Revolutionizing Energy Generation: The Potential of Organic Solar Cells (OPV) for Sustainable Development

Organic Solar Cell (OPV) Market - Industry Trends and forecast period of 2021 to 2028.

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.

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.

Segment Analysis:

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)

Global Organic Solar Cell (OPV) Market Scope

Type

• Bilayer Membrane Heterojunction
• Schottky Type
• Others
•
On the basis of type, the global 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 global 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

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The retail segment will dominate the end-use segment of theOrganic Solar Cell (OPV) Market
The retail segment will emerge as the dominating segment under end-use with approximately 61.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the semiconductors and electronics industry all around the globe will further bolster the growth of this segment.

Regional Analysis

Geographically, the countries covered in the global organic solar cell (OPV) market report are 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

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COVID-19 Impact onOrganic Solar Cell (OPV) Market

The COVID-19 had a negative impact on the system integrator market for retail and consumer goods. The COVID-19 epidemic has caused a number of initiatives to be postponed, including infrastructure construction, reorganization, and renovation. Increased government attention on overcompensating for impacts by enhancing operations when opportunities occur would accelerate industry growth. Government actions to reopen major industries, manufacturing facilities, and infrastructure projects, on the other hand, will support corporate growth.

Major Players

Data Bridge Market Research recognizes the following companies as the major organic solar cell (OPV) market players in the global organic solar cell (OPV) market Eni S.p.A, (Rome, Italy), TOSHIBA CORPORATION (Tokyo, Japan), ARMOR - Siège social (Nantes, France), Tokyo Chemicals Industry UK Ltd (Tokyo), Merck KGaA (Germany), Alfa Aesar, Thermo Fisher Scientific (U.K.), Heliatek (France), Solarmer Energy Inc. (U.S.), SUNEW (Brazil), Epishine (Sweden), Lumtec (Taiwan), Borun New Material Technology Co., Ltd, (China), Novaled Gmb (Germany), Ningbo Polycrown Solar Tech Co, Ltd, (China), SHIFENG TECHNOLOGY CO., LTD., (Taiwan), Solaris Chem Inc., (Canada), MORESCO Corporation (Japan), NanoFlex Power Corporation (U.S.), and Flask (Singapore), among others.

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