Polymer Solar Cells Market

Key Market Insights

Increasing polymer solar cell projects will spur the market revenue growth

The global polymer solar cells market accounted for US$ 50.4 Mn in 2018 and is anticipated to grow to US$ 234.6 Mn growing at a CAGR of 21.2% during the forecast period from 2019 to 2027.

The global polymer solar cells market is projected to grow robustly owing to rapidly growing electronics industry globally. A combination of factors including developing electrical and electronics industry, rapidly increasing demand for renewable sources of energy, increasing building and construction sector globally, and support from governments among others are proliferating the demand of the global polymer solar cells market. Apart from this, increasing trend to move towards clean and green energy coupled with expanding automobile and construction industry are enhancing the market growth of the industry. Additionally, enhancement in manufacturing techniques of polymer solar cells to reduce cost and enhance performance, focusing on development of new material to make photovoltaics a better alternative to traditional fuels are having a positive influence on the polymer solar cells market growth.

Additionally, rising investments in research and development to develop clean and sustainable source of energy is further boosting the market growth. The polymer solar cells offers a variety of benefits including disposable, lightweight, easy to fabricate and cost-efficient among others. However, these cells degrade during dark, have issues with thermal stability, and cannot be used for longer durations which are factors hindering the market growth.

Market Synopsis

Junction Type Analysis

Bulk Heterojunction segment to dominate the market throughout the forecast period

On the basis of junction type, the polymer solar cells market is further classified into single layer, bilayer, bulk heterojunction, multi-junction, and others. Bulk heterojunction segment dominated the polymer solar cells market and contributed for a revenue share of more than 25% of the global market. This can be attributed to the benefits offered by it including low weight, semitransparency, and easy integration with other products among others.

In contrast, multi-junction segment is projected to expand with highest growth rate throughout the years to come. This can be associated with the advantages provided by them including absorbing different wavelengths, high efficiency, and lower bandgap among others.

Application Analysis

BIPV segment expected to dominate the market during the forecast period

On the basis of application, the global polymer solar cells market is bifurcated into BIPV (building integrated photovoltaic), consumer electronics, automotive, defence & emergency, and others. The BIPV segment dominated the global polymer solar cells market and growing with the highest rate. The segment is expected to continue this trend during the forecast period and contributed XX% of revenue share. This can be attributed to favorable rules &regulations to enhance renewable installations and increasing adoption of renewable energy sources among others

On the other hand, the BIPV segment is followed by consumer electronics segment and is expected to grow significantly during the years to come.

Regional Analysis

Asia Pacific region dominated the global polymer solar cells market

Asia Pacific region led the polymer solar cells market and represents US$ XX Bn in terms of market share and is anticipated to register a CAGR of XX% during the forecast period. This can be attributed to rapidly evolving building and construction sector in the developing nations such as China, and India among others. The rising per capita income coupled with rapid urbanization are factors propelling the polymer solar cells market growth in the region.

On the other hand, North America region is anticipated to grow with a significant rate owing to presence of large number of manufacturers in the region and increasing number of renewable energy projects in the region. The US holds the major share in the region accounting for approximately 80% of market share.

List of Companies Covered:

• Trina Solar Limited
• Tata Power Solar Systems Limited
• Solar World AG
• Jinko Solar Holding Co. Ltd
• Alps Technology Inc
• Suniva Inc
• Pionis Energy Technologies LLC
• Borg Inc.
• Heliatek GmbH
• Infinity PV ApS

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Market Segmentation

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that gives a better market understanding of the overall Polymer Solar Cells market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report

• What are the current market trends and dynamics in the polymer solar cells market and valuable opportunities for emerging players?
• Estimated forecast and market projections up to 2027
• Which segment accounts for the fastest CAGR during the forecast period?
• Which application segment holds a larger market share and why?
• Are low and middle-income economies investing in the polymer solar cells market?
• Which is largest regional market for polymer solar cells?
• What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?
• Worldwide market value of the Polymer Solar Cells market in 2017 and 2018
• Which are the key trends driving the global polymer solar cells market growth?
• Who are the leading service providers in the polymer solar cells market worldwide?

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Junction type
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Polymer Solar Cells (PSC) Market
2.2. Global Polymer Solar Cells (PSC) Market, by Junction type, 2018 (US$ Bn)
2.3. Global Polymer Solar Cells (PSC) Market, by Application, 2018 (US$ Bn)
2.4. Global Polymer Solar Cells (PSC) Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global Polymer Solar Cells (PSC) Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Polymer Solar Cells (PSC) Market, by Junction type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Single layer
4.3. Bilayer
4.4. Bulk Heterojunction
4.5. Multi-junction
4.6. Others

5. Global Polymer Solar Cells (PSC) Market, by Application, 2017-2027 (US$ Bn)
5.1. Overview
5.2. BIPV
5.3. Consumer Electronics
5.4. Automotive
5.5. Defence & Emergency
5.6. Other

6. North America Polymer Solar Cells (PSC) Market Analysis, 2017-2027 (US$ Bn)
6.1. Overview
6.1.1. North America Polymer Solar Cells (PSC) Market Value and Growth, 2017-2027, (US$ Bn)
6.2. North America Polymer Solar Cells (PSC) Market Value, By Junction type, 2017-2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America Polymer Solar Cells (PSC) Market Value, By Application, 2017-2027 (US$ Bn)
6.3.1. Market Analysis
6.4. North America Polymer Solar Cells (PSC) Market Value, By Region/Country, 2017-2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America

7. Europe Polymer Solar Cells (PSC) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. Europe Polymer Solar Cells (PSC) Market Value and Growth, 2017-2027, (US$ Bn)
7.2. Europe Polymer Solar Cells (PSC) Market Value, By Junction type, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. Europe Polymer Solar Cells (PSC) Market Value, By Application, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe Polymer Solar Cells (PSC) Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe

8. Asia Pacific Polymer Solar Cells (PSC) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific Polymer Solar Cells (PSC) Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Asia Pacific Polymer Solar Cells (PSC) Market Value, By Junction type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia Pacific Polymer Solar Cells (PSC) Market Value, By Application, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia Pacific Polymer Solar Cells (PSC) Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific

9. Rest of the World Polymer Solar Cells (PSC) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World Polymer Solar Cells (PSC) Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Rest of the World Polymer Solar Cells (PSC) Market Value, By Junction type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Rest of the World Polymer Solar Cells (PSC) Market Value, By Application, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Rest of the World Polymer Solar Cells (PSC) Market Value, By Region, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America

10. Company Profiles
10.1. Trina Solar Limited
10.2. Tata Power Solar Systems Limited
10.3. Solar World AG
10.4. Jinko Solar Holding Co. Ltd
10.5. Alps Technology Inc
10.6. Suniva Inc
10.7. Pionis Energy Technologies LLC
10.8. Borg Inc.
10.9. Heliatek GmbH
10.10. InfinityPV ApS

List of Figures

FIG. 1 Global Polymer Solar Cells (PSC) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Polymer Solar Cells (PSC) Market Segmentation
FIG. 4 Global Polymer Solar Cells (PSC) Market, by Junction type, 2018 (US$ Bn)
FIG. 5 Global Polymer Solar Cells (PSC) Market, by Application, 2018 (US$ Bn)
FIG. 6 Global Polymer Solar Cells (PSC) Market, by Geography, 2018 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key Polymer Solar Cells (PSC) Market Vendors, 2018
FIG. 9 Global Polymer Solar Cells (PSC) Market, by Junction type, 2017–2027 (US$ Bn)
FIG. 10 Global Polymer Solar Cells (PSC) Market, by Single layer, Value, 2017–2027 (US$ Bn)
FIG. 11 Global Polymer Solar Cells (PSC) Market, by Bilayer, Value, 2017–2027 (US$ Bn)
FIG. 12 Global Polymer Solar Cells (PSC) Market, by Bulk Heterojunction, Value, 2017–2027 (US$ Bn)
FIG. 13 Global Polymer Solar Cells (PSC) Market, by Multi-junction, Value, 2017–2027 (US$ Bn)
FIG. 14 Global Polymer Solar Cells (PSC) Market, by Others, Value, 2017–2027 (US$ Bn)
FIG. 15 Global Polymer Solar Cells (PSC) Market, by Application, 2017–2027 (US$ Bn)
FIG. 16 Global Polymer Solar Cells (PSC) Market, by BIPV, Value, 2017–2027 (US$ Bn)
FIG. 17 Global Polymer Solar Cells (PSC) Market, by Consumer Electronics, Value, 2017–2027 (US$ Bn)
FIG. 18 Global Polymer Solar Cells (PSC) Market, by Automotive, Value, 2017–2027 (US$ Bn)
FIG. 19 Global Polymer Solar Cells (PSC) Market, by Defence & Emergency, Value, 2017–2027 (US$ Bn)
FIG. 20 Global Polymer Solar Cells (PSC) Market, by Other, Value, 2017–2027 (US$ Bn)
FIG. 21 U.S. Polymer Solar Cells (PSC) Market, 2017–2027 (US$ Bn)
FIG. 22 Rest of North America Polymer Solar Cells (PSC) Market, 2017–2027 (US$ Bn)
FIG. 23 U.K. Polymer Solar Cells (PSC) Market, 2017–2027 (US$ Bn)
FIG. 24 Germany Polymer Solar Cells (PSC) Market, 2017–2027 (US$ Bn)
FIG. 25 France Polymer Solar Cells (PSC) Market, 2017–2027 (US$ Bn)
FIG. 26 Italy Polymer Solar Cells (PSC) Market, 2017–2027 (US$ Bn)
FIG. 27 Rest of Europe Polymer Solar Cells (PSC) Market, 2017–2027 (US$ Bn)
FIG. 28 Japan Polymer Solar Cells (PSC) Market, 2017–2027 (US$ Bn)
FIG. 29 China Polymer Solar Cells (PSC) Market, 2017–2027 (US$ Bn)
FIG. 30 India Polymer Solar Cells (PSC) Market, 2017–2027 (US$ Bn)
FIG. 31 Rest of Asia Pacific Polymer Solar Cells (PSC) Market, 2017–2027 (US$ Bn)
FIG. 32 Middle East & Africa Polymer Solar Cells (PSC) Market, 2017–2027 (US$ Bn)
FIG. 33 Latin America Polymer Solar Cells (PSC) Market, 2017–2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Polymer Solar Cells (PSC) Market
TABLE 2 Global Polymer Solar Cells (PSC) Market, by Junction type, 2017–2027 (US$ Bn)
TABLE 3 Global Polymer Solar Cells (PSC) Market, by Application, 2017–2027 (US$ Bn)
TABLE 4 Global Polymer Solar Cells (PSC) Market, by Geography, 2017–2027 (US$ Bn)
TABLE 5 North America Polymer Solar Cells (PSC) Market, by Junction type, 2017–2027 (US$ Bn)
TABLE 6 North America Polymer Solar Cells (PSC) Market, by Application, 2017–2027 (US$ Bn)
TABLE 7 North America Polymer Solar Cells (PSC) Market, by Country, 2017–2027 (US$ Bn)
TABLE 8 Europe Polymer Solar Cells (PSC) Market, by Junction type, 2017–2027 (US$ Bn)
TABLE 9 Europe Polymer Solar Cells (PSC) Market, by Application, 2017–2027 (US$ Bn)
TABLE 10 Europe Polymer Solar Cells (PSC) Market, by Country, 2017–2027 (US$ Bn)
TABLE 11 Asia Pacific Polymer Solar Cells (PSC) Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 12 Asia Pacific Polymer Solar Cells (PSC) Market, by Junction type, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific Polymer Solar Cells (PSC) Market, by Application, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific Polymer Solar Cells (PSC) Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 15 RoW Polymer Solar Cells (PSC) Market, by Junction type, 2017–2027 (US$ Bn)
TABLE 16 RoW Polymer Solar Cells (PSC) Market, by Application, 2017–2027 (US$ Bn)
TABLE 17 RoW Polymer Solar Cells (PSC) Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 18 Trina Solar Limited.: Company Snapshot (Company Details, Geographical Presence, Junction type Portfolio, Key Developments)
TABLE 19 Tata Power Solar Systems Ltd: Company Snapshot (Company Details, Geographical Presence, Junction type Portfolio, Key Developments)
TABLE 20 Solar World AG.: Company Snapshot (Company Details, Geographical Presence, Junction type Portfolio, Key Developments)
TABLE 21 Jinko Solar Holdings.: Company Snapshot (Company Details, Geographical Presence, Junction type Portfolio, Key Developments)
TABLE 22 Alps technology Inc.: Company Snapshot (Company Details, Geographical Presence, Junction type Portfolio, Key Developments)
TABLE 23 Suniva, Inc..: Company Snapshot (Company Details, Geographical Presence, Junction type Portfolio, Key Developments)
TABLE 24 Pionis Energy technologies LLC.: Company Snapshot (Company Details, Geographical Presence, Junction type Portfolio, Key Developments)
TABLE 25 Borg, Inc..: Company Snapshot (Company Details, Geographical Presence, Junction type Portfolio, Key Developments)
TABLE 26 Heliatek GmbH.: Company Snapshot (Company Details, Geographical Presence, Junction type Portfolio, Key Developments)
TABLE 27 InfinityPV ApS..: Company Snapshot (Company Details, Geographical Presence, Junction type Portfolio, Key Developments)