Future prospects of solar technology Solar energy is one of the best options to meet future energy demand since it is superior in terms of availability, cost effectiveness, accessibility, capacity, and efficiency compared to other renewable energy sources , .
These are all challenges that the solar industry will be facing in the near future. Thin-film PVs will be severely hit since most of their materials are under supply risk due to their scarcity on the earth's crust, and the full dependency on these raw materials from China. 5.1. Political issues and quotas applied by China
PSCs have gained prominence as the focus of research in the solar energy sector. Nevertheless, numerous challenges still persist, encompassing the need for continued efficiency enhancement, bolstered stability, and the establishment of scalable PSC production methods.
These countries have made substantial investments in solar infrastructure, resulting in widespread installations and well-established markets. The future of solar energy in developed nations is promising, with a focus on further enhancing efficiency, storage capabilities, and grid integration [62, 63].
Solar Cell Markets, Opportunities, and Challenges Market theory defines an ideal market as having many market actors that facilitate the entry and exit of buyers and sellers. Supply and demand play an important role in determining the price in this kind of market.
Photovoltaic (PV) solar cells are in high demand as they are environmental friendly, sustainable, and renewable sources of energy. The PV solar cells have great potential to dominate the energy sector. Therefore, a continuous development is required to improve their efficiency.