Building Integrated Photovoltaics (BIPV) Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

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Building Integrated Photovoltaics (BIPV) Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : March, 2020 | Energy & Mining | PPT format

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Global Building Integrated Photovoltaics (BIPV) Market – Snapshot

Building integrated photovoltaic or simply BIPV are photovoltaic materials, which are used in place of the traditional construction materials. These materials are used for the construction of roofs, facades, and skylights. Building integrated photovoltaics are now becoming an integral part of the construction industry with an objective to provide electrical power. At times, some older buildings are being retrofitted these materials for making the self-sufficient in generating power. The basic advantage of building integrated photovoltaic materials over the common non-integrated conventional systems is that the initial expenses can be counterbalanced. This can be done by cutting down the amount spent on the labor and construction material, which would generally be used for the construction of the section of the building that these BIPV modules will replace.

The term building applied photovoltaics is also used at time for indicate the use of photovoltaic materials that are retrofit. It means that these photovoltaics are integrated into the building after the construction is complete.

Some of the notable developments in the global building integrated photovoltaics market are given below:

  • In November 2018, Ascent Solar Technologies announced that the company’s ultra-thin and ultra lightweight film photovoltaic has been selected by NASA. NASA’s Marshall Space Flight Center used the product to participate in the MISSE-X experiment later that month.
  • In June 2019, PowerFilm Inc. participated in the Sensors Expo in Santa Barbara. The company demonstrated a wide range of BIPV products including indoor solar development kits and indoor solar panels. The objective was to encourage product designers streamline the integration of BIPV into their low power sensor transmitters.

Photovoltaics is one of the most promising arenas among renewable energy technologies. Ensuring there are no concerns related to environmental hazards and energy shortage, photovoltaics (PV) is an ideal way of directly converting sunlight into electricity.  In building integrated photovoltaics, the photovoltaic elements have become an integral part of the building. A number of photovoltaics designers and experts in the U.S., Japan, and Europe are exploring newer ways of incorporating solar energy in buildings. 

In a building integrated photovoltaics systems, a photovoltaic system is built by assembling several individual collectors, known as ‘modules’, mechanically and electrically into an array. A building integrated photovoltaics system integrates these modules onto the surface of the building, such as the façade or the roof. Apart from adding architectural appeal to the building, the building integrated photovoltaics system saves considerable amount of material and electricity, simultaneously bringing down the use of fossil fuels and the consequent harmful emissions. Building integrated photvoltaics could be used in off-grid, stand-alone systems as well as with utility grids. Grid-tied systems offer benefits such as a free storage system, maximum efficiency, and unlimited capacity.  

The two primary photovoltaic technologies available are thin-film products and thick crystal products. Photovoltaics can be incorporated into various assemblies in a building envelope. Incorporation into the façade of a building, replacing or complementing traditional view is one way of installation. Usually, the installations are vertically positioned, with lesser access to solar energy. However, the wide surface areas of buildings enable to counterbalance the low generation of power. The deployment of photovoltaics in roofing systems eliminates the need for conventional 3-tab asphalt shingles and batten and seam metal roofing. Integration of photovoltaics with skylight systems can result into an exciting design, besides being economical.

Global Building Integrated Photovoltaics (BIPV) Market: Overview 

The demand for building integrated photovoltaics (BIPV) is rising in response to the increasing focus on renewable energy. In the next few years the construction of green building is expected to gain pace, thus creating immense scope for increased installation of BIPVs. Spurred by these factors, the global BIPV market is expected to report strong growth over the course of the forecast period.

The report presents a comprehensive market overview covering revenue growth exhibited by the market across various regional segments. For the purpose of the study, it also gauges the impact of Porter’s five forces on the market operations. 

Global Building Integrated Photovoltaics (BIPV) Market: Drivers and Restraints 

Government support and promotion strategies adopted by them to encourage energy conservation are the chief drivers of the global building integrated photovoltaics market. Installing BIPVs ensure higher energy efficiency, which is the key factor fuelling its uptake across commercial, industrial, and residential sectors. In order to promote the deployment of building integrated photovoltaics, governments of emerging nations are offering various monetary and economic benefit, which are expected to translate into growth opportunities for the market. The market is thus expected to gain from the increased efforts by government agencies to encourage the use of solar energy solutions among an increasing number of consumers. 

On the downside, installing BIPVs require high initial investment. The technology to be used also depends upon the different building codes and measurements. Lack of knowledge and expertise to estimate the same is a major restraint for the market. Nevertheless, with technological advancements on cards and the diverse uses of BIPV modules, the market is expected to witness immense opportunities over the forecast period. 

Global Building Integrated Photovoltaics (BIPV) Market: Market Segmentation 

The global BIPV market can be segmented based on technology, application, procedure, and geography. By technology, the market can be segmented into thin film PV and crystalline silicon PV. The thin film technology segment can be further classified into copper indium dieseline (CIS), amorphous silicon, and cadmium telluride (CDTE). In terms of procedure, roofing, glazing, cladding, glass, shading, facades, and wall integrated markets constitute the key segments. By application, the key segments of the market are commercial buildings, industrial buildings, and residential buildings. Regionally, North America, APAC, Europe, and Rest of the World constitute the key market segments.

By installation, the market is expected to witness lucrative opportunities in Europe. Besides this, it is also expected to have attractive prospects in Asia and North America. Besides this, the Middle East will exhibit immense scope for the market’s growth over the course of the forecast period. Furthermore, the commercial building segment has been exhibiting the maximum installation of building integrated photovoltaics. However, adoption in the industrial sector is expected pace at a higher rate. The proliferation of awareness campaigns showcasing the benefits installing PVs is expected to boost the BIPV installation in the industrial sector. 

Global Building Integrated Photovoltaics (BIPV) Market: Vendor Landscape 

Some of the leading players operating in the global building integrated photovoltaics market are CentroSolar AG., Ascent Solar Technologies Inc., Schott Solar Ag., PowerFilm Inc., DOW Solar, Suntech Power Holdings Co. Ltd., First Solar, Dyesol Ltd., United Solar Ovonic, Kyocera Corp., and Wurth Solar GMBH.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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