Global Dye Sensitized Solar Cells (DSSC) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global dye sensitized solar cells market in its upcoming report titled, “Global Dye Sensitized Solar Cells Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global dye sensitized solar cells market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global dye sensitized solar cells market report has been segmented on the basis of application, and region.
Dye sensitized solar cells (DSSC) are cost effective thin film photovoltaic cells. DSSC are easy to manufacture using roll-pointing techniques, is semi-flexible, semi-transparent, and is not applicable to photovoltaic system. DSSC is a composition of porous layer of titanium dioxide nanoparticles, and covered with a molecular dye that absorbs sunlight. DSSC’s are most efficient third-generation solar technology, that absorbs more sunlight per surface area than standard silicon-based solar panels.
Increasing energy demand coupled with growing preference towards use of renewable energy sources is a major factor driving growth of the global dye sensitized solar cells market. In addition, stringent regulations for reduction of carbon emission, low cost, and ability of DSSC to work in low-light conditions are some other factors expected to boost growth of the global dye sensitized solar cells market over the forecast period.
However, continuous fluctuations in raw material prices is a key factor restraining growth of the global dye sensitized solar cells market. Additionally, electrolyte solutions used in DSSC are harmful to human health when in direct contact which is another factor expected to hamper growth of the global dye sensitized solar cells market over the forecast period.
Currently, the market in Europe accounts for largest market share in terms of revenue as compared to that of markets in other regions. This can be attributed to increasing government focus on adoption of conventional energy sources and to reduce dependence on fossil fuels in countries in the region. The market in Asia Pacific is projected to witness fastest growth over the forecast period, owing to increasing energy demand and government funding for development of solar energy power plants in emerging economies such as China and India.
Global dye sensitized solar cells market segmentation:
- Building Integrated Photovoltaics (BIPV)
- Building Applied Photovoltaics (BAPV)
- Automotive Integrated Photovoltaics (AIPV)
- Portable charging
- Others (outdoor advertising and embedded electronics)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 3GSolar Photovoltaics Ltd.
- Dyesol Inc.
- Exeger Sweden AB
- Fujikura Ltd.
- G24i Power Ltd.
- Konica Minolta, Inc.
- Oxford Photovoltaics Limited
- Peccell Technologies, Inc.
- Solaris Nanosciences Corporation
- Solaronix SA
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