Transparent solar cells, also known as see-through solar cells or clear solar cells, are a type of photovoltaic (PV) technology that allows light to pass through them while simultaneously converting sunlight into electricity. Unlike traditional opaque solar panels, transparent solar cells have the potential to be integrated into various transparent surfaces, such as windows, facades, screens, and other see-through materials, enabling solar energy generation without compromising the aesthetics or functionality of the underlying structure. The key factors driving the market growth is rising demand for renewable energy, growing consumer awareness positively impacting the transparent solar cell and growing awareness and environmental concerns that are anticipated to support the market growth during the forecast period 2023-2030.
Moreover, the rising government investment in the development of renewable energy infrastructure is anticipated to support the market growth. For instance, In Sept. 2021, The United States Department of Agriculture announced plans to invest USD 464 million to create or expand renewable energy infrastructure to help rural communities, agricultural producers, and businesses cut energy costs in 48 states and Puerto Rico. The USDA supported USD 129 million of these projects under the Rural Electricity for America Programme. This programme offers assistance to support the purchase and installation of renewable energy systems as well as improvements to energy efficiency for rural small enterprises and agricultural producers. Additionally, supportive government initiatives for the development of smart city projects and growing strategic partnership & collaboration with industries are anticipated to create a lucrative opportunity for the market during the forecast period. However, the high production cost stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Transparent Solar Cells Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing demand for renewable energy, supportive government incentives and policies, growing building integrated photovoltaics (BIPV), and growing consumer awareness and corporate sustainability goals. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the increasing energy demand, cohesive government incentives and policies, growing environmental awareness, and rising investment in renewable energy in the region.
Major market player included in this report are:
- Ubiquitous Energy, Inc.
- Onyx Solar Group LLC
- EnergyGlass
- Polysolar Ltd
- Xiamen Solar First Energy Technology Co., Ltd.
- Heliatek GmbH
- Brite Solar
- Sharp Corporation
- SolarScape Enterprises LLP
- Physee Technologies
Recent Developments in the Market:
- In July 2021, Swiss research institution Agroscope and energy company Romande Energie are constructing an agrivoltaic project in Conthey, canton of Valais, Switzerland, with the supporting of the Swiss Federal Office of Energy (SFOE). The project was built using unique transparent concentrator PV panels supplied by Swiss firm Insolight. The Theia (Translucency and High Efficiency in Agrivoltaics) modules have a 30% efficiency rating and are estimated to allow up to 78% of sunlight through.
Global Transparent Solar Cells Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Cell Type, Transparency Type, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Cell Type:
- Thin-Film Photovoltaics (TPV)
- Polymer Solar Cell
- Others
By Transparency Type:
By Application:
- Building Integrated Photovoltaics (BIPV)
- Automobile
- Consumer Electronics
- Others
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Transparent Solar Cells Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Transparent Solar Cells Market, by Cell Type, 2020-2030 (USD Billion)
- 1.2.3. Transparent Solar Cells Market, by Transparency Type, 2020-2030 (USD Billion)
- 1.2.4. Transparent Solar Cells Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Transparent Solar Cells Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Transparent Solar Cells Market Dynamics
- 3.1. Transparent Solar Cells Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising demand for renewable energy
- 3.1.1.2. Growing awareness and environmental concerns
- 3.1.1.3. Rising government investment for the development of renewable energy infrastructure
- 3.1.2. Market Challenges
- 3.1.2.1. High production cost
- 3.1.3. Market Opportunities
- 3.1.3.1. Supportive government initiatives for the development of smart cities projects
Chapter 4. Global Transparent Solar Cells Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Transparent Solar Cells Market, by Cell Type
- 5.1. Market Snapshot
- 5.2. Global Transparent Solar Cells Market by Cell Type, Performance - Potential Analysis
- 5.3. Global Transparent Solar Cells Market Estimates & Forecasts by Cell Type 2020-2030 (USD Billion)
- 5.4. Transparent Solar Cells Market, Sub Segment Analysis
- 5.4.1. Thin-Film Photovoltaics (TPV)
- 5.4.2. Polymer Solar Cell
- 5.4.3. Others
Chapter 6. Global Transparent Solar Cells Market, by Transparency Type
- 6.1. Market Snapshot
- 6.2. Global Transparent Solar Cells Market by Transparency Type, Performance - Potential Analysis
- 6.3. Global Transparent Solar Cells Market Estimates & Forecasts by Transparency Type 2020-2030 (USD Billion)
- 6.4. Transparent Solar Cells Market, Sub Segment Analysis
- 6.4.1. Partial
- 6.4.2. Full
Chapter 7. Global Transparent Solar Cells Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Transparent Solar Cells Market by Application, Performance - Potential Analysis
- 7.3. Global Transparent Solar Cells Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4. Transparent Solar Cells Market, Sub Segment Analysis
- 7.4.1. Building Integrated Photovoltaics (BIPV)
- 7.4.2. Automobile
- 7.4.3. Consumer Electronics
- 7.4.4. Others
Chapter 8. Global Transparent Solar Cells Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Transparent Solar Cells Market, Regional Market Snapshot
- 8.4. North America Transparent Solar Cells Market
- 8.4.1. U.S. Transparent Solar Cells Market
- 8.4.1.1. Cell Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Transparency Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Transparent Solar Cells Market
- 8.5. Europe Transparent Solar Cells Market Snapshot
- 8.5.1. U.K. Transparent Solar Cells Market
- 8.5.2. Germany Transparent Solar Cells Market
- 8.5.3. France Transparent Solar Cells Market
- 8.5.4. Spain Transparent Solar Cells Market
- 8.5.5. Italy Transparent Solar Cells Market
- 8.5.6. Rest of Europe Transparent Solar Cells Market
- 8.6. Asia-Pacific Transparent Solar Cells Market Snapshot
- 8.6.1. China Transparent Solar Cells Market
- 8.6.2. India Transparent Solar Cells Market
- 8.6.3. Japan Transparent Solar Cells Market
- 8.6.4. Australia Transparent Solar Cells Market
- 8.6.5. South Korea Transparent Solar Cells Market
- 8.6.6. Rest of Asia Pacific Transparent Solar Cells Market
- 8.7. Latin America Transparent Solar Cells Market Snapshot
- 8.7.1. Brazil Transparent Solar Cells Market
- 8.7.2. Mexico Transparent Solar Cells Market
- 8.8. Middle East & Africa Transparent Solar Cells Market
- 8.8.1. Saudi Arabia Transparent Solar Cells Market
- 8.8.2. South Africa Transparent Solar Cells Market
- 8.8.3. Rest of Middle East & Africa Transparent Solar Cells Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Ubiquitous Energy, Inc.
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Onyx Solar Group LLC
- 9.3.3. EnergyGlass
- 9.3.4. Polysolar Ltd
- 9.3.5. Xiamen Solar First Energy Technology Co., Ltd.
- 9.3.6. Heliatek GmbH
- 9.3.7. Brite Solar
- 9.3.8. Sharp Corporation
- 9.3.9. SolarScape Enterprises LLP
- 9.3.10. Physee Technologies
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption