“For large-scale deployment in the building industry, BIPV must attain cost competitiveness”, says Visiongain report
05 September 2019
Visiongain’s new report the Building Integrated Photovoltaic Solar Power Market: Forecasts By Technology (C-Si, Thin Film), Application (Roofs, Walls, Glass, Façade), End Use (Residential, Commercial, Industrial), by Components (Standard Glass Module BIPV, Customized Glass BIPV, Mounting Structure, Traditional Roofing) Plus Leading Company Analysis and Regional and Leading National Market Analysis.
Challenges for Building-integrated Photovoltaics Manufacturers to overcome
For large-scale deployment in the building industry, BIPV must attain cost competitiveness. BIPV products will be cheaper and priced at the same price as standard construction products thanks to standardization. There is a steady need to increase the effectiveness and lifetime of BIPV products in order to decrease the RoI and produce greater profits throughout the goods lifetime.
The translation of BIPV value into a message that resonates with customers will depend more strongly on its distinctive esthetics and design factors: colour, transparency, flexibility, various shape factors and even indistinguishable from standard building products such as architectural glass. Regulations and better incentives are needed to support the BIPV growth and ensure better confidence among the stakeholders
Crystalline module is anticipated to dominate BIPV Market
It is expected that the crystalline type of BIPV will account for the largest share in the BIPV market as it is the most mature and widely used BIPV material. Crystalline module is the dominant technology of solar photovoltaic (PV) used in the BIPV industry. Over 80 percent of the solar industry accounts for standard solar technology produced using crystalline silicon. As the most mature and widely used BIPV material, the majority of the solar panels used for façades, curtain walls and roofs are made of crystalline silicon.
Increased Demand For Near-Zero-Energy Buildings
Increased demand for near-zero-energy buildings and developing BIPV techniques and solutions that can adapt to these ambitious buildings ' requirements. These types of buildings are supported by the EPBD Directive, which promotes the spread of low / zero energy buildings, thus promoting the integration of renewable energy technologies on site or near the buildings. Every year, the public picture of businesses becomes more crucial and they are therefore interested in investing their assets to show their present and potential customers an eco-friendly picture.
BIPV Equipped with Modern Technologies to improve Effectiveness
The fact that the effectiveness of generation is constantly being increased by new techniques is quickly improving the return on BIPV investments. Moreover, these new techniques are more versatile and have better aesthetics that facilitate their incorporation into the planning stage. In developed countries, mature social environmental awareness is an ongoing force for policymakers and politicians to find fresh and better methods to encourage green technologies.
Leading Regional & National Analysis
Asia Pacific is anticipated to experience the highest development owing to the existence of favourable regulations and standards to improve renewable energy facilities in industrial as well as business facilities in nations such as China, India, Japan and South Korea. Because of the implementation of net metering policies and programs, integrated residential solar facilities in several nations like India and China are likely to develop. In addition, increased awareness of green building construction is anticipated to boost development further.
The comprehensive report offers market estimation and forecast for the period ranging 2019 – 2029 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of advanced energy storage systems.
AGC Solar, Belectric, Heliatek GmbH, Carmanah Technologies Corporation, Dyesol Ltd. (Greatcell Solar Limited), Hanergy Holding Group Limited, Ertex solartechnik GmbH, ISSOL sa, Canadian Solar Inc., Onyx Solar Energy S.L., Tesla Inc.
Approximately $3.9 billion will be invested in roofing alternatives for BIPV in every Europe and USA for 2020, with a complete annual investment of more than $11.1 billion globally. This is due primarily to favourable regulatory and incentive systems in these areas. Europe is the major business region in the world. The adoption of BIPV technologies in the region benefits from the increased readiness of customers to embrace green practices as a consequence of voluntary environmental stewardship, incentives and strict energy efficiency laws
The Building-integrated Photovoltaics Solar Power Market Analysis report will be of value to anyone who wants to better understand the energy storage market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the energy industry.
Notes for Editors
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