Building Integrated Photovoltaics Market Analysis, Recent Trends and Regional Growth Forecast by 2025

20/nov/2020 12:10:02 IMARC Group Contatta l'autore

According to the latest report by IMARC Group titled, “Building Integrated Photovoltaics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global building integrated photovoltaics market grew at a CAGR of around 20% during 2014-2019.

Building integrated photovoltaic (BIPV) is a solar power generating component that is used in the construction of roofs, skylights and facades in a building. It acts as the outer layer of the structure, which produces electricity for on-site use and exports it to the grid. It aids in reducing material and electricity costs and minimizing the utilization of fossil fuel and the emission of ozone-depleting gases.

The escalating demand for integrated solar energy solutions in commercial installations, owing to the growing awareness about green and zero-emission buildings, represents one of the key factors driving the global BIPV market growth. Furthermore, governments of various countries are implementing favorable policies to promote the utilization of renewable energy, which, in turn, is propelling the market growth. They are also supporting infrastructural developments in the form of optimum grid-parity of photovoltaic (PV) systems, which is expected to create a positive outlook for the market in the coming years.

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Insights on Market Segmentation:

Market Breakup by Product Type

  • Polycrystalline
  • Thin Film
  • Other

Market Breakup by Application

  • Roof
  • Facades
  • Glass
  • Other

Browse full report with detailed TOC and list of figures and tables:

Market Breakup by End-Use

  • Commercial
  • Residential
  • Industrial

Market Breakup by Region:

  • Europe
  • North America
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Ankara Solar AS, Ertex Solartechnik GmbH, Hanergy Holding Group Ltd, Hermans Techniglaz, ISSOL sa, Navitas Green Solutions Pvt. Ltd, NanoPV Solar Inc., Polysolar, Sphelar Power Corporation, VIASOLIS,etc.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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