Organic Solar Cells Industry - Regional Synopsis
North America Market Statistics
North America organic solar cells market is predicted to capture revenue share of over 36.7% by 2037. The industry is mostly driven by investments and technological advancements, particularly in fields such as aerospace and the military. Big companies such as Boeing and Lockheed Martin, which encourage large investments in renewable energy solutions, including organic solar cells technology, further stimulate the North America industry.
The U.S. leads from the forefront since people are becoming more conscious of the characteristics of organic solar cell goods. Beyond aerospace and defense, organic solar cells is used in a wide range of industries, including consumer electronics, building-integrated photovoltaics (BIPV), and agriculture. The low efficiencies of organic solar cells are related to their small exciton diffusion lengths and low carrier mobilities. These two characteristics ultimately result in the use of thin active layers that affect overall device performance. Furthermore, the operational lifetime of organic solar cells modules remains significantly lower than for inorganic devices.
On the other side, in Canada, the growing need for creative technological developments and sustainable energy solutions is reflected in these sectors' embrace of organic solar cells technology. The goal of current research is to extend the lifespan and efficiency of devices. Enhancing the absorber material has already resulted in significant efficiency gains, and research is underway to further optimize the absorbers and create organic multijunction designs. Alternative contact materials and better encapsulation are being researched to slow down cell deterioration and extend cell lives to levels that are meaningful to the industry.
Asia Pacific Market Analysis
Asia Pacific organic solar cells market is undergoing significant transformation, with accelerated growth primarily due to increasing research and development. The region's focus on organic solar cells and other renewable energy technology development fuels optimism that the Asia Pacific market will expand vividly over the projected time frame. As a result of the expanding technology for organic solar cell (OPV) products and the growing demand for organic solar cells in both the commercial and residential markets.
In India, the integration of third-generation solar cell technologies with flexible and conformal surfaces holds great promise. Researchers at IIT Kanpur created organic solar cell devices using a combination of organic polymer PTB7 as a donor and PCBM as an acceptor. The devices were built on opaque steel substrates and had a MoO3/Au/MoO3 top electrode. The research at IIT Kanpur demonstrated the integration of multi-layered electrodes in the MoO3/Au/MoO3 arrangement with organic solar cells. These electrodes have greater optical transmission than metallic electrodes. The devices with multilayer electrodes demonstrated a 1.5-fold improvement in photovoltaic performance when compared to those with single-layer top metal electrodes of gold.
In China, the growing emphasis on improving renewable energy technologies, especially organic solar cells, drives hope for major organic solar cells market expansion. In August 2024, researchers at Wuhan University of Technology in China devised and produced a novel non-fullerene acceptor for organic solar cells. One of their manufactured devices had the greatest certified efficiency ever recorded for single-junction organic solar cells. The scientists created and synthesized L8-ThCl, a new non-fullerene acceptor that will serve as the third component in conjunction with a PM6: L8-BO host system. They claim that adding L8-ThCl helped to expand and define the nanofibrils of polymer donors.
