How big is the Quantum Dot Solar Cell market?

North America has been a pioneer in the field of technological development. Today, the region is one of the key manufacturers and consumers of the quantum dot solar cell market. As per the International Monetary Fund World Economic, North America ranks first in the world in terms of nominal GDP and second in terms of purchasing power in 2018. Its nominal GDP accounted for USD 19.39 trillion in 2017 and is expected to touch USD 24.53 trillion by 2023.

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The Major Players Covered in this Report:
Quantum Material Corporation
Natcore Technologies
QDsolar
Solterra Renewable Technologies
TFQD
Nanosys
NN-Labs
Ocean NanoTech
Avantama
Navillum Nanotechnologies
Crystalplex Corporation
QUANTUM SOLUTIONS
UbiQD
Fraunhofer IAP, & more....

By Type
Metal-semiconductor junction solar cell
Hybrid silicon/Q.D. film (NCs) solar cells
P-i-n structure solar cell
Quantum dot sensitized solar cells

By Application
Commercial
Industrial
Residential
Utility

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Quantum Dot Solar Cell in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Quantum Dot Solar Cell market during the forecast period 2020-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Quantum Dot Solar Cell and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Quantum Dot Solar Cell. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Impact of COVID-19: The world economic order has been thrown open to a curveball after the significant distress and loss in almost every country, owing to the COVID 19 pandemic. Leading economies, such as the U.S. and U.K., were already heading towards protectionist measures by quitting the Trans-Pacific Partnership and Brexit. The COVID-19 scenario has worsened the protectionist crises by weakening of traditional International Coordinating agencies, such as WTO. There is an evident tension amongst economic giants such as the U.S.-China, which can greatly hamper the global supply chain of the solar industry. The raw-materials producing regions such as South East Asia have also seen a dip in their economies due to extended lockdown. The post- COVID19 scenario looks bleak, with the impending rise of inflation, coupled with a fall in demand due to rising unemployment in falling economies.

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