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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
- 1.3.1 Market Drivers 18
- 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
- 3.1.1 Lead-Based Perovskites 42
- 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
- 5.1.6.1 Applications 89
- 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
- 5.1.7.1 Substrate materials 104
- 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
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