Rising need of renewable energy sources to boost the BIPV Roofing Market growth

 

BIPV Roofing Market
BIPV Roofing Market

BIPV Roofing Market Size, Share & Trends Analysis Report By Technology (Crystalline Silicon, Thin Film), By Application, By End-use, By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

The global BIPV Roofing Market is estimated to be valued at US$ XX million in XXX and is expected to exhibit a CAGR of XX% over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

BIPV is also known as Building Integrated Photovoltaics. These are modern elements that substitute traditional elements as part of a building’s construction and also include photovoltaic compounds, which are employed to produce electricity or heat.

Competitive Landscape:

Key players involved in the global BIPV roofing market are Sharp Corporation, Pythagoras Solar, Atlantis Energy Systems, Kyocera Corporation, Centrosolar Ag, Dow Solar, Scheuten Solar, Eagle Roofing Products Florida LLC., Ascent Solar Technologies Inc., Konarka Technologies Inc., 3S Swiss Systems, Dyesol Ltd., Ertex Solar GmbH, Heliatek GmbH, and Suntech Power Holdings Co. Ltd.

Market Key Drivers:

Rising need of renewable energy sources is expected to augment the growth of global BIPV Roofing market. For instance, as per IEA, renewable energy accounts for 95% of rise in global power capacity by 2026.

Favorable government rules along with rising energy security awareness is projected to propel the growth of global BIPV Roofing market. For instance, the France government provides the highest tariff feed for electricity produced by PV compounds, which are particularly integrated into constructions. 

Covid-19 Impact Analysis:

The Covid-19 outbreak had a negative impact on the growth of the global BIPV Roofing market.  The imposition of strict lockdown and restriction in movement, shortage of labor, spread of the virus, closure of the manufacturing units and disruption in supply chain were all some of the challenges faced almost by every industry across the globe including construction and transport industry.

Key Takeaways:

The global BIPV Roofing market.is anticipated to exhibit a CAGR of XX % during the forecast period owing to collaborations, frequent approvals and quick launches of products, and product innovations.  For instance, in December 2021, SolarDay, an Italian solar provider introduced a glass monocrystalline PERC BIPV panel. 

Among regions, North America, Europe and Asia Pacific are expected to witness robust growth in the global BIPV Roofing market due to presence of market players, rising regulatory initiatives and rising collaborations and partnerships. For instance, as per German Renewable Energy Sources Act, it launched a FiT scheme and propelled the production of electricity utilizing solar power, the German market has developed as one of the main users of BIPV.

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