From GlobeNewswire: 2025-02-12 06:00:00

According to Fact.MR, the Dye-Sensitized Solar Cells Market reached US$ 259.2 million in 2024 and is expected to grow at a CAGR of 11.2% from 2024 to 2034. These solar cells are increasingly being used in various sectors like building-integrated photovoltaics and portable electronics due to their ability to efficiently harness sunlight.

Industries in North America and Europe are focusing on sustainability, leading to a rise in demand for DSSCs. The automobile sector sees potential in integrating dye-sensitized solar cells into electric vehicles to provide supplementary energy. Consumers are also interested in DSSCs for lightweight and energy-efficient devices, making them crucial for the transition to more sustainable energy structures.

The Dye-Sensitized Solar Cells Market is projected to grow at an 11.2% CAGR, reaching US$ 749.3 million by 2034. North America is expected to hold a market share of 33.5% in 2034, creating an absolute $ opportunity of US$ 165.8 million. Advancements in material science and global demand for cost-efficient solar solutions will drive market growth.

Leading players in the Dye-Sensitized Solar Cell Market include Borica, DuPont, and Mitsubishi Gas Chemical Company, among others. Recent market developments focus on improving efficiency and lowering production costs using innovative materials and manufacturing techniques. Companies aim to enhance energy conversion rates and expand the application of DSSCs.

Peccell Technologies was recognized for an innovative laser-assisted hermetic encapsulation method in September 2024, improving the robustness of dye-sensitized solar cells. This method enhances performance and long-term suitability of solar panels. Collaborative research and development efforts aim to advance solar technology for a sustainable future.



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