Organic Solar Cell Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Organic Solar Cell Market
The Organic Solar Cell Market size was valued at USD 55.63 billion in 2023, and the market is now projected to grow to 210.10 USD billion by 2032, exhibiting a CAGR of 13.71% during the forecast period of 2023-2030.
This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps to stop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related to this domain. The COVID-19 pandemic has negatively affected the operations of numerous sectors in multiple areas. Many measures are being taken by governments worldwide to alleviate the pandemic's effects. Globally, the renewable energy industry is mostly reliant on imports. These factors affected the Organic Solar Cell Market growth.
This is the major factor attributing the growth of this particular market. This factor is majorly involved in taking the revenue numbers above the skies and soaring greater heights and also the sales and demands have been proliferation and increased its value to greater extent. A lot of growth has been observed in the recent times because of this particular factor that contributed and also acted as a catalyst to the overall development of the product market. This has ultimately outraged the sales and demand for this particular market growth and prosperity. In order to accomplish this, BIPV technology must be combined with construction technology. Buildings are shielded from weather and noise by BIPVs. Additionally, they provide insulation against heat. Since brackets and rails are not needed for BIPVs, this method lowers the overall cost of building materials and mounting. Since then, they have been steadily gaining popularity. BIPV devices are used creatively by designers and architects, while producers keep creating new models to satisfy the growing market. These particular growth driving factors have been recorded to attribute the Organic Solar Cell Market share.
A latest trend has been witnessed to proliferate the market growth. This particular trend has been recorded to be the most profiting trends that have been upgraded to augment the overall market growth. Electricity demand is expected to rise significantly as a result of the rapidly expanding population, thriving industrial sector, and rapid infrastructural construction. A lot of specifications have been made to this particular product which has benefited the market growth. This specific trend has influenced the market growth so much so that the revenue and share numbers of this particular product is touching the skies and soaring over. Over the course of the forecast period, this is anticipated to propel the expansion of the organic solar cells market.
Comprehensive Analysis of Organic Solar Cell Market
The segmentation of this particular market has been divided and then further subdivided into various categories.The market is divided into segments according to the kind of application, such as conventional solar, portable electronics, defense applications, and building-integrated photovoltaics (BIPV). The market share for organic solar cells was dominated by the BIPV segment.
This particular region has augmented a lot in the past few years in this particular product market. This specific region held the biggest revenue share. It is projected that over the forecast period, Europe will dominate the global market for organic solar cells. This particular region is actually growing a lot and is anticipated to augment more over the years. The European legal framework is having a good effect on the BIPV technology, which is currently undergoing a shift. Towards near-zero energy buildings, the European Union (EU) established the Renewable Energy Directive and the Directive on Energy Performance in Buildings (EPBD). This particular region has experienced immense proliferation in the market shares and has attributed to the global market revenue.
Global markets are fiercely competitive and highly fragmented. Due to their creative packaging solutions, a few group of large market companies hold a fair amount of market share. Some of the major Companies includes Heliatek (Germany), ARMOR (France), infinityPV ApS (Denmark), Solarmer Energy, Inc. (U.S.), and NanoFlex Power Corporation (U.S.).
In January 2020, This particular company has attributed the market growth in terms of revenue and shares system. In Denmark, a research project led by Aarhus University gave rise to the tiny organic PV technology. Light-based scaffolds that stimulate neurons inside the human body can be created using this technique. This particular development and investment the global market has been recorded to be a boon for the market growth.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Million)
Segmentation By Application
Building-integrated Photovoltaic (BIPV)
Portable Electronics
Defense Application
Conventional Solar
Others
By Region
North America (By Application, and Country)
U.S. (By Application)
Canada (By Application)
Europe (By Application, and Country)
UK (By Application)
Germany (By Application)
France (By Application)
Spain (By Application)
Italy (By Application)
Rest of Europe (By Application)
Asia Pacific (By Application, and Country)
China (By Application)
India (By Application)
Japan (By Application)
Australia (By Application)
Southeast Asia (By Application)
Rest of Asia Pacific (By Application)
The Middle East & Africa (By Application, and Country)
GCC (By Application)
South Africa (By Application)
Rest of the Middle East & Africa (By Application)
Latin America (By Application, and Country)
Brazil (By Application)
Mexico (By Application)
Rest of Latin America (By Application)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Porters Five Forces Analysis
- 5. Qualitative Analysis – Impact of COVID-19
- 5.1. Impact of COVID-19 on the Solar Market
- 5.2. Steps Taken by the Government to Overcome the Impact
- 5.3. Key Developments in the Industry in Response to COVID-19
- 5.4. Potential Opportunities and Challenges due to COVID-19 Outbreak
- 6. Global Organic Solar Cell Market Analysis (USD Million), Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Application
- 6.2.1. Building Integrated Photovoltaic (BIPV)
- 6.2.2. Portable Electronics
- 6.2.3. Defense Application
- 6.2.4. Conventional Solar
- 6.2.5. Others
- 6.3. Market Analysis, Insights and Forecast – By Region
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. Asia Pacific
- 6.3.4. Middle East & Africa
- 6.3.5. Latin America
- 7. North America Organic Solar Cell Market Analysis (USD Million), Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Application
- 7.2.1. Building Integrated Photovoltaic (BIPV)
- 7.2.2. Portable Electronics
- 7.2.3. Defense Application
- 7.2.4. Conventional Solar
- 7.2.5. Others
- 7.3. Market Analysis, Insights and Forecast – By Country
- 7.3.1. U.S. Market Analysis and Forecast – By Application
- 7.3.1.1. Building Integrated Photovoltaic (BIPV)
- 7.3.1.2. Portable Electronics
- 7.3.1.3. Defense Application
- 7.3.1.4. Conventional Solar
- 7.3.1.5. Others
- 7.3.2. Canada Market Analysis and Forecast – By Application
- 7.3.2.1. Building Integrated Photovoltaic (BIPV)
- 7.3.2.2. Portable Electronics
- 7.3.2.3. Defense Application
- 7.3.2.4. Conventional Solar
- 7.3.2.5. Others
- 8. Europe Organic Solar Cell Market Analysis (USD Million), Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Application
- 8.2.1. Building Integrated Photovoltaic (BIPV)
- 8.2.2. Portable Electronics
- 8.2.3. Defense Application
- 8.2.4. Conventional Solar
- 8.2.5. Others
- 8.3. Market Analysis, Insights and Forecast – By Country
- 8.3.1. Germany Market Analysis and Forecast – By Application
- 8.3.1.1. Building Integrated Photovoltaic (BIPV)
- 8.3.1.2. Portable Electronics
- 8.3.1.3. Defense Application
- 8.3.1.4. Conventional Solar
- 8.3.1.5. Others
- 8.3.2. UK Market Analysis and Forecast – By Application
- 8.3.2.1. Building Integrated Photovoltaic (BIPV)
- 8.3.2.2. Portable Electronics
- 8.3.2.3. Defense Application
- 8.3.2.4. Conventional Solar
- 8.3.2.5. Others
- 8.3.3. France Market Analysis and Forecast – By Application
- 8.3.3.1. Building Integrated Photovoltaic (BIPV)
- 8.3.3.2. Portable Electronics
- 8.3.3.3. Defense Application
- 8.3.3.4. Conventional Solar
- 8.3.3.5. Others
- 8.3.4. Spain Market Analysis and Forecast – By Application
- 8.3.4.1. Building Integrated Photovoltaic (BIPV)
- 8.3.4.2. Portable Electronics
- 8.3.4.3. Defense Application
- 8.3.4.4. Conventional Solar
- 8.3.4.5. Others
- 8.3.5. Italy Market Analysis and Forecast – By Application
- 8.3.5.1. Building Integrated Photovoltaic (BIPV)
- 8.3.5.2. Portable Electronics
- 8.3.5.3. Defense Application
- 8.3.5.4. Conventional Solar
- 8.3.5.5. Others
- 8.3.6. Rest of Europe Market Analysis and Forecast – By Application
- 8.3.6.1. Building Integrated Photovoltaic (BIPV)
- 8.3.6.2. Portable Electronics
- 8.3.6.3. Defense Application
- 8.3.6.4. Conventional Solar
- 8.3.6.5. Others
- 9. Asia Pacific Organic Solar Cell Market Analysis (USD Million), Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Application
- 9.2.1. Building Integrated Photovoltaic (BIPV)
- 9.2.2. Portable Electronics
- 9.2.3. Defense Application
- 9.2.4. Conventional Solar
- 9.2.5. Others
- 9.3. Market Analysis, Insights and Forecast – By Country
- 9.3.1. China Market Analysis and Forecast – By Application
- 9.3.1.1. Building Integrated Photovoltaic (BIPV)
- 9.3.1.2. Portable Electronics
- 9.3.1.3. Defense Application
- 9.3.1.4. Conventional Solar
- 9.3.1.5. Others
- 9.3.2. India Market Analysis and Forecast – By Application
- 9.3.2.1. Building Integrated Photovoltaic (BIPV)
- 9.3.2.2. Portable Electronics
- 9.3.2.3. Defense Application
- 9.3.2.4. Conventional Solar
- 9.3.2.5. Others
- 9.3.3. Japan Market Analysis and Forecast – By Application
- 9.3.3.1. Building Integrated Photovoltaic (BIPV)
- 9.3.3.2. Portable Electronics
- 9.3.3.3. Defense Application
- 9.3.3.4. Conventional Solar
- 9.3.3.5. Others
- 9.3.4. Australia Market Analysis and Forecast – By Application
- 9.3.4.1. Building Integrated Photovoltaic (BIPV)
- 9.3.4.2. Portable Electronics
- 9.3.4.3. Defense Application
- 9.3.4.4. Conventional Solar
- 9.3.4.5. Others
- 9.3.5. Southeast Asia Market Analysis and Forecast – By Application
- 9.3.5.1. Building Integrated Photovoltaic (BIPV)
- 9.3.5.2. Portable Electronics
- 9.3.5.3. Defense Application
- 9.3.5.4. Conventional Solar
- 9.3.5.5. Others
- 9.3.6. Rest of Asia Pacific Market Analysis and Forecast – By Application
- 9.3.6.1. Building Integrated Photovoltaic (BIPV)
- 9.3.6.2. Portable Electronics
- 9.3.6.3. Defense Application
- 9.3.6.4. Conventional Solar
- 9.3.6.5. Others
- 10. Latin America Organic Solar Cell Market Analysis (USD Million), Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Application
- 10.2.1. Building Integrated Photovoltaic (BIPV)
- 10.2.2. Portable Electronics
- 10.2.3. Defense Application
- 10.2.4. Conventional Solar
- 10.2.5. Others
- 10.3. Market Analysis, Insights and Forecast – By Country
- 10.3.1. Brazil Market Analysis and Forecast – By Application
- 10.3.1.1. Building Integrated Photovoltaic (BIPV)
- 10.3.1.2. Portable Electronics
- 10.3.1.3. Defense Application
- 10.3.1.4. Conventional Solar
- 10.3.1.5. Others
- 10.3.2. Mexico Market Analysis and Forecast – By Application
- 10.3.2.1. Building Integrated Photovoltaic (BIPV)
- 10.3.2.2. Portable Electronics
- 10.3.2.3. Defense Application
- 10.3.2.4. Conventional Solar
- 10.3.2.5. Others
- 10.3.3. Rest of Latin America Market Analysis and Forecast – By Application
- 10.3.3.1. Building Integrated Photovoltaic (BIPV)
- 10.3.3.2. Portable Electronics
- 10.3.3.3. Defense Application
- 10.3.3.4. Conventional Solar
- 10.3.3.5. Others
- 11. Middle East & Africa Organic Solar Cell Market Analysis (USD Million), Insights and Forecast, 2016-2027
- 11.1. Market Analysis, Insights and Forecast – By Application
- 11.1.1. Building Integrated Photovoltaic (BIPV)
- 11.1.2. Portable Electronics
- 11.1.3. Defense Application
- 11.1.4. Conventional Solar
- 11.1.5. Others
- 11.2. Market Analysis, Insights and Forecast – By Country
- 11.2.1. GCC Market Analysis and Forecast – By Application
- 11.2.1.1. Building Integrated Photovoltaic (BIPV)
- 11.2.1.2. Portable Electronics
- 11.2.1.3. Defense Application
- 11.2.1.4. Conventional Solar
- 11.2.1.5. Others
- 11.2.2. South Africa Market Analysis and Forecast – By Application
- 11.2.2.1. Building Integrated Photovoltaic (BIPV)
- 11.2.2.2. Portable Electronics
- 11.2.2.3. Defense Application
- 11.2.2.4. Conventional Solar
- 11.2.2.5. Others
- 11.2.3. Rest of Middle East & Africa Market Analysis and Forecast – By Application
- 11.2.3.1. Building Integrated Photovoltaic (BIPV)
- 11.2.3.2. Portable Electronics
- 11.2.3.3. Defense Application
- 11.2.3.4. Conventional Solar
- 11.2.3.5. Others
- 12. Competitive Analysis
- 12.1. Company Market Share Analysis, 2019
- 12.2. Company Profile
- 12.2.1. Heliatek
- 12.2.1.1. Business Overview
- 12.2.1.2. Product & Service Offering
- 12.2.1.3. Overall Revenue
- 12.2.1.4. Recent Development
- 12.2.2. ARMOR
- 12.2.2.1. Business Overview
- 12.2.2.2. Product & Service Offering
- 12.2.2.3. Overall Revenue
- 12.2.2.4. Recent Development
- 12.2.3. infinityPV ApS
- 12.2.3.1. Business Overview
- 12.2.3.2. Product & Service Offering
- 12.2.3.3. Overall Revenue
- 12.2.3.4. Recent Development
- 12.2.4. Solarmer Energy, Inc.
- 12.2.4.1. Business Overview
- 12.2.4.2. Product & Service Offering
- 12.2.4.3. Overall Revenue
- 12.2.4.4. Recent Development
- 12.2.5. NanoFlex Power Corporation
- 12.2.5.1. Business Overview
- 12.2.5.2. Product & Service Offering
- 12.2.5.3. Overall Revenue
- 12.2.5.4. Recent Development
- 12.2.6. Optodot
- 12.2.6.1. Business Overview
- 12.2.6.2. Product & Service Offering
- 12.2.6.3. Overall Revenue
- 12.2.6.4. Recent Development
- 12.2.7. Eni
- 12.2.7.1. Business Overview
- 12.2.7.2. Product & Service Offering
- 12.2.7.3. Overall Revenue
- 12.2.7.4. Recent Development
- 12.2.8. New Energy Technologies Inc.
- 12.2.8.1. Business Overview
- 12.2.8.2. Product & Service Offering
- 12.2.8.3. Overall Revenue
- 12.2.8.4. Recent Development
- 12.2.9. Novaled GmbH
- 12.2.9.1. Business Overview
- 12.2.9.2. Product & Service Offering
- 12.2.9.3. Overall Revenue
- 12.2.9.4. Recent Development
- 12.2.10. Brite Solar
- 12.2.10.1. Business Overview
- 12.2.10.2. Product & Service Offering
- 12.2.10.3. Overall Revenue
- 12.2.10.4. Recent Development
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