Global Dye sensitized solar cells (DSSC) Market Projected To Reach USD 122 million By 2020

Date: 2016-11-08

A dye-sensitized solar cell (DSSC, DSC or DYSC) is a low-cost solar cell belonging to the group of thin film solar cells. It is based on a semiconductor formed between a photo-sensitized anode and an electrolyte, a photoelectrochemical system.

Thanks to it has a number of attractive features; it is simple to make using conventional roll-printing techniques, is semi-flexible and semi-transparent which offers a variety of uses not applicable to glass-based systems, and most of the materials used are low-cos. According to report, global Dye sensitized solar cells (DSSC) Market is projected to reach USD 122 million by 2020.

The driver for growth is concerning detrimental environmental impact associated with fossil fuel based power generation plant by governments. Governments across various countries have been promoting electricity generation through renewable energy sources. Favorable government initiatives to promote off-grid solar power installations particularly in developed economies of Europe and North America are also expected to have a positive influence on the market growth.

In terms of geography, Europe is expected to dominate the market and also projected to grow at a highest CAGR across the world, the region followed by North America, growing at a CAGR of 11.2% from 2016 to 2020.

On the basis of application, BIPV/BAPV is anticipated to be the fastest growing application segment at an estimated CAGR of 13.0% from 2015 to 2022. DSSC ability to provide optimum power for these applications is anticipated to raise product demand over the forecast period.

Dye sensitized solar cells (DSSC) market share by region as following:


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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


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