The global polymer solar cells market is anticipated to show exponential growth during the assessment period 2022 to 2032. The global polymer solar cells market is poised to register a high CAGR of 21.6% during this period to reflect a market evaluation of a little more than USD 763 Million by the end of 2032 from an estimation of about USD 34 Million in 2016.
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 to 2027. This segment dominated the global market since 2012 and is estimated to dominate the market in the period 2017 to 2027 by reflecting a high market value of about USD 143 Million 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 USD 80 Million 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 report, the APEJ region is poised at a market evaluation, as high as USD 124.5 Million by the end of 2027 and is projected to grow exponentially at 24.6% CAGR throughout the assessment period 2017 to 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.
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.
Table 01: North America Polymer Solar Cells Market Value (US$ Mn) Forecast by Country, 2012-2027
Table 02: North America Polymer Solar Cells Market Value (US$ Mn) Forecast by Junction Type, 2012-2027
Table 03: North America Polymer Solar Cells Market Value (US$ Mn) Forecast by Technique, 2012-2027
Table 04: North America Polymer Solar Cells Market Value (US$ Mn) Forecast by Application, 2012-2027
Table 05: Latin America Polymer Solar Cells Market Value (US$ Mn) Forecast by Country, 2012-2027
Table 06: Latin America Polymer Solar Cells Market Value (US$ Mn) Forecast by Junction Type, 2012-2027
Table 07: Latin America Polymer Solar Cells Market Value (US$ Mn) Forecast by Technique, 2012-2027
Table 08: Latin America Polymer Solar Cells Market Value (US$ Mn) Forecast by Application, 2012-2027
Table 09: Western Europe Polymer Solar Cells Market Value (US$ Mn) Forecast by Country, 2012-2027
Table 10: Latin America Polymer Solar Cells Market Value (US$ Mn) Forecast by Junction Type, 2012-2027
Table 11: Western Europe Polymer Solar Cells Market Value (US$ Mn) Forecast by Technique, 2012-2027
Table 12: Western Europe Polymer Solar Cells Market Value (US$ Mn) Forecast by Application, 2012-2027
Table 13: Eastern Europe Polymer Solar Cells Market Value (US$ Mn) Forecast by Country, 2012-2027
Table 14: Eastern Europe Polymer Solar Cells Market Value (US$ Mn) Forecast by Junction Type, 2012-2027
Table 15: Eastern Europe Polymer Solar Cells Market Value (US$ Mn) Forecast by Technique, 2012-2027
Table 16: Eastern Europe Polymer Solar Cells Market Value (US$ Mn) Forecast by Application, 2012-2027
Table 17: Japan Polymer Solar Cells Market Value (US$ Mn) Forecast by Junction Type, 2012-2027
Table 18: Japan Polymer Solar Cells Market Value (US$ Mn) Forecast by Technique, 2012-2027
Table 19: Japan Polymer Solar Cells Market Value (US$ Mn) Forecast by Application, 2012-2027
Table 20: APEJ Polymer Solar Cells Market Value (US$ Mn) Forecast by Country, 2012-2027
Table 21: APEJ Polymer Solar Cells Market Value (US$ Mn) Forecast by Junction Type, 2012-2027
Table 22: APEJ Polymer Solar Cells Market Value (US$ Mn) Forecast by Technique, 2012-2027
Table 23: APEJ Polymer Solar Cells Market Value (US$ Mn) Forecast by Application, 2012-2027
Table 24: MEA Polymer Solar Cells Market Value (US$ Mn) Forecast by Country, 2012-2027
Table 25: MEA Polymer Solar Cells Market Value (US$ Mn) Forecast by Junction Type, 2012-2027
Table 26: MEA Polymer Solar Cells Market Value (US$ Mn) Forecast by Technique, 2012-2027
Table 27: MEA Polymer Solar Cells Market Value (US$ Mn) Forecast by Application, 2012-2027
Table 28: Global Polymer Solar Cells Market Value (US$ Mn) Forecast by Region, 2012-2027
Table 29: Global Polymer Solar Cells Market Value (US$ Mn) Forecast by Junction Type, 2012-2027
Table 30: Global Polymer Solar Cells Market Value (US$ Mn) Forecast by Technique, 2012-2027
Table 31: Global Polymer Solar Cells Market Value (US$ Mn) Forecast by Application, 2012-2027
Figure 01: North America Polymer Solar Cells Market Value Share by Junction Type (2017)
Figure 02: North America Polymer Solar Cells Market Value Share by Technique (2017)
Figure 03: North America Polymer Solar Cells Market Value Share by Application (2017)
Figure 04: North America Polymer Solar Cells Market Value Share by Country (2017)
Figure 05: North America Polymer Solar Cells Market Size (US$ Mn) Forecast 2017 and 2027
Figure 06: North America Historical Market Size (US$ Mn), 2012 - 2016
Figure 07: North America Projected Polymer Solar Cells Market Size (US$ Mn) Analysis, 2017 - 2027
Figure 08: North America Polymer Solar Cells Market Value BPS Analysis By Country, 2017 & 2027
Figure 09: North America Polymer Solar Cells Market Y-o-Y Growth (%) By Country, 2016–2027
Figure 10: North America Polymer Solar Cells Market Attractiveness Analysis, By Country
Figure 11: U.S. Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 12: Canada Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 13: North America Polymer Solar Cells Market Share and BPS Analysis By Junction Type – 2012, 2017 & 2027
Figure 14: North America Polymer Solar Cells Market Y-o-Y Growth (%) By Junction Type, 2016–2027
Figure 15: North America Polymer Solar Cells Market Attractiveness Analysis, By Junction Type
Figure 16: North America Polymer Solar Cells Market Share and BPS Analysis By Technique – 2012, 2017 & 2027
Figure 17: North America Polymer Solar Cells Market Y-o-Y Growth (%) By Technique , 2016–2027
Figure 18: North America Polymer Solar Cells Market Attractiveness Analysis By Technique
Figure 19: North America Polymer Solar Cells Market Share and BPS Analysis By Application – 2012, 2017 & 2027
Figure 20: North America Polymer Solar Cells Market Y-o-Y Growth (%) By Application, 2016–2027
Figure 21: North America Polymer Solar Cells Market Attractiveness Analysis, By Application
Figure 22: Latin America Polymer Solar Cells Market Value Share by Junction Type (2017)
Figure 23: Latin America Polymer Solar Cells Market Value Share by Technique (2017)
Figure 24: Latin America Polymer Solar Cells Market Value Share by Application (2017)
Figure 25: Latin America Polymer Solar Cells Market Value Share by Country (2017)
Figure 26: Latin America Polymer Solar Cells Market Size (US$ Mn) Forecast 2017 and 2027
Figure 27: Latin America Historical Market Size (US$ Mn), 2012 - 2016
Figure 28: Latin America Projected Polymer Solar Cells Market Size (US$ Mn) Analysis, 2017 - 2027
Figure 29: Latin America Polymer Solar Cells Market Value BPS Analysis By Country, 2017 & 2027
Figure 30: Latin America Polymer Solar Cells Market Y-o-Y Growth (%) By Country, 2016–2027
Figure 31: Latin America Polymer Solar Cells Market Attractiveness Analysis, By Country
Figure 32: Brazil Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 33: Mexico Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 34: Chile Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 35: Rest of Latin America Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 36: Latin America Polymer Solar Cells Market Share and BPS Analysis By Junction Type – 2012, 2017 & 2027
Figure 37: Latin America Polymer Solar Cells Market Y-o-Y Growth (%) By Junction Type, 2016–2027
Figure 38: Latin America Polymer Solar Cells Market Attractiveness Analysis, By Junction Type
Figure 39: Latin America Polymer Solar Cells Market Share and BPS Analysis By Technique – 2012, 2017 & 2027
Figure 40: Latin America Polymer Solar Cells Market Y-o-Y Growth (%) By Technique , 2016–2027
Figure 41: Latin America Polymer Solar Cells Market Attractiveness Analysis By Technique
Figure 42: Latin America Polymer Solar Cells Market Share and BPS Analysis By Application – 2012, 2017 & 2027
Figure 43: Latin America Polymer Solar Cells Market Y-o-Y Growth (%) By Application, 2016–2027
Figure 44: Latin America Polymer Solar Cells Market Attractiveness Analysis, By Application
Figure 45: Western Europe Polymer Solar Cells Market Value Share by Junction Type (2017)
Figure 46: Western Europe Polymer Solar Cells Market Value Share by Technique (2017)
Figure 47: Western Europe Polymer Solar Cells Market Value Share by Application (2017)
Figure 48: Western Europe Polymer Solar Cells Market Value Share by Country (2017)
Figure 49: Western Europe Polymer Solar Cells Market Size (US$ Mn) Forecast 2017 and 2027
Figure 50: Western Europe Historical Market Size (US$ Mn), 2012 - 2016
Figure 51: Western Europe Projected Polymer Solar Cells Market Size (US$ Mn)
Figure 52: Western Europe Polymer Solar Cells Market Value BPS Analysis By Country, 2012, 2017 & 2027
Figure 53: Western Europe Polymer Solar Cells Market Y-o-Y Growth (%) By Country, 2016–2027
Figure 54: Western Europe Polymer Solar Cells Market Attractiveness Analysis, By Country
Figure 55: Germany Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 56: Italy Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 57: U.K Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 58: France Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 59: Spain Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 60: BENELUX Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 61: Nordic Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 62: Rest of Western Europe Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 63: Western Europe Polymer Solar Cells Market Share and BPS Analysis By Junction Type – 2012, 2017 & 2027
Figure 64: Western Europe Polymer Solar Cells Market Y-o-Y Growth (%) By Junction Type, 2016–2027
Figure 65: Western Europe Polymer Solar Cells Market Attractiveness Analysis, By Junction Type
Figure 66: Western Europe Polymer Solar Cells Market Share and BPS Analysis By Technique – 2012, 2017 & 2027
Figure 67: Western Europe Polymer Solar Cells Market Y-o-Y Growth (%) By Technique , 2016–2027
Figure 68: Western Europe Polymer Solar Cells Market Attractiveness Analysis By Technique
Figure 69: Western Europe Polymer Solar Cells Market Share and BPS Analysis By Application – 2012, 2017 & 2027
Figure 70: Western Europe Polymer Solar Cells Market Y-o-Y Growth (%) By Application, 2016–2027
Figure 71: Western Europe Polymer Solar Cells Market Attractiveness Analysis, By Application
Figure 72: Eastern Europe Polymer Solar Cells Market Value Share by Junction Type (2017)
Figure 73: Eastern Europe Polymer Solar Cells Market Value Share by Technique (2017)
Figure 74: Eastern Europe Polymer Solar Cells Market Value Share by Application (2017)
Figure 75: Eastern Europe Polymer Solar Cells Market Value Share by Country (2017)
Figure 76: Eastern Europe Polymer Solar Cells Market Size (US$ Mn) Forecast 2017 and 2027
Figure 77: Eastern Europe Historical Market Size (US$ Mn), 2012 - 2016
Figure 78: Eastern Europe Projected Polymer Solar Cells Market Size (US$ Mn) Analysis, 2017 - 2027
Figure 79: Eastern Europe Polymer Solar Cells Market Value BPS Analysis By Country, 2017 & 2027
Figure 80: Eastern Europe Polymer Solar Cells Market Y-o-Y Growth (%) By Country, 2016–2027
Figure 81: Eastern Europe Polymer Solar Cells Market Attractiveness Analysis, By Country
Figure 82: Russia Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 83: Poland Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 84: Rest of Eastern Europe Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 85: Eastern Europe Polymer Solar Cells Market Share and BPS Analysis By Junction Type – 2012, 2017 & 2027
Figure 86: Eastern Europe Polymer Solar Cells Market Y-o-Y Growth (%) By Junction Type, 2016–2027
Figure 87: Eastern Europe Polymer Solar Cells Market Attractiveness Analysis, By Junction Type
Figure 88: Eastern Europe Polymer Solar Cells Market Share and BPS Analysis By Technique – 2012, 2017 & 2027
Figure 89: Eastern Europe Polymer Solar Cells Market Y-o-Y Growth (%) By Technique , 2016–2027
Figure 90: Eastern Europe Polymer Solar Cells Market Attractiveness Analysis By Technique
Figure 91: Eastern Europe Polymer Solar Cells Market Share and BPS Analysis By Application – 2012, 2017 & 2027
Figure 92: Eastern Europe Polymer Solar Cells Market Y-o-Y Growth (%) By Application, 2016–2027
Figure 93: Eastern Europe Polymer Solar Cells Market Attractiveness Analysis, By Application
Figure 94: Japan Polymer Solar Cells Market Value Share by Junction Type (2017)
Figure 95: Japan Polymer Solar Cells Market Value Share by Technique (2017)
Figure 96: Japan Polymer Solar Cells Market Value Share by Application (2017)
Figure 97: Japan Polymer Solar Cells Market Value Share by Country (2017)
Figure 98: Japan Polymer Solar Cells Market Size (US$ Mn) Forecast 2017 and 2027
Figure 99: Japan Historical Market Size (US$ Mn), 2012 - 2016
Figure 100: Japan Projected Polymer Solar Cells Market Size (US$ Mn) Analysis, 2017 - 2027
Figure 101: Japan Polymer Solar Cells Market Share and BPS Analysis By Junction Type – 2012, 2017 & 2027
Figure 102: Japan Polymer Solar Cells Market Y-o-Y Growth (%) By Junction Type, 2016–2027
Figure 103: Japan Polymer Solar Cells Market Attractiveness Analysis, By Junction Type
Figure 104: Japan Polymer Solar Cells Market Share and BPS Analysis By Technique – 2012, 2017 & 2027
Figure 105: Japan Polymer Solar Cells Market Y-o-Y Growth (%) By Technique , 2016–2027
Figure 106: Japan Polymer Solar Cells Market Attractiveness Analysis By Technique
Figure 107: Japan Polymer Solar Cells Market Share and BPS Analysis By Application – 2012, 2017 & 2027
Figure 108: Japan Polymer Solar Cells Market Y-o-Y Growth (%) By Application, 2016–2027
Figure 109: Japan Polymer Solar Cells Market Attractiveness Analysis, By Application
Figure 110: APEJ Polymer Solar Cells Market Value Share by Junction Type (2017)
Figure 111: APEJ Polymer Solar Cells Market Value Share by Technique (2017)
Figure 112: APEJ Polymer Solar Cells Market Value Share by Application (2017)
Figure 113: APEJ Polymer Solar Cells Market Value Share by Country (2017)
Figure 114: APEJ Polymer Solar Cells Market Size (US$ Mn) Forecast 2017 and 2027
Figure 115: APEJ Historical Market Size (US$ Mn), 2012 - 2016
Figure 116: APEJ Projected Polymer Solar Cells Market Size (US$ Mn) Analysis, 2017 - 2027
Figure 117: APEJ Polymer Solar Cells Market Value BPS Analysis By Country, 2017 & 2027
Figure 118: APEJ Polymer Solar Cells Market Y-o-Y Growth (%) By Country, 2016–2027
Figure 119: APEJ Polymer Solar Cells Market Attractiveness Analysis, By Country
Figure 120: China Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 121: India Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 122: ASEAN Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 123: Australia and New Zealand Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 124: Rest of APEJ Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 125: APEJ Polymer Solar Cells Market Share and BPS Analysis By Junction Type – 2012, 2017 & 2027
Figure 126: APEJ Polymer Solar Cells Market Y-o-Y Growth (%) By Junction Type, 2016–2027
Figure 127: APEJ Polymer Solar Cells Market Attractiveness Analysis, By Junction Type
Figure 128: APEJ Polymer Solar Cells Market Share and BPS Analysis By Technique – 2012, 2017 & 2027
Figure 129: APEJ Polymer Solar Cells Market Y-o-Y Growth (%) By Technique , 2016–2027
Figure 130: APEJ Polymer Solar Cells Market Attractiveness Analysis By Technique
Figure 131: APEJ Polymer Solar Cells Market Share and BPS Analysis By Application – 2012, 2017 & 2027
Figure 132: APEJ Polymer Solar Cells Market Y-o-Y Growth (%) By Application, 2016–2027
Figure 133: APEJ Polymer Solar Cells Market Attractiveness Analysis, By Application
Figure 134: MEA Polymer Solar Cells Market Value Share by Junction Type (2017)
Figure 135: MEA Polymer Solar Cells Market Value Share by Technique (2017)
Figure 136: MEA Polymer Solar Cells Market Value Share by Application (2017)
Figure 137: MEA Polymer Solar Cells Market Value Share by Country (2017)
Figure 138: MEA Polymer Solar Cells Market Size (US$ Mn) Forecast 2017 and 2027
Figure 139: MEA Historical Market Size (US$ Mn), 2012 - 2016
Figure 140: MEA Projected Polymer Solar Cells Market Size (US$ Mn) Analysis, 2017 - 2027
Figure 141: MEA Polymer Solar Cells Market Value BPS Analysis By Country, 2017 & 2027
Figure 142: MEA Polymer Solar Cells Market Y-o-Y Growth (%) By Country, 2016–2027
Figure 143: MEA Polymer Solar Cells Market Attractiveness Analysis, By Country
Figure 144: GCC Countries Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 145: Northern Africa Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 146: Israel Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 147: South Africa Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 148: Rest of MEA Polymer Solar Cells Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 149: MEA Polymer Solar Cells Market Share and BPS Analysis By Junction Type – 2012, 2017 & 2027
Figure 150: MEA Polymer Solar Cells Market Y-o-Y Growth (%) By Junction Type, 2016–2027
Figure 151: MEA Polymer Solar Cells Market Attractiveness Analysis, By Junction Type
Figure 152: MEA Polymer Solar Cells Market Share and BPS Analysis By Technique – 2012, 2017 & 2027
Figure 153: MEA Polymer Solar Cells Market Y-o-Y Growth (%) By Technique , 2016–2027
Figure 154: MEA Polymer Solar Cells Market Attractiveness Analysis By Technique
Figure 155: MEA Polymer Solar Cells Market Share and BPS Analysis By Application – 2012, 2017 & 2027
Figure 156: MEA Polymer Solar Cells Market Y-o-Y Growth (%) By Application, 2016–2027
Figure 157: MEA Polymer Solar Cells Market Attractiveness Analysis, By Application
Figure 158: Global Polymer Solar Cells Market Share and BPS Analysis By Region– 2012, 2017 & 2027
Figure 159: Global Polymer Solar Cells Market Y-o-Y Growth (%) By Region, 2016–2027
Figure 160: Global Polymer Solar Cells Market Attractiveness Analysis By Region, 2017–2027
Figure 161: Global Polymer Solar Cells Market Share and BPS Analysis By Junction Type – 2012, 2017 & 2027
Figure 162: Global Polymer Solar Cells Market Y-o-Y Growth (%) By Junction Type, 2016–2027
Figure 163: Global Polymer Solar Cells Market Attractiveness Analysis By Junction Type, 2017–2027
Figure 164: Global Polymer Solar Cells Market Share and BPS Analysis By Technique – 2012, 2017 & 2027
Figure 165: Global Polymer Solar Cells Market Y-o-Y Growth (%) By Technique, 2016–2027
Figure 166: Global Polymer Solar Cells Market Attractiveness Analysis By Technique, 2017–2027
Figure 167: Global Polymer Solar Cells Market Share and BPS Analysis By Application– 2012, 2017 & 2027
Figure 168: Global Polymer Solar Cells Market Y-o-Y Growth (%) By Application, 2016–2027
Figure 169: Global Polymer Solar Cells Market Attractiveness Analysis By Application, 2017–2027
Figure 170: Global Polymer Solar Cells Market Value (US$ Mn), 2016–2027
Figure 171: Global Polymer Solar Cells Market Size (US$ Mn) Analysis, 2012-2016
Figure 172: Global Polymer Solar Cells Market Size (US$ Mn) Analysis, 2017-2027
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 USD 108 Million
By 2032-end, polymer solar cells market sales are likely to reach USD 763 Million
Tata Power Solar Systems Limited, Trina Solar Limited, and SolarWorld AG are some leading polymer solar cell manufacturers.
Explore Similar Insights
Polymer Solar Cells Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
