Press release
Building-integrated Photovoltaics Market to hit USD 65.12 Bn by 2029, Regional Insights and Growth Opportunities
Pune 04, May 2023: The global Building-Integrated Photovoltaics (BIPV) Market size was valued at USD 12.23 Bn in 2021 and is expected to grow at a CAGR of 23.25 percent from 2022 to 2029, reaching nearly USD 65.12 Bn, according to the latest report by MMR.Building-integrated Photovoltaics Market Report Scope and Research Methodology
The MMR research methodology began by gathering information on key vendors' revenue through secondary and primary research to estimate and forecast the market for Building-integrated Photovoltaics. The study of various industry-affecting factors such as government policies, the market environment, the competitive landscape, historical data, current market trends, technological development, upcoming technologies, and the rapid progress in related industries, as well as market risks, opportunities, barriers, and challenges, was a part of the research process. To divide the market into segments, by Technology (Crystalline silicon, thin film, Others), End Users (Residential, Commercial, Industrial), Application (Roofs, Walls, Glass, Façade, Others) vendors' offerings were taken into account. These segments were then confirmed through primary research by conducting in-depth interviews with important figures, including chief executive officers (CEOs), vice presidents (VPs), directors, and executives.
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Building-integrated Photovoltaics Market Dynamics
The MMR report contains a detailed study of factors that will drive and restrain the growth of the building-integrated photovoltaics market. The report highlights that BIPV technologies offer more capabilities to buildings than conventional building materials. Building-integrated photovoltaic (BIPV) technologies allow buildings to become energy producers. Governments around the world are implementing legislation to transition to ultra-low energy buildings, which will drive the BIPV market. However, the lack of homogeneity in photovoltaic tiles is hampering the rapid increase in demand for BIPV roof solutions.
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Building-integrated Photovoltaics Market Regional Insights
The report also provides regional insights on the Building-Integrated Photovoltaics market. The United States, Japan, and Korea have adopted Zero Energy Building (ZEB) policies and goals, and the States of California and Massachusetts in the US have created ambitious ZEB aims. In 2020, all new structures must be nearly zero-energy buildings (nZEBs) in all EU member states, according to the European Union's (EU) Energy Performance of Buildings Directive (EPBD). The Asia Pacific (APAC) and Middle East and Africa (MEA) regions are more focused on thin-film BIPV and facade applications, where the roof shape is often flat.
Building-integrated Photovoltaics Market Segmentation
By Technology:
• Crystalline silicon
• Thin film
• Others
By Application:
• Roofs
• Walls
• Glass
• Façade
• Others
By End Users:
• Residential
• Commercial
• Industrial
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Building-integrated Photovoltaics Market Key Competitors include:
• Ascent Solar Technologies, Inc.
• Canadian Solar, Inc.
• Greatcell Energy Limited
• First Solar, Inc.
• Hanergy Holding Group Ltd.
• Global Solar Energy, Inc.
• Hanwha Q CELLS Co., Ltd.
• Heliatek GmbH
• Sharp Corporation
• Trina Solar
• Wuxi Suntech Power Co., Ltd.
• Yingli Green Energy Holding
• AGC Inc.
• BELECTRIC GmbH
• CertainTeed Corporation
• Ertex solartechnik GmbH
• Onyx Solar Energy S.L.
• Romag
• Scheuten Glas Nederland B.V.
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Table of Content for Building-integrated Photovoltaics Market
Global Building-integrated Photovoltaics Market: Research Methodology
Global Building-integrated Photovoltaics Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Building-integrated Photovoltaics Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Building-integrated Photovoltaics Market Segmentation
Global Market, by Technology (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by End Users (2021-2029)
Regional Building-integrated Photovoltaics Market (2021-2029)
Regional Market, by Technology (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by End Users (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Technology, Application and End Users
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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