Japan's Perovskite Solar Cell Market Poised for Explosive Growth: SUNFOREST's Flexible and Glass-based Perovskite Modules Achieve Mass Production and JPEA Certification, Launching Sales in Japan

Key Topics

*   Lightweight, Flexible Solar Cells: Domestic Market Set to Expand Approximately Fivefold by FY2040

*   Film-Based Perovskite: Full-Scale Market Formation Expected by 2030

*   Perovskite Solar Cells: Global Market Rapidly Expanding with Single-Junction and Tandem Types, Japanese Market to Reach ¥34.2 Billion by FY2040

Market Overview

*   Lightweight, Flexible Solar Cells: Domestic Market Set to Expand Approximately Fivefold by FY2040

*   Their lightweight and bendable characteristics enable applications in locations unsuitable for traditional solar panels (e.g., roofs with insufficient load-bearing capacity, curved surfaces, walls, IoT devices, drones).

*   Types include "Film-Based Perovskite," "Lightweight Crystalline Silicon," and "Organic Thin-Film."

*   The domestic market is projected to expand approximately 4.9 times, from an estimated ¥13.9 billion in FY2025 to ¥44.9 billion by FY2040.

*   "Lightweight Crystalline Silicon" is currently mainstream for BAPV applications. Adoption is expected on existing building roofs, public facilities, and aging structures, with applications expanding to vehicles and mobility around FY2035.

*   Film-Based Perovskite: Full-Scale Market Formation Expected by 2030

*   "Film-Based Perovskite Solar Cells" can be installed in diverse locations, including windows and walls.

*   Currently produced in small volumes, full-scale market formation is anticipated around FY2030, with the establishment of mass-production technologies like roll-to-roll processes being key to widespread adoption.

*   By FY2040, expanded use is expected, primarily in BAPV and applications like solar carports.

*   "Organic Thin-Film Solar Cells" feature multi-color options and low environmental impact. Starting from indoor use, full-scale adoption in agrivoltaics and BIPV is expected around FY2030.

*   Perovskite Solar Cells: Global Market Rapidly Expanding with Single-Junction and Tandem Types

*   The global market is forecast to grow approximately 67-fold, from ¥59 billion in 2024 to about ¥3,948 billion by 2040.

*   Commercialization of "Single-Junction" types is progressing for small power sources like electronic shelf labels and IoT devices.

*   Full-scale mass production of "Tandem" types is expected in the late 2020s. Due to high conversion efficiency, they are projected to capture about 60% of the market by 2040.

*   BAPV applications will dominate. "Glass Substrate" types will lead initially, but "Film Substrate" types will also grow, expected to account for over 30% of the total market by 2040.

*   Japanese Market to Reach ¥34.2 Billion by FY2040

*   Japan's perovskite solar cell market is projected to reach ¥34.2 billion by FY2040.

*   Sekisui Chemical established a new company, "Sekisui Solar Film," in January 2025, aiming to build a 100 MW production capacity by FY2027 and a 1 GW-class capacity by FY2030.

*   Keys to market expansion include adoption in BIPV and BAPV, and the development/mass production of tandem types.

*   While "Film Substrate" types face challenges in durability and cost, their lightweight nature and superior mass production potential make them promising for the future. "Glass Substrate" types will be the short-term mainstay, with full-scale shipments of "Glass Substrate Tandem" types expected after FY2030.

Capitalizing on this growing market, SUNFOREST has successfully achieved mass production of its 115W glass-based perovskite module and 10W/225W flexible perovskite modules. Furthermore, these products have obtained certification from the Japan Photovoltaic Energy Association (JPEA), enabling the company to commence full-scale supply to the Japanese market.

If you are interested in this significant business opportunity, please feel free to contact us using the details below.

www.seaforestpv.com

WhatsApp/WeChat: 86-1360-6089112

E-mail: sansosk@seashineforest.cn

Source: https://solarjournal.jp/news/61164/