The
global organic solar cell market stood at US$25.5 mn in 2013 and is
predicted to reach US$97.4 mn by 2020. It is expected to rise at a
remarkable CAGR of 21.20% between 2014 and 2020. “Organic Solar
Cell Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2014 - 2020”.Organic solar cells present a way for
converting solar energy into electric energy and are advantageous in
comparison with conventional solar cells owing to the fact that they
can be converted into various colors and shapes very easily. This
makes them a preferred choice in applications demanding flexibility
and design over efficiency. Furthermore, tax benefits and subsidies
provided by various governments in favor of renewable power
generation augments the growth of the market for organic solar cells.
On the other hand, the reduced lifespan and decreased efficiency of
organic solar cells are the two prime factors restraining the growth
of the market for organic solar cells.
In-depth
research report on Organic Solar Cell Market with Full TOC at :
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On
the basis of application, the organic solar cell market is segmented
into mobile applications, including vehicles and portable devices,
building integrated photovoltaic, defense or military-based
applications, and conventional solar applications. At present,
organic solar cells are majorly used in building integrated
photovoltaic applications. The portable devices in mobile
applications include laptops, tablets and mobiles, and solar bags,
among others. In defense applications, organic solar cells are
utilized as skins on military equipment. They are also used in
vehicles for powering smaller electrical systems, such as stereos,
within vehicles.
On
the basis of chemical manufacturing companies, the organic solar cell
market is segmented into two types of companies. The big chemical
manufacturing companies are the first type and includes BASF SE and
Sumitomo Chemical Co., Ltd. These companies utilize their expertise
in chemical manufacturing for making the organic polymer utilized in
the manufacturing of organic solar cells. The second type of
companies are the small manufacturing companies, including Solarmer
Energy, Inc. and Heliatek GmbH. These companies rely on other
companies and research laboratories for supplying raw materials.
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On
the basis of geography, the organic solar cell market is segmented
into Europe, Asia Pacific, North America, and Rest of the World
(RoW). Amongst these, Europe led the market, as the market is
dominated by companies in Germany, the U.K., and France. These
companies benefit from the expeditiously rising solar power market in
Europe. Additionally, the high number of subsidies and tax benefits
provided by European governments to the manufacturers and consumers
of solar power devices is also augmenting the demand for organic
solar cells in this region. On the other hand, the Asia Pacific
organic solar cell market is dominated by the presence of large
companies in Japan.BELECTRIC OPV GmbH, New Energy Technologies, Inc.,
Mitsubishi Chemical Corporation, and Disa Solar, among others, are
the prominent companies in the global organic solar cell market.
The
market has been segmented as follows:
Organic
solar cell market: Application analysis
- Building Integrated Photovoltaics
- Mobile applications (Portable devices and vehicles)
- Conventional solar applications
- Defense or military based applications
Organic
solar cell market: Regional analysis
- North America
- Europe
- Asia Pacific
- RoW (Rest of the World)
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Article Organic Solar Cell Market :
http://www.transparencymarketresearch.com/article/organic-solar-cells-market.htm
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