The global market for perovskite and other thin film solar modules should reach $5.2 billion by 2022 from $3.7 billion in 2017 at a compound annual growth rate (CAGR) of 7.0%, from 2017 to 2022

LONDON, Jan. 31, 2018 /PRNewswire/ --  The global market for perovskite and other thin film solar modules should reach $5.2 billion by 2022 from $3.7 billion in 2017 at a compound annual growth rate (CAGR) of 7.0%, from 2017 to 2022.



Download the full report: https://www.reportbuyer.com/product/5304209


• The thin film solar modules market is expected to grow from $3.7 billion in 2017 to $5.2 billion in 2022 at a CAGR of 6.9% for the period 2017-2022.
• The market for perovskite solar cells is expected to grow from $2 million in 2017 to $22 million in 2022 at a CAGR of 61.5% for the period 2017-2022.

Chapter 1: Introduction
Study Goals and Objectives
Natural perovskites were first discovered in the 1800s, and were synthesized in a lab toward the end of the same century. The first commercial applications were in electronics, and it was only at the end of the 20th century that their optical properties were exploited for the fabrication of optoelectronic devices and solar cells.

Since the early 2000s, the number of R&D activities related to the development of perovskite solar cells has increased very rapidly, leading to the first steps in their commercialization. These devices have potential use in sectors such as construction, architectural applications, infrastructure and electronics.

The main goal of this report is to provide a current and detailed assessment of the market for perovskite solar cells (PSCs), including an objective analysis of industry and technological trends, and prospects for future growth. In addition, an updated review of the most important advancements in PSC fabrication technology is offered, with a focus on those processes that will contribute to market growth during the next five years.

Specifically, the major objectives of this study are to:
• Provide an updated review of the various types of perovskite solar cells.
• Discuss the most advanced processes and materials employed for production of perovskite solar cells.
• Highlight new technological developments during the past three years, while outlining current technical issues.
• Review existing fields of application for perovskite solar cells and examine emerging applications.
• Estimate global markets for perovskite and other thin film solar cells by device category, application and region, with growth forecasts through 2022 for each market segment.
• Identify important technology and industry trends within each market segment.
• Offer an updated review of current industry players, including manufacturers of perovskite photovoltaic cells, producers of materials for their fabrication, equipment suppliers, technology developers and future market participants.
• Provide a description of the most relevant research and development activities.
• Determine trends in recently issued U.S. and international patents.

Reasons for Doing This Study
Global production of solar modules is estimated to reach 62.5 GW in 2017 and is expected to expand at a healthy rate, with a projected compound annual growth rate (CAGR) of 12.5% through 2022.

Thin film solar cells represent almost 7% of modules produced. Thin film solar cells include conventional and emerging technologies. Among the emerging technologies, perovskite solar cells have been garnering increasing attention since the early 2000s due to their outstanding photovoltaic performance.

A variety of processes, materials and cell configurations are being pursued for the fabrication of these devices, with the purpose of manufacturing PSCs that exhibit higher power conversion efficiencies and lower fabrication costs than existing technologies.

The principal reason for doing this study is to present a current assessment of perovskite solar cells from both a technological and market point of view, and to outline future trends and key developments.

There is also a need to evaluate the current status and future trends of the PSC industry from a global standpoint. As perovskite solar cells start entering the market and new fields of application emerge, information on the suppliers and developers of these devices and their regional distribution becomes more valuable.

An equally important reason for undertaking this study is to provide technical insights into the manufacturing of perovskite solar cells by:
• Providing a review of materials used for PSC fabrication, as well as production methods and applications.
• Identifying current technological trends.
• Providing an overview of the main global R&D activities related to perovskite solar cells, resulting in the issuance of patents.
• Illustrating the latest technological developments.

This information can assist companies in identifying opportunities for process and productivity improvements and new product development, resulting in a positive impact on future market growth.

Intended Audience
This study will be of primary interest to all organizations that:
• Develop, manufacture, sell, and distribute perovskites and perovskite photovoltaic devices.
• Produce inks, films, coatings and other intermediates for fabrication of solar cells.
• Manufacture processing and characterization equipment utilized by producers of perovskite solar cells.
• Fabricate and supply solar cells for construction, architectural, infrastructure and other projects.
• Provide technical and/or marketing services for the photovoltaic industry.
• Are planning to enter the photovoltaic industry as a supplier, manufacturer, service provider or end user.

Overall, this study applies to industry sectors such as construction/architectural, infrastructure, transportation, electronics, defense and space exploration.
The study is mainly directed toward executives, directors, operations managers, sales and marketing managers, and strategic planners working within the above industry sectors. Universities and research facilities may also find this study to be a good source of technical information regarding perovskite solar cell technology, materials, and applications, which can be used as a baseline for new or expanded R&D activities. Librarians of technical information and research centers can also use this report to provide critical data to product managers, market analysts, researchers, and other professionals needing detailed and updated insights into this field.

Scope of Report
This report provides an updated review of various types of perovskite photovoltaic cells and their fabrication processes, and identifies current and emerging applications for these products.

BCC Research delineates the current market status for perovskite and other thin film solar modules, defines trends and presents growth forecasts for the next five years. The market is analyzed based on the following segments: solar cell type, application and region. In addition, technological issues, including key events and the latest process developments, are discussed.

More specifically, the market analysis conducted by BCC Research for this report is divided into five sections.
In the first section, an introduction to the topic and a historical review of perovskite solar cells are provided, including an outline of recent events. In this section, current and emerging applications for these devices are also identified and grouped according to six main categories (construction/ architectural, infrastructure, electronics, transportation, space and defense).

The second section provides a technological review of perovskite solar cells. This section offers a current and detailed description of fabrication processes for perovskite photovoltaic cells; typical materials used to produce these devices; cell configurations and efficiencies achieved in recent years; technological trends in device fabrication; and new and emerging fabrication methods. This section concludes with an analysis of the most important technological developments since 2015, including examples of significant patents recently issued or applied for, as well as highlighting the most active research organizations operating in this field.

The third section entails a global market analysis for perovskite and other thin film solar modules. Global revenues (sales data in millions of dollars) are presented for each segment (solar cell type, application and region), with actual data referring to the years 2015 and 2016, and estimates for 2017.

The analysis of current revenues is followed by a detailed presentation of market growth trends, based on industry growth, and industry and regional trends. The third section concludes by providing projected revenues for perovskite and other thin film solar modules within each segment, together with forecast CAGRs for the period 2017 through 2022.
In the fourth section of the study, which covers global industry structure, the report offers a list of the leading suppliers and developers of perovskite solar cells, together with a description of their products.

The analysis includes a description of the geographical distribution of these firms and an evaluation of other key industry players. Detailed company profiles of the top players are also provided.

The fifth and final section includes an analysis of recently issued U.S. and international patents, with a summary of patents related to perovskite photovoltaic devices, materials, fabrication methods and applications. Patent analysis is performed by region, country, assignee, patent category, device type and material type.

Methodology and Information Sources
To analyze the overall market and market segments, both primary and secondary research methodologies were used to obtain market data.
The technology section of this report is based on information derived from technical literature, related BCC Research reports, professional journals, the author's field experience and online sources.

Global market analysis was performed by a thorough investigation of manufacturers and developers of perovskite solar cells, providers of equipment, materials, and services for their fabrication, users of these devices, and developers of new technologies, accounting for at least 90% of the global market. Data were obtained from the direct contribution of primary sources, including company executives, managers, engineers and other technical personnel representing manufacturers, developers, and users of solar cells and related technologies; representatives of academia and trade associations; and industry market analysts.

Additional data for each company were obtained by thoroughly analyzing Security and Exchange Commission (SEC) filings, websites, annual reports, industry directories, industry magazines and catalogs, government sources and other public sources.

Secondary sources of information include, but are not limited to:
• U.S. Securities and Exchange Commission Filings.
• U.S. Patent and Trademark Office.
• European Patent Office.
• Company websites.
• Company annual reports.
• Thomas Register.
• Moody's Directory.
• S & P Industry Survey.
• Dun & Bradstreet Business Directory.
• Foreign chamber of commerce directories.
• Foreign stock exchange listings.
• American Ceramic Society publications.
• American Chemical Society publications.

In addition to utilizing the above primary and secondary sources, market growth trends and forecasts were compiled by gaining additional insights from relevant financial and market information, relevant BCC Research reports, and the author's own in-depth and comprehensive analysis of the collected information.

Market Breakdown
In this report, the market for perovskite and other thin film solar modules is analyzed based on the categories in the following figures.

Chapter 2: Summary and Highlights
Perovskites are materials with a unique crystal structure that enable them to find application in many fields. They have been synthesized in the form of oxides, alloys and halides. Although oxides are the most popular, halides have received increasing attention in recent years due to their semiconducting properties, which makes them suitable for various applications in the optoelectronics and energy sectors.

In particular, perovskite solar cells represent an emerging category of thin film solar cells with very good prospects for becoming a replacement for not only other thin film solar technologies, but also as a substitute for crystalline silicon. Perovskite solar cells can be applied in more traditional fields, such as construction and utility projects, and in emerging, non-typical applications, such as artificial photosynthesis.

Perovskite solar cells are being produced in a variety of material compositions (e.g., alkali metal halides, organic-inorganic halides and lead-free formulations) and configurations (e.g., single-junction, tandem and multijunction) to achieve high power conversion efficiency (PCE) and optimal photovoltaic performance. Their long-term stability, however, still represents the main impediment to achieving full commercialization, although several players are proposing solutions that would soon allow for a successful entry into the market.

This study provides an updated and comprehensive description of perovskite solar cells as well as an overview of their fabrication processes and applications, outlining current technical issues and the latest technological developments related to the manufacturing of these products. It also offers a detailed market analysis for perovskite and other thin film solar cells by segment (solar cell type, application and region), describing technical aspects and trends that will affect future growth of this market.

As shown in the Summary Table, the global market for thin film solar modules increased from $3.1 billion in 2015 to almost $3.3 billion in 2016 and is estimated to reach over $3.7 billion by the end of 2017, corresponding to a CAGR of 9.3% during the two-year period. In recent years, sales of thin film solar cells have suffered aggressive price competition from crystalline silicon. However, producers of thin film solar cells are making progress in the fabrication of cells with higher PCE and low manufacturing costs.

Conventional thin film solar cells (e.g., cadmium telluride and copper-indium-gallium diselenide) currently account for the largest share of the market, by far, but several emerging technologies are being introduced to better compete on price, such as organic and dye-sensitized cells.

By comparison, perovskite solar cells are primarily still in the development stage with sales that are estimated to be several million dollars and consisting largely of prototypes.

Demand for thin film solar cells will be positively affected by several factors during the next five years, including the following:
• Increasing penetration of renewable, clean sources of energy due to environmental concerns.
• Healthy growth of the construction and utility markets due to improving economic conditions worldwide.
• Strong expansion of the building-integrated photovoltaic (BIPV) market.
• Development of solar cells with record PCEs.
• Rapidly rising levels of related R&D activities.

Although demand for thin film solar modules is forecast to resume expansion at a healthy rate, price pressures will remain high. Unit prices are expected to continue dropping to remain competitive with crystalline silicon. As a result, the total market for thin film solar modules is forecast to grow at a CAGR of 7.0% from 2017 to 2022, reaching global revenues of more than $5.2 billion by 2022.

During this time, producers of perovskite solar cells are expected to make significant progress toward reaching mass production, while introducing products with improved long-term reliability. By 2022, the market for perovskite solar cells is projected to reach $22 million and begin expanding at a much faster rate of 61.5% from 2017 to 2022.

Download the full report: https://www.reportbuyer.com/product/5304209

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]  
Tel: +1 (718) 213 4904
Website: www.reportbuyer.com

SOURCE ReportBuyer

Related Links

http://www.reportbuyer.com