Industry Background:
Photovoltaic cells (PV) convert solar energy into electrical energy without maintenance, pollution or depletion of materials. Building Integrated Photovoltaic (BIPV) is a system of integrating photovoltaics into the building envelope, such as the roof or facade. Substituting PV for standard materials during the initial construction allows builders to eliminate costs and design issues for separate mounting systems. “Green Building” - that consume 40% to 60% lesser electricity when compared to conventional buildings – is increasing the adoption of BIPV.This growth is primarily driven by The idea of “Green Building” design is the key driver and Reduced Cost of Building Materials When Integrated With the Facade.
Globally, a noticeable market trend is evident Adoption of Cost-Minimizing Sources of Energy in Corporates. Major Manufacturers, such as BIPVco Ltd. (United Kingdom), Wind & Sun Ltd. (United Kingdom), Ablytek Co., Ltd (Taiwan), PREFA Aluminiumprodukte GmbH (Austria), BP p.l.c (United Kingdom), FAR Systems (Italy), Renewables Academy AG (RENAC) (Germany), SwissInso (Switzerland), DMsolar, LLC (United States) and Grammer Solar (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- The idea of “Green Building” design is the key driver
- Reduced Cost of Building Materials When Integrated With the Facade
Market Trend
- Adoption of Cost-Minimizing Sources of Energy in Corporates
Restraints
- Countries Located At a Large Distance from the Equator May Not Incorporate This Technology Since the Output of BIPV Highly Depends On Solar Radiation
- Higher Costs Than Conventional PV Systems
Opportunities
BIPV-Specific Incentives in Selected International Markets and Government Initiative and Awareness Programs for Renewable Energy Deployment
Challenges
Fewer Trained Installers
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Building Integrated Photovoltaic Study Sheds Light on
The Building Integrated Photovoltaic Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Building Integrated Photovoltaic industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Building Integrated Photovoltaic industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.