Your browser is not supported. Please update it.
September 17, 2024

Perovskite Solar Forecast to 2040 – The perovskite revolution will slash costs and increase power output in every segment of the solar industry

Rethink Energy’s Perovskite Forecast to 2040 is the culmination of 4 years of extensively tracking developments in the perovskite market.

The report finds that perovskite solar modules are set to reach GW-scale manufacturing from 2028, taking over the entire industry by 2040. Today we see a constant stream of trial commercial shipments, and that tandem modules have reached parity with silicon on lifetime power output with huge room for further upgrades on lifespan and efficiency. 

This means that solar’s price declines and quality improvements haven’t reached a plateau the solar levelized cost of electricity (LCOE) is going to keep improving through 2040 and beyond.

It will take many years of manufacturing expansions to catch up with the scale of the general solar industry – but specific market segments will be transformed or even created by perovskites, in particular rooftop solar.  

Tandem modules, combining silicon and perovskite layers to reach both higher efficiencies and higher lifetime power output values than conventional silicon can achieve will be big in the US, with tariffs and subsidies helping the new technology to be adopted in the face of China’s ultra-cheap products. And tandems will become the dominant form of solar manufacturing worldwide in the 2030s – replacing and assimilating the silicon industry.

Perovskite Solar Forecast to 2040, includes:
  • 30 page PDF report, illustrated with graphs and charts
  • XLS dataset: Installation Scale; Lifespan & Efficiency; and Module Types & Manufacturing
Companies Mentioned:  

First Solar, GCL Systems Integration, Utmolight, Microquanta, Caelux, Oxford PV, Hanwha Q Cells, Jinko Solar, Swift Solar, Meyer Burger, Saule Technologies, Halocell, Borealis Group, Energy Materials Corporation, Saule Technologies, Power Roll, Cosmos Innovation

Make an online purchase here, or
Contact our team to discuss a purchase
  • Download Executive Summary
    Please fill your email address

A subscription is required to read this content.
Contact us  to learn more about subscribing.


Rethink Energy Research

Rethink Energy forecasts the changing energy landscape and its investment possibilities, as renewables begin to take over from conventional fossil fuels