Building-Integrated Photovoltaics Market Growth to be Propelled by a CAGR of ∼15% throughout 2022 – 2030 Ascribing to the Rise in Government Efforts to Install Solar Energy Panels

Research Nester published a report titled Building-Integrated Photovoltaics Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalbuilding-integrated photovoltaics market in terms of market segmentation by type, application, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global building-integrated photovoltaics or BIPVs market is estimated to occupy a large revenue by growing at a CAGR of ~4% during the forecast period, i.e., 2021 – 2030, owing to the rising governmental efforts to install solar energy panels, and growing focus of developed nations on green infrastructure. Apart from these, surge in awareness to design energy efficient buildings is also expected to drive market growth.

The global building-integrated photovoltaics market is segmented by type and application. Based on type, the crystalline segment is anticipated to grab the largest market share during the forecast period on the back of growing usage of crystalline materials for producing BIPVs. Additionally, by application, the industrial buildings segment is projected to occupy the largest share over the forecast period ascribing to the rising number of utility scale projects globally.

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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Europe region is evaluated to grab the largest share in the market during the forecast period attributing to the rising focus on the usage of clean energy in the region. Moreover, the market in North America is also assessed to grab a significant share owing to the presence of favorable regulations to install BIPVs in the region.

The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.

Growing Government Efforts to Install Solar Energy Panels to Expand Market

Over the last few years, the world is moving towards sustainable and eco-friendly means of power generation in order to reduce energy emissions and improve the efficiency of energy. In addition, governments are also shifting focus to implement effective energy solutions in buildings particularly in the commercial and residential sectors. These factors are considered to drive market growth in the near future.

However, lack of awareness about BIPVs in lower economic regions is expected to operate as key restraint to the growth of the global building-integrated photovoltaics market over the forecast period.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

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This report also provides the existing competitive scenario of some of the key players of the global building-integrated photovoltaics market which includes company profiling of Merck KGaA, ONYX Solar Group LLC, AGC Inc., Changzhou Almaden Co. Ltd, Heliatek GmbH, Carmanah Technologies Corporation, Dyesol Ltd., Ertex solartechnik GmbH, ISSOL SA, Tesla Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global building-integrated photovoltaics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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