SAN FRANCISCO, December 7, 2015 /PRNewswire/ --
The global Dye Sensitized Solar Cell Market is expected to reach USD 130.6 million by 2022, according to a new report by Grand View Research, Inc. Growing concern regarding detrimental environmental impact associated with fossil fuel based power generation plants is expected to remain a key driving factor for global DSSC market. Governments across various countries have been promoting electricity generation through renewable energy sources. Favorable government initiatives to promote off-grid solar power installations particularly in developed economies of Europe and North America are also expected to have a positive influence on the market growth.
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European government has been providing incentives such as feed-in tariffs, cost subsidies and tax relief to promote renewable energy. High cost to performance ratio is another factor that is anticipated to positively impact DSSC market growth. Rising R&D in this field is expected to lead commercialization of on-grid DSSC modules. Currently, DSSC has high penetration in off-grid applications including portable charging and building integrated photovoltaics (BIPV). Presence of organic liquid electrolyte poses sealing and toxicity issues and is anticipated to hinder industry commercialization.
Browse full research report with TOC on "Dye Sensitized Solar Cell Market Analysis By Application (Portable Charging, BIPV/BAPV, Embedded Electronics, Outdoor Advertising, Automotive (AIPV)) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/dye-sensitized-solar-cell-market
Portable charging emerged as the largest DSSC application with global revenue exceeding USD 16 million in 2014. Third generation thin film PVs are increasing being used for portable battery charging solutions including solar chargers, solar bags and wireless keyboards owing to their ability to provide optimum wattage in these applications.
Further key findings from the report suggest:
Grand View Research has segmented the dye sensitized solar cells (DSSC) market on the basis of application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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