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Adoption of BIPV Rising owing to Government Incentives to Reduce Carbon Footprint : QYResearchReports.com

Brooklyn, NY , Sept. 08, 2016 (GLOBE NEWSWIRE) --

Building-integrated photovoltaics (BIPV) is the integration of photovoltaic systems into external parts of buildings such as the skylights, roof, and facades. They convert solar energy into electrical energy and are widely used across the residential and commercial sectors.

The report offers insights into dynamics such as drivers, restraints, and opportunities of the global BIPV market. The increasing awareness about cutting down on carbon emissions and the subsequent demand for harnessing renewable sources of energy have fuelled the growth of the global BIPV market. The demand for BIPV is on an exponential rise owing to the low cost of electricity generation along with government incentives that promote its use. Another factor driving the growth of the market is the decentralization of grid power through the deployment of BIPV systems.

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On the flip side, the short lifespan and the high installation costs are likely to restrain the market. Other factors impeding the growth of the global BIPV market are the stringent standards and building codes and irregularities in energy measurement. However, technological advancements in BIPV systems are anticipated to present immense opportunities to the market players.

The report provides a comprehensive study of the market’s growth through the forecast period in terms of revenue at a global as well as regional level. It includes figures about supply, import and export, and consumption across key regions such as the US, China, Japan, and Europe. The Europe market will be driven by the growing BIPV installations in France, Italy, Spain, Germany, and the UK. In Europe, ordinances for all the new buildings to be zero-emission by the end of 2016 are translating into higher adoption of BIPV systems. The US market will emerge as a lucrative market for BIPV systems in the coming years owing to increasing consumer awareness regarding solar power and preference for off-grid power sources. Heavy investments from the public and private sectors are expected to give a significant push to the BIPV market in Japan.

The report gives an in-depth analysis of the manufacturing cost structure, technical data, the distribution of key manufacturing plants, capacity, and production. It also mentions the upstream investments, raw materials and equipment, and downstream consumer analysis. It also provides the readers with information about various distribution and marketing channels and scope of new investment projects.

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It offers quantitative and qualitative insights into the competitive landscape of the global BIPV market. The company profiles of key vendors and their product pictures, specifications, and contact information have been discussed in the report. In addition, the report presents facts about the cost, capacity, price, production, gross, and revenue of the major manufacturers. Some of the key manufacturers of BIPV systems are Canadiansolar, Hanergy, Ertex solar, Onyx Solar, Yingli Solar, FirstSolar, AGC Solar, Polysolar, Sanyo Electric, and Astronergy.

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Source: QY Research Reports