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Perovskite Solar Cell Market Trends and Forecast

The future of the global perovskite solar cell market looks promising with opportunities in the aerospace & defense, industrial, commercial, residential, and utility markets. The global perovskite solar cell market is expected to reach an estimated $2.02 billion by 2028 with a CAGR of 40.0% from 2023 to 2028. The major drivers for this market are increasing demand for low-cost and lightweight solar cells, supportive government policies, growing environmental concerns about carbon emission reduction, and rising penetration of solar power in the residential sector.
Perovskite Solar Cell Market by Type, Product, Application, and End Use Industry
A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below. 
Perovskite Solar Cell Market by Segments

Perovskite Solar Cell Market by Segment

The study includes trends and forecast for the global perovskite solar cell market by type, product, application, end use industry, and region, as follows:

Perovskite Solar Cell Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Hybrid Perovskite Solar Cells
  • Multi-Junction Perovskite Solar Cells

Perovskite Solar Cell Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Rigid Perovskite Solar Cells
  • Flexible Perovskite Solar Cells

Perovskite Solar Cell Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Smart Glass
  • Solar Panel
  • Building-Integrated Photovoltaics (BIPV)
  • Others

Perovskite Solar Cell Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Aerospace & Defense
  • Industrial
  • Commercial
  • Residential
  • Utility

Perovskite Solar Cell Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Perovskite Solar Cell Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, perovskite solar cell companies in the global market cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the perovskite solar cell companies in the global market profiled in this report include-
  • Hanwha Q Cells
  • CubicPV
  • EneCoat Technologies
  • Microquanta Semiconductor
  • Greatcell Energy
  • Oxford PV
  • P3C
  • PEROVSKIA SOLAR AG
  • Saule Technologies

Perovskite Solar Cell Market Insights

  • Lucintel forecasts that solar panel will remain the largest segment over the forecast period due to the increasing usage of solar power to produce electricity across the globe. 
  • Within this market, residential segment expected to witness highest growth due to the increasing use of perovskite solar cell-based PV systems on the rooftop where adequate sunlight is available to meet the electric needs of the home. 
  • APAC is expected to witness highest growth over the forecast period due to the presence of key players and escalating need for alternative energy in order to reduce the consumption of fossil fuels as a result of rising urbanisation in the region.

Features of the Perovskite Solar Cell Market

  • Market Size Estimates: Perovskite solar cell market size estimation in terms of value ($B)
  • Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Perovskite solar cell market size by various segments, such as by type, product, application, end use industry, and region
  • Regional Analysis: Perovskite solar cell market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by type, product, application, end use industry, and regions for the perovskite solar cell market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the perovskite solar cell market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the perovskite solar cell market size?
Answer: The global perovskite solar cell market is expected to reach an estimated $2.02 billion by 2028.
Q2. What is the growth forecast for perovskite solar cell market?
Answer: The global perovskite solar cell market is expected to grow with a CAGR of 40.0% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the perovskite solar cell market?
Answer: The major drivers for this market are increasing demand for low-cost and lightweight solar cells, supportive government policies, growing environmental concerns about carbon emission reduction, and rising penetration of solar power in the residential sector.
Q4. What are the major segments for perovskite solar cell market?
Answer: The future of the perovskite solar cell market looks promising with opportunities in the aerospace & defense, industrial, commercial, residential, and utility markets.
Q5. Who are the key perovskite solar cell companies?
Answer: Some of the key perovskite solar cell companies are as follows:
  • Hanwha Q Cells
  • CubicPV
  • EneCoat Technologies
  • Microquanta Semiconductor
  • Greatcell Energy
  • Oxford PV
  • P3C
  • PEROVSKIA SOLAR AG
  • Saule Technologies
Q6. Which perovskite solar cell segment will be the largest in future?
Answer: Lucintel forecasts that solar panel will remain the largest segment over the forecast period due to the increasing usage of solar power to produce electricity across the globe. 
Q7. In perovskite solar cell market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to the presence of key players and escalating need for alternative energy in order to reduce the consumption of fossil fuels as a result of rising urbanisation in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions 

Q.1. What are some of the most promising, high-growth opportunities for the perovskite solar cell market by type (hybrid perovskite solar cells and multi-junction perovskite solar cells), product (rigid perovskite solar cells and flexible perovskite solar cells), application (smart glasses, solar panels, building-integrated photovoltaics, and others), end use industry (aerospace & defense, industrial, commercial, residential, and utility), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?
 
For any questions related to perovskite solar cell market or related to perovskite solar cell companies, perovskite solar cell market size, perovskite solar cell market share, perovskite solar cell market growth, perovskite solar cell  market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Global Perovskite Solar Cell Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges 
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Perovskite Solar Cell Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Perovskite Solar Cell Market by Type
3.3.1: Hybrid Perovskite Solar Cells 
3.3.2: Multi-Junction Perovskite Solar Cells
3.4: Global Perovskite Solar Cell Market by Product
3.4.1: Rigid Perovskite Solar Cells
3.4.2: Flexible Perovskite Solar Cells
3.5: Global Perovskite Solar Cell Market by Application
3.5.1: Smart Glasses
3.5.2: Solar Panels
3.5.3: Building-Integrated Photovoltaics 
3.5.4: Others
3.6: Global Perovskite Solar Cell Market by End Use Industry
3.6.1: Aerospace & Defense
3.6.2: Industrial
3.6.3: Commercial
3.6.4: Residential 
3.6.4: Utility
 
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Perovskite Solar Cell Market by Region
4.2: North American Perovskite Solar Cell Market
4.2.1: North American Perovskite Solar Cell Market by Application: Smart Glasses, Solar Panels, Building-Integrated Photovoltaics, and Others
4.2.2: North American Perovskite Solar Cell Market by End Use Industry: Aerospace & Defense, Industrial, Commercial, Residential, and Utility
4.3: European Perovskite Solar Cell Market
4.3.1: European Perovskite Solar Cell Market by Application: Smart Glasses, Solar Panels Building-Integrated Photovoltaics, and Others
4.3.2: European Perovskite Solar Cell Market by End Use Industry: Aerospace & Defense, Industrial, Commercial, Residential, and Utility
4.4: APAC Perovskite Solar Cell Market 
4.4.1: APAC Perovskite Solar Cell Market by Application: Smart Glasses, Solar Panels, Building-Integrated Photovoltaics, and Others
4.4.2: APAC Perovskite Solar Cell Market by End Use Industry: Aerospace & Defense, Industrial, Commercial, Residential, and Utility
4.5: ROW Perovskite Solar Cell Market 
4.5.1: ROW Perovskite Solar Cell Market by Application: Smart Glasses, Solar Panels, Building-Integrated Photovoltaics, and Others
4.5.2: ROW Perovskite Solar Cell Market by End Use Industry: Aerospace & Defense, Industrial, Commercial, Residential, and Utility
 
5. Competitor Analysis  
5.1: Product Portfolio Analysis  
5.2: Operational Integration  
5.3: Porter’s Five Forces Analysis  
 
6. Growth Opportunities and Strategic Analysis  
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Perovskite Solar Cell Market by Type
6.1.2: Growth Opportunities for the Global Perovskite Solar Cell Market by Product 
6.1.3: Growth Opportunities for the Global Perovskite Solar Cell Market by Application
6.1.4: Growth Opportunities for the Global Perovskite Solar Cell Market by End Use Industry
6.1.5: Growth Opportunities for the Global Perovskite Solar Cell Market by Region
6.2: Emerging Trends in the Global Perovskite Solar Cell Market   
6.3: Strategic Analysis   
6.3.1: New Product Development   
6.3.2: Capacity Expansion of the Global Perovskite Solar Cell Market   
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Perovskite Solar Cell Market      
6.3.4:  Certification and Licensing   
 
7. Company Profiles of Leading Players  
7.1: Hanwha Q Cells
7.2: CubicPV
7.3: EneCoat Technologies
7.4: Microquanta Semiconductor
7.5: Greatcell Energy
7.6: Oxford PV
7.7: P3C
7.8: PEROVSKIA SOLAR AG
7.9: Saule Technologies
 
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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