Frost and Sullivan’s recent analysis, New Innovations to Increase Perovskite Solar Cell Efficiency, shows that advances in technology are transforming the solar industry. A shift from solar technologies of the first (silicon-based) to solar technologies of the second and third generation (amorphous silicon, perovskite and bifacial) can be observed.
Perovskite-based solar cell technologies (third generation) have attracted attention because of their low manufacturing costs and higher operating performance and efficiency limits compared to first and second generation solar cells. In addition to emerging innovations, the study focuses on key stakeholders, R&D and growth opportunities in the solar industry.
For more information on this analysis or to schedule an interview, please contact Melissa Tan, Corporate Communications, APAC at [email protected]
“Perovskite solar cells have made significant strides in recent years in rapidly increasing operational efficiencies from around 3% in 2006 to over 25% in 2020,” said Abhigyan Tathagat, TechVision senior research analyst at Frost and Sullivan.
“Perovskites are materials with similar physical structures and phenomenal operating specifications. In the future, the materials can be easily synthesized, making them a promising futuristic solar cell technology for making more efficient and cost-effective photovoltaics.”
Tathagat added, “Governments around the world are studying targets to achieve 30% emissions reductions by 2030 compared to 2016. Therefore, disruptive technological developments such as perovskite solar cells have changed the applicability and sustainability of solar cells.”
The paradigm shift from first and second generation solar technology to third generation solar technology offers enormous growth opportunities. Market participants in the perovskite solar cell room should:
+ Assimilate their technical know-how with smart design, monitoring and control companies for long-term growth driven by the continued shift to smart solar technologies to minimize human intervention in field operations.
+ Work with installers, system integrators and utilities to provide open access to consumers who need solar services and systems while enabling smooth operational and monetary transactions between system integrators and consumers.
+ Alignment of technology and material developments with research and development contracts (R&D), network requirements and consumer preferences.
+ Establishment of business and research consortia, associations or alliances to expand and establish R&D-supported cooperations that support technological development commercially
Frost and Sullivan
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