A recent report published by Infinium Global Research on dye sensitized solar cell market provides in depth analysis of segments and sub-segments in global as well as regional dye sensitized solar cell market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional dye sensitized solar cell market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global dye sensitized solar cell market. According to report the global dye sensitized solar cell market is projected to grow at a CAGR of 11.2% over the forecast period of 2018-2024.
Dye Sensitized solar cells are also referred to as dye sensitized cells. They are the third generation photovoltaic (solar) cell that converts any visible light into electrical energy. Dye sensitized solar cell are easy to manufacture with traditional roll-printing techniques and is semi-transparent and semi-flexible, thereby allowing a range of uses that are not applicable to rigid photovoltaic systems. The major advantages of dye-sensitized solar cells are they are the most efficient than the conventional solar technology available, absorbing more sunlight per surface area than standard silicon-based solar panels. Also these are an attractive replacement for current technologies in low density applications such as rooftop solar collectors.
The demand for lightweight, highly flexible solar cells has grown rapidly as the application of photovoltaic electric power generation has widened to encompass urban life in the form of building-integrated photovoltaics or electronics-integrated photovoltaics. Dye Sensitized solar cells work even in low-light conditions such as non-direct sunlight and cloudy skies This in turn is driving the growth of the dye sensitized solar cell market. Moreover, technological innovations have resulted in good price to performance ratio and are projected to impact positively on the industrial growth. However, the use of liquid electrolyte in dye sensitized cell design is a major drawback as it has temperature stability problems that acts as the restraining factor for the growth of the market during the forecast period. Another factor that may affect photovoltaic performance of the textile-based DSSC is the cloth itself, which contains the electrolyte and plays the role of a spacer to prevent electrical short circuits from forming between the electrodes. Furthermore, Manufacturers of dye-sensitized solar cells are presently concentrating on indoor or portable applications and are expected to explore opportunities in major application segments such as electronics, outdoor advertising, automotive, bus shelters, and steel roofing. These may not be as attractive for large-scale deployments where high-efficiency, high-cost cells are more suitable.
Among the geographies, Europe dominated the dye sensitized solar cell market. Increasing disposable income in the countries such as china and India have attributed high demand in the Asia Pacific regions. In addition, Asia Pacific is anticipated to be the fastest growth over the upcoming years.
The report on global dye sensitized solar cell market covers applications segment. On the basis of applications the global dye sensitized solar cell market is categorized into electronics, building & construction, automotive, military and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global dye sensitized solar cell market such as, Sharp Corporation, Peccell Technologies, Inc., Oxford Photovoltaics, Merck KGaA, Konica Minolta Sensing Europe B.V., G24 Power Ltd., Fujikura Ltd., Exeger Sweden AB, Dyesol Limited and 3GSolar Photovoltaics Ltd.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global dye sensitized solar cell market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of dye sensitized solar cell market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the dye sensitized solar cell market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the dye sensitized solar cell market to understand the present and future trends in this market and formulate their strategies accordingly.
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