China’s perovskites market was valued at US$ 87.4 million in 2024 and is projected to reach approximately US$ 156.2 million by 2030, growing at a CAGR of 10.2%. Growth is driven by China’s strong focus on next-generation solar cells and advanced optoelectronics, with perovskites gaining attention for their exceptional light absorption, tunable bandgap, and expanding applications in photovoltaics, LED lighting, X-ray detection, and quantum dot technologies. Advances in material stability and scalable manufacturing are further accelerating commercialization and positioning China as a global leader in perovskite innovation.
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