Dye Sensitized Solar Cell Market Size, Share & Trends Analysis Report By Application (Portable Charging, BIPV/BAPV, Embedded Electronics, Outdoor Advertising, Automotive (AIPV)), And Segment Forecasts, 2020 - 2027
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Dye Sensitized Solar Cell Market Growth & Trends
The global dye sensitized solar cell market size is expected to reach USD 231.1 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.4% from 2020 to 2027. Increasing concerns regarding the negative environmental impacts, along with fossil fuel-based electricity generation farms, are projected to drive the global market.
Government authorities in numerous countries have been encouraging to generate power through renewable sources of energy. Favorable government initiatives to promote off-grid solar power farms, mainly in the developed countries of North America and Europe, are also projected to have a positive impact on market growth.
The embedded electronics application segment was valued at USD 15.5 million in 2019. Thin-film photovoltaics are progressively being used for portable battery charging solutions, which include solar chargers, wireless keyboards, and solar bags, owing to their capability to provide optimal wattage in such applications.
Incentives are being provided by the European government, such as feed-in tariffs, tax relief, and cost subsidies, to promote renewable sources of energy. Moreover, the high cost to performance ratio is estimated to positively influence the market growth. Increasing research and development activities in this field are likely to lead to the commercialization of on-grid dye sensitized solar cell (DSSC) units. Presently, dye sensitized solar cells have high penetration in applications, such as BIPV and portable charging. Increasing concerns regarding pollution caused due to the usage of non-renewable energy sources are expected to boost market growth over the forecast period.
Asia Pacific is estimated to expand at a CAGR of 13.6% from 2020 to 2027. Favorable government initiatives in countries, such as India, Taiwan, and China, to supply power to rural places have encouraged the governing bodies to deploy off-grid systems using renewable sources of energy. Rapid expansion, along with increasing product demand in portable electronic products, including mobile phones and portable chargers, is projected to boost the penetration of dye sensitized solar cells in the region.
Dye Sensitized Solar Cell Market Report Highlights
Dye Sensitized Solar Cell Market Growth & Trends
The global dye sensitized solar cell market size is expected to reach USD 231.1 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.4% from 2020 to 2027. Increasing concerns regarding the negative environmental impacts, along with fossil fuel-based electricity generation farms, are projected to drive the global market.
Government authorities in numerous countries have been encouraging to generate power through renewable sources of energy. Favorable government initiatives to promote off-grid solar power farms, mainly in the developed countries of North America and Europe, are also projected to have a positive impact on market growth.
The embedded electronics application segment was valued at USD 15.5 million in 2019. Thin-film photovoltaics are progressively being used for portable battery charging solutions, which include solar chargers, wireless keyboards, and solar bags, owing to their capability to provide optimal wattage in such applications.
Incentives are being provided by the European government, such as feed-in tariffs, tax relief, and cost subsidies, to promote renewable sources of energy. Moreover, the high cost to performance ratio is estimated to positively influence the market growth. Increasing research and development activities in this field are likely to lead to the commercialization of on-grid dye sensitized solar cell (DSSC) units. Presently, dye sensitized solar cells have high penetration in applications, such as BIPV and portable charging. Increasing concerns regarding pollution caused due to the usage of non-renewable energy sources are expected to boost market growth over the forecast period.
Asia Pacific is estimated to expand at a CAGR of 13.6% from 2020 to 2027. Favorable government initiatives in countries, such as India, Taiwan, and China, to supply power to rural places have encouraged the governing bodies to deploy off-grid systems using renewable sources of energy. Rapid expansion, along with increasing product demand in portable electronic products, including mobile phones and portable chargers, is projected to boost the penetration of dye sensitized solar cells in the region.
Dye Sensitized Solar Cell Market Report Highlights
- The portable charging application segment held the largest share of 33.3% in 2019
- The Asia Pacific is projected to grow at a significant rate throughout the forecast period. China accounted for the maximum share in the Asia Pacific region in 2019
- The BIPV/BAPV application segment is expected to expand at the fastest CAGR from 2020 to 2027
- North America is likely to witness significant growth during the projected period.
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market segmentation & scope
1.2. Information procurement
1.2.1. Purchased database
1.2.2. GVR’s internal database
1.2.3. Secondary sources & third-party perspectives
1.2.4. Primary research
1.3. Information analysis
1.3.1. Data analysis models
1.4. Market formulation & data visualization
1.5. Data validation & publishing
CHAPTER 2. EXECUTIVE SUMMARY
CHAPTER 3. MARKET DEFINITIONS
CHAPTER 4. DYE SENSITIZED SOLAR CELLS MARKET VARIABLES, TRENDS & SCOPE
4.1. Market Size and Growth Prospects
4.2. Industry Value Chain Analysis
4.3. Raw Material Trends
4.4. Market Dynamics
4.4.1. Market Driver Analysis
4.4.2. Market Restraint Analysis
4.5. Penetration & Growth Prospect Mapping
4.6. Regulatory Framework
4.7. Business Environment Analysis Tools
4.7.1. Industry Analysis - Porter’s
4.7.2. PESTEL Analysis
4.8. Impact of Corona Virus on Dye Sensitized Solar Cells Market
CHAPTER 5. DYE SENSITIZED SOLAR CELLS MARKET APPLICATION OUTLOOK
5.1. Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Revenue, USD Million)
5.2. Portable Charging
5.2.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
5.3. BIPV/BAPV
5.3.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
5.4. Embedded Electronics
5.4.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
5.5. Outdoor Advertising
5.5.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
5.6. Automotive (AIPV)
5.6.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
5.7. Others
5.7.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
CHAPTER 6. DYE SENSITIZED SOLAR CELLS MARKET REGIONAL OUTLOOK
6.1. Dye Sensitized Solar Cells Market, By Region, 2016 - 2027
6.2. North America
6.2.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.2.2. The U.S.
6.2.2.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.3. Europe
6.3.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.3.2. Germany
6.3.2.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.3.3. France
6.3.3.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.3.4. The U.K.
6.3.4.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.4. The Asia Pacific
6.4.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.4.2. China
6.4.2.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.4.3. Japan
6.4.3.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.4.4. India
6.4.4.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.5. Central and South America
6.5.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.6. MEA
6.6.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
CHAPTER 7. COMPETITIVE LANDSCAPE
7.1. 3GSolar
7.1.1. Company overview
7.1.2. Financial performance
7.1.3. Product benchmarking
7.1.4. Recent developments
7.2. Fujikura Ltd.
7.2.1. Company overview
7.2.2. Financial performance
7.2.3. Product benchmarking
7.2.4. Recent developments
7.3. Solaronix SA
7.3.1. Company overview
7.3.2. Financial performance
7.3.3. Product benchmarking
7.3.4. Recent developments
7.4. Dyenamo AB
7.4.1. Company overview
7.4.2. Financial performance
7.4.3. Product benchmarking
7.4.4. Recent Developments
7.5. Ricoh, Sharp Corporation
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product benchmarking
7.5.4. Recent developments
7.6. Dyesol Limited
7.6.1. Company overview
7.6.2. Financial performance
7.6.3. Product benchmarking
7.6.4. Recent developments
7.7. Peccell Technologies, Inc.
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Recent Developments
7.8. National Institute for Materials Science (NIMS)
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.8.4. Recent Developments
7.9. Commonwealth Scientific and Industrial Research Organisation (CSIRO)
7.9.1. Company overview
7.9.2. Financial performance
7.9.3. Product benchmarking
7.9.4. Recent developments
7.10. Everlight Chemical
7.10.1. Company overview
7.10.2. Financial performance
7.10.3. Product benchmarking
7.10.4. Recent developments
7.11. Nissha Co., Ltd.
7.11.1. Company overview
7.11.2. Financial performance
7.11.3. Product benchmarking
7.11.4. Recent developments
7.12. Exeger Operations AB
7.12.1. Company overview
7.12.2. Financial performance
7.12.3. Product benchmarking
7.12.4. Recent developments
1.1. Market segmentation & scope
1.2. Information procurement
1.2.1. Purchased database
1.2.2. GVR’s internal database
1.2.3. Secondary sources & third-party perspectives
1.2.4. Primary research
1.3. Information analysis
1.3.1. Data analysis models
1.4. Market formulation & data visualization
1.5. Data validation & publishing
CHAPTER 2. EXECUTIVE SUMMARY
CHAPTER 3. MARKET DEFINITIONS
CHAPTER 4. DYE SENSITIZED SOLAR CELLS MARKET VARIABLES, TRENDS & SCOPE
4.1. Market Size and Growth Prospects
4.2. Industry Value Chain Analysis
4.3. Raw Material Trends
4.4. Market Dynamics
4.4.1. Market Driver Analysis
4.4.2. Market Restraint Analysis
4.5. Penetration & Growth Prospect Mapping
4.6. Regulatory Framework
4.7. Business Environment Analysis Tools
4.7.1. Industry Analysis - Porter’s
4.7.2. PESTEL Analysis
4.8. Impact of Corona Virus on Dye Sensitized Solar Cells Market
CHAPTER 5. DYE SENSITIZED SOLAR CELLS MARKET APPLICATION OUTLOOK
5.1. Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Revenue, USD Million)
5.2. Portable Charging
5.2.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
5.3. BIPV/BAPV
5.3.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
5.4. Embedded Electronics
5.4.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
5.5. Outdoor Advertising
5.5.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
5.6. Automotive (AIPV)
5.6.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
5.7. Others
5.7.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
CHAPTER 6. DYE SENSITIZED SOLAR CELLS MARKET REGIONAL OUTLOOK
6.1. Dye Sensitized Solar Cells Market, By Region, 2016 - 2027
6.2. North America
6.2.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.2.2. The U.S.
6.2.2.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.3. Europe
6.3.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.3.2. Germany
6.3.2.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.3.3. France
6.3.3.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.3.4. The U.K.
6.3.4.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.4. The Asia Pacific
6.4.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.4.2. China
6.4.2.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.4.3. Japan
6.4.3.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.4.4. India
6.4.4.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.5. Central and South America
6.5.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
6.6. MEA
6.6.1. Market estimates and forecasts by Application, 2016 - 2027 (Revenue, USD Million)
CHAPTER 7. COMPETITIVE LANDSCAPE
7.1. 3GSolar
7.1.1. Company overview
7.1.2. Financial performance
7.1.3. Product benchmarking
7.1.4. Recent developments
7.2. Fujikura Ltd.
7.2.1. Company overview
7.2.2. Financial performance
7.2.3. Product benchmarking
7.2.4. Recent developments
7.3. Solaronix SA
7.3.1. Company overview
7.3.2. Financial performance
7.3.3. Product benchmarking
7.3.4. Recent developments
7.4. Dyenamo AB
7.4.1. Company overview
7.4.2. Financial performance
7.4.3. Product benchmarking
7.4.4. Recent Developments
7.5. Ricoh, Sharp Corporation
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product benchmarking
7.5.4. Recent developments
7.6. Dyesol Limited
7.6.1. Company overview
7.6.2. Financial performance
7.6.3. Product benchmarking
7.6.4. Recent developments
7.7. Peccell Technologies, Inc.
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Recent Developments
7.8. National Institute for Materials Science (NIMS)
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.8.4. Recent Developments
7.9. Commonwealth Scientific and Industrial Research Organisation (CSIRO)
7.9.1. Company overview
7.9.2. Financial performance
7.9.3. Product benchmarking
7.9.4. Recent developments
7.10. Everlight Chemical
7.10.1. Company overview
7.10.2. Financial performance
7.10.3. Product benchmarking
7.10.4. Recent developments
7.11. Nissha Co., Ltd.
7.11.1. Company overview
7.11.2. Financial performance
7.11.3. Product benchmarking
7.11.4. Recent developments
7.12. Exeger Operations AB
7.12.1. Company overview
7.12.2. Financial performance
7.12.3. Product benchmarking
7.12.4. Recent developments
LIST OF TABLES
TABLE 1 Global Dye Sensitized Solar Cells Market, 2016 - 2027 (USD Million)
TABLE 2 Global Dye Sensitized Solar Cells Market estimates and forecasts by application, (USD Million), 2016 - 2027
TABLE 3 Dye Sensitized Solar Cells - Key Market Restraint
TABLE 4 Global Applications Dye Sensitized Solar Cells market by region, 2016 - 2027 (USD Million)
TABLE 5 North America Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 6 U.S. Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 7 Europe Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 8 Germany Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 10 France Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 11 U.K. Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 12 APAC Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 13 India Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 14 China Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 15 Japan Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 16 MEA Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 17 CSA Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 1 Global Dye Sensitized Solar Cells Market, 2016 - 2027 (USD Million)
TABLE 2 Global Dye Sensitized Solar Cells Market estimates and forecasts by application, (USD Million), 2016 - 2027
TABLE 3 Dye Sensitized Solar Cells - Key Market Restraint
TABLE 4 Global Applications Dye Sensitized Solar Cells market by region, 2016 - 2027 (USD Million)
TABLE 5 North America Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 6 U.S. Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 7 Europe Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 8 Germany Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 10 France Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 11 U.K. Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 12 APAC Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 13 India Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 14 China Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 15 Japan Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 16 MEA Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
TABLE 17 CSA Dye Sensitized Solar Cells market by application, 2016 - 2027 (USD Million)
LIST OF FIGURES
FIG. 1 Market segmentation & scope
FIG. 2 Dye Sensitized Solar Cells market size and growth prospects
FIG. 3 Dye Sensitized Solar Cells Value chain analysis
FIG. 4 Market Dynamics
FIG. 5 Dye Sensitized Solar Cells market- Penetration & Growth Prospect Mapping
FIG. 6 Porter’s Five Forces Analysis
FIG. 7 PEST Analysis for Dye Sensitized Solar Cells Industry
FIG. 8 Regional outlook, 2019 & 2027
FIG. 9 Dye Sensitized Solar Cells market by Application, 2016 - 2027 (USD Million)
FIG. 1 Market segmentation & scope
FIG. 2 Dye Sensitized Solar Cells market size and growth prospects
FIG. 3 Dye Sensitized Solar Cells Value chain analysis
FIG. 4 Market Dynamics
FIG. 5 Dye Sensitized Solar Cells market- Penetration & Growth Prospect Mapping
FIG. 6 Porter’s Five Forces Analysis
FIG. 7 PEST Analysis for Dye Sensitized Solar Cells Industry
FIG. 8 Regional outlook, 2019 & 2027
FIG. 9 Dye Sensitized Solar Cells market by Application, 2016 - 2027 (USD Million)
