Organic Solar Cell Market to Exhibit 12.30% CAGR till 2027; Focus of Countries on Expanding Their Power Generation Capacities to Boost Growth

The global organic solar cell market size is projected to grow from USD 44.9 million in 2020 to USD 101.29 million in 2027. The demand for electricity is surging rapidly worldwide because of the increasing population, persistent infrastructure development, and flourishing industrial sector. Hence, several countries are broadening their power generation capacities either by installing new plants or by modernizing the pre-existing ones. Fortune Business Insights™ presented this information in a new study, titled, “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.” The study further mentions that the market stood at USD 55.63 million in 2019. It is set to exhibit a CAGR of 12.30% during the forecast period between 2020-2027.

Sunew and Aliansce Sonae Finish Installation of OPV in Shopping da Bahia

In November 2020, Aliansce Sonae, the largest mall management company headquartered in Brazil, partnered up with Sunew, a Brazil-based leading manufacturer of Organic Photovoltaic Films (OPV), to install the world’s first OVP at Shopping da Bahia, Salvador. Sunew has delivered its SUNEW FLEX™ technology to the complete skylight surface of the mall. It can raise thermal comfort and manage brightness in the mall. Additionally, the technology will turn sunlight into energy by using a flexible and lightweight film. Such initiatives by companies would aid in propelling the demand for organic solar cells in the upcoming years.

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Rising Government Policies to Address Challenges of Climate Change will Favor Growth

Numerous regions are persistently trying to develop new policies to incline toward ultra-low-energy buildings. They are doing so to keep up with multiple challenges related to climate change. For instance, the European Union (EU) Energy Performance of Buildings Directive (EPBD) stated that every new building must fall under the nearly-zero-energy buildings (nZEB) category in EU member countries by 2020.

Similarly, South Korea, Japan, and the U.S. have implemented stringent ZEB norms to reach their goals. These factors are expected to propel the organic solar cell market growth in the near future. However, the COVID-19 pandemic is set to obstruct the demand for organic type of solar cells on account of the surging production delays and supply chain disturbances globally.

Partnerships & Collaborations — Vital Strategy of Key Companies

The global market for organic solar cells houses only a limited number of manufacturers, such as Solarmer Energy, Inc., infinityPV ApS, ARMOR, and Heliatek. They accounted for the dominant shares in 2019. Most of them are adopting the partnership strategy to refine their positions worldwide. A few others are striving to expand their sales horizons by enhancing their pre-existing portfolios of these solar cells.

A Significant Industry Development-

• November 2017: The Department of Charentes Maritimes, Heliatek, and ENGIE inaugurated the world’s biggest BiOPV installation on a roof. It is located in the southwestern port of La Rochelle, France. Approximately 500 m² of Heliatek's solar films were installed on the roof of a middle school named Pierre Mendes France. It can generate up to 23.8 MWh of electricity annually.

Further Report Findings-

• In 2019, Europe held USD 17.49 million in terms of revenue. It is anticipated to remain at the forefront throughout the forthcoming years, backed by the rising investments in research and development activities to improve organic solar cell technology, especially in the U.K., Germany, and France.


• North America is set to retain its second position owing to the presence of a large number of small-scale organic type of solar cell manufacturers in the region.


• Based on the application, the building-integrated photovoltaic (BIPV) segment generated 37.7% in terms of the organic solar cell market share in 2019. This growth is attributable to its ability to enhance the building’s energy efficiency by offering savings on traditional electricity consumption. 

The global market can be segmented in the following way: