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Perovskite Solar Cell Market Report 2025: Market Size, Price Trends, and Commercialization Outlook
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 …