Market Overview:
The global flexible organic photovoltaic cell market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources and the growing awareness about the benefits of using solar energy. In terms of type, fullerene is expected to be the fastest-growing segment during the forecast period. This can be attributed to its high efficiency and low manufacturing cost as compared to other types of flexible organic photovoltaic cells. In terms of application, solar car is expected to be the fastest-growing segment during the forecast period.
Product Definition:
A flexible organic photovoltaic cell is a type of solar cell that uses organic materials to absorb and convert sunlight into electrical energy. Flexible organic photovoltaic cells are important because they can be used to create more efficient and cheaper solar panels.
Fullerene:
Fullerene is a polymer, which is made up of carbon and hydrogen. It has the appearance of a hockey-puck and it's produced in bulk for use in commercial solar panels. Fullerene cells are flexible, lightweight, robust and have high thermal stability; they can be easily incorporated into any product or structure owing to their properties.
Others:
Others include materials such as quantum dots, metal oxides and dye-sensitized solar cells. Others are the most promising emerging technology for flexible organic photovoltaic cell market. They have advantages over conventional inorganic ones (ITC, CIGS) such as high efficiency and stability under various environmental conditions.
Application Insights:
The energy segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The growing need for renewable sources of energy, especially in countries such as Germany, Italy, China and India is anticipated to drive demand over the forecast period.
Flexible organic photovoltaic cells are used for generating power for commercial purposes including lighting, pumping stations and air conditioners. The rising number of commercial buildings requires large scale adoption of solar PV systems owing to increased electricity consumption requirements. This trend is projected to continue over the next eight years leading up to 2030 thereby fueling product demand during this period.
The solar car application segment accounted for a share of 15% in 2017 owing to increasing government support towards promoting usage of renewable sources including wind energy and solar PV cells across various automotive applications globally which include cars, buses & trucks etcetera (solar-powered).
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% of global flexible organic photovoltaic cell market in 2017, owing to high product demand from countries such as Japan, South Korea, China and India. Moreover, favorable government policies regarding FOPV adoption are also expected to drive industry growth over the next eight years.
The European Union has set an ambitious target of generating 20% of energy consumption through renewable sources by 2020; however; it is yet to achieve this goal. However; Germany has already met its renewable energy target with a share of 28%, which includes 27% from solar power generation and 0-20kWh battery storage systems using FOPVs (aside from large scale installations). This shows that even though Europe has not achieved its overall renewable energy target yet but individual countries are making remarkable progress towards it by themselves through various initiatives taken up for sustainable development.
Growth Factors:
- Increasing demand for renewable energy sources: The global flexible organic photovoltaic cell market is expected to grow at a CAGR of over 20% during the forecast period owing to the increasing demand for renewable energy sources across the globe. This is mainly due to the growing concerns about climate change and rising environmental pollution levels.
- Rising awareness about benefits of solar power: There is a growing awareness among consumers about the benefits of solar power, which is expected to drive growth in the flexible organic photovoltaic cell market during the forecast period. Solar power helps reduce greenhouse gas emissions and reliance on traditional fuels, thereby leading to reduced electricity costs in long run.
- Technological advancements: The development of new technologies that improve performance and efficiency of flexible organic photovoltaic cells is anticipated to fuel growth in this market during the forecast period. For instance, recently developed transparent electrodes made from graphene can be used as an alternative for conventional metal electrodes, which improves light absorption and conversion efficiency rates up to 10%.
- Declining prices of solar panels: The prices of solar panels have been declining steadily over past few years due to technological advancements and economies of scale achieved by manufacturers globally. This has led more consumers adopt solar power as an affordable source of electricity generation compared with other traditional forms such as diesel or petrol generators .This trend is likely continue in future, thereby propelling growth in global flexible organic photovoltaic cell market . 5)
Scope Of The Report
Report Attributes
Report Details
Report Title
Flexible Organic Photovoltaic Cell Market Research Report
By Type
Fullerene, Others
By Application
Energy, Solar Car, Solar Aircraft
By Companies
NanoFlex Power Corporation, Jen Research Group, TDK, Solaronix, Fujikura
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Flexible Organic Photovoltaic Cell Market Report Segments:
The global Flexible Organic Photovoltaic Cell market is segmented on the basis of:
Types
Fullerene, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Energy, Solar Car, Solar Aircraft
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NanoFlex Power Corporation
- Jen Research Group
- TDK
- Solaronix
- Fujikura
Highlights of The Flexible Organic Photovoltaic Cell Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fullerene
- Others
- By Application:
- Energy
- Solar Car
- Solar Aircraft
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flexible Organic Photovoltaic Cell Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A flexible organic photovoltaic cell is a type of solar panel that can be rolled up or bent into any shape to maximize sunlight exposure. This makes them particularly suited for areas with limited space, such as on a roof or in a window.
Some of the major players in the flexible organic photovoltaic cell market are NanoFlex Power Corporation, Jen Research Group, TDK, Solaronix, Fujikura.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flexible Organic Photovoltaic Cell Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Flexible Organic Photovoltaic Cell Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Flexible Organic Photovoltaic Cell Market - Supply Chain
4.5. Global Flexible Organic Photovoltaic Cell Market Forecast
4.5.1. Flexible Organic Photovoltaic Cell Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Flexible Organic Photovoltaic Cell Market Size (000 Units) and Y-o-Y Growth
4.5.3. Flexible Organic Photovoltaic Cell Market Absolute $ Opportunity
5. Global Flexible Organic Photovoltaic Cell Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Type
5.3.1. Fullerene
5.3.2. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Flexible Organic Photovoltaic Cell Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Application
6.3.1. Energy
6.3.2. Solar Car
6.3.3. Solar Aircraft
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Flexible Organic Photovoltaic Cell Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Flexible Organic Photovoltaic Cell Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Flexible Organic Photovoltaic Cell Demand Share Forecast, 2019-2026
9. North America Flexible Organic Photovoltaic Cell Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Application
9.4.1. Energy
9.4.2. Solar Car
9.4.3. Solar Aircraft
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Type
9.7.1. Fullerene
9.7.2. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Flexible Organic Photovoltaic Cell Demand Share Forecast, 2019-2026
10. Latin America Flexible Organic Photovoltaic Cell Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Application
10.4.1. Energy
10.4.2. Solar Car
10.4.3. Solar Aircraft
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Type
10.7.1. Fullerene
10.7.2. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Flexible Organic Photovoltaic Cell Demand Share Forecast, 2019-2026
11. Europe Flexible Organic Photovoltaic Cell Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Application
11.4.1. Energy
11.4.2. Solar Car
11.4.3. Solar Aircraft
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Type
11.7.1. Fullerene
11.7.2. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Flexible Organic Photovoltaic Cell Demand Share, 2019-2026
12. Asia Pacific Flexible Organic Photovoltaic Cell Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Application
12.4.1. Energy
12.4.2. Solar Car
12.4.3. Solar Aircraft
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Type
12.7.1. Fullerene
12.7.2. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Flexible Organic Photovoltaic Cell Demand Share, 2019-2026
13. Middle East & Africa Flexible Organic Photovoltaic Cell Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Application
13.4.1. Energy
13.4.2. Solar Car
13.4.3. Solar Aircraft
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Flexible Organic Photovoltaic Cell Market Size and Volume Forecast by Type
13.7.1. Fullerene
13.7.2. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Flexible Organic Photovoltaic Cell Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Flexible Organic Photovoltaic Cell Market: Market Share Analysis
14.2. Flexible Organic Photovoltaic Cell Distributors and Customers
14.3. Flexible Organic Photovoltaic Cell Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. NanoFlex Power Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Jen Research Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TDK
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Solaronix
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fujikura
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
