Building Integrated Photovoltaic Market Forecast and CAGR

According to latest research by Fact.MR, building integrated photovoltaic market is set to witness steady growth during 2021-2031. Business is mainly driven by North America accounting for more than 25.4% value share by 2031. Substantial shift towards sustainable sources of energy such as solar power and the rising demand from the construction and electronics industries will aid the photovoltaic demand soar during the forecast period.

What is Driving Demand for Building Integrated Photovoltaic?

Photovoltaic systems being utilized during the construction of a building instead of conventional building material has sped up the development of the photovoltaic sales, owing to their expenditure reduction capabilities in construction.

Also, properties of solar-powered photovoltaics with respect to nonstop availability of power supply and one time investment has assisted the sales for building assimilated photovoltaic at global level.

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Key Segments

By Technology

• Crystalline Silicon
  • Multicrytalline silicon
  • Monocrystalline silicon
• Thin Film
  • Dye sensitized solar cells
  • Copper indium gallium selenide
  • Organic photovoltaic
  • Amorphous silicon
  • Cadmium telluride
• Others

By Application

• Roofs
• Walls
• Glass
• Facade
• Others

By End Use

• Residential
• Commercial
• Industrial

By Region

• North America
  • US & Canada
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • U.K.
  • Benelux
  • Russia
  • Rest of Europe
• East Asia
  • China
  • Japan
  • South Korea
• South Asia
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Rest of South Asia
• Oceania
  • Australia
  • New Zealand
• Middle East and Africa
  • GCC Countries
  • Turkey
  • South Africa
  • Rest of Middle East & Africa

Who are the Key Manufacturers and Suppliers of Building Integrated Photovoltaic?

Some of the leading manufacturers and suppliers of building integrated photovoltaic include

• Scheuten Solar Holding
• First Solar
• Heliatek
• Sharp
• Ertex Solar
• Suntech Power Holdings
• Ascent Solar Technology
• Dyesol
• Trina Solar
• Centrosolar
• Yingli Green Energy Holding
• Others

Every building integrated photovoltaic manufacturer has its own network for sales. Key players in this business follow organic growth strategy for enhancing their sales through retail stores, distributors or partners. Photovoltaics for building application manufacturers often invest on their marketing channel infrastructure every year to ensure better sales revenue generation.

Recently, the partnership between Asahi Glass and Ubiquitous Energy will propel the growth of the photovoltaic systems for building shipment. This will lead to the development of innovative solutions in the competitive landscape using state of the art technologies owing to the omnipresence of solar power.

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