Polymer Solar Cells Market

Global Polymer Solar Cells Market Analysis and Opportunity Assessment by Junction Type, Application, Technique, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 552.01Mn between 2022 and 2032

Category: Clean Energy & Power

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ID: CVC-00406

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Format: PDF+Excel Dataset

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Published Date: October 2022

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Pages: 310

Polymer Solar Cells Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Polymer Solar Cells Market grew at a CAGR of 14.8% between 2017-2021 and is estimated to be US$ 149.8Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 16.7% and is expected to reach a valuation of US$ 701.8Mn by 2032 end.

Due to the high manufacturing costs and intricate production process of polymer solar cells, there has been an increase in the demand for various alternative technologies. Comparing polymer solar cells to crystalline silicon solar PV cells, several benefits are available. Polymer solar PV cells are lightweight, disposable, and simple to make.

They enable tremendous levels of molecular customisation and little environmental impact. Compared to crystalline silicon PV cells, polymer solar cells are used in a lot more applications. Due to the flexibility of polymer solar PV cells, they can be used in windows, walls, flexible electronics, clothing, and other wearables.

Market Dynamic

THE RISING MARKET OF SOLAR PANELS AND THE COST EFFICIENCY OF SOLAR PANELS ARE DRIVING THE MARKET

The market for polymer solar cells is being driven by the expanding solar panel market and solar panels’ lower cost of electricity generation as compared to other energy sources. The need for polymer solar cells is expanding due in part to their increased efficiency and shorter production times compared to other electricity generation technologies. Additionally, the demand for eco-friendly products is growing, supporting the polymer solar cell market.

DISADVANTAGES OF THIS TECHNOLOGY

Contrary to photovoltaics based on inorganic silicon semiconductors, this technology has some drawbacks, such as its degradation in low light and darkness. Compared to their silicon counterparts, polymer solar cells have challenges with stability and efficiency. These elements may slow the market’s expansion for polymer solar cells.

Polymer Solar Cells Market

Market Segments Covered in Report

By Junction Type:

  • Single Layer
  • Bilayer
  • Bulk Heterojunction
  • Multi-junction
  • Others

By Application:

  • BIPV (Building Integrated Photovoltaic)
  • Consumer Electronics
  • Automotive
  • Defense and Emergency
  • Others

By Technique:

  • Printing Technique
  • Coating Technique

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why does the demand for polymer solar cells in the BIPV segment increase substantially in the coming years?

According to application, the BIPV category is anticipated to develop at the fastest rate, registering a CAGR of 23.3% throughout the evaluation period. Since 2012, this market sector has dominated the global market, and by the end of 2032, it is predicted to continue to do so thanks to a high market value of roughly US$ 143 Mn.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • Due to the rising number of renewable energy projects, the expansion of the wearable solar electronics market, and the region’s rising demand for electricity, Asia Pacific currently accounts for a significant portion of the global market for solar cells, with a market share of 43.7%.
  • Many renewable energy projects and the quick expansion of the power sector in the region have made North America the leading manufacturer of polymer solar PV cells.

Competition Analysis

The market for Polymer Solar Cells is highly competitive, with the top players continuously adding to and modernizing their product lines. Additionally, to gain a competitive edge in the market, they have implemented various organic and inorganic growth strategies, including alliances, collaborations, price reductions, acquisitions, and the construction of new facilities.

The key developments in the Global Polymer Solar Cells Market:

  • In July 2019, a solar cell with a record-high level of radiation stability was demonstrated by researchers at Russia’s Skoltech Institute of Science and Technology. To research how space radiation affects organic solar cells, a Russian scientist has launched one into low-earth orbit.
  • In May 2018, in The Journal of Physical Chemistry Letters (ACS), a group of researchers from Osaka University described how they had automated the search for suitable solar materials to create novel polymers for organic photovoltaics (solar cells).

A list of some of the key suppliers present in the market are:

  • Tata Power Solar Systems Limited
  • Trina Solar Limited
  • SolarWorld AG
  • Suniva Inc
  • JinkoSolar Holding Co. Ltd
  • Pionis Energy Technologies LLC
  • Alps Technology Inc
  • Borg Inc
  • Itek Energy

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research ScopeDetails
Forecast period2022-2032
Historical data available for2017-2021
Market analysisUSD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions coveredNorth America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries coveredUS, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments coveredBy Junction Type, Application, Technique, and Region
Customization scopeAvailable upon Request
Pricing and purchase optionsAvailable upon Request

Frequently Asked Questions

In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 16.7%.

The rising market of solar panels and the cost efficiency of solar panels are driving the market

Major global Polymer Solar Cells Market players are Tata Power Solar Systems Limited, Trina Solar Limited, SolarWorld AG, Suniva Inc, JinkoSolar Holding Co. Ltd, Pionis Energy Technologies LLC, Alps Technology Inc, Borg Inc, Itek Energy

Disadvantages of this technology

Asia Pacific Region is expected to account for the largest market revenue share in the Global Polymer Solar Cells market.

  1. Executive Summary
    • Global Market Snapshot
    • Key Success Factors
    • Strategic Analysis and Recommendations
  2. Market Overview
    • Market Taxonomy
    • Market Definitions
  3. Research Methodology
    • Preliminary Investigation & Research Design
    • Secondary Research & Primary Research
    • Data Analysis & Econometric Modelling
    • Expert Data Validation
  4. Key Emerging Trends Analysis
    • Supply-Side Trends
    • Demand-Side Trends
  5. Global Polymer Solar Cells Market Value (US$ Mn) and Volume (Tons) Analysis
    • Global Market Value (US$ Mn) Analysis, 2017 – 2032
    • Incremental $ Opportunity Index, 2022-2032
    • Global Market Volume (Tons) Analysis, 2017 – 2032
  6. Global Polymer Solar Cells Market Pricing Analysis
    • Regional Level Pricing Analysis and Forecast
      • Manufacturers Level Pricing
      • Distributor Level Pricing
    • Global Pricing Analysis Benchmark
    • Cost Breakdown Analysis
  7. Cross-Sectional Analysis
    • Cross Analysis of Junction Type W.R.T. Packaging Junction Type
  8. Supply Vs. Demand Analysis
    • Regional Supply Vs. Demand Gap Assessment
    • Top Producing Countries Analysis
  9. Market Background
    • Macroeconomic Factors
    • Forecast Factors
    • Market Dynamics
      • Driver
      • Restraint
      • Opportunity
    • Supply Chain Analysis
      • List Raw Junction Type Suppliers
      • List of Manufacturers
      • List of Distributors
      • List of Packagings
      • Packagings Consumption Analysis
      • Average Profitability Margin Analysis
    • Covid-19 Impact Assessment
      • Economy/Cluster Projections
      • Covid-19 Economic Assessment
      • Impact on Target Market
      • Recovery Scenario
    • Regulatory Framework
      • Regulations of Key Countries
      • Potential Impact of Regulations
    • Porter’s Five Forces Analysis
    • Packaging Landscape
  10. Global Polymer Solar Cells Market 2017 – 2032 by Junction Type
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Junction Type [Value (US$ Mn) and Volume (Tons) Analysis]
      • Single Layer
      • Bilayer
      • Bulk Heterojunction
      • Multi-junction
      • Others
    • Market Attractiveness Analysis by Junction Type
  11. Global Polymer Solar Cells Market 2017 – 2032 by Application
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]
      • BIPV (Building Integrated Photovoltaic)
      • Consumer Electronics
      • Automotive
      • Defense and Emergency
      • Others
    • Market Attractiveness Analysis by Application
  12. Global Polymer Solar Cells Market 2017 – 2032 by Technique
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Technique [Value (US$ Mn) and Volume (Tons) Analysis]
      • Printing Technique
      • Coating Technique
    • Market Attractiveness Analysis by Technique
  13. Global Polymer Solar Cells Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032 by Region
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
      • North America
      • Latin America
      • Europe
      • Asia-Pacific
      • Middle East
      • Africa
    • Market Attractiveness Analysis by Region
  14. North America Polymer Solar Cells Market Historical Analysis 2017 – 2021 and Forecast 2022-2033
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • U.S.
        • Canada
      • By Junction Type
      • By Application
      • By Technique
    • Market Attractiveness Analysis
      • By Country
      • By Junction Type
      • By Application
      • By Technique
  1. Latin America Polymer Solar Cells Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Brazil
        • Mexico
        • Rest of Latin America
      • By Junction Type
      • By Application
      • By Technique
    • Market Attractiveness Analysis
      • By Country
      • By Junction Type
      • By Application
      • By Technique
  1. Europe Polymer Solar Cells Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Germany
        • Italy
        • France
        • UK
        • Spain
        • Netherlands
        • Norway
        • Russia
        • Rest of Europe
      • By Junction Type
      • By Application
      • By Technique
    • Market Attractiveness Analysis
      • By Country
      • By Junction Type
      • By Application
      • By Technique
  1. Asia-Pacific Polymer Solar Cells Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • China
        • Japan
        • South Korea
        • India
        • Indonesia
        • Thailand
        • Vietnam
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • By Junction Type
      • By Application
      • By Technique
    • Market Attractiveness Analysis
      • By Country
      • By Junction Type
      • By Application
      • By Technique
  1. Middle East Polymer Solar Cells Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Saudi Arabia
        • Turkey
        • U.A.E.
        • Rest of the Middle East
      • By Junction Type
      • By Application
      • By Technique
    • Market Attractiveness Analysis
      • By Country
      • By Junction Type
      • By Application
      • By Technique
  1. Africa Polymer Solar Cells Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • South Africa
        • Nigeria
        • Egypt
        • Rest of Africa
      • By Junction Type
      • By Application
      • By Technique
    • Market Attractiveness Analysis
      • By Country
      • By Junction Type
      • By Application
      • By Technique
  2. Competition Analysis
    • Tier Structure Breakdown
    • Market Share Analysis
    • Packaging Capacity Analysis
    • Company Footprint Analysis
      • Packaging Footprint of Players
      • Regional Footprint of Players
      • Channel Footprint of Players
    • Brand Preference Analysis
    • Competition Dashboard
  3. Company Profiles
    • Tata Power Solar Systems Limited
      • Company Overview
      • Packaging & Financial Portfolio
      • Packaging Facilities
      • Recent Developments
      • SWOT Analysis
      • Strategy Overview
    • Trina Solar Limited
    • SolarWorld AG
    • Suniva Inc
    • JinkoSolar Holding Co. Ltd
    • Pionis Energy Technologies LLC
    • Alps Technology Inc
    • Borg Inc
    • Itek Energy
  4. Assumptions and Acronyms

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