Photovoltaic (PV) technology is progressing rapidly to address global energy needs and serve as a sustainable power solution. Halide perovskite materials are employed to produce low-cost solar cells with high power conversion efficiency (PCE).
According to a report by KeAi, in a short period, the global scientific community has worked diligently toward improving the photovoltaic conversion efficiency of perovskite solar cells from 3.8% to 25.7%.
A perovskite solar cell (PSC) is a photovoltaic cell that utilizes a light-absorbing active layer made of a perovskite-structured material, typically a hybrid organic-inorganic halide based on lead (Pb) or tin (Sn). The demand for perovskite solar cells will increase as the entire globe seeks opportunities to migrate to renewable energy sources.
According to a report by Kings Research, the global perovskite solar cells market size is projected to reach USD 15,499.6 million by 2031, exhibiting a CAGR (compound annual growth rate) of 64.61% during the forecast period between 2024 and 2031.
There is an immense amount of research and development done in the solar energy sector to explore alternative sustainable energy sources. Key players in the sector contribute to the expanding solar cell market size. In this blog, let us have a look at the top 10 key players in the perovskite solar cells market.
10 Top Perovskite Solar Cells Manufacturers and Suppliers
Here is the list of the best companies that offer perovskite solar cells to its clients around the world:
1. Saule Technologies
Saule Technologies is a high-tech Polish company that specializes in developing innovative solar cells based on perovskite materials. The company has pioneered the usage of inkjet printing methods for producing flexible, lightweight, ultrathin, and semi-transparent photovoltaic modules. It has developed a low-temperature manufacturing process that allows the production of flexible photovoltaic cells on polymer films. They are suitable for a variety of applications.
Saule Technologies has launched the world's first electronic price and advertising labels powered by perovskite photovoltaic cells. These devices enable wireless changes to the displayed messages and are designed for long lifetimes.
2. GCL-SI
GCL-SI is at the forefront of the solar energy sector. The company is particularly known for its advancements in perovskite solar cell technology. It has been actively involved in the research, development, and commercialization of these cells.
GCL-SI has achieved a significant milestone in the perovskite solar cell market, with plans to establish a 1 GW large-scale production line for perovskite cells. The company aims to scale up production capabilities to meet the growing demand for renewable energy solutions. GCL-SI leverages advanced technology to deliver efficient solar solutions that offer cost-effectiveness and could significantly impact the renewable energy landscape.
3. UtmoLight Com.Ltd
UtmoLight Co., Ltd. is a key player in the perovskite solar cell market. It is recognized for its innovative approaches to photoelectric industrialization technology. Originally part of SVOLT Energy Technology, UtmoLight deals in the development and commercialization of perovskite solar technologies.
Their research and development emphasize improving the stability and performance of perovskite materials, which is crucial for commercial viability. UtmoLight provides expertise in integrating perovskite technology into existing solar energy systems. This approach helps clients transition to more efficient solar solutions.
4. Hunt Perovskite Technologies
Hunt Perovskite Technologies focuses on the development and commercialization of advanced solar technologies. The company is part of the broader movement toward developing innovative solar solutions that promise high efficiency and reduce production costs compared to traditional silicon-based solar cells.
Hunt Perovskite focuses on creating high-efficiency perovskite solar cells that can be integrated into various applications, from residential rooftops to large-scale solar farms. It is committed to advancing the technology through ongoing R&D efforts aimed at improving the stability and longevity of perovskite solar cells. This includes exploring hybrid organic inorganic lead or tin halide perovskites materials to enhance performance.
5. Shenzhen HikingPV Technology Co., Ltd.
Shenzhen HikingPV Technology Co., Ltd. has expertise in perovskite solar cell technology. Their cells are engineered to achieve high power conversion efficiencies, contributing to better energy yield. The perovskite materials allow the production of flexible solar panels, which can be integrated into various surfaces, including building-integrated materials and portable devices.
HikingPV offers a diverse range of products that leverage their perovskite technology. As the demand for efficient and cost-effective solar solutions continues to grow, companies like HikingPV are likely to play a crucial role in shaping the industry.
6. Hubei Wonder Solar LLC.
Hubei Wonder Solar LLC is a major player in the perovskite solar cell market. The company was established as a spin-off from Huazhong University of Science and Technology in 2016.
Hubei Wonder Solar is dedicated to sustainability, aiming to contribute to the global transition to renewable energy. Their perovskite solar cells are designed to be environmentally friendly, focusing on reducing the carbon footprint associated with solar energy production.
7. Microquanta Semiconductor
Microquanta Semiconductor, founded in July 2015 and based in Hangzhou, China, is a key player in the perovskite solar cell market. The company focuses on the commercialization of perovskite-based solar cells and has made significant advancements in this technology. Their products are designed to leverage the unique properties of perovskite materials.
Microquanta Semiconductor is focused on scaling production to meet the growing demand for renewable energy solutions. It is involved in research and development to enhance the performance and longevity of their solar cells. Their R&D is focused on addressing some of the reliability issues that have historically plagued perovskite technology.
8. Oxford PV
Oxford PV is popular for its innovative approach to solar technology. It focuses on developing perovskite solar cells that can significantly enhance the efficiency and reduce the costs of solar energy generation. Their technology aims to transform the economics of traditional silicon solar cells by integrating perovskite materials, which are known for their high efficiency and lower production costs.
The integration of perovskite materials with silicon cells, known as tandem solar cells, is a key focus for Oxford PV. This approach combines the strengths of both materials, leading to improved performance and high efficiency. The company emphasizes that its technology enhances the efficiency of solar panels and contributes to cost-effectiveness. It is committed to making solar energy more accessible and economically viable.
9. Greatcell Energy
Greatcell Energy is a prominent player in the perovskite solar cell market, having emerged from the liquidation of Greatcell Solar. The company acquired all intellectual property and equipment from its predecessor. Greatcell Energy specializes in the development of perovskite solar cells that are particularly effective in low-light conditions. It employs a roll-to-roll manufacturing process, which is a cost-effective method for producing solar cells.
10. EneCoat Technologies Co., Ltd.
EneCoat Technologies Co., Ltd. is a key player in the renewable energy sector. EneCoat specifically focuses on the development and commercialization of perovskite solar cell technologies. It was established in January 2018 as a spin-off from Kyoto University. The company leverages extensive research conducted at the Wakamiya Laboratory to innovate in solar energy solutions.
Their unique structure of perovskite materials allows for better light absorption and can be manufactured using simpler processes. EneCoat Technologies offers a range of products and services centered around perovskite solar cells.
Conclusion
As the demand for alternative sustainable energy increases, there is a significant amount of research and development done in the sector to ensure a smooth transition toward clean energy. The solar cell market size is expected to grow tremendously in the coming years. The above-mentioned top 10 companies in the perovskite solar cells market are helping the world to leap forward toward sustainable energy consumption.
