed Flexible Perovskite Solar Modules for IoT Gadgets. The Internet of Things (IoT) represents the expansion of the Internet beyond just computers and smartphones to a wider range of devices that collect, produce, and transmit information interchangeably.

List of Key Flexible Perovskite Solar Cell Companies Profiled

• Saule Technologies (Poland)
• Fab Solar (U.S.)
• Mellow Energy (China)
• Active Surfaces (U.S.)
• Verde Technologies (U.S.)
• Ascent Solar Technologies (U.S.)
• ART-PV India (India)
• Microquanta Semiconductor (China)
• Swift Solar Inc. (U.S.)
• GCL Perovskite (China)

KEY INDUSTRY DEVELOPMENTS

• In March 2025, Ascent Solar Technologies, a manufacturer of lightweight and flexible thin-film photovoltaic (PV) panels, obtained a new request to modify the design of its space solar products.
• In February 2025, A consortium from Japan announced the evaluation of the durability and effectiveness of lightweight, flexible perovskite solar modules at Osanbashi Pier, Yokohama City, in conditions characterized by wind and salt air. This outdoor testing is a component of a broader research collaboration focused on perovskite solar technology that spans three years.
• In January 2025, A Chinese startup, Mellow Energy, introduced adaptable perovskite photovoltaic modules boasting 15.6% efficiency. Mellow Energy asserts that its ML-Flex panel is the largest flexible perovskite solar module globally.
• In December 2024, H. I. S. Co., Ltd., collaborated with Saule Technologies and Lawson, Inc., a major chain of grocery stores located in Japan, to initiate a pilot program at “Green Lawson” in Tokyo. This project will evaluate the implementation of film-based perovskite solar cells, an innovative energy solution, inside the store setting.
• In August 2023, Italian researchers created a flexible indoor perovskite solar cell that boasts an efficiency of 32.5%. Their design incorporates a PET substrate and a tetrabutylammonium bromide layer placed over the perovskite absorber.

REPORT COVERAGE

The report provides a detailed analysis of the market. It focuses on key aspects such as leading companies, product/service process, competitive landscape, and the leading source of the flexible perovskite solar cell. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the market's growth in recent years.

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Report Scope & Segmentation