Global Organic Photovoltaic Market, By Efficiency (Small Molecule, Polymer, Perovskite) By Application (Building-Integrated (BIPV), Building-Applied (BAPV), Solar Chargers) By End-Use (Residential, Industry, Utility, Power Plant Application, Military, Others), and opportunities and forecast 2020-2027
Organic Photovoltaic Market Overview
Organic electronics are gaining popularity in the electronic display market because of their low cost and flexible, ultra-thin nature. Organic technology can be used in solar photovoltaic to completely rethink how solar cells are created utilizing solar energy. Organic photovoltaic (OPV) solar cells are used to provide a low-energy photovoltaic solution that is also environmentally friendly. Global Organic Photovoltaic Market is expected to rise at a significant rate in the forthcoming years.
Organic photovoltaic cells, like inorganic solar cells, utilize polymeric or molecular absorbers produced in a localized exciton. Absorbers can be used in conjunction with electron acceptors like fullerenes because they have molecular orbital energy states that allow electron transmission. The ability of organic photovoltaic technology to be utilized in large-area and flexible solar modules, particularly in aiding R2R (roll-to-roll) production, is the key driving. Furthermore, because of the lower cost of silicon-based components and the ease of device manufacture, organic photovoltaics can reduce manufacturing costs. In an organic photovoltaic, on the other hand, both the acceptor and donor materials must have acceptable film morphologies, strong extinction factors, and high stabilities in order to keep up with the work of silicon-based solar cells. All these aforementioned factors are majorly contributed to the growth of the Organic Photovoltaic Market.
The difficulties in generating electric power and the lower lifespan of organic photovoltaics are two major commercial restraints.
Covid-19 Impact on Organic Photovoltaic Market
|Market size available for years
|Base year considered
||Value (USD Million)
||Efficiency, Application, End-Use, and Region.
||North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
||Armor Group, ACC, Belectric, BASF, CSEM Brasil, DisaSolar, Eight19, Merck, Mitsubishi Chemical, Heraeus, Next Energy, Solarmer, Nanoflex Power Corporation, Sumitomo Chemical, and Toshib.
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.Organic Photovoltaic Market Segment Overview
Based on Efficiency, Perovskite is one of the most prominent segments in the Organic Photovoltaic Market. In the organic photovoltaic market, perovskite has high performance as compared to other materials.
Organic Photovoltaic Market, By Efficiency
· Small Molecule
Organic Photovoltaic Market, By Application
· Building-Integrated (BIPV)
· Building-Applied (BAPV)
· Solar Chargers
Organic Photovoltaic Market, By End User
· Power Plant Application
· OthersOrganic Photovoltaic Regional Overview
The organic photovoltaic market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America based on regional divisions. Because of the presence of significant organic photovoltaics producers in Europe, the organic photovoltaics market is dominated by Europe, followed by North America.
Organic Photovoltaic Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA) Organic Photovoltaic Market, Key Players
· Armor Group
· CSEM Brasil
· Mitsubishi Chemical
· Next Energy
· Nanoflex Power Corporation
· Sumitomo Chemical
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Organic Photovoltaic market?
A. Organic photovoltaic (OPV) solar cells are used to provide a low-energy photovoltaic solution that is also environmentally friendly. This factor is expected to propel global Organic Photovoltaic market growth.
Q2. Which Segments are covered in the global Organic Photovoltaic market report?
A. Efficiency, Application, End-Use, and Region. these segments are covered in the global Organic Photovoltaic market report.
Q3. Which segment is projected to hold the largest share in the global Organic Photovoltaic market?
A. The perovskite segment is projected to hold the largest share in the global Organic Photovoltaic market.
Q4. Which region holds the largest share in the global Organic Photovoltaic market?
A. North America holds the largest share in the global Organic Photovoltaic market
Q5. Which are the prominent players in the global Organic Photovoltaic market?
A. Armor Group, ACC, Belectric, BASF, CSEM Brasil, DisaSolar, Eight19, Merck, Mitsubishi Chemical, Heraeus, Next Energy, Solarmer, Nanoflex Power Corporation, Sumitomo Chemical, and Toshib. are some key players in the global Organic Photovoltaic market.