India, July 10 -- In 2024, the global market size of Perovskite Solar Cells was estimated to be worth USD 968 million. It is forecast to reach approximately USD 10210 million by 2031 with a CAGR of 40.6% during the forecast period 2025-2031.

Major factors driving growth

The Perovskite Solar Cells Market is rapidly evolving as a competitive segment within the broader photovoltaic landscape. Offering a compelling mix of high efficiency, design flexibility, and cost advantages, perovskite technology is attracting attention from startups, research institutions, and established energy players.

Its expanding applications across rigid, flexible, and BIPV formats are transforming energy generation possibilities for urban, rural, and mobile sce...