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Monday, November 8, 2021

Global Building-Integrated Photovoltaics Market to be Driven at a CAGR of 9% in the Forecast Period of 2021-2026

 The new report by Expert Market Research titled, ‘Global Building-Integrated Photovoltaics Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global building-integrated photovoltaics market, assessing the market based on its segments like technology, application, end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 4.12 Billion
  • Forecast CAGR (2021-2026): 9 %
  • Forecast Market Size (2026): USD 6.09 Billion

The growth of the global building-integrated photovoltaic system is driven by the shifting trend towards renewable energy sources. The increasing utilisation of solar energy solutions globally along with increasing sustainability in supply chains is expected to bolster the market growth. Additionally, the rising awareness for green building and zero-emission structures is anticipated to bolster the market growth. Moreover, the research and development activities in the renewable energy sources will likely push the growth further. However, the reduction of effectiveness of BIPV systems due to high initial cost and limitation of solar energy such as intermittency and shadows may constrain the growth over the forecast period.

Industry Definition and Major Segments

A building-integrated photovoltaic (BIPV) system refers to an important component of the building skin utilised in converting solar energy into electricity along with protecting the structure from the environmental elements. BIPV is one of the fastest growing segments of the solar photovoltaic industry.

Explore the full report with the table of contents@

Based on technology, the global building-integrated photovoltaics market can be divided into:

  • Crystalline Silicon (C-SI)
  • Thin Film
  • Others

Building-integrated photovoltaics market on the basis of application can be divided into:

The industry based on end use, is categorised into:

The regional markets for building-integrated photovoltaics include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Regionally, Europe is expected to hold the largest share in terms of installed capacity in the global market for building-integrated photovoltaic systems. This can be attributed to due to stringent environmental regulations policies, higher customer willingness to adopt environmental-friendly practices, along with increasing pressure for reducing net energy consumption from buildings. Additionally, the EU’s target to achieve 27% share for renewable energy consumption is anticipated to increase the growth further. Meanwhile, North America is expected to show a significant growth over the forecast period due to increasing awareness for the integration renewable energy sources.

Key Market Players

The major players in the market are AGC Solar, Belectric, Heliatek GmbH, Carmanah Technologies, Corporation, Dyesol Ltd. (Greatcell Solar Limited), Hanergy Holding Group Limited, Ertex solartechnik GmbH, and few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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