06-16-2025 09:30 AM CET | Chemicals & Materials

Perovskite Solar Cells

Perovskite Solar Cells Market size reached US$ 350.07 million in 2024 and is expected to reach US$ 8,805.49 million by 2032, growing with a CAGR of 38.05% during the forecast period 2025-2032.

The Perovskite Solar Cells Market takes center stage in DataM Intelligence’s latest comprehensive research, where industry experts deliver cutting-edge analysis powered by robust data analytics and strategic market intelligence. This groundbreaking study dives deep into the competitive ecosystem, spotlighting market leaders and their innovative approaches to product development, competitive pricing models, financial performance, and expansion strategies. The research unveils critical market forces, competitive positioning, and breakthrough trends that will define the industry’s trajectory in the coming years, providing stakeholders with actionable intelligence to navigate this rapidly evolving marketplace.

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The perovskite solar cells market is experiencing rapid growth due to their high efficiency, lightweight design, and cost-effective manufacturing process compared to traditional silicon-based solar cells. These cells utilize perovskite-structured compounds that offer superior light absorption and easy fabrication.

Evolving Market Forces and Opportunities:

Perovskite solar cells are a type of next-generation photovoltaic technology that uses perovskite-structured compounds-typically made of hybrid organic-inorganic lead or tin halide materials as the light-absorbing layer.

Japan Unveils World’s First Solar Super Panel Using Perovskite Technology

✦ Japan launches the world’s first solar super panel powered by Perovskite Solar Cells (PSCs).

✦ These advanced panels can generate up to 20 GW of electricity, equivalent to 20 nuclear reactors.

✦ PSC panels are flexible, lightweight, and highly efficient-ideal for installation on buildings, cars, and streetlights.

✦ Perfect for urban environments, they enable solar energy use in previously inaccessible spaces.

✦ Japan leverages its strength as the world’s second-largest iodine producer, a key component in PSC manufacturing.

✦ Backed by government support and companies like Sekisui Chemical, the technology will scale by 2040.

✦ The initiative is part of Japan’s commitment to reach net-zero emissions and lead in green innovation.

Perovskite Solar Cells Market: Industry Giants and Emerging Leaders:

Alfa Aesar, Dyenamo AB, Energy Materials Corp, Fraunhofer ISE, Frontier Energy Solution, FrontMaterials Co. Ltd., FUJIFILM Wako Pure Chemical Corporation, G24 Power Ltd., Greatcell Energy, Microquanta Semiconductor Co. Ltd.

Perovskite Solar Cells Industry News:

In June 2024, during Intersolar Europe in Munich, Germany, LONGi announced a new world record with its commercial M6-size silicon perovskite tandem solar cells, reaching an impressive efficiency of 30.1%.

Earlier, in August 2023, Panasonic Holdings Corporation launched the world’s first long-term deployment and demonstration of BIPV perovskite photovoltaic glass at the Fujisawa Sustainable Smart Town in Fujisawa, Japan.

Research Methodology

Our comprehensive research approach leverages a dual-methodology framework that seamlessly integrates qualitative insights with quantitative data analysis to deliver robust market intelligence. The process begins with extensive secondary research, where we meticulously collect information from authoritative industry publications, proprietary databases, and verified market sources. This foundation is strengthened through targeted primary research initiatives, including strategic surveys and in-depth interviews with industry veterans, market experts, and key stakeholders.

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Segment Covered in the Perovskite Solar Cells Market:

By Product: Rigid, Flexible

By End-user: Aerospace & Defense, BIPV, Solar Panel, Smart Glass, Others

By Application: Smart Glass, Solar Panel, BIPV, Others

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Top-down and bottom-up approach for regional analysis

Regional Analysis for Perovskite Solar Cells Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Perovskite Solar Cells market?

➠ Who are the global key manufacturers of the Perovskite Solar Cells Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Perovskite Solar Cells market opportunities and threats faced by the vendors in the global Perovskite Solar Cells Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Perovskite Solar Cells market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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