NanoMarkets forecasts dye sensitized cell PV market faces to great expansion in years to come

April 25, 2012 // Paul Buckley

Industry analyst NanoMarkets has released a new report on the Dye-Sensitized Cell market which indicates the company believes that DSC is a technology with solid growth prospects even though the overall PV industry is reeling from rapidly declining panel prices, cutbacks in government support, and failing firms.

In the report entitled: ‘Markets for Dye-Sensitized Cell Photovoltaics 2012’, NanoMarkets estimates that the total market value of DSC modules at the application level will grow from about $40 million in 2012 to more than $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 $4.4 billion by 2019. At the same time, the market for DSC materials is expected to grow from a value of just under $12 million in 2012 to over $1.2 billion by 2019.

In the past two years, the dye sensitized 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.  

Additional details about the report are available at:
http://nanomarkets.net/market_reports/report/dye_sensitized_cell_markets_2012

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