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Some of the common product type of QDSC are quantum dot solar cells, quantum dot hybrid solar cells, and quantum dot with nanowire in solar cells. Technological advancements have resulted in production of quantum dot solar cells that exhibit high power conversion efficiency (PCE) coupled with modified band tuning using dipole, density, and orientation of the self-assembled monolayers (SAMs).
They absorb the whole spectrum of light i.e. from ultra-violet to infrared, providing significantly high efficiency than currently used silicon-based technology. As a result, they are widely used for generation of electricity. ….Increasing demand for efficient and environment-friendly source of generation of electricity is anticipated to stimulate the growth of the market in developing countries such as India and China.
Companies in the market emphasize on joint ventures and product development as a means of consolidating their position in the arena. For instance, in January 2016, Solterra Renewable Technologies, a subsidiary of Quantum Materials Corporation (QMC), entered into a joint venture with Guanghui Technology Group to launch quantum dot solar cells production in China. Apart from this, in August 2014, QMC acquired five patents on QDSC technology from Bayer Technology Services to expand its technology portfolio in production of the product.