Press Release Description

Product Efficiency and Technological Enhancement Projected to Proliferate the Building Integrated Photovoltaic Demand

Building Integrated Photovoltaics is the photovoltaic material that replaces the conventional building parts such as facades, rooftops, windows, walls, etc.  the building integrated photovoltaic system traps the solar rays falling on the surface of the building and converts into the electric energy. 

Growing awareness about green building, as a solution to challenging the depleting air quality level in addition to the supportive government's regulations and initiatives across the globe, is expected to propel the BIPV market.

According to MarkNtel Advisors’ research report Global Building Integrated Photovoltaic Market Analysis, 2020”, the global Building Integrated Photovoltaic market is anticipated to grow at a CAGR of around 20% during 2020-25. The energy efficiency potential of the BIPV system has been gaining market traction across different end-user segments including commercial, industrial and residential sectors.

Further, in order to curb the level of greenhouse emissions released from the buildings, the government in the established regions have framed their future targets that would propagate the demand for BIPV systems in the upcoming years.
For instance, the European Union has been demanding legislation related to energy performance from the buildings. The Union has also adopted 2010/31/EU Directive, on the energy performance of building with an objective to construct a new building that would be Nearly Zero Energy Building (NZBE) by 2020.

Market Dominance by Crystalline- Silicon Technology  
Based on the technology used in the building-integrated photovoltaics, the crystalline-silicon also known as C-Si, dominated the market with more than 50% of the market share, as revealed by MarkNtel Advisors’, research report on “Global Building Integrated Photovoltaic Market Analysis, 2020”. Besides its conventional use in solar technology, the crystalline-silicon photovoltaic modules are less costly and lightweight than the thin-film solar panels. However, the technology lacks flexibility, which makes it non-suitable for delicate application areas such as glasses and windows.

The market for film technology is projected to grow in the upcoming years, owing to the increasing demand for window BIPV systems in the commercial sector region. The thin film layer facilitates transparency from the internal view allowing with its appealing look. 
In 2019, the Asia-pacific and Europe combine held the maximum market share. The two regions are expected to attain the highest CAGR growth during 2020-25 and maintain their market dominance. The supportive government regulation for the application of renewable technology in the commercial and industrial sectors. The European Union has been following stringent environmental policies to reduce the level of greenhouse gases formed due to the photovoltaic solar radiations are and curb the level of carbon gases released from the buildings and industries.

According to MarkNtel Advisors’, some the of key competitors operating in the Global Building Integrated Photovoltaic market includes AGC Solar, Belectric, Heliatek GmbH, BIPVco Limited, Carmanah Technologies, Heliatek GmbH, Ertex solartechnik GmbH, etc.  The key competitors are focusing on product development and improving the efficiency of the product, through technological advancement. In order to gain expertise, the leading players are either entering into the mergers or undertaking acquisition initiatives.

“Global Building Integrated Photovoltaic Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Building Integrated Photovoltaic providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.       

Industry Segmentation:
1.    By Technology (Crystalline Silicon, Thin Film, and Others)
2.    By Application (Roof, Walls, Glass, Façade, and Others)
3.    By End User (Residential, Commercial, and Industrial)
4.    By Region (North America, South America, Europe, Middle East and Africa, Asia- Pacific)
5.    By Country (US, Canada, Mexico, Brazil, Colombia, Germany, Italy, France, UK, Saudi-Arabia, UAE, South Africa, China, India, Japan, and South Korea, Australia)
6.    By Company (AGC Solar, Belectric, Heliatek GmbH, BIPVco Limited, Carmanah Technologies, Heliatek GmbH, Ertex solartechnik GmbH, etc.)

Key questions answered in the study:
1.    What are the current and future trends of the Global Building Integrated Photovoltaic industry? 
2.    How the industry has been evolving in terms of end-user demand and application areas?
3.    How the competition has been shaping across the countries followed by their comparative factorial indexing?
4.    What are the key growth drivers and challenges for the Global Building Integrated Photovoltaic industry?
5.    What are the customer orientation, purchase behavior, and expectations from the Building Integrated Photovoltaic suppliers across various regions? 

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