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Dye Sensitized Solar Cell Market Size Worth USD 231.1 Million By 2027 Growing At A CAGR Of 12.4% | Grand View Research, Inc.

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Dye Sensitized Solar Cell Market Size Worth USD 231.1 Million By 2027 Growing At A CAGR Of 12.4% | Grand View Research, Inc.

July 27
11:06 2021
Dye Sensitized Solar Cell Market Size Worth USD 231.1 Million By 2027 Growing At A CAGR Of 12.4% | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, Growing awareness among buyers about adverse environmental impacts associated with non-renewable source-based power farms, along with growing dependence on unconventional sources of energy, is estimated to boost the market growth.

The global dye sensitized solar cell market size is expected to reach USD 231.1 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.4% from 2020 to 2027. Increasing concerns regarding the negative environmental impacts, along with fossil fuel-based electricity generation farms, are projected to drive the global market.

Government authorities in numerous countries have been encouraging to generate power through renewable sources of energy. Favorable government initiatives to promote off-grid solar power farms, mainly in the developed countries of North America and Europe, are also projected to have a positive impact on market growth.

The embedded electronics application segment was valued at USD 15.5 million in 2019. Thin-film photovoltaics are progressively being used for portable battery charging solutions, which include solar chargers, wireless keyboards, and solar bags, owing to their capability to provide optimal wattage in such applications.

Incentives are being provided by the European government, such as feed-in tariffs, tax relief, and cost subsidies, to promote renewable sources of energy. Moreover, the high cost to performance ratio is estimated to positively influence the market growth. Increasing research and development activities in this field are likely to lead to the commercialization of on-grid dye sensitized solar cell (DSSC) units. Presently, dye sensitized solar cells have high penetration in applications, such as BIPV and portable charging. Increasing concerns regarding pollution caused due to the usage of non-renewable energy sources are expected to boost market growth over the forecast period.

Asia Pacific is estimated to expand at a CAGR of 13.6% from 2020 to 2027. Favorable government initiatives in countries, such as India, Taiwan, and China, to supply power to rural places have encouraged the governing bodies to deploy off-grid systems using renewable sources of energy. Rapid expansion, along with increasing product demand in portable electronic products, including mobile phones and portable chargers, is projected to boost the penetration of dye sensitized solar cells in the region. 

Dye Sensitized Solar Cell Market Report Highlights

 The portable charging application segment held the largest share of 33.3% in 2019

The Asia Pacific is projected to grow at a significant rate throughout the forecast period. China accounted for the maximum share in the Asia Pacific region in 2019

The BIPV/BAPV application segment is expected to expand at the fastest CAGR from 2020 to 2027.

North America is likely to witness significant growth during the projected period.

For Requesting a Sample Copy Please Visit @ https://www.grandviewresearch.com/industry-analysis/dye-sensitized-solar-cell-market/request/rs15

Dye Sensitized Solar Cell Market Segmentation

Grand View Research has segmented the global dye sensitized solar cell market based on application and region:

Dye Sensitized Solar Cells Application Outlook (Revenue, USD Million, 2016 – 2027)
    • Portable Charging
    • BIPV/BAPV
    • Embedded Electronics
    • Outdoor Advertising
    • Automotive (AIPV)
    • Others

Dye Sensitized Solar Cells Regional Outlook (Revenue, USD Million, 2016 – 2027)
     North America
        • The U.S.
    • Europe
        • Germany
        • The U.K.
        • France
    • Asia Pacific
        • China
        • India
        • Japan
    • Central and South America
    • Middle East & Africa

List of Key Players of Dye Sensitized Solar Cell Market
    • 3GSolar
     Fujikura Ltd.
     Solaronix SA
     Dyenamo AB
     Ricoh
     Sharp Corporation
     Dyesol Limited

Fill The Pre-Order Enquiry Form For The Report @ https://www.grandviewresearch.com/inquiry/1907/ibb

 

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About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
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Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/dye-sensitized-solar-cell-market


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