Latest
industry research report on: Building Applied Photovoltaics (BAPV)
Market | Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
Building Applied Solar photovoltaic (BAPV)
systems utilize solar PV panels to transforms solar radiations into
electrical energy. Over the past few decades, the solar industry in
Germany has been transformed from a cottage industry into a
billion-dollar business with global acceptance. Building applied solar
photovoltaic (BAPV) systems is one of the product types that utilize
solar panels, which are retrofitted onto building structures such as a
rooftops or facades to generate electricity. BAPV systems generate power
by harnessing freely available solar energy at a cheaper rate than
traditional energy generation techniques that utilize costly fossil
fuels. BAPV systems are gaining popularity, as they aid in reducing the
use of fossil fuels, offer weather protection, and do not affect
building aesthetics where they are installed. Besides these factors,
government subsidies and continuous innovations have fueled market
growth over the last few years. The energy generated has wide
applications in several sectors including residential, commercial, and
industrial sectors. The major advantage of the BAPV is decentralization
from grid power. Basic raw materials used in manufacturing BAPV cells is
a raw form of silicon (98% pure), which is doped with boron or
phosphorus. Solar electricity generated by BAPV systems is either fed
back to the main power grid or employed for captive consumption. Most of
the heavy machineries operate on the power generated through BAPV, due
to which it is finding growing applications in commercial, industrial,
and residential sectors.
This
research study analyzes the market size of building applied
photovoltaic (BAPV) systems, both in terms of volume (annual
installation capacity) and revenue. The BAPV market has been segmented
on the basis of product segment, and geography in order to provide a
holistic picture of the photovoltaic industry. Market data for all
segments has been provided on a regional level for the period 2014–2020.
A comprehensive competitive landscape of key companies has also been
provided in this report.
Key
product segments analyzed in the report include rooftop, facades, and
others. Growing awareness coupled with increased demand for renewable
energy has fueled the global demand for BAPV systems. The report
analyzes the market trends for respective product segments in terms of
volume (MW) and revenue. Furthermore, the report concludes the factors
attributing to the overall growth of the BAPV market. Limited rooftop
surface area offering limited exposure to solar radiation compared to
façades has led to a paradigm shift towards utilization of BAPV facades.
Regional data has been provided for North America, Europe, Asia
Pacific, and RoW.
This
research is designed to estimate, analyze, and forecast the annual
installed capacity of BAPV across the global market. The research
provides in-depth analysis of BAPV manufacturers, product sales, and
trend analysis by segments and annual installed capacity by geography.
The report covers all the major product segments of the BAPV market. It
also provides detailed analysis, historical data, and statistically
refined forecast for the segments covered.
The
market size for BAPV has been estimated on the basis of regional annual
installations and indicators in the product segment. All market
revenues have been calculated by considering the whole BAPV system cost.
Major products analyzed in this report include rooftop and facades. The
market is also analyzed on the basis of geography, which comprises
various regions including North America, Europe, Asia Pacific, and Rest
of the World (RoW).
This
report also includes Porter’s Five Forces analysis, value chain
analysis, and market attractiveness analysis by product segment. Some of
the key market participants that deal in BAPV systems include First
Solar, Inc., Ascent Solar Technologies, Inc., Pythagoras Solar Ltd.,
Sapa Solar, Centrosolar AG, and others (Dyesol, Power Film, Inc.,
Suntech Holding LLC, and United Solar Ovonic LLC.). The report provides
an overview of these companies, followed by their financial revenue,
business strategies, and recent developments.
BAPV
prices are continuously decreasing and changing depending upon product
types. There is slight reduction in per product profit margin; however,
the overall profit margins are increasing as the demand for BAPV is
expected to continue increasing at a tremendous rate. The study presents
a comprehensive assessment of the stakeholder strategies, winning
imperatives for them by segmenting the BAPV market as below:
BAPV Market: Product Segment Analysis
- Rooftop
- Facades
- Others
BAPV Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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