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Perovskite Solar Cells Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Perovskite Solar Cells Market: By Product Type (Hybrid PSCs, Flexible PSCs, Multi-junction PSCs); By Module Type (Rigid Module, Flexible Module); By Structure (Planar Perovskite Solar Cells, Mesoporous Perovskite Solar Cells); By Application (Smart Glass, BIPV, Power Station, Defence and Aerospace, Transportation and Mobility, Consumer Electronics (Portable Devices), Utilities (Building Integrated PVs), Off-Grid Applications, Other) -Market Size, and Opportunity Forecast For 2023- 2031

  • Published Date: 09-Feb-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA1021100  | Delivery: 2 to 4 Hours
Perovskite Solar Cells Market

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Report AttributeDetails
Market Size Value in 2022US$ 563.3 Mn
Expected Revenue in 2031US$ 2,012.8 Mn
Historic Data2018-2022
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
CAGR30.4% [2023-2031]
Segments coveredBy Product Type, By Module Type, By Structure, By Application, By Region 
Key Companies BASF SE, Oxford PV, GCL, Hubei Wonder Solar, Swift Solar, Merck, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization


The market size of Perovskite Solar Cell in 2022 was US$ 563.3 Million. 

The report provides market analysis for the forecast period (2023 – 2031), wherein 2022 is the base year and 2018 to 2022 are the historic years. 

The market is estimated to grow at CAGR of 30.4% by 2031.

Companies like Alfa Aesar, BASF, Swift Solar, GCL Sozhou Nanotechology are some of the key companies involved in manufacturing of perovskite solar cells.

As per the study, many companies involved in commercial use of perovskite solar cells claims that perovskite solar cells initial efficiency is around 24%.

Growing demand for environmentally friendly energy and technological advancement is playing core role in recovering COVID-19 pandemic impact. Hence, with slight dip during peak of the pandemic, the market is growing positively. 

Consumer Electronic Industry has the highest demand for perovskite solar cells with revenue of US$ 37 million in 2022.

Lead from perovskite can pour into ground and infiltrate plants. Lead poisoning can disrupt the food chain and can cause various health problems.

Jinkosolar and Alfa Aesar holds the highest share for Perovskite Solar Cells in the market with cumulative share of 17%, there are also other companies like Oxford PV, GCL, Hubei Wonder Solar, Jinkosolar, Swift Solar and Merck. The CR4 ratio of top four major players in the market is 29.7%.

Asia-Pacific segment holds the highest market share of 57% in 2022.

The Global Perovskite Solar Cells Market is forecast to record a revenue of US$ 6,012.48 Mn by the year 2031.

Jinkosolar holds the highest market share of 9.50% in 2022.