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 2031.
Dye-Sensitized Solar Cell (Dssc) 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.
Data Bridge Market Research analyzes that the global dye-sensitized solar cell (Dssc) market was valued at USD 114.57 million in 2023 and is expected to reach USD 296.68 million by 2031, registering a CAGR of 12.63% during the forecast period of 2024-2031. The “natural dye sensitizers” segment accounts for the highest market share due to the increasing usage of equipment among consumers. 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.
Dye-Sensitized Solar Cell (Dssc) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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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, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa
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Market Players Covered
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3GSolar. (Jerusalem), Greatcell Solar (Australia), 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), National Institute for Materials Science (NIMS) (Japan)
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Market Opportunities
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Market Definition
Dye-sensitized solar cells (DSSCs) belong to the group of thin-film solar cells that have been under extensive research for more than two decades due to their low cost, simple preparation methodology, low toxicity and ease of production. Dye-sensitized solar cells (DSSCs) have arisen as a technically and economically credible alternative to the p-n junction photovoltaic devices.
Global Dye-Sensitized Solar Cell (Dssc) Market Dynamics
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 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.
In addition, rapid urbanization, changes in lifestyle, the surge in investments, and increased consumer spending positively impact the dye-sensitized solar cell (Dssc) market.
Opportunities
Furthermore, recent technical advancements reducing production costs 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.
Recent Development
- 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
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]
Global Dye-Sensitized Solar Cell (Dssc) Market Region Analysis/Insights
The dye-sensitized solar cell (Dssc) market is analyzed and market size insights and trends are provided by country, type, and application as referenced above .
The countries covered in the market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, Peru, rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Kuwait, Egypt, and rest of Middle East & Africa.
Europe is expected to dominate the market due to the high rate of implementation in BIPV and the usage of the latest technologies within the region.
North America is expected to witness significant growth during the forecast period due to 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.
Semiconductor Infrastructure growth Installed base and New Technology Penetration
The dye-sensitized solar cell (Dssc) market also provides you with a detailed market analysis for every region’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the dye-sensitized solar cell (Dssc) market , the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the dye-sensitized solar cell (Dssc) market. The data is available for the historic period 2010-2020.
Competitive Landscape and Global Dye-Sensitized Solar Cell (Dssc) Market Share Analysis
The dye-sensitized solar cell (Dssc) market is analyzed, and market size information is provided by country, product type & application. 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, and application dominance. The above data points provided are only related to the companies' focus related to the dye-sensitized solar cell (Dssc) market.
Some of the major players operating in the dye-sensitized solar cell (Dssc) market are:
- 3GSolar. (Jerusalem)
- Greatcell Solar (Australia)
- 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)
- National Institute for Materials Science (NIMS) (Japan)
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