The global demand for Building Integrated Photovoltaics Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Building-integrated photovoltaics incorporates photovoltaic (PV) into building envelopes such as walls, roofs, etc. PV uses semiconductor material and converts sunlight to electrical energy. Building Integrated Photovoltaics system often generates more energy than conventional PV panels. The system makes construction eco-friendly and can be integrated into any building, including residential and commercial building structures. Building Integrated Photovoltaics is cost-effective than conventional PV panels mounted on the rooftops of the building. It reduces the cost of the labor and material that would otherwise be utilized to build the part which is replaced by the Building Integrated Photovoltaics system.
The global building-integrated photovoltaic system market is expanding rapidly, owing to increasing adoption for eco-friendly building construction, and growing preference to utilize solar energy for electricity generation. Increasing government initiatives for building integrated photovoltaics is further supporting the market. The characteristic features of the building-integrated photovoltaic system over conventional PV systems, such as cost-effectiveness, enhanced energy generation, thermal insulation, and structural stability, contribute to the growth of the market. The COVID-19 pandemic is likely to hinder the global building integrated photovoltaics system market owing to stand still building construction activities and disrupted supply chain.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of building integrated photovoltaics.
The entire Building Integrated Photovoltaics market has been sub-categorized into technology, application, end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
This section covers regional segmentation which accentuates on current and future demand for building integrated photovoltaics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Building Integrated Photovoltaics Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the building integrated photovoltaics market include AGC Solar, Belectric, Heliatek GmbH, Carmanah Technologies Corporation, Dyesol Ltd. (Greatcell Solar Limited), Hanergy Holding Group Limited, Ertex solartechnik GmbH, ISSOL sa, Canadian Solar Inc., Onyx Solar Energy S.L., Tesla Inc., NanoPV Solar Inc., Solaria Corporation, BIPVco Limited, Solaxess. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.