Frost + Sullivan Reports Bright Prospects for Third Generation Photovoltaics

Frost & Sullivan has reported findings that forecast bright prospects for third-generation photovoltaics. With aggressive R&D activities being the propellant, new photovoltaics are slated to move forward in huge leaps.

The rapid increase in the bulk manufacture of consumer durables that are powered by DSSC (dye-sensitized solar cells) are likely to change the course of future research work in this segment. Some of the initial commercial products under third-generation PVs are the DSSC-powered mobile phones and backpacks. Several developers across the world are putting in efforts for taking advantage of the capability of DSSC to power different lighting applications that are non-grid-based.

Frost & Sullivan’s latest analysis has been titled “Third Generation Photovoltaics: Strategic R&D Portfolio Management”. The analysis observes that for the third generation photovoltaic technologies, consumer electronics seem to have bright prospects in the near-term market, while the longer-term opportunity is offered by the on-grid market. Examples are Sony’s DSSC-powered lantern and the RIPV (roof-integrated photovoltaics) applications from Konarka and Corus, reportedly.

Source: http://www.technicalinsights.frost.com