BANGALORE, India, Sept. 2, 2021 /PRNewswire/ — The building-integrated photovoltaic (BIPV) market is segmented by (monocrystalline silicon, polycrystalline silicon, thin film), by application (residential, commercial, others). Global opportunity research and industry forecast from 2021 to 2027. Se published in the evaluation reports in the renewables and choice category.
In 2020, the global building-integrated PV market amounts to $7665 million and is expected to reach $10030 million by the end of 2027, with a COMPOUND annual rate of 3. 8% in 2021-2027.
The world’s leading players in building-integrated photovoltaics (BIPV) come with Canadian Solar, SunPower, Hanwha Solar, Jinko Solar, Solar Frontier, etc. The five most sensitive brands in the world have a percentage of around 25%.
Key Factors Behind the Growth of the Building Integrated Photovoltaic Power market:
The development of awareness of green infrastructure, such as energy-efficient buildings, as well as efforts by national governments to install solar panels, are likely due to the construction of demand for building-integrated photovoltaic panels (BIPV).
Although the initial load of BIPV is higher, it is still a more effective load, as it saves cash on the use of electrical energy during an era of time.
The recent trend towards the structure of highly glazed multi-storey buildings, especially in emerging countries, is expected to drive the expansion of the built-in photovoltaic market in buildings. As a result, the size, color, and BIPV modules can be changed. , can be fully incorporated into the aesthetic design of the project.
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TRENDS INFLUENCING THE GROWTH OF THE BIPV MARKET:
Increasing environmental considerations related to the depletion of non-renewable energy resources and the expansion of green infrastructure projects are expected to drive the expansion of the BIPV market. As a result, BIPV can assist in the progression of net-zero energy structures.
BIPV modules blend in with the environment and adapt to a variety of building types and programs and can be incorporated into a multitude of cutting-edge tactics that overcome the physical limitations of classic PV modules. This allows bipv to be incorporated into the construction without affecting the architectural aesthetics. , thus driving the expansion of its market.
Increased efforts across various governments to publicize the use of renewable energy resources are expected to drive the building-integrated PV market during the forecast period.
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CONSTRUCTION ANALYSIS OF INTEGRATED PHOTOVOLTAIC MARKET SHARES
Asia-Pacific is the largest market, with a percentage around 50%, followed by Europe, with a percentage around 30%.
In terms of products, polycrystalline silicon is the maximum segment, with a percentage close to 60%, and in terms of application, the largest application is Commercial, followed by Residential, etc.
The advertising segment is expected to delight in abundant expansion during the forecast era due to the development of awareness of zero-emission green infrastructure. advertising segment.
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Key Players in the Integrated Photovoltaic Construction market
First plot
Sharpened
Solar Yingli
Solar frontier
Power of the Sun
solar century
Hanwha Solar
REC Group
Panasonic
Kyocera
Canadian Solar
Suntech
Trina Solar
Meyer Burger
AGC Solar
Harsha Abakus Solar
Sapa Group
ISSOL
SolarWorld AG
Solar Jinko
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SIMILAR REPORTS
In 2020, the global construction-applied photovoltaic (BAPV) market has a length of $518. 9 million and is expected to succeed at $544. 9 million through the end of 2027, with a COMPOUND annual rate of 0. 7% in 2021-2027.
In 2020, the global photovoltaic (photovoltaic) market amounts to $61170 million and is expected to succeed at $108710 million through the end of 2027, with a COMPOUND annual rate of 8. 0% in 2021-2027.
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In 2020, the global underlying roofing fabric market has a length of $15. 3 billion and is expected to succeed at $20. 53 billion through the end of 2027, with a COMPOUND annual rate of 4. 1% in 2021-2027.
In 2020, the length of the global market for high-performance insulating fabrics is $6837 million and is expected to succeed at $9612. 5 million through the end of 2027, with a COMPOUND annual rate of 5. 0% in 2021-2027.
In 2020, the global metal shingles market has a length of $602 million and is expected to succeed at $1135. 9 million through the end of 2027, with a COMPOUND annual rate of 9. 4% in 2021-2027.
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