Technology research and market intelligence company IDTechEx has explored the perovskite PV market, forecasting that annual perovskite PV revenue will reach almost US$12 billion by 2035.
IDTechEx also sees perovskite/silicon tandem solar panels as "the most significant opportunity for this sector" and "are overall anticipated to dominate the perovskite PV market". Their similar mechanical properties to single-junction silicon solar, whilst achieving higher PCEs, makes them particularly suited for traditional solar applications, including solar farms and rooftop application.
As first-generation solar technologies reach end-of-life around 2030 and beyond, IDTechEx sees it likely that an increase in uptake of perovskite/silicon tandem solar will be seen, especially as costs lower significantly with economies of scale.
The higher power output per unit area for perovskite/silicon tandem solar cells, with a comparative price to silicon solar, makes them significantly attractive to utility providers, industry, and consumers, where technology and price optimization are imperative.
