Global Dye Sensitized Solar Cell Market by Application (Portable ChargingBIPV/BAPVEmbedded ElectronicsOutdoor AdvertisingAutomotive (Embedded Electronics, BIPV/BAPV, Automotive AIPV, Outdoor Advertising, Portable Charging) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global dye sensitized solar cells market was worth USD 90.5 million in 2019. It is projected to grow at 12.4% compound annual growth rate (CAGR), between 2020 and 2027. The market is expected to grow due to increased awareness by buyers of the negative environmental effects associated with non-renewable sources-based power plants and growing dependence on alternative energy sources. The market has seen technological innovations that have led to a favorable price to presentation ratio for such sun cells. This is expected to positively impact market growth. DSSC technology will address three of the most important energy needs of the future: economic growth, energy security and environmental protection. The advantages of a dye-sensitized solar cell (DSSC) such as cost-effectiveness and high-performance ratio, as well the ability to produce electricity at low lighting conditions are expected to increase demand during the forecast period.

In 2019, the North American market was dominated by the United States. It is predicted that it will reach USD 48.2 millions in 2027. The portable charging segment dominated the U.S. market. The country's growing concern about the impact of non-renewable energy sources will also fuel its demand.

The main driver of market growth is the growing demand for renewable energy sources like solar power. Due to technological advancements in recent years, the market is seeing a rise in demand. This has led to a reduction in production costs. DSSC producers are focusing their efforts on indoor or portable applications. These cells will be used in key applications such as outdoor advertising, electronics and steel roofing.

DSSCs will be in high demand due to growing ecological concerns resulting from the increasing carbon emissions. European countries have focused on reducing emissions by encouraging and subsidizing renewable energy. The market will also benefit from the increasing demand for BIPV.

Application Insights

The market can be divided by applications as follows: outdoor advertising, portable charger, embedded electronics and automotive (AIPV). In 2019, the portable charging segment held 33.3% of the market share. The segment is expected to grow due to rising demand for dye-sensitive solar cells in portable charging, which are capable of providing optimal wattage in such applications.

The fastest projected CAGR for dye-sensitized solar cells (BAPV and BIPV) will be 13.0%. The forecast period will see an increase in demand for residential energy, such as rooftop panels and water heating.

Many developers are exploring the potential of dye-sensitive solar cells to power off-grid lighting applications. Globally, there will be a variety of low-power applications. In the coming years, the market segment is expected to see a lot of demand for dye-sensitive solar cells due to its initial growth and high commercialization rate of small solar-powered appliances.

The demand will be boosted by initiatives in Europe, including zero energy buildings that reduce carbon footprints. The projected average growth in the demand for dye-sensitive solar cells is expected to occur over the entire AIPV period. Vehicle interior ambient lighting will be more in demand as a result of rising energy consumption.

To meet the energy needs of different regions, cost-effective dye-sensitized solar cells are used. DSSC will be a major driver of automotive integrated photovoltaics applications due to the increasing demand for smart cars and parking supervision. Market growth is expected to be boosted by the growing market for automotive integrated photovoltaics, mainly in North America and Europe.

Regional Insights

With a 38.2% share, Europe dominated 2019's DSSCs market. The European Commission is aiming to reduce dependence on nonrenewable resources by encouraging clean energy projects. This will boost market growth in the region. In the upcoming years, the demand for DSSCs will be driven by the high implementation rate in BIPV, increased use of the latest technologies and growing popularity of portable electronics.

North America was the second largest regional market in 2019, according to 2019. Market growth will be aided by continued large investments in the Middle East, Africa and DSSC. The product offers better performance at high temperatures and low irradiances.

Market Share Insights & Key Companies

Due to the presence of many large and small market players, the market is somewhat concentrated. To increase their market share, major industry players have adopted a variety of strategies, including collaborations. This product belongs to the family of thin-film solar cells. DSSC also uses a semiconductor that can be used as both an electrolyte and a photo-sensitized aniode. These products can be semi-flexible or semi-transparent and are made of materials such as platinum and ruthenium. Roll-printing is used to make dye-sensitive solar cells. Raw material manufacturers provide these raw materials at affordable prices. In addition, the industry will benefit from new tools that offer both economies of scale as well as performance. The market leader in dye-sensitive solar cells is:

• 3GSolar

• Fujikura Ltd.

• Solaronix SA

• Dyenamo AB

• Ricoh

• Sharp Corporation

• Dyesol Limited

• Peccell Technologies, Inc.

• National Institute for Materials Science, (NIMS).

• Commonwealth Scientific and Industrial Research Organisation

• Everlight Chemical

• Nissha Co., Ltd.

• Exeger Operations AB

Up Market Research published a new report titled “Dye Sensitized Solar Cell Market research report which is segmented by Application (Portable ChargingBIPV/BAPVEmbedded ElectronicsOutdoor AdvertisingAutomotive (Embedded Electronics, BIPV/BAPV, Automotive AIPV, Outdoor Advertising, Portable Charging), By Players/Companies Peccell Technologies Inc, Exeger Operations AB, Everlight Chemical, Solaronix SA, Sharp Corporation, Commonwealth Scientific and Industrial Research Organisation (CSIRO), Dyenamo AB, Dyesol Limited, Nissha Co Ltd, 3GSolar, Fujikura Ltd, Ricoh, National Institute for Materials Science (NIMS)”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Dye Sensitized Solar Cell Market Report Segments:

The market is segmented by Application (Portable ChargingBIPV/BAPVEmbedded ElectronicsOutdoor AdvertisingAutomotive (Embedded Electronics, BIPV/BAPV, Automotive AIPV, Outdoor Advertising, Portable Charging).

Dye Sensitized Solar Cell Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Dye Sensitized Solar Cell Market

Overview of the regional outlook of the Dye Sensitized Solar Cell Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Dye Sensitized Solar Cell Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Dye Sensitized Solar Cell Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Embedded Electronics

                2. BIPV/BAPV

                3. Automotive AIPV

                4. Outdoor Advertising

                5. Portable Charging

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Dye Sensitized Solar Cell Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
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• Understanding Competition Scenario
• Product & Brand Management
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Reasons to Purchase the Dye Sensitized Solar Cell Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.