Report Code: A15556 | Pages: NA | Jul 2023 | 1863 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Organic Solar Cells Market
Request Now !An organic solar cell (OSC) or plastic solar cell is a type of photovoltaic that employs organic electronics, a branch of electronics concerned with conductive organic polymers or small organic molecules, for light absorption and charge transport in order to generate electricity from sunlight via the photovoltaic effect. Organic solar cells are also known as "plastic solar cells" or "polymer solar cells." They can even be made into solar-powered windows. Two semiconducting layers made of plastic polymers and other flexible materials make up a typical organic solar cell. The cell generates electricity by absorbing photons, which are light particles. When the exciton splits, the electron can move to a hole created by another absorbed photon on its own. Organic photovoltaic (OPV) solar cells aim to provide a photovoltaic (PV) solution that is both Earth-friendly and low-energy-producing. In theory, this technology could provide electricity at a lower cost than first- and second-generation solar technologies. Organic solar cells can cover more surface area than their inorganic counterparts can. Organic cells with flexible solar modules can be manufactured using roll-to-roll production, which is less expensive than traditional manufacturing methods.
COVID-19 Impact analysis
COVID-19's unprecedented crisis in 2020 continues to have a visible and significant impact on the global workforce, industry, country, and economy. The disease has spread to nearly 100 countries around the world since the COVID-19 virus outbreak in December 2019, prompting the World Health Organization to declare it a public health emergency. The global effects of the coronavirus disease 2019 (COVID-19) are already being felt, and the organic PV solar cells market will be significantly affected. COVID-19 has the potential to have three major effects on the global economy: directly affecting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. Flight cancellations, travel bans, and quarantines; restaurants closed; all indoor events restricted; over forty countries declared states of emergency; massive supply chain slowdown; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about the future have all been impacted by the COVID-19 outbreak.
Top Impacting FactorsÂ
Companies will be compelled to promote the use of renewables for power generation, particularly solar and wind energy, as a result of strict government policies. Organic PV solar cells are a third-generation PV technology that can generate electricity at a lower cost than first- and second-generation solar cells. Because of rising energy demands in various end-user applications around the world, the global organic solar cell market is expected to grow significantly. A key market driver is the increased reliance on renewable resources for power generation as a result of environmental benefits. Furthermore, government tax breaks and subsidies in lieu of renewable energy generation contribute to the market's growth.Â
Market Trends
Key Benefits of the Report
Organic Solar Cells Market Report Highlights
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Key Market Players | Sumitomo Chemical Co. Ltd, Disa Solar, Solarmer Energy Inc, BELECTRIC OPV GmBH, New Energy Technologies, Mitsubishi Chemical Corporation, Heliatek GmBH |
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