Press release
Global Solar Cells Market to Witness Stellar CAGR During the Forecast Period
A polymer solar cell is a flexible solar cell made up of large molecules that has repeating structural units, and produce electrical energy from sunlight by photovoltaic effect. Polymer solar cells has organic solar cells, these are a type of thin film solar cell, other types of polymer solar cells include stable amorphous silicon solar cell. Most of the commercial solar cells are made from a highly purified and refined silicon crystal, and these are similar to the material used for the manufacturing of computer chips and integrated circuits.
The complex production process and high manufacturing cost of these silicon solar cells created interest of researches to generate alternative technologies. Compared to silicon solar cells, polymer solar cells are light in weight, easily disposable and less expensive to fabricate, customizable in its molecular level and have less environmental impact. Polymer solar cells can also exhibit transparency, suggesting applications in walls, windows, flexible electronics, etc. The alleviation and understanding of the degradation phenomena is a prerequisite for successful application of polymer solar cells. The polymer solar cells market is anticipated to witness a healthy CAGR in the forecast period.
Global Polymer Solar Cells Market: Drivers and Restrains
The rising market of solar panels and cost efficiency of solar panels in the electricity generation as compared to other sources of energy is driving the polymer solar cells market. Also the improved efficiency of polymer solar cells and less time required to produce the electricity as compared to other electricity generation technologies further contributes in the growing polymer solar cells market. Moreover, the increasing concerns amongst people for eco-friendly products is bolstering the polymer solar cells market.
However, there are some disadvantages of this technology that includes its degradation during dark and in illumination, and this contrasts the silicon inorganic semiconductors based photovoltaics. Also there are issues of stability and efficiency of polymer solar cells as compared to its counterparts solar cells. All these factors can slowdown the growth of polymer solar cells market.
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Global Polymer Solar Cells Market: Segmentation
On the basis of forms available, the global polymer solar cells market can be segmented as follows:
Foils
Panels
Stickers
On the basis of forms available, the global polymer solar cells market can be segmented as follows:
Sensors
Wind turbines
Solar power plants
On the basis of end use industry, the global polymer solar cells market can be segmented as follows:
Electronics and Electrical
Power and Energy
Automobiles
Others
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