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Building-integrated Photovoltaics Market Growth Opportunities, Share Demand and Forecast to 2025

Author : Rahul Sankrityayan | Published Date : 2019-09-11 

Global Market Insights added a report on global Building-integrated Photovoltaics Market that provide in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, five forces analysis, Key leading countries/Region.

Building-integrated Photovoltaics Market size will witness growth owing to surging demand for renewable technologies across commercial establishments along with strict regulation pertaining to GHG emissions. In addition, positive outlook toward research & development activities to enhance solar panel efficiency will complement the industry outlook. For instance, in 2017, United Nations (UN) launched Mission 2020 with a vision to introduce “new urgency” toward “global climate conversation” through reduction in Green House Gas (GHG) emissions by 2020.

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Building-integrated photovoltaics market is set to witness significant growth on the account of increasing adoption of smart grid technologies across developed regions. Low operating costs, higher efficiency, and minimal carbon emissions are some of the indispensable factors positively influencing the product demand. In addition, growing investment toward infrastructure sector along with rapid industrialization will augment the industry landscape.

Crystalline silicon building-integrated photovoltaics market will witness growth on account of rising environmental concerns along with surging clean electricity demand. Ease of installation, flexibility, dark shades customization and anti-reflective coating feasibility are some of the prominent factors influencing product demand. Additionally, surging demand for higher efficiency modules coupled with technological innovations in material technologies will stimulate the business landscape.

Favorable government measures toward renewable technologies, low panel manufacturing cost along with abundant solar energy potential will boost the Asia Pacific building-integrated photovoltaics market growth. Rising investments from institutions including World Bank, International Finance Corporation (IFC) toward electrification programs will significantly enhance the business scenario. According to Ministry of New & Renewable Energy (MNRE), in 2017, India’s annual solar manufacturing capacity reached 3 GW.

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Increasing demand for replacement of conventional technologies along with government inclination toward smart energy transition in residential sector will enhance the Europe building-integrated photovoltaics market size. For instance, in 2018, European Union established new energy strategy to achieve 32% of power generation from renewable technology by 2030 and further aims that by 2020 all new buildings should be Nearly Zero Energy Buildings.

Major industry players operating across the global building-integrated photovoltaics market are Onyx Solar, ISSOL, Ertex Solartechnik, Sphelar Power, BIPVco, ViaSolis, B Navitas Green Solutions, NanoPV Technologies., Ankara Solar AS, Jiaxing Feiya New Energy, Dyesol; Polysolar and Hermans Techniglaz.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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