The Global Printable Solar Cell Market and the Sustainable Development Goals (SDGs)
Introduction
The global demand for clean and renewable energy sources is growing rapidly. As the world becomes more aware of the dangers of climate change, governments and businesses alike are investing in sustainable energy solutions. One of the most promising developments in this field is the printable solar cells market.
What are Printable Solar Cells?
Printable solar cells, also known as printed solar cells, are a type of solar technology that can be produced using printing techniques. These solar cells are made from materials such as organic polymers or inorganic compounds, which can be deposited in thin layers onto flexible substrates such as plastic, metal, or paper. The printing process can be carried out using various techniques such as screen printing, inkjet printing, or roll-to-roll printing.
Printable solar cells have several advantages over traditional silicon solar cells. They are lightweight, flexible, and can be produced in large quantities using cost-effective printing techniques. This makes them particularly useful for applications such as portable electronic devices, building-integrated photovoltaics, and outdoor advertising.
However, printable solar cells currently have lower efficiency compared to traditional silicon solar cells, which limits their commercial viability for larger-scale energy production. Nevertheless, ongoing research and development in the field of printable solar cells are expected to improve their efficiency and performance in the coming years.
Market Overview
The global printable solar cells market is expected to grow significantly over the next few years. The market is expected to grow from $28.08 billion in 2022 to $40 billion by 2030, with a compound annual growth rate of 4.01%. Rising demand for electricity owing to surging population across the globe is expected to propel the growth of the market. Moreover, the capability of printable cells to provide electricity in residential and commercial areas is also proliferating the market share. Increasing advancement of technology along with surging research and development activities triggers the potential growth of the industry.
One of the key drivers of this growth is the increasing demand for renewable energy sources. As governments around the world set ambitious targets for reducing carbon emissions, the need for affordable and efficient solar technology is greater than ever. Printable solar cells offer a cost-effective and scalable solution to this problem.
Another factor driving the growth of the printable solar cells market is the rapid advancement of printing technology. As printing techniques continue to improve, it is becoming increasingly easy and cost-effective to produce high-quality printable solar cells. This, in turn, is making the technology more accessible to businesses and consumers alike.
Applications of Printable Solar Cells
The applications of printable solar cells are vast and varied. One of the most promising is in the field of portable electronics. By integrating printable solar cells into devices like smartphones and laptops, manufacturers can extend battery life and reduce the need for charging. Printable solar cells can also be used in outdoor clothing and accessories, allowing wearers to generate their own electricity on the go.
In addition, printable solar cells can be used in large-scale power generation projects. By printing solar cells onto flexible materials like fabric or plastic, it is possible to create solar panels that can be easily transported and installed in remote or difficult-to-access locations. This makes printable solar cells an ideal solution for off-grid communities and developing countries.
Growing penetration towards environmental concern due to increasing usage of fossil fuels. The harmful effects due to the extensive usage of fossil fuel such as depletion of ozone layer is shifting the market towards renewable resources. Solar energy has been proven effective in reducing the carbon impression on climate and also alleviates the additional cost.
Printable solar cells can draw energy from a variety of sources, including walls, rolling blinds, cover umbrellas, drapes, and tents. These programs are intended to provide extra electrical capability to both private residences and public buildings around the world. The market for printable solar-driven cells is anticipated to benefit from these factors sooner rather than later. Due to their low-cost edge over conventional silicon cells, it is predicted that the growth of the global solar industry will increase interest in printable solar-oriented cells. However, a rise in demand for affordable solar-based power components, such as solar-powered devices, is anticipated to drive the market for printable solar-oriented cells.
Regional Analysis
Based on regions, the market is segmented into Middle East, Asia Pacific, Africa, Latin America, North America, and Europe. Asia Pacific accounted for the largest share in the overall global printable solar cells market. North America is expected to grow significantly owing to increasing penetration towards solar energy. Surging urbanization and industrialization in the Middle East and Africa are also anticipated to propel the growth of the market. The US, Germany, and UK are also expected to gain significant growth during the forecast period.
COVID-19 Impact
The outbreak of the coronavirus pandemic has adversely affected the growth of the market owing to the stringent regulations imposed by the government. The spread of the deadly virus has declined the demand for printable solar cells owing to the decline in demand from buildings and businesses. The lockdown imposed by the government in various economies led to shutting down of various commercial units.
Conclusion
In conclusion, the printable solar cells market is a rapidly growing and exciting field. As the world continues to shift towards sustainable energy sources, printable solar cells offer a cost-effective and scalable solution. With advances in printing technology and increasing demand for renewable energy, the future of printable solar cells looks bright.
Key Developments
- August 2019: Meyer Burger, a Swiss design company, sold the first equipment for manufacturing solar-powered cells to Oxford PV, a UK-based perovskite expert company.
- Inkjet-printed perovskite solar cells were officially launched as a commercial product range in February 2019 by Saule Technologies.
- LONGi and Swedish businessman Senergia entered into a joint agreement in April 2020 for the stockpile of 9.2 MW of its Hi-MO4 modules.
- JA Solar introduced new Ga-doped wafer-based panels in March 2020.
- Canadian Solar announced the start of the construction of two solar-powered electricity projects in Japan in February 2020.
Major Players
The major players operating in the printable solar cell market are Nanosolar Corporation, InfinityPVApS, E. I. du Pont de Nemours and Company, Triton Solar LLC, JinkoSolar (China), JA Solar (China), Trina Solar (China), LONGi (China), and Canadian Solar (Canada).
By Technology
SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 7: Affordable and Clean Energy | 7.2: Increase the share of renewable energy in the global energy mix | The growth of the printable solar cells market indicates an increasing demand for renewable energy sources. |
| SDG 9: Industry, Innovation, and Infrastructure | 9.4: Upgrade infrastructure and retrofit industries to make them sustainable | The development of printable solar cells as a cost-effective and scalable solution for renewable energy contributes to sustainable infrastructure and industries. |
| SDG 11: Sustainable Cities and Communities | 11.6: Reduce the environmental impact of cities | The use of printable solar cells in building-integrated photovoltaics can help reduce the environmental impact of cities by generating clean energy. |
| SDG 13: Climate Action | 13.2: Integrate climate change measures into national policies, strategies, and planning | The adoption of printable solar cells as a sustainable energy solution aligns with efforts to mitigate climate change. |
1. Which SDGs are addressed or connected to the issues highlighted in the article?
The issues highlighted in the article are connected to the following SDGs:
– SDG 7: Affordable and Clean Energy
– SDG 9: Industry, Innovation, and Infrastructure
– SDG 11: Sustainable Cities and Communities
– SDG 13: Climate Action
2. What specific targets under those SDGs can be identified based on the article’s content?
Based on the article’s content, the following specific targets can be identified:
– Target 7.2: Increase the share of renewable energy in the global energy mix
– Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable
– Target 11.6: Reduce the environmental impact of cities
– Target 13.2: Integrate climate change measures into national policies, strategies, and planning
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
Yes, there are indicators mentioned or implied in the article that can be used to measure progress towards the identified targets. For example:
– The growth of the printable solar cells market indicates an increasing demand for renewable energy sources, which aligns with Target 7.2.
– The development of printable solar cells as a cost-effective and scalable solution for renewable energy contributes to sustainable infrastructure and industries, supporting Target 9.4.
– The use of printable solar cells in building-integrated photovoltaics can help reduce the environmental impact of cities by generating clean energy, which relates to Target 11.6.
– The adoption of printable solar cells as a sustainable energy solution aligns with efforts to mitigate climate change, reflecting Target 13.2.
4. Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 7: Affordable and Clean Energy | 7.2: Increase the share of renewable energy in the global energy mix | The growth of the printable solar cells market indicates an increasing demand for renewable energy sources. |
| SDG 9: Industry, Innovation, and Infrastructure | 9.4: Upgrade infrastructure and retrofit industries to make them sustainable | The development of printable solar cells as a cost-effective and scalable solution for renewable energy contributes to sustainable infrastructure and industries. |
| SDG 11: Sustainable Cities and Communities | 11.6: Reduce the environmental impact of cities | The use of printable solar cells in building-integrated photovoltaics can help reduce the environmental impact of cities by generating clean energy. |
| SDG 13: Climate Action | 13.2: Integrate climate change measures into national policies, strategies, and planning | The adoption of printable solar cells as a sustainable energy solution aligns with efforts to mitigate climate change. |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: altenergymag.com
Join us, as fellow seekers of change, on a transformative journey at https://sdgtalks.ai/welcome, where you can become a member and actively contribute to shaping a brighter future.
