Home / Press Release / Global Polymer Solar Cells Market Projected to Grow At a CAGR of 21.2% during the Forecast Period

Global Polymer Solar Cells Market Projected to Grow At a CAGR of 21.2% during the Forecast Period

The latest market report published by Credence Research, Inc. “Polymer Solar Cells Market: Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the Polymer Solar Cells market was valued at US$ 50.4 Mn in 2018 and expected to reach US$ 234.6 Mn by 2027 at a CAGR of 21.2% throughout the forecast period from 2019 to 2027.

Market Insights

"Increasing demand for sustainable energy will spur revenue growth during the forecast period"

The increasing use of solar panels coupled with cost efficiency in generating electricity in comparison with other sources of energy are factors driving the demand of global polymer cells market. The combination of benefits provided by polymer solar cells including cost efficiency, lightweight, and easy disposability among others are further bolstering the demand of the market. Apart from this the increasing research and development activities in developing solar cells and clean source of energy are further amplifying the polymer cells market growth. The growing demand for sustainable energy is another key trend driving the polymer solar cells market growth. However, degradation during dark & in illumination, and contrasts the silicon inorganic semiconductors based photovoltaics are factors hampering the growth of the polymer solar cells market. Apart from this, there are stability and efficiency issues of polymer solar cells as compared with its other counterparts. These factors are anticipated to hinder the growth of the global polymer solar cells market.

Industrial Developments

Key Market Movements

List of Companies Covered:

Browse the full report at https://www.credenceresearch.com/report/polymer-solar-cells-market

The Global Polymer Solar Cells Market is Segmented into:

Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion

 By Junction Type Segment (2017–2027; US$ Bn)

 By Application Segment (2017–2027; US$ Bn)

 By Geography Segment (2017–2027; US$ Bn)

*Complete segmentation list is on report page

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