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Perovskite Solar Cell Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, 2020-2030- Product Image
Perovskite Solar Cell Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, 2020-2030- Product Image
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Perovskite Solar Cell Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, 2020-2030

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  • 185 Pages
  • November 2025
  • Region: Global
  • TechSci Research
  • ID: 5967140
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Utilities is the fastest growing segment, Asia-Pacific is the largest market globally

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The Global Perovskite Solar Cell Market, valued at USD 156.38 Million in 2024, is projected to experience a CAGR of 35.82% to reach USD 981.67 Million by 2030. Perovskite solar cells are an advanced thin-film photovoltaic technology utilizing a perovskite-structured compound as the active light-absorbing material to efficiently convert solar energy into electricity. The market's expansion is primarily driven by their inherently high power conversion efficiencies, which often exceed those of conventional silicon-based alternatives, and significantly lower manufacturing costs stemming from simplified production processes and reduced material purity requirements. The inherent flexibility, lightweight characteristics, and potential for transparency further enhance their application versatility across diverse sectors, including building-integrated photovoltaics.

Key Market Drivers

The global perovskite solar cell market's expansion is primarily driven by continually improving power conversion efficiency and the inherent potential for low manufacturing costs. Ongoing material science and architectural innovations have consistently boosted device performance. For example, according to the University of Sydney in October 2025, published in Nature Nanotechnology, a 16 cm² triple-junction perovskite-perovskite-silicon tandem solar cell achieved an independently certified steady-state power conversion efficiency of 23.3%. This efficiency directly enhances competitiveness by maximizing electricity output per unit area, expanding application appeal. Concurrently, the intrinsic low manufacturing cost potential offers a compelling economic advantage. Perovskites can be fabricated using simpler, less energy-intensive solution-based techniques.

Key Market Challenges

The sustained long-term stability and durability of perovskite materials against environmental stressors like humidity, elevated temperatures, and prolonged light exposure significantly impede the broader market adoption of perovskite solar cells. This critical challenge directly hampers market growth by undermining investor confidence and limiting their ability to compete with established photovoltaic technologies. The commercial viability of solar technologies relies heavily on predictable, long operational lifetimes.

Key Market Trends

Flexible and transparent device applications represent a key growth area. Perovskite materials' inherent properties allow for fabrication on lightweight, flexible substrates and in transparent forms, unlocking diverse integration opportunities such as building facades, vehicle roofs, and wearable electronics. According to SolarPower Europe, the world deployed 447 GW of new solar PV capacity in 2023, with a forecast of 544 GW for 2024, indicating a robust overall solar market that flexible perovskites can further penetrate. This enables widespread adoption in sectors where traditional silicon panels are unsuitable due to weight or rigidity constraints.

Key Market Players Profiled:

  • Hanwha Corporation
  • CubicPV Technologies Inc.
  • EneCoat Technologies Co. Ltd
  • Microquanta Semiconductor Co., Ltd.
  • Greatcell Energy Pty Ltd.
  • Oxford Photovoltaics Limited
  • P3C Technology and Solutions Pvt Ltd
  • Perovskia Solar AG
  • Saule Technologies S.A.
  • Xiamen Weihua Solar Co., Ltd.

Report Scope:

In this report, the Global Perovskite Solar Cell Market has been segmented into the following categories:

By Structure:

  • Planar Perovskite Solar Cells
  • Mesoporous Perovskite Solar Cells

By Product:

  • Rigid Perovskite Solar Cells
  • Flexible Perovskite Solar Cells

By Method:

  • Solution Method
  • Vapor-Assisted Solution Method

By Application:

  • Smart Glass
  • Perovskite in Tandem Solar Cells
  • Solar Panel
  • Portable Devices
  • Utilities
  • BIPV

By End Use:

  • Aerospace
  • Industrial Automation
  • Consumer Electronics
  • Energy
  • Others

By Region:

  • North America
  • Europe
  • South America
  • Middle East & Africa
  • Asia Pacific

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Perovskite Solar Cell Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report:
  • Detailed analysis and profiling of additional market players (up to five).

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Table of Contents

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Perovskite Solar Cell Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Structure (Planar Perovskite Solar Cells, Mesoporous Perovskite Solar Cells)
5.2.2. By Product (Rigid Perovskite Solar Cells, Flexible Perovskite Solar Cells)
5.2.3. By Method (Solution Method, Vapor-Assisted Solution Method)
5.2.4. By Application (Smart Glass, Perovskite in Tandem Solar Cells, Solar Panel, Portable Devices, Utilities, BIPV)
5.2.5. By End Use (Aerospace, Industrial Automation, Consumer Electronics, Energy, Others)
5.2.6. By Region
5.2.7. By Company (2024)
5.3. Market Map
6. North America Perovskite Solar Cell Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Structure
6.2.2. By Product
6.2.3. By Method
6.2.4. By Application
6.2.5. By End Use
6.2.6. By Country
6.3. North America: Country Analysis
6.3.1. United States Perovskite Solar Cell Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Structure
6.3.1.2.2. By Product
6.3.1.2.3. By Method
6.3.1.2.4. By Application
6.3.1.2.5. By End Use
6.3.2. Canada Perovskite Solar Cell Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Structure
6.3.2.2.2. By Product
6.3.2.2.3. By Method
6.3.2.2.4. By Application
6.3.2.2.5. By End Use
6.3.3. Mexico Perovskite Solar Cell Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Structure
6.3.3.2.2. By Product
6.3.3.2.3. By Method
6.3.3.2.4. By Application
6.3.3.2.5. By End Use
7. Europe Perovskite Solar Cell Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Structure
7.2.2. By Product
7.2.3. By Method
7.2.4. By Application
7.2.5. By End Use
7.2.6. By Country
7.3. Europe: Country Analysis
7.3.1. Germany Perovskite Solar Cell Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Structure
7.3.1.2.2. By Product
7.3.1.2.3. By Method
7.3.1.2.4. By Application
7.3.1.2.5. By End Use
7.3.2. France Perovskite Solar Cell Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Structure
7.3.2.2.2. By Product
7.3.2.2.3. By Method
7.3.2.2.4. By Application
7.3.2.2.5. By End Use
7.3.3. United Kingdom Perovskite Solar Cell Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Structure
7.3.3.2.2. By Product
7.3.3.2.3. By Method
7.3.3.2.4. By Application
7.3.3.2.5. By End Use
7.3.4. Italy Perovskite Solar Cell Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Structure
7.3.4.2.2. By Product
7.3.4.2.3. By Method
7.3.4.2.4. By Application
7.3.4.2.5. By End Use
7.3.5. Spain Perovskite Solar Cell Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Structure
7.3.5.2.2. By Product
7.3.5.2.3. By Method
7.3.5.2.4. By Application
7.3.5.2.5. By End Use
8. Asia Pacific Perovskite Solar Cell Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Structure
8.2.2. By Product
8.2.3. By Method
8.2.4. By Application
8.2.5. By End Use
8.2.6. By Country
8.3. Asia Pacific: Country Analysis
8.3.1. China Perovskite Solar Cell Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Structure
8.3.1.2.2. By Product
8.3.1.2.3. By Method
8.3.1.2.4. By Application
8.3.1.2.5. By End Use
8.3.2. India Perovskite Solar Cell Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Structure
8.3.2.2.2. By Product
8.3.2.2.3. By Method
8.3.2.2.4. By Application
8.3.2.2.5. By End Use
8.3.3. Japan Perovskite Solar Cell Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Structure
8.3.3.2.2. By Product
8.3.3.2.3. By Method
8.3.3.2.4. By Application
8.3.3.2.5. By End Use
8.3.4. South Korea Perovskite Solar Cell Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Structure
8.3.4.2.2. By Product
8.3.4.2.3. By Method
8.3.4.2.4. By Application
8.3.4.2.5. By End Use
8.3.5. Australia Perovskite Solar Cell Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Structure
8.3.5.2.2. By Product
8.3.5.2.3. By Method
8.3.5.2.4. By Application
8.3.5.2.5. By End Use
9. Middle East & Africa Perovskite Solar Cell Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Structure
9.2.2. By Product
9.2.3. By Method
9.2.4. By Application
9.2.5. By End Use
9.2.6. By Country
9.3. Middle East & Africa: Country Analysis
9.3.1. Saudi Arabia Perovskite Solar Cell Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Structure
9.3.1.2.2. By Product
9.3.1.2.3. By Method
9.3.1.2.4. By Application
9.3.1.2.5. By End Use
9.3.2. UAE Perovskite Solar Cell Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Structure
9.3.2.2.2. By Product
9.3.2.2.3. By Method
9.3.2.2.4. By Application
9.3.2.2.5. By End Use
9.3.3. South Africa Perovskite Solar Cell Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Structure
9.3.3.2.2. By Product
9.3.3.2.3. By Method
9.3.3.2.4. By Application
9.3.3.2.5. By End Use
10. South America Perovskite Solar Cell Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Structure
10.2.2. By Product
10.2.3. By Method
10.2.4. By Application
10.2.5. By End Use
10.2.6. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Perovskite Solar Cell Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Structure
10.3.1.2.2. By Product
10.3.1.2.3. By Method
10.3.1.2.4. By Application
10.3.1.2.5. By End Use
10.3.2. Colombia Perovskite Solar Cell Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Structure
10.3.2.2.2. By Product
10.3.2.2.3. By Method
10.3.2.2.4. By Application
10.3.2.2.5. By End Use
10.3.3. Argentina Perovskite Solar Cell Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Structure
10.3.3.2.2. By Product
10.3.3.2.3. By Method
10.3.3.2.4. By Application
10.3.3.2.5. By End Use
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments
13. Global Perovskite Solar Cell Market: SWOT Analysis
14. Porter's Five Forces Analysis
14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products
15. Competitive Landscape
15.1. Hanwha Corporation
15.1.1. Business Overview
15.1.2. Products & Services
15.1.3. Recent Developments
15.1.4. Key Personnel
15.1.5. SWOT Analysis
15.2. CubicPV Technologies Inc.
15.3. EneCoat Technologies Co. Ltd
15.4. Microquanta Semiconductor Co., Ltd.
15.5. Greatcell Energy Pty Ltd.
15.6. Oxford Photovoltaics Limited
15.7. P3C Technology and Solutions Pvt Ltd
15.8. Perovskia Solar AG
15.9. Saule Technologies S.A.
15.10. Xiamen Weihua Solar Co., Ltd.
16. Strategic Recommendations17. About the Publisher & Disclaimer

Companies Mentioned

  • Hanwha Corporation
  • CubicPV Technologies Inc.
  • EneCoat Technologies Co. Ltd
  • Microquanta Semiconductor Co., Ltd.
  • Greatcell Energy Pty Ltd.
  • Oxford Photovoltaics Limited
  • P3C Technology and Solutions Pvt Ltd
  • Perovskia Solar AG
  • Saule Technologies S.A.
  • Xiamen Weihua Solar Co., Ltd.

Table Information

Report AttributeDetails
No. of Pages185
PublishedNovember 2025
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 156.38 Million
Forecasted Market Value ( USD ) by 2030 $ 981.67 Million
Compound Annual Growth Rate35.8%
Regions CoveredGlobal
No. of Companies Mentioned10

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