Polymer Solar Cell Market Rising Demand

The global solar industry is valued at ~$180 billion in 2021 and is expected to grow by ~7% for next ten years majorly due to favorable government norms across the globe regarding promotion of solar energy is the factor driving the growth of market over the forecast years. However, this market of solar power across is witnessing rise in the demand for the solar panels and cost efficient solar panels for the electricity generation.

Organic photovoltaic (polymer solar cell) is one of the such options that can currently fulfill this demand from market. Further, polymer solar cells are expected to be higher in demand due to its several advantages associated with its use such as lightweight nature, large area coverage and low-price with low cost of manufacturing.

Companies across the globe are focusing on to bring new and efficient technologies in this market to upsurge the adoption of solar energy. Solar thin films, ribbons, coating materials are some of the novel technologies commercially available. Leading manufacturers such as Heliatek GmbH, InfinityPV ApS, SolarWindow Technologies, Inc are some of the leading companies operating in this market.

Companies in this sector are not only focusing on product innovations, but also entering into various corporate agreements such as M&A, strategic alliances, partnerships, etc to improve the product offerings, increase the customer base and geographic presence. For instance, in June 2018, SolarWindow Technologies, Inc. entered into strategic alliance with nTact, a global leader in coating process knowledge and equipment manufacturing. The alliance was aimed to provide specialty-coatings machinery for high-volume SolarWindow production to the company.

Polymer Solar Cell Company Profiles Snapshot