Technological advancements in solar cell technologies have led to the introduction of a new class of solar cells, called organic solar cells. These cells make use of organic electronics to convert solar energy into electrical energy. The concept of organic solar cells have gained acceptance, despite it being a new technology, owing to the low manufacturing costs and ultra-thin, transparent, and flexible characteristics of these cells. Due to these physical properties, organic solar cells have been increasingly used in mobile devices such as laptops, notebooks, and also in clothes and bags.
Future of Organic Solar Cells to be determined by Overcoming Lack of Efficiency and Durability Issues
In spite of the numerous benefits of organic solar cells, the future of these cells could be at stake if issues such as short lifespan and low efficiency are not resolved. The efficiency provided by conventional solar technology is far higher than that provided by organic solar cells, which is expected to dampen their adoption. Also, the short life span of 2-3 years of these cells in comparison to the 20 to 25 years of lasting period of conventional solar cells, will discourage consumers from adopting this technology.
Europe to Lead in Organic Solar Cells Market
Owing to the aggressive investments in R&D activities taking place in European countries such as Belgium, France, the U.K., and Denmark, the organic solar cell market in this region is expected to grow. Europe is thus expected to be the leading region in the market that holds lucrative opportunities. Wide-ranging applications of organic solar cells in various sectors have pushed the market in Europe.
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