Building-integrated Photovoltaics Market Growth and Outlook:
A new research document titled, “Building-integrated Photovoltaics Market” is released by MMR. The market study is a cautious attempt of the industry with strategic steps to the targets of the business environment and the ones that are tried to have an essential impression on the progression of the Building-integrated Photovoltaics market. AMA recognizes the following companies as the major players in the Building-integrated Photovoltaics market which include.
In this research, we discuss all market aspects. Positive aspects, constraints, possibilities, and problems are all discussed in depth in the paper, and all data is gathered from press releases and yearly reports. The goal of the study is to propose a patent-based strategy for finding possible technology partners as a tool for encouraging open innovation. The report's market share research and comparison of the leading players allow users to take additional steps in their organization's growth or improvement.
Expected Growth of Revenue:
Building-integrated Photovoltaics Market size was valued at US$ 12.23 Bn. in 2021 globally and revenue is expected to grow at 23.25 % from 2022 to 2029, reaching nearly US$ 65.12 Bn.
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Building-integrated Photovoltaics Market Dynamics:
When compared to conventional building materials, building-integrated photovoltaic (BIPV) technologies offer building more capabilities. A building that uses energy becomes an energy producer thanks to BIPV technology. In order to do this, BIPV technology must be combined with construction technology. Roofs, façades, and skylights are examples of outside architectural features where photovoltaic modules are used. Buildings benefit from BIPV in terms of noise reduction, thermal insulation, and weather protection. Due to the dearth of available ground land and the availability of underutilized roof space, rooftop solar photovoltaic (PV) systems are becoming more and more common.
Building-integrated Photovoltaics Market Leading Companies:
• Greatcell Energy Limited
• First Solar, Inc.
• Hanergy Holding Group Ltd.
• Global Solar Energy, Inc.
• Hanwha Q CELLS Co., Ltd.
• Heliatek GmbH
• Sharp Corporation
• Trina Solar
• Wuxi Suntech Power Co., Ltd.
• Yingli Green Energy Holding
• AGC Inc.
• BELECTRIC GmbH
• CertainTeed Corporation
• Ertex solartechnik GmbH
• Onyx Solar Energy S.L.
• Romag
• Scheuten Glas Nederland B.V.
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Building-integrated Photovoltaics Market Segmentation Analysis:
Due to the availability of a greater panel installation area for BIPV, the roof sector is predicted to develop at the highest CAGR during the projected period. Demand for residential roof installation is expected to increase in countries including the U.S., the UK, Germany, and France. Additionally, it is projected that during the forecast period, an increase in the deployment of energy storage systems will support the demand for off-grid solar PV systems.
Building-integrated Photovoltaics Market Regional Trends:
- North America (U.S., Canada)
- Europe (U.K., Germany, France, Italy)
- Asia Pacific (China, India, Japan, Singapore, Malaysia, South Korea )
- Latin America (Brazil, Mexico, Argentina, Chile)
- Middle East & Africa (South Africa, Egypt, and Saudi Arabia)
The Building-integrated Photovoltaics market is very focused because of the nearness of many key organizations. The main Players are focusing on presenting new products/services and are constantly upgrading their existing offerings to keep pace with the overall industry.
Building-integrated Photovoltaics Market Research Methodology:
- The top-down and bottom-up approaches are used to estimate and validate the size of the Building-integrated Photovoltaics market.
- In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Building-integrated Photovoltaics market.
- In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
- Finally, the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting a prior appointment by targeting a key target audience that includes.
- Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, Annual reports, press releases, etc.
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