Building-integrated Photovoltaics Market Expected To Grow With USD 59.5 Billion By 2028

 San Francisco, 26 April 2021: The Report Building-integrated Photovoltaics Market Size, Share & Trends Analysis Report By Technology (Crystalline Silicon, Thin Film), By Application (Roofs, Glass), By End Use (Industrial, Commercial), And Segment Forecasts, 2021 - 2028

The global building-integrated photovoltaics market size is expected to reach USD 59.5 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 20.0% from 2021 to 2028. The market has witnessed significant product adoption in recent years due to the high aesthetic appeal of integrated solar panels.

Various regulations enacted by the European Commission mandate the size and specifications of the installations to be used for commercial, residential, and industrial applications. Increased efforts taken by the national governments toward the use of renewable sources of energy are likely to drive the market over the forecast period.

Research and development efforts are increasingly being taken in the market in order to improve the efficiency of cells used in BIPV installations. Technological advancements have also led to the introduction of organic photovoltaics with higher bandgap and increased efficiency. Both these factors are expected to result in an increased demand for BIPV over the forecast period.

Companies operate through a well-established distribution network, which enables them to charge a higher price for the installation as compared to manufacturers. BIPV manufacturers are generally forward integrated for the distribution and installation of the modules onto buildings. Market players such as Suntech are involved in the manufacturing of BIPV modules that are supplied to end users. Such companies benefit from higher profit margins due to the elimination of distributors.

Access Research Report of Building-integrated Photovoltaics Market @ https://www.grandviewresearch.com/industry-analysis/building-integrated-photovoltaics-bipv-market

Building-integrated Photovoltaics Market Report Highlights

  • By technology, the crystalline silicon segment occupied a dominant position in 2020 owing to the abundant product availability. In addition, C-Si offers high conversion efficiency on a commercial scale, which leads to high demand for the installation
  • Based on application, roofs held the largest revenue share in 2020 on account of the ease of product installation, coupled with their high-performance characteristics
  • The commercial application segment held a considerable share in 2020. The high emphasis on the aesthetic appeal of solar energy-harnessing systems primarily in commercial establishments is likely to fuel the demand for the product in commercial applications

List of Key Players of Building-Integrated Photovoltaics Market

  • AGC Solar
  • Belectric
  • Heliatek GmbH
  • Carmanah Technologies Corp.
  • Dyesol Ltd. (Greatcell Solar Ltd.)
  • Ertex solartechnik GmbH
  • ISSOL SA
  • Canadian Solar Inc.
  • Onyx Solar Energy S.L.
  • Tesla Inc.

Access Press Release of Building-integrated Photovoltaics Market @ https://www.grandviewresearch.com/press-release/global-building-integrated-photovoltaics-bipv-market

 

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein retail stores, restaurants, and hot
Read more