According to Cognitive Market Research, the global Perovskite Solar Cell market size will be USD 284.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 69.80% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 113.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 68.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 85.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 65.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 71.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 14.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 69.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 5.69 million in 2024 and will grow at a compound annual growth rate (CAGR) of 69.5% from 2024 to 2031.
The Solar panels are the dominant category in the perovskite solar cell market due to their widespread adoption and established infrastructure.
