"Actionable Insights to Fuel Your Growth"

Organic Solar Cells Market Size, Share and COVID-19 Impact Analysis, By Application (Building Integrated Photovoltaic {BIPV}, Portable Electronics, Defense Application, Conventional Solar, and Others), and Regional Forecast, 2020-2027

Last Updated: June 10, 2024 | Format: PDF | Report ID: FBI101555



Play Audio Listen to Audio Version

The global organic solar cells market size was USD 55.63 million in 2019 and is projected to grow USD 210.10 million in 2032, at a CAGR of 13.71% in the 2020-2032 period. The sudden rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over. The global impact of COVID-19 has been unprecedented and staggering, with clear aligners witnessing a negative demand shock across all regions amid the pandemic. Based on our analysis, the global organic solar cells market will exhibit a huge decline of -19.2% in 2020.

Organic solar cells are a third-generation photovoltaic technology using organic materials to harvest energy from light, outdoor, as well as indoor. An organic cell, also called a plastic solar cell, utilizes organic electrons. These are a branch of electronics that deals with conductive organic polymers, or small organic modules, for light absorption and charge transport. This is done so that electricity can be produced from sunlight via the photovoltaic effect. The increasing dependency on renewable energy sources for power generation and subsidies & tax benefits by respective governments for power generation will positively influence market growth.

Disruption in Supply Chain Due to COVID-19 Pandemic to Affect Solar Projects Severely

The COVID-19 pandemic has created economic turmoil across industries and businesses worldwide. The lockdowns & social distancing restrictions in the wake of the pandemic have crippled economic activities, thereby disrupting supply chains, delaying projects, creating a shortage of labor, and causing demand for goods and services to tumble. Governments across the globe are taking multiple efforts to lessen the suffering caused by this pandemic. The global renewable sector is generally dependent on imports from other regions.

As per the Government of India, around 80% of solar cells and modules in India imports from China along with other equipment such as inverters. Several solar projects in India and worldwide are getting delayed due to the initial slowdown of manufacturing activities in China, followed by lockdown restrictions in various countries across the globe. Moreover, key solar equipment suppliers have also observed production delays due to COVID-19, resulting in a huge backlog for fulfilling orders.


Request a Free sample to learn more about this report.

Rising Demand for Electricity is a Prominent Trend

The speedy growth of population, flourishing industrial sector and high growth in infrastructure development are set to lead to a significant rise in the demand for electricity. As the demand is rising, countries are expanding their power generation capacities by increasing the capacity of the existing ones or installing new plants. Stringent government rules are enforcing companies to incline towards the use of renewable energy sources for power generation and particularly towards solar and wind energy. This is expected to push the organic solar cells market growth during the forecast period.


Surging Demand for BIPV to Drive Growth of the Market

Building-integrated photovoltaics (BIPV) products offer added functionalities to a building, unlike traditional construction materials. The use of this technology converts buildings from energy consumers into energy producers. To achieve this, the construction technology is required to be merged with BIPV technology. BIPVs protect buildings from climatic conditions and noise. Moreover, they offer thermal insulation. This technology decreases the total building material and mounting costs, as BIPVs do not require brackets and rails. Henceforth, their popularity has been growing constantly. Designers and architects use BIPV products with innovative methods, whereas manufacturers continue to develop new products to meet the rising demand.

Favorable Government Initiatives and Policies to Fuel Growth

To address various challenges associated with climate change, several regions are developing policies to move toward ultra-low-energy buildings. The European Union (EU) Energy Performance of Buildings Directive (EPBD) requires all new buildings to be nearly-zero-energy buildings (nZEB) in every EU member country by the end of 2020. The U.S., Japan, and South Korea have also formulated ZEB policies and set specific goals. For example, the State of California has set the ambitious goal that states “all new residential buildings in the state would be zero net energy (ZNE) by 2020 and all new commercial buildings would be ZNE by 2030.” Such supportive policies are expected to drive the growth of the global market.


Higher Cost of BIPV Systems and Lack of Awareness to Hinder Growth

The use of building-integrated photovoltaic technology can convert buildings from energy consumers into energy producers. In order to achieve this, construction technology is required to be merged with BIPV technology. The organic photovoltaic (OPV) technology is new and expensive for curtain walls and other aspects of buildings. Moreover, the lack of awareness and inadequate marketing of BIPV products in Vietnam, the Philippines, and certain other countries in Africa are likely to hamper the global market during the forecast period. 


By Application Analysis

To know how our report can help streamline your business, Speak to Analyst

Building-integrated Photovoltaic (BIPV) Segment to Grow at the Highest Rate during 2020-2027

Based on the application, the market is segmented into building-integrated photovoltaic (BIPV), portable electronics, defense applications, conventional solar, and others. The BIPV segment held a dominant organic solar cells market share in 2019. Encouraging government policies and guidelines regarding enhanced renewable installations are projected to strengthen the building-integrated photovoltaic (BIPV) installations over the forecast period. It offers an effective and sustainable solution for retrofitting structure exterior while providing an aesthetic appeal to the building. It also improves the building's energy efficiency by delivering significant savings on conventional electricity consumption. Portable electronics is another major segment of the market and is expected to grow significantly during the forecast period owing to the high demand in Europe and North America.


Europe Organic Solar Cells Market Size, 2019 (USD Million)

To get more information on the regional analysis of this market, Request a Free sample

Europe is anticipated to lead the global market for organic solar cells over the forecast period. Large investments in R&D for organic solar cells technology by countries, including Germany, France, and the U.K., would contribute to the region’s large market share. The BIPV technology in Europe is in a transition period and is being positively impacted by the regulatory framework. The Directive on Energy Performance in Buildings (EPBD) and the Renewable Energy Directive were set up by the European Union (EU), paving the way for near-zero energy buildings.

Asia Pacific is anticipated to exhibit significant growth during the forecast period due to the increasing investments by major companies, particularly in China and Japan. China and India are set to be a potential market owing to government regulations that support power generation by renewable resources. The demand for BIPV products in Asia Pacific is increasing continuously as these products are adding unique visual elegance and architectural beauty to buildings. North America held the second-largest share of the market owing to the presence of small scale manufacturers in the region. However, Latin America and the Middle East and Africa held the least share of the market.


Key Participants Focus on Product Innovation to Diversify Their Portfolios and Expand Sales Horizons

The global market is consolidated owing to the limited number of players operating in the market. Currently, Heliatek, ARMOR, infinityPV ApS, and Solarmer Energy, Inc. are leading the market. They accounted for a dominant share in 2019.

Major players in the market are employing several strategies to consolidate their positions in this market. One of the preferred strategies is the development of novel solutions that will help them to diversify their product portfolios and expand their sales horizons. Additionally, many academic institutes are conducting ground-breaking research, exploring the possible applications of OPVCs. For instance, in December 2019, the Fraunhofer Institute for Laser Technology-led EffiLayers project in the North Rhine-Westphalian region in Germany is researching the development of thin-film organic PVs that are flexible and printable. The research would enable manufacturers in the region to develop newer technologies in the market.


  • Heliatek (Germany)

  • ARMOR (France)

  • infinityPV ApS (Denmark)

  • Solarmer Energy, Inc. (U.S.)

  • NanoFlex Power Corporation (U.S.)

  • Optodot (U.S.)

  • Eni (Italy)

  • New Energy Technologies Inc. (U.S.)

  • Novaled GmbH (Germany)

  • Brite Solar (Greece)


  • In January 2020, Aarhus University in Denmark led a research venture that resulted in the birth of the microscopic organic PV technology. This technology can be used to develop light-based, neural-stimulating scaffolds inside the human body.

  • In November 2017, Heliatek installed the ‘world’s largest building-integrated organic photovoltaic’ (BIOPV) system on top of a school in La Rochelle, France. 


An Infographic Representation of Organic Solar Cell Market

To get information on various segments, share your queries with us

The organic solar cells market research report includes a detailed solar power industry analysis and focuses on key aspects such as leading companies and leading applications of the product. Besides this, it offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the advanced market over recent years.




Study Period


Base Year


Forecast Period


Historical Period



  Value (USD Million)



By Application

  • Building-integrated Photovoltaic (BIPV)

  • Portable Electronics

  • Defense Application

  • Conventional Solar

  • Others

By Region

  • North America (By Application, and Country)

    • U.S. (By Application)

    • Canada (By Application)

  • Europe (By Application, and Country)

    • UK (By Application)

    • Germany (By Application)

    • France (By Application)

    • Spain (By Application)

    • Italy (By Application)

    • Rest of Europe (By Application)

  • Asia Pacific (By Application, and Country)

    • China (By Application)

    • India (By Application)

    • Japan (By Application)

    • Australia (By Application)

    • Southeast Asia (By Application)

    • Rest of Asia Pacific (By Application)

  • The Middle East & Africa (By Application, and Country)

    • GCC (By Application)

    • South Africa (By Application)

    • Rest of the Middle East & Africa (By Application)

  • Latin America (By Application, and Country)

    • Brazil (By Application)

    • Mexico (By Application)

    • Rest of Latin America (By Application)

Frequently Asked Questions

Fortune Business Insights says that the global organic solar cells market size for organic solar cells was USD 55.63 million in 2019.

In 2019, the Europe organic solar cells market value stood at USD 17.49 million.

The global organic solar cells market is projected to grow at a CAGR of 12.30% in the forecast period.

The building-integrated photovoltaic (BIPV) segment is expected to lead this market during the forecast period

The global market size is anticipated to reach USD 101.29 million by 2027, growing at a substantial CAGR of 12.30% during the forecast period (2020 -2027

The increasing demand for clean energy sources for power generation and supportive policies by governments are the key factors driving the market

Europe dominated the market in terms of share in 2019.

Heliatek, ARMOR, infinityPV ApS, and Solarmer Energy, Inc. are the major players in the global market

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2019-2032
    (In Process)
  • 2023
    (In Process)

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients

The Japan Research

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.