The global market for organic solar cells was valued at US$25.5 mn in 2016 and is estimated to reach a valuation of US$97.4 mn by the end of 2020 expanding at a phenomenal CAGR of 21.20% between 2017 and 2020.
[INPRwire, Fri Jan 18 2019] Reports Search Engine (MRRSE) has included a new report titled “Organic Solar Cell Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
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This research study analyzes the market size of organic solar cells, in terms of volume (KW) and revenue (USD Thousand). Organic solar cells have been segmented on the basis of applications and geography, in order to provide a holistic view of the market. Market data for all the segments has been provided on a regional level for the period 2012 to 2020. A comprehensive competitive landscape including company market share analysis has also been provided in this report.
Key application segments in this study include: Building Integrated Photovoltaic (BIPV), mobile applications, conventional solar applications and defense or military based applications. The Building integrated Photovoltaic industry in particular has been benefited by the increase in the number of residential and non residential buildings and is expected to do well in near future. The easy incorporation of organic materials in the Building Integrated Photovoltaic (BIPV) industry has increased the demand for the organic solar cells in these applications. Regional data has been provided for North America, Europe, Asia Pacific and Rest of the World (RoW). Among these, the Rest of World includes the countries from Africa, Middle East and South America. The regional segmentation provides the detailed analysis of the region in terms of revenue (USD Thousand) and volume (KW).
The major countries that are dominating the organic solar cells market include Germany, Japan, France, the United Kingdom and the United States. Germany includes the companies such as Heliatek GmbH and BASF SE that are doing exceptionally well in the organic solar cell development. Heliatek GmbH has even formed collaboration with different companies at each and every step of value chain that has enabled it to capitalize the organic solar cell market. The Japanese market consists of some large players such as Mitsubishi Chemical Corporation and Sumitomo Chemical Co., Ltd that has diversified from their main business to reap the benefits of lucrative organic solar industry.
This report also includes Porter’s five forces model and value chain analysis. The Porter’s five forces model and the value chain analysis helps the reader to get an idea of overall market scenario by knowing each and every player involved at different steps of the market. Some of the key market participants that deal in organic solar cells manufacturing include Heliatek GmbH, Solarmer Energy, Inc., BELECTRIC OPV GmbH, Sumitomo Chemical Co., Ltd., Disa Solar, New Energy Technologies, Inc. and Mitsubishi Chemical Corporation. The report provides an overview of these companies followed by their product segmentation, financial revenue (if available), business strategies, and recent developments. The companies involved in the company profile section involve all the leading players in the organic solar cell market. The report has provided the financial revenue for these companies in terms of USD million.
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The report also provides the market attractiveness and the company market share analysis. The market share analysis contains all the major companies involved in the manufacturing of the organic solar cells. The report has divided the market share on the basis of volume. The report also provides the market attractiveness for the organic solar cell market that helps to ascertain the profitable segments of the organic solar cell applications.
The report includes each and every aspect that is needed to be considered while investing in the organic solar cells market. The market for the organic solar cells is still in development phase, however the research and development activities in the field of the organic solar cell technology has resulted in the commercialization. The companies from various regions are investing heavily into this new market to gain the first mover advantage. The reasonable amount of research and development has resulted in improved efficiency and lifespan for the organic solar cells.
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