USA: +1 347 690-0211 | UK: +44 2032 894158 | JAPAN: +81 50 5806 9039 | Translate : 

Global Quantum Dot Solar Cell Market Projected To Grow USD 2,319.8 Million by 2026

08-Jul-2021 | Facts and Factors

According to a Facts and Factors report, the global quantum dot solar cells market was registered at approximately USD 758.1 Million in 2020 and is expected to generate revenue of almost USD 2,319.8 Million by the year 2026, growing at a CAGR of approximately 20.5% between 2021 and 2026.

A quantum dot solar cell (QDSC) is a type of solar cell that employs quantum dots as the photovoltaic material. It is used in place of bulky materials like silicon or copper indium gallium selenide.

Request Sample Request Customization Buy Now

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.

Increasing preferences for environmentally friendly energy sources, growing applications in the medical sector as well as in harnessing devices, an increase in research and development activities, and an increase in the use of quantum dot in high bandwidth operations are some of the factors that will likely boost the growth of the quantum dot solar cell market during the forecast period of 2021-2026. Adoption of nanotechnology, on the other hand, will boost various opportunities, leading to the growth of the Quantum dot solar cell market during the forecast period.

Top Market Players

Major market players operative in the global quantum dot solar cell market are Plasmachem GmbH, Zhijing Nanotech Co. Ltd., Samsung Electronics, Avantama AG, Quantum Solutions LLC, Crystalplex Corporation, Osram Licht, Nanoco Group, Green Science Alliance Co. Ltd., Nanosys, Navillum Nanotechnologies, NN-Labs, and Ocean NanoTech amongst others.

Increase in the use of quantum dot in high bandwidth operations

Increasing preferences for environmentally friendly energy sources, growing applications in the medical sector as well as in harnessing devices, an increase in research and development activities, and an increase in the use of quantum dot in high bandwidth operations are some of the factors that will likely boost the growth of the quantum dot solar cell market during the forecast period of 2021-2026. Adoption of nanotechnology, on the other hand, will boost various opportunities, leading to the growth of the Quantum dot solar cell market during the forecast period. Strict cadmium usage regulations will act as a market restraint for quantum dot solar cells during the forecasted period.

Quantum dot solar cells have the potential for solar, or photovoltaic, cells that reduce wasteful heat while maximizing the amount of solar energy converted to electricity. This is significant in terms of making solar energy more cost-competitive with traditional power sources.

Existing solar cells have conversion efficiencies as high as 33%, but production solar cells installed on roofs have a much lower efficiency on average. As a result, if quantum dot solar cells could be mass-produced at a low cost, they would be at least three times more efficient than currently manufactured solar cells. Quantum dot-based solar cells could convert more than 65 percent of the sun's energy into electricity.

Technological advancements have resulted in the production of quantum dot solar cells with high power conversion efficiency (PCE) and modified band tuning via dipole, density, and orientation of the self-assembled monolayers (SAMs). During the forecast period, demand for such QDSCs is expected to rise. The growing demand for highly efficient and low-cost quantum dots in hybrid solar cells for a variety of applications is also expected to drive the overall QDSC market.

North America is anticipated to lead global quantum dot solar cell market growth

North America will dominate the quantum dot solar cell market due to the adoption of advanced technology in the United States and Canada, as well as rising research and development activities, whereas Asia-Pacific will grow in the forecast period of 2021-2026 due to rising demand for environmentally friendly sources of energy, as well as the prevalence of investment in research activities in the region.

Browse the full report “Quantum Dot Solar Cell Market by Product Type (Quantum Dot Solar Cells, Quantum Dot Hybrid Solar Cells, and Quantum Nanowire Solar Cells), By Material (Cadmium-Based and Cadmium-Free) and By End User (Consumer, Commercial, Healthcare, Defense, Telecommunications. and Others): Global and Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” at https://www.fnfresearch.com/quantum-dot-solar-cell-market

The global quantum dot solar cell market is segmented as follows:

By Product Type:

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

By Material:

  • Cadmium-Based
  • Cadmium-Free

By End user:

  • Consumer
  • Commercial
  • Healthcare
  • Defense
  • Telecommunications.
  • Others

By Region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:
Facts & Factors

A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: sales@fnfresearch.com


Latest Market Research Reports

report img

Corporate Travel Insurance Market Report 2021 – 2026

[196+ Pages Report] According to Facts Factors, the global corporate travel insurance market report offers a complete market breakdown structure and analytics. These market findings exhibit that the global <a href="https://www.fnfresearch.co ...

Published Date : 23-Nov-2021 | | Category : Consumer Goods | Pages : 196 | Format : Read more

Inquiry for Buying Request Sample
report img

Dental Periodontics Market Report 2021 – 2026

[212+ Pages Report] According to Facts Factors, the global dental periodontics market report encompasses the complete market breakdown structure. The global <a href="https://www.fnfresearch.com/news/global-dental-periodontics-market-revenue- ...

Published Date : 23-Nov-2021 | | Category : Healthcare | Pages : 212 | Format : Read more

Inquiry for Buying Request Sample

Why FnF Market Research?

1 Inflallible Methodology

to ensure high-level data integrity, accurate analysis, and impeccable forecasts

2 Analyst Support

for complete satisfaction

3 Customization

on-demand customization of scope of the report to exactly meet your needs

4 Targeted Market View

Targeted market view to provide pertinent information and save time of readers

5 Agile Approach

A faster and efficient way to cater to the needs with continuous iteration