Global Building Integrated Photovoltaic (BIPV) Market 2015-2019
BIPV are PV materials that are used in place of conventional building materials as an auxiliary source for power. BIPV integrates solar energy with that of building design. They are used in various parts of building envelops such as roofs, facades, and skylights. BIPV technology can be incorporated either during the construction of a new building or it can be retrofitted to an old building.
TechNavio's analysts forecast the Global BIPV market to grow at a CAGR of 15.4 percent over the period 2014-2019.
Covered in this Report
The Global BIPV market has been segmented based on: Panel types, End-user, and Geography.
TechNavio's report, the Global BIPV Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the APAC region and the EMEA region; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key Regions
TechNavio Announces the Publication of its Research Report – Global BIPV Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global BIPV Market: First Solar Inc., Sharp Corp., Suntech Power Holdings Co., Trina Solar Ltd. and Yingli Green Energy Holding Co. Ltd.
Other Prominent Vendors in the market are: Ascent Solar Technology, Centrosolar, Dyesol, Ertex Solar, Heliatek and Scheuten Solar Holding.
Commenting on the report, an analyst from TechNavio’s team said: “One key trend upcoming in this market is increased focus on energy efficiency in buildings. BIPV installation enables considerable energy conservation, which will generate more revenue for the market. Moreover, installation of BIPV systems can also help in attracting incentives from governments to encourage use of alternative sources of energy.”
According to the report, solar energy consumption worldwide has increased and thus has led to a corresponding increase in BIPV installations, which is expected to continue during the forecast period. Increased awareness about BIPV capabilities and use of solar energy has increased the demand for BIPV installations worldwide.
Further, the report states that seasonal fluctuations in availability of solar power are hindering market growth. Solar power generation depends heavily on energy derived from the sun during off-seasonal periods. Consequently, buildings using BIPV technology are compelled to find an alternative source for power generation. This will be an additional expenditure for consumers.
First Solar , Sharp , Suntech Power Holdings , Trina Solar, Yingli Green Energy Holding , Ascent Solar Technology, Centrosolar, Dyeso, Ertex Solar, Heliatek, Scheuten Solar Holding