Global Organic Solar Cell (OPV) Market - Industry Trends and Forecast to 2030

Global Organic Solar Cell (OPV) Market - Industry Trends and Forecast to 2030

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), Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa) Industry Trends and Forecast to 2030.

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.

Market Segmentation

The global organic solar cell (OPV) market is segmented into five notable segments, which are based on type, material, application, physical size, and end user.
• On the basis of type, the global organic solar cell (OPV) market is segmented into bilayer membrane heterojunction, schottky type, and others
• On the basis of material, the global organic solar cell (OPV) market is segmented into the polymer and small molecules
• On the basis of application, the global organic solar cell (OPV) market is segmented into BIPV & architecture, consumer electronics, wearable devices, automotive, military & device, and others
• On the basis of physical size, the global organic solar cell (OPV) market is segmented as more than 140*100 mm square and less than 140*100 mm square
• On the basis of end user, the global organic solar cell (OPV) market is segmented into commercial, industrial, residential, and others

Market Players:

Some of the major players operating in the global organic solar cell (OPV) market are:
• Eni S.p.A
• Ningbo Polycrown Solar Tech Co, Ltd
• SHIFENG TECHNOLOGY CO., LTD.
• Solaris Chem Inc.
• TOSHIBA CORPORATION
• Tokyo Chemicals Industry UK Ltd
• Heliatek
• MORESCO Corporation
• NanoFlex Power Corporation
• Novaled GmbH
• ARMOR
• Alfa Aesar, Thermo Fisher Scientific
• Solarmer Energy Inc.
• SUNEW
• Epishine
• Lumtec
• Borun New Material Technology Co., Ltd
• Flask
• Merck KGaA

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