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Increasing Usage of Renewable Energy to Fuel Surge in Global Dye-Sensitized Solar Cells Industry

The global dye-sensitized solar cells market is predicted to reach a valuation of $60,589.4 thousand

The global dye-sensitized solar cells market is predicted to reach a valuation of $60,589.4 thousand by 2023. Furthermore, the market will grow at a CAGR of 13.2% between 2018 and 2023.

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In recent years, governments across the world have introduced several policies to promote the production and adoption of solar energy. The governments are providing subsidies, tax credits, and feed-in tariff, which have helped in brining a price parity between the electricity generated by solar cells and the power generated via conventional energy sources, such as fossil fuels. Besides, competitive bidding is also facilitating the installation of solar panels and amplifying the deployment of PVs, globally. These initiatives will, therefore, support the adoption of dye-sensitized solar cells in the coming years.

Geographically, the dye-sensitized solar cells market would register the fastest growth in the Asia-Pacific region in the future years, as per the estimates of P&S Intelligence, a market research company based in India. The rising implementation of strict government regulations is predicted to boost the adoption of renewable sources of energy such as solar in the developing countries such as India, China, Vietnam, and Thailand in the coming years.

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GLOBAL DYE-SENSITIZED SOLAR CELLS MARKET

  • By Application
    • Portable Charging
    • Building-Integrated Photovoltaics (BIPVs)
    • Building-Applied Photovoltaics (BAPVs)
    • Embedded Electronics
    • Outdoor Advertising
    • Solar Chargers
    • Wireless Keyboards
    • Emergency Power in Military
    • Automotive-Integrated Photovoltaics (AIPVs)
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