Global Organic Solar Cell (OPV) Market Size, Trends, and Growth Opportunity, By Type (Bilayer Membrane Heterojunction, Schottky Type, and Others), Physical Size (More Than 140*100 MM Square, and Less Than 140*100 MM Square), Material (Polymer and Small Molecules), Application (BIPV & Architecture, Consumer Electronics, Wearable Devices, Automotive, Military & Device, and Others), End User (Commercial, Industrial, Residential, and Others) By Region and forecast till 2030.
Global Organic Solar Cell (OPV) Market
The global Organic Solar Cell (OPV) Market was valued at USD 205.57 Billion in 2022 and is slated to reach USD 728.39 Billion by 2030 at a CAGR of 17.13 % from 2023-2030.
A multilayer photovoltaic device that converts solar energy into electricity is referred to as an organic solar cell or an organic photovoltaic. Instead of silicon being used as a semiconductor, organic electronics, and carbon-based materials are used to create organic solar cells. Compared to solar cells composed of crystalline silicon, organic solar cells are constructed from substances that may be dissolved in ink and printed on plastics. As a result, organic solar cells have several advantages, such as flexibility, lightweight, and ease of insertion into structures. Technology for organic solar cells is still being developed. The organic solar cell's power conversion efficiency falls short of that of solar cells made of inorganic silicon. The OPVs, however, demonstrate a broad range of possible uses, and it might not be long until they overtake other technologies as the norm. OPVs are cheaper to create than inorganic solar cells, are easier to make, and have more physical versatility. Organic solar cells operate on the same principles as monocrystalline and polycrystalline silicon solar cells.
Market Drivers
The electricity demand is rising sharply over the world as a result of the population's continued growth, the industrial sector's expanding prosperity, and growth in infrastructure development. To meet the energy requirement for unrestricted development, nations are making significant investments in power-generating resources by building new power plants. Increased pollution and environmental risks are the results of this. The use of renewable energy sources for power generation is increasing as attention turns to climate conservation, and harnessing solar energy for electricity is one of the most advanced technologies worldwide. Roofs, skylights, and facades, among other building components, can all be replaced with building-integrated photovoltaics (BIPV) materials instead of more traditional ones. In BIPV, the exterior layer of the building also produces electricity, which can be used on-site or exported to the grid. Applications of BIPV are frequently seen in commercial and industrial structures. Although OPVs are less expensive than silicon solar cells, they have several advantages over silicon solar cells. They are pliable, transparent, and lightweight. As a result, organic photovoltaics are increasingly being used in BIPV applications.
Market Restraints
To develop building integrated photovoltaic systems, there has been a considerable focus on expediting the adoption of solar electric systems, such as organic photovoltaic systems. Yet, compared to buildings with rack-mounted organic solar cell systems, less BIPV (building integrated photovoltaic) architecture is incorporated into the building's design despite these efforts. This raises the price of pre-implementation design integration. This proves to be a significant market constraint. The percentage of light energy that a solar cell can convert into electricity is referred to as power conversion efficiency. Since organic solar cells are flexible and can adapt to any surface, including the outside of wearable electronics or the roof of a car, there is an increasing prospect for their adoption. The technology's comparatively low power conversion efficiency when compared to the efficiency offered by inorganic silicon solar cells has been the main obstacle to the technology's commercialization.
Impact of COVID-19
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. Many 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.
Recent Developments
It was revealed that Novaled GmbH had won the "Corporate Health Excellence Award" 2022 in January 2023. This will make the business more recognizable to rival businesses.
Market Segmentation
The global Organic Solar Cell (OPV) Market is segmented By Type, Physical Size, Material, Application, and End User. By Types such as Bilayer Membrane Heterojunction, Schottky Type, and Others. By Physical Sizes such as More Than 140*100 MM Square, and Less Than 140*100 MM Square. By Materials such as Polymers and Small Molecules. Applications such as BIPV & Architecture, Consumer Electronics, Wearable Devices, Automotive, Military & Devices, and Others. By End Users such as Commercial, Industrial, Residential, and Others.
Regional Analysis
The global Organic Solar Cell (OPV) Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. The organic solar cell (OPV) market is dominated by Asia-Pacific. Due to increased knowledge of the characteristics of organic solar cell (OPV) products, the U.S. currently holds a dominant position in the North American region. Due to the developing technology of organic solar cell (OPV) goods, Germany was predicted to dominate the European organic solar cell (OPV) industry. Due to the growing acceptance of organic solar cells (OPV) in the commercial and residential sectors, Israel dominated the organic solar cell (OPV) market in the Middle East and Africa.
Key Players
This report includes a list of numerous Key Players, namely TOSHIBA CORPORATION, ARMOR, Tokyo Chemicals Industry Co. Ltd, Merck KGaA, Alfa Aesar, Thermo Fisher Scientific, Heliatek, Solarmer Energy Inc., SUNEW, Epishine, Lumtec.
Market Taxonomy
By Type
• Bilayer Membrane Heterojunction
• Schottky Type
• Others
By Material
• Polymer
• Small Molecules
By Application
• BIPV & Architecture
• Consumer Electronics
• Wearable Devices
• Automotive
• Military & Device
• Others
By Physical Size
• More Than 140*100 MM Square
• Less Than 140*100 MM Square
By End User
• Commercial
• Industrial
• Residential
• Others
By Region
• North America Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Organic Solar Cell (OPV) Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Organic Solar Cell (OPV) Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Organic Solar Cell (OPV) Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Organic Solar Cell (OPV) Market Share Analysis, By Type
5.3 Global Organic Solar Cell (OPV) Market Size and Forecast, By Type
5.3.1 Bilayer Membrane Heterojunction
5.3.2 Schottky Type
5.3.3 Others
6 Global Organic Solar Cell (OPV) Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Organic Solar Cell (OPV) Market Share Analysis, By Application
6.3 Global Organic Solar Cell (OPV) Market Size and Forecast, By Application
6.3.1 BIPV & Architecture
6.3.2 Consumer Electronics
6.3.3 Wearable Devices
6.3.4 Automotive
6.3.5 Military & Device
6.3.6 Others
7 Global Organic Solar Cell (OPV) Market, By Material
7.1 Y-o-Y Growth Comparison, By Material
7.2 Global Organic Solar Cell (OPV) Market Share Analysis, By Material
7.3 Global Organic Solar Cell (OPV) Market Size and Forecast, By Material
7.3.1 Polymer
7.3.2 Small Molecules
8Global Organic Solar Cell (OPV) Market, By Physical Size
8.1 Y-o-Y Growth Comparison, By Physical Size
8.2 Global Organic Solar Cell (OPV) Market Share Analysis, By Physical Size
8.3 Global Organic Solar Cell (OPV) Market Size and Forecast, By Physical Size
8.3.1 More Than 140*100 MM Square
8.3.2 Less Than 140*100 MM Square
9Global Organic Solar Cell (OPV) Market, By End User
9.1 Y-o-Y Growth Comparison, By End User
9.2 Global Organic Solar Cell (OPV) Market Share Analysis, By End User
9.3 Global Organic Solar Cell (OPV) Market Size and Forecast, By End User
9.3.1 Commercial
9.3.2 Industrial
9.3.3 Residential
9.3.4 Others
10 Global Organic Solar Cell (OPV) Market, By Region
10.1 Global Organic Solar Cell (OPV) Market Share Analysis, By Region
10.2 Global Organic Solar Cell (OPV) Market Share Analysis, By Region
10.3 Global Organic Solar Cell (OPV) Market Size and Forecast, By Region
11 North America Organic Solar Cell (OPV) Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 North America Organic Solar Cell (OPV) Market Share Analysis, By Type
11.3 North America Organic Solar Cell (OPV) Market Size and Forecast, By Application
11.4 North America Organic Solar Cell (OPV) Market Size and Forecast, By Material
11.5 North America Organic Solar Cell (OPV) Market Size and Forecast, By Physical Size
11.6 North America Organic Solar Cell (OPV) Market Size and Forecast, By End User
11.7 North America Organic Solar Cell (OPV) Market Size and Forecast, By Country
11.7.1 U.S.
11.7.2 Canada
11.7.3 Mexico
12 EuropeOrganic Solar Cell (OPV) Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Europe Organic Solar Cell (OPV) Market Share Analysis, By Type
12.3 Europe Organic Solar Cell (OPV) Market Size and Forecast, By Application
12.4 Europe Organic Solar Cell (OPV) Market Size and Forecast, By Material
12.5 Europe Organic Solar Cell (OPV) Market Size and Forecast, By Physical Size
12.6 Europe Organic Solar Cell (OPV) Market Size and Forecast, By End User
12.7 Europe Organic Solar Cell (OPV) Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4. Rest of Europe
13Asia Pacific Organic Solar Cell (OPV) Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Asia Pacific Organic Solar Cell (OPV) Market Share Analysis, By Type
13.3 Asia Pacific Organic Solar Cell (OPV) Market Size and Forecast, By Application
13.4 Asia Pacific Organic Solar Cell (OPV) Market Size and Forecast, By Material
13.5 Asia Pacific Organic Solar Cell (OPV) Market Size and Forecast, By Physical Size
13.6 Asia Pacific Organic Solar Cell (OPV) Market Size and Forecast, By End User
13.7 Asia Pacific Organic Solar Cell (OPV) Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.7.3 India
13.7.4. Rest of Asia Pacific
14Latin America Organic Solar Cell (OPV) Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Latin America Organic Solar Cell (OPV) Market Share Analysis, By Type
14.3 Latin America Organic Solar Cell (OPV) Market Size and Forecast, By Application
14.4 Latin America Organic Solar Cell (OPV) Market Size and Forecast, By Material
14.5 Latin America Organic Solar Cell (OPV) Market Size and Forecast, By Physical Size
14.6 Latin America Organic Solar Cell (OPV) Market Size and Forecast, By End User
14.7 Latin America Organic Solar Cell (OPV) Market Size and Forecast, Country
14.7.1. Brazil
14.7.2.Rest of Latin America
15Middle East Organic Solar Cell (OPV) Market Analysis and Forecast (2023-2030)
15.1 Introduction
15.2 Middle East Organic Solar Cell (OPV) Market Share Analysis, By Type
15.3 Middle East Organic Solar Cell (OPV) Market Size and Forecast, By Application
15.4 Middle East Organic Solar Cell (OPV) Market Size and Forecast, By Material
15.5 Middle East Organic Solar Cell (OPV) Market Size and Forecast, By Physical Size
15.6 Middle East Organic Solar Cell (OPV) Market Size and Forecast, By End User
15.7 Middle East Organic Solar Cell (OPV) Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.3. Egypt
15.7.4. Kuwait
15.7.5. South Africa
16Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17Company Profiles
17.1 TOSHIBA CORPORATION
17.1.1 Overview
17.1.2 Types
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2. ARMOR
17.2.1 Overview
17.2.2 Types
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. Tokyo Chemicals Industry Co. Ltd
17.3.1 Overview
17.3.2 Types
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Merck KGaA
17.4.1 Overview
17.4.2 Types
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 Alfa Aesar
17.5.1 Overview
17.5.2 Types
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Thermo Fisher Scientific
17.6.1 Overview
17.6.2 Types
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Heliatek
17.7.1 Overview
17.7.2 Types
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Solarmer Energy Inc.
17.8.1 Overview
17.8.2 Types
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Epishine
17.9.1 Overview
17.9.2 Types
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Lumtec
17.9.1 Overview
17.9.2 Types
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
