Building Integrated Photovoltaics Market Extensive Growth Opportunities To Be Witnessed By 2030
Building Integrated
Photovoltaics Market Highlights
The Building
Integrated Photovoltaics Market size is expected to reach USD 40.82 Billion
by 2026, growing at a 17.93% CAGR between 2020 and 2026. Building integrated
photovoltaics refers to the integration of photovoltaics wherein the PV
elements become an important part of the buildings in which they are installed.
The PV specialists all across the globe are developing ways of incorporating
solar electricity in commercial buildings. Building integrated photovoltaics
consists of photovoltaics models such as roofs and façades. It also offers
savings in PV materials and electricity costs.
The global building integrated
photovoltaics market has been segmented based on product, application, and
technology. Based on product, the global market is divided into roofs, wall
integrated solutions, glass, façade, and others. The roof segment is expected
to hold the largest share of the market and grow at the fastest rate during the
study period. Based on application, the global building integrated
photovoltaics market is segmented into industrial buildings, commercial
buildings, and residential buildings. The industrial segment is expected to
grow at the fastest rate during the forecast period due to the increasing need
for renewable cost-effective power sources. Countries such as Japan, China, the
US, and India, among others, are entering into agreements to generate power
through photovoltaics. Based on technology, the global building
integrated photovoltaics market has been divided into crystalline silicon and
thin-film technologies. The crystalline segment is expected to hold the larger
share within the global building integrated photovoltaics market.
Request Sample Report @ https://www.marketresearchfuture.com/sample_request/10013
In 2019, Asia-Pacific
dominated the building-integrated photovoltaics market in terms of share: MRFR
The global building integrated
photovoltaics market has been segmented into five regions, namely,
Asia-Pacific, the Middle East & Africa, Europe, North America, and South
America. Asia-Pacific is expected to hold the largest share of the market
during the forecast period. This is primarily because countries in the region
are extensively focused on developing renewable energy sources to reduce carbon
emissions. In Asia-Pacific, China held the largest market share in 2019 due to
extensive government support to introduce renewable energy sources. While the
building integrated photovoltaics market is expected to grow at the fastest
CAGR in India and China during the forecast period due to initiatives for the
policies and programs related to renewable energy generation and increasing
awareness regarding the construction of green buildings. In North America, the
US held the largest share in the market and is expected to grow at the fastest
CAGR during the study period, due to the policies that are framed to expand the
use of clean fuels for energy requirements, especially in solar and wind energy
industry. In Europe, Germany held the largest share of the regional market in
2019 and is projected to grow at the fastest rate during the study period,
primarily due to the increase in the demand for integrated residential solar
installations. In the Middle East & Africa, the UAE is expected to be one
of the leading country-level markets in the region for building integrated
photovoltaics.
Scope of the Report
This report provides an in-depth
analysis of the global building integrated photovoltaics market, tracking
three market segments across five geographic regions. The report studies key
players, providing a five-year annual trend analysis that highlights the market
size and share for North America, Europe, Asia-Pacific, South America, and the
Middle East & Africa. The report also presents a forecast, focusing on the
market opportunities for the next five years for each region. The scope of the
study segments the global building integrated photovoltaics market by product,
application, technology, and region.
Key Players
The Key Players operating in the
Global Building Integrated Photovoltaics Market are Solaria
Corporation (US), Ertex Solartechnik GmbH (Germany), Canadian Solar Inc.
(Canada), Scheuten Solar (The Netherlands) Wurth Solar (Germany), Dow Solar
(US), Suntench Power (China), Belectric (Germany), Carmanah Technologies
Corporation (Canada), Dyesol Ltd. (Australia), Hanergy Holding Group Limited
(China), Tesla Inc. (US), NanoPV Solar Inc. (US) and ML System (Poland).
Request Customization @ https://www.marketresearchfuture.com/ask_for_customize/10013
Segmentation Analysis:
- Product
- Roofs
- Wall integrated solutions
- Glass
- Façade
- Others
- Application
- Industrial buildings
- Commercial buildings
- Residential buildings
- Technology
- Crystalline silicon
- Thin-film technology
- By Region
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
Comments
Post a Comment