DUBLIN--(BUSINESS WIRE)--The "Building Integrated Photovoltaics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global building integrated photovoltaics market size reached US$ 16.2 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 46.4 Billion by 2027, exhibiting a CAGR of 19.17% during 2021-2027.
Building Integrated Photovoltaics Market Trends:
The increasing demand for building integrated photovoltaic materials can be attributed to the rising integration of solar energy solutions in commercial infrastructures for architectural optimization and energy conservation. Moreover, growing environmental concerns towards the depleting non-renewable power resources, such as oil, coal, etc., have further bolstered the demand for solar power generation. Additionally, rapid modernization in the construction and building sector along with the increasing focus on clean energy has fueled the demand for green or zero- emission buildings.
Furthermore, the growing consumer awareness towards several ecological benefits of BIPV has resulted in the rising adoption of solar energy harnessing systems in the residential sector. Apart from this, implementation of favorable government policies supported by several initiatives for promoting the need for reducing carbon footprints have also catalyzed the demand for building-integrated photovoltaics on a global level.
Furthermore, the increasing demand for BIPV components in the developed regions, such as North America and Europe, is primarily driven by the supporting infrastructural developments in the form of optimum grid-parity of photovoltaic solutions supported by several financial incentives offered by regional governments.
On the other hand, several emerging economies, such as India, China, Vietnam, etc., are experiencing high product demand due to the reduced solar installation costs and wide availability of BIPV materials across these countries.
Moreover, various technological advancements coupled with the increasing penetration of wireless connectivity have led to the introduction of automated BIPV components, thereby bolstering the market growth. Additionally, rising investments in several R&D activities for the superior integration of advanced module technologies are also driving the product demand.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global building integrated photovoltaics market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, application and end use.
Breakup by Product Type:
- Thin Film
Breakup by Application:
Breakup by End Use:
Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Building Integrated Photovoltaics Market
6 Market Breakup by Product Type
7 Market Breakup by Application
8 Market Breakup by End Use
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porter's Five Forces Analysis
13 Price Indicators
14 Competitive Landscape
- Ankara Solar AS
- Ertex Solartechnik GmbH
- Hanergy Holding Group Ltd.
- Hermans Techniglaz
- ISSOL sa
- Navitas Green Solutions Pvt. Ltd.
- NanoPV Solar Inc.
- Polysolar Ltd.
- Sphelar Power Corporation
For more information about this report visit https://www.researchandmarkets.com/r/y3l9up