Currently, the world is facing an energy crisis. One
of the techniques
to fulfill the energy demand is to increase the utilization of solar
energy. For harvesting solar energy in large amounts, it is essential
to develop efficient solar cells. Notably, solar cells (photovoltaic
cells) produce electricity from solar energy. The biggest hurdles,
however, are the capability and reliability of solar cells. Poor energy
density and the spectrum in the bandgap of semiconductor phosphors
do not match the energy allocation of the photons in solar spectra
lines. These issues and cell efficacy must be addressed before photovoltaic
cells can be developed as a viable source of electrical power. The
amount of energy generated per unit area depends linearly on cell
efficiency. Hence, it makes sense to increase the efficiency rather
than enhancing the space for solar cell installation. One well-known
method for converting a high-energy photon into two or more lower-energy
photons is “downconversion”, which makes use of the
wide solar spectrum required for solar cells. The design maximizes
the use of the entire sunlight spectrum, improving the efficiency
of various solar cell types. This review article surveys how spectrum
converters, especially lanthanide-based downconverters and downshifters
will be developed. This review focuses on the current materials and
methods used to enable the downconversion and downshifting processes
in solar cells and some of the challenges in developing solar cells.