Report Code: A15567 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Next-generation Organic Solar Cell Market
Request Now !The Next-generation Organic Solar Cell bring up to the type of organic photovoltaic that uses organic electronics, which is a subdivision of electronics, that produces electricity by altering sunlight into electricity with the assistance of thin films of organic semiconductors. Most of these organic-photovoltaics are compound cell solar. As a semiconductor material, it has a photosensitive nature of the organic matter, and to accomplish the effect of solar power, the photovoltaic consequence of the voltage is generated by the help of currents. The materials of the next-generation organic solar cell are much more steady at high temperatures and also takes vantage of the electro-optical properties.
COVID-19 Impact analysis
The COVID-19 pandemic has caused economic chaos across industries and businesses globally. The lockdown & social distancing restrictions in the wake of the pandemic have halted economic activities, thereby disrupting supply chains, delaying projects, creating a shortage of labor, and exploit demand for goods and services to tumble. Governments all-around the world are taking multiple efforts to decrease the suffering caused by this pandemic.
The global renewable segment is generally dependent on imports from other regions.
As per the Government of India, almost 80% of solar cells and modules in India imports from China along with other equipment for instance inverters. Several solar projects in India and worldwide are getting suspended due to the initial slowdown of manufacturing activities in China, followed by lockdown restrictions in various nations across the globe. Furthermore, key solar equipment suppliers have also witnessed production delays due to COVID-19, resulting in a huge backlog for fulfilling orders.
Top Impacting Factors
The rise in the global energy crisis, environmental pollution, and rigorous regulations and provisions of government incentives and tax rebates to install solar panels are the key factors driving the growth of the global next-generation organic solar cell market. Moreover, the growing competition among producers with respect to the advancements in photovoltaic-based power systems, and growth in the count of solar power projects have also propelled the growth of this market. additionally, investments made by governments are also promising to fuel the growth of this market. Nevertheless, climatic conditions and regional latitudes like snowfall- and rainfall-prone regions with factors such as reliability, production, and competitiveness might hinder the growth of this market.Â
Market Trends
Key Benefits of the Report
Next-generation Organic Solar Cell Market Report Highlights
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Key Market Players | Brite Solar (Greece), NanoFlex Power Corporation (U.S.), Optodot (U.S.), ARMOR (France), Eni (Italy), infinityPV ApS (Denmark), Solarmer Energy, Inc. (U.S.), Novaled GmbH (Germany), New Energy Technologies Inc. (U.S.), Heliatek (Germany) |
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