Global Building Applied Photovoltaics Market to Grow at CAGR of 12.60% from 2014 to 2020
Albany, NY -- (SBWIRE) -- 07/13/2017 -- 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.
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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.
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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:
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BAPV Market: Product Segment Analysis
BAPV Market: Regional Analysis
Rest of the World (RoW)