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.
The automobile industry in the U.S. is one of the biggest in the world. As per The International Trade Administration (ITA), the U.S. Department of Commerce, the total sales of light vehicles were around 17 million units. Furthermore, the total foreign direct investment in the automotive sector reached USD 115 billion in 2018, and investment in R&D activities amounted to USD 105 billion. All these factors present a favorable ground for the growth of the quantum dot solar cells use in electric vehicles and various other new solar cell technologies embedded in automobiles. Furthermore, the increase in the space programs by government entities, such as NASA, and private players, such as Tesla, are further creating upswings for the market growth in the region.
Got questions about your regional growth of
Quantum Dot Solar Cell Market?
Just drop us a line or call on +1 646 480 7505
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.
Quantum Dot Solar Cell Market: Segmentation
Central and South America and the Caribbean
The Middle East
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now