Global Dye Sensitized Solar Cell (DSSC) Market Expected To Grow At 12.5% CAGR During 2024-2032

As per the researchers at Zion Market Research, global Dye Sensitized Solar Cell (DSSC) Market, estimating its value at USD 128.54 Million in 2023, with projections indicating that it will reach USD 371.04 Million by 2032 The key players active in global dye sensitized solar cells (DSSC) market consist of Dyesol, 3GSolar Photovoltaics, Fujikura Ltd., Exeger Sweden AB, Konica Minolta Sensing Europe B.V., Merck KGaA, and G24i Power Ltd. Also, other players holding a noteworthy share in the market comprise Peccell Technologies, Inc., Oxford Photovoltaics, Solaris Nanosciences Corporation, Sharp Corporation, Sony Corporation, Solaronix SA, CSIRO, NIMS, and Ricoh Company Ltd.

Increasing Solar Energy Demand Projected To Drive The Global Market Growth

The major factor contributing to the growth of the global dye sensitized solar cell (DSSC) market is the increasing requirement for solar energy. Further, the latest technological innovations that have lead to the drop in production cost is also projected to drive the market growth in the near future. At present, producers of dye-sensitized solar cells are focusing on portable or indoor applications; thereby are anticipated to look at prospects in key application segments like outdoor advertising, electronics, bus shelters, steel roofing, and automotive. In addition, the rising environmental worries attributable to the growing carbon emissions are projected to further propel the expansion of the global dye sensitized solar cell (DSSC) market during the years to come. Moreover, the market is anticipated to obtain traction from the rising need for building integrated photovoltaic system (BIPV).

BIPV/BAPV Segment, Based On Application, Projected To Witness Highest Growth Rate

The global dye sensitized solar cell (DSSC) market is segmented based on type and application. Based on type, the market is divided into synthetic dye sensitizers and natural dye sensitizers. Based on application, the global market is categorized into BIPV/BAPV, portable charging, outdoor advertising, automotive, and embedded electronics. Among these, the BIPVs segment is projected to witness the highest growth during the forecast period. This segmental expansion can be credited to the traits of dye sensitized solar cells like easy installation, low-weight, and a high performance-to-weight ratio.

Europe Is Expected To Dominate The Global Market During The Forecast Period

Geographically, Europe is anticipated to govern the global dye sensitized solar cell (DSSC) market during the forecast period. The goal of the European Commission is to decrease the dependence on fossil-based fuel and persuading clean energy projects, which is projected to fuel the dye sensitized solar cell (DSSC) market in this region. Further, the launch of the most recent technologies and the elevated implementation rate in portable electronics and BIPV applications is anticipated to drive the dye sensitized solar cell demand in the coming period. Asia Pacific market is also anticipated to register a considerable expansion on account of the escalated implementation of these cells in BIPVs, BAPVs, and portable chargers.

Browse the full “Global Dye Sensitized Solar Cell (DSSC) Market - By Type (Synthetic Dye Sensitizers And Natural Dye Sensitizers), By Application (BIPV/BAPV, Portable Charging, Outdoor Advertising, Embedded Electronics, And Automotive), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/dye-sensitized-solar-cell-dssc-market

The global dye sensitized solar cell (DSSC) market is segmented as follows:

By Application

• Portable Charging
• BIPV/BAPV
• Embedded Electronics
• Outdoor Advertising
• Automotive

By Type

• Natural Dye Sensitizers
• Synthetic Dye Sensitizers
•  

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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