The global building integrated photovoltaics market to grow at a CAGR of 9.78% during the period 2017-2021.
Global Building Integrated Photovoltaics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of BIPV-related products in the market.
The latest trend gaining momentum in the market is growing number of green buildings. The actual construction, establishment, and subsequent continuous operation of a building requires a substantial amount of energy.
According to the report, one of the major drivers for this market is need to reduce energy cost. Commercial buildings, healthcare facilities, and manufacturing plants are the most energy-intensive end-users as they need to function round-the-clock and use various equipment for the upkeep of their in-house operations. As a result, the demand and amount spent on electricity in these facilities is high. A growing number of commercial buildings with large floor spaces is adding to the energy cost of the building sector.
Further, the report states that one of the major factors hindering the growth of this market is absence of BIPV-specific standards. As BIPV modules serve dual functions, they must follow codes and standards of PV and construction industries. Presently, PV modules, including BIPV, are subject to the design and qualification standards devised by the Underwriters Laboratory and the International Electrotechnical Commission. But, BIPV may be required to meet other criteria as a structural component, and this can act as a market inhibitor.
- First Solar
- Sharp Solar
- Suntech Power
- Trina Solar
- Yingli Solar
Other prominent vendors
- Ascent Solar Technologies
- Canadian Solar
- ertex solar
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by end-user
Part 07: Geographical segmentation
Part 08: Market segmentation by panel types
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
Part 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/p66f9n/global_building
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-building-integrated-photovoltaics-market-report-2017-2021-major-drivers-for-this-market-is-need-to-reduce-energy-cost---research-and-markets-300389284.html
SOURCE Research and Markets