Photovoltaic Noise Barrier Market

Photovoltaic Noise Barrier: Introduction

• Photovoltaic noise barrier 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. This is anticipated to boost the demand for photovoltaic noise barriers during the forecast period.
• Photovoltaic noise barriers lower the noise level and help improve 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. This 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: noise protection and placement of photovoltaic modules to produce electricity. The produced energy can be used for applications such as lighting of roads/highways, or it can be transmitted to grid lines. Thus, increase in noise pollution and rise in demand for electricity are expected to fuel the global photovoltaic noise barrier market during the forecast period.

Global Photovoltaic Noise Barrier Market: Segmentation

• The global photovoltaic noise barrier market can be segmented in terms of application, installation, and PV module
• Based on application, the global photovoltaic noise barrier market can be bifurcated into motorways and roadways. In terms of demand, the motorways segment is expected to be highly lucrative during the forecast period.
• Based on installation, the global market can be divided into cassettes, shingles, and zigzag
• In terms of PV module, the global photovoltaic noise barrier market can be classified into conventional and bifacial

Global Photovoltaic Noise Barrier Market: Regional Segmentation

• Geographically, the global photovoltaic noise barrier market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Europe is anticipated to dominate the global photovoltaic noise barrier market from 2021 to 2031, owing to high generation of energy via solar panels in the region
• North America is anticipated to account for considerable share of the global photovoltaic noise barrier market during the forecast period. The photovoltaic systems industry in the region is mature; 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. Increase in population and rise in 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

COVID Impact on the Global Photovoltaic Noise Barrier Market

• The COVID-19 pandemic has disrupted the supply chain as well as availability of manpower due to the lockdown in various countries. This has led to reduction in production of photovoltaic noise barriers and low demand among end-users. In turn, this has adversely affected the global photovoltaic noise barrier market. However, governments of certain countries have lifted restrictions of lockdown. Thus, production of photovoltaic noise barriers has started. The market is expected to recover in the near future, led by governmental support and steady rise in demand.

Key Players Operating in Global Market

• NuWatt Energy
• Ko-Solar
• Tecnoacustica s.r.l.
• GRAHAM Group
• Solar Innova Renewable Energy
• ETWAY SRL
• Solar Impulse Foundation

Global Photovoltaic Noise Barrier Market: Research Scope

Global Photovoltaic Noise Barrier Market, by Application

• Motorways
• Roadways

Global Photovoltaic Noise Barrier Market, by Installation

• Cassettes
• Shingles
• Zigzag

Global Photovoltaic Noise Barrier Market, by PV Module

• Conventional
• Bifacial

Global Photovoltaic Noise Barrier Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • South Korea
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa