Market analyst, NanoMarkets has recently released a report titled, ‘Materials, Applications and Opportunities in Organic Photovoltaics,’ on the thin-film and organic photovoltaics markets. The report predicts that the OPV market will generate revenues of $387 million by 2016.
OPV is a niche technology, so the focus has shifted toward small markets with immediate developments. It is expected to be applicable in the portable energy market consuming $250 million in 2016. BIPV glass will utilize $113 million in 2016. It delivers 8% efficiency on champion cells. The report says Mitsubishi anticipates OPV champion cells to achieve 15% efficiency by 2015.
It is used by both subsidiaries and investments and OPV growth is predicted to be enabled mainly by enhanced materials such as specialized donor/acceptor materials that react to OPV ability to operate under interior lighting. The report predicts that the OPV market will touch almost $200 million by 2016, half of it from encapsulation and substrate materials, revealing OPV susceptibility to oxygen and water vapor in most applications
The report includes market opportunities and trends in both on and of grid applications such as portable and embedded electronics, BIPV glass, roof and siding. OPV-related materials markets such as donor, acceptor and HTL/EBL and electrode materials, packaging platforms and substrates are also discussed. A granular, eight-year prediction categorized by MW, square meters of PV material and market value is also given. Key players featured include Agfa, BASF, Eight19, GPEC, Heliatek, Heraeus, Konarka, Merck, Mitsubishi, Plextronics, Solar Press, Solarmer and Sumitomo.