Organic Solar Cells Market Scope
Organic/Polymer solar cells are lightweight as compared to silicon-based devices. These cells are used in applications such as autonomous sensors. Impact on the environment is also lower than silicon-based devices. It can be used in applications such as low energy calculators, battery chargers, charging back up, and electrical feeders. Polymer-based solar cells are (one-tenth) cheaper than normal solar cells.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Organic Solar Cells market throughout the predicted period.
Dyesol (Australia), Heliatek (Germany), Mitsubishi (Germany), G24 (United States), Sigma-Aldrich (United States), Infinity PV (Denmark), Sono-Tek Corporation (United States), VTT Technical Research Centre of Finland (Finland) and Tridonic (Austria) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Belectric OPV (Germany) and Eni (Italy).
Segmentation Overview
The study have segmented the market of Global Organic Solar Cells market by Type (Bilayer Membrane Heterojunction, Schottky Type and Others), by Application (Building Integrated Photovoltaics, Mobile applications (Portable devices and vehicles), Conventional solar applications and Defense or military-based applications) and Region with country level break-up.
On the basis of geography, the market of Organic Solar Cells has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Large Investments in R&D for Organic Solar Cell Technology by Countries including Germany, France, and the UK is also Trending the Industry
Market Growth Drivers:
Increasing Demand Shift Towards Clean Energy and Rising Demand for Organic Solar Cell over Conventional Solar Cell due to its Benefits
Challenges:
Issue Related to Single Layer Organic Solar Cells does Not Work Well and Low Efficiency and Shorter Life Span Pose as Major Restraints for the Organic Solar Cell Market
Restraints:
High Manufacturing Cost of these Organic Solar Cells and A Large Number of Area Required For Installation
Opportunities:
Organic Solar Cells are Preferred Over Conventional Solar Cells on Account of Physical Properties Such as Design and Flexibility Which Allows Organic Cells to be Easily Converted Into Desired Shapes and Colors
Market Leaders and their Expansionary Development Strategies
Konarka’s Organic Solar Cell Assets Acquired by Belectric. Belectric, a Germany-based solar developer, financier, and construction firm with more than one gigawatt deployed has acquired the assets of bankrupt organic solar cell firm Konarka's German operations, Konarka Technologies GmbH.
Key Target Audience
Governments/Associations, Industry Investors, Manufacturer of energy devices, Manufacturers and Solution/Service Provider, Research Organizations and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.