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The global dye sensitized solar cell market is expected to reach USD 130.6 million by 2022, according to a new report by Grand View Research, Inc. Growing concern regarding detrimental environmental impact associated with fossil fuel based power generation plants is expected to remain a key driving factor for global DSSC market. Governments across various countries have been promoting electricity generation through renewable energy sources. Favorable government initiatives to promote off-grid solar power installations particularly in developed economies of Europe and North America are also expected to have a positive influence on the market growth