Global Next-Generation Organic Solar Cell Market by Product type, Application, and Region, Global Industry Analysis and Forecast 2022 – 2030 offers assembled trends and predictions to clients. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. The report is an intensive investigation portraying the details and the new opportunity appraisal of the market.
The rise in the global energy crisis, environmental pollution, and rigorous regulations and provisions of government incentives and tax rebates to install solar panels are the key factors driving the growth of the global next-generation organic solar cell market. Moreover, the growing competition among producers with respect to the advancements in photovoltaic-based power systems, and growth in the count of solar power projects have also propelled the growth of this market. Additionally, investments made by governments are also promising to fuel the growth of this market. Nevertheless, climatic conditions and regional latitudes like snowfall- and rainfall-prone regions with factors such as reliability, production, and competitiveness might hinder the growth of this market.
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This report on global next-generation organic solar cell market is a comprehensive study, which has been developed to serve as an aid for the players in making more informed choices. The report contains in-depth analysis of all the factors that are expected to influence the market during the forecast period, favourably or negatively, and also profiles some of the key companies currently active, for their market share, capacity, and margin.
Market Trends
- Europe is expected to lead the global market for organic solar cells over the forecast time. Large investments in R&D for organic solar cells technology by nations, including Germany, France, and the UK, will definitely contribute to the region’s large market share. The building-integrated photovoltaic technology in Europe is in a development period and is being positively affected by the regulatory framework. The Directive on Energy Performance in Buildings (EPBD) and the Renewable Energy Directive are set up by the European Union (EU), creating the way for near-zero energy buildings.
- Major players in the market are using several strategies to strengthen their positions in this market. One of the preferred strategies is the enhancement of novel solutions that will aid them to diversify their product portfolios and extend their sales horizons. Moreover, many academic institutes are conducting new research, exploring the possible applications of organic solar cells For instance, in 2019, the Fraunhofer Institute for Laser Technology-led EffiLayers project in the North Rhine-Westphalian region in Germany is studying on the development of thin-film organic PVs that are malleable and printable. The research would allow manufacturers in the region to prepare newer technologies in the market.
- Asia-Pacific is foreseen to exhibit substantial growth during the forecast time owing to the increasing investments by major firms, prominently in China and Japan. China and India are set to be a potential market because government regulations that encourage power generation by renewable resources. The demand for organic solar cell in Asia Pacific is increasing continuously as these products are helping in generation of reusable source of power. North America had the second-largest share of the market because of the presence of small scale manufacturers in the region. Nonetheless, Latin America and the Middle East and Africa held the least share of the market.
Key players operating in the market:
Heliatek (Germany), ARMOR (France), infinityPV ApS (Denmark), Solarmer Energy, Inc. (U.S.), NanoFlex Power Corporation (U.S.), Optodot (U.S.), Eni (Italy), New Energy Technologies Inc. (U.S.), Novaled GmbH (Germany), Brite Solar (Greece)
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Key Benefits
- This report provides a quantitative analysis of the current trends and estimations from 2022 to 2030 of the Asia-Pacific Next-generation organic solar cell market to identify the prevailing market opportunities.
- Major countries in the region are mapped according to individual market revenue.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- The report includes an in-depth analysis of current research & clinical developments within the market is provided with key dynamic factors.
- Key players and their key developments in the recent years are listed.
Key Market Segments
By Product Type
- PN Junction Structure
- Dye-sensitized Nanocrystalline Solar Cells
By Application
- Consumer Electronics
- Wearable Device
- Architecture & Building Integration
- Others
By Region
- North America
- Europe
- Asia-Pacific
- LAMEA