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The Global Quantum Dots Market is expected to grow at an impressive CAGR of 27% by 2024. APAC is estimated to hold the largest share of the overall market due to constant innovations in the region for Quantum Dots. http://bit.ly/2W0YVdb

ScienceDaily (June 18, 2010) - Conventional solar cell efficiency could be increased from the current limit of 30 percent to more than 60 percent, suggests new research on semiconductor nanocrystals, or quantum dots, led by chemist Xiaoyang Zhu at The University of Texas at Austin.

In a paper published in Nature Photonics, University of Toronto researchers report the first efficient two-layer solar cell based on colloidal quantum dots (CQD) to capture both visible and near-infrared rays. CQDs are nanoscale materials that can be tuned to respond to specific wavelengths of the visible and invisible spectrum. By capturing such a broad range of light waves - wider than normal solar cells - tandem CQD solar cells can in principle reach up to 42 per cent efficiencies. The best single-junction solar cells are constrained to a maximum of 31 per cent efficiency. (In reality, solar cells that are on the roofs of houses and in consumer products have 14 to 18 per cent efficiency.) The researchers expect that in five years, solar cells using the graded recombination layer paper will be integrated into building materials and mobile devices.