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Reasons for Tremendous Growth of Global Dye-Sensitized Solar Cells (DSSC) Market during 2021 – 2029 - A Report by Absolute Markets Insights

Published On 18 Jun 2021 03:20 AM


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A dye-sensitized solar cell (DSSC) is a thin-film and low-cost solar cell composed of electrode, which includes the cathode and anode, along with an electrolyte and a dye. DSSC is regarded as a highly promising method for effective and economical conversion of light to electrical energy. The dye-sensitized solar cells is responsible for performing dual functions, including the generation of electric power through an incident light, along with aesthetic improvement of the buildings. The innovation and research in the global dye-sensitized solar cells (DSSC) market is aiding in the large scale commercialization of these cells.

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The performance and the cost dynamics of these cells have also been linked with the structure of the cells and with the nature of the components. The current research on these cells has largely been focused on the modification of the structure of the dye-sensitized solar cells (DSSC). The growing demands for renewable energy including the solar energy has been one of the main drivers contributing towards the growth of the global dye-sensitized solar cells (DSSC) market. The common aim of countries across the world for delivering clean and cost-efficient power to the public at large is expected to retain the growth of the global dye-sensitized solar cells (DSSC) market over the period of next right years.

The global dye-sensitized solar cells (DSSC) market accounted for US$ 97.25 Mn in 2020, and is expected to grow at a CAGR of 13% during the forecast years (2021-2029).

The detailed research study provides qualitative and quantitative analysis of the global dye-sensitized solar cells (DSSC) market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America

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Key Findings of the Report:

  • In recent years, new DSSC system designs have emerged as an alternative for traditional solar cells and each functional part of a DSSC has been improved with alternative materials and fabrication methods.
  • Low manufacturing cost, simplistic fabrication procedures, semitransparency and decent performance under low-light conditions are among the prominent characteristics associated with dye-sensitized solar cells, which is aiding the growth of the global dye-sensitized solar cells (DSSC) market.
  • The demand for cheap and clean energy across the world is anticipated to fuel the growth of the global dye-sensitized solar cells (DSSC) market over the forecast period.
  • Some of the major companies operating in the global dye-sensitized solar cells (DSSC) market are 3GSolar, Exeger Operations AB, Fujikura Europe Ltd, G24 power Limited, Konica Minolta, Sensing Europe B.V., Nissha Co., ltd., RICOH COMPANY, LTD., SHARP CORPORATION, and Solaronix SA amongst others.

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Global Dye-Sensitized Solar Cells (DSSC) Market:

  • By Operating Environment
    • Indoor
    • Outdoor

 

  • By Application
    • Consumer Electronics
      • Smart Watch
      • E-Reader
      • Remote Controllers
      • Wireless Keyboards
      • Portable Charger
      • Others
    • Sensors
      • Fragrance Dispensers
      • Smoke Detectors
      • Environment Sensors
      • Blinds & Shades
      • Others
    • Retail
      • Smart Cards
      • Electronic Price Labels
      • RFID Tags
      • Others
    • Building & Construction
    • Portable Medical Devices
    • Others
  • By Region:
  • North America
      • U.S.
      • Canada
      • Mexico
      • Rest of North America
  • Europe
      • France
      • The UK
      • Spain
      • Germany
      • Italy
      • Nordic Countries
        • Denmark
        • Finland
        • Iceland
        • Sweden
        • Norway
      • Benelux Union
        • Belgium
        • The Netherlands
        • Luxembourg
      • Rest of Europe
  • Asia Pacific
      • China
      • Japan
      • India
      • New Zealand
      • Australia
      • South Korea
      • Southeast Asia
        • Indonesia
        • Thailand
        • Malaysia
        • Singapore
        • Rest of Southeast Asia
      • Rest of Asia Pacific
  • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Egypt
      • Kuwait
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
      • Brazil
      • Argentina
      • Rest of Latin America

 

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Press Release Provided By: Absolute Markets Insights