News By Tag
News By Place
Follow on Google News
Increasing Focus on Clean Energy Fueling Dye-Sensitized Solar Cell Demand
Geographically, the dye-sensitized solar cells market would register the fastest growth in the Asia-Pacific region in the future years, as per the estimates of P&S Intelligence, a market research company based in India.
By: P&S Intelligence
The increasing installation of PV modules will help the dye-sensitized solar cells market accelerate at a healthy CAGR of 13.2% during the forecast period (2018–2023)
In recent years, dye-sensitized solar cell manufacturers, such as 3GSolar Photovoltaics Ltd., Peccell Technologies Inc., H.Glass, Greatcell Solar Ltd., Solaronix SA, Fujikura Europe Ltd., G24 Power Ltd., Exeger Operations AB, Merck KGaA, and Konica Minolta Inc., have engaged in research and innovation for the mass commercialization of these products. The ongoing research and development (R&D) activities focus on modifying or overhauling the structure of these cells for better performance and cost dynamics. These initiatives also focus on the commercial application of the research findings and the development of new raw materials.
Geographically, Europe accounted for the largest share in the Dye-sensitized solar cells market (https://www.psmarketresearch.com/
Therefore, the increasing installation of PV modules due to the rising concern for energy security is projected to fuel the deployment of dye-sensitized solar cells in the upcoming years.