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Global Graphene Solar Cell Market Share, Size, Trends, Analysis, Growth: By Type: Monocrystalline, Polycrystalline, Thin Film; By Application: Residential, Commercial, Industrial, Utilities; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028

Global Graphene Solar Cell Market Outlook

The global graphene solar cell market size is estimated to grow at a CAGR of 11% in the forecast period of 2023-2028.

 

Rising Demand in the Utilities Sector to Propel the Market Growth of Graphene Solar Cell

Based on application, the growing demand for graphene solar cells in the utility sector, particularly in power generation, is driving the market growth. The rapid urbanisation and the increasing demand for electricity in digitally connected devices are leading to the expansion of renewable energy sources like solar cells. Graphene-based solar cells are one of the most affordable sources of electricity, which is bolstering their installation on a commercial scale. 

 

The properties of graphene, like high optical transparency, carrier mobility, zero-band gap, and high mechanical strength, are fuelling its use as a photovoltaic material in solar cells to create an electric current when exposed to sunlight. Various governments are utilising graphene solar cells owing to their self-cleaning properties for boosting their power-generating capacities, which is playing a critical role in the graphene solar cell market development. 

 

Market Segmentation

Graphene, a one-atom-thick sheet of carbon, is used as a non-reflective covering on solar cells to increase energy absorption. Graphene solar cells are extremely strong, transparent, conductive, flexible, and cost-effective as they are made of carbon, an abundant material. They are widely used in residential, industrial, and commercial sectors, among others.

 

The graphene solar cell market by type is divided into:

  • Monocrystalline
  • Polycrystalline
  • Thin Film

 

Based on application, the market is segmented into:

  • Residential
  • Commercial
  • Industrial
  • Utilities

 

The regional markets for graphene solar cell can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Dependency on Renewable Energy Sources to Drive the Market Growth of Graphene Solar Cell

The rising dependency on cost-effective and efficient renewable energy sources like solar cells for power generation is surging the application of graphene-based solar cells to reduce the reflectivity of solar rays and drive efficient absorption of energy. The growing eco-consciousness and the emerging shift towards clean and renewable sources amid the increasing energy needs are favouring the graphene solar cell market demand. 

 

Graphene possesses exceptional characteristics, such as remarkable electrical characteristics, lightweight, exceptional strength, durability, and transparency, due to which it is preferred as an alternative to conventional materials like indium tin oxide and silicon in solar cells. Additionally, graphene-based solar cells are cost-effective as they are made from inexpensive carbon, and their flexibility is enabling the production of a wide range of solar cells that can turn any surface into a source of electric power. 

 

Graphene-based organic solar cells also absorb the ultraviolet and infrared components of sunlight and transmit the visible part that the human eyes can detect. Their flexibility and lightweight also make their transportation to remote regions with no central power grid possible. Furthermore, the growing research and development activities to improve the efficiency of graphene-based organic solar cells are expected to augment the graphene solar cell market growth over the forecast period.

 

Key Players in the Global Market for Graphene Solar Cell

The report gives a detailed analysis of the following key players in the global graphene solar cell market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • ZNSHINE PV-TECH Co.,Ltd
  • Elcora Ltd.
  • Verditek PLC
  • GCL System Integration Technology Co. Ltd
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Monocrystalline
  • Polycrystalline
  • Thin Film
Breakup by Application
  • Residential
  • Commercial 
  • Industrial
  • Utilities
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ZNSHINE PV-TECH Co.,Ltd
  • Elcora Ltd.
  • Verditek PLC
  • GCL System Integration Technology Co. Ltd
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions   
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Region
7    Industry Opportunities and Challenges  
8    Global Graphene Solar Cell Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Graphene Solar Cell Historical Market (2018-2022) 
    8.3    Global Graphene Solar Cell Market Forecast (2023-2028)
    8.4    Global Graphene Solar Cell Market by Type
        8.4.1    Monocrystalline 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Polycrystalline 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Thin Film
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Graphene Solar Cell Market by Application
        8.5.1    Residential
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Commercial 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Industrial 
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Utilities
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
    8.6    Global Graphene Solar Cell Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2022)
        9.4.2    Forecast Trend (2023-2028)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2022)
        9.5.2    Forecast Trend (2023-2028)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    ZNSHINE PV-TECH Co.,Ltd
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Elcora Ltd.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Verditek PLC
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    GCL System Integration Technology Co. Ltd
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Graphene Solar Cell Market: Key Industry Highlights, 2018 and 2028
2.    Global Graphene Solar Cell Historical Market: Breakup by Type (USD Million), 2018-2022
3.    Global Graphene Solar Cell Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    Global Graphene Solar Cell Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Graphene Solar Cell Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Graphene Solar Cell Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Graphene Solar Cell Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Graphene Solar Cell Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Graphene Solar Cell Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Graphene Solar Cell Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Graphene Solar Cell Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Graphene Solar Cell Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Graphene Solar Cell Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Graphene Solar Cell Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Graphene Solar Cell Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Graphene Solar Cell Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Graphene Solar Cell Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Global Graphene Solar Cell Market Structure

Key Questions Answered in the Report

The market is assessed to grow at a CAGR of 11% between 2023 and 2028.

The major market drivers include the exceptional characteristics of graphene solar cells, the growing transportation of graphene solar cells in remote regions with no central power grid, and the surging installations of graphene solar cells by various governments.

The key market trends guiding the growth of the market include the rising use of renewable energy sources, the increasing demand for electricity, and surging research and development activities to improve the efficiency of graphene solar cells.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Graphene posits excellent stability, flexibility, charge carrier mobility, tensile strength, thermal stability, high electrical conductivity, and transparency, due to which graphene is increasingly used as an alternative to silicon and indium tin oxide in solar cells.

The significant types of graphene solar cells include monocrystalline, polycrystalline, and thin film.

The different applications of graphene solar cells include residential, commercial, industrial, and utilities.

The major players in the market are ZNSHINE PV-TECH Co.,Ltd, Elcora Ltd., Verditek PLC, and GCL System Integration Technology Co. Ltd, among others.

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