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Published Date: 2014-08-01Number of Pages: 67

Organic Solar Cell Market by Application (Building Integrated Photovoltaic, Mobile Application, Conventional Solar and Defense Application) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Global Organic Solar Cells Market: Snapshot

The organic photovoltaic industry is witnessing commercial gains as demand for eco-friendly photovoltaic technology is on the rise. Organic solar cells are advantageous over their conventional counterparts as they can be transformed into different shapes and colors. This makes them the preferred choice for applications that focus on design and flexibility over efficiency. Furthermore, subsidies and tax benefits provided by various governments for the use of renewable energy is augmenting the growth of organic solar cells market. On the other hand, smaller lifespan and low efficiency of organic solar cells are two major factors restraining the growth of this market. In addition, the nascent phase of the photovoltaic industry involves high capital investment for the research and development of new products.

However, research organizations and companies are striving to develop organic solar cells that have the same attributes as conventional solar cells in terms of efficiency. This is expected to translate into growth opportunities for this market.

The global market for organic solar cells was valued at US$25.5 mn in 2013 and is estimated to reach a valuation of US$97.4 mn by the end of 2020 expanding at a phenomenal CAGR of 21.20% between 2014 and 2020.

Building Integrated Photovoltaic Segment to Register High Demand

In terms of application, the global market for organic solar cells is segmented into mobile applications, defense or military-based applications, building integrated photovoltaic, and conventional solar applications. Of these, building integrated photovoltaic presently accounts as the leading application segment in the organic solar cells market. The mobile applications of organic solar cells include portable devices such as laptops, solar bags, tablets, and mobiles among others. They are also installed in vehicles to provide power to smaller electrical systems such as music systems. The defense applications of organic solar cells involve their use over the surface of small military equipment.

By chemical manufacturing companies, the organic solar cell market is divided into two types of companies. The first type comprises large chemical manufacturing companies such as BASF SE and Sumitomo Chemical Co, Ltd. that use their chemical manufacturing expertise for the development of base material that is used in the manufacture of organic solar cells. The second type is small manufacturing companies such as Solarmer Energy Inc. and Heliatek GmbH that are completely focusing on the development of organic solar cells, however, they depend on other companies and research organizations for the supply of raw materials. These companies have collaborated with other companies and research organizations to obtain technological expertise and raw materials at reduced costs.

Presence of Key Manufacturers Accounts for Europe’s Lead Position

In terms of geography, the organic solar cell market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Of these, Europe is the leading regional market for organic solar cells as it is home to some of the top manufacturers of organic solar cells. For instance, companies such as BASF SE and Heliatek GmbH present in Germany are performing exceptionally well in the development or organic solar cells. Additionally, tax subsidies and tax benefits provided by European governments for both manufacturers and consumers of solar power devices are benefitting the growth of this regional market.

In Asia Pacific, on the other hand, the organic solar cell market is growing to the presence of several key manufacturers of organic solar cells in Japan.

Some of the key market participants involved in the manufacture of organic solar cells include Heliatek GmbH, BELECTRIC OPV GmbH, Disa Solar, Mitsubishi Chemical Corporation, Solarmer Energy Inc., Sumitomo Chemical Co. Ltd., and New Energy Technologies Inc.

 

Chapter 1 Preface

1.1 Report Description

1.2 Research Scope

1.3 Market Segmentation

1.4 Research Methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Market overview

3.1 Introduction

3.2 Market Drivers

      3.2.1 Easy customization owing to flexibility, transparency and coloring of organic solar cells

      3.2.2 Growing applications in building integrated PV augmenting organic PV demand

      3.2.3 Smaller payback period resulting in faster energy recovery relative to inorganic solar cells

3.3 Market restraints

      3.3.1 Lower efficiency and shorter lifespan of organic solar cells

3.4 Market opportunities

      3.4.1 Scope of improvement in terms of cost of production, efficiency and lifespan

3.5 Value chain analysis

3.6 Porter’s Five Forces Analysis

      3.6.1 Bargaining power of suppliers

      3.6.2 Bargaining power of buyers

      3.6.3 Threat of substitutes

      3.6.4 Threat of new entrants

      3.6.5 Degree of competition

3.7 Market attractiveness analysis of organic solar cell market, by product segment, 2014

3.8 Company market share analysis

 

Chapter 4 Global Organic Solar Cell Market, By Application

4.1 Global Organic Solar Cells Market: Application Overview

      4.1.1 Global organic solar cell market by applications, solar PV market, volume share by application, 2013–2020

4.2 Building Integrated PV

      4.2.1 Global organic solar cell based building integrated PV market estimates and forecast, 2012–2020 (KW) (USD Thousand)

4.3 Mobile Applications

      4.3.1 Global organic solar cell based mobile application market estimates and forecast, 2012–2020 (KW) (USD Thousand)

4.4 Conventional solar applications

      4.4.1 Global conventional solar application market estimates and forecast, 2012–2020 (KW) (USD Thousand)

4.5 Defense applications

      4.5.1 Defense application market estimates and forecast, 2012–2020 (KW) (USD Thousand)

 

Chapter 5 Global Organic Solar Cell Market, By Geography

5.1 Global Organic Solar Cell Market: Geographic Overview

      5.1.1 Global organic solar cells market, volume share by geography, 2013–2020

5.2 North America

      5.2.1 North American organic solar cell market, estimates and forecast, 2012–2020 (KW) (USD Thousand)

      5.2.2 North America organic solar market estimate and forecast by application, 2012–2020 (KW) (USD Thousand)

5.3 Europe

      5.3.1 European organic solar cell market estimates and forecast, 2012–2020 (KW) (USD Thousand)

      5.3.2 European organic solar market estimate and forecast by application, 2012–2020 (KW) (USD Thousand)

5.4 Asia Pacific

      5.4.1 Asia Pacific organic solar cells market estimates and forecast, 2012–2020 (KW) (USD Thousand)

      5.4.2 Asia Pacific organic solar cell market estimate and forecast by application, 2012–2020 (KW) (USD Thousand)

5.5 Rest of the world (RoW)

      5.5.1 RoW organic solar cells market estimates and forecast, 2012–2020 (KW) (USD Thousand)

      5.5.2 RoW organic solar cells market estimate and forecast by application, 2012–2020 (KW) (USD Thousand)

 

Chapter 6 Company Profiles

6.1 Heliatek GmbH

      6.1.1 Company overview

      6.1.2 Product Portfolio

      6.1.3 Business strategy

      6.1.4 SWOT analysis

      6.1.5 Recent developments

6.2 Solarmer Energy, Inc.

      6.2.1 Company overview

      6.2.2 Product Portfolio

      6.2.3 Business strategy

      6.2.4 SWOT analysis

      6.2.5 Recent developments

6.3 Mitsubishi Chemical Corporation

      6.3.1 Company overview

      6.3.2 Product Portfolio

      6.3.3 Financial overview

      6.3.4 Business strategy

      6.3.5 SWOT analysis

      6.3.6 Recent developments

6.4 BELECTRIC OPV GmbH

      6.4.1 Company overview

      6.4.2 Product Portfolio

      6.4.3 Business strategy

      6.4.4 SWOT analysis

      6.4.5 Recent developments

6.5 Sumitomo Chemical Co., Ltd.

      6.5.1 Company overview

      6.5.2 Financial overview

      6.5.3 Business strategy

      6.5.4 SWOT analysis

      6.5.5 Recent developments

6.6 Disa Solar

      6.6.1 Company overview

      6.6.2 Product Portfolio

      6.6.3 Business strategy

      6.6.4 SWOT analysis

6.7 New Energy Technologies, Inc.

      6.7.1 Company overview

      6.7.2 Product Portfolio

      6.7.3 Business strategy

      6.7.4 SWOT analysis

      6.7.5 Recent developments

List of Figures 

 

FIG. 1 Organic solar cell market: Market segmentation

FIG. 2 Global organic solar cells market volume and revenue, 2012 - 2020 (KW), (USD Thousand)

FIG. 3 Application-wise segmentation of organic solar cells in 2013

FIG. 4 Energy payback time graph for inorganic and organic solar technology

FIG. 5 Efficiency comparison between different solar cell technologies, 2012

FIG. 6 Lifespan comparison between different solar cell technologies

FIG. 7 Cost per watt comparison for organic solar and silicon PV technologies

FIG. 8 Value chain analysis of organic solar cells market

FIG. 9 Market attractiveness analysis of organic solar cell market, by product segment, 2014

FIG. 10 Company market share of organic solar cell market, 2012

FIG. 11 Global organic solar cell market,  volume share by application, 2013–2020

FIG. 12 Global organic solar cell for Building Integrated PV demand, 2012–2020 (KW) (USD Thousand)

FIG. 13 Global organic solar cell market for  mobile application, 2012–2020 (KW) (USD Thousand)

FIG. 14 Global organic solar cell market for  conventional solar application, 2012–2020 (KW) (USD Thousand)

FIG. 15 Global organic solar cell market for defense application, 2012–2020 (KW) (USD Thousand)

FIG. 16 Global organic solar cell, volume share (%),by geography, 2013–2020

FIG. 17 North American organic solar cell market, 2012–2020 (KW) (USD Thousand)

FIG. 18 European organic solar cell market, 2012–2020 (KW) (USD Thousand)

FIG. 19 Asia Pacific organic solar cell market, 2012–2020 (KW) (USD Thousand)

FIG. 20 RoW organic solar cell market, 2012–2020 (KW) (USD Thousand)

List of Tables

 

TABLE 1 Global Organic Solar Cell Market: Snapshot

TABLE 2 Drivers for organic solar cell market: impact analysis

TABLE 3 Restraints of organic solar cell market: impact analysis

TABLE 4 North America organic solar cell market volume by application, 2012–2020 (KW)

TABLE 5 North America organic solar cell market revenue by application,  2012–2020 (USD Thousand)

TABLE 6 European organic solar PV market volume and forecast, by application, 2012–2020 (KW)

TABLE 7 European organic solar PV market revenue and forecast, by application, 2012–2020 (USD Thousand)

TABLE 8 Asia Pacific organic solar cell market volume and forecast, by application, 2012–2020 (KW)

TABLE 9 Asia Pacific organic solar cell market revenue and forecast, by grid application, 2012–2020 (USD Thousand)

TABLE 10 RoW organic solar cells market volume and forecast, by application, 2012–2020 (KW)

TABLE 11 RoW  organic solar cell market revenue and forecast, by application, 2012–2020 (USD Thousand)

This research study analyzes the market size of organic solar cells, in terms of volume (KW) and revenue (USD Thousand). Organic solar cells have been segmented on the basis of applications and geography, in order to provide a holistic view of the market. Market data for all the segments has been provided on a regional level for the period 2012 to 2020. A comprehensive competitive landscape including company market share analysis has also been provided in this report.

 

Key application segments in this study include: Building Integrated Photovoltaic (BIPV), mobile applications, conventional solar applications and defense or military based applications. The Building integrated Photovoltaic industry in particular has been benefited by the increase in the number of residential and non residential buildings and is expected to do well in near future. The easy incorporation of organic materials in the Building Integrated Photovoltaic (BIPV) industry has increased the demand for the organic solar cells in these applications. Regional data has been provided for North America, Europe, Asia Pacific and Rest of the World (RoW).  Among these, the Rest of World includes the countries from Africa, Middle East and South America. The regional segmentation provides the detailed analysis of the region in terms of revenue (USD Thousand) and volume (KW). 

 

The major countries that are dominating the organic solar cells market include Germany, Japan, France, the United Kingdom and the United States. Germany includes the companies such as Heliatek GmbH and BASF SE that are doing exceptionally well in the organic solar cell development. Heliatek GmbH has even formed collaboration with different companies at each and every step of value chain that has enabled it to capitalize the organic solar cell market. The Japanese market consists of some large players such as Mitsubishi Chemical Corporation and Sumitomo Chemical Co., Ltd that has diversified from their main business to reap the benefits of lucrative organic solar industry. 

 

This report also includes Porter’s five forces model and value chain analysis. The Porter’s five forces model and the value chain analysis helps the reader to get an idea of overall market scenario by knowing each and every player involved at different steps of the market.  Some of the key market participants that deal in organic solar cells manufacturing include Heliatek GmbH, Solarmer Energy, Inc., BELECTRIC OPV GmbH, Sumitomo Chemical Co., Ltd., Disa Solar, New Energy Technologies, Inc. and Mitsubishi Chemical Corporation. The report provides an overview of these companies followed by their product segmentation, financial revenue (if available), business strategies, and recent developments. The companies involved in the company profile section involve all the leading players in the organic solar cell market. The report has provided the financial revenue for these companies in terms of USD million.

 

The report also provides the market attractiveness and the company market share analysis. The market share analysis contains all the major companies involved in the manufacturing of the organic solar cells. The report has divided the market share on the basis of volume. The report also provides the market attractiveness for the organic solar cell market that helps to ascertain the profitable segments of the organic solar cell applications. 

 

The report includes each and every aspect that is needed to be considered while investing in the organic solar cells market. The market for the organic solar cells is still in development phase, however the research and development activities in the field of the organic solar cell technology has resulted in the commercialization. The companies from various regions are investing heavily into this new market to gain the first mover advantage. The reasonable amount of research and development has resulted in improved efficiency and lifespan for the organic solar cells.

 

The research provides detailed analysis of companies dealing in power rental systems, trend analysis and demand forecast by geography. The value chain for power rental systems study encompasses all the stages of setting up the systems and its applications. The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the power rental market as below:

  • Organic solar cell market: Application analysis

    • Building Integrated Photovoltaics
    • Mobile applications (Portable devices and vehicles)
    • Conventional solar applications
    • Defense or military based applications
  • Organic solar cell market: Regional analysis

    • North America
    • Europe
    • Asia Pacific
    • RoW (Rest of the World)


 
 
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