A new report from NanoMarkets titled “Dye-Sensitized Cell Markets –2014,” says that the dye-sensitized cell (DSC) modules market will return to growth and generate revenues of almost $675 million in 2021. NanoMarkets notes that the industry is facing brighter prospects after a brutal industry shakeout that has taken place in the solar business over the past few years. Within its report NanoMarkets takes note of capital investments, growth in manufacturing and new applications where DSC makes a reasonable case. NanoMarkets also believes that DSC will now take over many applications where amorphous silicon (a-Si) was the PV technology of choice. DSC offers the advantages of a-Si but at a lower cost, higher efficiency and the ability to operate well indoors. For more details of the report see: http://nanomarkets.net/market_reports/report/dye_sensitized_cell_markets_2014 About the report: The solar industry resurgence is leading to more interest in third-generation PV technologies and DSC technology will be a key beneficiary of this trend. In this report, NanoMarkets assesses the current state of the DSC sector and examines the demand for this power source in portable charging devices, embedded electronics, BIPV, digital signage and other retail applications, sensors, military and automotive applications. This report draws from NanoMarkets ongoing solar industry research program, but we have also provided a thorough discussion of the latest applications directions, capital investments, performance trends and R&D in the DSC space. In addition, this report contains updated eight-year forecasts of DSC modules with breakouts for all the major applications listed above. For each of these applications projections are provided in revenue ($ million), power (MW) and module area (square meter) terms. An analysis of the business strategy of each of the major DSC players is also included. Among the firms that are discussed in this report are: 3G Solar, Analog Devices, BASF, Dyesol, Everlight Chemicals, Exeger, Fujikura, Fujimori Kogyo, G24 Power, Merck, Nissha Printing, Oxford Photovoltaics, Peccell, Pilkington, Samsung, Sharp, Showa Denko, Solaronix, SolarPrint, Sony, Tata, Texas Instruments, Timo Technologies and Umicore.

1. News Release
NanoMarkets Issues New Report on Dye-Sensitized Cell Photovoltaic Market
February 19, 2014
Glen Allen, Virginia: A new report from NanoMarkets titled “Dye-Sensitized Cell Markets –
2014,” says that the dye-sensitized cell (DSC) modules market will return to growth and generate
revenues of almost $675 million in 2021. NanoMarkets notes that the industry is facing brighter
prospects after a brutal industry shakeout that has taken place in the solar business over the past
few years. Within its report NanoMarkets takes note of capital investments, growth in
manufacturing and new applications where DSC makes a reasonable case. NanoMarkets also
believes that DSC will now take over many applications where amorphous silicon (a-Si) was the
PV technology of choice. DSC offers the advantages of a-Si but at a lower cost, higher efficiency
and the ability to operate well indoors.
For more details of the report see:
http://nanomarkets.net/market_reports/report/dye_sensitized_cell_markets_2014
About the report:
The solar industry resurgence is leading to more interest in third-generation PV technologies and
DSC technology will be a key beneficiary of this trend. In this report, NanoMarkets assesses the
current state of the DSC sector and examines the demand for this power source in portable
charging devices, embedded electronics, BIPV, digital signage and other retail applications,
sensors, military and automotive applications.
This report draws from NanoMarkets ongoing solar industry research program, but we have also
provided a thorough discussion of the latest applications directions, capital investments,
performance trends and R&D in the DSC space.
In addition, this report contains updated eight-year forecasts of DSC modules with breakouts for
all the major applications listed above. For each of these applications projections are provided in
revenue ($ million), power (MW) and module area (square meter) terms. An analysis of the
business strategy of each of the major DSC players is also included.
Among the firms that are discussed in this report are: 3G Solar, Analog Devices, BASF, Dyesol,
Everlight Chemicals, Exeger, Fujikura, Fujimori Kogyo, G24 Power, Merck, Nissha Printing,
Oxford Photovoltaics, Peccell, Pilkington, Samsung, Sharp, Showa Denko, Solaronix, SolarPrint,
Sony, Tata, Texas Instruments, Timo Technologies and Umicore.
From the report:
A few years ago it seemed that DSC would not survive commercially. But we now see growing
private investment from all over the world. DSC is no longer technology that survives on grants
from government agencies. Recent investments have enabled firms such as G24 Power and
Exeger to expand their production facilities. For others investment in DSC has provided them
with a means to develop new products and improve cell performance. Private firms that have
made recent direct investments in the DSC business include: Israel Electric, MTI Partners, Ningbo

2. Hauyou Real Estate (China), Parkwalk Advisors, RomandeEnergie (Switzerland), Tasnee (Saudi
Arabia, Wallenstam (Sweden) and the group of private investors that recently refinanced G24
Power in Wales
Many new applications for DSC modules are also being invented, powering sensors and
automotive integrated PV (AIPV) among them. Nonetheless, NanoMarkets says that the DSC
business cannot flourish without success in the building integrated PV (BIPV) sector. By 2019,
NanoMarkets expects that BIPV will account for 67 percent of revenues. In addition to high
efficiency, DSC panels’ advantage in the BIPV space is that they can easily be fabricated to
deliver diverse colors, shapes and transparency.
The materials opportunity in the DSC space will remain quite small although materials for DSC
cells will approach $170 million by 2021. Although many DSC firms have tended to get their
materials from small chemical firms that specialize in selling “R&D” quantities of materials, a few
large specialty chemical firms are also interested in this space. These include BASF, Merck and
Umicore. Merck in particular has been building DSC partnerships in this space.
While most of the firms active in the DSC space are medium sized firms, the report also notes
that there are some giant firms waiting in the wings who could jump in and become industry
leaders as the DSC market evolves. These include Samsung SDI, Sharp and Sony.
About NanoMarkets:
NanoMarkets tracks and analyzes emerging markets in energy, electronics and other area
created by developments in advanced materials. The firm is a recognized leader in industry
analysis and forecasts of in the solar materials industry.
See more at:
Visit http://www.nanomarkets.net for a full listing of NanoMarkets' reports and other services.
Contact:
Robert Nolan
NanoMarkets
(804) 938-0030
rob@nanomarkets.net