Polymer Photovoltaic Cell Market is projected to grow USD 1533.4 Mn in 2028, at a CAGR of 25.6%
The polymer photovoltaic cell market was valued at USD 698.2 Mn in 2021. The market is projected to grow USD 1533.4 Mn in 2028, at a CAGR of 25.6%. Electrical energy is a basic requirement, and demand is growing all around the world. Also, the demand for a renewable energy source has grown in importance, and solar energy, which is renewable and backed by the government's ambitious green energy ambitions has become a major attraction for investors. Over the last decade, nations such as China, Germany, and the United States have developed solar powerhouses and expanded solar energy production, which has aided the growth of the polymer photovoltaic cell market. The primary drivers including increased solar energy deployment as a result of supportive government initiatives and targets to incorporate renewable energy as a source of alternative energy and reduce global greenhouse gas (GHG) emission rates. However, the lower efficiency of polymer solar cells compared to silicon solar cel