Market.us announces the publication of its most recently generated research report titled, “Perovskite Solar Cells Module Market by Product Type (Normal Structure & Inverted Structure), by Application (Commercial Use & Residential Use), and by Region – Global Forecast to 2028.”, Which offers a holistic view of the Global Perovskite Solar Cells Module Market through systematic segmentation that covers every aspect of the target market.

The Global Perovskite Solar Cells Module Market is projected to be US$ 318.0 Mn in 2019 and is expected to reach US$ 1,046.2 Mn by 2028 at a CAGR of 13.9%.

A perovskite solar cell includes a perovskite-structured compound, most commonly a hybrid organic-inorganic lead or tin halide-based material. Perovskite materials, i.e., methyl-ammonium lead halides, are low-priced to produce and relatively simple to manufacture. Perovskites possess fundamental properties such as broad absorption spectrum, fast charge separation, long transport distance of electrons and holes, long carrier separation lifetime, and more, that make them favorable materials for solid-state solar cells. PV solar cell includes a perovskite-structured compound, most commonly a hybrid organic-inorganic lead or tin halide-based material, as the light-harvesting active layer and it shares a similar structure, which displays numerous excellent properties such as superconductivity, magnetoresistance, etc. Perovskite solar cell modules have obtained great attention from the research industry, and the conversion efficiency has increased many folds since it was first reported in 2009.  A thin-film PV class is being formed which are called 3rd generation PVs. 3rd generation of PVs includes dye-sensitized solar cell (DSSC), organic photovoltaic (OPV), quantum dot (QD), and others.

Growing awareness regarding clean and green sources of energy is driving the wide adoption of perovskite solar cells, which is expected to augment the growth of the market over the forecasted timeframe. In addition to this, perovskite solar cells can absorb light across all visible wavelengths which is expected to boost the market in the coming year.

Global Perovskite Solar Cells Module Market Revenue (US$ Mn), 2018–2028

Furthermore, growing investments in research and development for alternative and renewable sources of energy through governments all around the globe is a significant factor driving the growth of the target market over the forecast period.

However, Fluctuation in prices of raw materials and the high overall cost of Perovskite Solar Cell is a significant factors that might hamper the growth of the target market. Nonetheless, increasing research and investment activities is a major driver for the market, for example, increased funding by agencies like US Department of Energy for research in solar technologies, which is expected to provide several growth opportunities for the target market during the forecasted period.

Global Perovskite Solar Cells Module Market is segmented based on product type, applications, and region. Based on product type, normal structure & inverted structure. The inverted structure segment accounts for the majority share in the global perovskite solar cells module market, and also it is expected to register the highest growth rate over the forecast period. Based on the application market is segmented into, commercial use & residential use, and the commercial use segment accounts for a majority share in the global perovskite solar cells module market.

Global Perovskite Solar Cells Module Market Attractiveness Analysis by Product Type, 2012–2018

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, South America, and MEA. Europe accounts for the majority share in the Global Perovskite Solar Cells Module Market followed by North America owing to a rise in disposable income in the region, with Europe, North America, and regions of APAC registering the highest growth rate. South America and MEA are expected to register stable growth over the forecast period.

The research report on the global perovskite solar cells module market includes profiles of some of the major companies such as Oxford Photovoltaics Limited, Saule Technologies, Greatcell Solar Ltd.,  Korver Corp., Xiamen Weihua Solar Co., Ltd., and others

Key Market Segments:

Type

• Normal Structure
• Inverted Structure

Application

• Commercial Use

Key Market Players included in the report:

• Oxford Photovoltaics Limited
• Saule Technologies
• Greatcell Solar Ltd.,
• Korver Corp.
• Xiamen Weihua Solar Co. Ltd.

For the Perovskite Solar Cells Module Market research study, the following years have been considered to estimate the market size: