Report Id: SNS/C&M/1498 | May 2022 | Region: Global | 120 Pages
Report Scope & Overview:
Polymer solar cells Market, Size was valued at USD 0.09 billion in 2022, and is expected to reach USD 0.43 billion by 2030, and grow at a CAGR of 21.6% over the forecast period 2023-2030. Because of the constantly developing electronics sector worldwide, the global polymer solar cells market is expected to rise strongly. The global polymer solar cells market is growing due to a number of factors, including the development of the electrical and electronics industry, rapidly rising demand for renewable energy sources, global growth in the building and construction sector, and government backing, among others. Apart from that, the growing trend toward clean and green energy, as well as the expansion of the automobile and construction industries, are boosting the industry's market growth. Additionally, improvements in polymer solar cell manufacturing techniques to lower cost and improve performance, as well as a focus on the discovery of novel materials to make photovoltaics a superior alternative to traditional fuels, are positively impacting the market growth of polymer solar cells.
Increasing in demand for solar panels.
Need of clean and sustainable energy in electricity generation.
Clean energy sources are becoming more popular.
Focus on technological development.
Expand in the electronic and electrical industry.
Creation of ecologically friendly, renewable, and sustainable energy sources
Impact of covid-19:
The global economy has been in decline since the advent of the pandemic, resulting in decreasing disposable income among consumers around the world. As a result, demand for electronics, electrical gadgets, and appliances declined dramatically, decreasing the market's need for polymer solar cells.
Several governments enforced statewide lockdowns to combat the outbreak, forcing most businesses to close their doors. As a result, energy demand in big commercial establishments such as malls, offices, and others has decreased. As a result, demand for polymer solar cells has decreased in many commercial locations, hurting the market. A major difficulty for the industry has been the lack of competitive financial solutions induced by the economic slump, as well as the limited growth potential generated by the uncertainty over future electricity consumption.
Polymer solar cells are made in large quantities in China. However, the country's entire shutdown since the onset of the COVID-19 epidemic has impeded the worldwide polymer solar cells market's growth.
Tata Power Solar Systems Limited, Jinko Solar Holding Co. Ltd, Suniva Inc, Borg Inc., Heliatek GmbH, Trina Solar Limited, Solar World AG, Alps Technology Inc, Pionis Energy Technologies LLC, Infinity PV ApS, and other players.
By Junction Type
BIPV (Building Integrated Photovoltaic)
Defense and Emergency
The polymer solar PV cells market may be divided into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa based on region. Because of the huge number of renewable energy projects and rapid expansion of the power sector in the region, North America is the leading manufacturer of polymer solar PV cells. Due to the increased number of renewable energy projects, growth in the wearable solar electronics industry, and increased demand for electricity throughout the area, Asia Pacific also owns a significant proportion of the solar cells market. The expansion of the electronics and automobile sectors in Europe and Asia Pacific is driving global polymer solar PV cell markets in these regions. For global polymer solar PV cells, the Middle East and Africa is a new markets. However, during the projection period, the market in the region is expected to grow significantly. Latin America has likewise stepped up its efforts to generate renewable energy. In the region, investments are being made in the energy and power industries. As a result, Latin America represents a prospective market for polymer solar PV cells.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 0.09 Billion|
|Market Size by 2030||US$ 0.43 Billion|
|CAGR||CAGR of 21.6% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Junction Type (Single Layer, Bilayer, Bulk Heterojunction, Multi-Junction, Others)
• By Application (Bipv (Building Integrated Photovoltaic), Consumer Electronics, Automotive, Defense And Emergency, Others)
• By Technique (Printing Technique, Coating Technique)
• By Forms (Foils, Panels, Stickers)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Tata Power Solar Systems Limited, Jinko Solar Holding Co. Ltd, Suniva Inc, Borg Inc., Heliatek GmbH, Trina Solar Limited, Solar World AG, Alps Technology Inc, Pionis Energy Technologies LLC, Infinity PV ApS, and other players.|
|DRIVERS||• Increasing in demand for solar panels.
• Need of clean and sustainable energy in electricity generation.
|Restraints||• Clean energy sources are becoming more popular.|
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: The polymer solar PV cells market may be divided into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa based on region.
Ans: The global economy has been in decline since the advent of the pandemic, resulting in decreasing disposable income among consumers around the world. As a result, demand for electronics, electrical gadgets, and appliances declined dramatically, decreasing the market's need for polymer solar cells.
Ans: Clean energy sources are becoming more popular are the restraints for Polymer Solar Cells Market.
Ans: Global polymer solar cells market, Size was valued at USD 0.08 billion in 2021, and expected to reach USD 0.34 billion by 2028, and grow at a CAGR of 21.3 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 Rest of the World
5.Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Global polymer solar cells market segment, by Junction Type
8.1 Single Layer
8.3 Bulk Heterojunction
8.4 Multi - junction
9.Global polymer solar cells market segment, by Application
9.1 BIPV (Building Integrated Photovoltaic)
9.2 Consumer Electronics
9.4 Defense and Emergency
10.Global polymer solar cells market segment, by Technique
10.1 Printing Technique
10.2 Coating Technique
11.Global polymer solar cells market segment, by Forms
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Tata Power Solar Systems Limited,
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Jinko Solar Holding Co. Ltd
13.3 Suniva Inc, Borg Inc.
13.4 Heliatek GmbH
13.5 Trina Solar Limited
13.6 Solar World AG
13.7 Alps Technology Inc
13.8 Pionis Energy Technologies LLC
13.9 Infinity PV ApS
14. Competitive Landscape
14.2 Market Share Analysis
14.3 Recent Developments
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