The global market for perovskite materials and technologies is experiencing rapid growth and attracting significant attention from researchers, industries, and investors worldwide. Perovskites, a class of materials with a unique crystalline structure, have emerged as a promising solution for various applications due to their exceptional optoelectronic properties, low-cost production, and versatility.
The primary driver of the perovskite market is the increasing demand for high-efficiency, cost-effective, and sustainable energy solutions. Perovskite solar cells (PSCs) have demonstrated remarkable progress in recent years, with power conversion efficiencies now exceeding 25% (from 3% in 2009) in laboratory settings. This positions PSCs as a potential challenger to traditional silicon-based photovoltaics. The ability to produce perovskite films through low-temperature, solution-based processes makes them attractive for scalable manufacturing and integration with flexible substrates. They offer low production costs, high energy efficiency, and adaptability for flexible and glass substrates.
Beyond photovoltaics, perovskites are finding applications in light-emitting devices (LEDs), photodetectors, sensors, transistors, memory devices, and catalysis. Perovskite LEDs, known as PeLEDs, offer high color purity, tunability, and low-cost fabrication, making them suitable for display and lighting applications. Perovskite-based photodetectors and sensors exhibit high sensitivity, wide spectral response, and fast response times, with potential uses in imaging, surveillance, and environmental monitoring.
The perovskite market is still in its early stages. However, the market is expected to grow significantly in the coming years, driven by the increasing adoption of perovskite-based products and the scaling up of manufacturing processes. The global perovskite market will exceed $10 billion by 2035, with the photovoltaics segment accounting for the largest share. The future outlook for perovskite materials and technologies is promising, with ongoing research focused on improving stability, durability, and performance. Tandem architectures, combining perovskites with other established technologies like silicon or CIGS, are expected to push power conversion efficiencies. Flexible and wearable perovskite devices, such as solar-powered clothing and sensors, are also on the horizon. Perovskite quantum dots are attracting interest for their potential in display and lighting applications, offering improved color gamut and energy efficiency compared to conventional materials.
However, challenges remain in terms of long-term stability/efficiency, scalability, and the presence of toxic lead in some perovskite formulations. Researchers are actively exploring lead-free alternatives and encapsulation techniques to address these concerns.
The report covers the following key aspects:
- Overview of perovskite materials and their unique properties
- Types of perovskites: inorganic, hybrid organic-inorganic, and perovskite quantum dots
- Advantages of perovskites over traditional materials
- Perovskite applications and end-use markets
- Photovoltaics: perovskite solar cells (PSCs), tandem solar cells, and building-integrated photovoltaics (BIPV)
- Light-emitting devices: perovskite LEDs (PeLEDs), white light-emitting devices, lasers, and optical amplifiers
- Photodetectors and sensors: visible light, X-ray, gamma-ray, chemical, and humidity sensors
- Transistors and memory devices: field-effect transistors (FETs) and resistive random-access memory (RRAM)
- Catalysis and photocatalysis: water splitting, hydrogen production, CO2 reduction, and pollutant degradation
- Thermoelectrics and other emerging applications
- Perovskite synthesis and processing methods
- Solution-based methods: one-step deposition, two-step sequential deposition, and anti-solvent assisted crystallization
- Vapor deposition methods: thermal evaporation, co-evaporation, and chemical vapor deposition (CVD)
- Scalable processing techniques: inkjet printing, blade coating, slot-die coating, and spray coating
- Roll-to-roll processing for high-volume production and cost reduction
- Post-synthesis processing techniques: thermal annealing, solvent annealing, and pressure-assisted annealing
- Market drivers and restraints
- Market forecasts and regional analysis
- Global perovskite materials and technologies market size and growth rate from 2025 to 2035
- Market segmentation by application, material type, and geographic region
- Detailed market forecasts for North America, Europe, Asia-Pacific, and the Rest of the World
- Competitive landscape and company profiles
- Profiles of over 65 key players in the perovskite industry, including material suppliers and device manufacturers.
- Analysis of their strategies, partnerships, and product offerings
- Regulations and environmental considerations
- Future trends and opportunities
- Tandem solar cells and perovskite-silicon integration
- Flexible and wearable perovskite devices
- Perovskite quantum dots for displays and lighting
- Perovskite-based sensors for IoT and smart cities
- Recyclable and eco-friendly perovskite materials
Table of Contents
1 EXECUTIVE SUMMARY1.1 Market Overview
1.2 Technology roadmap
1.3 Market drivers and restraints
1.3.1 Market Drivers
1.3.1.1 Increasing Demand for Renewable Energy
1.3.1.2 Declining Costs of Perovskite Production
1.3.1.3 Government Policies and Incentives
1.3.1.4 Advancements in Perovskite Stability and Efficiency
1.3.2 Market Restraints
1.3.2.1 Lead Toxicity Concerns
1.3.2.2 Stability and Degradation Issues
1.3.2.3 Scalability and Manufacturing Challenges
1.3.2.4 Competition from Established Technologies
1.4 Market opportunities and future trends
1.4.1 Tandem Solar Cells and Perovskite-Silicon Integration
1.4.2 Flexible and Wearable Perovskite Devices
1.4.3 Perovskite Quantum Dots for Displays and Lighting
1.4.4 Perovskite-Based Sensors for IoT and Smart Cities
1.4.5 Perovskite Materials for Neuromorphic Computing
1.4.6 Recyclable and Eco-Friendly Perovskites
1.5 Market forecasts
1.5.1 Global Perovskite Materials and Technologies Market Size and Growth Rate
1.5.2 Market Forecasts by Application
1.5.3 Market Forecasts by Region
1.5.3.1 North America
1.5.3.2 Europe
1.5.3.3 China
1.5.3.4 Asia-Pacific
1.5.3.5 Rest of World
1.6 Regulations
1.6.1 Regulations and Standards for Perovskite Materials
1.6.2 Toxicity and Environmental Concerns
1.6.3 Disposal and Recycling Strategies
1.6.4 Occupational Health and Safety Measures
2 INTRODUCTION
2.1. What are Perovskites?
2.1.1. Perovskite Structure and Composition
2.1.1 Types of Perovskites
2.1.1.1 Inorganic Perovskites
2.1.1.2 Hybrid Organic-Inorganic Perovskites
2.1.2 Perovskite Properties
2.2 Advantages of Perovskite Materials
2.3 Challenges and Limitations
3 PEROVSKITE MATERIALS
3.1 Inorganic Perovskites
3.1.1 Lead-Based Perovskites
3.1.1.1 Methylammonium Lead Triiodide (MAPbI3)
3.1.1.2 Formamidinium Lead Triiodide (FAPbI3)
3.1.1.3 Cesium Lead Triiodide (CsPbI3)
3.1.2 Lead-Free Perovskites
3.1.2.1 Tin-Based Perovskites
3.1.2.2 Bismuth-Based Perovskites
3.1.2.3 Double Perovskites
3.1.3 Other Inorganic Perovskites
3.2 Hybrid Organic-Inorganic Perovskites
3.2.1 3D Hybrid Perovskites
3.2.2 2D Hybrid Perovskites (Ruddlesden-Popper Phases)
3.2.3 Quasi-2D Hybrid Perovskites
3.2.4 1D Hybrid Perovskites
3.2.5 Perovskite Quantum Dots
3.2.5.1 Properties
3.2.5.2 Comparison to conventional quantum dots
3.2.5.3 Synthesis methods
3.2.5.4 Applications
4 PEROVSKITE SYNTHESIS AND PROCESSING METHODS
4.1 Overview - Deposition of perovskites
4.2 Solution-Based Methods
4.2.1 One-Step Deposition
4.2.2 Two-Step Sequential Deposition
4.2.3 Anti-Solvent Assisted Crystallization
4.2.4 Vapor-Assisted Solution Process
4.2.5 Spin Coating
4.3 Vapor Deposition Methods
4.3.1 Thermal Evaporation
4.3.2 Co-Evaporation
4.3.3 Chemical Vapor Deposition (CVD)
4.3.4 Hybrid Chemical Vapor Deposition
4.3.5 Aerosol Assisted Chemical Vapor Deposition
4.3.6 Sputtering
4.4 Other Synthesis Methods
4.4.1 Mechanochemical Synthesis
4.4.2 Combustion Synthesis
4.4.3 Hydrothermal Synthesis
4.5 Deposition Techniques for Scalable Processing
4.5.1 Inkjet Printing
4.5.2 Blade Coating
4.5.3 Slot-Die Coating
4.5.4 Spray Coating
4.6 Roll-to-Roll Processing
4.6.1 Overview of Roll-to-Roll Printing for Perovskites
4.6.2 Advantages for High-Volume Production and Cost Reduction
4.6.3 Challenges in Perovskite Film Deposition
4.6.4 Examples of Roll-to-Roll Perovskite Device Fabrication
4.7 Patented and Proprietary Deposition Methods
4.8 Post-Synthesis Processing Techniques
4.8.1 Thermal Annealing
4.8.2 Solvent Annealing
4.8.3 Pressure-Assisted Annealing
4.9 Comparison of Deposition Methods
4.9.1 Overview of Method Advantages and Limitations
4.9.2 Guidelines for Choosing a Perovskite Deposition Method
5 PEROVSKITE APPLICATIONS AND END-USE MARKETS
5.1 Photovoltaics
5.1.1 Global solar power market
5.1.2 Thin film solar cells
5.1.3 Thin Film Perovskite Solar Cells (PSCs)
5.1.3.1 PSC Architectures and Device Structures
5.1.3.2 Advantages of PSCs over Silicon Solar Cells
5.1.3.3 Challenges and Stability Issues
5.1.3.4 Perovskite stability
5.1.3.5 Additive engineering
5.1.3.6 Glass-glass encapsulation
5.1.3.7 Polymer encapsulation
5.1.3.8 Perovskite PV value chain
5.1.4 Tandem Solar Cells
5.1.4.1 Applications
5.1.4.2 Perovskite/silicon tandem solar cells
5.1.4.2.1 Building integration
5.1.4.2.2 Solar farms
5.1.4.2.3 Companies
5.1.4.3 All Perovskite Tandem Solar Cells
5.1.4.3.1 Overview
5.1.4.3.2 Companies
5.1.5 Materials
5.1.5.1 Substrate materials
5.1.5.1.1 Rigid glass substrates
5.1.5.1.2 Flexible glass substrates
5.1.5.1.3 Plastic substrates
5.1.5.1.4 Transparent conducting films
5.1.6 Building-Integrated Photovoltaics (BIPV)
5.1.7 Space and Aerospace Applications
5.1.8 Indoor energy harvesting
5.1.9 Agrivoltaics
5.1.10 Market players
5.1.11 Global perovskite PV market to 2035
5.2 Light-Emitting Devices
5.2.1 Light emitting diodes market
5.2.2 Perovskite Light-Emitting Diodes (PeLEDs)
5.2.2.1 Applications
5.2.3 White Light-Emitting Devices
5.2.4 Lasers and Optical Amplifiers
5.3 Photodetectors and Sensors
5.3.1 Thin film photodetectors market
5.3.2 Visible Light Photodetectors
5.3.3 X-Ray Detectors
5.3.4 Gamma-Ray Detectors
5.3.5 Chemical Sensors
5.3.6 Humidity Sensors
5.4 Transistors and Memory Devices
5.4.1 Field-Effect Transistors (FETs)
5.4.2 Resistive Random-Access Memory (RRAM)
5.5 Catalysis and Photocatalysis
5.5.1 Water Splitting and Hydrogen Production
5.5.2 CO2 Reduction and Conversion
5.5.3 Organic Synthesis
5.5.4 Pollutant Degradation
5.6 Thermoelectrics
5.7 Other Emerging Applications
5.7.1 Piezoelectrics
5.7.2 Superconductors
5.7.3 Spintronics
5.7.4 Batteries and Supercapacitors
6 COMPANY PROFILES (68 company profiles)
7 APPENDICES
7.1 List of Abbreviations
7.2 Research Methodology
8 REFERENCES
LIST OF TABLES
Table 1. Market overview for Perovskite Materials and Technologies
Table 2. Perovskite production costs
Table 3. Perovskite materials and technologies versus established technologies, by market
Table 4. Perovskite Materials and Technologies Market Forecasts by Application, 2022-2035
Table 5. Perovskite PV companies in China
Table 6. Perovskite Properties
Table 7. Advantages of Perovskite Materials
Table 8. Perovskite quantum dots (PQDs) overview
Table 9. Comparative properties of conventional QDs and Perovskite QDs
Table 10. Applications of perovskite QDs
Table 11. Development roadmap for perovskite QDs
Table 12. Properties of perovskite QLEDs comparative to OLED and QLED
Table 13. Perovskite-based QD producers
Table 14. Total installed solar capacity by technology type, 2024-2035
Table 15. Benchmarking of solar technologies
Table 16. Perovskite solar power funding and projects
Table 17. Comparison of thin film technologies
Table 18. n-i-p vs p-i-n configurations
Table 19. Thin film vs tandem perovskite PV
Table 20. Perovskite/silicon tandem PV market players
Table 21. Global installed perovskite PV capacity by application, 2023-2035
Table 22. Global perovskite PV annual revenues, 2023-2035
Table 23. Global solar farm installation capacity, 2024-2035
Table 24. Global Perovskite solar farm revenues, 2024-2035
Table 25. Global Perovskite residential rooftop PV revenues, 2024-2035
Table 26. Applications of Perovskite LEDs
Table 27. Photodetector applications
LIST OF FIGURES
Figure 1. Technology roadmap for perovskite materials
Figure 2. Perovskite Materials and Technologies Market Forecasts by Application, 2022-2035
Figure 3. Perovskite Materials and Technologies Market Forecasts by Region, 2022-2035
Figure 4. Perovskite solar cell by Toshiba
Figure 5. A pQLED device structure
Figure 6. Perovskite quantum dots under UV light
Figure 7. Roll-to-roll manufacturing process
Figure 8. Total installed solar capacity by technology type, 2024-2035
Figure 9. Perovskite PV value chain
Figure 10. Global installed perovskite PV capacity by application, 2023-2035
Figure 11. Global perovskite PV annual revenues, 2023-2035
Figure 12. Global solar farm installation capacity, 2024-2035
Figure 13. Global Perovskite solar farm revenues, 2024-2035
Figure 14. Global Perovskite residential rooftop PV revenues, 2024-2035
Figure 15. Working principle of perovskite LEDs
Figure 16. Working principle of photodetectors
Figure 17.Perovskite absorption spectrum
Figure 18. Siemens Healthineers perovskite x-ray detectors
Figure 19. Anker solar umbrella
Figure 20. EneCoat Technologies Co., Ltd.perovskite solar cells
Figure 21. Kaneka Corporation built-in perovskite solar cells
Figure 22. Uchisaiwaicho 1-chome Urban District Development Project
Figure 23. Sekisui film-type perovskite solar cells
Figure 24. UtmoLight 450W perovskite solar module
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aisin Corporation
- Anker
- Ascent Solar
- Astronergy
- Avantama
- Beyond Silicon
- Caelux
- BrightComSol
- Canadian Solar
- Canon
- China Huaneng Group Co.Ltd.
- Cosmos Innovation
- CubicPV
- DaZheng
- Dyenamo
- EneCoat Technologies
- Energy Materials Corporation
- Ergis Group
- Flexell Space
- GCL
- Green Science Alliance Co.Ltd.
- Hangzhou Xianna Optoelectronic Technology Co.Ltd.
- Hanwha Qcells
- Hefei BOE Solar Technology
- Helio Display Materials
- HETE Photo Electricity
- Hiking PV
- Homerun Resources
- Huasun Energy (Ningxia Huasun New Materials Technology)
- JA Solar
- Jiangsu Xiehang Energy Technology (Fellow Energy/Xiehang Energy)
- Jinko Solar
- Kaneka Corporation
- Koreakiyon
- LONGi Green Energy Technology
- Mellow Energy
- Microquanta Semiconductor
- Nanolumi
- Nexwafe
- Opteria
- Oxford PV
- PEROLED Korea
- PeroNova
- Perovskia Solar
- Power Roll
- PXP
- Renshine Solar
- RISEN
- Saule Technologies
- SCHOTT
- SEI Energy Technology (Jiaxing)
- Sekisui Chemical Co Ltd
- SN Display Co.Ltd.
- Sofab Inks
- Solaronix
- Solaveni GmbH
- Solaires Enterprises
Methodology
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