Photovoltaic Noise Barrier Market: Introduction
- Photovoltaic noise barriers is a combination of a photovoltaic system and a noise barrier system. Noise barriers are physical obstructions designed to lower noise levels in noise sources and sensitive areas such as hospitals, schools, and residential areas.
- Photovoltaic systems use solar cells to convert light energy directly into electricity. Photovoltaic noise barriers were first installed in Switzerland in 1989.
- Noise pollution caused by cars, bikes, trucks, and railways is increasing significantly in urban areas, which is anticipated to boost the demand for photovoltaic noise barriers during the forecast period
- Photovoltaic noise barriers lower the noise level and help in improving the air quality, as they generate electricity with the help of solar energy. Thus, noise barriers are environmentally, socially, and finically beneficial.
- Photovoltaic noise barriers help expand the installed base of renewable energy sources and generate clean energy, which helps reduce the level of greenhouse gases emitted during electricity generation.
Key Drivers of Global Photovoltaic Noise Barrier Market
- Photovoltaic noise barriers have high potential, especially in crowded and industrialized areas, where the demand for electricity is high. The land used for installation of these barriers is utilized for two functions simultaneously i.e. for noise protection and for placement of photovoltaic modules to produce electricity. The produced energy can be used for applications such as lightening of roads/highways, or it can be transmitted to grid lines. Thus, increasing noise pollution and rising demand for electricity are expected to fuel the global photovoltaic noise barrier market during the forecast period.
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- On February 2, 2018, GRAHAM was appointed to install the conventional noise barriers with PV panels on the M40 motorway. These barriers would be installed between the Junction 3 and Junction 8 of the motorway, which connects London with Birmingham, with the objective to reduce noise pollution along this busy route.
Europe to Hold a Major Share of Global Photovoltaic Noise Barrier Market
- Based on region, the global photovoltaic noise barrier market can be segmented into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Europe is anticipated to dominate the global photovoltaic noise barrier market from 2019 to 2027, owing to high generation of energy via solar panels. This would help the region achieve its renewable energy target for 2020. Also, use of photovoltaic noise barriers would improve the air quality and reduce the level of greenhouse gases produced during electricity generation.
- North America is anticipated to account for a considerable share of the global photovoltaic noise barrier market during the forecast period. The photovoltaic systems industry in the region is mature and hence, installation of photovoltaic noise barriers in the region is increasing.
- The photovoltaic noise barrier market in Asia Pacific is estimated to expand at a significant pace during the forecast period. Increasing population and rising demand for electricity are anticipated to propel the market in the region in the next few years.
- The market in Middle East & Africa and Latin America is likely to be expand at a sluggish pace during the forecast period
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Key Players Operating in Global Market:
- NuWatt Energy
- Tecnoacustica s.r.l.
- GRAHAM Group
- Solar Innova Renewable Energy
Global Photovoltaic Noise Barrier Market: Research Scope
Global Photovoltaic Noise Barrier Market, by Application
Global Photovoltaic Noise Barrier Market, by Installation
Global Photovoltaic Noise Barrier Market, by PV Module
Global Photovoltaic Noise Barrier Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
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.
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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?
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