The recent IDTechEx report highlights the burgeoning perovskite photovoltaic market, projecting that annual installations could reach nearly 85 gigawatts by 2035, driven by new applications and the integration of perovskites with silicon in tandem solar cells. These innovative solar cells, expected to launch in the near future, utilize a perovskite active layer that can be deposited using scalable, cost-effective methods, making them a valuable addition to traditional silicon solar cells. However, challenges such as moisture, air, and UV light degradation remain critical concerns, necessitating high-quality encapsulation to ensure their durability and effectiveness.
Furthermore, the report states that sales of perovskite technology may approach $12 billion by 2035, with key players including Saule Technologies and major companies from China and Japan. Research is focused on improving the efficiency of conventional silicon solar cells by incorporating perovskites, with tandem architectures achieving impressive theoretical efficiencies. Additionally, the market for wireless electronics and IoT devices represents a significant growth area for perovskite technology, as these low-cost solar panels could replace batteries in powering small devices. With the rapid increase in IoT devices anticipated over the next decade, the development and expansion of perovskite photovoltaic solutions appear poised to transform the solar energy landscape.