Global Quantum Dot Solar Cell Market – Industry Trends and Forecast to 2029

Global Quantum Dot Solar Cell Market, By Product Type (Quantum Dot Solar Cells, Quantum Dot Hybrid Solar Cells, Quantum Dot With Nanowire in Solar Cells), Material (Cadmium Selenide, Cadmium Sulfide, Cadmium Telluride, Zinc Sulfide, Indium, Silicon, Others), Application (Single Junction Solar Cell, Multi-Junction Solar Cell, Roof Tiles, Windows, Walls, Heat Sensors), End User (Residential, Commercial) - Industry Trends and Forecast to 2029.

Quantum Dot Solar Cell Market Analysis and Size

The quantum dot solar cell market is driven by the adoption of renewable energy and upsurge in the demand of electricity and consumer electronics. Strict government regulations on carbon emission and limited availability of fossil fuels create the strong need and demand for cost-effective and efficient sources of energy such as solar energy. Quantum dot solar cells are highly efficient compared to other alternative technologies. Furthermore, introduction of advanced technology and increasing research and development activities are expected to boost the demand for the quantum dot solar cell that will lead to the growth of the quantum dot solar cell market during the forecast period of 2022-2029.

Data Bridge Market Research analyses that the quantum dot solar cell market was valued at USD 758.20 million in 2021 and is expected to reach USD 2626.19 million by 2029, registering a CAGR of 16.80% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Quantum Dot Solar Cell Market Scope and Segmentation

Market Definition

Quantum dots are those nano-meter size particles which is used in several applications because of their optical properties. The potential advantages of the quantum dots enable the companies to tune the wavelength of the light emitted as per requirements. It has been considered the primary growth stimulating factor for the quantum dots market. The particles' composition, size and size make them more suitable for production of displays and other commercial uses. 

Global Quantum Dot Solar Cell Market Dynamics

Drivers

• Increase in Awareness regarding Adverse impact on Environmental

The increase in awareness among the market players and buyers regarding the adverse effect of other solar cell on environment has increased the demand of quantum dot solar cells in the market because it is renewable and environmentally friendly energy source of power. Also, the rise in the dependence on unconventional energy sources has a positive impact on the market, which are expected to drive the growth of the quantum dot solar cells market.

• Rising demand of cadmium-free quantum dots solar cell

Cadmium free quantum dots provide a more sustainable and safer option for consumers and manufacturers, giving them the color benefit associated with the technology without any risk related to toxicity or potential regulatory limitations. These solar cells are suitable for displays and use for several purposes such as solar cells, lighting solutions, and biomedicine. As a result, the cadmium-free quantum dot segment is expected to drive the growth rate of the quantum dot solar cells market at highest CAGR during the forecast period.

• Increase in the installation of solar system in residential and commercial areas

The rise in the number of solar system installation in residential and commercial areas further influence the growth of the quantum dot solar cell market. The rise in demand for quantum dot solar cell due to rising need to decline the prices of solar cell modules are expected to drive the market growth.

Moreover, growing usages of product in electronic industry, surging levels of funds for the availability of energy in remote areas and increasing number of initiatives taken by government for the adoption of renewable energy sources. These are some factors which are expected to enhance the growth of the quantum dot solar cell market during the forecast period of 2022-2029.

Opportunities

• Growing demand for large and high-resolution displays

In recent years, there has been a noteworthy increase in the demand for high-resolution and large-size displays due to decreasing prices of LCDs and demand for enhanced visual experience. Big-screen displays have become more reasonable because of their reduced LCD prices. The focus of display manufacturers is increasing on the manufacturing of 4K and 8k displays, there has been an growing demand for quantum dots because of their ability to improve the quality of display. The adoption of quantum dots in displays offer several advantages such as greater bit depth, higher image frame rates, and a wider color gamut which will create immense opportunities for the market growth rate.

• Technological advancement

Recent technical advancements have reduced the production cost of the quantum dot solar cell, which extends the profitable opportunities to the major market players in the forthcoming period. Furthermore, improvement in infrastructure development activities and growing demand of consumer electronics will further expand the growth of the quantum dot solar cell market.

Restraints/ Challenges

• Environmental concern associated with

However, due to the negative impact of cadmium or other element on the environment, the government has imposed some stringent regulations which are expected to obstruct the demand of the quantum dot solar cell in the market and restraint the growth of the market.

• Lower productivity

The lower productivity of the quantum dot solar cell compared to other alternatives might hinder the growth of the global quantum dot solar cell market during the forecast period of 2022-2029.

This quantum dot solar cell 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 the quantum dot solar cell market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Quantum Dot Solar Cell Market

The COVID-19 had a negative impact on the quantum dot solar cell market due to the strict rules regarding social distancing and lockdowns which contain the widespread of the corona virus. The partial shutdown of the business, economic uncertainty and low consumer confidence have impacted the quantum dot solar cell technology demand. The supply chain was hindered during this pandemic along with delayed logistics activities. However, the quantum dot solar cell market is anticipated to recover its pace during the post pandemic scenario.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In May 2021, Nanosys had declared the acquisition of glo which is a leading technology company for the microLED displays. Nanosys goal to enhance its development, increase its offerings and adopt nano LED and microLED display technologies with the acquisition.
• In November 2020, QD Laser had showcased its high-quality quantum dot/quantum well wafers with high-performance semiconductor lasers on a Gallium Arsenide platform for industrial applications and data communication.
• In October 2020, Samsung Electronics had developed industry leading quantum dots. These quantum dots offer 20.2% enhance luminous efficiency, 16,000 hours of QLED lifetime and 88,900 nits of maximum luminance.

Global quantum Dot Solar Cell Market Scope

The quantum dot solar cell market is segmented on the basis of product type, material, application and end user. The growth amongst these segments will help you analyze meagre 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.

Product Type

• Quantum Dot Solar Cells
• Quantum Dot Hybrid Solar Cells
• Quantum Dot With Nanowire in Solar Cells

Material

• Cadmium Selenide
• Cadmium Sulfide
• Cadmium Telluride
• Zinc Sulfide
• Indium
• Silicon
• Others

 Application

• Single Junction Solar Cell
• Multi-Junction Solar Cell
• Roof Tiles
• Windows
• Walls
• Heat Sensors

 End User

• Residential
• Commercial

Quantum Dot Solar Cell Market Regional Analysis/Insights

The quantum dot solar cell market is analysed and market size insights and trends are provided by country, product type, material, application and end user as referenced above.

The countries covered in the quantum dot solar cell market report  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, South Africa, Egypt, Israel, 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.

North America dominates the quantum dot solar cell market in terms of market share. This is due to the growing adoption of advanced technology in Canada and U.S., along with increasing research and development activities in this region.

Asia-Pacific is projected to be the fastest developing region during the forecast period of 2022-2029 due to the increasing demand of eco-friendly source of energy along with the prevalence of investment for research and development activities in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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 Quantum Dot Solar Cell Market Share Analysis

The quantum dot solar cell 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 quantum dot solar cell market.

Some of the major players operating in the quantum dot solar cell market are:

• Exeger Operations AB (Sweden)
• Fujikura Europe Ltd. (U.K.)
• G24 Power Ltd. (U.K.)
• Konica Minolta Sensing Europe B.V. (Netherlands)
• Merck KGaA (Germany)
• Oxford PV (U.K.)
• Peccell Technologies, Inc. (Japan)
• Sharp Corporation (Japan)
• Solaronix SA (Switzerland)
• Sony Corporation (Japan)
• Ricoh (Japan)
• First Solar (U.S.)
• SunPower Corporation (U.S.)
• Suniva Inc (U.S.)
• Tata Power Solar Systems Ltd. (India)
• SHARP CORPORATION (Japan)
• ALPS Technology Inc. (U.S.)
• Solaris Technology Industry, Inc. (India)
• GREEN BRILLIANCE RENEWABLE ENERGY LLP (India)
• Trina Solar (China)
• Canadian Solar. (Canada)
• DuPont (U.S.)