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The perovskite cells market is estimated to grow at a compound annual growth rate of 31.63% over the forecast period to reach a market size of US$3,311.350 million in 2026 from US$636.626 million in 2020. Its low-cost thermal absorption material, efficient conversion of solar energy to electricity are the major factors to increase the perovskite cells market growth.
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Perovskite Solar Cells Market Forecast From 2020 to 2026
DESCRIPTION As per the latest reports by Knowledge Sourcing Intelligence, Perovskite solar cell refers to the cell composed of the perovskite-structured compound. The cell compounds are made of tin halide-based material, and methylammonium lead halide material and all-inorganic cesium lead halide. These compounds are economic in terms of cost, manufacturing process, and availability. As per the data by the Office of Energy Efficiency & Renewable Energy, United States, Perovskite Solar Cells have resulted in increased efficiency from 3% in 2006 to 25% in 2020, producing more energy and is recognized as a fast-emerging technology in the solar energy sector. The increase in the demand for perovskite cells can be attributed to its low-cost thermal absorption material, efficient conversion of solar energy to electricity. Moreover, the cells offer flexibility, transparency, light-weighted panels. With such qualities, the sector has gained market traction involving multiple institutions and company-led projects.
Key Questions Answered By The Report • What will be Perovskite Solar Cells Marketfrom 2019 to 2024? • How are the major drivers and restraints affecting the Perovskite Solar Cells Market? • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Under Perovskite Solar Cells Market are : • By Type • Hybrid • Flexible • Multijunction • By Applications • Industrial • Residential • Aerospace • Others
Geography • Americas • USA • Canada • Others • Europe Middle East and Africa • Germany • Spain • United Kingdom • Italy • France • Others • Asia Pacific • China • Japan • India • Others
COMPANY PROFILES • Tandem PV • Frontier Energy Solution • Oxford PV • Korver Corp. • Hunt Perovskite Technologies. • Solarnix • Alta Devices, • Xeger Sweden AB, • FlexLink Systems, Inc., • G24 Power Ltd
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