Photovoltaic (PV) technology is advancing rapidly to meet global energy demands and support the transition toward sustainable power solutions. Among the most promising innovations in this field are perovskite solar cells (PSCs), a new generation of photovoltaic devices that combine low production costs with exceptional power conversion efficiency (PCE).
Perovskite solar cells use a light-absorbing active layer made from perovskite-structured materials, typically hybrid organic-inorganic halides based on lead (Pb) or tin (Sn). Their unique properties enable flexible, lightweight, and high-efficiency solar modules that can outperform traditional silicon cells in both performance and adaptability.
As the world accelerates its shift toward renewable energy, perovskite technology has emerged as a key enabler of next-generation solar solutions. According to a report by Kings Research, the global perovskite solar cells market is projected to reach USD 15.5 billion by 2031, growing at an impressive CAGR of 64.61% from 2024 to 2031. This growth is being driven by continuous advancements in material science, scalable manufacturing techniques, and increased investment from leading energy companies.
Ongoing research and development are unlocking new possibilities for commercialization, positioning perovskite solar cells as a cornerstone of future clean energy systems. In this article, we explore the top 10 manufacturers and suppliers at the forefront of perovskite solar innovation, driving progress in efficiency, scalability, and sustainability across the global energy landscape.
10 Top Perovskite Solar Cells Manufacturers and Suppliers
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.
In December 2024, Saule Technologies launched a pilot program in Japan in collaboration with H.I.S. Co., Ltd. and Lawson Inc. to install its film-type perovskite solar cells at Lawson’s “Green Lawson” stores. The initiative integrates perovskite electronic shelf labels and power-generating panels to support energy efficiency and sustainability in retail operations.
2. GCL-SI
GCL-SI is a leading company in 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.
In August 2024, GCL Technology revealed its first large-sized perovskite solar modules at Intersolar Europe 2024, including a single-structure perovskite module achieving up to 19.04% efficiency and a tandem perovskite module reaching 26.36% efficiency.
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.
In February 2025, UtmoLight announced that its gigawatt-scale perovskite solar module fabrication facility in Wuxi, China, is now online and producing ultra-large modules. The factory is designed to output about 1.8 million modules annually, and the initial pilot modules achieved 450 W power output with 16.1% efficiency on a 2.8 m² area, with a target of 20% efficiency in full production.
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 perovskite 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 its 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.
In August 2025, Oxford PV announced that its next-generation perovskite-on-silicon tandem solar panel achieved a world-record conversion efficiency of 25%. This breakthrough underscores the company’s progress toward large-scale manufacturing and its ambition to accelerate the clean-energy transition.
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.
In July 2024, EneCoat Technologies Co., Ltd. received investment from INPEX Corporation to advance its development of next-generation perovskite solar cells. The collaboration also positions INPEX to support EneCoat’s mass-production efforts by leveraging its iodine supply chain from the Naruto Gas Field, which complements the startup’s perovskite technology using iodine compounds.
Conclusion
The rise of perovskite solar cells marks a pivotal step in the evolution of renewable energy. With their high efficiency, low manufacturing costs, and versatility across applications, these cells are redefining the possibilities of solar technology. As demonstrated by the leading companies in this space, continuous innovation, large-scale production, and strategic collaborations are driving the market toward commercialization and long-term stability. The progress made by these top manufacturers reflects not only advancements in material science but also a collective commitment to accelerating the global energy transition.
