The global polymer solar cells market is anticipated to show exponential growth during the assessment period 2017-2027. The global polymer solar cells market is poised to register a high CAGR of 21.5% during this period to reflect a market evaluation of a little more than US$ 290Mn by the end of 2027 from an estimation of about US$ 34 Mn in 2016.
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By application, the BIPV segment is expected to grow at the highest growth rate to register a CAGR of 23.3% in the assessment period 2017-2027. This segment dominated the global market since 2012 and is estimated to dominate the market in the period 2017-2027 by reflecting a high market value of about US$ 143 Mn by the end of 2027. Following the BIPV segment, consumer electronics and automotive segments show high potential during the assessment period.
Both these segments are anticipated to grow at the same pace, however, in terms of revenue, the consumer electronics segment shows an upper hand to remain in second position after BIPV. Consumer electronics segment is estimated to show a market evaluation of a little less than US$ 80 Mn by the end of 2027.
By geography, the Asia Pacific excluding Japan (APEJ) region is highly lucrative region for the growth of polymer solar cells market. The consumption of polymer solar cells in this region has increased dramatically since past couple of years. In 2016, the Asia Pacific excluding Japan (APEJ) region reflected highest revenue share and this trend is poised to continue in the coming years.
According to the global polymer solar cells market research report, the APEJ region is poised at a market evaluation, as high as US$ 124.5 Mn by the end of 2027 and is projected to grow exponentially at 24.6% CAGR throughout the assessment period 2017-2027, owing to several aspects such as rise in per capita income and high consumption of electronic devices. Japan region also shows high potential, to retain its second position with respect to growth rate and market value during the period of forecast.
Principal Consultant
Growing government initiatives and rise in the green buildings construction is pushing the consumption of polymer solar cells and hence the growth of the global polymer solar cells market. Increasing awareness of renewable sources of energy has led to rising use of renewable energy which is another contributing factor to the growth of the polymer solar cells market.
Other factors such as market expansion by various key manufacturers to exploit new opportunities, increasing focus on technological development, enhancing the efficiency of organic photovoltaic cells, rise in the electronic and electrical industry thus boosting the use of polymer solar cells, expanding automobile industry presenting huge opportunities for solar cells, expansion of the construction industry where solar panels are encouraged on new buildings and development of bulk hetero junction solar cells, are contributing to the growth of the global polymer solar cell market.
The trend of seeking clean low cost energy is on the rise and several manufacturers are willing to invest more on the solar cell technology. The polymer solar cell technology presents a sustainable source of energy which is environment friendly as it does not produce toxic waste.
However, challenges such as high dependency on fossil fuel, fluctuations in pricing of oil and gas, less power conversion efficiency as compared to silicon solar cells, low stability and strength and availability of alternative solar cells could pose hindrances in the growth of the global polymer solar cells market.
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The polymer solar cells market is expected to grow at a 21.6% CAGR from 2022 to 2032
By 2022-end, the polymer solar cells market sales are likely to reach US$ 108 Million
By 2032-end, polymer solar cells market sales are likely to reach US$ 763 Million
Tata Power Solar Systems Limited, Trina Solar Limited, and SolarWorld AG are some leading polymer solar cell manufacturers.
1. Executive Summary 1.1. Market Overview 1.2. Market Analysis 1.3. Wheel of Fortune 2. Market Introduction 2.1. Market Taxonomy 2.2. Market Definition 2.3. Parent Market Overview 3. Market View Point 3.1. Macro-Economic Factors 3.1.1. Global Industry Value Added 3.1.2. Global Renewable Energy Growth Outlook 3.1.3. Indicative Supply Demand Scenario Representation 4. North America Polymer Solar Cells Analysis 2012–2016 and Forecast 2017–2027 4.1. Introduction 4.2. Historical and Future Market Analysis 4.3. Regional Market Dynamics 4.3.1. Drivers 4.3.2. Restraints 4.3.3. Trends 4.4. Historical Market Size (US$ Mn) Trend Analysis By Country, 2012–2016 4.4.1. U.S. 4.4.2. Canada 4.5. Market Size (US$ Mn) Forecast By Country, 2017–2027 4.5.1. U.S. 4.5.2. Canada 4.6. Historical Market Size (US$ Mn) Trend Analysis By Junction Type, 2012–2016 4.6.1. Single 4.6.2. Bilayer 4.6.3. Bulk Heterojunction 4.6.4. Multi-junction 4.6.5. Others 4.7. Market Size (US$ Mn) Forecast By Junction Type, 2017–2027 4.7.1. Single 4.7.2. Bilayer 4.7.3. Bulk Heterojunction 4.7.4. Multi-junction 4.7.5. Others 4.8. Historical Market Size (US$ Mn) Trend Analysis By Technique, 2012–2016 4.8.1. Printing 4.8.2. Coating 4.9. Market Size (US$ Mn) Forecast By Technique, 2017–2027 4.9.1. Printing 4.9.2. Coating 4.10. Historical Market Size (US$ Mn) Trend Analysis By Application, 2012–2016 4.10.1. BIPV (Building-integrated Photovoltaic) 4.10.2. Consumer Electronics 4.10.3. Automotive 4.10.4. Defense and Emergency 4.11. Market Size (US$ Mn) Forecast By Application, 2017–2027 4.11.1. BIPV (Building-integrated Photovoltaic) 4.11.2. Consumer Electronics 4.11.3. Automotive 4.11.4. Defense and Emergency 4.11.5. Others 4.12. Market Attractiveness Analysis 4.12.1. By Country 4.12.2. By Junction Type 4.12.3. By Technique 4.12.4. By Application 5. Latin America Polymer Solar Cells Analysis 2012–2016 and Forecast 2017–2027 5.1. Introduction 5.2. Historical and Future Market Analysis 5.3. Regional Market Dynamics 5.3.1. Drivers 5.3.2. Restraints 5.3.3. Trends 5.4. Historical Market Size (US$ Mn) Trend Analysis By Country, 2012–2016 5.4.1. Brazil 5.4.2. Mexico 5.4.3. Chile 5.4.4. Rest of Latin America 5.5. Market Size (US$ Mn) Forecast By Country, 2017–2027 5.5.1. Brazil 5.5.2. Mexico 5.5.3. Chile 5.5.4. Rest of Latin America 5.6. Historical Market Size (US$ Mn) Trend Analysis By Junction Type, 2012–2016 5.6.1. Single 5.6.2. Bilayer 5.6.3. Bulk Heterojunction 5.6.4. Multi-junction 5.6.5. Others 5.7. Market Size (US$ Mn) Forecast By Junction Type, 2017–2027 5.7.1. Single 5.7.2. Bilayer 5.7.3. Bulk Heterojunction 5.7.4. Multi-junction 5.7.5. Others 5.8. Historical Market Size (US$ Mn) Trend Analysis By Technique, 2012–2016 5.8.1. Printing 5.8.2. Coating 5.9. Market Size (US$ Mn) Forecast By Technique, 2017–2027 5.9.1. Printing 5.9.2. Coating 5.10. Historical Market Size (US$ Mn) Trend Analysis By Application, 2012–2016 5.10.1. BIPV (Building-integrated Photovoltaic) 5.10.2. Consumer Electronics 5.10.3. Automotive 5.10.4. Defense and Emergency 5.11. Market Size (US$ Mn) Forecast By Application, 2017–2027 5.11.1. BIPV (Building-integrated Photovoltaic) 5.11.2. Consumer Electronics 5.11.3. Automotive 5.11.4. Defense and Emergency 5.11.5. Others 5.12. Market Attractiveness Analysis 5.12.1. By Country 5.12.2. By Junction Type 5.12.3. By Technique 5.12.4. By Application 6. Western Europe Polymer Solar Cells Analysis 2012–2016 and Forecast 2017–2027 6.1. Introduction 6.2. Historical and Future Market Analysis 6.3. Regional Market Dynamics 6.3.1. Drivers 6.3.2. Restraints 6.3.3. Trends 6.4. Historical Market Size (US$ Mn) Trend Analysis By Country, 2012–2016 6.4.1. Germany 6.4.2. Italy 6.4.3. U.K. 6.4.4. France 6.4.5. Spain 6.4.6. BENELUX 6.4.7. Nordic 6.4.8. Rest of Western Europe 6.5. Market Size (US$ Mn) Forecast By Country, 2017–2027 6.5.1. Germany 6.5.2. Italy 6.5.3. U.K. 6.5.4. France 6.5.5. Spain 6.5.6. BENELUX 6.5.7. Nordic 6.5.8. Rest of Western Europe 6.6. Historical Market Size (US$ Mn) Trend Analysis By Junction Type, 2012–2016 6.6.1. Single 6.6.2. Bilayer 6.6.3. Bulk Heterojunction 6.6.4. Multi-junction 6.6.5. Others 6.7. Market Size (US$ Mn) Forecast By Junction Type, 2017–2027 6.7.1. Single 6.7.2. Bilayer 6.7.3. Bulk Heterojunction 6.7.4. Multi-junction 6.7.5. Others 6.8. Historical Market Size (US$ Mn) Trend Analysis By Technique, 2012–2016 6.8.1. Printing 6.8.2. Coating 6.9. Market Size (US$ Mn) Forecast By Technique, 2017–2027 6.9.1. Printing 6.9.2. Coating 6.10. Historical Market Size (US$ Mn) Trend Analysis By Application, 2012–2016 6.10.1. BIPV (Building-integrated Photovoltaic) 6.10.2. Consumer Electronics 6.10.3. Automotive 6.10.4. Defense and Emergency 6.11. Market Size (US$ Mn) Forecast By Application, 2017–2027 6.11.1. BIPV (Building-integrated Photovoltaic) 6.11.2. Consumer Electronics 6.11.3. Automotive 6.11.4. Defense and Emergency 6.11.5. Others 6.12. Market Attractiveness Analysis 6.12.1. By Country 6.12.2. By Junction Type 6.12.3. By Technique 6.12.4. By Application 7. Eastern Europe Polymer Solar Cells Analysis 2012–2016 and Forecast 2017–2027 7.1. Introduction 7.2. Historical and Future Market Analysis 7.3. Regional Market Dynamics 7.3.1. Drivers 7.3.2. Restraints 7.3.3. Trends 7.4. Historical Market Size (US$ Mn) Trend Analysis By Country, 2012–2016 7.4.1. Russia 7.4.2. Poland 7.4.3. Rest of Eastern Europe 7.5. Market Size (US$ Mn) Forecast By Country, 2017–2027 7.5.1. Russia 7.5.2. Poland 7.5.3. Czech 7.5.4. Rest of Eastern Europe 7.6. Historical Market Size (US$ Mn) Trend Analysis By Junction Type, 2012–2016 7.6.1. Single 7.6.2. Bilayer 7.6.3. Bulk Heterojunction 7.6.4. Multi-junction 7.6.5. Others 7.7. Market Size (US$ Mn) Forecast By Junction Type, 2017–2027 7.7.1. Single 7.7.2. Bilayer 7.7.3. Bulk Heterojunction 7.7.4. Multi-junction 7.7.5. Others 7.8. Historical Market Size (US$ Mn) Trend Analysis By Technique, 2012–2016 7.8.1. Printing 7.8.2. Coating 7.9. Market Size (US$ Mn) Forecast By Technique, 2017–2027 7.9.1. Printing 7.9.2. Coating 7.10. Historical Market Size (US$ Mn) Trend Analysis By Application, 2012–2016 7.10.1. BIPV (Building-integrated Photovoltaic) 7.10.2. Consumer Electronics 7.10.3. Automotive 7.10.4. Defense and Emergency 7.11. Market Size (US$ Mn) Forecast By Application, 2017–2027 7.11.1. BIPV (Building-integrated Photovoltaic) 7.11.2. Consumer Electronics 7.11.3. Automotive 7.11.4. Defense and Emergency 7.11.5. Others 7.12. Market Attractiveness Analysis 7.12.1. By Country 7.12.2. By Junction Type 7.12.3. By Technique 7.12.4. By Application 8. Japan Polymer Solar Cells Analysis 2012–2016 and Forecast 2017–2027 8.1. Introduction 8.2. Historical and Future Market Analysis 8.3. Regional Market Dynamics 8.3.1. Drivers 8.3.2. Restraints 8.3.3. Trends 8.4. Historical Market Size (US$ Mn) Trend Analysis By Junction Type, 2012–2016 8.4.1. Single 8.4.2. Bilayer 8.4.3. Bulk Heterojunction 8.4.4. Multi-junction 8.4.5. Others 8.5. Market Size (US$ Mn) Forecast By Junction Type, 2017–2027 8.5.1. Single 8.5.2. Bilayer 8.5.3. Bulk Heterojunction 8.5.4. Multi-junction 8.5.5. Others 8.6. Historical Market Size (US$ Mn) Trend Analysis By Technique, 2012–2016 8.6.1. Printing 8.6.2. Coating 8.7. Market Size (US$ Mn) Forecast By Technique, 2017–2027 8.7.1. Printing 8.7.2. Coating 8.8. Historical Market Size (US$ Mn) Trend Analysis By Application, 2012–2016 8.8.1. BIPV (Building-integrated Photovoltaic) 8.8.2. Consumer Electronics 8.8.3. Automotive 8.8.4. Defense and Emergency 8.9. Market Size (US$ Mn) Forecast By Application, 2017–2027 8.9.1. BIPV (Building-integrated Photovoltaic) 8.9.2. Consumer Electronics 8.9.3. Automotive 8.9.4. Defense and Emergency 8.9.5. Others 8.10. Market Attractiveness Analysis 8.10.1. By Country 8.10.2. By Junction Type 8.10.3. By Technique 8.10.4. By Application 9. Asia Pacific Excluding Japan (APEJ) Polymer Solar Cells Analysis 2012–2016 and Forecast 2017–2027 9.1. Introduction 9.2. Historical and Future Market Analysis 9.3. Regional Market Dynamics 9.3.1. Drivers 9.3.2. Restraints 9.3.3. Trends 9.4. Historical Market Size (US$ Mn) Trend Analysis By Country, 2012–2016 9.4.1. China 9.4.2. India 9.4.3. ASEAN 9.4.4. Australia and New Zealand 9.4.5. Rest of APEJ 9.5. Market Size (US$ Mn) Forecast By Country, 2017–2027 9.5.1. China 9.5.2. India 9.5.3. ASEAN 9.5.4. Australia and New Zealand 9.5.5. Rest of APEJ 9.6. Historical Market Size (US$ Mn) Trend Analysis By Junction Type, 2012–2016 9.6.1. Single 9.6.2. Bilayer 9.6.3. Bulk Heterojunction 9.6.4. Multi-junction 9.6.5. Others 9.7. Market Size (US$ Mn) Forecast By Junction Type, 2017–2027 9.7.1. Single 9.7.2. Bilayer 9.7.3. Bulk Heterojunction 9.7.4. Multi-junction 9.7.5. Others 9.8. Historical Market Size (US$ Mn) Trend Analysis By Technique, 2012–2016 9.8.1. Printing 9.8.2. Coating 9.9. Market Size (US$ Mn) Forecast By Technique, 2017–2027 9.9.1. Printing 9.9.2. Coating 9.10. Historical Market Size (US$ Mn) Trend Analysis By Application, 2012–2016 9.10.1. BIPV (Building-integrated Photovoltaic) 9.10.2. Consumer Electronics 9.10.3. Automotive 9.10.4. Defense and Emergency 9.11. Market Size (US$ Mn) Forecast By Application, 2017–2027 9.11.1. BIPV (Building-integrated Photovoltaic) 9.11.2. Consumer Electronics 9.11.3. Automotive 9.11.4. Defense and Emergency 9.11.5. Others 9.12. Market Attractiveness Analysis 9.12.1. By Country 9.12.2. By Junction Type 9.12.3. By Technique 9.12.4. By Application 10. Middle East Polymer Solar Cells Analysis 2012–2016 and Forecast 2017–2027 10.1. Introduction 10.2. Historical and Future Market Analysis 10.3. Regional Market Dynamics 10.3.1. Drivers 10.3.2. Restraints 10.3.3. Trends 10.4. Historical Market Size (US$ Mn) Trend Analysis By Country, 2012–2016 10.4.1. GCC Countries 10.4.2. Northern Africa 10.4.3. Israel 10.4.4. South Africa 10.4.5. Rest of MEA 10.5. Market Size (US$ Mn) Forecast By Country, 2017–2027 10.5.1. GCC Countries 10.5.2. Northern Africa 10.5.3. Israel 10.5.4. South Africa 10.5.5. Rest of MEA 10.6. Historical Market Size (US$ Mn) Trend Analysis By Junction Type, 2012–2016 10.6.1. Single 10.6.2. Bilayer 10.6.3. Bulk Heterojunction 10.6.4. Multi-junction 10.6.5. Others 10.7. Market Size (US$ Mn) Forecast By Junction Type, 2017–2027 10.7.1. Single 10.7.2. Bilayer 10.7.3. Bulk Heterojunction 10.7.4. Multi-junction 10.7.5. Others 10.8. Historical Market Size (US$ Mn) Trend Analysis By Technique, 2012–2016 10.8.1. Printing 10.8.2. Coating 10.9. Market Size (US$ Mn) Forecast By Technique, 2017–2027 10.9.1. Printing 10.9.2. Coating 10.10. Historical Market Size (US$ Mn) Trend Analysis By Application, 2012–2016 10.10.1. BIPV (Building-integrated Photovoltaic) 10.10.2. Consumer Electronics 10.10.3. Automotive 10.10.4. Defense and Emergency 10.11. Market Size (US$ Mn) Forecast By Application, 2017–2027 10.11.1. BIPV (Building-integrated Photovoltaic) 10.11.2. Consumer Electronics 10.11.3. Automotive 10.11.4. Defense and Emergency 10.11.5. Others 10.12. Market Attractiveness Analysis 10.12.1. By Country 10.12.2. By Junction Type 10.12.3. By Technique 10.13. By Application 11. Competition Landscape 11.1. Competition Dashboard 11.2. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments) 11.2.1. Heliatek GmbH 11.2.2. infinityPV ApS 11.2.3. BELECTRIC OPV GmbH (OPVIUS GmbH) 11.2.4. SUNEW 11.2.5. Solarmer Energy, Inc. 11.2.6. Armor Group 11.2.7. Solvay S.A. 11.2.8. Eight19 Ltd. 11.2.9. SolarWindow Technologies, Inc. 11.2.10. Raynergy Tek Incorporation 12. Global Polymer Solar Cells Analysis 2012–2016 and Forecast 2017–2027 By Region 12.1. Introduction / Key Findings 12.2. Market Size (US$ Mn) Forecast By Region 12.2.1. North America 12.2.2. Latin America 12.2.3. Western Europe 12.2.4. Eastern Europe 12.2.5. Japan 12.2.6. Asia Pacific Excluding Japan 12.2.7. Middle East and Africa 12.3. Market Attractiveness Analysis By Region 13. Global Polymer Solar Cells Analysis 2012–2016 and Forecast 2017–2027, By Junction Type 13.1. Introduction 13.2. Historical Market Size (US$ Mn) Trend Analysis By Junction Type, 2012–2016 13.2.1. Single 13.2.2. Bilayer 13.2.3. Bulk Heterojunction 13.2.4. Multi-junction 13.2.5. Others 13.3. Market Size (US$ Mn) Forecast By Junction Type, 2017–2027 13.3.1. Single 13.3.2. Bilayer 13.3.3. Bulk Heterojunction 13.3.4. Multi-junction 13.3.5. Others 13.4. Market Attractiveness Analysis By Junction Type 14. Global Polymer Solar Cells Analysis 2012–2016 and Forecast 2017–2027 By Technique 14.1. Introduction 14.2. Historical Market Size (US$ Mn) Trend Analysis By Technique, 2012–2016 14.2.1. Printing 14.2.2. Coating 14.3. Market Size (US$ Mn) Forecast By Technique, 2017–2027 14.3.1. Printing 14.3.2. Coating 14.4. Market Attractiveness Analysis By Technique 15. Global Polymer Solar Cells Analysis 2012–2016 and Forecast 2017–2027 By Application 15.1. Introduction 15.2. Historical Market Size (US$ Mn) Trend Analysis By Application, 2012–2016 15.2.1. BIPV (Building-integrated photovoltaic) 15.2.2. Consumer Electronics 15.2.3. Automotive 15.2.4. Defense and Emergency 15.2.5. Others 15.3. Market Size (US$ Mn) Forecast By Application, 2017–2027 15.3.1. BIPV (Building-integrated photovoltaic) 15.3.2. Consumer Electronics 15.3.3. Automotive 15.3.4. Defense and Emergency 15.3.5. Others 15.4. Market Attractiveness Analysis By Application 16. Global Polymer Solar Cells Analysis 2012–2016 and Forecast 2017–2027 16.1. Market Value Projections 16.2. Market Historical and Future Market Analysis 16.3. Forecast Factors: Relevance and Impact 17. Research Methodology 18. Assumptions & Acronyms Used
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Polymer Solar Cells Market
