Industry Background:
Polymer solar cells are broad, ranging from flexible solar modules and semitransparent solar cells in windows to building applications and even photon recycling in liquid-crystal displays. Its lightweight nature, large area coverage and low price with low area coverage, and low price with low cost of manufacturing. Moreover, increasing advancements in fabrication technology and increasing demand for clean energy across the globe due to high environmental concerns can create a new opportunity for the market. Rising demand from developing economies due to increasing awareness about adverse environmental impacts of fossil fuels.
According to AMA Research, the market for Polymer Solar Cells is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Rising Demand for Decentralized Energy Generation Systems
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Energy sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as InfinityPV ApS (Denmark), Heliatek GmbH (Germany), SolarWindow Technologies, Inc (United States), Sunew (Brazil), Solarmer Energy, Inc (American Reliance) (United States), Armor Group (France) and Solvay S.A. (Belgium), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, Armor Group has acquired IIMAK. The two companies are joining forces with multiple objectives, including strengthening their North and South America presence and offering customers a more comprehensive product portfolio. The combination will also leverage joint technological development to enhance existing products, rapidly develop new ones, and reduce their carbon footprint through optimized logistics.
In February 2020 Ricoh Company Ltd. has announced the launch of the world's first solid-state dye-sensitized solar cell (DSSC) modules, the RICOH EH DSSC series. This latest innovation from Ricoh can generate electricity from indoor light and produce new, renewable energy to allow electronics to maintain a charge.Global Polymer Solar Cells is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Regulatory Insights:
The U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO) supports funding opportunities for photo-voltaic, concentrating solar power, systems integration, technology to market, and soft costs projects. Following an open, competitive solicitation process, these funding opportunities encourage collaborative partnerships among industry, universities, national laboratories, federal, state, and local governments, and non-government agencies and advocacy groups. Solicitations may include financial or technical assistance.
Influencing Trend:
Technological Advancements Along With Growing Production Capacity and Increasing Concerns of People towards Renewable Energy Sources
Market Growth Drivers:
Rising Demand for Decentralized Energy Generation Systems and Increasing Demand for Electricity coupled with Rising Population
Challenges:
Lack of Proper Infrastructure
Restraints:
Concerns Related to the Climatic Conditions and Geographical Latitudes
Opportunities:
Government Initiatives for Promoting Solar Power Energy and Increasing Number of Electrification Projects in Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Polymer Solar Cells Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Polymer Solar Cells Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Polymer Solar Cells players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Polymer Solar Cells Study Sheds Light on
The Polymer Solar Cells Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Polymer Solar Cells industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Polymer Solar Cells industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.