The need for solar energy, on account of the soaring pollution and global warming levels and increasing carbon emissions throughout the world, due to the widespread use of fossil fuels for energy generation, is rising. The other reason behind the surging demand for such devices across the world are the rising government initiatives and policies aimed at promoting the generation of solar power, to make its price reach parity with the power generated from non-renewable sources such as fossil fuels.
Browse detailed report - Dye-Sensitized Solar Cells Market Analysis and Demand Forecast Report
The fastest growth in the adoption of these cells is expected to be observed in the Asia-Pacific (APAC) region in the coming years. This is mainly attributed to the growing utilization of these cells in BIPVs, BAPVs, and portable charging systems, in various countries in APAC. Moreover, the rising number of government policies in India, China, Vietnam, and Thailand, aimed at promoting the generation of solar energy, is predicted to further boost the adoption of dye-sensitized solar cells in the region.
Hence, it can be concluded that on account of the massive rise in global pollution levels and the resultant increase in the production of solar energy, the demand for dye-sensitized PV cells will witness a huge surge in the coming years.