Global Building Applied Photovoltaics (BAPV) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global building applied photovoltaics market in its upcoming report titled, “Global Building Applied Photovoltaics Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global building applied photovoltaics market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global building applied photovoltaics market report has been segmented on the basis of type, application, and region.
Building applied photovoltaics (BAPV) is a photovoltaic module used as a part of building envelope such as facades, roof, and skylights. BAPV products are of four types, crystalline silicon solar panels for ground-based and rooftop power plant, double glass solar panels with square cells inside, amorphous crystalline silicon thin film solar photovoltaic modules, and copper indium gallium selenide (CIGS) based thin film cells.
Increasing energy demand globally and growing preference for renewable energy sources are key factors driving growth of the global building applied photovoltaics market. In addition, government subsidiaries on building applied photovoltaics, low maintainance cost, and rising concern regarding reduction of carbon emission are other factors expected to boost demand for building applied photovoltaics over the forecast period.
However, high capital investment is a major factor restraining growth of the global building applied photovoltaics market. Additionally, lack of consumer awareness, and difficult to retrofit to old houses and old buildings are some other factors expected to hamper growth of the global building applied photovoltaics market over the forecast period.
The market in North America accounts for highest market share in terms of revenue as compared to that of markets in other regions. This can be attributed to increasing government subsidiaries on adoption of renewable source of energy for electricity generation. The market in Europe, accounts for second-highest market share in terms of revenue, owing to increasing adoption of building integrated photovoltaics by residential and commercial buildings, and government subsidiaries on solar powered energy systems in the region. Moreover, the market in Asia Pacific is projected to witness fastest growth over the forecast period, owing to financial support from government for solar powered energy systems in emerging economies such as China, India, etc.
Global building applied photovoltaics market segmentation:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Ascent Solar Technologies, Inc.
- GIE SAS
- Skyco Skylights
- Heliatek GmbH
- Onyx Solar Energy S.L.
- Greatcell Solar Limited
- TOPSUN ENERGY LIMITED
- Global Solar Inc.
- Hanergy Holding Group Ltd.
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