Dye-Sensitized Solar Cells Market With Size, Status, Demand and Current Scenario Forecast to 2023
The Dye-sensitized solar cells market is projected to reach $60,589.4 thousand by 2023. The market growth is driven by increasing integration of dye-sensitized solar cells with building-integrated photovoltaics (BIPVs) and building-applied photovoltaics (BAPVs) in commercial and residential installations.
Based on application, the dye-sensitized solar cells market is categorized into portable charging, BIPVs, BAPVs, embedded electronics, outdoor advertising, solar chargers, wireless keyboards, emergency power in military, automotive-integrated photovoltaics (AIPVs), and others (light intensity meters and consumer appliances).
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Globally, the APAC dye-sensitized solar cells market is expected to witness the fastest growth, constituting a CAGR of 14.0%, in terms of value, during the forecast period. The increasing regulatory pressure is expected to endorse regional economies such as China, India, Thailand, and Vietnam to augment their energy generation via renewable sources such as solar energy.
The dye-sensitized solar cells market in China is expected to witness the fastest growth, globally. The market is expected to witness a CAGR of 16.1% in terms of value during the forecast period.
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Some of the major players operating in the global dye-sensitized solar cells market are 3GSolar Photovoltaics Ltd., Greatcell Solar Ltd., Fujikura Europe Ltd., Exeger Operations AB, Konica Minolta Inc., Merck KGaA, Peccell Technologies Inc., Solaronix SA, G24 Power Ltd., and H.Glass. Companies such as Fujikura Europe Ltd., Exeger Operations AB, Konica Minolta Inc., and Merck KGaA are some of the multinational corporations which operate in the market.
GLOBAL DYE-SENSITIZED SOLAR CELLS MARKET SEGMENTATION
- Portable Charging
- Embedded Electronics
- Outdoor Advertising
- Solar Chargers
- Wireless Keyboards
- Emergency Power in Military