Global Quantum dot solar cell Market is expected to foresee significant growth. Europe to lead the growth!

Global quantum dot solar cell market is expected to showcase significant growth during the forecast period (2021-2027). It is mainly owing to significant increase in the demand renewable source of energy in various regions owing to the favorable and supporting government policies, rising adoption of clean fuel/energy among population are proliferating the industry outlook.

Over the years there has been a significant increase in the demand of renewable source of energy in various regions owing to the favorable and supporting government policies, rising adoption of clean fuel/energy among population. The solar photovoltaic market is one of the world’s fastest-growing energy markets. The solar power industry will grow by a factor of ten by 2030. In order for solar energy to succeed, a new technology that can provide superior efficiencies while also lowering costs below standard silicon PV panels is required. Quantum dot solar cells have the potential to be that technology. For instance, the installation of solar panels worldwide grew at a substantial rate of nearly 70% from 2015 to 2020 and average cost of solar panels reduced to 0.38 USD per Watt in 2019, compared to 2.04 USD per Watt in 2010. Hence, market opportunities for Quantum dot solar cells is expected to increase with surge in the demand for solar energy.

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The outbreak of COVID-19 had adverse impact on the quantum dot solar cell market. Severe health crisis across the world and several casualties that led to lockdown across the globe. Hence, disrupted the supply chain as manufacturers of quantum dots were severely affected during the first two quarters of 2020 due to the outbreak of the pandemic.

Based on product type, the quantum dot solar cell market is segmented into quantum dot solar cells, quantum dot hybrid solar cells, and quantum nanowire solar cells. The quantum dot solar cell extensive market share. Quantum dot solar cells have the potential for solar, or photovoltaic cells that reduce wasteful heat and capitalizes on the amount of the sun’s energy that is converted to electricity. This is significant toward making solar energy more cost-competitive with conventional power sources.

Based on end-users, the market is classified into residential and non-residential. The non-residential segment caters extensive market demand for quantum dot solar cell. As quantum dots solar cells offers higher efficiency than photovoltaic solar system also solar cells based on quantum dots could convert more than 65 percent of the sun’s energy into electricity. Hence, demand for quantum dot solar cell surging in commercial and industrial sector and expected to have influential growth in future as well.

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For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, Spain, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. North America holds the significant market share due to the adoption of advanced technology and rising research and development activities.

Some of the major players operating in the market include Avantama AG, Crystalplex Corporation, Nanoco Group, Nanosys, Navillum, Nanotechnologies, NN-Labs, Ocean NanoTech, Osram Licht, Quantum Materials, Samsung Electronics. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.

Global Quantum dot solar cell Market Segmentation

Market Insight, by Product Type

• Quantum Dot Solar Cells
• Quantum Dot Hybrid Solar Cells
• Quantum Nanowire Solar Cells

Market Insight, by Material

• Cadmium-Based
• Cadmium-Free

Market Insight, by End-User

• Residential
• Non-Residential

Market Insight, by Region

• North America Quantum dot solar cell Market
  • United States
  • Canada
  • Rest of North America
• Europe Quantum dot solar cell Market
  • Germany
  • United Kingdom
  • Spain
  • Italy
  • France
  • Rest of Europe
• Asia-Pacific Quantum dot solar cell Market
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Rest of World Quantum dot solar cell Market

Top Company Profiles

• Avantama AG
  • Crystalplex Corporation
  • Nanoco Group
  • Nanosys
  • Navillum Nanotechnologies
  • NN-Labs
  • Ocean NanoTech
  • Osram Licht
  • Quantum Materials
  • Samsung Electronics