The Global Polymer Photovoltaic Cell Market was valued at USD 698.2 Million in 2021. The market is projected to grow USD 1533.4 Million in 2030, at a CAGR of 25.6%. Electrical energy is a basic requirement, and demand is growing all around the world. Also, the demand for a renewable energy source has grown in importance, and solar energy, which is renewable and backed by the government's ambitious green energy ambitions has become a major attraction for investors. Over the last decade, nations such as China, Germany, and the United States have developed solar powerhouses and expanded solar energy production, which has aided the growth of the polymer photovoltaic cell market. The primary drivers including increased solar energy deployment as a result of supportive government initiatives and targets to incorporate renewable energy as a source of alternative energy and reduce global greenhouse gas (GHG) emission rates. However, the lower efficiency of polymer solar cells compared to silicon solar cells is likely to stifle market growth over the projection period.
 

The global polymer photovoltaic cell market is negatively impacted with the outbreak of COVID-19. The drop in commercial and other industrial operations as a result of the pandemic is expected to stymie the expansion of the polymer photovoltaic cell sector. The outbreak of Covid-19 has forced governments around the world to deploy severe rules such as lockdown, temporary shutdown, social distancing, caused disruption in production of raw materials and in turn increased costing of raw materials. Shipments of raw materials, as well as revenue produced have fallen. Furthermore, insufficient raw material supply will limit the xx rate of polymer photovoltaic cell, influencing the management of the solar cell supply chain. Many industries in the market have been compelled to halt operations because to the epidemic, in order to comply with government laws such as social distancing. As a result, global 3D photovoltaic cell business conditions have become insecure
 

Junction Type Insights

Based on the junction type segment, the global polymer photovoltaic cell market is categorized into single layer, bilayer, bulk heterojunction, others. The bulk heterojunction segment has dominated the market share of the global polymer photovoltaic cell market in 2020 owing to the higher conversion efficiency and easier fabrication due to the considerably extended D/A interface. During the last ten years, considerable progress has been made in the durability of bulk-heterojunction solar cells. The mentioned factors are fueling the growth of global polymer photovoltaic cell market.
 

Technique Insights

Based on the technique segment, the global polymer photovoltaic cell market is categorized into printing, coating. The printing held the largest market share in 2020 of the global polymer photovoltaic cell market attributing to the advent of solar cells on flexible and bendable substrates, the printing method has become a common tool for producing these devices. Inkjet, screen, and flexography are some of the current printing techniques that offer cost-effectiveness, user-friendliness, and adaptability for mass production. For instance, in 2019, Armor offered Industrial roll-to-roll (R2R) printing of highly efficient non-fullerene acceptor based organic photovoltaics (OPV).
 

End-Use Insights

Based on the end-use segment, the global polymer photovoltaic cell market is categorized into residential, commercial, industrial. The industrial is categorized into building integrated photovoltaic, automotive, consumer electronics, aerospace & defense & others. The building integrated photovoltaic segment is dominated the market share in 2020 owing to its numerous benefits like availability of efficient light weight transparent devices and multifunctional as they can be adapted to a variety of surfaces (e.g. roofs, windows, walls) as an integrated solution, providing both passive and active functions. The possibility of real-time thermal or lighting regulation and cost efficient solution along with time saving of labor/construction.
 

REGIONAL INSIGHTS

The global Polymer Photovoltaic Cell market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
 

Asia Pacific region is dominating the market share of global polymer photovoltaic cell market owing to the growing number of consumer electronics industry and huge population around the region. China is the leading producer of solar energy by installing 306 GW of photovoltaic (PV) capacity in 2020. The Chinese government have hugely subsidized on domestic solar projects enabling China’s solar energy capacity to rise gradually. For instance, in February 2022, according to Reuters, China is planning to add 75 to 90 GW of solar power in 2022. However, North America is anticipated to grow over the forecasted years owing to the presence of emerging players and the improved technological advancement of photovoltaic cells.
 

Key Players

• Heliatek GmbH
• Tata Power Photovoltaic Systems Limited
• Trina Photovoltaic
• SOLARWORLD Africa (Pty) Ltd.
• Evonik
• SABIC
• Suniva Inc
• Jinko Photovoltaic
• Alps Technology Inc
• NanoFlex Power Corporation
• American Reliance, Inc.
• ARMOR
• Eni S.p.A.
• Others

MARKET SEGMENTATION

By Junction Type

• Single Layer
• Bilayer
• Bulk Heterojunction
• Others

By Technique

• Printing
• Coating

By End-Use

• Residential
• Commercial
• Industrial
  • Building Integrated Photovoltaic       
  • Automotive
  • Consumer Electronics
  • Aerospace & Defense
  • Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy
• Asia-Pacific- China, Japan, India
• Latin America- Brazil, Argentina, Colombia
• The Middle East and Africa- United Arab Emirates, Saudi Arabia