Polymer Solar Cell Market is expected to grow at a CAGR of 22.03%
According to TechSci Research report, “Polymer Solar Cell Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029”, the
Global Polymer Solar Cell Market is expected to register robust growth during the
forecast period. Flexibility: PSCs can be lightweight, bendable, and even
semi-transparent, making them ideal for applications like wearable electronics,
building-integrated photovoltaics (BIPV), and curved surfaces. PSCs can be
produced using solution-based methods like roll-to-roll printing, potentially
leading to cheaper and more efficient manufacturing processes compared to
silicon. The properties of PSCs can be readily modified by tailoring the
polymer materials used, allowing for customization for specific applications.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the "Global Polymer
Solar Cell Market.”
The global shift towards renewable
energy sources is creating a significant demand for solar power, and PSCs offer
unique advantages over traditional silicon-based technologies. Research and
development efforts are continuously improving the efficiency, stability, and
scalability of PSCs, making them more viable for commercial applications. Many
governments are implementing policies and incentives to support the development
and deployment of renewable energy technologies, including PSCs. The unique
properties of PSCs are opening up new and exciting applications beyond
traditional solar panels, such as powering medical devices, sensors, and even
electronic skin. Dominates the market due to growing consumer electronics and a
vast population. China leads the way with government subsidies and ambitious
solar energy goals. Home to several leading research
institutions and manufacturers of PSC materials and devices. Significant
investment in R&D, with companies like InfinityPV and G2 Energetics making
strides. As of 2023, a few other R&D projects were going on in
the region. In October 2023, a French-Spanish research team developed organic
photovoltaic modules embedded into plastic parts through high throughput
injection molding. The researchers injected thermoplastic polyurethane into the
modules and found it enhanced their mechanical stability while keeping a high
flexibility. The researchers first created modules in roll-to-roll printing
using a photoactive blend known as P3HT: O-IDTBR. This blend was chosen due to
its morphological and thermal stability, which are relevant to the later
injection molding process. The completion of R&D in various sectors and
applications is expected to expand the market in the region during the forecast
period.
Key market players in the Global Polymer
Solar Cell Market are: -
- Heliatek GmbH
- Tata Power Photovoltaic Systems Limited
- Trina Photovoltaic
- SOLARWORLD Africa (Pty) Ltd
- Evonik
- SABIC
- Suniva Inc
- Jinko Photovoltaic
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“Polymer solar cells, also called
organic photovoltaic (OPV), are third-generation PV cells that use an organic
polymer layer to convert light into electricity. Polymer solar cells are
lightweight, flexible, customizable, and have a less adverse environmental
impact.
In 2022, global solar PV technology had
a total installed capacity of around 1046.61 GW, growing by nearly 167.7% from
390.87 GW in 2017. With rapid improvements in PV technology in recent years,
polymer solar cells achieved an efficiency of 18.42% in 2022 under lab
conditions. In order to further increase efficiency, various organizations with
different molecular structures are performing intensive research and are
expected to penetrate the solar PV market in the near future.
Polymer solar cells have a few
advantages over silicon solar cells, like being lighter in weight, cheaper in
cost, transparent, and having a longer lifetime (greater than 5000 hrs), but
due to their low energy conversion, efficient commercial applications are very
limited.
As per Solarmer Energy Inc., the present
efficiency of polymer solar cells is estimated to improve over time due to
technological improvement, which is expected to provide efficient polymer
molecular structure and make polymer solar cells more competitive in the market
with silicon-based solar cells and other alternative solar cell technologies,
driving the market during the forecast period. said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Polymer Solar Cell Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Junction
Type (Single Layer, Bilayer, Bulk Heterojunction, Others), By Technique
(Printing, Coating), By Region, and By Competition 2019-2029” provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Polymer
Solar Cell Market.
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