India Perovskite Solar Cell Market Size & Outlook, 2025-2030
The perovskite solar cell market in India is expected to reach a projected revenue of US$ 580.1 million by 2030. A compound annual growth rate of 73.5% is expected of India perovskite solar cell market from 2025 to 2030.
- Energy & Power
- Power Distribution
- Perovskite Solar Cell Market Outlook
- Power Distribution
Revenue, 2024 (US$M)
$20.9
Forecast, 2030 (US$M)
$580.1
CAGR, 2025 - 2030
73.5%
Report Coverage
India
Global Market
Related Markets
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India perovskite solar cell market highlights
- The India perovskite solar cell market generated a revenue of USD 20.9 million in 2024 and is expected to reach USD 580.1 million by 2030.
- The India market is expected to grow at a CAGR of 73.5% from 2025 to 2030.
- In terms of segment, utility was the largest revenue generating vertical in 2024.
- Residential is the most lucrative vertical segment registering the fastest growth during the forecast period.
Perovskite solar cell market data book summary
| Market revenue in 2024 | USD 20.9 million |
| Market revenue in 2030 | USD 580.1 million |
| Growth rate | 73.5% (CAGR from 2025 to 2030) |
| Largest segment | Utility |
| Fastest growing segment | Residential |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aerospace & Defense, Industrial, Commercial, Residential, Utility |
| Key market players worldwide | Energy Metals Ltd, Takeda Pharmaceutical Co Ltd, Oxford PV, Panasonic Holdings Corp |
Other key industry trends
- In terms of revenue, India accounted for 7.9% of the global perovskite solar cell market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China perovskite solar cell market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 580.1 million by 2030.
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Publish Date: Apr 13, 2026
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Perovskite Solar Cell Market Scope
Perovskite Solar Cell Market segmentation & scope
Perovskite Solar Cell Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Panasonic Holdings Corp | View profile | 230,025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | holdings.panasonic |
| FUJIFILM Holdings Corp | View profile | 83,784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | www.fujifilmholdings.com |
| Takeda Pharmaceutical Co Ltd | View profile | 49,095 | 1-1, Nihonbashi-Honcho 2-Chome, Chuo-ku, Tokyo, Japan, 103-8668 | www.takeda.com |
| Energy Metals Ltd | View profile | - | 5 Ord Street, Level 2, West Perth, WA, Australia, 6005 | www.energymetals.net |
| Oxford PV | View profile | 51-100 | Oxford, Oxfordshire, United Kingdom, Europe | www.oxfordpv.com/ |
| Alfa Aesar | View profile | 501-1000 | Haverhill, Massachusetts, United States, North America | www.alfa.com/ |
| Microquanta | View profile | 101-250 | Hangzhou, Zhejiang, China, Asia | www.microquanta.com/ |
| Greatcell Solar | View profile | 51-100 | Queanbeyan, New South Wales, Australia, Oceania | www.greatcellsolar.com/ |
| G24 Power | View profile | 101-250 | Newport, Newport, United Kingdom, Europe | gcell.com/ |
| Frontier Energy | View profile | 101-250 | Oakland, California, United States, North America | frontierenergy.com/ |
India Perovskite Solar Cell Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Perovskite Solar Cell Market Outlook will help companies and investors design strategic landscapes.
Utility was the largest segment with a revenue share of 58.37% in 2024.
Horizon Databook has segmented the India perovskite solar cell market based on aerospace & defense, industrial, commercial, residential, utility covering the revenue growth of each sub-segment from 2018 to 2030.
- India Perovskite Solar Cell Market Vertical Outlook (Revenue, USD Million , 2018-2030)
- Aerospace & Defense
- Industrial
- Commercial
- Residential
- Utility
- India Perovskite Solar Cell Market Application Outlook (Revenue, USD Million , 2018-2030)
- Smart Glass
- Solar Panel
- BIPV
- Others
- India Perovskite Solar Cell Market Product Outlook (Revenue, USD Million , 2018-2030)
- Rigid
- Flexible
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Horizon Databook provides a detailed overview of country-level data and insights on the India Perovskite Solar Cell Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Perovskite Solar Cell Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
India Perovskite Solar Cell Market, 2018-2030 (US$M)
India perovskite solar cell market statistics, by vertical, 2018-2030 (US$M)
