USD 28.08 billion
Printable Solar Cells Market Size, Share, Growth Analysis, By Technology(Bulk Heterojunction Solar Cells Technology, Dye Sensitized Solar Cells (DSSC) Technology), By Application(Solar Panel, Electronics), By End-user(Residential, Commercial & Industrial, Utilities), By Region - Industry Forecast 2024-2031
Report ID:
SQSG45O2002 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
88
|Figures:
76
Printable Solar Cells Market Insights
Printable Solar Cells Market size was valued at USD 28.08 billion in 2019 and is poised to grow from USD 29.22 billion in 2023 to USD 40 billion by 2031, growing at a CAGR of 4.01% in the forecast period (2024-2031).
A specially designed solar ink technique is used to create printable solar cells. Metal salts and a mixture of polymers and fullerene are used in solar ink. A photoactive layer of p-type polymer and n-type fullerene makes up the ink. This is connected to the substratum anode. The solar ink scheme can be applied to layered coatings using inkjet printing technology. The main advantage of printable solar cells is their low production cost, which is made possible by the constant decline in silicon material prices across the globe. The market for printable solar cells is primarily driven by the rising need for electricity globally, and in the near future, it is anticipated to expand at a significant rate. Printable solar cells have the potential to supply stable electricity to both residential and commercial structures. Instead of adding solar modules and arrays to an existing structure, printable solar cells can be connected directly during construction. This lowers the cost of installation and improves the cost-effectiveness of printable solar cells. Additionally, the printable solar cells may easily alter their shape and appearance to improve the facade of a structure visually. All these factors together contribute towards the growth of the global printable solar cells market.
US Printable Solar Cells Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Utilities
Fastest Growth
Utilities
Growth Rate
4.01% CAGR
Global Printable Solar Cells Market 2022-2028 ($ Bn)
Country Share for Asia-Pacific Region- 2021 (%)
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Printable Solar Cells Market Segmental Analysis
The Global Printable Solar Cells Market is segmented based on technology, application, end-user, and region. Based on Technology, it is categorized into Bulk Heterojunction Solar Cells Technology, and Dye Sensitized Solar Cells (DSSC) Technology. Based on Application, it is categorized into Solar Panel, and Electronics. Based on End-user, it is categorized into Residential, Commercial & Industrial, and Utilities. Based on region, it is categorized into North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America.
Printable Solar Cells Market Analysis by End-user
On the basis of end-user, the utilities segment is expected to dominate the global printable solar cells market over the forecast period. This is due to an increase in the effort to build large-scale solar powered structures like solar parks and utility-scale power facilities. The global solar-based market is also driven by the rise of development projects including decentralized solar-oriented power plants, provincial charge projects, solar-based power plants on water bodies and roofs, and commercial buildings.
During the forecast period, the residential application market is estimated to grow at the highest CAGR. This is due to the recent decrease in price of printed sun-oriented cell frameworks. To meet the needs for home electricity in residential applications, printed solar-based cell frameworks are installed on the roof or in other locations with sufficient daylight. As most people would consider it normal to support the growth of the market for printed sun-oriented cell frameworks in private applications during the figure time frame, legislators in various countries like India, China, and the US offer incentives and charge refunds to private clients to introduce PV frameworks.
Global Printable Solar Cells Market By End-User, 2021 (%)
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Printable Solar Cells Market Regional Insights
Based on the region, the Asia Pacific region held the largest global printable solar cells market share. Asia-Pacific is likely to remain the dominant player, as the region is investing heavily in solar energy research and development.
North America is estimated to occupy a significant proportion of the market due to its significant involvement in the solar industry, the quantity of renewable energy projects it has underway, and the region's quick growth in the power sector. The market for printable solar cells is also projected to expand in Europe as demand for electricity rises. Investments are being made in the energy and electricity sectors in Latin America, which is anticipated to boost the market for printed solar cells there. Due to the steadily rising need for power brought on by increasing industrialization and urbanization, the Middle East and Africa offer significant potential.
Global Printable Solar Cells Market By Geography, 2022-2028
- Largest
- Fastest
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Printable Solar Cells Market Dynamics
Printable Solar Cells Market Drivers
- The market for printable solar cells is primarily driven by the rise in global electricity demand, and it is anticipated to grow rapidly in the coming years. Printable solar cells have the potential to provide a building's electrical needs continuously. This is anticipated to drive the market for printable solar cells during the forecast period.
- With the right materials, printable solar cells are capable of generating power from a variety of sources, including walls, roller blinds, shade umbrellas, curtains, and tents. These applications are anticipated to supply residential homes and non-residential structures all over the world with an excess of electric power. The market for printable solar cells is expected to grow as a result of these factors in the near future.
Printable Solar Cells Market Restraints
- The market for printable solar cells is projected to experience fierce competition from alternatives like silicon-based photovoltaic cells. In comparison to solar PV cells, which are 25% efficient, the most recent advancement in printable solar cell technology has been offering up to 10% efficiency. The longevity of newly created printable solar cells, created by a team of researchers from CSIRO, Australia, is up to six months, whereas the lifespan of traditional silicon solar PV cells is greater. These limitations are predicted to restrict the market for printable solar cells during the forecast period.
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Printable Solar Cells Market Competitive Landscape
The printable solar cells market is a fairly competitive area. Companies that produce printable solar cells are highly active on a global scale. These businesses are heavily spending on R & D and concentrating on increasing the effectiveness and longevity of printed solar cells.
Printable Solar Cells Market Top Players Company Profiles
- Oxford Photovoltaics
- Saule Technologies
- Solliance
- Heliatek
- Mitsubishi Chemical Corporation
- ARMOR Group
- AGC Inc.
- Konarka Technologies
- DisaSolar
- SolarWindow Technologies
- Eni
- CSEM
- Sunew
- Flexel
- G24 Power
- Fraunhofer ISE
- TNO
- Toyota
- Toshiba
- Panasonic
Printable Solar Cells Market Recent Developments
- In January 2022, Ascent Solar Technologies, Inc., a developer, and producer of cutting-edge, lightweight, flexible thin-film photovoltaic (PV) solutions, confirmed recently that the company has been appointed by Momentus, Inc., a developer as well as manufacturer of novel "last mile" space solutions, to produce specialized flexible CIGS PV modules for a demonstration deployable PV array that will fly on an upcoming Vigoride spacecraft that is scheduled to launch in 2022.
Printable Solar Cells Key Market Trends
- Super-thin printed solar panels: One of the many innovative ways that nanotechnology is paving the way for a clean energy and waste-free future is the development of extremely thin printable solar panels that might power mobile phones. This technology might significantly lower the cost of solar energy production while converting any surface—from buildings and roadside barriers to the back of your smartphone—into a solar panel.
Printable Solar Cells Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the Global Printable Solar Cells Market analysis, the market is currently led by countries in the Asia Pacific region, due to the heavy investments in solar energy research and development in this region. Along with this, the utilities segment is projected to lead the market due to an increase in the effort to build large-scale solar powered structures in the sector, over the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 28.08 billion |
| Market size value in 2031 | USD 40 billion |
| Growth Rate | 4.01% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Printable Solar Cells Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Printable Solar Cells Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Printable Solar Cells Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Printable Solar Cells Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Printable Solar Cells Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Printable Solar Cells Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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