Organic Photovoltaics (OPV) Market Size, Share, Growth, and Industry Growth By Type (PN Junction Structure (P-N Heterojunction) and Dye-sensitized Nanocrystalline Solar Cells (DSSC)) By Application (Consumer Electronics, Wearable Device, Architecture & Building Integration and Others), Regional Insights and Forecast From 2026 To 2035

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ORGANIC PHOTOVOLTAICS (OPV) MARKET OVERVIEW

The global organic photovoltaics (opv) market size is estimated at USD 0.44 Billion in 2026, set to expand to USD 4.3 Billion by 2035, growing at a CAGR of 28.9% during the forecast from 2026 to 2035.

Organic photovoltaics (OPV) is a type of solar cell technology that uses organic materials to convert sunlight into electricity. These solar cells are made using carbon-based polymers, which can be synthesized using simple chemical reactions. OPV cells are typically lightweight, flexible, and thin, making them suitable for a range of applications, such as building-integrated photovoltaics, portable electronics, and wearable devices.

OPV cells work by absorbing light energy, which causes electrons to be excited and move to a higher energy state. These electrons are then transferred to an electrode, creating a flow of electric current. The most common organic materials used in OPV cells are polymers, small molecules, and carbon nanotubes. 

KEY FINDINGS

COVID-19 IMPACT

The Disruption of the Supply Chain Had an Effect on Market Value

The global COVID-19 pandemic has been unprecedented and staggering, with the organic photovoltaics (OPV) market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.   

The market for organic photovoltaics (OPV) has been significantly impacted by the COVID-19 epidemic, among other businesses. Because of the pandemic's disruption of global supply lines, there are now shortages of the raw materials, parts, and machinery required to make OPV modules. This has caused production and delivery delays, which have had an impact on the market's overall supply of OPV modules. 

LATEST TRENDS

Large-Scale Production and Increased Effectiveness will Stimulate Market Expansion 

OPV industry is the development of new materials and fabrication techniques that have led to higher efficiency in converting sunlight into electricity. This has made OPV technology more competitive with traditional silicon-based photovoltaics. OPV technology is becoming more viable for large-scale production due to the development of roll-to-roll (R2R) processing techniques. This has made the production process faster and more cost-effective, which could lead to lower prices for OPV modules in the future.

• According to the International Energy Agency (IEA), over 280 pilot-scale OPV installations were deployed globally in 2023, including wearable electronics and transparent window panels.

• According to the U.S. Department of Energy (DOE), in 2024, over 65% of flexible solar technology R&D investments were allocated to OPV systems due to their lightweight nature and low-temperature processing.

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ORGANIC PHOTOVOLTAICS (OPV) MARKET SEGMENTATION

By Type

By type, the organic photovoltaics (OPV) market is segmented into PN junction structure (P-N heterojunction and dye-sensitized nanocrystalline solar cells (DSSC). The PN junction structure (P-N heterojunction) segment will dominate the organic photovoltaics (OPV) market in the coming years. 

• PN Junction Structure (P-N Heterojunction)- The PN junction structure (P-N heterojunction) in organic photovoltaics (OPVs) enables high efficiency by using a combination of electron-donor and electron-acceptor materials. This configuration optimizes charge separation and transport, making it suitable for applications requiring enhanced performance and stability in energy conversion.

• Dye-sensitized Nanocrystalline Solar Cells (DSSC)- Dye-sensitized nanocrystalline solar cells (DSSCs) utilize a photosensitive dye to generate electricity from sunlight, combined with a nanocrystalline semiconductor layer. These cells offer an attractive balance of cost-effectiveness, flexibility, and ease of fabrication, making them suitable for lightweight, low-cost solar applications.

By Application

Based on applications, the organic photovoltaics (OPV) market is consumer electronics, wearable devices, architecture & building integration, and others. The consumer electronics use segment will lead the global share through 2035.

• Consumer Electronics- In consumer electronics, OPVs are integrated into devices like smartphones, laptops, and portable chargers to provide lightweight, flexible, and sustainable energy solutions. They enable enhanced battery life and offer an eco-friendly alternative for powering small electronic devices through solar energy.

• Wearable Device- OPVs in wearable devices, such as smartwatches and fitness trackers, provide an efficient, lightweight power source that can extend battery life through solar energy harvesting. Their flexibility and low weight make them ideal for integrating into compact and portable wearable technologies.

• Architecture & Building Integration- OPVs are increasingly used in building-integrated photovoltaics (BIPV) for sustainable energy solutions in architecture. They are integrated into windows, facades, and roofing materials to generate clean energy while contributing to the aesthetic value of buildings, making them an attractive option for eco-conscious construction projects.

• Others- OPVs are also used in niche applications such as solar-powered textiles, portable energy generation systems, and small-scale off-grid solutions. These applications benefit from OPVs' lightweight, flexible, and low-cost nature, making them ideal for emerging, innovative solar technologies in remote or mobile environments.

DRIVING FACTORS

Environmental Concerns in Some Regions Will Increase the Market Growth 

One of the main driving factors for the adoption of OPV technology is the growing concern about environmental issues. As OPV modules are made from organic materials, they are considered more environmentally friendly than traditional silicon-based photovoltaics. 

Increasing Awareness of the OPV Modules will Drive Market Growth 

OPV modules are thin, lightweight, and flexible, making them suitable for a wide range of applications such as portable electronics, building-integrated photovoltaics, and wearable devices. The flexibility of OPV modules is a major driving factor for their adoption in these applications.

• According to the European Photovoltaic Industry Association (EPIA), 54% of total OPV installations in 2023 used PN junction structures, offering improved charge separation and higher energy efficiency.

• According to the U.S. National Renewable Energy Laboratory (NREL), more than 45% of new OPV technologies in 2023 featured transparent designs suitable for integration into building facades and windows.

RESTRAINING FACTORS

Competition from Conventional Silicon-Based Photovoltaics will Limit Market Expansion 

The OPV industry faces competition from traditional silicon-based photovoltaics, which have a well-established market and lower production costs due to economies of scale. This has made it challenging for OPV technology to gain market share and achieve economies of scale. However, the recent developments in efficiency and large-scale production techniques are making OPV technology more competitive.  

• According to the International Energy Agency (IEA), low conversion efficiency affected approximately 36% of potential OPV deployments in high-performance energy sectors in 2023.

• According to the European Commission’s Joint Research Centre (JRC), durability issues limited over 40% of OPV product applications in 2023, restricting adoption in IoT-enabled and outdoor devices.

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ORGANIC PHOTOVOLTAICS (OPV) MARKET REGIONAL INSIGHTS

North America to Grow at the Highest Organic Photovoltaics (OPV) Market Share During the Forecast Period  

North America is projected to hold a significant share of 40-45% in the OPV market by 2035, driven by increasing investments in renewable energy technologies, government incentives for sustainable energy solutions, and growing demand for flexible and lightweight solar materials in both residential and commercial sectors. North America has a strong presence in the OPV industry, with several companies and research institutions engaged in developing and commercializing the technology. This region is a leading market for OPV technology, with several demonstration projects and installations across the country. AS a result, North America is dominating the organic photovoltaics (OPV) market.

Asia Pacific is expected to dominate the OPV market with a share of 25-30% by 2035, supported by strong manufacturing capabilities, rapid advancements in organic solar cell technologies, and large-scale adoption of renewable energy solutions, particularly in countries like China, Japan, and India. The Asia-Pacific region is a growing market for OPV technology, with several companies and research institutions involved in developing and commercializing the technology. with several manufacturers producing OPV modules and panels for domestic and international markets.

KEY INDUSTRY PLAYERS

Key Players Focus on Partnerships to Gain a Competitive Advantage

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio. 

• ARMOR Group: According to the French Ministry of Energy Transition, ARMOR Group produced over 150,000 OPV modules globally in 2023, focusing on lightweight and flexible solar panels for commercial and residential applications.

• AGC: According to the Japanese Ministry of Economy, Trade and Industry (METI), AGC supplied over 120,000 OPV modules in 2023, emphasizing building-integrated photovoltaics and transparent solar windows.

List of Top Organic Photovoltaics (OPV) Companies

• ARMOR Group (UK.)
• AGC(Japan)
• Heliatek (Germany)
• Mitsubishi Chemical (Japan)
• Belectric (Germany)
• Henkel (Germany)
• Sunew (Brazil)
• Advent Technologies Inc. (U.S.)
• Sumitomo Chemical (Japan)
• Toshiba (Japan)
• Heraeus (Germany) 
• BASF (Germany)
• DisaSolar (South Korea)
• EMD Performance Materials (Germany)
• Infinity PV ApS (Europe)
• ENI (Italy)
• Raynergy Tek Incorporation (China)
• NanoFlex Power Corporation (U.S.)
• Solar Windows Technologies (U.S.)
• Mekoprint (Europe)
• KOLON INDUSTRIES, INC. (South Korea)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services, or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes several other factors that have contributed to recent organic photovoltaics (OPV) market growth in some regions.