The latest market report published by Acute Market Reports “Polymer Solar Cells Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027” the Polymer Solar Cells market was valued at US$ 50.4 Mn in 2018 and expected to reach US$ 234.6 Mn by 2027 at a CAGR of 21.2% throughout the forecast period from 2019 to 2027.
“Increasing demand for sustainable energy will spur revenue growth during the forecast period”
The increasing use of solar panels coupled with cost efficiency in generating electricity in comparison with other sources of energy are factors driving the demand of the global polymer cells market. The combination of benefits provided by polymer solar cells including cost efficiency, lightweight, and easy disposability among others are further bolstering the demand of the market. Apart from this the increasing research and development activities in developing solar cells and clean sources of energy are further amplifying the polymer cells market growth. The growing demand for sustainable energy is another key trend driving the polymer solar cells’ market growth. However, degradation during dark & in illumination, and contrasts the silicon inorganic semiconductors based photovoltaics are factors hampering the growth of the polymer solar cells market. Apart from this, there are stability and efficiency issues of polymer solar cells as compared with their other counterparts. These factors are anticipated to hinder the growth of the global polymer solar cells market.
- In December 2018, Tata Solar Power bags the prestigious global performance excellence award. The company becomes one of the thirty role model organizations from ten Asia and Pacific Rim Countries those who are recognized for achieving significant milestones in their business excellence journey.
Key Market Movements
- In 2018, the global polymer solar cells market was valued at US$ 50.4 Mn and is projected to grow to US$ 234.6 Mn by 2027 expanding at a CAGR of 21.2%.
- Based on application, the market is classified into BIPV (building integrated photovoltaic), consumer electronics, automotive, defense & emergency, and others.
- Out of these BIPV segment is leading the market with major contributions in the revenue share. This can be attributed to the increasing adoption and application of polymer solar cells, especially in the developed region.
- Asia Pacific region is anticipated to dominate the market during the forecast period. This can be associated with the rapidly developing building & construction sector in the region
List of Companies Covered:
- Trina Solar Limited
- Tata Power Solar Systems Limited
- Solar World AG
- Jinko Solar Holding Co. Ltd
- Alps Technology Inc
- Suniva Inc
- Pionis Energy Technologies LLC
- Borg Inc.
- Heliatek GmbH
- InfinityPV ApS
Browse the full report at https://www.acutemarketreports.com/report/polymer-solar-cells-market
The Global Polymer Solar Cells Market is Segmented into:
By Junction Type Segment (2017–2027; US$ Bn)
By Application Segment (2017–2027; US$ Bn)
By Geography Segment (2017–2027; US$ Bn)
*Complete segmentation list is on the report page
Key questions answered in this report
- What are the current market trends and dynamics in the polymer solar cells research market and valuable opportunities for emerging players?
- Estimated forecast and market projections up to 2029
- Which segment accounts for the fastest CAGR during the forecast period?
- Which is the largest regional market for polymer solar cells research?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- The worldwide market value of the polymer solar cells research market in 2019 and 2020
- Which are the key trends driving the global polymer solar cells research market growth?
- Who are the leading service providers in the polymer solar cells research market worldwide?
About Acute Market Reports
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