Pune, India, Dec. 13, 2021 (GLOBE NEWSWIRE) -- According to MarketStudyReport, worldwide dye sensitized solar cell industry was worth USD 101.72 million in 2020 and is touted to grow at a CAGR of 12.4% over 2021-2027, reaching a valuation of USD 230.55 million by the end of forecast period.
It further classifies the vertical based on application scope and geographies to highlight the key areas for investment during the analysis period. A detailed qualitative and quantitative evaluation of each of these segments is provided to enable stakeholders to curate effective strategies for the upcoming years.
The study also houses an analysis of the competitive landscape on the basis of the financials, product/ service offerings, and other recent developments undertaken by prominent players in this business sphere.
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Increasing demand for renewable energy is acting as a major impetus to industry growth. According to the Centre for Climate and Energy Solutions, in 2019, over 11% of the total energy consumed for power, heating, and transport across the globe was from renewable sources.
For those unversed, dye sensitized solar cells are cost-effective solar cells that are classified as thin film solar cells. This technology is based on a semiconductor which is formed between an electrolyte and a photo sensitized anode, a photoelectrochemical cell.
Rising environmental concerns due to negative impact of carbon emissions, along with increasing demand for automotive integrated photovoltaics are slated to boost the market remuneration scope. Surging preference for interior ambient lighting in automobiles is also expected to propel product adoption in the upcoming years.
On the downside, low awareness about the product among people is likely to restrict the growth of the industry over 2021-2027.
Regional outlook
The regional analysis of global dye sensitized solar cell market spans across Asia Pacific, Europe, North America, and Latin America. Among these, Europe presently accounts for a significant market share, owing to growing environmental awareness across the region. Meanwhile, North America market is poised to witness a remarkable growth rate over the analysis timeframe, primarily driven by surging demand for renewable energy sources.
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Competitive scope
Prominent players in worldwide dye sensitized solar cell industry include Everlight Chemical Industrial Corp., The Commonwealth Scientific and Industrial Research Organisation (CSIRO), National Institute for Materials Sciences (NIMS), and 3GSolar Photovoltaics Ltd. among others.
These companies continuously undertake several strategies such as mergers & acquisitions, collaborations, and partnerships to gain an upper hand in the market. The report evaluates these companies with respect to their individual market shares, size, and revenue scope to provide an in-depth understanding of the competition dynamics.
Global Dye Sensitized Solar Cell Market, by Application Scope (Revenue, USD Billion, 2018-2027)
- Portable Charging
- BIPV/BAPV
- Embedded Electronics
- Outdoor Advertising
- Automotive (AIPV)
- Others
Global Dye Sensitized Solar Cell Market, by Regional Outlook (Revenue, USD Billion, 2018-2027)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Latin America
- Brazil
- Mexico
- Rest of the World
Global Dye Sensitized Solar Cell Market, Competitive Landscape (Revenue, USD Billion, 2018-2027)
- Everlight Chemical Industrial Corp.
- The Commonwealth Scientific and Industrial Research Organisation (CSIRO)
- National Institute for Materials Sciences (NIMS)
- Peccell Technologies Inc.
- GreatCell Solar Ltd.
- Ricoh Company Ltd.
- Sharp Corp.
- Dyenamo AB
- Solaronix S.A.
- Fujikura Ltd.
- 3GSolar Photovoltaics Ltd.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Global Dye Sensitized Solar Cell Market, by Region, 2019-2027 (USD Billion)
1.2.2. Global Dye Sensitized Solar Cell Market, by application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Dye Sensitized Solar Cell Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Dye Sensitized Solar Cell Market Dynamics
3.1. Emission management software Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Growing demand for renewable sources of energy
3.1.1.2. Growing ecological concerns owing to increase carbon emissions.
3.1.2. Market Challenges
3.1.2.1. Lack of awareness
3.1.3. Market Opportunities
3.1.3.1. Rising environmental awareness
Chapter 4. Global Dye Sensitized Solar Cell Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Dye Sensitized Solar Cell Market, by Application
5.1. Market Snapshot
5.2. Global Dye Sensitized Solar Cell Market by Application, Performance - Potential Analysis
5.3. Global Dye Sensitized Solar Cell Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
5.4. Dye Sensitized Solar Cell Market, Sub Segment Analysis
5.4.1. Portable Charging
5.4.2. BIPV/BAPV
5.4.3. Embeded Electronics
5.4.4. Outdoor Advertising
5.4.5. Automotive(AIPV)
5.4.6. Others
Chapter 6. Global Dye Sensitized Solar Cell Market, Regional Analysis
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Concentrated Solar Power Market Size, Industry Analysis Report, Country Outlook, Price Trends, Competitive Market Share & Forecast, 2021 - 2027
The concentrated solar power market is set to witness promising growth over the forthcoming time period due to increasing demand for energy, large scale solar integration, and for generating electricity. CSP or concentrated solar power technologies generally utilizes mirrors to focus more on the sun's light energy, converting it into heat to make steam. This steam is then used to drive a turbine generating electrical power. This technology mainly used focused or concentrated sunlight. The plants comprise of two parts, one that gathers solar energy and converts it into heat and the other which converts the heat energy into essential electricity. Concentrated solar power technology is specifically used to store solar power so that it could be efficiently used during the times of need such as on cloudy days or in the hours before sunrise or after sunset. Meanwhile, Morocco concentrated solar power market will surpass a valuation of $1.4 Billion by the end of 2027. Meanwhile, concentrated solar power market in South Africa will exceed installed capacity of 100 MW. Saudi Arabia concentrated solar power market will exceed installed capacity of 150 MW owing to a shift towards green energy from fossil fuel-based economy.
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