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Dye sensitised cell PV looks bright

Posted: 30 Apr 2012     Print Version  Bookmark and Share

Keywords:dye sensitised cell  DSC  PV 

NanoMarkets sees solid growth prospects for dye-sensitised cell technology in spite of the decline in the overall PV industry growth owing to rapidly declining panel prices, cutbacks in government support, and failing firms.

In its report entitled, 'Markets for Dye-Sensitised Cell Photovoltaics 2012,' NanoMarkets estimates that the total market value of DSC modules at the application level will grow from about Rs.204.08 crore ($40 million) in 2012 to more than Rs.2,551.02 crore ($500 million) by 2015. Then, after building-integrated PV (BIPV) applications for DSC PV take off, the firm anticipates that the market value will exceed Rs.22,448.98 crore ($4.4 billion) by 2019. At the same time, the market for DSC materials is expected to grow from a value of just under Rs.61.22 crore ($12 million) in 2012 to over Rs.6,122.45 crore ($1.2 billion) by 2019.

In the past two years, the dye sensitised cell (DSC) market has come of age and has moved out of its R&D phase. The performance of DSCs is now comparable with amorphous silicon PV, but with much more potential than a-Si for performance improvements. DSC's also offers an ability to be deployed on flexible substrates and perform under non-peak insolation.

The report provides an in-depth market analysis of recent developments in DSCs, examining the meaning of the latest products, strategies and technical developments. We identify how performance improvements are likely to help grow addressable markets for DSC and where these new markets are to be found. The potential for DSC in the BIPV sector is examined in the report and how DSC is likely to do in a world in which solar energy is not the hot topic that it was a few years ago.

The report also appraises the commercial significance of the developments that have taken place in the DSC over the past year such as the attempts to reduce the cost of dyes and electrodes.

For more statistics and forecasts, click here.

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