Global Organic Photovoltaics (OPV) market will reach 340.38 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/6

The organic photovoltaics technology is useful to transform solar energy to fully, redefined energy of electricity.  The technology has the potential to supply electricity at a lower cost in comparison to the first or second generation solar technologies. The organic photovoltaics have their use in certain electronic gadgets and wearable devices, where the product is designed to operate on solar energy. This technology is widely used in high rises to create use unconventional sources. The rising concern regarding greenhouse gas emissions and carbon footprint have also influenced the market of organic photovoltaics. The growing trend of building green structures is expected to favor market growth along with the aforementioned factors.

The global organic photovoltaics (OPV) market was worth US$74.17 mn in 2019 and the report suggests that the market will reach US$340.38 mn by 2025, registering a robust CAGR of 28.91%.

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