Building Integrated Photovoltaics Market Identifies the Key Drivers of Growth, Demand and Challenges of the Key Industry Players

Posted May 22, 2020 by imarcgroup

According to the latest report by IMARC Group, the global building integrated photovoltaics market grew at a CAGR of around 20% during 2014-2019.
Building integrated photovoltaic (BIPV) is a solar power generating component that is used in the construction of roofs, skylights and facades in a building. It acts as the outer layer of the structure, which produces electricity for on-site use and exports it to the grid. It aids in reducing material and electricity costs and minimizing the utilization of fossil fuel and the emission of ozone-depleting gases.

The escalating demand for integrated solar energy solutions in commercial installations, owing to the growing awareness about green and zero-emission buildings, represents one of the key factors driving the global BIPV market growth. Furthermore, governments of various countries are implementing favorable policies to promote the utilization of renewable energy, which, in turn, is propelling the market growth. They are also supporting infrastructural developments in the form of optimum grid-parity of photovoltaic (PV) systems, which is expected to create a positive outlook for the market in the coming years.

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Insights on Market Segmentation:

Market Breakup by Product Type

Thin Film

Market Breakup by Application


Market Breakup by End-Use


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Market Breakup by Region:

North America
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Ankara Solar AS, Ertex Solartechnik GmbH, Hanergy Holding Group Ltd, Hermans Techniglaz, ISSOL sa, Navitas Green Solutions Pvt. Ltd, NanoPV Solar Inc., Polysolar, Sphelar Power Corporation, VIASOLIS,etc.

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Contact Email [email protected]
Issued By Kanika Sharma
Business Address 30 N Gould St Ste R Sheridan, WY 82801 USA
Country United States
Categories Construction , Reports , Research
Last Updated May 22, 2020