Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Organic Solar Cells Market size was USD 227.74 million in 2024 and is estimated to reach USD 3.39 billion by the end of 2037, expanding at a CAGR of 23.1% during the forecast period, i.e., 2025-2037. In 2025, the industry size of organic solar cells is assessed at USD 280.35 million.
Organic solar cells are growing due to the rising demand for building-integrated photovoltaics (BIPV) products, bringing functionality to a building, which is driving growth in the organic solar cells market. Buildings that employ this technology become energy producers rather than consumers. BIPVs shield buildings from noise and weather. In addition, they provide thermal insulation. BIPVs do not require brackets and rails, this technique lowers the overall cost of installation and building materials. Their popularity has been steadily increasing since architects and designers employ BIPV products creatively, while producers create new goods to satisfy the growing organic solar cells market.
The organic solar cells industry can offer renewable energy solutions with benefits, including lightweight, flexibility, and the possibility of reduced production costs. Nevertheless, the organic solar cells sector is still researching and developing solutions for problems, including reduced efficiency in comparison to conventional silicon-based solar cells and stability problems in a range of environmental conditions. As a third-generation solar cell, organic solar cells (OSCs) use organic polymer material as the light-absorbing layer. They are among the newest innovations in photovoltaics (PV). Organic solar cells aim to provide a photovoltaic (PV) solution that uses less energy and is abundant in the soil.
For the next ten years, solar energy experts stress the significance of sustaining an annual global increase in photovoltaic (PV) capacity of at least 25%. By 2050, such an increase is necessary to achieve a global energy system that is climate-neutral. It is projected that more than 75 terawatts of solar power must be installed globally by 2050 to meet the carbon emission reduction targets.
