HSBC Global Investment Research estimated that the installation capacity of solar panels in space will grow from the almost negligible level to 9 GW by 2030, 86 GW by 2035, and 171 GW by 2040. By 2035, this market will become meaningful, accounting for about 9% of global demand, making it the third or even second largest market globally.
Meanwhile, in view of the cost of installing solar panels in space is much pricier than on the ground, the market size for space solar cells is even more promising, projected to reach USD20 billion by 2030 and USD64 billion by 2035, which corresponds to 27% and 69% of the global solar module market size, respectively.
Within the broker's coverage, GCL TECH (03800.HK) -0.040 (-3.419%) Short selling $99.24M; Ratio 15.056% is the only related company, having become the largest perovskite producer through its joint ventures, and perovskite is expected to become the next generation of space solar cells. However, the stock is underperforming other space solar concept stocks due to investors' cautious stance on China's "anti-involution" policy. The broker believed GCL TECH offers a better risk/ reward within the space solar theme.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-01-26 16:25.)
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