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Pulished Date April, 2021
ID: 10358
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Dye-Sensitized Solar Cells Market Segmentation by application (Portable Charging, BIPV/BAPV, Embedded Electronics, Outdoor Advertising, AIPV), by type (Natural and Synthetic), and Region - Industry Forecast to 2026

Pulished: April, 2021
ID: 10358
Pages: 175

Dye-Sensitized Solar Cells Market Overview:

The global market size for dye-sensitized solar cells was valued at $ 90.5 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 12.4% from 2020 to 2025. Sensitized solar cells with dyes are also called dye-sensitized cells. This is the third generation photovoltaic (solar) cell that converts all visible light into electrical energy. The dye-sensitized solar cell is easy to manufacture using traditional roll printing techniques and is semi-transparent and semi-flexible, allowing a variety of uses not applicable to rigid PV systems. The main advantages of tint solar cells are that they are more efficient than available conventional solar technology, absorbing more sunlight per area than standard silicon-based solar panels. In addition, they are an attractive replacement for current technologies in low-density applications such as rooftop solar collectors.Research and innovation in the dye solar cell market are helping the mass commercialization of these cells. The performance and cost dynamics of these cells are related to their cell structure and the nature of the components. Thus, current research on these cells is mainly focused on the modification or revision of their structure, the development of new raw materials and the commercial application of the research results. Also, research and development (R&D) has focused on replacing raw materials with cheaper, locally sourced derivatives, and has broadened the application base of these cells. This is likely to improve the adoption rates of these cells, thus driving market growth.

Dye-Sensitized Solar Cells Recent Developments in Industry:

On February 4, 2020, Ricoh Company Ltd. broadcasted the launch of the world's first Solid Dye Solar Cell (DSSC) modules, the RICOH EH DSSC Series. This latest Ricoh innovation can generate electricity from interior lighting and produce new renewable energy to allow electronics to hold charge.

Dye-Sensitized Solar Cells Market Drivers:

The main factors driving the growth of the global dye-sensitized solar cell market are the increasing use of solar energy, the growing market demand for BIPV, and government regulations and policies supporting the adoption of solar modules. The global demand for clean and sustainable energy is increasingly anchored in energy dynamics due to growing concerns about energy security, carbon emissions, and growing global climate anomalies. This is marked by a shift in energy portfolios from dependence on fossil fuels towards renewable energy sources, primarily solar energy. Solar dye cells can play an important role in directing the demand for solar energy in the future with increased application in building envelopes such as facades, roofs, tiles and roofs. The introduction of government policies, such as power fees, tax credits and subsidies, has allowed the solar electricity produced to reach price parity with the production of electricity using traditional energy sources, such as fossil fuels. Additional measures, such as tenders, support the adoption of solar panels and the intensification of the deployment of photovoltaic energy around the world. These policies are also expected to boost demand for these cells, thereby supporting the growth of the dye-sensitized solar cell market globally. Technical innovations have resulted in a good price/presentation ratio for these solar cells, which should positively influence market growth. DSSC technology is expected to meet the three common energy needs of the future, including economic growth, energy security and environmental protection. The advantages of a dye-sensitive solar cell (DSSC), such as cost effectiveness, high performance ratio and the ability to provide electricity in low light conditions, are expected to drive demand over the projected period.


The low power generation efficiency of dye-sensitized solar cells can be considered as the key factor restricting the growth of the global market. Silicon-based cells have a higher cost but are more efficient and have a power generation efficiency of 12-15%, which is slightly higher than the efficiency of these cells 11%).

Dye-Sensitized Solar Cells Market Segmentation:

The global dye-sensitized solar cells market is bifurcated based on application and type,

Based on application, the BIPV category dominated the market, contributing over 20% share, in terms of value, in 2017. This can be attributed to the properties of the cells. Low weight solar colorant, easy installation, and high performance in weight ratio. These allow easy installation and modernization of these cells in building envelopes such as roofs, canopies, glass facades and roofs.

Based on type, the global market is divided into natural dyes and synthetic dyes. The natural sensitizing dye is extracted from cabbage, onion peels and spinach and is used as a sensitizer for DSSC.

Dye-Sensitized Solar Cells Regional Analysis:

Europe and North America are likely to be crucial areas for developments in the dye-sensitized solar cells market in the foreseen years. The European Commission's 2020 goal of reducing dependence on fossil fuels and supporting clean and green energy technologies is expected to have a positive effect on market growth. Ratification of the Paris Agreement on climate change by the world's leading countries is also expected to boost demand for dye-sensitized solar cells in the short and long term. In developing countries like India, where the potential demand for energy is high and rising, the special government budget allocation to develop solar power plants is also expected to create a demand for dye solar cells. In the United States too, the contribution of renewables to the country's overall energy demand is increasing, offering a promising future for product market growth. With the trend of sustainable energy development spreading across the globe, the demand for dye-sensitized solar cells is expected to experience significant growth potential around the world over the next decade. Globally, Europe had the largest market share, in value, of the market, in 2020. Since in addition, the market will exhibit the fastest growing in the APAC region, with a CAGR of 14.0% during the forecast period. This growth is likely to be manifested by increased adoption rates for these cells in portable chargers, BIPV and BAPV, which in turn is likely to drive the market in the area.

Key Players:

Some of the key players in the dye sensitized solar cell market include:

  • 3GSolar
  • Fujikura Ltd.
  • Solaronix SA
  • Dyenamo AB
  • Ricoh
  • Sharp Corporation
  • Dyesol Limited
  • Peccell Technologies, Inc.
  • Everlight Chemical
  • Nissha Co., Ltd.
  • Exeger Operations AB

Impact of Covid-19 on Dye-Sensitized Solar Cells market:

Since the coronavirus outbreak in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization declared it a public health emergency. The global impacts are already beginning to be felt and will significantly affect the market for dye-sensitized solar cells (DSSC) 4900 in 2020.



1. Introduction                             

              1.1 Market Definition                  

              1.2 Scope of the report               

              1.3 Study Assumptions               

              1.4 Base Currency, Base Year and Forecast Periods                       

2. Research Methodology                                       

              2.1 Analysis Design                      

              2.2 Research Phases                    

                             2.2.1 Secondary Research          

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling    

                             2.2.4 Expert Validation 

              2.3 Study Timeline                       

3. Report Overview                                    

              3.1 Executive Summary              

              3.2 Key Inferencees                     

4. Market Dynamics                                   

              4.1 Impact Analysis                      

                             4.1.1 Drivers     

                             4.1.2 Restaints 

                             4.1.3 Opportunities       

              4.2 Regulatory Environment                    

              4.3 Technology Timeline & Recent Trends                         

5. Competitor Benchmarking Analysis                                

              5.1 Key Player Benchmarking                   

                             5.1.1 Market share analysis       

                             5.1.2 Products/Service  

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape                   

              5.3 Joint Ventures & Collaborations                     

6. Market Segmentation                                          

              6.1 Dye-Sensitized Solar Cells Market, By Type                

                             6.1.1 Natural    

                             6.1.2 Synthetic 

                             6.1.3 Market Size Estimations & Forecasts (2019-2024) 

                             6.1.4 Y-o-Y Growth Rate Analysis            

                             6.1.5 Market Attractiveness Index          

              6.2 Dye-Sensitized Solar Cells Market, By Application                   

                             6.2.1 Portable Charging

                             6.2.2 BIPV/BAPV            

                             6.2.3 Embedded Electronics      

                             6.2.4 Outdoor Advertising          

                             6.2.5 AIPV         

                             6.2.6 Market Size Estimations & Forecasts (2019-2024) 

                             6.2.7 Y-o-Y Growth Rate Analysis            

                             6.2.8 Market Attractiveness Index          

7. Geographical Landscape                                     

              7.1 Global Identity Governance and Administration Market, by Region                            

              7.2 North America - Market Analysis (2018 - 2024)                        

                             7.2.1 By Country            



                             7.2.2 By Type    

                             7.2.3 By Application      

              7.3 Europe                      

                             7.3.1 By Country            






                                  Rest of Europe

                             7.3.2 By Type    

                             7.3.3 By Application      

              7.4 Asia Pacific                

                             7.4.1 By Country            




                                  South Korea

                                  South East Asia

                                  Australia & NZ

                                  Rest of Asia-Pacific

                             7.4.2 By Type    

                             7.4.3 By Application      

              7.5 Latin America                         

                             7.5.1 By Country            




                                  Rest of Latin America

                             7.5.2 By Type    

                             7.5.3 By Application      

              7.6 Middle East and Africa                       

                             7.6.1 By Country            

                                  Middle East


                             7.6.2 By Type    

                             7.6.3 By Application      

8. Key Player Analysis                                

              8.1 3GSolar                     

                             8.1.1 Business Description         

                             8.1.2 Products/Service  

                             8.1.3 Financials

                             8.1.4 SWOT Analysis     

                             8.1.5 Recent Developments       

                             8.1.6 Analyst Overview 

              8.2 Fujikura Ltd.                            

              8.3 Solaronix SA                           

              8.4 Dyenamo AB                          

              8.5 Ricoh                          

              8.6 Sharp Corporation                

              8.7 Dyesol Limited                       

              8.8 Peccell Technologies, Inc.                   

              8.9 Everlight Chemical                 

              8.10 Nissha Co., Ltd.                    

9. Market Outlook & Investment Opportunities                             


              List of Tables                   

              List of Figures                 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Dye-Sensitized Solar Cells Market By Region, From 2020-2025 ( USD Billion )
  2. Global Dye-Sensitized Solar Cells Market By Type, From 2020-2025 ( USD Billion )
  3. Global Natural Market By Region, From 2020-2025 ( USD Billion )
  4. Global Synthetic Market By Region, From 2020-2025 ( USD Billion )
  5. Global Dye-Sensitized Solar Cells Market By Application, From 2020-2025 ( USD Billion )
  6. Global Portable Charging Market By Region, From 2020-2025 ( USD Billion )
  7. Global BIPV/BAPV Market By Region, From 2020-2025 ( USD Billion )
  8. Global Embedded Electronics Market By Region, From 2020-2025 ( USD Billion )
  9. Global Outdoor Advertising Market By Region, From 2020-2025 ( USD Billion )
  10. Global AIPV Market By Region, From 2020-2025 ( USD Billion )

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