North America to Show Considerable Growth in the Quantum Dot Solar Cell Market during the Forecast Period

Wed, 23 September 2020 12:26

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.

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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.

Key Players

  • Quantum Material Corporation
  • Natcore Technologies
  • QDsolar
  • Solterra Renewable Technologies
  • TFQD  
  • Nanosys
  • NN-Labs
  • Ocean NanoTech
  • Avantama
  • Navillum Nanotechnologies
  • Crystalplex Corporation
  • UbiQD
  • Fraunhofer IAP

Quantum Dot Solar Cell Market: Segmentation

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

By Region

North America

  • The U.S.
  • Canada
  • Mexico


  • Germany 
  • France
  • Italy
  • The U.K.
  • The Rest of Europe


  • China 
  • India
  • Japan
  • South Korea
  • Australia
  • The Rest of APAC

Central and South America and the Caribbean 

  • Brazil
  • Argentina
  • Colombia
  • The Rest of Central and South America and the Caribbean 

The Middle East

  • Saudi Arabia
  • The UAE
  • Qatar
  • Oman
  • Turkey
  • The Rest of the Middle East


  • Nigeria
  • South Africa
  • The Rest of Africa

" 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 Periods

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