Building Integrated Photovoltaics (BIPV) Market to Witness Huge Growth by 2030 โ Ertex Solartechnik GmbH, TESLA INC etc.
Building Integrated Photovoltaics (BIPV) Market is Expected to Reach $86.7 Billion by 2030
WILMINGTON, DELAWARE, UNITED STATES, February 21, 2024 /EINPresswire.com/ -- Building-integrated photovoltaics (BIPVs) refer to solar power-generating components that are used in constructing facades, roofs, and skylights in buildings. Generally, these components include the integration of photovoltaic modules, a backup power supply system, a charge controller, a power storage system, and other supporting hardware. BIPV materials offer several benefits over their traditional counterparts as they provide onsite power generation, zero emissions, high energy conservation, superior architectural integration, and optimal shading. In addition, BIPVs also help reduce labor and installation costs by replacing high-end roof membranes, skylight glazing, and faรงade cladding. The global building integrated photovoltaics market was valued at $14.0 billion in 2020 and is projected to reach $86.7 billion by 2030, growing at a CAGR of 20.1% from 2021 to 2030.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐: https://www.alliedmarketresearch.com/request-sample/187
The global demand for building integrated photovoltaics market is primarily driven by an increase in efforts by national governments for the installation of solar energy panels. A rise in awareness regarding green infrastructure, including buildings with energy efficiency, is expected to boost demand for building-integrated photovoltaics (BIPV). BIPV provides a sustainable and effective solution for enhancing the energy efficiency of a structure, retrofitting the exterior of a structure, and providing significant savings in conventional power consumption. In addition, a rise in the implementation of supportive government regulations including financial benefits and incentives to promote green infrastructure, and a rise in investments in the solar industry across the globe is expected to increase solar energy integration in residential and commercial sectors during the forecast period. However, high initial costs of investments are expected to hamper the building integrated photovoltaics market growth during the forecast period. Furthermore, heat generation from BIPV modules is expected to provide growth opportunities for the global market during the forecast period.
By technology, the global building integrated photovoltaics market size is studied across crystalline silicon, thin film, and others. The crystalline silicon segment accounted for the largest market share in 2020, owing to its superior resistance to adverse weather conditions and high strength. The crystalline silicon segment dominated the global building integrated photovoltaics market, with more than two-thirds of the total market share in 2020.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎโ๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/187
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
The Building Integrated Photovoltaics (BIPV) industry's key market players adopt various strategies such as product launch, product development, collaboration, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐ ๐๐ง๐ญ๐๐ ๐ซ๐๐ญ๐๐ ๐๐ก๐จ๐ญ๐จ๐ฏ๐จ๐ฅ๐ญ๐๐ข๐๐ฌ (๐๐๐๐) ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐,
CANADIAN SOLAR INC.
CARMANAH TECHNOLOGIES CORPORATION
HANERGY HOLDING GROUP LIMITED
GREATCELL SOLAR LIMITED
TESLA INC.
SOLARIA CORPORATION
AGC SOLAR
Ertex Solartechnik GmbH
HELIATEK GMBH
BELECTRIC
๐๐ซ๐๐ฌ๐ฌ ๐๐๐ฅ๐๐๐ฌ๐: https://www.alliedmarketresearch.com/press-release/building-integrated-photovoltaic-market.html
By application, the global building integrated photovoltaics market is studied across roofs, walls, glass, faรงade, and others. The roof segment accounted for the largest market share in 2020, owing to the availability of a larger panel installation area for BIPV. The roof segment dominated the global market with one-third of the total market share in 2020.
By end-use, the global building integrated photovoltaics market is studied across residential, commercial, and industrial. The commercial segment emerged as the leader in 2020, owing to the increasing awareness of zero-emission green infrastructure. BIPV installations improve the aesthetic appeal of commercial establishments and provide major savings on electricity consumption, thereby driving product deployment across the commercial segment. The commercial segment dominated the global building integrated photovoltaics market with more than half of the total market share in 2020.
Region-wise, the global building integrated photovoltaics market is studied across North America, Europe, Asia-Pacific, and LAMEA. Europe emerged as the leader in 2020, owing to the European Commission's supportive directives in the form of financial incentives, such as subsidies on photovoltaic integration. Europe accounted for a major building integrated photovoltaics market share in 2020 and dominated the global market with more than one-third of the total market share in 2020.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/187
๐๐๐ฒ ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ฌ๐ญ๐ฎ๐๐ฒ:
- In 2020, Europe dominated the global building integrated photovoltaics market with around 39.8% share, in terms of revenue.
- North America is projected to grow at the highest CAGR of 20.7% in terms of revenue.
- The crystalline silicon segment dominated the global building integrated photovoltaics market with around 70.0% of the share in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 20.4% in terms of revenue.
- The roof segment dominated the global building integrated photovoltaics market with around 38.7% of the share in terms of revenue.
- The glass segment is projected to grow at the highest CAGR of 21.0% in terms of revenue.
- The commercial segment dominated the global building integrated photovoltaics market with around 53.8% of the share in terms of revenue.
- The residential segment is projected to grow at the highest CAGR of 20.7% in terms of revenue.
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐๐ง๐๐ซ๐ ๐ฒ ๐๐ง๐ ๐๐จ๐ฐ๐๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
๐. ๐๐ก๐๐ซ๐ฆ๐จ๐ฉ๐ก๐จ๐ญ๐จ๐ฏ๐จ๐ฅ๐ญ๐๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ - https://www.globenewswire.com/news-release/2023/07/13/2704638/0/en/Thermophotovoltaics-Market-to-Reach-400-2-million-Globally-by-2032-at-12-8-CAGR-Allied-Market-Research.html
๐. ๐ ๐ฅ๐จ๐๐ญ๐ข๐ง๐ ๐๐ก๐จ๐ญ๐จ๐ฏ๐จ๐ฅ๐ญ๐๐ข๐๐ฌ (๐ ๐๐) ๐๐๐ซ๐ค๐๐ญ - https://www.globenewswire.com/news-release/2023/03/30/2637849/0/en/Floating-Photovoltaics-FPV-Market-Is-Expected-to-Reach-106-0-Million-by-2031-Allied-Market-Research.html
๐. ๐๐ ๐ซ๐ข๐ฏ๐จ๐ฅ๐ญ๐๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ - https://www.globenewswire.com/news-release/2023/02/28/2617310/0/en/Agrivoltaics-Market-Is-Expected-to-Generate-9-3-Billion-by-2031-Allied-Market-Research.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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