Global Organic Solar Cell Market Likely to Touch US$97.4 mn by 2020

Albany, USA, 2018-May-30 — /EPR Network/ —An insightful study, titled “Organic Solar Cell Market” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). This research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report.

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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. The title of the report is “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.

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.

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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.

The report includes each and every aspect that is needed to be considered while investing in the organic solar cells market. The market for the organic solar cells is still in development phase, however the research and development activities in the field of the organic solar cell technology has resulted in the commercialization. The companies from various regions are investing heavily into this new market to gain the first mover advantage. The reasonable amount of research and development has resulted in improved efficiency and lifespan for the organic solar cells.

 

The research provides detailed analysis of companies dealing in power rental systems, trend analysis and demand forecast by geography. The value chain for power rental systems study encompasses all the stages of setting up the systems and its applications. The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the power rental market as below:

• 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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