The Global Organic Solar Cell Market size was valued at USD 50.4 million in 2021 and is expected to grow by USD 106.1 million in 2030 at a CAGR of 12.30%.
Organic solar cells are a third-generation photovoltaic device that harvests energy from light, both outside and indoors, utilizing organic materials. Organic electrons are used in an organic cell, commonly known as a plastic solar cell. These are conductive organic polymers, or tiny organic modules, used for light absorption and charge transport in electronics. This is done so that sunlight can be used to generate power through the photovoltaic effect. The increased reliance on renewable energy sources for power generating, as well as government subsidies and tax breaks for power generation, will boost market growth.
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In order to obtain information about the Global Organic Solar Cell market, extensive secondary data collection was carried out in this study. Furthermore, qualitative data on individual businesses has been studied to support the stated assumptions and findings. The Organic Solar Cell market research report is said to be basic insightful data about the topological landscape of the companies and respective businesses that have accumulated a highly esteemed stance.
We've also provided a high-level overview of its major producers' revenue share, output, consumption volume, sales price, import/export, and gross margin. Furthermore, the Organic Solar Cell market has been divided into segments based on upstream raw materials, classifications, downstream consumers, and equipment evaluation. The global Organic Solar Cell market report also includes information on upcoming trends, the competitive landscape, Organic Solar Cell market key variables, and key statistics for each industry.
In order to optimize various industrial strategies, advertising methods, and global and regional sales impacts on the Organic Solar Cell market, the report for global Organic Solar Cell market has been segmented by application, major manufacturers, product types, and topological zones. The Organic Solar Cell market report thoroughly investigates several significant parameters such as Organic Solar Cell market share, investments, revenue growth, globalization demand and supply factors. The research paper also compares the production value and growth rate of the Organic Solar Cell market across different geographies. It also focuses on top consumers, consumption, product capacity, market share, and expected growth opportunities.
COVID-19 ANALYSIS
The COVID-19 pandemic has impacted negatively on industries and businesses all around the world. The pandemic's lockdowns and social distance restrictions have stifled economic activity, interrupting supply chains, delaying projects, creating a labor shortage, and driving down demand for products and services. Governments all across the world are working hard to alleviate the suffering caused by the pandemic. The worldwide renewable energy business is largely reliant on imports from other parts of the world.
Top Players involved in this report are:
Heliatek (Germany)
ARMOR (France)
infinityPV (Denmark)
Solarmer Energy, Inc. (U.S.)
NanoFlex Power Corporation. (U.S.)
Optodot Corporation (U.S.)
Eni S.p.A. (Italy)
Novaled GmbH (Germany)
Brite Solar (Greece)
BELECTRIC GmbH
Global Organic Solar Cell Market segmentation by Types:
Polymers
Small Molecules
The Application of the Organic Solar Cell market can be divided as:
Building Integrated Photovoltaic {BIPV}
Portable Electronics
Defense Application
Conventional Solar
Others
Geographical outlook of this report:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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The competitive assessment of the prominent industry players is also encompassed in the global Organic Solar Cell market which is responsible to recognize direct or indirect competitors present in the industry. It offers company profiles of the Organic Solar Cell industry players in accordance with product picture and its portfolios, Organic Solar Cell market plans, and technology. We have also mentioned strength and weaknesses of the Organic Solar Cell market alongside the competitive benefits which improves productivity and efficiency of the companies.
The global polymer solar cells market is anticipated to witness expansion at exponential CAGR over the forecast by 2027, according to a report published by Research Report Insights. The report primarily focuses on driver, restraints, challenges and trends in the market. The report even focuses on in-depth market segmentation to project volume and value estimations over the ten year assessment period.
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Long-term Overview
According to a report published by RRI, the polymer solar cells market over the assessment period have huge growth. The market for polymer solar cells is estimated to reflect value of over US$ 295000 Thousand by the end of 2027, up from US$ 34000 Thousand in 2016, reflecting exponential CAGR of 21.45% during the forecast period.
Drivers and Restraints
Improvements in electrical and electronic industry, rising government support and initiatives, increasing demand for sources of renewable energy, rising construction activities related to green buildings along with growth in construction and automobile industries are key factors positively influencing growth of the polymer solar cells market. Whereas, development of polymer solar cells techniques, improvements of electronic devices, developments in energy payback time on account of both energy and finance, concentrating on improvements of latest materials to manufacture photovoltaics as the better alternative to organic fuels, growing life spam of organic solar photovoltaic cells and improvements in new plastic solar cells to decrease energy loss are various trends that are included in the research report, indirectly impacting on the growth of the market.
However, fluctuating oil and gas prices, high dependency on hydroelectricity and fossil fuels, relatively minimum power conversation capacity, limited operational life of organic solar cells and availability of alternatives are major restraints might pose to the growth of global polymer solar cells market.
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Forecasts based on Segmentation
Geographically, Asia Pacific excluding Japan region is expected to retain its dominance in the market owing to high market share secured by the market over the assessment period. This region is expected to witness expansion at highest CAGR of 24.45% during the assessment period. China is the key contributor that exhibits high potential and fastest expansion of market for polymer cells with exponential CAGR through 2027. Japan, Western Europe and North America are also poised to exhibit significant growth in foreseeable years.
The printing segment, by technique type is anticipated to hold high market share and expand at high growth rate compared to coating segment, to secure a value nearly US$ 239000 Thousand and is poised to reflect high CAGR over the forecast period.
The BIPV segment, on the basis of application category is estimated to expand at highest growth rate over the forecast period, witnessing generation of huge market share thereby, maintaining fore-front position in the market.
Competitive Insights
Raynergy Tek Incorporation, Heliatek GmbH, BELECTRIC OPV GmbH (OPVIUS GmbH), SolarWindow Technologies, Inc., SUNEW, Solarmer Energy, Inc., Solvay S.A., Armor Group, Eight19 Ltd., and InfinityPV ApS are some leading market players, performing in the market and are profiled in the report.
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