Press release
Market Analysis: CAGR of 10.9% Signals Robust Growth, Envisioning USD 609,271.60 Thousand Market Value by 2030, Unveils Data Bridge Market Research
What is the projected market size & growth rate of the Organic Solar Cell (OPV) Market?
Market Analysis and Size
The global 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 10.9% in the forecast period of 2023 to 2030 and is expected to reach USD 609,271.60 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.
Organic Solar Cell (OPV) Market
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 global 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, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Belgium, Switzerland, Turkey, and the Rest of Europe. Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, and the Rest of Asia-Pacific, Brazil, Argentina, and the Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E, Israel, and the Rest of the Middle East and Africa.
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.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
This research report is the result of an extensive primary and secondary research effort into the Organic Solar Cell (OPV) market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Organic Solar Cell (OPV) Market.
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Which are the driving factors of the Organic Solar Cell (OPV) market?
The driving factors of the Organic Solar Cell (OPV) market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Organic Solar Cell (OPV) across various industries further propel market expansion.
Organic Solar Cell (OPV) Market - Competitive and Segmentation Analysis:
Global 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 2031.
How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Which are the top companies operating in the Organic Solar Cell (OPV) market?
Some of the prominent participants operating in the global 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.
Short Description About Organic Solar Cell (OPV) Market:
The Global Organic Solar Cell (OPV) market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, especially The United States, will still play an important role which can not be ignored. Any changes from United States might affect the development trend of Organic Solar Cell (OPV). The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.
Organic Solar Cell (OPV) Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.
Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.
This report focuses on the Organic Solar Cell (OPV) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Get a Sample Copy of the Organic Solar Cell (OPV) Report 2024
What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters
What are the key regions in the global Organic Solar Cell (OPV) market?
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
This Organic Solar Cell (OPV) Market Research/Analysis Report Contains Answers to your following Questions
What are the global trends in the Organic Solar Cell (OPV) market?
Would the market witness an increase or decline in the demand in the coming years?
What is the estimated demand for different types of products in Organic Solar Cell (OPV)?
What are the upcoming industry applications and trends for Organic Solar Cell (OPV) market?
What Are Projections of Global Organic Solar Cell (OPV) Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
Where will the strategic developments take the industry in the mid to long-term?
What are the factors contributing to the final price of Organic Solar Cell (OPV)?
What are the raw materials used for Organic Solar Cell (OPV) manufacturing?
How big is the opportunity for the Organic Solar Cell (OPV) market?
How will the increasing adoption of Organic Solar Cell (OPV) for mining impact the growth rate of the overall market?
How much is the global Organic Solar Cell (OPV) market worth? What was the value of the market In 2020?
Who are the major players operating in the Organic Solar Cell (OPV) market? Which companies are the front runners?
Which are the recent industry trends that can be implemented to generate additional revenue streams?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Organic Solar Cell (OPV) Industry?
Customization of the Report
Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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Detailed TOC of Global Organic Solar Cell (OPV) Market Insights and Forecast to 2031
Introduction
Market Segmentation
Executive Summary
Premium Insights
Market Overview
Organic Solar Cell (OPV) Market By Type
Organic Solar Cell (OPV) Market By Function
Organic Solar Cell (OPV) Market By Material
Organic Solar Cell (OPV) Market By End User
Organic Solar Cell (OPV) Market By Region
Organic Solar Cell (OPV) Market: Company Landscape
SWOT Analysis
Company Profiles
Continued...
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Data Bridge Market Research:
Today's trends are a great way to predict future events!
Data Bridge Market Research is a market research and consulting company that stands out for its innovative and distinctive approach, as well as its unmatched resilience and integrated methods. We are dedicated to identifying the best market opportunities, and providing insightful information that will help your business thrive in the marketplace. Data Bridge offers tailored solutions to complex business challenges. This facilitates a smooth decision-making process. Data Bridge was founded in Pune in 2015. It is the product of deep wisdom and experience.
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