Global Building Integrated Photovoltaics (BIPV) Market 2021-2026: Growth Of Zero-Energy Buildings (Zebs) / Development Of Next-Gen Bipv Products / Rising Smart Home Penetration
DUBLIN, March 30, 2021 /PRNewswire/ -- The "Building Integrated Photovoltaics (BIPV) Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global building integrated photovoltaics market by revenue is expected to grow at a CAGR of over 16% during the period 2021-2026.
The global market has observed a rapid growth in Europe, North America, and parts of APAC in recent years. With the improvement in infrastructure, lux residential complexes, commercial office spaces, airports, and hospitals, the demand for sustainable energy products, including BIPV, is growing.
The market has historically been concentrated in the US and Europe and accounted for the highest installations; however, emerging economies are currently contributing toward the BIPV demand significantly. The application of BIPV products in the residential sector is expected to increase with the growth in awareness and increase in disposable incomes in developing regions. Along with the rising demand for new installations, the market in developed regions is witnessing an increased demand from retrofit projects.
The Europe BIPV market is expected to grow at a CAGR of over 14% during the forecast period. As solar energy is the cheapest source of electricity in Nordics, the momentum for PV is growing in the region. The growth of BIPV has been steady and optimistic in countries such as Norway, Sweden despite the absence of special subsidies and wide policies.
The BIPV system as a building envelope material is economically feasible in Norway that is driving the adoption. Homeowners in the Netherlands have shown keen interest in PV modules. Europe is one of the largest markets in terms of installed PV capacities and annual installations across the world. Institutions and industries in Europe are increasingly adopting eco-friendly or green technology to reduce carbon footprints from buildings.
Buildings have become exceedingly complex with the incorporation of smart technology. While the beneficial economic factors that are capable to drive the demand for BIPV installation in Europe, there are certain policies and regulations that could hamper the demand for BIPV installation. Reduction in incentives and subsidies and decrease or removal of feed-in-tariff rates can adversely affect market growth in the region.
Insights by Vendors
The global building integrated photovoltaics market is observing a flurry of activities, with new entrants queuing up to entry it. However, high initial capital investments hamper the entry of new players as development and commercialization of high-efficiency BIPV modules technology remain a capital-intensive affair.
As the building integrated photovoltaics (BIPV) market grows with the growing adoption of solar energy in residential and commercial buildings, it is expected that vendors invest in enhancing their product portfolio during the forecast period.
The incorporation of recyclability in manufacturing processes can enhance the significance of vendors in terms of sustainability and eco-friendliness. With solar energy witnessing traction, the potential for reducing energy costs is significantly high.
Key Questions Answered
1. How is smart home automation growth affecting the BIPV market growth?
2. What are the major sustainable practices followed by building integrated photovoltaics manufacturers?
3. What is the market size and growth rate of the BIPV market during the period 2021-2026?
4. Which segment is likely to emerge as the largest revenue-generator during the forecast period?
5. Which regions are expected to dominate the BIPV market shares during the forecast period?
6. What are the market restraints impacting the building integrated photovoltaics market growth?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 COVID-19 Impact
8 Market Opportunities & Trends
8.1 Growth Of Zero-Energy Buildings (Zebs)
8.2 Development Of Next-Gen Bipv Products
8.3 Rising Smart Home Penetration
9 Market Growth Enablers
9.1 Preference For Non-Conventional Energy Sources
9.2 Utilization In Sustainable Renovation Techniques
10 Market Restraints
10.1 High Initial Investment
10.2 Technical Barriers Affecting Scalability
10.3 Lack Of Awareness And Competition From Conventional Sources
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
12 Technology
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Crystalline Silicon
12.4 Thin-Film
12.5 Others
13 Application
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Roof
13.4 Facade And Window
14 End-User
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Commercial
14.4 Residential
14.5 Others
Competitive Landscape
Prominent Vendors
- First Solar
- Yingli Solar
- Solar Frontier K.K
- Hanwha Solar
- Hanergy Holding Group
Other Prominent Vendors
- Solarcentury
- Sharp Corporation
- REC Solar Holdings AS
- Panasonic
- Wuxi Suntech Power Co.
- Canadian Solar
- KYOCERA Corporation
- Onyx Solar Group
- SunPower
- Jinko Solar
- Tesla
- Heliatek
- BIPVco
- Visaka Industries
- NanoPV Solar
- Tractile
- ISSOL
- ertex Solar
- Nippon Sheet Glass
- BISOL
- ViaSolis
- Topsun Energy
- Polysolar
For more information about this report visit https://www.researchandmarkets.com/r/mz2egg
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article