market reports

Dye Sensitized Cell Markets - 2014

This report is currently being updated and revised for July 2016.  Please contact us for details or interest

The recent announcement of dye sensitized cells (DSCs) based on perovskite material that provide a 15 percent efficiency shows that DSCs could be about to hit the PV mainstream.   With such new developments in mind, this new report forecasts and analyzes the market for DSCs over the next eight years.  NanoMarkets has been covering the ups and downs of the DSC sector for the past five years and we believe that DSC is entering into a new era. DSC technology will soon be able to provide efficiencies close to those of commercial thin-film solar panels.  And, for the first time for years, DSC will be competing in a stable market environment for solar panels.

In the report, we examine how the leading players in the DSC space plan to generate revenues in this new business environment and how their addressable markets will grow in the next decade. Our analysis covers all the product/market areas that are being seriously suggested for DSC and shows how these markets are likely to evolve. 

Because of its huge revenue potential we are especially interested in the building-integrated photovoltaics (BIPV) sector and we also take a serious look at the opportunity for selling DSC products into the developing world; a market that several DSC firms have specifically targeted. This report also appraises the commercial significance of recent technical developments in the DSC space, especially the development of improved electrolytes both solid-state and liquid.  

As always with NanoMarkets reports, this report also contains granular, eight-year forecasts of DSC panel and materials shipments in volume and value terms, broken down by application wherever possible.  Materials covered include the critical components of the cells and modules; host, dye, and electrolyte materials; transparent and nontransparent electrode materials; and encapsulation materials.

Executive Summary
E.1 Opportunities for DSC Panel Makers
E.2 Opportunities for Materials Suppliers
E.3 Eight Firms to Watch in the DSC Space
E.4 Eight-Year Forecast Summary for DSC Markets
 
Chapter One: Introduction
1.1 Background to this Report
1.2 Objective and Scope of this Report
1.3 Methodology of this Report
1.3.1 Forecasting Methodology
1.3.2 Data Sources
1.3.3 Alternative Scenarios
1.4 Plan of this Report
 
Chapter Two: Important Recent Technical Trends in Dye Sensitized Cells
2.1 Electrolytes
2.1.1 Liquid
2.1.2 Solid-State:  Beyond Iodine
2.2 Electrode Materials
2.2.1 Better Dopants for TiO2
2.3 Future Use of Quantum Dots in DSCs
2.4 Encapsulation and Substrates
2.5 Eight-Year Projections of DSC Efficiencies
2.5.1 Comparison to Other Thin-Film and Organic PV
2.6 Key Points Made in this Chapter
 
Chapter Three: Dye Sensitized Cells Markets and Forecasts
3.1 Indoor Applications
3.1.1 Solar Chargers
3.1.2 Wireless Keyboards
3.1.3 Apparel
3.1.4 Eight-Year Forecast of Indoor DSC Applications
3.2 Building-Integrated Photovoltaics
3.2.1 BIPV Glass
3.2.2 Solar Roofs
3.2.3 Eight-Year Forecast of DSC in BIPV
3.3 Retail Applications
3.3.1 Outdoor and Indoor Advertising
3.3.2 Point-of-Purchase Displays
3.3.3 Solar Awnings and Umbrellas
3.3.4 Eight-Year Forecast of DSC in Retail Applications
3.4 Sensor Networks
3.4.1 Eight-Year Forecast of DSC for Sensor Networks
3.5 Emergency Power and Military Applications
3.5.1 Eight-Year Forecast of DSC for Sensor Networks
3.6 Automotive Applications
3.6.1 Eight-Year Forecast of DSC for Sensor Networks
3.7 Opportunities for DSC Products in Developing Nations
3.8 Summary of Eight-Year Forecasts
3.8.1 Eight-Year Forecast by Type of Product and Application
3.8.2 Eight-Year Forecast by Type of Material
3.9 Key Points Made in this Chapter
 
Chapter Four: DSC Suppliers and Strategies
4.1.1 3G Solar
 (Israel)
4.1.2 Dyesol (Australia)
4.1.3 Fujikura (Japan)
4.1.4 G24 Innovations (UK)
4.1.5 Nissha Printing
 (Japan)
4.1.6 NLAB Solar (Sweden)
4.1.7 Oxford Photovoltaics (UK)
4.1.8 Peccell (Japan)
4.1.9 Samsung SDI
(Korea)
4.1.10 Sharp (Japan)
4.1.11 Solaronix (Switzerland)
4.1.12 SolarPrint (Ireland)
4.1.13 Sony (Japan)
4.1.14 SolarPrint (Ireland)
4.2 Large Specialty Chemical Company Strategies in the DSC Space
4.2.1 BASF (Germany)
4.2.2 Everlight Chemical (Taiwan)
4.2.3 Merck (Germany)
4.2.4 Umicore (Belgium)
 
List of Exhibits
Exhibit E-1: Summary of the DSC Market 2014-2021
Exhibit 2-1: Comparison of Features between DSC and Other Competing Solar Cell Technologies
Exhibit 2-2: Key Trends of DSC Materials
Exhibit 2-3: Typical Properties of Different Types of Organic Solvents
Exhibit 2-4: Future Prospects for different Ionic Liquids, Redox Couples and Additives 
Exhibit 2-5: Future Status of Solid-state and Quasi-solid State Electrolytes
Exhibit 2-6: Material Choices as Encapsulants and Substrates
Exhibit 3-1: Summary of Potential DSC Applications
Exhibit 3-2: Price Assumptions of DSC Modules for each Application
Exhibit 3-3: Eight-Year Forecasts for DSC-enabled Portable Charging Devices
Exhibit 3-4: Eight-Year Forecasts for Embedded Devices
Exhibit 3-5: Eight-Year Forecasts for DSC Enabled BIPV Applications Glass Devices
Exhibit 3-6: Eight-Year Forecasts for DSC Enabled BIPV Applications Roofing/Siding Devices
Exhibit 3-7: Eight-Year Forecasts for DSC-Enabled Outdoor and Indoor Digital Signage
Exhibit 3-8: Eight-Year Forecasts for DSC-Enabled Retail Applications Point-of-Sale Devices
Exhibit 3-9: Eight-Year Forecasts for Total DSC-based Retail Applications
Exhibit 3-10: Eight-Year Forecasts for DSC-Enabled Sensor Network Devices
Exhibit 3-11: Eight-Year Forecasts for DSC-Enabled Military Applications
Exhibit 3-12: Eight-Year Forecasts for DSC-Enabled Automotive Applications (AIPV)
Exhibit 3-13: Grid-Connected DSC PV Market by Application 2014-2021
Exhibit 3-14: Off-Grid DSC PV Market by Application 2014-2021
Exhibit 3-15: Summary of Grid-Connected vs. Off-Grid DSC PV 2014-2021
Exhibit 3-16: Eight-Year Summary of DSC Revenue by Application ($Millions)
Exhibit 3-17: Eight-Year Summary of DSC Power Output by Applications (MWs)
Exhibit 3-18: Eight-Year Summary of DSC Module Area by Application ( Millions Sq. Meters) 
Exhibit 3-19: Eight-Year  DSC Material Market Forecast
Exhibit 3-20: DSC Material Cost Assumptions: 2014 to 2021
Exhibit 4-1: Potential of the Key Pure-Play DSC Firms

NanoMarkets Issues New Report on Dye-Sensitized Cell Photovoltaic Market

Glen Allen, Virginia:  A new report from NanoMarkets titled “Dye-Sensitized Cell Markets –2014,” says that the dye-sensitized cell (DSC) modules market will return to growth and generate revenues of almost $675 million in 2021.  NanoMarkets notes that the industry is facing brighter prospects after a brutal industry shakeout that has taken place in the solar business over the past few years.   Within its report NanoMarkets takes note of capital investments, growth in manufacturing and new applications where DSC makes a reasonable case. NanoMarkets also believes that DSC will now take over many applications where amorphous silicon (a-Si) was the PV technology of choice.  DSC offers the advantages of a-Si but at a lower cost, higher efficiency and the ability to operate well indoors.  

For more details of the report see: http://ntechresearch.com/market_reports/dye_sensitized_cell_markets_2014

About the report:

The solar industry resurgence is leading to more interest in third-generation PV technologies and DSC technology will be a key beneficiary of this trend.  In this report, NanoMarkets assesses the current state of the DSC sector and examines the demand for this power source in portable charging devices, embedded electronics, BIPV, digital signage and other retail applications, sensors, military and automotive applications.

This report draws from NanoMarkets ongoing solar industry research program, but we have also provided a thorough discussion of the latest applications directions, capital investments, performance trends and R&D in the DSC space.  

In addition, this report contains updated eight-year forecasts of DSC modules with breakouts for all the major applications listed above.  For each of these applications projections are provided in revenue ($ million), power (MW) and module area (square meter) terms.  An analysis of the business strategy of each of the major DSC players is also included.

Among the firms that are discussed in this report are:  3G Solar, Analog Devices, BASF, Dyesol, Everlight Chemicals, Exeger, Fujikura, Fujimori Kogyo, G24 Power, Merck, Nissha Printing, Oxford Photovoltaics, Peccell, Pilkington, Samsung, Sharp, Showa Denko, Solaronix, SolarPrint, Sony, Tata, Texas Instruments, Timo Technologies and Umicore.

From the report:

A few years ago it seemed that DSC would not survive commercially.  But we now see growing private investment from all over the world.  DSC is no longer technology that survives on grants from government agencies.  Recent investments have enabled firms such as G24 Power and Exeger to expand their production facilities.  For others investment in DSC has provided them with a means to develop new products and improve cell performance.  Private firms that have made recent direct investments in the DSC business include: Israel Electric, MTI Partners, Ningbo Hauyou Real Estate (China), Parkwalk Advisors, Romande Energie (Switzerland), Tasnee (Saudi Arabia, Wallenstam (Sweden) and the group of private investors that recently refinanced G24 Power in Wales

Many new applications for DSC modules are also being invented, powering sensors and automotive integrated PV (AIPV) among them.   Nonetheless, NanoMarkets says that the DSC business cannot flourish without success in the building integrated PV (BIPV) sector. By 2019, NanoMarkets expects that BIPV will account for 67 percent of revenues.  In addition to high efficiency, DSC panels’ advantage in the BIPV space is that they can easily be fabricated to deliver diverse colors, shapes and transparency.

The materials opportunity in the DSC space will remain quite small although materials for DSC cells will approach $170 million by 2021.  Although many DSC firms have tended to get their materials from small chemical firms that specialize in selling “R&D” quantities of materials, a few large specialty chemical firms are also interested in this space.  These include BASF, Merck and Umicore. Merck in particular has been building DSC partnerships in this space.

While most of the firms active in the DSC space are medium sized firms, the report also notes that there are some giant firms waiting in the wings who could jump in and become industry leaders as the DSC market evolves.  These include Samsung SDI, Sharp and Sony.

About NanoMarkets:

NanoMarkets tracks and analyzes emerging markets in energy, electronics and other area created by developments in advanced materials. The firm is a recognized leader in industry analysis and forecasts of in the solar materials industry.

See more at: 

Visit http://www.nanomarkets.net for a full listing of NanoMarkets' reports and other services.

Contact: 

Robert Nolan 
NanoMarkets 
(804) 938-0030 
rob@nanomarkets.net

posted Feb 19, 2014

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