(MENAFN- Ameliorate Digital Consultancy)
The global sales of nanocomposite solar cell market is valued at US$ 4.2 billion in 2022 and increase at a noteworthy CAGR of 12.4% to reach US$ 13.5 billion by the end of 2032.
Currently, sales of nanocomposite solar cells account for a little over 5% of the global solar cell market.
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Advancement of Technologies in Solar Panels to Drive The Demand for Nanocomposite Solar Cell
The advancement of technologies in solar panels has been a major driver for the demand for nanocomposite solar cells. Nanocomposite solar cells are made up of a combination of nanomaterials, such as carbon nanotubes, graphene, and quantum dots, which are used to create a more efficient and cost–effective solar cell. These nanomaterials are able to absorb more light than traditional silicon–based solar cells, resulting in higher efficiency and lower costs. Additionally, nanocomposite solar cells are more durable and can withstand extreme temperatures and weather conditions.
This makes them ideal for use in remote locations or in areas with extreme climates. The development of new technologies in solar panels has also enabled the production of thinner and lighter solar cells. This has allowed for the development of flexible solar panels that can be used in a variety of applications, such as on rooftops or even on clothing. This has further increased the demand for nanocomposite solar cells as they are able to provide higher efficiency and lower costs than traditional silicon–based solar cells.
Finally, the advancement of technologies in solar panels has also enabled the development of more efficient energy storage systems. This has allowed for the development of batteries that can store energy from the sun during the day and then release it at night or during periods of low sunlight. This has further increased the demand for nanocomposite solar cells as they are able to provide higher efficiency and lower costs than traditional silicon–based solar cells.
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Competitive Landscape
Key manufacturers of nanocomposite solar cells are trying to adopt newer technologies to stay ahead in the market. Market players are focused on research and development, enhancement of safety & control, efficiency & performance for the long life of the product, and much more.
In February 2022 , First Solar Inc and National Grid Renewables signed a framework agreement for advanced thin film photovoltaic (PV) solar modules. The delivery is scheduled in 2024 and 2025 across the United States. Moreover, National Grid has partnered with First Solar Inc for other projects as well as for the development of solar farms.
Key Companies Profiled:
Antec Solar GmbH Ascent Solar Technologies Abengoa First Solar Hanergy Thin Film Power Group Nanosolar Solar Frontier Europe GmbH SoloPower Systems Inc Soltecture Solartechnik GmbH
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Segmentation :
By Nanocomposite Type : By Material Type : By Application : BIPV (Building Integrated PV) VIPV (Vehicle Integrated PV) Freight Trailers Buses RVs Other Vehicles
FIPV (Fabric Integrated PV) Recreational Vehicles Tenting Containerized Living Units Others FIPV
Others
By Region : North America Latin America Europe East Asia South Asia & Oceania MEA
Questionnaire answered in the report include:
How the industry has grown? What is the present and future outlook on the basis of region? What are the challenges and opportunities? Why the consumption in region? In which year segment is expected to overtake segment?
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