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In 2023, the market for organic solar cells was estimated to be worth US$ 98.9 Mn. It is predicted that between 2023 and 2030, it will grow at a CAGR of 23.2%. By the end of 2030, the market for organic solar cells is anticipated to be worth US$ 808.39 Mn.
To produce electricity from sunlight using the photovoltaic effect, an organic solar cell (OSC), also known as a plastic solar cell, uses organic electronics, a field of electronics that focuses on conductive organic polymers or small organic molecules, for light absorption and charge transport. Other names for organic solar cells include "plastic solar cells" and "polymer solar cells." Even solar-powered windows can be created with them. A typical organic solar cell is composed of two semiconducting layers comprised of flexible plastic polymers and other components. By soaking up light particles called photons, the cell produces electricity. The electron can migrate independently to a hole produced by another absorbed photon when the exciton splits. In order to offer a photovoltaic (PV) solution that is both environmentally beneficial and low-energy producing, organic photovoltaic (OPV) solar cells were developed. Theoretically, compared to first- and second-generation solar technologies, this technique might offer electricity at a cheaper cost. More surface area can be covered by organic solar cells than by inorganic solar cells. Roll-to-roll production, which is less expensive than conventional manufacturing techniques, can be used to create organic cells with flexible solar modules.
Organic solar cells are photovoltaic devices that use organic semiconductors to convert light energy into electrical energy. They have become a viable alternative to solar panels made of inorganic silicon due to their various advantages over more conventional methods of capturing solar energy, including their flexibility and potential for disposal. Organic semiconductors rich in carbon are used to make organic solar cells. Polymers, small molecules, oligomers, and natural chemicals are the most widely used materials. Without the use of pricey vacuum equipment or the high-temperature annealing stages necessary for silicon processing, these components can be produced from solutions at low temperatures. As a result, their production requires less energy than that of standard inorganic photovoltaic systems, which need a 300–700 C thermal treatment to create a plan heterojunction between two semiconductor layers with differing doping levels.
Globally, organizations and industries are experiencing economic instability as a result of the COVID-19 epidemic. Lockdowns and social segregation laws implemented in the wake of the pandemic have disrupted economic activity, causing supply chains to break down, projects to be delayed, a labor shortage to arise, and a decline in demand for goods and services. Numerous actions are being taken by governments all around the world to reduce the misery brought on by this pandemic. The worldwide renewable energy market typically relies on imports from other countries. According to the Government of India, China also imports additional machinery like inverters along with over 80% of the solar cells and modules used in India. Due to the initial slowdown in manufacturing activity in China, followed by tighter restrictions in many nations across the world, many solar projects in India and around the world are experiencing delays. Important solar equipment providers have also reported production delays as a result of COVID-19, creating a large backlog in order fulfillment.
Mobile devices, defense or military-related applications, integrated photovoltaic building systems, and traditional solar applications all find use in the global market for organic solar cells. Building integrated photovoltaic now dominates the market for organic solar cells. Portable electronics including laptops, solar backpacks, tablets, and mobile phones are just a few examples of the mobile applications for organic solar cells. Additionally, they are fitted in vehicles to power more compact electrical equipment, such entertainment systems. The use of organic solar cells on the surface of small military hardware is one of their defense-related uses. Expertise is employed by large chemical manufacturing corporations to produce the base materials that go into the creation of organic solar cells. Small manufacturing firms are putting all of their attention into the creation of organic solar cells, but they rely on other businesses and research institutions to provide the raw materials. These businesses have partnered with other businesses and research institutions to get technological know-how and raw resources at a discount.
Strict government regulations will force businesses to promote the use of renewable energy sources, especially solar and wind energy. In comparison to first- and second-generation solar cells, organic PV solar cells are a third-generation PV technology that can produce power at a reduced cost. The global market for organic solar cells is anticipated to expand rapidly due to rising energy demands in numerous end-user applications around the world. The rising reliance on renewable energy sources for power generation as a result of environmental advantages is a significant market driver. Government tax cuts and subsidies for the production of renewable energy also support market expansion.
The population is expected to grow quickly, the economy is booming, and infrastructure development is progressing quickly, which will result in a huge increase in demand for power. In response to the increased demand, nations are boosting the capacity of their current power plants or constructing new ones. Companies are being forced by strict government regulations to employ renewable energy sources, mainly solar and wind energy, for electricity generation. During the forecast period, this is anticipated to fuel market expansion for organic solar cells.
Report Coverage
Global Organic Solar Cells research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Organic Solar Cells report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Organic Solar Cells competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Organic Solar Cells market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Organic Solar Cells market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Organic Solar Cells market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Bilayer Membrane Heterojunction, Schottky Type, Dye-sensitized, Tandem Cell, Solarmer Energy Inc, Sumitomo Chemical Co. Ltd, Disa Solar, Mitsubishi Chemical Corporation, New Energy Technologies, Heliatek GmBH, BELECTRIC OPV GmBH, ARMOR (France), infinityPV ApS (Denmark), NanoFlex Power Corporation (U.S.), Optodot (U.S.), Eni (Italy), Novaled GmbH (Germany), Brite Solar (Greece).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Organic Solar Cells market based on the below-mentioned segments:
Global Organic Solar Cells Market, By Type
Bilayer Membrane Heterojunction
Schottky Type
Dye-sensitized
Tandem Cell
Others
Global Organic Solar Cells market, By Application
Building-Integrated Photovoltaic (BIPV)
Portable Electronics
Defense Application
Conventional Solar
Others
Global Organic Solar Cells market, Regional Analysis
To produce electricity from sunlight using the photovoltaic effect, an organic solar cell (OSC), also known as a plastic solar cell, uses organic electronics, a field of electronics that focuses on conductive organic polymers or small organic molecules, for light absorption and charge transport. Other names for organic solar cells include "plastic solar cells" and "polymer solar cells." Even solar-powered windows can be created with them. A typical organic solar cell is composed of two semiconducting layers comprised of flexible plastic polymers and other components. By soaking up light particles called photons, the cell produces electricity. The electron can migrate independently to a hole produced by another absorbed photon when the exciton splits. In order to offer a photovoltaic (PV) solution that is both environmentally beneficial and low-energy producing, organic photovoltaic (OPV) solar cells were developed. Theoretically, compared to first- and second-generation solar technologies, this technique might offer electricity at a cheaper cost. More surface area can be covered by organic solar cells than by inorganic solar cells. Roll-to-roll production, which is less expensive than conventional manufacturing techniques, can be used to create organic cells with flexible solar modules.
Organic solar cells are photovoltaic devices that use organic semiconductors to convert light energy into electrical energy. They have become a viable alternative to solar panels made of inorganic silicon due to their various advantages over more conventional methods of capturing solar energy, including their flexibility and potential for disposal. Organic semiconductors rich in carbon are used to make organic solar cells. Polymers, small molecules, oligomers, and natural chemicals are the most widely used materials. Without the use of pricey vacuum equipment or the high-temperature annealing stages necessary for silicon processing, these components can be produced from solutions at low temperatures. As a result, their production requires less energy than that of standard inorganic photovoltaic systems, which need a 300–700 C thermal treatment to create a plan heterojunction between two semiconductor layers with differing doping levels.
Globally, organizations and industries are experiencing economic instability as a result of the COVID-19 epidemic. Lockdowns and social segregation laws implemented in the wake of the pandemic have disrupted economic activity, causing supply chains to break down, projects to be delayed, a labor shortage to arise, and a decline in demand for goods and services. Numerous actions are being taken by governments all around the world to reduce the misery brought on by this pandemic. The worldwide renewable energy market typically relies on imports from other countries. According to the Government of India, China also imports additional machinery like inverters along with over 80% of the solar cells and modules used in India. Due to the initial slowdown in manufacturing activity in China, followed by tighter restrictions in many nations across the world, many solar projects in India and around the world are experiencing delays. Important solar equipment providers have also reported production delays as a result of COVID-19, creating a large backlog in order fulfillment.
Mobile devices, defense or military-related applications, integrated photovoltaic building systems, and traditional solar applications all find use in the global market for organic solar cells. Building integrated photovoltaic now dominates the market for organic solar cells. Portable electronics including laptops, solar backpacks, tablets, and mobile phones are just a few examples of the mobile applications for organic solar cells. Additionally, they are fitted in vehicles to power more compact electrical equipment, such entertainment systems. The use of organic solar cells on the surface of small military hardware is one of their defense-related uses. Expertise is employed by large chemical manufacturing corporations to produce the base materials that go into the creation of organic solar cells. Small manufacturing firms are putting all of their attention into the creation of organic solar cells, but they rely on other businesses and research institutions to provide the raw materials. These businesses have partnered with other businesses and research institutions to get technological know-how and raw resources at a discount.
Strict government regulations will force businesses to promote the use of renewable energy sources, especially solar and wind energy. In comparison to first- and second-generation solar cells, organic PV solar cells are a third-generation PV technology that can produce power at a reduced cost. The global market for organic solar cells is anticipated to expand rapidly due to rising energy demands in numerous end-user applications around the world. The rising reliance on renewable energy sources for power generation as a result of environmental advantages is a significant market driver. Government tax cuts and subsidies for the production of renewable energy also support market expansion.
The population is expected to grow quickly, the economy is booming, and infrastructure development is progressing quickly, which will result in a huge increase in demand for power. In response to the increased demand, nations are boosting the capacity of their current power plants or constructing new ones. Companies are being forced by strict government regulations to employ renewable energy sources, mainly solar and wind energy, for electricity generation. During the forecast period, this is anticipated to fuel market expansion for organic solar cells.
Report Coverage
Global Organic Solar Cells research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Organic Solar Cells report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Organic Solar Cells competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Organic Solar Cells market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Bilayer Membrane Heterojunction, Schottky Type, Dye-sensitized, Tandem Cell, Solarmer Energy Inc, Sumitomo Chemical Co. Ltd, Disa Solar, Mitsubishi Chemical Corporation, New Energy Technologies, Heliatek GmBH, BELECTRIC OPV GmBH, ARMOR (France), infinityPV ApS (Denmark), NanoFlex Power Corporation (U.S.), Optodot (U.S.), Eni (Italy), Novaled GmbH (Germany), Brite Solar (Greece). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Organic Solar Cells Market from 2021 to 2030.
- Market Forecast for Organic Solar Cells Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Organic Solar Cells competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Organic Solar Cells
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Organic Solar Cells market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Organic Solar Cells market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Bilayer Membrane Heterojunction, Schottky Type, Dye-sensitized, Tandem Cell, Solarmer Energy Inc, Sumitomo Chemical Co. Ltd, Disa Solar, Mitsubishi Chemical Corporation, New Energy Technologies, Heliatek GmBH, BELECTRIC OPV GmBH, ARMOR (France), infinityPV ApS (Denmark), NanoFlex Power Corporation (U.S.), Optodot (U.S.), Eni (Italy), Novaled GmbH (Germany), Brite Solar (Greece).
Primary Target Market
- Market Players of Organic Solar Cells
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Organic Solar Cells market based on the below-mentioned segments:
Global Organic Solar Cells Market, By Type
Bilayer Membrane Heterojunction
Schottky Type
Dye-sensitized
Tandem Cell
Others
Global Organic Solar Cells market, By Application
Building-Integrated Photovoltaic (BIPV)
Portable Electronics
Defense Application
Conventional Solar
Others
Global Organic Solar Cells market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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