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Global Graphene Solar Cell Market Share, Size, Forecast: 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; 2024-2032
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 2024-2032.
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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
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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.
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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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 (2018-2023)
8.3 Global Graphene Solar Cell Market Forecast (2024-2032)
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 (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Polycrystalline
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Thin Film
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Commercial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Industrial
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Utilities
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
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 (2018-2023)
9.1.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.2.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.3.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.4.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.5.2 Forecast Trend (2024-2032)
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 2032
2. Global Graphene Solar Cell Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Graphene Solar Cell Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Graphene Solar Cell Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Graphene Solar Cell Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Graphene Solar Cell Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Graphene Solar Cell Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Graphene Solar Cell Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Graphene Solar Cell Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Graphene Solar Cell Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Graphene Solar Cell Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Graphene Solar Cell Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Graphene Solar Cell Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Graphene Solar Cell Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Graphene Solar Cell Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Graphene Solar Cell Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Graphene Solar Cell Market Forecast: Breakup by Country (USD Million), 2024-2032
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 2024 and 2032.
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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