The global organic solar cell (OPV) market is experiencing significant growth due to the increasing demand for sustainable and renewable energy sources. Organic photovoltaic cells, known for their flexibility, lightweight nature, and potential for low-cost production, are gaining traction in various applications such as building-integrated photovoltaics, portable devices, and other niche markets. The advancements in organic materials and the growing emphasis on reducing carbon footprints are key drivers for this market. Additionally, governmental support and incentives for renewable energy projects further propel the market's expansion. However, challenges such as the relatively lower efficiency and stability of OPVs compared to traditional silicon-based solar cells remain. Despite these hurdles, ongoing research and development efforts are expected to improve the performance and durability of organic solar cells, making them more competitive in the broader solar energy market.
The Global Organic Solar Cell (OPV) Market size is projected to reach USD 609,271.60 thousand by 2030, with a CAGR of 10.9% during the forecast period of 2023 to 2030.
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Below are the Top Five Organic Solar Cell Companies with a Significant Market Share:
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Rank
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Company
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Overview
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Product Portfolio
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Sales Geographical Coverage
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Developments
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1.
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Armor
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Armor expertise in material science and high-performance materials positions it as a potential contributor to the development and enhancement of OPV technologies, particularly in creating durable and efficient substrates or encapsulation materials that can improve the longevity and efficiency of organic solar cells.
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Americas, Middle East and Africa, Europe, Asia-Pacific
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In September 2020, ARMOR announced the intent to invest in developments to increase the lifetime of ASCA organic photovoltaic films from 5 to 20 years and to increase its electric performance by 4 to 8%. With this aim, the company has initiated research and development to study new materials used in the composition of barrier films and several layers of OPV cells. The company is working with French, European, and Canadian partners to develop, identify and test new materials.
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2.
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Alfa Aesar,
Thermo Fisher Scientific.
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Alfa Aesar supplies high-purity organic compounds, polymers, and other critical materials used in the fabrication and development of organic photovoltaic cells. Thermo Fisher Scientific, the parent company, is renowned for its comprehensive laboratory and analytical solutions, providing advanced technologies and services that support research and development in the OPV sector. Their extensive portfolio and global reach make them key players in supplying essential materials and facilitating advancements in organic solar cell technology.
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Organic Photovoltaic Materials
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Americas, Europe, Asia-Pacific
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In January 2019, Alfa Aesar, Thermo Fisher Scientific, announced the acquisition of Affymetrix, a brand of biochemical products. This acquisition allowed the company to sell Affymetrix’s biochemical products such as ultrapure buffers, substrates, additives, and reagents for a wide range of molecular biology, biochemistry, and cell culture applications under the life science section. This enhanced its organic chemical portfolio and helped top companies meet their research and manufacturing requirements.
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3.
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Novaled GmbH
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Novaled GmbH is a prominent company in the field of organic electronics, specializing in organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Novaled's expertise lies in developing high-efficiency doping and transport materials that enhance the performance and efficiency of organic solar cells. Their innovative materials and technologies are crucial in improving the power conversion efficiency and operational stability of OPVs.
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Selected commercial materials
for OPV applications:
NDN-45
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Europe, Asia-Pacific
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In May 2020, Novaled GmbH was awarded the AEO Certificate "Customs Simplifications/Security and Safety" (AEO C/S). This ensured the company’s secure supply chain from producing the products/materials to the end consumer. This enhanced company’s position among its customers and enhanced its presence in the market for an efficient supply chain.
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4.
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TOSHIBA CORPORATION
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Toshiba is involved in the research and development of next-generation photovoltaic technologies. The company leverages its extensive expertise in semiconductor technology and material science to innovate and improve the efficiency and scalability of organic solar cells. Toshiba's commitment to sustainability and renewable energy solutions drives its efforts in developing high-performance OPVs that can contribute to a more sustainable energy future.
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Organic Photovoltaic Cells with High Conversion Efficiency
5 × 5 cm OPV minimodule
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Americas, Europe, Asia-Pacific
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In September 2017, TOSHIBA CORPORATION announced the development of organic solar cell technology with 5 cm X 5 cm film-based perovskite solar cell mini-modules. With this new technology, the company achieved the highest conversion efficiency of 10.5% in an organic solar module by that date. This enabled the company to extend installation to buildings with low load endurance, and installation on walls to help to realize net zero energy buildings and houses the range of options, unlike the silicon solar cells which are restricted by the manner in which they are installed.
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5.
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Heliatek GmbH
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Heliatek's innovative solar films are lightweight, flexible, and highly efficient, making them suitable for a wide range of applications, including building-integrated photovoltaics (BIPV), automotive, and portable devices. The company focuses on sustainable and scalable production processes to deliver environmentally friendly solar solutions. Heliatek's advanced organic solar technology and commitment to continuous improvement position it as a key player in the market, driving the adoption of organic solar cells across various industries.
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Europe
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In March 2021, Heliatek GmbH received ISO 9001:2015 certification from TÜV SÜD, a trusted partner of choice for safety, security, and sustainability solutions. This certification helped the company to comply with the high standards of a state-of-the-art quality management system and to ensure proper documentation of processes in all departments.
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Conclusion
The market is poised for significant growth, driven by advancements in material science, innovative technologies, and the increasing demand for sustainable energy solutions. Key players such as Armortex, Alfa Aesar (Thermo Fisher Scientific), Novaled GmbH, Toshiba Corporation, and Heliatek GmbH are at the forefront of this market, contributing through their specialized expertise in high-performance materials, research and development, and scalable production processes. These companies are addressing the current challenges of OPVs, such as efficiency and stability, by leveraging cutting-edge materials and innovative approaches. The collective efforts of these industry leaders are expected to enhance the performance, durability, and commercial viability of organic solar cells, thereby accelerating their adoption across various applications and solidifying the OPV market's role in the global renewable energy landscape.
