According to the latest report by IMARC Group titled, “Building Integrated Photovoltaics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global building integrated photovoltaics market exhibited strong growth during 2015-2020. Looking forward, the market expects to grow at a CAGR of around 18% during 2021-2026.
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.
Request to get the sample report: https://www.imarcgroup.com/building-integrated-photovoltaics-market/requestsample
Insights on Market Segmentation:
Market Breakup by Product Type
Market Breakup by Application
Market Breakup by End-Use
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/building-integrated-photovoltaics-market
Market Breakup by Region:
Middle East and Africa
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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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.