Organic solar cells - Emerged as a new promising photovoltaic devices due to their potential applications in large area, printable and flexible solar panels and one of the most exciting applications of organic semiconductors is in photovoltaic devices. It holds the potential to reduce the overall cost involved in manufacturing and installing of silicon solar cells. Organic solar cells are manufactured from thinner films of organic semiconductors that comprise of polyphenylene vinylene and tiny molecules of copper phthalocyanine. These solar cells also include carbon fullerenes and fullerene derivatives. Fluctuating silicon prices are acting as one of the crucial driving factors for the organic solar cell market. Depleting fossil fuels, the rising demand for electricity, and the rising global temperature owing to burning of fossil fuels are diverging consumers across the globe to use organic solar cells. Research and development is responsible for the high cost of manufacturing and production.
The new upcoming regulations of EPA and Greenpeace, imposing strict ban over the silicon based semiconductor, would further create new market opportunities for the organic solar cell.
Some of the major players of the market are Sono-tek, Heliatek, Solarmer, Mitsubishi, Plextronics, Dyesol, EPFL, Peccell, G24i and others.