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 study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.