Contents
Introduction
Perovskite solar cells are attracting global attention as next-generation photovoltaic technology with strong potential for high efficiency and low manufacturing cost. Using organic–inorganic hybrid perovskite crystals, they can achieve power conversion efficiencies exceeding 25%, comparable to conventional silicon solar cells. Their thin-film structure, lightweight nature, and ability to conform to curved surfaces have opened pathways for applications in building-integrated photovoltaics (BIPV), IoT devices, and more.
Global Market Growth (2022–2025 Forecast)
- 2022: Approx. USD 200 million (demonstration stage)
- 2023: Approx. USD 320 million (early commercialization)
- 2024: Approx. USD 560 million (estimated)
- 2025 forecast: USD 900 million–1 billion (CAGR: 45%+)
Although the market is still in its early stage, commercialization is driving rapid growth. Particularly in China and Europe, government support and investment driven by startups are accelerating the build-out of manufacturing capacity.
Price Trends and Challenges Toward Mass Production
Because perovskite solar cells use relatively low-cost materials and processes, their production cost is expected to be reducible to roughly 50–60% of that of silicon-based solar cells. However, several challenges remain:
- Durability and degradation: Susceptibility to moisture and UV exposure necessitates further verification of long-term reliability.
- Lead usage risks: Many high-efficiency structures still rely on lead, raising ongoing environmental concerns.
- Scalable manufacturing processes: Establishing roll-to-roll coating and other scalable production technologies will be critical.
Application Outlook and Technology Trends
- BIPV (Building-Integrated Photovoltaics): Integrated into windows and roofing materials, enabling wider deployment of renewable energy in urban settings.
- IoT and wearables: Their flexibility and lightweight nature support integration into mobile devices and sensors.
- Space and aerospace: Research is progressing on ultra-lightweight, high-output designs suitable for satellite and aviation applications.
Regional Trends
- China: Government subsidies are accelerating the construction of mass-production lines, led by companies such as TCL and GCL.
- Europe: Companies like Oxford PV (Germany) have announced the world’s first commercial products, aiming for efficiencies above 30%.
- Japan: Major chemical manufacturers and university-based ventures continue to advance elemental technologies, with support from NEDO.
Future Outlook
Perovskite solar cells are expected to enter full commercial mass production over the next five years, potentially accelerating global adoption. Improvements in degradation resistance, lead-free formulations, and recyclability will be key technical drivers. As renewable energy continues to expand worldwide, perovskite technology is poised to play a highly significant role.
This report was independently compiled and reorganized by our association based on national energy statistics, academic literature, and industry reports.
