Persistence Market Research
Building Integrated PV Solar Market: Overview
Building Integrated PV Solar is the process of embedding solar photovoltaic modules into building structures as its outer layer. Thus in building integrated PV solar the photovoltaic modules perform multiple functions of generating renewable energy, replacing the traditional construction materials and reducing electricity cost. The other advantages of building integrated PV solar concept is that it makes the building sound proof, does not block the entry of natural light and blocks the entry of harmful radiations. The energy generated by the integrated photovoltaic module are used within the building or is transferred to the grid. Building integrated PV solar is implemented in many parts of the building like windows, covered walkways, facades, skylights, parking canopies etc., but mostly on roof and facade surfaces are preferred as they are more exposed to solar light. The concept of building integrated PV solar is planned during the initial design and architectural planning stage, and is implemented in the initial construction of the infrastructure.
Building Integrated PV Solar Market: Drivers and Restraints
The increasing use of renewable resources is beneficial for the health and the environment as compared to the use of non-renewable energy resources. These factors drive the growth of global building integrated PV solar market. The PV modules can be installed after the construction of the building (which is called Building Added PV Solar), but it leads to increased construction cost and design issues for mounting separate PV modules on a constructed building, which can bolster the growth of global building integrated PV solar market. The building integrated PV solar embedded constructions are more pleasing aesthetically, which attracts the builders and architects and will lead to significant growth of global building integrated PV solar market.
The codes and regulations of building integrated PV solar systems are not properly defined as it is the amalgamation of two separate industries i.e. solar electric power generation and construction, which could hamper the growth of global building integrated PV solar market. The PV modules generate less electricity as compared to the conventional PV module due to its internal composition, however with advanced technology, this challenge will be overcomed during the forecast period.
Building Integrated PV Solar Market: Segmentation
On the basis of installation type, the global building integrated PV solar market can be segmented as follows:-
On the basis of components, the global building integrated PV solar market can be segmented as follows:-
On the basis of PV module type, the global building integrated PV solar market can be segmented as follows:-
Building Integrated PV Solar Market: Region Wise Outlook
The global building integrated PV solar market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East & Africa (MEA). Western Europe holds major share in global building integrated PV solar market because of the increasing government grants and investments in the region. The high feed-in tariff in France, Switzerland and Austria has promoted the implementation of BIPV systems. Eastern Europe and Asia Pacific Excluding Japan (APEJ) are also expected to account for a significant share in the global building integrated PV solar market. The countries located near equatorial belt such as Malaysia and Singapore are expected to register a remarkable growth rate in the global building integrated PV solar market due to the largest solar yield in this region. The growth of building integrated PV solar market in Japan has expanded due to increased commercialization of BPIV systems.
Building Integrated PV Solar Market Players
Some of the players in the global Building Integrated PV Solar market are as follows:
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.