Global Organic Photovoltaics (OPV) Market to Claim 28.9% Growth Rate by 2022-28

Organic photovoltaics (OPV) is a rapidly emerging PV technology that convert sunlight into electricity by employing thin films of organic semiconductors. It has a photosensitive nature of the organic matter as a semiconductor material, the photovoltaic effect of the voltage generated by the current to achieve the effect of solar power.

Europe is the largest market with about 47% market share. USA is follower, accounting for about 25% market share.

The key players are ARMOR Group, AGC, Heliatek, Mitsubishi Chemical, Belectric, Henkel, Sunew, Advent Technologies Inc., Sumitomo Chemical, Toshiba, Heraeus, BASF, DisaSolar, EMD Performance Materials, Infinity PV ApS, ENI, Raynergy Tek Incorporation, NanoFlex Power Corporation, Solar Windows Technologies, Mekoprint, KOLON INDUSTRIES, INC. etc.

The global Organic Photovoltaics (OPV) market was valued at US$ 95 million in 2020 and it is expected to reach US$ 552 million by the end of 2027, growing at a CAGR of 28.9% during 2021-2027.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • PN Junction Structure (P-N Heterojunction)
  • Dye-sensitized Nanocrystalline Solar Cells (DSSC)

Segment by Application

  • Consumer Electronics
  • Wearable Device
  • Architecture & Building Integration
  • Others

By Company

  • Armor Group
  • Agc
  • Heliatek
  • Mitsubishi Chemical
  • Belectric
  • Henkel
  • Sunew
  • Advent Technologies Inc.
  • Sumitomo Chemical
  • Toshiba
  • Heraeus
  • Basf
  • Disasolar
  • Emd Performance Materials
  • Infinity Pv Aps
  • Eni
  • Raynergy Tek Incorporation
  • Nanoflex Power Corporation
  • Solar Windows Technologies
  • Mekoprint
  • Kolon Industries, Inc.

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)


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