Latest TMR Report Explores Impact of COVID-19 Outbreak on Photovoltaic Noise Barrier Market

Photovoltaic Noise Barrier Market: Introduction

Photovoltaic noise barriers is a combination of a photovoltaic system and a noise barrier system. Noise barriers are physical obstructions designed to lower noise levels in noise sources and sensitive areas such as hospitals, schools, and residential areas.
Photovoltaic systems use solar cells to convert light energy directly into electricity. Photovoltaic noise barriers were first installed in Switzerland in 1989.
Noise pollution caused by cars, bikes, trucks, and railways is increasing significantly in urban areas, which is anticipated to boost the demand for photovoltaic noise barriers during the forecast period
Photovoltaic noise barriers lower the noise level and help in improving the air quality, as they generate electricity with the help of solar energy. Thus, noise barriers are environmentally, socially, and finically beneficial.
Photovoltaic noise barriers help expand the installed base of renewable energy sources and generate clean energy, which helps reduce the level of greenhouse gases emitted during electricity generation.

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Key Drivers of Global Photovoltaic Noise Barrier Market

Photovoltaic noise barriers have high potential, especially in crowded and industrialized areas, where the demand for electricity is high. The land used for installation of these barriers is utilized for two functions simultaneously i.e. for noise protection and for placement of photovoltaic modules to produce electricity. The produced energy can be used for applications such as lightening of roads/highways, or it can be transmitted to grid lines. Thus, increasing noise pollution and rising demand for electricity are expected to fuel the global photovoltaic noise barrier market during the forecast period.

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Europe to Hold a Major Share of Global Photovoltaic Noise Barrier Market

Based on region, the global photovoltaic noise barrier market can be segmented into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Europe is anticipated to dominate the global photovoltaic noise barrier market from 2019 to 2027, owing to high generation of energy via solar panels. This would help the region achieve its renewable energy target for 2020. Also, use of photovoltaic noise barriers would improve the air quality and reduce the level of greenhouse gases produced during electricity generation.
North America is anticipated to account for a considerable share of the global photovoltaic noise barrier market during the forecast period. The photovoltaic systems industry in the region is mature and hence, installation of photovoltaic noise barriers in the region is increasing.
The photovoltaic noise barrier market in Asia Pacific is estimated to expand at a significant pace during the forecast period. Increasing population and rising demand for electricity are anticipated to propel the market in the region in the next few years.
The market in Middle East & Africa and Latin America is likely to be expand at a sluggish pace during the forecast period
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Key Players Operating in Global Market:

NuWatt Energy
Ko-Solar
Tecnoacustica s.r.l.
GRAHAM Group
Solar Innova Renewable Energy

Global Photovoltaic Noise Barrier Market, by Application

Motorways
Roadways

Global Photovoltaic Noise Barrier Market, by Installation

Cassettes
Shingles
Zig-zag

Global Photovoltaic Noise Barrier Market, by PV Module

Conventional
Bifacial

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