Polymer Solar Cell Market Size

Polymer Solar Cell Market size is estimated at USD 164.6 million in 2024 and is anticipated to exceed USD 2.1 billion by the end of 2037, growing at over 21.8% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of polymer solar cell is evaluated at USD 200.4 million.

The polymer solar cell market is expanding primarily due to the increasing energy demand and the shift toward renewables.  The massive use of conventional fossil fuels has led to severe resource depletion and contamination of the environment. Solar energy is unique since it is unrestricted by region and is ecologically friendly, boosting the polymer solar cell market. According to the International Energy Agency (IEA), the amount of energy obtained from renewable sources such as solar, wind, hydro, geothermal, and ocean waves increased by over 8% in 2022. This suggests that their share of the global energy supply increased by almost 0.4% to 5.5%. By 2028, 42% of global power will be from renewable sources, including solar and wind power.