The Global Market for Perovskite Materials and Technologies 2025-2035

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  • Published: January 2025
  • Pages: 177
  • Tables: 57
  • Figures: 48

 

The global market for perovskite materials and technologies is experiencing rapid growth and attracting significant attention from researchers, industries, and investors worldwide. Perovskites, a class of materials with a unique crystalline structure, have emerged as a promising solution for various applications due to their exceptional optoelectronic properties, low-cost production, and versatility. The primary driver of the perovskite market is the increasing demand for high-efficiency, cost-effective, and sustainable energy solutions. Perovskite solar cells (PSCs) have demonstrated remarkable progress in recent years, with power conversion efficiencies now exceeding 25% (from 3% in 2009) in laboratory settings. This positions PSCs as a potential challenger to traditional silicon-based photovoltaics. The ability to produce perovskite films through low-temperature, solution-based processes makes them attractive for scalable manufacturing and integration with flexible substrates. They offer low production costs, high energy efficiency, and adaptability for flexible and glass substrates.

Beyond photovoltaics, perovskites are finding applications in light-emitting devices (LEDs), photodetectors, sensors, transistors, memory devices, and catalysis. Perovskite LEDs, known as PeLEDs, offer high color purity, tunability, and low-cost fabrication, making them suitable for display and lighting applications. Perovskite-based photodetectors and sensors exhibit high sensitivity, wide spectral response, and fast response times, with potential uses in imaging, surveillance, and environmental monitoring.

The perovskite market is still in its early stages. However, the market is expected to grow significantly in the coming years, driven by the increasing adoption of perovskite-based products and the scaling up of manufacturing processes. The global perovskite market will exceed $10 billion by 2035, with the photovoltaics segment accounting for the largest share. The future outlook for perovskite materials and technologies is promising, with ongoing research focused on improving stability, durability, and performance. Tandem architectures, combining perovskites with other established technologies like silicon or CIGS, are expected to push power conversion efficiencies. Flexible and wearable perovskite devices, such as solar-powered clothing and sensors, are also on the horizon. Perovskite quantum dots are attracting interest for their potential in display and lighting applications, offering improved color gamut and energy efficiency compared to conventional materials.

However, challenges remain in terms of long-term stability/efficiency, scalability, and the presence of toxic lead in some perovskite formulations. Researchers are actively exploring lead-free alternatives and encapsulation techniques to address these concerns. 

The report covers the following key aspects:

  • Overview of perovskite materials and their unique properties
    • Types of perovskites: inorganic, hybrid organic-inorganic, and perovskite quantum dots
    • Advantages of perovskites over traditional materials
  • Perovskite applications and end-use markets
    • Photovoltaics: perovskite solar cells (PSCs), tandem solar cells, and building-integrated photovoltaics (BIPV)
    • Light-emitting devices: perovskite LEDs (PeLEDs), white light-emitting devices, lasers, and optical amplifiers
    • Photodetectors and sensors: visible light, X-ray, gamma-ray, chemical, and humidity sensors
    • Transistors and memory devices: field-effect transistors (FETs) and resistive random-access memory (RRAM)
    • Catalysis and photocatalysis: water splitting, hydrogen production, CO2 reduction, and pollutant degradation
    • Thermoelectrics and other emerging applications
  • Perovskite synthesis and processing methods
    • Solution-based methods: one-step deposition, two-step sequential deposition, and anti-solvent assisted crystallization
    • Vapor deposition methods: thermal evaporation, co-evaporation, and chemical vapor deposition (CVD)
    • Scalable processing techniques: inkjet printing, blade coating, slot-die coating, and spray coating
    • Roll-to-roll processing for high-volume production and cost reduction
    • Post-synthesis processing techniques: thermal annealing, solvent annealing, and pressure-assisted annealing
  • Market drivers and restraints
  • Market forecasts and regional analysis
    • Global perovskite materials and technologies market size and growth rate from 2025 to 2035
    • Market segmentation by application, material type, and geographic region
    • Detailed market forecasts for North America, Europe, Asia-Pacific, and the Rest of the World
  • Competitive landscape and company profiles
    • Profiles of over 65 key players in the perovskite industry, including material suppliers and device manufacturers. Companies profiled include Aisin Corporation, Anker, Ascent Solar, Astronergy, Avantama, Beyond Silicon, Caelux, BrightComSol, Canadian Solar, Canon, China Huaneng Group Co., Ltd., Cosmos Innovation, CubicPV, DaZheng, Dyenamo, EneCoat Technologies, Energy Materials Corporation, Ergis Group, Flexell Space, GCL, Green Science Alliance Co., Ltd., Hangzhou Xianna Optoelectronic Technology Co., Ltd., Hanwha Qcells, Hefei BOE Solar Technology, Helio Display Materials, HETE Photo Electricity, Hiking PV, Homerun Resources, Huasun Energy (Ningxia Huasun New Materials Technology), JA Solar, Jiangsu Xiehang Energy Technology (Fellow Energy/Xiehang Energy), Jinko Solar, Kaneka Corporation, Koreakiyon, LONGi Green Energy Technology, Mellow Energy, Microquanta Semiconductor, Nanolumi, Nexwafe, Opteria, Oxford PV, PEROLED Korea, PeroNova, Perovskia Solar, Power Roll, PXP, Renshine Solar, RISEN, Saule Technologies, SCHOTT, SEI Energy Technology (Jiaxing), Sekisui Chemical Co Ltd, SN Display Co., Ltd., Sofab Inks, Solaronix, Solaveni GmbH, Solaires Enterprises, and more....
    • Analysis of their strategies, partnerships, and product offerings
  • Regulations and environmental considerations
  • Future trends and opportunities
    • Tandem solar cells and perovskite-silicon integration
    • Flexible and wearable perovskite devices
    • Perovskite quantum dots for displays and lighting
    • Perovskite-based sensors for IoT and smart cities
    • Recyclable and eco-friendly perovskite materials

 

The Global Market for Perovskite Materials and Technologies 2025-2035 serves as an essential resource for stakeholders in the perovskite industry, enabling informed decision-making and strategic planning. The report's comprehensive coverage, in-depth analysis, and actionable insights make it a valuable tool for navigating the dynamic and promising perovskite market.

1             EXECUTIVE SUMMARY            17

  • 1.1        Market Overview          17
  • 1.2        Technology roadmap 17
  • 1.3        Market drivers and restraints               18
    • 1.3.1    Market Drivers               18
      • 1.3.1.1 Increasing Demand for Renewable Energy 19
      • 1.3.1.2 Declining Costs of Perovskite Production   19
      • 1.3.1.3 Government Policies and Incentives              21
      • 1.3.1.4 Advancements in Perovskite Stability and Efficiency          21
    • 1.3.2    Market Restraints       22
      • 1.3.2.1 Lead Toxicity Concerns           23
      • 1.3.2.2 Stability and Degradation Issues      23
      • 1.3.2.3 Scalability and Manufacturing Challenges 24
      • 1.3.2.4 Competition from Established Technologies            24
  • 1.4        Market opportunities and future trends        25
    • 1.4.1    Tandem Solar Cells and Perovskite-Silicon Integration      25
    • 1.4.2    Flexible and Wearable Perovskite Devices  26
    • 1.4.3    Perovskite Quantum Dots for Displays and Lighting            26
    • 1.4.4    Perovskite-Based Sensors for IoT and Smart Cities              26
    • 1.4.5    Perovskite Materials for Neuromorphic Computing             27
    • 1.4.6    Recyclable and Eco-Friendly Perovskites   27
  • 1.5        Market forecasts         27
    • 1.5.1    Global Perovskite Materials and Technologies Market Size and Growth Rate      27
    • 1.5.2    Market Forecasts by Application       28
    • 1.5.3    Market Forecasts by Region 29
      • 1.5.3.1 North America              31
      • 1.5.3.2 Europe                31
      • 1.5.3.3 China  32
      • 1.5.3.4 Asia-Pacific    34
      • 1.5.3.5 Rest of World 34
  • 1.6        Regulations     35
    • 1.6.1    Regulations and Standards for Perovskite Materials            35
    • 1.6.2    Toxicity and Environmental Concerns           35
    • 1.6.3    Disposal and Recycling Strategies   35
    • 1.6.4    Occupational Health and Safety Measures               36

 

2             INTRODUCTION          37

  • 2.1. What are Perovskites?    37
    • 2.1.1 Perovskite Structure and Composition          37
    • 2.1.2    Types of Perovskites  38
      • 2.1.2.1 Inorganic Perovskites               38
      • 2.1.2.2 Hybrid Organic-Inorganic Perovskites           38
    • 2.1.3    Perovskite Properties                38
  • 2.2        Advantages of Perovskite Materials 39
  • 2.3        Challenges and Limitations 40

 

3             PEROVSKITE MATERIALS        42

  • 3.1        Inorganic Perovskites               42
    • 3.1.1    Lead-Based Perovskites         42
      • 3.1.1.1 Methylammonium Lead Triiodide (MAPbI3)               42
      • 3.1.1.2 Formamidinium Lead Triiodide (FAPbI3)      42
      • 3.1.1.3 Cesium Lead Triiodide (CsPbI3)        42
    • 3.1.2    Lead-Free Perovskites             42
      • 3.1.2.1 Tin-Based Perovskites              43
      • 3.1.2.2 Bismuth-Based Perovskites 43
      • 3.1.2.3 Double Perovskites    43
    • 3.1.3    Other Inorganic Perovskites 43
  • 3.2        Hybrid Organic-Inorganic Perovskites           44
    • 3.2.1    3D Hybrid Perovskites              44
    • 3.2.2    2D Hybrid Perovskites (Ruddlesden-Popper Phases)          44
    • 3.2.3    Quasi-2D Hybrid Perovskites              44
    • 3.2.4    1D Hybrid Perovskites              45
    • 3.2.5    Perovskite Quantum Dots     45
      • 3.2.5.1 Properties         46
      • 3.2.5.2 Comparison to conventional quantum dots             47
      • 3.2.5.3 Synthesis methods    47
      • 3.2.5.4 Applications   48
      • 3.2.5.5 Companies     52

 

4             PEROVSKITE SYNTHESIS AND PROCESSING METHODS  53

  • 4.1        Overview           54
  • 4.2        Solution-Based Methods       54
    • 4.2.1    One-Step Deposition                54
    • 4.2.2    Two-Step Sequential Deposition      55
    • 4.2.3    Anti-Solvent Assisted Crystallization             56
    • 4.2.4    Vapor-Assisted Solution Process      56
    • 4.2.5    Spin Coating   57
  • 4.3        Vapor Deposition Methods   57
    • 4.3.1    Thermal Evaporation 57
    • 4.3.2    Co-Evaporation            58
    • 4.3.3    Chemical Vapor Deposition (CVD)  58
    • 4.3.4    Hybrid Chemical Vapor Deposition 58
    • 4.3.5    Aerosol Assisted Chemical Vapor Deposition          58
    • 4.3.6    Sputtering        58
  • 4.4        Other Synthesis Methods      59
    • 4.4.1    Mechanochemical Synthesis              59
    • 4.4.2    Combustion Synthesis            59
    • 4.4.3    Hydrothermal Synthesis         59
  • 4.5        Deposition Techniques for Scalable Processing     59
    • 4.5.1    Inkjet Printing 59
    • 4.5.2    Blade Coating                60
    • 4.5.3    Slot-Die Coating          60
    • 4.5.4    Spray Coating 60
  • 4.6        Roll-to-Roll Processing            60
    • 4.6.1    Overview of Roll-to-Roll Printing for Perovskites     60
    • 4.6.2    Advantages for High-Volume Production and Cost Reduction      61
    • 4.6.3    Challenges in Perovskite Film Deposition   62
    • 4.6.4    Examples of Roll-to-Roll Perovskite Device Fabrication    62
  • 4.7        Post-Synthesis Processing Techniques         63
    • 4.7.1    Thermal Annealing     63
    • 4.7.2    Solvent Annealing      64
    • 4.7.3    Pressure-Assisted Annealing              64
  • 4.8        Comparison of Deposition Methods              65
    • 4.8.1    Overview of Method Advantages and Limitations  65
    • 4.8.2    Guidelines for Choosing a Perovskite Deposition Method               65

 

5             PEROVSKITE APPLICATIONS AND END-USE MARKETS      67

  • 5.1        Photovoltaics 70
    • 5.1.1    Global solar power market    70
    • 5.1.2    Photovoltaic (PV) commercialization             72
    • 5.1.3    Solar photovoltaic (PV) investment landscape        73
    • 5.1.4    Thin film solar cells    74
      • 5.1.4.1 Thin film solar PV market       76
      • 5.1.4.2 Perovskite photovoltaics (PV)             77
    • 5.1.5    Thin Film Perovskite Solar Cells (PSCs)        78
      • 5.1.5.1 Applications   78
      • 5.1.5.2 The n-i-p and p-i-n configurations   80
      • 5.1.5.3 Mesoporous scaffolds             80
      • 5.1.5.4 Perovskite solar technologies opportunity 81
      • 5.1.5.5 Advantages     82
      • 5.1.5.6 Costs  82
      • 5.1.5.7 PSC Architectures and Device Structures   83
      • 5.1.5.8 Advantages of PSCs over Silicon Solar Cells             84
      • 5.1.5.9 Challenges and Stability Issues        85
      • 5.1.5.10            Degradation    86
      • 5.1.5.11            Additive engineering  87
      • 5.1.5.12            Glass-glass encapsulation   87
      • 5.1.5.13            Polymer encapsulation           88
      • 5.1.5.14            Passivation layers       88
      • 5.1.5.15            Perovskite PV value chain      89
    • 5.1.6    Tandem Solar Cells    89
      • 5.1.6.1 Applications   89
        • 5.1.6.1.1           Building integration    90
        • 5.1.6.1.2           Solar farms     91
      • 5.1.6.2 Properties         92
      • 5.1.6.3 Perovskite/silicon tandem solar cells            94
      • 5.1.6.4 Configurations              95
      • 5.1.6.5 Challenges      97
      • 5.1.6.6 Companies     98
      • 5.1.6.7 All Perovskite Tandem Solar Cells    99
        • 5.1.6.7.1           Overview           99
        • 5.1.6.7.2           Manufacturing              99
        • 5.1.6.7.3           Band gap tuning           100
        • 5.1.6.7.4           Advantages and limitations  101
        • 5.1.6.7.5           Companies     102
    • 5.1.7    Materials           102
      • 5.1.7.1 Substrate materials   104
        • 5.1.7.1.1           Rigid glass substrates              104
        • 5.1.7.1.2           Flexible glass substrates        105
        • 5.1.7.1.3           Plastic substrates       106
        • 5.1.7.1.4           Metal Foil Substrates                106
        • 5.1.7.1.5           Transparent conducting films             107
    • 5.1.8    Rooftop installation   108
    • 5.1.9    Space and Aerospace Applications 108
    • 5.1.10 Indoor energy harvesting       109
    • 5.1.11 Automotive      110
    • 5.1.12 Agrivoltaics     111
    • 5.1.13 Market players               111
    • 5.1.14 Global perovskite PV market to 2035             112
  • 5.2        Light-Emitting Devices             116
    • 5.2.1    Light emitting diodes market               116
    • 5.2.2    Perovskite Light-Emitting Diodes (PeLEDs) 117
      • 5.2.2.1 Applications   118
    • 5.2.3    White Light-Emitting Devices              118
    • 5.2.4    Lasers and Optical Amplifiers            118
  • 5.3        Photodetectors and Sensors               119
    • 5.3.1    Thin film photodetectors market       119
    • 5.3.2    Visible Light Photodetectors                121
    • 5.3.3    X-Ray Detectors           121
    • 5.3.4    Gamma-Ray Detectors            121
    • 5.3.5    Chemical Sensors      122
    • 5.3.6    Humidity Sensors       122
  • 5.4        Transistors and Memory Devices      122
    • 5.4.1    Field-Effect Transistors (FETs)            123
    • 5.4.2    Resistive Random-Access Memory (RRAM)              123
  • 5.5        Catalysis and Photocatalysis              123
    • 5.5.1    Water Splitting and Hydrogen Production   124
    • 5.5.2    CO2 Reduction and Conversion        124
    • 5.5.3    Organic Synthesis       124
    • 5.5.4    Pollutant Degradation              124
  • 5.6        Thermoelectrics           124
  • 5.7        Other Emerging Applications              125
    • 5.7.1    Piezoelectrics                125
    • 5.7.2    Superconductors        125
    • 5.7.3    Spintronics      125
    • 5.7.4    Batteries and Supercapacitors          126

 

6             COMPANY PROFILES                127 (65 company profiles)

 

7             APPENDICES  172

  • 7.1        List of Terms and Abbreviations         172
  • 7.2        Research Methodology           174

 

8             REFERENCES 175

 

List of Tables

  • Table 1. Market overview for Perovskite Materials and Technologies.       17
  • Table 2. Market drivers for perovskite materials and technologies.            18
  • Table 3. Production Cost of Perovskites.     20
  • Table 4. Market restraints for perovskite materials and technologies:     22
  • Table 5. Perovskite materials and technologies versus established technologies, by market. 25
  • Table 6. Global Perovskite Market Size (Billion USD).          27
  • Table 7. Perovskite Materials and Technologies Market Forecasts by Application, 2022-2035 (Millions USD)    28
  • Table 8. Perovskite Materials and Technologies Market Forecasts by Region, 2022-2035 (Millions USD).                30
  • Table 9. Perovskite PV companies in China.              33
  • Table 10. Regulations and Standards for Perovskite Materials.    35
  • Table 11. Disposal and Recycling Strategies.            35
  • Table 12. Occupational Health and Safety Measures.        36
  • Table 13. Types of Perovskites.           38
  • Table 14. Perovskite Properties.         38
  • Table 15. Advantages of Perovskite Materials.         40
  • Table 16. Challenges and Limitations.          40
  • Table 17. Perovskite quantum dots (PQDs) overview.         45
  • Table 18. Comparative properties of conventional QDs and Perovskite QDs.     47
  • Table 19. Synthesis Methods for Perovskite Quantum Dots.          47
  • Table 20. Applications of perovskite QDs.  48
  • Table 21. Properties of perovskite QLEDs comparative to OLED and QLED.        51
  • Table 22. Perovskite-based QD producers. 52
  • Table 23. Perovskite synthesis and processing methods. 53
  • Table 24. Perovskite Deposition Methods Comparison.    65
  • Table 25. Overview of Perovskite Materials and Technologies Applications.        67
  • Table 26. Key Solar Cell Performance Metrics.        70
  • Table 27.  Total installed solar capacity by technology type, 2024-2035.              71
  • Table 28. Global Solar Installations by Region (2023).       74
  • Table 29. Thin Film Technology Comparison.           74
  • Table 30. Benchmarking of solar technologies.       76
  • Table 31. Solar Technology Development Status Roadmap (2020-2035).             78
  • Table 32. Perovskite solar power funding and projects.     79
  • Table 33. n-i-p vs p-i-n configurations.         80
  • Table 34. Perovskite vs. Other Thin Film Technologies Comparison.        81
  • Table 35. Thin-film perovskite cost breakdown.      82
  • Table 36. Applications of perovskite/silicon tandem PV.   90
  • Table 37. Thin film vs tandem perovskite PV.             94
  • Table 38. Tandem cell fabrication process:                96
  • Table 39. Perovskite/silicon tandem PV market players.    98
  • Table 40. Companies in all-perovskite tandem technology.            102
  • Table 41. Materials for Perovskite PV              102
  • Table 42. Substrate materials for solar cells.            104
  • Table 43. Cost and Performance Comparison of Substrate Materials.    105
  • Table 44. Benchmarking of Substrate Materials for Perovskite PV.             106
  • Table 45. TCF Material Options and Key Properties.             107
  • Table 46. Perovskite PV Market Players Overview   112
  • Table 47. Global installed perovskite PV capacity by application, 2023-2035.  112
  • Table 48. Global perovskite PV annual revenues, 2023-2035 (Millions USD).     113
  • Table 49. Global solar farm installation capacity, 2024-2035 (GW).         114
  • Table 50.  Global Perovskite Residential Rooftop PV Revenues (Million USD)     115
  • Table 51. Applications of Perovskites in Light-Emitting Devices.  116
  • Table 52. Perovskite Light-Emitting Diodes (PeLEDs) Properties and Applications          118
  • Table 53. Applications of Perovskites in Photodetectors and Sensors.   119
  • Table 54. Photodetector applications.          120
  • Table 55. Applications of Perovskites in Transistors and Memory Devices.           122
  • Table 56. Applications of Perovskites in Catalysis and Photocatalysis.  123
  • Table 57. List of Terms and Abbreviations.  172

 

List of Figures

  • Figure 1. Technology roadmap for perovskite materials.   18
  • Figure 2. Global Perovskite Market Size (Billion USD).        28
  • Figure 3. Perovskite Materials and Technologies Market Forecasts by Application, 2022-2035.            29
  • Figure 4. Perovskite Materials and Technologies Market Forecasts by Region, 2022-2035.       31
  • Figure 5. Perovskite solution.              37
  • Figure 6. Perovskite structure.            37
  • Figure 7. Perovskite solar cell by Toshiba.   39
  • Figure 8. A pQLED device structure.               47
  • Figure 9. Roadmap for perovskite QDs.        50
  • Figure 10. SWOT analysis for perovskite QDs.         51
  • Figure 11. Perovskite quantum dots under UV light.            51
  • Figure 12. Roll-to-roll manufacturing process.        61
  • Figure 13. Total installed solar capacity by technology type, 2024-2035.              72
  • Figure 14. Thin Film Perovskite PV Roadmap.           76
  • Figure 15. Perovskite solar cell.          77
  • Figure 16. Devices structure for a mesoporous perovskite solar cell structure. In the inset, the electron charge transport processes for injecting and non-injecting mesoporous materials are represented and b structure of a thin film-like perovskite solar cells. 81
  • Figure 17. SWOT analysis of thin film perovskite PV.            83
  • Figure 18. Comparison of silicon-based solar cells and perovskite solar cells. 85
  • Figure 19. Perovskite PV value chain.            89
  • Figure 20. Perovskite/silicon tandem PV roadmap.              94
  • Figure 21. Perovskite/silicon tandem PV SWOT analysis. 98
  • Figure 22. Shape of the deployment module in which the "space tandem flexible solar cell" panel developed by Hanwha System's in-house venture Flexel Space is unfolded like a scroll.           109
  • Figure 23. Lightyear O solar powered car.   111
  • Figure 24. Global installed perovskite PV capacity by application, 2023-2035. 113
  • Figure 25. Global perovskite PV annual revenues, 2023-2035.     114
  • Figure 26. Global solar farm installation capacity, 2024-2035.    115
  • Figure 27. Global Perovskite residential rooftop PV revenues, 2024-2035.          116
  • Figure 28. Working principle of perovskite LEDs.   117
  • Figure 29. Perovskite absorption spectrum.              120
  • Figure 30. Active Surfaces 4-by-4-inch photovoltaic devices.        127
  • Figure 31. Aisin spray perovskite materials solar cell.  (Source) Aisin Corporation          128
  • Figure 32. Anker solar umbrella.       129
  • Figure 33. Caelux perovskite solar cell.        133
  • Figure 34. Perovskite solar cells (left) could achieve mass production by adding a coating developed by Canon to their structure (right).         134
  • Figure 35. EneCoat Technologies Co., Ltd. perovskite solar cells.              138
  • Figure 36. EMC Transparent Conductor Printing.   139
  • Figure 37. QD Barrier film.     140
  • Figure 38. Kaneka Corporation built-in perovskite solar cells.       148
  • Figure 39. Mellow Energy ML-Flex panel.     149
  • Figure 40. Perovskia Solar printed perovskite cells.              154
  • Figure 41. PXP Corporation flexible chalcopyrite photovoltaic modules.               156
  • Figure 42. PESL (Perovskite Electronic Shelf Label).            158
  • Figure 43. Uchisaiwaicho 1-chome Urban District Development Project.             160
  • Figure 44. Sekisui film-type perovskite solar cells.               160
  • Figure 45. Solar Ink™. 164
  • Figure 46. Swift Solar panel. 166
  • Figure 47. Tandem metal-halide perovskite solar panels. 167
  • Figure 48. UtmoLight 450W perovskite solar module.        169

 

 

The Global Market for Perovskite Materials and Technologies 2025-2035
The Global Market for Perovskite Materials and Technologies 2025-2035
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The Global Market for Perovskite Materials and Technologies 2025-2035
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