The organic photovoltaics (OPV) market is expected to grow from USD 183.67 Million in 2022 to USD 1069.03 Million by 2032, at a CAGR of 19.26% during the forecast period 2023-2032.
Organic photovoltaics or organic solar cells refer to multilayer photovoltaic appliances made with organic compounds, altering solar energy into electricity. An organic solar cell utilises carbon-based material & organic electronics instead of silicon as a semiconductor. Organic Photovoltaics (OPVs) are made of organic materials, which are less expensive and more environmentally friendly than silicon-based solar cells. The general structure of an organic photovoltaics device consists of a coating of organic semiconductor fabric sandwiched between two electrical contacts, which are deposited on transparent substrates.
The driving factors of the market growth are the increasing demand for OPVs from various applications like consumer electronics and architecture & building integration. Also, the rising infrastructure developments, population growth, and flourishing industrial sectors are expected to propel market growth. However, rising demand from utility-scale power generation coupled with the rising installations of large-scale solar parks are helping to boost the market growth. The difficulties in the generation of electric power as well as the shorter life span of the OPVs, are the restraining factors of the market growth. The ever-increasing demand for renewable energy and the rising awareness regarding environmental issues are opportunities for market growth.
This study delivers a comprehensive analysis of application, product, and region. The application segment includes a wearable device, customer electronics, architecture & building integration, and others. The consumer electronics segment holds the largest market share in 2022 due to the increasing demand from households and the changing lifestyles of individuals. The product segment includes dye-sensitized nanocrystalline solar cells (DSSC) and PN junction structure (P-N Heterojunction). The dye-sensitized nanocrystalline solar cells (DSSC) segment held the largest market share in 2022 due to the increasing demand for dye-sensitized solar cells for portable charging.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America holds the largest market share due to the growing demand for electricity due to population growth and industrialization in developing countries. Additionally, the growing awareness about incorporating electricity into various products and the rising demand for sufficient electricity in developing & under-developed countries are also helping to boost the market growth in this region. The Asia Pacific is projected to observe significant growth due to the cost-effectiveness of organic cells. Additionally, government initiatives to encourage the use of solar cells for power generation to benefit the nation are expected to propel market growth. Moreover, the increasing utilization of electricity worldwide with a growing population around the globe is helping to boost market growth over the forecast period.
Some of the notable players in the market are Heliatek, ARMOR Group, Mitsubishi Chemical, AGC, EMD Performance Materials, Advent Technologies Inc., Henkel, Belectric, Toshiba, Sumitomo Chemical, Belectric, Infinity PV ApS, BASF, KOLON INDUSTRIES, INC., Raynergy Tek Incorporation, Solar Windows Technologies, DisaSolar, Heraeus, Mekoprint, NanoFlex Power Corporation, and among others.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Application
4.3.2. Market Attractiveness Analysis By Product
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Market Evaluation
5.3. Drivers
5.3.1. The increasing demand for OPVs from various applications
5.3.2. The rising demand from utility-scale power generation
5.4. Restraints
5.4.1. The difficulties in the generation of electric power
5.4.2. The shorter life span of the OPVs
5.5. Opportunities
5.5.1. The ever-increasing demand for renewable energy
5.5.2. The rising awareness regarding environmental issues
6. Global Organic Photovoltaics (OPV) Market Analysis and Forecast, By Application
6.1. Segment Overview
6.2. Wearable Device
6.3. Consumer Electronics
6.4. Architecture & Building Integration
6.5. Others
7. Global Organic Photovoltaics (OPV) Market Analysis and Forecast, By Product
7.1. Segment Overview
7.2. Dye-sensitized Nanocrystalline Solar Cells (DSSC)
7.3. PN Junction Structure (P-N Heterojunction)
8. Global Organic Photovoltaics (OPV) Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Organic Photovoltaics (OPV) Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global Organic Photovoltaics (OPV) Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Heliatek
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. ARMOR Group
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Mitsubishi Chemical
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. AGC
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. EMD Performance Materials
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Advent Technologies Inc.
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Henkel
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Belectric
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Toshiba
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Sumitomo Chemical
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. Belectric
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Infinity PV ApS
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. BASF
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. KOLON INDUSTRIES, INC.
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Product Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. Raynergy Tek Incorporation
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Product Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
10.16. Solar Windows Technologies
10.16.1. Business Overview
10.16.2. Company Snapshot
10.16.3. Company Market Share Analysis
10.16.4. Company Product Portfolio
10.16.5. Recent Developments
10.16.6. SWOT Analysis
10.17. DisaSolar
10.17.1. Business Overview
10.17.2. Company Snapshot
10.17.3. Company Market Share Analysis
10.17.4. Company Product Portfolio
10.17.5. Recent Developments
10.17.6. SWOT Analysis
10.18. Heraeus
10.18.1. Business Overview
10.18.2. Company Snapshot
10.18.3. Company Market Share Analysis
10.18.4. Company Product Portfolio
10.18.5. Recent Developments
10.18.6. SWOT Analysis
10.19. Mekoprint
10.19.1. Business Overview
10.19.2. Company Snapshot
10.19.3. Company Market Share Analysis
10.19.4. Company Product Portfolio
10.19.5. Recent Developments
10.19.6. SWOT Analysis
10.20. NanoFlex Power Corporation
10.20.1. Business Overview
10.20.2. Company Snapshot
10.20.3. Company Market Share Analysis
10.20.4. Company Product Portfolio
10.20.5. Recent Developments
10.20.6. SWOT Analysis
List of Table
1. Global Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
2. Global Wearable Device, Organic Photovoltaics (OPV) Market, By Region, 2019-2032 (USD Million)
3. Global Consumer Electronics, Organic Photovoltaics (OPV) Market, By Region, 2019-2032 (USD Million)
4. Global Architecture & Building Integration, Organic Photovoltaics (OPV) Market, By Region, 2019-2032 (USD Million)
5. Global Others, Organic Photovoltaics (OPV) Market, By Region, 2019-2032 (USD Million)
6. Global Organic Photovoltaics (OPV) Market, By Product, 2019-2032 (USD Million)
7. Global Dye-sensitized Nanocrystalline Solar Cells (DSSC), Organic Photovoltaics (OPV) Market, By Region, 2019-2032 (USD Million)
8. Global PN Junction Structure (P-N Heterojunction), Organic Photovoltaics (OPV) Market, By Region, 2019-2032 (USD Million)
9. North America Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
10. North America Organic Photovoltaics (OPV) Market, By Product, 2019-2032 (USD Million)
11. U.S. Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
12. U.S. Organic Photovoltaics (OPV) Market, By Product, 2019-2032 (USD Million)
13. Canada Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
14. Canada Organic Photovoltaics (OPV) Market, By Product, 2019-2032 (USD Million)
15. Mexico Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
16. Mexico Organic Photovoltaics (OPV) Market, By Product, 2019-2032 (USD Million)
17. Europe Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
18. Europe Organic Photovoltaics (OPV) Market, By Product, 2019-2032 (USD Million)
19. Germany Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
20. Germany Organic Photovoltaics (OPV) Market, By Product, 2019-2032 (USD Million)
21. France Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
22. France Organic Photovoltaics (OPV) Market, By Product 2019-2032 (USD Million)
23. U.K. Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
24. U.K. Organic Photovoltaics (OPV) Market, By Product 2019-2032 (USD Million)
25. Italy Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
26. Italy Organic Photovoltaics (OPV) Market, By Product 2019-2032 (USD Million)
27. Spain Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
28. Spain Organic Photovoltaics (OPV) Market, By Product 2019-2032 (USD Million)
29. Asia Pacific Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
30. Asia Pacific Organic Photovoltaics (OPV) Market, By Product 2019-2032 (USD Million)
31. Japan Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
32. Japan Organic Photovoltaics (OPV) Market, By Product 2019-2032 (USD Million)
33. China Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
34. China Organic Photovoltaics (OPV) Market, By Product 2019-2032 (USD Million)
35. India Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
36. India Organic Photovoltaics (OPV) Market, By Product 2019-2032 (USD Million)
37. South America Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
38. South America Organic Photovoltaics (OPV) Market, By Product 2019-2032 (USD Million)
39. Brazil Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
40. Brazil Organic Photovoltaics (OPV) Market, By Product 2019-2032 (USD Million)
41. Middle East and Africa Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
42. Middle East and Africa Organic Photovoltaics (OPV) Market, By Product 2019-2032 (USD Million)
43. UAE Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
44. UAE Organic Photovoltaics (OPV) Market, By Product 2019-2032 (USD Million)
45. South Africa Organic Photovoltaics (OPV) Market, By Application, 2019-2032 (USD Million)
46. South Africa Organic Photovoltaics (OPV) Market, By Product 2019-2032 (USD Million)
List of Figures
1. Global Organic Photovoltaics (OPV) Market Segmentation
2. Global Organic Photovoltaics (OPV) Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Organic Photovoltaics (OPV) Market Attractiveness Analysis By Application
9. Global Organic Photovoltaics (OPV) Market Attractiveness Analysis By Product
10. Global Organic Photovoltaics (OPV) Market Attractiveness Analysis By Region
11. Global Organic Photovoltaics (OPV) Market: Dynamics
12. Global Organic Photovoltaics (OPV) Market Share By Application (2023 & 2032)
13. Global Organic Photovoltaics (OPV) Market Share By Product (2023 & 2032)
14. Global Organic Photovoltaics (OPV) Market Share By Regions (2023 & 2032)
15. Global Organic Photovoltaics (OPV) Market Share By Company (2022)
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