The global perovskite solar cell market size is expected to grow at a CAGR of 30.50% during the forecast period between 2026-2035. The growth of the market is likely to be driven by the rise in demand for solar cells.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
30.5%
2026-2035
*this image is indicative*
| Global Perovskite Solar Cell Market Report Summary | Description | Value |
| Base Year | USD Million | 2025 |
| Historical Period | USD Million | 2019-2025 |
| Forecast Period | USD Million | 2026-2035 |
| Market Size 2025 | USD Million | XX |
| Market Size 2035 | USD Million | XX |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 30.50% |
| CAGR 2026-2035 - Market by Region | Latin America | 32.7% |
| CAGR 2026-2035 - Market by Country | Saudi Arabia | 33.3% |
| CAGR 2026-2035 - Market by Country | China | 32.8% |
| CAGR 2026-2035 - Market by Method | Vapour-Assisted Solution Method | 36.7% |
| CAGR 2026-2035 - Market by End Use | Energy | 35.2% |
| Market Share by Country 2025 | Brazil | 2.6% |
The active layer of a perovskite solar cell (PSC) is made up of a material with a perovskite structure. These substances offer outstanding charge-carrier mobilities and light absorption. As the light-harvesting active layer, hybrid organic-inorganic lead is primarily used in perovskite solar cells. Perovskite solar cells are preferable to commercial silica and other organic or inorganic solar energy due to their high effectiveness and inexpensive manufacturing processes and components.
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The EMR’s report titled “Perovskite Solar Cell Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Structure
Market Breakup by Product
Market Breakup by Method
Market Breakup by End Use
Market Breakup by Region
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During the forecast period, the planar perovskite solar cell market is anticipated to experience high growth rate owing to its use in thin-film photoelectric systems and extraordinary electrical and optical capabilities. When the layer's breadth is zero, it can be made without using a high-temperature process and is used in mesoporous structures.
Due to their extensive use in product manufacturing and higher than 20% efficiency in power conversion, mesoporous perovskite solar cells are expected to have a market value more than expected during the projection period. Due to increasing demand, perovskite-based flat solar cells are anticipated to fuel the market growth.
During the forecast period, it is anticipated that the Asia Pacific region will witness robust growth. The Asia Pacific region dominates the global market in terms of revenue due to the region’s rapid urbanisation, the need for alternative energy to reduce dependency on fossil fuels, and increased government support in various countries.
Additionally, the well-developed consumer electronics industry in countries such as India, China, and Japan is fostering the perovskite solar cell market development.
On the other hand, North America is anticipated to account for a major portion of the market because of its robust consumer electronics industry. The region's robust automotive industry, increasing end-use sector demand, and the presence of significant market competitors in the region is further propelling the market growth.
| CAGR 2026-2035 - Market by | Country |
| Saudi Arabia | 33.3% |
| China | 32.8% |
| Mexico | 32.2% |
| Canada | 32.1% |
| UK | 29.9% |
| USA | XX% |
| Germany | 26.9% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| India | XX% |
| Australia | XX% |
| Brazil | XX% |
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. The report gives a detailed analysis of the following key players in the global perovskite solar cell market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Oxford PV, the inventor, and global leader in perovskite solar cell technology is headquartered in the United Kingdom. The business was founded in 2010 as an Oxford University spin-out. It is creating the first volume manufacturing line for perovskite-on-silicon tandem solar cells in the world and has the largest global staff solely dedicated to developing and commercialising a perovskite-based solar technology.
Greatcell Energy Pty Ltd, with its headquarters in Australia, is a world leader in the development and commercialisation of perovskite solar cell (PSC) technology, a third-generation photovoltaic technology used to create cement, glass, metal, or polymers. The company's main business is supplying micro-power supplies to the USD 1 trillion Internet of Things industry.
Swift Solar Inc. is a startup company headquartered in the United States that creates lightweight solar panels and systems that are more affordable and effective than other solutions. International leaders in perovskite technology established the business in 2017 with a common aim for the development of solar energy.
Other market players include Hubei Wonder Solar LLC and Saule Technologies, among others.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 30.50% between the forecast period of 2026-2035.
The major drivers of the market include the rise in economic growth and energy security, rise in demand of perovskite solar cell because of growing need to decline prices of solar cells, growing environmental concerns, and growing requirement for alternative energy to minimise reliance on fossil fuels.
The rise in demand for solar cells and increase in the number of installations of solar system are the key industry trends propelling the growth of the market.
The major players in the industry are Oxford PV, Greatcell Energy Pty Ltd, Saule Technologies, Swift Solar Inc., and Hubei Wonder Solar LLC, among others.
Perovskite solar cells function similarly to conventional solar panels: a semiconductor absorbs solar energy and starts an electron flow, which is then collected by wire and transformed into useful electricity.
The main problems with perovskite solar cells are film thickness and quality. The perovskite material is poisonous by nature and will degrade quickly when exposed to heat, moisture, and snow.
The capping layer could extend the outdoor operation lifetime of perovskite solar cells to up to 30 years, making them the first of their kind to surpass the commercial threshold of a 20-year lifetime.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| 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 Structure |
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| Breakup by Product |
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| Breakup by Method |
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| Breakup by End Use |
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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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