Global Bilayer Membrane Heterojunction Organic Solar Cell (OPV) Market, By Material (Polymers, Small Molecules), Application (BIPV & Architecture, Consumer Electronics, Wearable Devices, Automotive, Military & Device, Others), Physical Size (More than 140*100 mm square, less than 140*100 mm square), End-User (Commercial, Industrial, Residential, Others) – Industry Trends and Forecast to 2029
Bilayer Membrane Heterojunction Organic Solar Cell (OPV)Market Analysis and Size
According to UNCTAD, more than half of the world's population does not have access to electricity. With solar cell technology converting solar power into electricity, the market for solar energy-based electric power has grown.
Global bilayer membrane heterojunction organic solar cell (OPV) market was valued at USD 102.0 million in 2021 and is expected to reach USD 301.33 million by 2029, registering a CAGR of 14.5% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes technological advancements, regulatory framework, PESTEL, porter's five forces analysis, industry standards-at a glance, raw material costs/ operational expenditure-overview, supply chain analysis, vendor selection criteria, pricing analysis, production analysis, and climate chain scenario.
Market Definition
Organic photovoltaics, also known as organic solar cells, are multilayer photovoltaic devices capable of converting solar energy into electrical current. An organic solar cell is made with carbon-based materials and organic electronics rather than silicon as a semiconductor.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Polymers, Small Molecules), Application (BIPV & Architecture, Consumer Electronics, Wearable Devices, Automotive, Military & Device, Others), Physical Size (More than 140*100 mm square, less than 140*100 mm square), End-User (Commercial, Industrial, Residential, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Poland, Norway, Finland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Nigeria, Algeria, Angola, Ghana, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Heliatek GmbH (Germany), ARMOR (Germany), infinityPV ApS (Denmark), Novaled GmbH. (Germany), SUNEW (Brazil), NanoFlex Power Corporation. (U.S.), MORESCO Corporation (Japan), Alfa Aesar (U.S.), Ningbo Polycrown Solar Tech Co, Ltd (China), SHIFENG TECHNOLOGY CO., LTD. (Taiwan), Solaris Chem Inc. (Canada), Epishine (Sweden), TOSHIBA CORPORATION (Japan), Tokyo Chemical Industry Co., Ltd. (Japan), and ENI S.p.A. (Italy)
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Market Opportunities
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Global Bilayer Membrane Heterojunction Organic Solar Cell (OPV) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Growing focus on renewable energies and introduction of eco-friendly technologies
The demand for environmentally friendly solar technology is growing, which bodes well for the organic photovoltaic industry. Organic solar cells have an advantage over conventional counterparts in that they can be made in a variety of shapes and colors. As a result, they are the best choice for applications that value flexibility and design over efficiency. Furthermore, various governments' subsidies and tax breaks are boosting growth. Companies use software as a service to outsource their business processes to a third party so that they can focus on their core competencies. This will result in organizations' lower handling and maintenance costs, propelling the market's growth rate to new heights. This reduces the costs associated with procurement operations and streamlines procurement processes.
Other important market drivers include rising urbanization, industrialization, and the growing need to achieve benchmarking during the forecast period. Furthermore, the need to manage compliance policies and agreements, combined with rising raw material availability, is expected to drive the market's growth rate.
Opportunities
- The need for sustainable energy requirements due to growing urbanization
Global population growth, rapid industrialization, and urbanization increase the demand for an adequate electricity supply. Many governments’ priorities the use of renewable energy sources in energy production. Market participants are looking for ways to meet the increased demand for organic solar cells from consumers all over the world. The market for bilayer membrane heterojunction organic solar cell is expanding as photovoltaic technology advances and solar power facilities in developing countries expand.
Restraints/Challenges
- Lack of stability and mechanical strength
Organic photovoltaic cells are inexpensive and simple to manufacture, but they lack the mechanical robustness and stability of inorganic solar cells such as silicon-based solar cells. According to statistics, the efficiency of organic photovoltaic cells typically ranges between 11% and 20%, while inorganic photovoltaic cells have the same range. Because solar panel efficiency is a key market criterion, the difference in overall efficiency between organic and inorganic photovoltaic cells due to lower stability and mechanical strength tends to influence and restrain the global organic cell (OPV) market.
- Lack of skilled professionals
A lack of expert knowledge and technical expertise, as well as a lack of awareness, will create challenges for the market in terms of smooth growth in market value. Furthermore, a lack of skilled professionals in data science, combined with a slow adoption rate in developing economies, will stymie market growth.
This bilayer membrane heterojunction organic solar cell (OPV) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bilayer membrane heterojunction organic solar cell (OPV) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Bilayer Membrane Heterojunction Organic Solar Cell (OPV) Market
The coronavirus pandemic has a significant negative impact on the global market for organic solar cells and other industries and manufacturing processes. The value chain disruption hampered overall solar cell production, resulting in significant losses for producers competing in the global market for organic solar cells. Total market growth has been hampered by a labor shortage, stringent restrictions imposed by the global shutdown, and a supply shortage. On the other hand, market participants are stepping up their efforts to make up for losses caused by the COVID-19 epidemic and are looking for new ways to address market difficulties. Rising initiatives by market participants to expand their product offerings are driving the organic solar cell market.
Recent Development
- In November 2020, Heliatek GmbH announced that their OPV product installation for its first project in Japan would take place in collaboration with Looop Inc. and Ritsumeikan University. The company installed its HeliaSol (prototype) solar films at a bus stop on the University's Biwako-Kusatsu Campus in Shiga Prefecture (near Kyto). This project is in line with Japan's efforts to use clean and renewable energy. This increased the company's international market presence.
Global Bilayer Membrane Heterojunction Organic Solar Cell (OPV) Market Scope
The bilayer membrane heterojunction organic solar cell (OPV) market is segmented on the basis of material, application, physical size and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Polymers
- Small Molecules
Application
- BIPV & Architecture
- Consumer Electronics
- Wearable Devices
- Automotive
- Military & Device
- Others
Physical Size
- More than 140*100 mm square
- Less than 140*100 mm square
End User
- Commercial
- Industrial
- Residential
- Others
Bilayer Membrane Heterojunction Organic Solar Cell (OPV) Market Regional Analysis/Insights
The bilayer membrane heterojunction organic solar cell (OPV) market is analyzed and market size insights and trends are provided by country, material, application, physical size and end-user as referenced above.
The countries covered in the bilayer membrane heterojunction organic solar cell (OPV) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Poland, Norway, Finland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Nigeria, Algeria, Angola, Ghana, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the bilayer membrane heterojunction organic solar cell (OPV) market because of the presence of some of the region's main producers of organic solar cells. In Germany, for example, companies such as BASF SE and Heliatek GmbH excel at producing organic solar cells.
Asia-Pacific region has promising potential and is expected to grow at the fastest rate during the forecast period. Government tax breaks and subsidies to producers and purchasers of solar power equipment are also stimulating the regional market. The market for organic solar cells in Asia Pacific is expanding due to the presence of several major organic solar cell producers in Japan.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bilayer Membrane Heterojunction Organic Solar Cell (OPV) Market Share Analysis
The bilayer membrane heterojunction organic solar cell (OPV) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bilayer membrane heterojunction organic solar cell (OPV) market.
Some of the major players operating in the bilayer membrane heterojunction organic solar cell (OPV) market are
- Heliatek GmbH (Germany)
- ARMOR (Germany)
- infinityPV ApS (Denmark)
- Novaled GmbH. (Germany)
- SUNEW (Brazil)
- NanoFlex Power Corporation. (U.S.)
- MORESCO Corporation (Japan)
- Alfa Aesar (U.S.)
- Ningbo Polycrown Solar Tech Co, Ltd (China)
- SHIFENG TECHNOLOGY CO., LTD. (Taiwan)
- Solaris Chem Inc. (Canada)
- Epishine (Sweden)
- TOSHIBA CORPORATION (Japan)
- Tokyo Chemical Industry Co., Ltd. (Japan)
- ENI S.p.A. (Italy)
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