The rapid expansion of the solar photovoltaic (PV) installation capacities of different countries, coupled with increasing demand for renewable energy sources, is expected to drive the growth of the market across the world. Increased awareness for energy security and self-sufficiency and favorable government legislations, coupled with the unilateral obligation of countries such as Germany, Italy, France, the U.K., the U.S., China, Japan, and India to the Kyoto Protocol, designated to reduce greenhouse gas (GHG) emissions, are also expected to promote the growth of the market in the coming years.
MARKET SCOPE
The "Global Building mounted photovoltaic Market Analysis to 2028" is a specialized and in-depth study of the building mounted photovoltaic market with a special focus on the global market trend analysis. The report aims to provide an overview of building mounted photovoltaic market with detailed market segmentation by technology, end-user, and geography. The global building mounted photovoltaic market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading building mounted photovoltaic market players and offers key trends and opportunities in the building mounted photovoltaic market.
MARKET SEGMENTATION
- The global building mounted photovoltaic market is segmented on the basis of technology, end-user.
- On the basis of technology, the market is divided into crystalline silicon, thin film, and others.
- On the basis of end-user, it is fragmented into industrial, commercial, and residential.
Drivers:
- The demand for building-integrated photovoltaics is likely to be fueled by the high need for integrated roof systems in commercial and industrial establishments. Improvements in the manufacturing technology of thin-film BIPV modules and the rising efficiency of the product are expected to drive the market over the forecast period.
- Lack of skilled workforce for PV installation and maintenance.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The building mounted photovoltaic market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the building mounted photovoltaic market in these regions.
IMPACT OF COVID-19 ON BUILDING MOUNTED PHOTOVOLTAIC MARKET
The building mounted photovoltaic market is expected to decline in 2020, mainly due to the impact of COVID-19. Governments of several major economies have enforced lockdowns to curb the spread of COVID-19. With lockdown in place, manufacturing activities have been affected significantly. For instance, in January 2020, the Chinese government announced a lockdown of more than 30 days to tackle COVID-19. As the majority of the PV modules are manufactured in China, the production and supply chain has taken a significant hit. For instance, India imports ~80% of its solar value chain supplies from China. The lockdown had drastically affected the manufacturing capacity of China, as all major ship container companies had also stopped functioning out of Chinese ports and transporting goods from China to other countries. This resulted in supply chain disruptions in March and April 2020. Also, lockdown implemented in other countries caused supply chain disruptions and labor shortages in the PV industry. Companies were not able to source the required labor for their operations due to travel restrictions. Though the market is expected to be impacted in 2020, recovery is expected to commence in 2021, with full recovery by 2022.
MARKET PLAYERS
The report covers key developments in the building mounted photovoltaic market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from building mounted photovoltaicmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for building mounted photovoltaic market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Building mounted photovoltaic market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- SolarWindow Technologies, Inc.
- AGC Inc.
- Hanergy Mobile Energy Holding Group Limited
- The Solaria Corporation
- Heliatek GmbH,
- Carmanah Technologies Corp.
- Greatcell
- Tesla
- BELECTRIC
- ertex solartechnik GmbH.