Organic solar cells are used in mobile devices, defence or military applications, building integrated photovoltaic and conventional solar applications in the global market. Building integrated photovoltaics is currently the market leader in the application segment of organic solar cells. Organic solar cell mobile applications include portable devices such as laptops, solar bags, tablets, and mobile phones. They are also used in automobiles to power smaller electrical systems such as music systems. Organic solar cells are used over the surface of small military equipment in defence applications. These are some of the applications which drive the growth of the market.
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Data Bridge Market Research analyses that the Organic Solar Cell (OPV) is expected to grow at a CAGR of 19.10% in the forecast period of 2022 to 2029 and is expected to reach USD 116.91 million in 2021 from USD 473.31 million in 2029.
Key Findings of the Study
Rising demand of organic solar cells are expected to drive the market
Global population growth, rapid industrialization and urbanization all increase the demand for an adequate supply of electricity. Many governments prioritize the use of renewable energy sources in the energy production. Market participants are looking for ways to meet the rising demand for organic solar cells from consumers. The market for organic solar cells is increasing because of solar power facilities and photovoltaic technology advances in the developing countries.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Bilayer Membrane Heterojunction, Schottky Type, Others), Material (Polymers, Small Molecules), Application (BIPV and Architecture, Consumer Electronics, Wearable Devices, Automotive, Military and Device, Others), Physical Size (More than 140*100 mm square, less than 140*100 mm square), End-User (Commercial, Industrial, Residential, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Heliatek GmbH (Germany), ARMOR (Germany), infinityPV ApS (Denmark), Novaled GmbH. (Germany), SUNEW (Brazil), NanoFlex Power Corporation. (U.S.), MORESCO Corporation (Japan), Alfa Aesar (U.S.), Ningbo Polycrown Solar Tech Co, Ltd (China), SHIFENG TECHNOLOGY CO., LTD. (Taiwan), Solaris Chem Inc. (Canada), Epishine (Sweden), TOSHIBA CORPORATION (Japan), Tokyo Chemical Industry Co., Ltd. (Japan), and ENI S.p.A. (Italy) among many others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
Global organic solar cell (OPV) market is segmented into five notable segments which are based on type, material type, application, physical size and end-user.
Bilayer membrane heterojunction is expected to dominate the global organic solar cell (OPV) market
Bilayer membrane heterojunction is expected to dominate the global organic solar cell (OPV) market with a 54.97% market share as in bilayer solar cells, many advances have been achieved through the use of various material combinations and the bilayer devices can exhibit good charge transport and power conversion efficiencies (PCEs).
Polymers are expected to dominate the global organic solar cell (OPV) market
Polymers are expected to dominate the global organic solar cell (OPV) market with a 66.16% market share as polymer solar cells are lightweight, potentially disposable, and inexpensive to fabricate. They are flexible and customizable on the molecular level and potentially have a less adverse environmental impact. Polymer solar cells also can exhibit transparency, suggesting applications in windows, walls, flexible electronics, and others.
The commercial is expected to dominate the global organic solar cell (OPV) market
The commercial is expected to dominate the global organic solar cell (OPV) market with a 46.85% market share as several commercial industries apply such pioneering technology to remarkable and innovative devices. For instance, the German Pavilion presented an outstanding example of a self-sufficient energy installation through the integration of OPVs in the architecture of the building. Solar cells were placed on the pavilion's membrane roofs to harvest energy during the day and then illuminate the pavilion at night.
Major Players
Data Bridge Market Research recognizes the following companies as the major organic solar cell (OPV) market players in organic solar cell (OPV) market are Heliatek GmbH (Germany), ARMOR (Germany), infinityPV ApS (Denmark), Novaled GmbH. (Germany), SUNEW (Brazil), NanoFlex Power Corporation. (U.S.), MORESCO Corporation (Japan), Alfa Aesar (U.S.), Ningbo Polycrown Solar Tech Co, Ltd (China), SHIFENG TECHNOLOGY CO., LTD. (Taiwan), Solaris Chem Inc. (Canada), Epishine (Sweden), TOSHIBA CORPORATION (Japan), Tokyo Chemical Industry Co., Ltd. (Japan), and ENI S.p.A. (Italy) among many others
Market Development
Regional Analysis
Geographically, the countries covered in the organic solar cell (OPV) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
As per Data Bridge Market Research analysis:
Europe is the dominant region in organic solar cell (OPV) market the forecast period 2022 - 2029
Europe is dominating due to the presence of various main producers of organic solar cells in the region. For instance, In Germany companies such as BASF SE and Heliatek GmbH excel at producing organic solar cells.
Asia-Pacific is estimated to be the fastest growing region in organic solar cell (OPV) market in the forecast period 2022 - 2029
Asia-Pacific is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the tax breaks by government and subsidies to purchasers and producers of solar power equipment which stimulates the regional market.
COVID-19 Impact Analysis
The coronavirus pandemic has a significant negative effect on the global market for organic solar cells, affecting a variety of industries and manufacturing processes. The entire production of solar cells was hampered by the value chain disruption, which cost firms in the worldwide organic solar cell market enormous sums of money. The worldwide recession and a lack of workers have all hindered the expansion of the market. Players in the market are stepping up their attempts to make up for losses brought on by the COVID-19 epidemic, though, and they're also looking for new ways to get over market obstacles. The market for organic solar cells is being driven by a rise in market participants' initiatives to expand their product offerings.
For more detailed information about the organic solar cell (OPV) market report, click here – https://www.databridgemarketresearch.com/reports/global-organic-solar-cell-opv-market
Global Organic Solar Cell (OPV) Market – Industry Trends and Forecast to 2029
North America Organic Solar Cell (OPV) Market – Industry Trends and Forecast to 2028
Middle East and Africa Organic Solar Cell (OPV) Market – Industry Trends and Forecast to 2028
Asia-Pacific Organic Solar Cell (OPV) Market – Industry Trends and Forecast to 2028
Europe Organic Solar Cell (OPV) Market – Industry Trends and Forecast to 2028
Global Bilayer Membrane Heterojunction Organic Solar Cell (OPV) Market – Industry Trends and Forecast to 2029