USD 28.15 billion
Report ID: SQSG45O2002 | Region: Global | Published Date: November, 2022 | Pages: 165
Global Printable Solar Cells Market was valued to be USD 28.15 billion in 2021, and it is expected to reach USD 40.67 billion by 2028 at a CAGR of 4.15% over the forecast period (2022-2028).
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.
Global Market Size
USD 28.15 billion
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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.
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.
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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.
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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.
Top Players Company Profiles
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.
|Market size value in 2021||USD 28.15 billion|
|Market size value in 2028||USD 40.67 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global 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 Global 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.
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Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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