Organic PV Solar Cells Market Share

  • Report ID: 3513
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Organic PV Solar Cells Market Share

North American Market Forecast

North America industry is poised to account for largest revenue share of 37% by 2037. The growth of the market can be attributed majorly to the increasing technology adoption among people that need huge amounts of electricity. The growing investment in research and development of renewable energy generation is estimated to drive market growth. Increasing the capacity of existing solar power panels to meet the rising demand is estimated to hike the market growth. The escalating application in the biomedical devices sector to save electricity consumption in the region is driving market growth in the coming years. The growing number of households with solar panels for heaters, electronic appliances, and power generators are estimated to drive the market growth. More than 3.8% of U.S. homes installed solar panels as of 2022 estimations. Increasing applications in wearables such as biometric sensors and smartwatches are estimated to propel the market growth during the forecast period in this region.

Europe Market Forecast

The European organic PV solar cells market is estimated to be the second largest, registering a share of about 24% by the end of 2037. The growth of the market can be attributed majorly to the increasing investment in research and development in the technology of organic photovoltaic solar cells. The increasing applications of electronics and electronic devices to save electricity are estimated to drive market growth in the region. The BIPV technology applications in Europe are also estimated to have a positive impact on market growth. The tax subsidies and benefits given in Europe for consumers and manufacturing owners are also estimated to drive market growth in the coming years. Increasing applications in households to reduce the effects of greenhouse gas emissions are estimated to propel market growth.

APAC Market Statistics

Further, the market in the Asia Pacific, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the increasing demand for organic solar cells in the region. The rising presence of prominent key players in China and Japan is fueling the market growth. Also, the growing number of government initiatives in the region supporting renewable resources for the generation of power is estimated to fuel the market growth in the coming years. Moreover, the increasing number of industries in the region with a rising population is expected to propel the growth of the market. The increasing adoption of digital technologies across the region with rising living standards is estimated to increase the need for high electricity and thereby boost market growth. Increasing solar panel construction in the open fields to increase the power generation from solar energy to save electricity expenditure is estimated to have a positive impact on the market growth.

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Author Credits:  Dhruv Bhatia


  • Report ID: 3513
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of organic pv solar cells is evaluated at USD 153.03 million.

The organic pv solar cells market size was valued at USD 121.3 million in 2024 and is set to exceed USD 780.79 million by 2037, registering over 15.4% CAGR during the forecast period i.e., between 2025-2037. Increasing use of renewable sources of electricity and a growing installation of organic solar cells will boost the market growth.

North America industry is poised to account for largest revenue share of 37% by 2037, attributed to increasing technology adoption among people that need huge amounts of electricity.

The major players in the market are Brite Solar, Novaled GmbH, New Energy Technologies, Inc., Eni S.p.A., NanoFlex Power Corporation, Solarmer Energy, Inc., Optodot Corporation, infinityPV, Heliatek, Cybrid Technologies Inc.
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