Building Integrated Photovoltaic (BIVP) Market to Register a Stout Growth by 2027
Rockville, MD -- (SBWire) -- 06/30/2018 --Building Integrated Photovoltaic (BIVP) are basically photovoltaic materials, which are utilized as a substitute for the conventional building materials in the parts of the building envelop for example facades, roof and skylights. Building Integrated Photovoltaic are gradually being amalgamated as key source of electric power during the construction of new buildings, though present building is already having similar technology. There are many advantages associated with integrated photovoltaic and one of the key benefits is its initial cost can be balanced by dropping the amount spent on labor and building materials, which would generally be utilized to build the part of a building by replacing BIPV modules. These various benefits associated with BIVP technology make it a rapidly growing sector of photovoltaic industry.
Building Integrated Photovoltaic (BIVP) Market- Drivers
One of the most decent and favorable ways of creating electricity directly from the sun is offered by Building Integrated Photovoltaic (BIPV). This technology does not harm environment or reduce resources. Two purposes are served with Building Integrated Photovoltaic technology- they can generate power and they exchange envelop materials of conventional building. This technology is adopted while constructing many building in Europe, while in Canada it is an emerging practice. As various economic and monetary benefits offered by various governments are increasing the growth of Building Integrated Photovoltaic market. This sector is likely to be benefitted by growing efforts of various government agencies for the promotion of solar energy. In terms of obtaining the silicon from electronic industry, this industry has been witnessing a tough competition because of growing demand for laptops and smartphones. Moreover, remarkable technological advances related to development of products and manufacturing technology are two important factors which are expected to fuel the growth of the Building Integrated Photovoltaic market.
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Building Integrated Photovoltaic (BIVP) Market- Regional Overview
Due to increasing number of incentives and legislations in support of Building Integrated Photovoltaic, Europe region is dominating the market. Huge opportunities have been witnessed in this market in Building Integrated Photovoltaic market. It has also been observed that highest revenue share in the market is captured by commercial buildings, while industrial building has grabbed least revenue share. The necessity of higher initial investment is the key reason for reduced adoption in industrial buildings. Nevertheless, it has been observed that lately level of adoption is slowly growing in the industrial building sector due to growing number of awareness campaigns and displaying developments by the key players.
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Building Integrated Photovoltaic (BIVP) Market- Key Players
Scheuten Solar Holding, First Solar, Heliatek, Sharp, Ertex Solar, Suntech Power Holdings, Ascent Solar Technology, Dyesol, Trina Solar, Centrosolar, and Yingli Green Energy Holding are some of the key players functioning in the Building Integrated Photovoltaic market.
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