The need for integrated photovoltaic (PV) materials has paved way for the evolution of building-integrated photovoltaic (BIPV) materials in the chemical and materials industry. BIPV roofing materials are made up of monolithically integrated photovoltaic materials through which the roofing and energy subsystems cannot be distinguished clearly. Building integrated photovoltaic materials are used in place of conventional materials in the construction of facades, skylights, and roofs.
The mounting electricity requirements of people across the world have impelled various industries to look for alternative sources of energy to fulfill their power needs. As a result, advanced building integrated photovoltaic roofing materials were developed by manufacturers of building materials to meet the energy requirement and aesthetic expectations of high-end structures and buildings.
The report presents a detailed overview of the different applications of building integrated photovoltaic materials such as commercial buildings, residential buildings, and industrial buildings. This study also presents an insight into the various products in which building integrated photovoltaic materials are used such as windows, facades, glass, wall integrated solution, cladding, shading, glazing, and roofing. The BIPV roofing material segment dominated the global BIPV roofing market in 2015 is expected to exhibit a strong CAGR of 51% from 2016 to 2024.
The report analyzes all the key elements at play in the building integrated photovoltaic roofing market at the global as well as the regional level. The report projects the market figures and also presents an analysis of the current market situation, historical growth trajectory, and future development prospects. The study answers questions relating to the prevailing trends, key market players, strength, weakness, opportunity, and threats of the market along with the competitive landscape of the global building integrated photovoltaic roofing market.
Global BIPV Roofing Market Overview
Owing to the burgeoning demand for alternative sources of energy to power newly constructed structures and buildings, the deployment of building integrated photovoltaic roofing materials has significantly increased to construct roofs, skylines, and facades of buildings. Building integrated photovoltaic roofing materials offer advantages such as compensating the initial cost of construction through reduction of the amount being spent on construction materials.
BIPV roofing also reduces the cost incurred on labor required for construction purposes. The global building integrated photovoltaic roofing market stood at a capacity of 1,392 megawatts in 2015.
The report offers an outline on the geographical segments such as Europe, Asia Pacific, North America, and Rest of World. The deployment of building integrated roofing is anticipated to rise in these regions owing to the rise in the construction activities and the rise in solar energy consumption across various sectors. The increasing awareness regarding the benefits of BIPV roofing is further expected to attract more consumers.
However, seasonal availability of solar energy is likely to impede the growth of the global building integrated roofing market over the next couple of years. As a result of this, owners of buildings in which BIPV technology is deployed are compelled to search for potential substitutes. Nevertheless, manufacturers of BIPV roofing materials can expect to gain lucrative opportunities from the development of advanced BIPV roofing materials.
Companies Mentioned in the Report
The report also discusses the approaches, recent developments and economic status of the key market players operating in the global BIPV roofing market. The leading players in the global BIPV roofing market are Suntech Power Holdings Co. Ltd., Sharp Corporation, Schott Solar Ag, Scheuten Solar, Dow Solar, Centrosolar Ag, and Ascent Solar Technologies, among others.
Based on Application
- Industrial Buildings
- Residential Buildings
- Commercial Buildings
Based on Product
- Wall Integrated Solution
Based on Technology
- Monocrystalline Silicon
- Multicrystalline Silicon
Thin Film Technology
- Amorphous Silicon
- Copper Indium Gallium Selenide (CIGS)
- Cadmium Telluride (CdTe)
- Dye Sensitized Solar Cells (DSSCs)
- Organic Photovoltaic (OPV)
This research report analyzes this market depending on its market segments and major geographies. Major geographies analyzed under this research report are
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.