With Innovation as the Top Priority, the Global Building Integrated Photovoltaic Market to Stay Innovatively Tuned In the Forecast Period
/EIN News/ — United States, Rockville MD, July 13, 2022 (GLOBE NEWSWIRE) — Fact.MR, a market research and consulting firm, goes on record to state that that the global building integrated photovoltaic market is likely be worth US$ 16.1 Billion in 2022 and have a CAGR of 18.1% between 2022 and 2032. Call for sustenance has actually bolstered integrating infrastructure and renewable energy. Therefore, the global building integrated photovoltaic market is expected to reach US$ 88.6 Billion by the year 2032.
With global warming increasing at an alarming rate, being affable to climate-oriented uncertainties is the need of the hour. Stringent laws are being imposed all across for regulating environmental safety. This factor is expected to raise the potential of photovoltaic market in the forecast period.
For Critical Insights on Building Integrated Photovoltaic Market, Request a Sample Report
With growing popularity of the solar energy systems coupled with increasing awareness amongst the customers regarding clean energy are propelling the shipments of building integrated photovoltaics. At the same time, the fact that higher prices of implementation are likely to hamper the market can’t be ignored.
How Can New Entrants Make a Mark in the BIVP Marketplace?
“New Companies Should Focus on Innovation to Enhance their Revenue Generation Potential”
SunDrive, an Australian startup that created the most efficient commercial-sized silicon solar cell, has also fabricated the cell and is one step closer to commercializing the technology. The company is aiming to optimistically compete with big players in the market and will be eyeing the Asian market with the commercialization of its new solar cells.
Start-ups can focus on bringing such novel solutions and disrupt the market and improve their presence. Advancements in the efficiency of solar energy generation systems are expected to be a key area where new companies can focus their research and development over the coming years.
Supportive government initiatives to advance the adoption of renewable energy resources are anticipated to provide incentives for new entrants that could help them advance their research.
To learn more about Building Integrated Photovoltaic Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=492
Key Segments Covered in Building Integrated Photovoltaic Industry Survey
BIVP Market by Technology :
- Crystalline Silicon
- Multicrytalline Silicon
- Monocrystalline Silicon
- Thin Films
- Dye-sensitized Solar Cells
- Copper Indium Gallium Selenide
- Organic Photovoltaic
- Amorphous Silicon
- Cadmium Telluride
- Crystalline Silicon
BIVP Market by Application :
BIVP Market by End Use :
BIVP Market by Region :
- North America
- Latin America
Building integrated photovoltaic manufacturers are focusing on launching new and innovative products to maximize their sales potential and gain a competitive edge over other market players in the global landscape.
- In April 2022, Risen Energy, a China-based solar module manufacturer, announced the launch of its new BIPV products. The new lineup is claimed to be more environment-friendly and has an improved energy generation performance than the previous lineup.
Get Customization on Building Integrated Photovoltaic Market Report for Specific Research Solutions
Key players in Building Integrated Photovoltaic Market
- Scheuten Solar Holding
- First Solar
- Ertex Solar
- Suntech Power Holdings
- Ascent Solar Technology
Key Takeaways from Building Integrated Photovoltaic Market Study
- Globally, North America holds 28% of the overall market.
- Innovative measures like government of France offering high feed-in tariff for power generated through photovoltaic components used for integrating into the buildings to drive the market
- Globally, Europe contributes for 32.6% of the overall market revenue
- “Industrial” end-use to dominate the building integrated photovoltaic market.
About the Technology Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned technology team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the technology industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
Explore Fact.MR’s Coverage on the Technology Domain-
Earth Observation Market– The global earth observation system (EOS) market is projected to expand at a CAGR of around 9% over the next ten years, with most demand coming from North America, followed by Europe.
Unmanned Traffic Management (UTM) Market– The global unmanned traffic management (UTM) market is expected to expand at an impressive CAGR of around 18% over the next ten years, with drone operators being the largest end users across the world.
Airborne Optronics Market– As per the report published by Fact.MR, the global airborne optronics market is anticipated to exceed a valuation of around US$ 1.5 Billion by 2021, and is expected to expand at an impressive CAGR of around 13% over the forecast period of 2021 to 2031.
LIDAR Sensor Market– The global LiDAR sensor market size is expected to expand at an impressive CAGR of 12.5% over the forecast period of 2021 to 2031, especially with these sensors becoming more compact and cheaper.
Container Security Scanning Market– By value, Fact.MR has projected close to 8% CAGR for container security scanning sales during 2021-2031. Due to increasing number of cyber-attacks across the world, the market valuation is set to expand more than 2X and top a US$ 7 Billion valuation by 2031.
Electronic Access Control System Market– The global electronic access control system market surpassed a valuation of US$ 11 Billion in 2020, with 1.7X growth anticipated over the decade. Sales of electronic access control systems to the healthcare domain are expected to increase at over 5% CAGR.
IBM Watson Services Market– The global IBM Watson services market analysis shows that global demand enjoyed year-on-year (YoY) growth of 27% in 2021, to total a market valuation of around US$ 3.2 Billion. IBM Watson language services are expected to dominate the landscape over the coming years.
Personal Assistance Apps Market– Newly-released personal assistance app industry analysis shows that global demand enjoyed year-on-year (YoY) growth of 17.8% in 2021, to reach a value of above US$ 3.1 Billion.
Mental Fitness Apps Market– As per industry analysis on mental fitness apps, the market is foreseen to close in on a value of US$ 1.9 Billion by the end of 2031, surging at CAGR of 16.4% during the same period. Demand for mental fitness apps for co- occurring disorders grew 1.8X over the last 5 years.
Projector Lamps Market– The projector lamps market analysis, which shows that global demand is expected to enjoy year-on-year (YoY) growth of 5.5%. The projector lamps market size in 2021 will total a valuation of around US$ 2 Billion.
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
Follow Us: LinkedIn | Twitter