Dye-Sensitized Solar Cells Market Share

On the basis of geographical analysis, the global dye-sensitized solar cells market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Europe industry is predicted to account for largest revenue share by 2037, impelled by initiatives by European Commission to reduce dependence on non-renewable energy sources, and high rate of installation of dye-sensitized solar cells in BIPV. In addition, rise in use of portable electronics is also expected to boost the growth of the market in the region in the coming years. Moreover, the market in North America is also anticipated to grab notable share during the forecast period owing to the increasing demand for energy, and trend of sustainable power development in the region. As per the U.S. Energy Information Administration, 35.74 quadrillion Btu of electric power was consumed in 2020, whereas total energy consumption was around 93 quadrillion Btu that year.