The Material for Next Generation Photovoltaics Market size was valued at USD 19.98 Billion in 2025 and the total Material for Next Generation Photovoltaics revenue is expected to grow at a CAGR of 7.5% from 2025 to 2032, reaching nearly USD 33.16 Billion by 2032.Material for Material for Next Generation Photovoltaics Market Introduction
In recent years, photovoltaic cell technology has grown extraordinarily as a sustainable source of energy, as a consequence of the increasing concern over the impact of fossil fuel-based energy on global warming and climate change. It is estimated that global energy consumption will increase by ~50% by 2040. Today, 80% of the world’s energy supply is derived from fossil fuels (coal, oil, and gas).To Know About The Research Methodology :- Request Free Sample Report
Material for Material for Next Generation Photovoltaics Market Dynamics
Solar energy cannot be practically considered as a large-scale energy source. Renewable energy cannot compete with conventional sources due to low energy conversion rates in comparison with conventional fuels. The growing demand for commercial renewable energy techniques and increasing fossil fuel prices are the major factors attracting investment in the next-generation photovoltaic market. The high initial costs of photovoltaic cells and low conversion efficiency make this technology incompetent when compared to conventional sources of energy generation. The manufacturers of thin PV cells are looking for alternatives other than cadmium telluride, which is generally used in the manufacturing process of thin cells. Copper indium gallium selenide solar cells are a major discovery that is being developed for wide adoption by next-generation thin-film solar manufacturers. The high initial costs incurred while testing next-generation photovoltaic technology are a major restraint impacting the further growth of the market.Material for Material for Next Generation Photovoltaics Market Segment Analysis
Quantum dot (QD) has emerged as a promising agent in the field of solar energy conversion due to its distinct size-dependent optoelectronic characteristics. Considering the need for providing a large amount of electricity, low-cost PV techniques are urgently required. In order to meet cost and performance targets, the emerging third-generation PVs including dye-sensitized solar cells (DSSCs), perovskite solar cells (PSCs), organic photovoltaic (OPV) and quantum-dot sensitized solar cells (QDSSCs) have been introduced. The main features of the third-generation PVs are simple manufacturing, low cost, and high performance. Quantum dots have long been considered one of the most promising materials for use in next-generation solar cells. Quantum dots have excellent light absorbance and are capable of absorbing light over a wide range of wavelengths. Hence, they have gained expectations as a key material for the next generation photovoltaic devices. With the potential for significantly increased efficiencies at a fraction of the price of current devices, quantum dots could help revolutionize photovoltaics in a world where the demand for renewable energy has never been greater.Material for Material for Next Generation Photovoltaics Market Regional Insights
Europe is expected to be a major segment for the next generation photovoltaic market owing to stringent environmental regulations enforced by national governments of many nations in this region. North America is also anticipated to be one of the key regions to invest in this market. Several research institutes in this region have invested substantial amounts for commercially developing solar technology. The growing energy needs of the Asia Pacific region will provide further growth opportunities to the next generation photovoltaic market.Material for Next Generation Photovoltaics Market Report Scope: Inquire before buying
Global Material for Next Generation Photovoltaics Market Report Coverage Details Base Year: 2025 Forecast Period: 2026-2032 Historical Data: 2020 to 2025 Market Size in 2025: USD 19.98 Bn. Forecast Period 2026 to 2032 CAGR: 7.5% Market Size in 2032: USD 33.16 Bn. Segments Covered: by Material Polycrystalline Silicon Monocrystalline Silicon Cadmium Telluride Copper Indium Gallium Selenide (CIGS) Others by Nanomaterial Nanowires Quantum Dots Graphene Material for Next Generation Photovoltaics Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Material for Next Generation Photovoltaics Market, Key Players are:
1. University of Texas 2. General Electric Company 3. Bayern Innovativ GmbH. 4. CSIRO Solar Technologies 5. Sunshot 6. Abound Solar 7. 5N Plus 8. Pilkington 9. Ion Edge Corp 10. MBI Corp 11. First Solar Inc. 12. Polysolar Limited 13. CHOSE Centre for Hybrid and Organic Solar Energy 14. LEADRIVE 15. Fotovoltaica UFSCFrequently Asked Questions:
1. Which region has the largest share in Global Material for Next Generation Photovoltaics Market? Ans: Europe region held the highest share in 2025. 2. What is the growth rate of Global Material for Next Generation Photovoltaics Market? Ans: The Global Material for Next Generation Photovoltaics Market is growing at a CAGR of 7.5% during forecasting period 2026-2032. 3. What is scope of the Global Material for Next Generation Photovoltaics Market report? Ans: Global Material for Next Generation Photovoltaics Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Material for Next Generation Photovoltaics Market? Ans: The important key players in the Global Material for Next Generation Photovoltaics Market are – University of Texas, General Electric Company, Bayern Innovativ GmbH., CSIRO Solar Technologies, Sunshot, Abound Solar, 5N Plus, Pilkington, Ion Edge Corp, MBI Corp, First Solar Inc., Polysolar Limited, CHOSE Centre for Hybrid and Organic Solar Energy, LEADRIVE, Fotovoltaica UFSC. 5. What is the study period of this Market? Ans: The Global Material for Next Generation Photovoltaics Market is studied from 2025 to 2032.
Global Material for Material for Next Generation Photovoltaics Market
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Material for Next Generation PhotovoltaicsMarket Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Material for Next Generation PhotovoltaicsMarket 3.4. Geographical Snapshot of the Material for Next Generation PhotovoltaicsMarket, By Manufacturer share 4. Global Material for Next Generation PhotovoltaicsMarket Overview, 2025-2032 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Material for Next Generation PhotovoltaicsMarket 5. Supply Side and Demand Side Indicators 6. Global Material for Next Generation PhotovoltaicsMarket Analysis and Forecast, 2025-2032 6.1. Global Material for Next Generation Photovoltaics Market Size & Y-o-Y Growth Analysis. 7. Global Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 7.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 7.1.1. Polycrystalline Silicon 7.1.2. Monocrystalline Silicon 7.1.3. Cadmium Telluride 7.1.4. Copper Indium Gallium Selenide (CIGS) 7.1.5. Others) 7.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 7.2.1. Nanowires 7.2.2. Quantum Dots 7.2.3. Graphene 8. Global Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2025-2032 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 9.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 9.1.1. Polycrystalline Silicon 9.1.2. Monocrystalline Silicon 9.1.3. Cadmium Telluride 9.1.4. Copper Indium Gallium Selenide (CIGS) 9.1.5. Others 9.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 9.2.1. Nanowires 9.2.2. Quantum Dots 9.2.3. Graphene 10. North America Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2025-2032 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 11.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 11.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 12. Canada Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 12.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 12.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 13. Mexico Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 13.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 13.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 14. Europe Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 14.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 14.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 15. Europe Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2025-2032 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 16.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 16.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 17. France Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 17.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 17.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 18. Germany Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 18.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 18.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 19. Italy Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 19.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 19.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 20. Spain Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 20.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 20.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 21. Sweden Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 21.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 21.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 22. CIS Countries Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 22.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 22.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 23. Rest of Europe Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 23.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 23.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 24. Asia Pacific Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 24.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 24.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 25. Asia Pacific Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2025-2032 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 26.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 26.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 27. India Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 27.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 27.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 28. Japan Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 28.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 28.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 29. South Korea Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 29.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 29.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 30. Australia Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 30.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 30.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 31. ASEAN Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 31.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 31.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 32. Rest of Asia Pacific Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 32.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 32.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 33. Middle East Africa Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 33.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 33.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 34. Middle East Africa Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2025-2032 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 35.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 35.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 36. GCC Countries Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 36.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 36.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 37. Egypt Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 37.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 37.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 38. Nigeria Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 38.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 38.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 39. Rest of ME&A Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 39.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 39.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 40. South America Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 40.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 40.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 41. South America Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2025-2032 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 42.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 42.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 43. Argentina Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 43.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 43.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 44. Rest of South America Material for Next Generation PhotovoltaicsMarket Analysis and Forecasts, 2025-2032 44.1. Market Size (Value) Estimates & Forecast By Material, 2025-2032 44.2. Market Size (Value) Estimates & Forecast By Nanomaterial, 2025-2032 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Material for Next Generation PhotovoltaicsMarket 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. University of Texas 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. General Electric Company 45.3.3. Bayern Innovativ GmbH. 45.3.4. CSIRO Solar Technologies 45.3.5. Sunshot 45.3.6. Abound Solar 45.3.7. 5N Plus 45.3.8. Pilkington 45.3.9. Ion Edge Corp 45.3.10. MBI Corp 45.3.11. First Solar Inc. 45.3.12. Polysolar Limited 45.3.13. CHOSE Centre for Hybrid and Organic Solar Energy 45.3.14. LEADRIVE 45.3.15. Fotovoltaica UFSC 46. Primary Key Insights
