Organic Solar Cell (OPV) Market Poised for Remarkable Growth, Projected to Reach USD 609,271.60 Thousand at a 10.9% CAGR by 2030

"Organic Solar Cell (OPV) Market" report offers better solution for refining the business strategies to thrive in this competitive market place. This report estimates CAGR (compound annual growth rate) values along with its fluctuations for the definite forecast period. This marketing report describes the categorization by companies, region, type and end-use industry. The report displays the analysis and estimation of important industry trends, market size, and market share. The estimations of CAGR values are also provided in "Organic Solar Cell (OPV) Market" report which helps businesses in deciding upon the investment value over the time period.

The 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.

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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.

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
Organic Solar Cell (OPV) Market Scope

The 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 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
On the basis of application, the global 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 global 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 global organic solar cell (OPV) market is classified into four segments commercial, industrial, residential, and others.

Some of the prominent participants operating in the 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
Flask

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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.

Organic Solar Cell (OPV) Market Regional Analysis/Insights

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

The countries in the global organic solar cell (OPV) market are the 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.

Asia-pacific is dominating the global organic solar cell (OPV) market. The U.S dominates in the North American region due to growing awareness regarding the properties of organic solar cell (OPV) products. Germany dominated expected to dominate the Europe organic solar cell (OPV) market due to the growing technologies of organic solar cell (OPV) products. Israel dominated the organic solar cell (OPV) market in the Middle East & Africa due to the rising popularity of organic solar cell (OPV) in the commercial and residential sectors.

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 global 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.

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