Building Integrated Photovoltaics Market Trends, Challenges, and Growth Drivers Analysis Premium Insight Market 2023

Building integrated photovoltaic systems uses solar panels which are incorporated into buildings for electricity generation by transforming solar energy into electrical energy. In addition, BIPV products are capable of providing natural lighting, thermal insulation, structural stability and protection from water and external elements among others Government growing support in the form of regulations and incentives is aiding the growth of BIPV market. Furthermore, the developments of aesthetic factors are fueling the growth of the market.Major factor that is hindering the growth of this market is the high initial investment cost for consumers. Consumers are required to invest huge sum in infrastructure during initial setup of the building integrated photovoltaics restraining the growth of this market.

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Furthermore, lack of expertise in designing and installing building integrated photovoltaics is also a major drawback for the growth of this industry. In addition, no standard units available for measurement of units of energy for phtovoltaics are restraining the growth of the market. Growing trends of building integrated photovoltaics manufacturers collaborating with construction companies are creating new opportunities for the market. In addition, advancement in the field of photvoltaics cells with new cell generation technologies are further creating new opportunities for existing and new players in this market.

Building integrated photovoltaic market is segmented on the basis of products which primarily includes: roofing, BIPV cladding, BIPV glazing, BIPV shading, BIPV glass, wall integrated and Windows among others. BIPV roofing is further segmented into Tiles, laminates, metal seam and shingles. Further BIPV market is segmented based on technology which includes thin film PV and crystalline silicon. Thin film PV is further segmented into copper indium gallium selendie (CIGS)/copper indium diselenide (CIS), amorphous silicon and cadmium telluride among others. BIPV market segmented based on application includes commercial buildings, residential buildings and industrial buildings among others.

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The market is segmented on basis of geographic regions into 4 segments including North America, Europe, Asia Pacific and Rest of the world (RoW). Europe is among the largest market share for BIPV mainly accelerated by demands from Germany, France, Spain and Italy. Furthermore, new entrants and financial incentives provided by the government are aiding the growth of BIPV in European market. North America followed Asia Pacific due to growing demand for BIPV modules and implementation of zero emission building policies in U.S driving the growth of the North American market.

Key players in the BIPV market include, First Solar, First Solar Inc., Onyx Solar Group LLC., Sharp Solar, Sapa Soar, Ascent Solar Technologies Inc, Centrosolar Group AG, Ertex-solartechnik Gmbh, Ecotemis, Heliatek Gmbh, Power Film Inc  others.

Reasons to buy this report

1) Comprehensive analysis of global as well as regional markets of integrated photovoltaic (BIPV)

2) Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2021.

3) Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.

4) Infinium Global Research- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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