Global Perovskite Solar Cells Supply, Demand and Key Producers, 2026-2032
Description
The global Perovskite Solar Cells market size is expected to reach $ 9134 million by 2032, rising at a market growth of 39.6% CAGR during the forecast period (2026-2032).
Perovskite solar cells are a new type of photovoltaic device that uses perovskite-structured metal-halide materials as the light-absorbing layer to directly convert sunlight into electrical energy. Compared with traditional silicon-based solar cells, perovskite cells have advantages such as flexible fabrication methods, low cost, thin material thickness, and the ability to be lightweight and flexibly packaged. In recent years, their photoelectric conversion efficiency (PCE) has been continuously improving, with some single-junction and perovskite/silicon tandem structure cells reaching or exceeding the efficiency of traditional silicon cells. In 2024, global perovskite solar cell production reached 2.15 gigawatts, with an average selling price of US$0.29/watt. Gross profit margin was 29.8%-33.74%. Regarding production capacity: Hubei Wandu Solar Energy Co., Ltd. has officially settled in Fuyang with a 3GW perovskite photovoltaic cell module production project. The company will simultaneously plan a 30GW perovskite cell module project, a 10,000-ton-per-year perovskite material production project, and a perovskite module equipment project. On November 14, 2025, the Zhongshan Municipal Bureau of Ecology and Environment accepted the application for a new project by Black Crystal Optoelectronics (Zhongshan) Co., Ltd., with an annual production capacity of 250MW perovskite crystalline silicon tandem solar cells and 350,000 sets of modules. Liyuan New Energy has built an 8,000-square-meter, 100-megawatt perovskite solar cell R&D and production base, with a cumulative investment exceeding 100 million yuan. It plans to officially put 1.2m×0.6m perovskite solar cells into production in August 2025. Case Study: Rooftop Power Station in Phase II of Quzhou High-speed Railway New City. In Phase II of Quzhou High-speed Railway New City, light gray photovoltaic modules were installed on the rooftop of the buildings to echo the overall architectural design, balancing aesthetics and photovoltaic power generation. Installed capacity: 444kW.
The world's major manufacturers of perovskite Solar cells include Oxford PV, GCL Suzhou Nanotechnology Co., Ltd, Hubei Wonder Solar, Microquanta Semiconductor, Heiking PV Technology Co., Ltd., Swift Solar and Li Yuan New Energy Technology Co., etc.
Driving Factors: With the accelerated progress towards global carbon neutrality goals and the surge in demand for clean energy, perovskite solar cells, as an emerging photovoltaic technology with the potential for both high efficiency and low cost, are in a crucial window of opportunity during their early industrialization phase. China possesses a complete industrial chain and mature experience in traditional silicon-based photovoltaic manufacturing, and is rapidly extending this advantage to the perovskite field. Compared to silicon cells, perovskite offers advantages such as manufacturing flexibility, lower material usage, and the ability to achieve lightweight and flexible modules, making it suitable for various applications including rooftop photovoltaics, building-integrated photovoltaics (BIPV), and wearable photovoltaics. With several Chinese manufacturers launching 100MW and even GW-level production lines and beginning large-scale mass production, perovskite cells are expected to become a new growth engine for the global photovoltaic industry between 2025 and 2030.
Market Challenges and Risks:However, the development of perovskite cells also faces severe challenges. First, photoelectric conversion efficiency and module durability need to be tested in long-term real-world environments; compared to laboratory environments, outdoor operation places high demands on stability due to light, humidity, and thermal cycling. Secondly, while industrial scale is expanding, issues such as material stability, lead pollution and recycling, long-term reliability, and lifecycle management have not been fully resolved. Furthermore, market concerns remain regarding performance, lifespan, and certification standards; the lack of a robust standard and trust mechanism will hinder large-scale adoption. Finally, due to the industry's early stage, numerous competitors and diverse process routes and material formulations pose risks of homogenization and resource supply pressure.
Downstream Demand Trends: In downstream applications, besides traditional ground/roof solar power plants, perovskite solar cells are experiencing rapid growth in demand for building-integrated photovoltaics (BIPV), distributed rooftop systems, and portable and flexible photovoltaics (such as lightweight tents, transportation vehicles, and wearable devices). With increasing demand for green buildings, renewable energy rooftops, and mobile/distributed generation, perovskite solar cells, with their thin, flexible, and easily integrated characteristics, have a natural advantage in these emerging markets. Simultaneously, with the development of photovoltaic + energy storage, distributed generation, microgrids/smart grids/home systems, end-user demand for cost-effective, high-efficiency, and easily installable modules will continue to rise, providing a vast market space for perovskite solar cells.
This report studies the global Perovskite Solar Cells production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Perovskite Solar Cells and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Perovskite Solar Cells that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Perovskite Solar Cells total production and demand, 2021-2032, (MW)
Global Perovskite Solar Cells total production value, 2021-2032, (USD Million)
Global Perovskite Solar Cells production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (MW), (based on production site)
Global Perovskite Solar Cells consumption by region & country, CAGR, 2021-2032 & (MW)
U.S. VS China: Perovskite Solar Cells domestic production, consumption, key domestic manufacturers and share
Global Perovskite Solar Cells production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (MW)
Global Perovskite Solar Cells production by Type, production, value, CAGR, 2021-2032, (USD Million) & (MW)
Global Perovskite Solar Cells production by Application, production, value, CAGR, 2021-2032, (USD Million) & (MW)
This report profiles key players in the global Perovskite Solar Cells market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Oxford PV, Swift Solar, Cubic PV (formerly Hunt Energy), Hanwha Qcells, Saule Technologies, Enecoat Technologies Co., Ltd., Active Surfaces, First Solar (Evolar AB), Taiwan Perovskite Solar Corp., Caelux, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Perovskite Solar Cells market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (MW) and average price (US$/W) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Perovskite Solar Cells Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Perovskite Solar Cells Market, Segmentation by Type:
Perovskite Single-junction Modules
Perovskite Tandem Modules (Perovskite/Crystalline Silicon; All-perovskite Tandem)
Others
Global Perovskite Solar Cells Market, Segmentation by Technology:
2-terminal Tandem Cell
4-terminal Tandem Cell
Others
Global Perovskite Solar Cells Market, Segmentation by Structure:
Rigid Module
Flexible Module
Global Perovskite Solar Cells Market, Segmentation by Application:
BIPV
Power Station
Transportation & Mobility
Consumer Electronics
Others
Companies Profiled:
Oxford PV
Swift Solar
Cubic PV (formerly Hunt Energy)
Hanwha Qcells
Saule Technologies
Enecoat Technologies Co., Ltd.
Active Surfaces
First Solar (Evolar AB)
Taiwan Perovskite Solar Corp.
Caelux
Kunshan GCL
Wondersolar
Hangzhou MicroQuanta Semiconductor Co., Ltd.
HIKING PV
Liyuan New Energy Technology (Wuxi) Co., Ltd.
UtmoLight Technology Co., Ltd.
Dazheng (Jiangsu) Micro Nano Technology Co., Ltd.
LONGi Green Energy Technology Co.,Ltd.
Jinkosolar Holding Co., Ltd.
Renshine Solar
Anhui Huasun Energy Co.,Ltd.
Tongwei Co., Ltd.
Beijing Yaoneng Photoelectric Technology Co., Ltd.
CATL
HANGXIAO STEEL STRUCTURE CO., LTD.
Wuhan Jiuyao Photoelectric Technology Co., Ltd.
China Huaneng
YanheSolar
BYD
CNNC Optoelectronics Technology (Shanghai) Co., Ltd.
BOE
Hangzhou Colin Electric Co., Ltd.
Ming Yang Smart Energy Group Limited
Chint Group Corporation
Key Questions Answered:
1. How big is the global Perovskite Solar Cells market?
2. What is the demand of the global Perovskite Solar Cells market?
3. What is the year over year growth of the global Perovskite Solar Cells market?
4. What is the production and production value of the global Perovskite Solar Cells market?
5. Who are the key producers in the global Perovskite Solar Cells market?
6. What are the growth factors driving the market demand?
Perovskite solar cells are a new type of photovoltaic device that uses perovskite-structured metal-halide materials as the light-absorbing layer to directly convert sunlight into electrical energy. Compared with traditional silicon-based solar cells, perovskite cells have advantages such as flexible fabrication methods, low cost, thin material thickness, and the ability to be lightweight and flexibly packaged. In recent years, their photoelectric conversion efficiency (PCE) has been continuously improving, with some single-junction and perovskite/silicon tandem structure cells reaching or exceeding the efficiency of traditional silicon cells. In 2024, global perovskite solar cell production reached 2.15 gigawatts, with an average selling price of US$0.29/watt. Gross profit margin was 29.8%-33.74%. Regarding production capacity: Hubei Wandu Solar Energy Co., Ltd. has officially settled in Fuyang with a 3GW perovskite photovoltaic cell module production project. The company will simultaneously plan a 30GW perovskite cell module project, a 10,000-ton-per-year perovskite material production project, and a perovskite module equipment project. On November 14, 2025, the Zhongshan Municipal Bureau of Ecology and Environment accepted the application for a new project by Black Crystal Optoelectronics (Zhongshan) Co., Ltd., with an annual production capacity of 250MW perovskite crystalline silicon tandem solar cells and 350,000 sets of modules. Liyuan New Energy has built an 8,000-square-meter, 100-megawatt perovskite solar cell R&D and production base, with a cumulative investment exceeding 100 million yuan. It plans to officially put 1.2m×0.6m perovskite solar cells into production in August 2025. Case Study: Rooftop Power Station in Phase II of Quzhou High-speed Railway New City. In Phase II of Quzhou High-speed Railway New City, light gray photovoltaic modules were installed on the rooftop of the buildings to echo the overall architectural design, balancing aesthetics and photovoltaic power generation. Installed capacity: 444kW.
The world's major manufacturers of perovskite Solar cells include Oxford PV, GCL Suzhou Nanotechnology Co., Ltd, Hubei Wonder Solar, Microquanta Semiconductor, Heiking PV Technology Co., Ltd., Swift Solar and Li Yuan New Energy Technology Co., etc.
Driving Factors: With the accelerated progress towards global carbon neutrality goals and the surge in demand for clean energy, perovskite solar cells, as an emerging photovoltaic technology with the potential for both high efficiency and low cost, are in a crucial window of opportunity during their early industrialization phase. China possesses a complete industrial chain and mature experience in traditional silicon-based photovoltaic manufacturing, and is rapidly extending this advantage to the perovskite field. Compared to silicon cells, perovskite offers advantages such as manufacturing flexibility, lower material usage, and the ability to achieve lightweight and flexible modules, making it suitable for various applications including rooftop photovoltaics, building-integrated photovoltaics (BIPV), and wearable photovoltaics. With several Chinese manufacturers launching 100MW and even GW-level production lines and beginning large-scale mass production, perovskite cells are expected to become a new growth engine for the global photovoltaic industry between 2025 and 2030.
Market Challenges and Risks:However, the development of perovskite cells also faces severe challenges. First, photoelectric conversion efficiency and module durability need to be tested in long-term real-world environments; compared to laboratory environments, outdoor operation places high demands on stability due to light, humidity, and thermal cycling. Secondly, while industrial scale is expanding, issues such as material stability, lead pollution and recycling, long-term reliability, and lifecycle management have not been fully resolved. Furthermore, market concerns remain regarding performance, lifespan, and certification standards; the lack of a robust standard and trust mechanism will hinder large-scale adoption. Finally, due to the industry's early stage, numerous competitors and diverse process routes and material formulations pose risks of homogenization and resource supply pressure.
Downstream Demand Trends: In downstream applications, besides traditional ground/roof solar power plants, perovskite solar cells are experiencing rapid growth in demand for building-integrated photovoltaics (BIPV), distributed rooftop systems, and portable and flexible photovoltaics (such as lightweight tents, transportation vehicles, and wearable devices). With increasing demand for green buildings, renewable energy rooftops, and mobile/distributed generation, perovskite solar cells, with their thin, flexible, and easily integrated characteristics, have a natural advantage in these emerging markets. Simultaneously, with the development of photovoltaic + energy storage, distributed generation, microgrids/smart grids/home systems, end-user demand for cost-effective, high-efficiency, and easily installable modules will continue to rise, providing a vast market space for perovskite solar cells.
This report studies the global Perovskite Solar Cells production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Perovskite Solar Cells and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Perovskite Solar Cells that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Perovskite Solar Cells total production and demand, 2021-2032, (MW)
Global Perovskite Solar Cells total production value, 2021-2032, (USD Million)
Global Perovskite Solar Cells production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (MW), (based on production site)
Global Perovskite Solar Cells consumption by region & country, CAGR, 2021-2032 & (MW)
U.S. VS China: Perovskite Solar Cells domestic production, consumption, key domestic manufacturers and share
Global Perovskite Solar Cells production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (MW)
Global Perovskite Solar Cells production by Type, production, value, CAGR, 2021-2032, (USD Million) & (MW)
Global Perovskite Solar Cells production by Application, production, value, CAGR, 2021-2032, (USD Million) & (MW)
This report profiles key players in the global Perovskite Solar Cells market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Oxford PV, Swift Solar, Cubic PV (formerly Hunt Energy), Hanwha Qcells, Saule Technologies, Enecoat Technologies Co., Ltd., Active Surfaces, First Solar (Evolar AB), Taiwan Perovskite Solar Corp., Caelux, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Perovskite Solar Cells market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (MW) and average price (US$/W) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Perovskite Solar Cells Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Perovskite Solar Cells Market, Segmentation by Type:
Perovskite Single-junction Modules
Perovskite Tandem Modules (Perovskite/Crystalline Silicon; All-perovskite Tandem)
Others
Global Perovskite Solar Cells Market, Segmentation by Technology:
2-terminal Tandem Cell
4-terminal Tandem Cell
Others
Global Perovskite Solar Cells Market, Segmentation by Structure:
Rigid Module
Flexible Module
Global Perovskite Solar Cells Market, Segmentation by Application:
BIPV
Power Station
Transportation & Mobility
Consumer Electronics
Others
Companies Profiled:
Oxford PV
Swift Solar
Cubic PV (formerly Hunt Energy)
Hanwha Qcells
Saule Technologies
Enecoat Technologies Co., Ltd.
Active Surfaces
First Solar (Evolar AB)
Taiwan Perovskite Solar Corp.
Caelux
Kunshan GCL
Wondersolar
Hangzhou MicroQuanta Semiconductor Co., Ltd.
HIKING PV
Liyuan New Energy Technology (Wuxi) Co., Ltd.
UtmoLight Technology Co., Ltd.
Dazheng (Jiangsu) Micro Nano Technology Co., Ltd.
LONGi Green Energy Technology Co.,Ltd.
Jinkosolar Holding Co., Ltd.
Renshine Solar
Anhui Huasun Energy Co.,Ltd.
Tongwei Co., Ltd.
Beijing Yaoneng Photoelectric Technology Co., Ltd.
CATL
HANGXIAO STEEL STRUCTURE CO., LTD.
Wuhan Jiuyao Photoelectric Technology Co., Ltd.
China Huaneng
YanheSolar
BYD
CNNC Optoelectronics Technology (Shanghai) Co., Ltd.
BOE
Hangzhou Colin Electric Co., Ltd.
Ming Yang Smart Energy Group Limited
Chint Group Corporation
Key Questions Answered:
1. How big is the global Perovskite Solar Cells market?
2. What is the demand of the global Perovskite Solar Cells market?
3. What is the year over year growth of the global Perovskite Solar Cells market?
4. What is the production and production value of the global Perovskite Solar Cells market?
5. Who are the key producers in the global Perovskite Solar Cells market?
6. What are the growth factors driving the market demand?
Table of Contents
217 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
Pricing
Currency Rates
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