Dye Sensitized Solar Cell Market To Reach $325.3 Million By 2030

Dye Sensitized Solar Cell Market Growth & Trends

The global dye sensitized solar cell market size is estimated to reach USD 325.3 million by 2030, registering to grow at a CAGR of 12.2% from 2025 to 2030 according to a new report by Grand View Research, Inc. Increasing concerns regarding the negative environmental impacts, along with fossil fuel-based electricity generation farms, are projected to drive the global market.

Government authorities in numerous countries have been encouraging to generate power through renewable sources of energy. Favorable government initiatives to promote off-grid solar power farms, mainly in the developed countries of North America and Europe, are also projected to have a positive impact on market growth.

Thin-film photovoltaics are progressively being used for portable battery charging solutions, which include solar chargers, wireless keyboards, and solar bags, owing to their capability to provide optimal wattage in such applications.

Incentives are being provided by the European government, such as feed-in tariffs, tax relief, and cost subsidies, to promote renewable sources of energy. Moreover, the high cost to performance ratio is estimated to positively influence the market growth. Increasing research and development activities in this field are likely to lead to the commercialization of on-grid dye sensitized solar cell (DSSC) units. Presently, dye sensitized solar cells have high penetration in applications, such as BIPV and portable charging. Increasing concerns regarding pollution caused due to the usage of non-renewable energy sources are expected to boost market growth over the forecast period.

Asia Pacific dye sensitized solar cell market is expected to register the fastest CAGR of 13.3% in the forecast period. Favorable government initiatives in countries, such as India, Taiwan, and China, to supply power to rural places have encouraged the governing bodies to deploy off-grid systems using renewable sources of energy. Rapid expansion, along with increasing product demand in portable electronic products, including mobile phones and portable chargers, is projected to boost the penetration of dye sensitized solar cells in the region. 

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Dye Sensitized Solar Cell Market Report Highlights

• The portable charging segment dominated the market and accounted for a share of 37.9% in 2024.

• Europe dye sensitized solar cell market dominated the global market with a revenue share of 37.9% in 2024.

• The BIPV/BAPV application segment is expected to expand at the fastest CAGR during the forecast period.

Dye Sensitized Solar Cell Market Segmentation

Grand View Research has segmented the global dye sensitized solar cell market based on application and region:

Dye Sensitized Solar Cell Application Outlook (Revenue, USD Million, 2018 - 2030)

• Portable Charging

• BIPV/BAPV

• Embedded Electronics

• AIPV

• Outdoor Advertising

• Others

Dye Sensitized Solar Cell Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

• Middle East & Africa

List of Key Players in Dye Sensitized Solar Cell Market

• Fujikura Ltd.

• Solaronix SA

• Dyenamo AB

• Ricoh

• SHARP CORPORATION

• DYESOL COLOR WORKS PVT. LTD.

• Peccell Technologies, Inc.

• National Institute for Materials Science

• Commonwealth Scientific and Industrial Research Organisation (CSIRO)

• Everlight Chemical Industrial Co.

• Nissha Co., Ltd.

• Exeger Operations AB