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Perovskite Solar Cell Market Size, Share & Industry Analysis, By Installation (Roof-Mount, Ground Mount, Portable, Other), By Application (Residential, Commercial, Industrial, Automotive, Defense, Others) and Regional Forecast, 2022-2029

Region : Global | Report ID: FBI101556 | Status : Ongoing



Electrical energy is the basic need today, and its demand is increasing all over the world. Also, the need for an alternate source for energy has gained importance, and as solar energy is renewable energy backed with the government's ambitious green energy targets, it has become a significant attraction for investors. Over the last decade countries like China, Germany and USA have come up as solar powerhouses and increased the production of electricity by solar energy which in turn has helped the Perovskite Solar Cell market to grow.

On the basis of installation, it can be segmented into roof mount, ground mount, portable, and others. Perovskite solar cell can be used in every type of installation. It is so versatile that it can be used on a watch and also used to construct grid-scale power plans.

Key Market Driver -

Key Market Driver – Demand shift towards clean energy

Key Market Restraint -

Key Market Restraint – Low durability of solar cell

The perovskite solar cell market can also be segmented on the basis of application in various fields like residential, commercial, industrial, automotive, defense, and others. Perovskite solar cell has been more in residential applications for water heaters, battery, and cell phone chargers, solar vehicles, etc. They can be used in building-integrated photovoltaics to reduce the carbon footprint a building. 

The major market driver for the global perovskite solar cell market is the increasing demand for clean energy around the world. Many countries are now shifting towards the sources of clean energy. With the provision of government incentives and tax rebates over the installation of solar panels, solar energy is the most adopted amongst the available sources.

The key market restraint of the global perovskite solar cell market is the low durability of the solar cell. The perovskite solar cell does not have a long life when exposed to fluctuating environmental conditions. Some of the material composition of perovskite solar cell have toxic emissions of heavy metals when exposed to moisture or prolonged exposure to UV radiation.  

Key Players Covered

Some of the major companies that are present in the perovskite solar cell market are WonderSolar, Tandem PV, Swift Solar, Solliance, Solaronix SA, Sekisui, Panasonic, Toshiba, Saule Technologies, Oxford PV, Microquanta Semiconductor, Frontier Energy Solution, and Energy Materials Corp.

Regional Analysis

The global perovskite solar cell market has been spread into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The perovskite solar cell is still in research, development and demonstration phase and will grow exponentially in coming years. Although the cost of manufacturing cost of perovskite solar cell is low, the machinery and process are quite complex. Germany is the largest solar energy producer in Europe followed by Italy, the United Kingdom, Spain, and others.

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The USA ranks top in North America and Chile in South America where other countries like Canada, Mexico, Brazil, Uruguay, have also increased the production of solar energy at a good rate. China stands as the largest producer of solar panels and even photovoltaic energy in the Asia Pacific region and also in the world. African continent receives maximum sunlight than any other continent on earth & African countries seem to have realized that which can be noticed by their approach towards solar energy in recent time.




By Installation

  • Roof-Mount

  • Ground Mount

  • Portable

  • Other

By Application

  • Residential

  • Commercial

  • Industrial

  • Automotive

  • Defense

  • Others

By Geography

  • North America (USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)


Key Industry Developments

  • In August 2019, UK-based perovskite specialist Oxford PV has announced the purchase of first solar cell manufacturing equipment from Swiss company Meyer Burger. Oxford PV plans to build a specialist production line with a capacity of 250 MW, by the end of 2020.

  • In February 2019, Saule Technologies launched pilot commercial production line for inkjet printing of perovskites solar cells. They plan to reach 40,000 square meters of panels by the end of 2019 and 180,000 square meters by the end of 2020.            

Perovskite Solar Cell Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2021
  • 2018-2020


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