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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