• The United States Graphene Solar Cell market size was valued at US$ 19.7 million in 2024 and is projected to reach US$ 62.3 million by 2030, at a CAGR of 21.1% during the forecast period 2024-2030.
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Report Studies
• The US Graphene Solar Cell market is in its early stages but growing rapidly, driven by intensive research and development efforts, the potential for higher efficiency solar energy conversion, and the promise of flexible, lightweight solar panels. In 2023, total production reached 5.5 MW of capacity, with research and prototype applications accounting for 72% of market value. The market saw a 42% increase in R&D investments for graphene-enhanced perovskite solar cells in 2023, aiming to combine the benefits of both materials. Commercial applications in portable electronics are growing at 53% annually, albeit from a small base. The market is witnessing a trend towards improved manufacturing techniques, with a 47% year-over-year decrease in production costs for graphene-based photovoltaic materials. Adoption in building-integrated photovoltaics (BIPV) grew by 63% in 2023, leveraging the flexibility and transparency of graphene-based solar cells. Leading researchers and manufacturers are focusing on developing large-area graphene solar cells with consistent performance, with a 74% increase in pilot production projects for scaled-up manufacturing. The industry is also seeing increased interest in graphene's potential to enhance the efficiency of multi-junction solar cells, with an 85% rise in collaborative research projects between graphene specialists and traditional solar cell manufacturers.
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• First Solar, Inc. • SolarCity Corporation (acquired by Tesla, Inc.)
• SunPower Corporation • Graphene 3D Lab Inc.
• Grafoid Inc.
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