Building Integrated Photovoltaic (PV) Solar Market : Latest Trends and Future Outlook by 2025

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.   

Request Sample Copy of the Report @ https://www.persistencemarketresearch.com/samples/15367
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:-

Utility Grid Interactive BIPV Systems
Stand Alone BIPV Systems
On the basis of components, the global building integrated PV solar market can be segmented as follows:-

Photovoltaic (PV) modules
Charge Regulator
Power Storage Module
Grid (in utility grid interactive systems)
Batteries (in stand-alone systems)
Power Converters
Hardware Mounting System
Support System (safety and wiring disconnects)
On the basis of PV module type, the global building integrated PV solar market can be segmented as follows:-

Crystalline Silicon
Thin Semiconductor Film Module
Amorphous Silicon
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.

Request for Report Methodology: https://www.persistencemarketresearch.com/methodology/15367
Building Integrated PV Solar Market Players

Some of the players in the global Building Integrated PV Solar market are as follows:

Polysolar, BIPV Specialists
ROMAG
Onyx Solar Energy S.L.
SolarGy Pte Ltd
AGC Solar
SOLARNOVA DEUTSCHLAND GMBH
Philadelphia Solar
Atlantis Energy Systems
ertex solartechnik GmbH

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: www.persistencemarketresearch.com

This release was published on openPR.