According to our latest market study on “Building Integrated Photovoltaics Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Technology, Type, Application, and End Use,” the market is projected to reach US$ 13,023.97 million by 2028 from US$ 4,605.97 million in 2021; it is expected to grow at a CAGR of 16.0% from 2021 to 2028.
Increasing Demand for Renewable Power Generation across Industrial Sector Presents Growth Opportunities for Building Integrated Photovoltaics Market
Photovoltaics (PV) is an elegant way of generating power on-site from solar energy. PV power systems for individual buildings are the most common of these distributed applications. BIPV systems can help save money on materials and electricity by acting as both a building envelope material and a power generator, reducing the use of fossil fuels and lowering the release of ozone-depleting gasses while also adding architectural beauty to the structure. Major countries around the world are introducing plans to shift toward ultra-low-energy buildings to overcome the challenges presented by climate change. The increasing focus of the European Union on setting regulatory standards related to energy performance in buildings and supportive investments in augmenting renewable power generation are the key factors driving the demand for BIPV across European countries. At the end of 2020, the European Union mandated all new buildings in EU member countries to be nearly zero-energy buildings (nZEB) through its Energy Performance of Buildings Directive (EPBD). In addition, in July 2020, The Italian Government extended a new incentive program for homeowners that will reimburse up to 110% super-bonus of the cost of building improvements that increase energy efficiency till December 2022. Thus, supportive initiatives for promoting the use of sustainable construction materials are fueling the building integrated photovoltaics market size to grow. The key players operating in the building integrated photovoltaics market include Heliatek, AGC Inc., ertex solartechnik GmbH, ISSOL sa, MetSolar, Onyx Solar Group LLC., ClearVue Technologies Limited, ASCA SAS, Saule Technologies, and Waaree Energies Ltd.
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Impact of COVID-19:
The COVID-19 pandemic continues to negatively influence the overall consumer electronics industry owing to considerable disruption in the industry supply chain activities coupled with the several countries sealing off their international trade in wake of the pandemic. Further, as the developed economies in Europe and Asia have virtually closed their international borders with neighboring countries, it has contributed significantly in their import and export activities impacting numerous industries. As result, several countries have witnessed varying impact of COVID-19 in their demand for overall consumer electronics industry including Building Integrated Photovoltaics based on the composition of market players and reliability on regional import of goods. For instance, regions such as MEA and SAM witnessed a notable decline in availability of products owing to heavy reliance on imported Building Integrated Photovoltaicss from the Europe and APAC regions. Whereas, countries such as Europe, APAC, and North America witnessed moderate to little impact owing notable presence of local manufacturers which continued to provide for the regional demand for Building Integrated Photovoltaics. Hence, the market is expected to witness moderate decline in demand as the countries begin to resume their economic activities upon instruction from respective government.
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Our Research Analyses Some Key Points for your Research Study:- Market Research Report, Industry Business Outlook, Revenue, Trends, Industry Business Outlook, Revenue, Comprehensive Analysis, Development Strategy, Future Plans and Industry Growth, Potential growth, attractive valuation, increasing demand with Industry Professionals, innovations, CAPEX cycle and the dynamic structure, increasing demand, gross profits, operating income, COGS, EBITDA, sales volume, product offerings, company landscape analysis, key strategic moves, key recent developments, and technological roadmap
Major Type of Building Integrated Photovoltaics Market Research report:
- Monocrystalline
- Polycrystalline
- Thin Film
Application Building Integrated Photovoltaics Market Research Report:
- Roofs
- Walls
- Glass
- Façade
- Others
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Key Industry Insights
This Market report is a wide audit that incorporates an itemized review of the Building Integrated Photovoltaics business. The report clarifies kind of Building Integrated Photovoltaics and application in various verticals of the market with respect to different nations and key areas. The examination has recorded and assessed all the central members in the worldwide Building Integrated Photovoltaics market and analyzed them based on various measurements, for example, yearly deals shipments volume, verifiable development rates, market income, and promoting techniques. Based on every one of these discoveries, the worldwide Building Integrated Photovoltaics industry study report proposes key intends to improve market positions for existing business sector members.
This Study Report Offers Following Objectives:
- Conjecture and examination of the worldwide Building Integrated Photovoltaics market deals, share, worth, status and figure 2028.
- Break down the local just as nation level portions, share development for Global Building Integrated Photovoltaics Market.
- Investigation of Global Building Integrated Photovoltaics industry-driving makers/players.
- Characterize and investigate the market rivalry scene, SWOT examination.
- Estimates and investigation of the portions, sub-sections and the provincial business sectors dependent on last of 5 years market history.
- Examination of the Building Integrated Photovoltaics market by Type, by Application/end clients and district insightful.
- Estimate and investigation of the Global Building Integrated Photovoltaics Market Trends, Drivers, Investment Opportunities, Openings, Risk, Difficulties, and suggestions.
- Investigate the critical driving elements, patterns which confine market development.
- Portray the partner's chances in the market by recognizing the high development fragments.
Top Points Covered in the Global Building Integrated Photovoltaics Market:
- Industry Overview of Global Building Integrated Photovoltaics Market;
- Classification, Specifications and Definition of Building Integrated Photovoltaics Market Segment by Regions;
- Process and Structure
- Research Findings/Conclusion, Building Integrated Photovoltaics deals channel, traders, distributors, dealer’s analysis;
- Complete Market Research, Capacity, Sales and Sales Price Analysis with Company Segment;
- Analysis of Regional Market that contains the United States, Europe, India, China, Japan, Korea & Taiwan;
- Building Integrated Photovoltaics Market Analysis by Major Players, The Building Integrated Photovoltaics Segment Market Analysis (by Type) and (by Application);
- Regional Market Trend Analysis, Market Trend by Product Type and by Application:
- Supply Chain Analysis, Regional Marketing Type Analysis, Global Trade Type Analysis;
- The Global Building Integrated Photovoltaics industry consumers Analysis;
- Appendix and data source of Building Integrated Photovoltaics market.
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