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North America Organic Solar Cell (OPV) Market – Industry Trends and Forecast to 2030

  • ICT
  • Published Report
  • Feb 2023
  • North America
  • 350 Pages
  • No of Tables: 65
  • No of Figures: 27

North America Organic Solar Cell (OPV) Market, By Type (Bilayer Membrane Heterojunction, Schottky Type, and Others), Material (Polymer and Small Molecules), Application (BIPV & Architecture, Consumer Electronics, Wearable Devices, Automotive, Military & Device, and Others), Physical Size (More Than 140*100 MM Square, and Less Than 140*100 MM Square), End User (Commercial, Industrial, Residential, and Others), Industry Trends and Forecast to 2030.

North America Organic Solar Cell (OPV) Market

North America Organic Solar Cell (OPV) Market Analysis and Size

The North America organic solar cell (OPV) market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 10.3% in the forecast period of 2023 to 2030 and is expected to reach USD 127,556.91 thousand by 2030. The major factor driving the growth of the Organic solar cell (OPV) market is the rising popularity of organic solar cell (OPV) products among the organic solar cell and growing awareness regarding the properties of the organic solar cell (OPV) products.

North America Organic Solar Cell (OPV) Market

North America Organic Solar Cell (OPV) Market

Organic solar cells (OSCs), which are categorized as third-generation solar cells using organic polymer material as the light-absorbing layer, are one of the newest photovoltaic (PV) technologies. Organic photovoltaic (OPV) solar cells seek to offer a low-energy-production and earth-abundant photovoltaic (PV) solution.

The North America organic solar cell (OPV) market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue-impact solution to achieve your desired goal.

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2020 - 2015)

Quantitative Units

Revenue in USD Thousand

Segments Covered

By Type (Bilayer Membrane Heterojunction, Schottky Type, and Others), Material (Polymer, and Small Molecules), Application (BIPV & Architecture, Consumer Electronics, Wearable Devices, Automotive, Military & Device, and Others), Physical Size (More Than 140*100 Mm Square, and Less Than 140*100 Mm Square), End User (Commercial, Industrial, Residential, and Others)

Countries Covered

U.S., Canada, and Mexico

Market Players Covered

Eni S.p.A, TOSHIBA CORPORATION, ARMOR, Tokyo Chemicals Industry Co. Ltd, Merck KGaA, Alfa Aesar, Thermo Fisher Scientific, Heliatek, Solarmer Energy Inc., SUNEW, Epishine, Lumtec, Borun New Material Technology Co., Ltd, Novaled GmbH, Ningbo Polycrown Solar Tech Co, Ltd, SHIFENG TECHNOLOGY CO., LTD., Solaris Chem Inc., MORESCO Corporation, NanoFlex Power Corporation, and Flask, among others

Market Definition

Organic solar cells or organic photovoltaics refer to multilayer photovoltaic devices made with organic compounds, converting solar energy into electricity. An organic solar cell is manufactured using carbon-based material and organic electronics instead of silicon as a semiconductor. Organic cells may also be referred to as plastic solar cells or polymer solar cells; compared to crystalline silicon solar cells, organic solar cells are made from compounds that can be dissolved in ink and printed onto plastics. This gives the organic solar cells the attribute of flexibility, lightweight and easy incorporation in places or structures, among others.

Organic solar cell technology is still developing. The power conversion efficiency of the organic solar cell does not match the efficiencies achieved by inorganic silicon solar cells. But the OPVs showcase a wide range of potential applications, and it might not be long before they become the commonly used technology. OPVs are easy to manufacture compared to inorganic solar cells and cheap to produce, and physically versatile. The working principle of organic solar cells is just like that of monocrystalline and polycrystalline silicon solar cells. They generate electricity through the photovoltaic effect in three simple steps, such as:

  • Electrons are knocked loose from the semiconducting polymer material when light is absorbed
  • The flow of the loose electrons constitutes an electric current
  • The current is captured and transferred to wires

The OPV’s versatility can be attributed to the diversity of organic materials designed and synthesized for the absorber, acceptor, and interfaces. Organic solar cells find applications in automotive, rooftop panels, building-integrated photovoltaics (BIPV), consumer electronics, and others.

North America Organic Solar Cell (OPV) Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Increasing awareness towards the use of renewable energy for power generation

The continuous growth in the population, and the increasing flourishment in the industrial sector, coupled with growth in infrastructure development, which is leading to a significant increase in the demand for electricity North America. Countries are investing heavily in power-generating resources by installing new power plants to meet the energy demand for unhindered development. This has led to increased pollution and environmental hazards. As the focus is shifting towards climate conservation, there is an increase in the adoption of renewable energy sources for power generation and harnessing solar energy for electricity is one of the leading technology North America.

  • Surge in demand for building integrated photovoltaic products (BIPV)

Building integrated photovoltaics (BIPV) refers to materials that are utilized for building to replace the conventional building materials in the roofs, skylights, and facades, among others. With BIPV, the buildings have an outer layer of the structure that also generates electricity for on-site use or export to the grid. The BIPV applications are often for commercial and industrial buildings. The use of OPVs has significant advantages over silicon solar cells as they result in cost reduction. They are lightweight, flexible and visibly transparent. This has resulted in growth in the adoption of organic photovoltaics as material in BIPV applications.

Organic photovoltaics are thin-filed and flexible and can be integrated into the sides of buildings, replacing conventional glass windows; this offers a large available area for solar energy absorption. OPC skylights are integrated using ultra-thin organic solar cells, which allow daylight to penetrate while simultaneously generating electricity.

Opportunities

  • Increasing applications in DIY projects and gadgets

Recent years have witnessed extensive research in the development of organic solar cells for increasing efficiency and making organic solar cells more flexible and thin. The results achieved are commendable. The researchers are able to achieve a power conversion efficiency (PCE) in excess of 10%. The recent developments have led to the advancement in flexible nature, mechanical bending stability and good conformability. This has led to applications of organic solar cells in applications such as power generation in wearable electronics and small projects.

There is an increasing demand in the market for portable and wearable future electronic devices, such as smartwatches or biometric sensors, which employ lightweight, flexible and efficient power generation resources. This has opened up exciting opportunities for organic solar cells as next-generation power supply resources due to their desirable properties. As a result, many research activities to further develop organic solar cells to increase their PCE and flexibility are undertaken North America.

  • Increasing government focus on climate change

North America warming driven by human-induced emission of greenhouse gases and shifts and changes in weather patterns owing to the constants altered ecosystem is resulting in accelerated climate changes in every region North America. It is not slowing down and has an immense impact on human well-being and poverty around the globe. According to The World Bank, climate change may push up to 132 million people towards poverty. There is a movement throughout the world, and the major governments are realizing and acting toward adopting and combating measures to avoid further harm to the world's ecosystem.

Restraints/Challenges

  • Higher setup cost of OPV systems

There has been a strong focus on accelerating the adoption of solar electric systems, such as organic photovoltaic systems, for developing building integrated photovoltaic systems. But despite these efforts, the inculcation of BIPV (building integrated photovoltaic) design with the building design is less as compared to the buildings with rack-mounted organic solar cell systems. This adds to the increased cost of integration of design pre-implementation. This proves to be a significant restraining factor to the market.

Though the adoption of renewable energy is encouraged and is thus increasing with increasing focus on climate change, solar adopters are seen to be skewed in most regions of the globe. This skewness is attributed to the income of the people.

  • Low-efficiency rates of organic solar cells

The power conversion efficiency in a solar cell refers to the fraction of light energy the cell is able to convert to electricity. There is a growing opportunity for the adoption of organic solar cells as they provide flexibility and can conform to any surface, such as the roof of a car or on the outside of wearable electronics. The major challenge which has impeded the technology’s commercialization is the relatively low power conversion efficiency as compared to the efficiency provided by the inorganic silicon solar cells.

Recent Development

  • In January 2023, Novaled GmbH was announced that they won the award of "Corporate Health Excellence Award" in 2022. This will help the company to be recognized better among the competitors.

North America Organic Solar Cell (OPV) Market Scope

The North America organic solar cell (OPV) market is categorized based on type, material, application, physical size, and end user. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Type

  • Bilayer Membrane Heterojunction
  • Schottky Type
  • Others

On the basis of type, the North America organic solar cell (OPV) market is classified into three segments Bilayer Membrane Heterojunction, Schottky Type, and others.

Material

  • Polymer
  • Small Molecules

On the basis of material, the North America organic solar cell (OPV) market is classified into two segments Polymer and Small Molecules.

Application

  • BIPV & Architecture
  • Consumer Electronics
  • Wearable Devices
  • Automotive
  • Military & Device
  • Others

On the basis of application, the North America organic solar cell (OPV) market is classified into six segments bipv & architecture, consumer electronics, wearable devices, automotive, military & device, and others.

Physical Size

  • More Than 140*100 MM Square
  • Less Than 140*100 MM Square

On the basis of physical size, the North America organic solar cell (OPV) market is classified into two segments more than 140*100 MM square and less than 140*100 MM square.

End User

  • Commercial
  • Industrial
  • Residential
  • Others

On the basis of end user, the North America organic solar cell (OPV) market is classified into four segments commercial, industrial, residential, and others.

North America Organic Solar Cell (OPV) Market Regional Analysis/Insights

The North America organic solar cell (OPV) market is segmented on the basis of type, material, application, physical size and end user.

The countries in the North American organic solar cell (OPV) market are the U.S., Canada, and Mexico. U.S. is dominating the North America organic solar cell (OPV) market in terms of market share and market revenue due to growing awareness regarding the properties of the organic solar cell (OPV) products in this region.

The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and North America Organic Solar Cell (OPV) Market Share Analysis

The North America organic solar cell (OPV) market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the North America organic solar cell (OPV) market.

Some of the prominent participants operating in the North America organic solar cell (OPV) market are Eni S.p.A, TOSHIBA CORPORATION, ARMOR, Tokyo Chemicals Industry Co. Ltd, Merck KGaA, Alfa Aesar, Thermo Fisher Scientific, Heliatek, Solarmer Energy Inc., SUNEW, Epishine, Lumtec, Borun New Material Technology Co., Ltd, Novaled GmbH, Ningbo Polycrown Solar Tech Co, Ltd, SHIFENG TECHNOLOGY CO., LTD., Solaris Chem Inc., MORESCO Corporation, NanoFlex Power Corporation, and Flask, among others.

 


SKU-

TABLE 1 IMPORT DATA ON PHOTOSENSITIVE SEMICONDUCTOR DEVICES, INCL. PHOTOVOLTAIC CELLS, WHETHER OR NOT ASSEMBLED IN ...; HS CODE – 854140 (USD THOUSAND)

TABLE 2 EXPORT DATA OF PHOTOSENSITIVE SEMICONDUCTOR DEVICES, INCL. PHOTOVOLTAIC CELLS, WHETHER OR NOT ASSEMBLED IN ...; HS CODE – 854140 (USD THOUSAND)

TABLE 3 NORTH AMERICA ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 4 NORTH AMERICA BILAYER MEMBRANE HETEROJUNCTION IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION , 2021-2030 (USD THOUSAND)

TABLE 5 NORTH AMERICA SCHOTTKY TYPE IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 6 NORTH AMERICA OTHERS IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 7 NORTH AMERICA ORGANIC SOLAR CELL (OPV) MARKET, BY MATERIAL, 2021-2030 (USD THOUSAND)

TABLE 8 NORTH AMERICA POLYMER IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 9 NORTH AMERICA SMALL MOLECULES IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 10 NORTH AMERICA ORGANIC SOLAR CELL (OPV) MARKET, BY APPLICATION, 2021-2030 (USD THOUSAND)

TABLE 11 NORTH AMERICA BIPV & ARCHITECTURE IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 12 NORTH AMERICA CONSUMER ELECTRONICS IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 13 NORTH AMERICA WEARABLE DEVICES IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 14 NORTH AMERICA AUTOMOTIVE IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 15 NORTH AMERICA MILITARY & DEVICE IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 16 NORTH AMERICA OTHERS IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 17 NORTH AMERICA ORGANIC SOLAR CELL (OPV) MARKET, BY PHYSICAL SIZE , 2021-2030 (USD THOUSAND)

TABLE 18 NORTH AMERICA MORE THAN 140*100 MM SQUARE IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 19 NORTH AMERICA LESS THAN 140*100 MM SQUARE IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 20 NORTH AMERICA ORGANIC SOLAR CELL (OPV) MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 21 NORTH AMERICA COMMERCIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 22 NORTH AMERICA COMMERCIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY COMMERCIAL TYPE, 2021-2030 (USD THOUSAND)

TABLE 23 NORTH AMERICA COMMERCIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 24 NORTH AMERICA INDUSTRIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 25 NORTH AMERICA INDUSTRIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 26 NORTH AMERICA RESIDENTIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 27 NORTH AMERICA RESIDENTIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 28 NORTH AMERICA OTHERS IN ORGANIC SOLAR CELL (OPV) MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 29 NORTH AMERICA ORGANIC SOLAR CELL (OPV) MARKET, BY COUNTRY, 2021-2030 (USD THOUSAND)

TABLE 30 NORTH AMERICA ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 31 NORTH AMERICA ORGANIC SOLAR CELL (OPV) MARKET, BY MATERIAL, 2021-2030 (USD THOUSAND)

TABLE 32 NORTH AMERICA ORGANIC SOLAR CELL (OPV) MARKET, BY APPLICATION, 2021-2030 (USD THOUSAND)

TABLE 33 NORTH AMERICA ORGANIC SOLAR CELL (OPV) MARKET, BY PHYSICAL SIZE, 2021-2030 (USD THOUSAND)

TABLE 34 NORTH AMERICA ORGANIC SOLAR CELL (OPV) MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 35 NORTH AMERICA COMMERCIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY COMMERCIAL TYPE, 2021-2030 (USD THOUSAND)

TABLE 36 NORTH AMERICA COMMERCIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 37 NORTH AMERICA INDUSTRIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 38 NORTH AMERICA RESIDENTIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 39 U.S. ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 40 U.S. ORGANIC SOLAR CELL (OPV) MARKET, BY MATERIAL, 2021-2030 (USD THOUSAND)

TABLE 41 U.S. ORGANIC SOLAR CELL (OPV) MARKET, BY APPLICATION, 2021-2030 (USD THOUSAND)

TABLE 42 U.S. ORGANIC SOLAR CELL (OPV) MARKET, BY PHYSICAL SIZE, 2021-2030 (USD THOUSAND)

TABLE 43 U.S. ORGANIC SOLAR CELL (OPV) MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 44 U.S. COMMERCIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY COMMERCIAL TYPE, 2021-2030 (USD THOUSAND)

TABLE 45 U.S. COMMERCIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 46 U.S. INDUSTRIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 47 U.S. RESIDENTIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 48 CANADA ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 49 CANADA ORGANIC SOLAR CELL (OPV) MARKET, BY MATERIAL, 2021-2030 (USD THOUSAND)

TABLE 50 CANADA ORGANIC SOLAR CELL (OPV) MARKET, BY APPLICATION, 2021-2030 (USD THOUSAND)

TABLE 51 CANADA ORGANIC SOLAR CELL (OPV) MARKET, BY PHYSICAL SIZE, 2021-2030 (USD THOUSAND)

TABLE 52 CANADA ORGANIC SOLAR CELL (OPV) MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 53 CANADA COMMERCIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY COMMERCIAL TYPE, 2021-2030 (USD THOUSAND)

TABLE 54 CANADA COMMERCIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 55 CANADA INDUSTRIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 56 CANADA RESIDENTIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 57 MEXICO ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 58 MEXICO ORGANIC SOLAR CELL (OPV) MARKET, BY MATERIAL, 2021-2030 (USD THOUSAND)

TABLE 59 MEXICO ORGANIC SOLAR CELL (OPV) MARKET, BY APPLICATION, 2021-2030 (USD THOUSAND)

TABLE 60 MEXICO ORGANIC SOLAR CELL (OPV) MARKET, BY PHYSICAL SIZE, 2021-2030 (USD THOUSAND)

TABLE 61 MEXICO ORGANIC SOLAR CELL (OPV) MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 62 MEXICO COMMERCIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY COMMERCIAL TYPE, 2021-2030 (USD THOUSAND)

TABLE 63 MEXICO COMMERCIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 64 MEXICO INDUSTRIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 65 MEXICO RESIDENTIAL IN ORGANIC SOLAR CELL (OPV) MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The North America Organic Solar Cell (OPV) Market is projected to grow at a CAGR of 10.3% during the forecast period by 2030.
The future market value of the North America Organic Solar Cell (OPV) Market is expected to reach USD 127,556.91 thousand by 2030.
The major players in the North America Organic Solar Cell (OPV) Market are Eni S.p.A, TOSHIBA ]CORPORATION, ARMOR, Tokyo Chemicals Industry Co. Ltd, Merck KGaA, Alfa Aesar, Thermo Fisher Scientific, Heliatek, Solarmer Energy Inc., SUNEW, Epishine, Lumtec, etc.
The countries covered in the North America Organic Solar Cell (OPV) Market are U.S., Canada, and Mexico.
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