Global Dye-Sensitized Solar Cell (Dssc) Market, By Type (Natural Dye Sensitizers, Synthetic Dye Sensitizers), Application (Portable Charging, Building-Integrated Photovoltaics [BIPVs], Building-Applied Photovoltaics [BAPVs], Embedded Electronics, Outdoor Advertising, Solar Chargers, Wireless Keyboards, Emergency Power in Military, Automotive-Integrated Photovoltaics [AIPVs]) - Industry Trends and Forecast to 2029
Market Analysis and Size
Dye sensitized solar cells (Dssc) and photovoltaic cells are considered the third generation of solar technologies offering added functionality at lower cost. This technology is being highly deployed throughout the world due to the rise in awareness among consumers regarding adverse environmental impacts of fossil fuels.
Global Dye-Sensitized Solar Cell (Dssc) Market was valued at USD 114.57 million in 2021 and is expected to reach USD 296.68 million by 2029, registering a CAGR of 12.63% during the forecast period of 2022-2029. Portable Charging accounts for the largest application segment in the respective market owing to the increase in demand for dye sensitized solar cells in portable charging. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Dye sensitized solar cells refer to the type of cells that are cost-effective solar cells classified as thin film solar cells. These cells are known to be based on a semiconductor that is formed between a photo sensitized anode and an electrolyte.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Natural Dye Sensitizers, Synthetic Dye Sensitizers), Application (Portable Charging, Building-Integrated Photovoltaics [BIPVs], Building-Applied Photovoltaics [BAPVs], Embedded Electronics, Outdoor Advertising, Solar Chargers, Wireless Keyboards, Emergency Power in Military, Automotive-Integrated Photovoltaics [AIPVs])
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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3GSolar. (Jerusalem), Greatcell Solar (Australia), Exeger Operations AB (Sweden), Fujikura Europe Ltd. (UK), G24 Power Ltd. (UK), Konica Minolta Sensing Europe B.V. (Netherlands), Merck KGaA (Germany), Oxford PV (UK), Peccell Technologies, Inc. (Japan), Sharp Corporation (Japan), Solaronix SA (Switzerland), Sony Corporation (Japan), Ricoh (Japan), National Institute for Materials Science (NIMS) (Japan), among others
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Market Opportunities
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Dye-Sensitized Solar Cell (Dssc) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rise in Awareness regarding Adverse Environmental Impacts
The rise in awareness among buyers regarding adverse environmental impacts of non-renewable source-based power acts as one of the major factors driving the dye-sensitized solar cell (Dssc) market. Also, increase in the dependence on unconventional sources of energy has a positive impact on the market.
- Modern Energy Services
The rise in economic growth and energy security accelerate the market growth. Also, increase in the need for reducing poverty and improving the quality of life with the help of modern energy services has assist in the expansion of the market.
- Increase in Solar System Installation
The increase in the number of installation of solar system further influence the market. The rise in demand of dye-sensitized solar cell (Dssc) because of growing need to decline prices of solar cells modules drives the growth of the market.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the dye-sensitized solar cell (Dssc) market.
Opportunities
Furthermore, recent technical advancements reducing production cost extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, improvement in infrastructure development activities will further expand the market.
Restraints/Challenges
On the other hand, high cost of conventional sensitizers is expected to obstruct market growth. Also, issues with sealing and toxicity in liquid electrolyte are projected to challenge the dye-sensitized solar cell (Dssc) market in the forecast period of 2022-2029.
This dye-sensitized solar cell (Dssc) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on dye-sensitized solar cell (Dssc) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Dye-Sensitized Solar Cell (Dssc) Market
The COVID-19 had a negative impact on the dye-sensitized solar cell (Dssc) market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand dye-sensitized solar cell (Dssc) technology. The supply chain got hampered during the pandemic along with delay logistics activities. However, the dye-sensitized solar cell (Dssc) market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Recent Developments
- Solar Energy Company Midsummer launched “Midsummer Solar Roof” in May’2019 consisting of a folded metal roof with an installed power of 100 W/m2. These roofs are custom-made to match the solar module and maximise the total installed power.
Global Dye-Sensitized Solar Cell (Dssc) Market Scope and Market Size
The dye-sensitized solar cell (Dssc) market is segmented on the basis of type, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Natural Dye Sensitizers
- Synthetic Dye Sensitizers
Application
- Portable Charging
- Building-Integrated Photovoltaics [BIPVs]
- Building-Applied Photovoltaics [BAPVs]
- Embedded Electronics
- Outdoor Advertising
- Solar Chargers
- Wireless Keyboards
- Emergency Power in Military
- Automotive-Integrated Photovoltaics [AIPVs]
Dye-Sensitized Solar Cell (Dssc) Market Regional Analysis/Insights
The dye-sensitized solar cell (Dssc) market is analysed and market size insights and trends are provided by country, type, and application as referred above.
The countries covered in the dye-sensitized solar cell (Dssc) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the dye-sensitized solar cell (Dssc) market because of the high rate of implementation in BIPV and usage of the latest technologies within the region.
North America is expected to witness significant growth during the forecast period of 2022 to 2029 because of the surge in investments in the development of DSSC in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Dye-Sensitized Solar Cell (Dssc) Market
The dye-sensitized solar cell (Dssc) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to dye-sensitized solar cell (Dssc) market.
Some of the major players operating in dye-sensitized solar cell (Dssc) market are
- 3GSolar. (Jerusalem)
- Greatcell Solar (Australia)
- Exeger Operations AB (Sweden)
- Fujikura Europe Ltd. (UK)
- G24 Power Ltd. (UK)
- Konica Minolta Sensing Europe B.V. (Netherlands)
- Merck KGaA (Germany)
- Oxford PV (UK), Peccell Technologies, Inc. (Japan)
- Sharp Corporation (Japan)
- Solaronix SA (Switzerland)
- Sony Corporation (Japan)
- Ricoh (Japan)
- National Institute for Materials Science (NIMS) (Japan)
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