Factors like demand for electricity, energy efficient constructions, smart wire connection technology and solar ready roofs for commercial & residential buildings will drive the market.
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Global Building-Integrated Photovoltaics market is accounted for $6.94 billion in 2015 and is expected to reach $28.6 billion by 2022 growing at a CAGR of 22.4% from 2015 to 2022.
However, high cost of installation and storage, absence of specific standards and codes and variations in measurement units are the major factors restraining the market growth. Resilient growth in solar PV industry will offer opportunities for the Building-Integrated Photovoltaics market.
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The demand for facades is expected to grow, majorly driven by the increasing demand for integrated facades. Curtain wall is expected to grow with a considerable market share for its low maintenance cost and properties.
The technology segment is commanded by Crystalline Silicon building integrated photovoltaics. The industrial segment accounted for the highest revenue share due to higher endorsement of the silicon for industrial applications.
Europe is the largest market revenue generator mainly attributed to the increased investments in several countries, especially Germany, Belgium, Denmark, Greece, and the UK and also demanding legislation related to energy performance in buildings.
Some of the key players in global Building-Integrated Photovoltaics market are Ascent Solar Technologies Inc, Amari Austria GMBH, Belectric Holding GmbH, Dyesol Ltd, Cadcamation KMR SA, Fraunhofer ISE, First Solar, Film Optics Ltd, ertex solartechnik GmbH, Power Film Inc, Hanergy Holding Group Limited, Beijing Ja Solar PV Technology Co. Ltd., BGT Bischoff Glastechnik AG, Sharp Solar, Suntech Power, Onyx Solar Energy S.L, Sanyo, Pythagoras Solar, Trina Solar, Yingli Solar, Advanced Solar Power (Hangzhou) Co.
Ltd., Konarka Technologies Inc, Wirtschaft Und Infrastruktur Gmbh & Co Planungs Kg, Wurth Solar GMBH & CO. KG and Kyocera Corporation.
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Thin Film PV
Cadmium Telluride (CDTE)
Copper Indium Diselenide (CIS)/Copper Indium Gallium Selenide (CIGS)
Other Thin Film Technologies
Dye Sensitized Solar cells (DSSC)
Solid State Dye Solar Cells (ssDSC)
End Users Covered:
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Rest of Europe
Rest of Asia Pacific
Rest of the World
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