Solar cells that can be printed are made using a newly developed solar ink technology. Metal salts and a polymer-fullerene mixture are used in solar ink. The ink is made up of a photoactive layer of p-type polymers and n-type fullerenes. This is linked to the anode of the substratum. Using inkjet printing technology, the solar ink scheme can be implemented on layered coatings. The low cost of manufacturing printable solar cells is a significant benefit, thanks to the constant drop in silicon material prices worldwide. The main driver of the market for printable solar cells is rising global electricity demand, which is expected to continue at a rapid pace in the near future. Printable solar cells have the potential to provide continuous power to residential and commercial buildings. Furthermore, the printable solar cells can easily change shape and design to provide aesthetically better facade enhancements to a building. The market for printable solar cells is divided into bulk heterojunction solar cells and dye-sensitized solar cells (DSSC). Bulk heterojunction solar cell technology employs polymer-based flexible solar cells, also known as plastic solar cells. It is a thin-film solar cell technology. Dye-sensitized solar cells (DSSC) use titanium dioxide nanoparticles with a layer of light-harvesting dyes and are simple to manufacture using conventional roll printing technology.
MARKET SCOPE
The "Global Printable Solar Cells Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the printable solar cells market with detailed market segmentation by application, technology, and geography. The report provides key statistics on the market status of the leading printable solar cells market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on application, the market is segmented into solar panel and electronic.
- Based on technology, the market is segmented into bulk heterojunction solar cells and Dye sensitized solar cells (DSSC)
MARKET DYNAMICS
Drivers:
- A rise in global electricity demand is expected to boost demand for these printable solar cells.
- Low nstallation cost combined with their flexible design is driving the growth of the printable solar cell market.
Restraints:
- Availability of more efficient alternatives may hinder the growth of the printable solar cells market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The printable solar cells market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the printable solar cells market in these regions.
IMPACT OF COVID-19 ON PRINTABLE SOLAR CELLS MARKET
The COVID 19 has had a negative impact on the global solar industry. The major players in the printable solar cells market include Ascent Solar Technologies, Eni S.p.A., and infinityPV. The COVID-19 pandemic has severely impacted their businesses. There has been a reduction in the production volume of the printable solar cells components, due to which the printable solar cells market has been severely affected. However, the market is expected to witness notable growth in the forecast period.
MARKET PLAYERS
The report covers key developments in the printable solar cells market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the printable solar cells market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the printable solar cells market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ascent Solar Technologies, Inc.
- BrightSource Energy, Inc.
- Eni S.p.A.
- First Solar
- infinityPV
- MiaSol?
- Nanosolar Corporation
- SANYO
- SoloPower Systems, Inc.
- Triton Solar LLC