• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Printed Electronics
    • Raw Materials
    • Equipment
    • Services
    • Suppliers Guide
    • Resources
    • More
  • Magazine
  • News
  • Printed Electronics
  • Raw Materials
  • Equipment
  • Services
  • Suppliers Guide
  • Resources
  • Current & Past Issues
    Features
    Editorials
    Digital Edition
    Subscribe Now
    Advertise Now
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Breaking News
    Experts Opinion
    Financial News
    Manufacturers News
    Mergers and Acquisitions
    Online Exclusives
    Personnel
    Product Releases
    Suppliers News
    Live From Shows
    Displays and Lighting
    Photovoltaics
    Printed Batteries
    Printed Circuit Boards/Membrane Switches/In Mold Electronics
    Flexible and Printed Electronics
    RFID and NFC
    Sensors and Wearables
    Smart Cards and Packaging
    Touch Screens
    Adhesives, Barriers and Encapsulants
    Chemicals, Metals and Powders
    Conductive Inks and Coatings
    Electronic Materials
    Film, Paper, Glass and Substrates
    Graphene, Perovskites and Carbon Nanotubes
    Nanomaterials
    Printed Electronic Components
    Research Reports
    Semiconductors and Quantum Dots
    Energy Curing Equipment
    Lab and Testing Equipment
    Manufacturing Equipment
    Printing Equipment
    3D Printing
    Contract Manufacturing Services
    Product Design and Testing
    Research and Consulting
    Research Institutions
    Research Reports
    Universities
    Equipment
    All Companies
    Materials
    Categories
    Converting
    Printed Electronics Systems
    Associations
    Research and Services
    Used Machinery
    Add New Company
    Industry Events
    Live from show events
    Podcasts
    Videos
    Blogs
    Slideshows
    Infographics
    Webinars
    Whitepapers
    Equipment and Services
    Glossary
    • Magazine
      • Current & Past Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Suppliers Guide
      • Add Your Company
      • Suppliers Guide
    • Printed Electronics
      • Photovoltaics
      • Printed Batteries
      • Printed Circuit Boards/Membrane Switches/In Mold Electronics
      • Flexible and Printed Electronics
      • RFID and NFC
      • Sensors and Wearables
      • Smart Cards and Packaging
      • Touch Screens
    • Raw Materials
      • Adhesives, Barriers and Encapsulants
      • Chemicals, Metals and Powders
      • Conductive Inks and Coatings
      • Electronic Materials
      • Film, Paper, Glass and Substrates
      • Graphene, Perovskites and Carbon Nanotubes
      • Nanomaterials
      • Semiconductors and Quantum Dots
    • Equipment
      • Energy Curing Equipment
      • Lab and Testing Equipment
      • Manufacturing Equipment
      • Printing Equipment
      • 3D Printing
    • Services
      • Contract Manufacturing Services
      • Product Design and Testing
      • Research and Consulting
      • Research Institutions
      • Research Reports
      • Universities
    • Online Exclusives
    • Slideshows
    • Blog
    • Videos
    • Podcasts
    • Infographics
    • Events
      • Industry Events
      • Live from show events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Global Building-integrated PV Facade Market to Experience Significant Growth: Grand View Research

    Market was valued at $818.2 million in 2018 and is expected to register a CAGR of 25.3% through 2025.

    Global Building-integrated PV Facade Market to Experience Significant Growth: Grand View Research
    Related CONTENT
    • Electronic Chemicals, Materials Market Worth $81.6 Billion by 2024: MarketsandMarkets
    • New NREL Senior Research Fellow Helps Make Quantum Leap in Solar Energy
    • Optomec Reports 40% Growth in Q2, First Half 2019 Revenue
    • SI2 Technologies Focuses on Flexible Electronics for US Military
    • Global Conductive Textiles Market to Register 16.5% CAGR from 2019-2025: Grand View Research
    11.11.19
    The global building-integrated photovoltaics facade market size was valued at $818.2 million in 2018 and is expected to register a CAGR of 25.3% during the forecast period, according to Grand View Research.

    The product is experiencing high demand, primarily from the developed economies that have a well-established electricity sharing system. The rise in government schemes and incentives regarding the use of BIPV as a renewable source of energy generation is expected to have a positive impact on growth.

    Building-integrated photovoltaics (BIPV) are photovoltaic (PV) modules that are either combined with the buildings during their construction or are integrated later on with the outer surface replacing the old facade. Due to technological advancements, colored panels that have high aesthetic value are being implemented on the facade of the commercial buildings.

    The U.S. market for BIPV façade was dominated by the Crystalline Silicon (C-Si) technology on account of the superior performance exhibited by these panels. Moreover, the growing concerns about the impact of non-renewable energy sources are likely to fuel the demand in the country.

    The demand for integration of photovoltaics with facades is driven by their installation in the commercial sector. Increased emphasis on electricity sharing coupled with high subsidies provided by governments is anticipated to facilitate photovoltaic integration over the forecast period. Furthermore, BIPV in facades is driven by the improved aesthetic appeal and a large number of customized solutions offered by the market players.

    Europe has witnessed significant involvement from the government for promoting the building-integrated photovoltaics (BIPV) facade. Stringent regulations and policies implemented by the regulatory bodies, such as the Europe 2020, Renewable Energy Directive 2, and National Renewable Energy Action Plan (NREAP) are anticipated to drive the regional demand in the forthcoming years.

    The growth of the building and construction industry, primarily in the developing economies of Asia Pacific makes it favorable to integrate the BIPV facades during the construction of new buildings. Furthermore, the introduction of ventilated photovoltaic facades provides superior benefits such as greater yield in low irradiation and high-temperature conditions, reduction of acoustic pollution, elimination of thermal barriers, and superior insulation performance.

    Rising concerns regarding environmental pollution caused by the use of non-renewable sources of energy are anticipated to drive the adoption of facade integrated photovoltaics over the forecast period. Furthermore, tax benefits and incentives offered by the European countries, such as France, Spain, and Germany promote the adoption of BIPV facades in these countries.

    Building-integrated photovoltaics installation is technology-intensive and requires significant knowledge of the installation process and customization possibilities. The use of BIPV installations for facade involves high cost due to the use of various components, such as inverters, meters, system monitors, combiner boxes, and wirings. These factors are expected to hinder the growth of the building-integrated photovoltaics facade (BIPV) market soon.

    Crystalline silicon technology dominated the BIPV facade market by capturing 71.9% share in 2018. The high strength of C-Si BIPV facade coupled with superior resistance to adverse weather conditions were the major factors contributing to this dominance. The global market is expected to be primarily driven by the declining price of crystalline silicon cells, which in turn is expected to lower the installation cost over the next seven years.

    Thin-film BIPV facade is expected to witness the fastest CAGR of 27.3% during the forecast period due to rapid technological advancements leading to the introduction of advanced products. Moreover, thin-film BIPV is readily used in case of considerable weight constraints for the building.

    The demand for thin-film BIPV is expected to rise over the forecast period on account of superior product efficiency. However, the product has limited strength which may restrict its applications. The demand for organic photovoltaics is expected to increase over the next seven years on account of superior product flexibility. However, the high installation and maintenance costs are anticipated to restrain this growth.

    Europe emerged as the largest regional market accounting for $285 million in 2018. The presence of high consumer awareness coupled with a favorable outlook toward renewable energy is likely to drive the growth. The governments of Germany and Italy emphasize on the use of solar energy, which is expected to translate into higher adoption of BIPV, thus promoting the regional market growth over the forecast period.
    Europe has been at the forefront of promoting BIPV installations and formulating mandates necessary to ease their integrations. Policies, such as Renewable Energy Directive 2009/28/EC, National Renewable Energy Action Plan (NREAP), Solar Europe Initiative, and Energy Performance of Buildings Directive (EPBD) provide guidelines to the consumers for the integration of BIPV facades.

    North America is expected to witness growth on account of the increasing adoption of integrated photovoltaics in industrial, commercial, and residential establishments. For instance, in August 2017, Carmanah Technologies Corporation received a contract to install the largest building-integrated photovoltaic system in Canada. The rise in such installations by major companies is projected to drive the regional market.

    In Asia Pacific, the governments of major economies, such as China, India, and other developing economies offer tax benefits for using solar energy-harnessing solutions to promote the demand for them. For instance, The Energy Conservation Promotion Act 1992 (ENCON Act) established the ENCON Fund in Thailand to provide subsidies and investment incentives to promote the installation of solar panels in the residential and commercial sectors.
    Related Searches
    • solar
    • photovoltaic
    • photovoltaics
    • PV
    Suggested For You
    Electronic Chemicals, Materials Market Worth $81.6 Billion by 2024: MarketsandMarkets Electronic Chemicals, Materials Market Worth $81.6 Billion by 2024: MarketsandMarkets
    New NREL Senior Research Fellow Helps Make Quantum Leap in Solar Energy New NREL Senior Research Fellow Helps Make Quantum Leap in Solar Energy
    Optomec Reports 40% Growth in Q2, First Half 2019 Revenue Optomec Reports 40% Growth in Q2, First Half 2019 Revenue
    SI2 Technologies Focuses on Flexible Electronics for US Military SI2 Technologies Focuses on Flexible Electronics for US Military
    Global Conductive Textiles Market to Register 16.5% CAGR from 2019-2025: Grand View Research Global Conductive Textiles Market to Register 16.5% CAGR from 2019-2025: Grand View Research
    Applied Materials Appoints Yvonne McGill to Board of Directors Applied Materials Appoints Yvonne McGill to Board of Directors
    Flexible Display Market Worth $15.1 Billion by 2022: MarketsandMarkets Flexible Display Market Worth $15.1 Billion by 2022: MarketsandMarkets
    ASSA ABLOY Reports Good Growth, Improved Operating Margin in 2Q 2019 ASSA ABLOY Reports Good Growth, Improved Operating Margin in 2Q 2019
    Global Biosensors Market to Register 8.1% CAGR through 2026: Grand View Research Global Biosensors Market to Register 8.1% CAGR through 2026: Grand View Research
    Global PCB Market to Reach $89.7 Billion by 2024: Lucintel Global PCB Market to Reach $89.7 Billion by 2024: Lucintel
    Display Market Worth $167.7 Billion by 2024: MarketsandMarkets Display Market Worth $167.7 Billion by 2024: MarketsandMarkets
    Anti-Counterfeit Packaging Market Worth $215.7 Billion by 2027: MarketsandMarkets Anti-Counterfeit Packaging Market Worth $215.7 Billion by 2027: MarketsandMarkets
    Display Market Worth $167.7 Billion by 2024 with a Growing CAGR of 4% Display Market Worth $167.7 Billion by 2024 with a Growing CAGR of 4%
    Global RFID in Healthcare Market Valued at $2.58 Billion in 2018 Global RFID in Healthcare Market Valued at $2.58 Billion in 2018
    Massivit 3D Appoints Erez Zimerman as New CEO Massivit 3D Appoints Erez Zimerman as New CEO

    Related Breaking News

    • 3D Printing | Breaking News | Mergers and Acquisitions
      Nano Dimension Acquires DeepCube Ltd.

      Nano Dimension Acquires DeepCube Ltd.

      AI will drive its 3D-AI/ML distributed digital fabrication applications, according to Nano Dimension.
      Anthony Locicero, Associate editor 04.20.21

    • Breaking News | Semiconductors and Quantum Dots
      SEMI, Center for Automotive Research Collaborate

      SEMI, Center for Automotive Research Collaborate

      To advance increased supply chain collaboration between the semiconductor and automotive industries.
      Anthony Locicero, Associate editor 04.19.21

    • Breaking News | RFID and NFC
      Zebra Technologies Introduces New Alliance Track for PartnerConnect Channel Program

      Zebra Technologies Introduces New Alliance Track for PartnerConnect Channel Program

      New track enables improved collaboration with Zebra partner ecosystem.
      Anthony Locicero, Associate editor 04.19.21


    • Breaking News | Flexible and Printed Electronics | Semiconductors and Quantum Dots
      Virtual ASMC 2021 Spotlights Advanced Semiconductor Manufacturing Excellence

      Virtual ASMC 2021 Spotlights Advanced Semiconductor Manufacturing Excellence

      Registration for the event is now open.
      Anthony Locicero, Associate editor 04.19.21

    • Breaking News | Photovoltaics
      European Commission

      European Commission's Innovation Radar Acknowledges 3 ARMOR Innovations

      Innovations developed in the OLEDSOLAR project funded by the European Commission as part of the Horizon 2020 framework program.
      Anthony Locicero, Associate editor 04.16.21

    • Breaking News | Displays and Lighting
      LG Display Cuts Down CO2-eq Emissions by 3 Million Tons in 2020

      LG Display Cuts Down CO2-eq Emissions by 3 Million Tons in 2020

      Said it is in tandem with its commitment to pursuing its carbon neutrality for the green future.
      Anthony Locicero, Associate editor 04.16.21


    • Breaking News | Displays and Lighting
      Universal Display Corporation Named to Financial Times’ The Americas’ Fastest-Growing Companies 2021

      Universal Display Corporation Named to Financial Times’ The Americas’ Fastest-Growing Companies 2021

      Universal Display Corporation ranked No. 441 among public and private high-growth companies in North, Central and South America.
      Anthony Locicero, Associate editor 04.15.21

    • Breaking News | Mergers and Acquisitions | RFID and NFC
      Brady Corporation Announces Tender Offer to Acquire Nordic ID Oyj

      Brady Corporation Announces Tender Offer to Acquire Nordic ID Oyj

      A total equity purchase price of €8.1 million ($9.7 million).
      Anthony Locicero 04.15.21

    • Breaking News | Printed Circuit Boards/Membrane Switches/In Mold Electronics
      KYOCERA Licenses TactoTek Injection Molded Structural Electronics Technology

      KYOCERA Licenses TactoTek Injection Molded Structural Electronics Technology

      The global electronic manufacturer is the first to design, develop, and produce IMSE parts in Japan.
      Anthony Locicero, Associate editor 04.15.21


    • Breaking News | Flexible and Printed Electronics | Research Institutions
      SUPERSMART Wins

      SUPERSMART Wins 'Best Publicly Funded Project Demonstrator' in 2021 OE-A Competition

      Research project presented paper-based printed electronics as an environmentally friendly and cost-efficient alternative.
      Anthony Locicero, Associate editor 04.15.21

    • Breaking News | Sensors and Wearables
      Emerson Wins 2021 ENERGY STAR Partner of the Year Award

      Emerson Wins 2021 ENERGY STAR Partner of the Year Award

      Energy Star recognizes Emerson’s Sensi thermostat, the first-ever smart thermostat to win the honor, for the second consecutive year.
      Anthony Locicero, Associate editor 04.15.21

    • Breaking News | Flexible and Printed Electronics | Manufacturers News | Research Institutions
      InnovationLab Wins

      InnovationLab Wins 'Best Prototype/New Product’ at 2021 OE-A Competition

      The winning product was OccluSense by Bausch, a dental pressure measuring system.
      Anthony Locicero, Associate editor 04.14.21


    • Breaking News | Photovoltaics
      First Solar Series 6 CuRe Has Industry’s Lowest Warranted Degradation Rate

      First Solar Series 6 CuRe Has Industry’s Lowest Warranted Degradation Rate

      Offers 0.2% annual warranted degradation rate; up to 60% lower than conventional c-Si products.
      Anthony Locicero, Associate editor 04.14.21

    • Breaking News | Manufacturing | Research Reports | Semiconductors and Quantum Dots
      SEMI: 2020 Global Semiconductor Equipment Sales Surge 19% to Industry Record $71.2 Billion

      SEMI: 2020 Global Semiconductor Equipment Sales Surge 19% to Industry Record $71.2 Billion

      From $59.8 billion in 2019.
      Anthony Locicero, Associate editor 04.14.21

    • Breaking News | RFID and NFC | Semiconductors and Quantum Dots | Sensors and Wearables
      STMicroelectronics Exhibits Products, Solutions at electronica China

      STMicroelectronics Exhibits Products, Solutions at electronica China

      Also, ST will be introducing its MasterGAN family including MASTERGAN1, MASTERGAN2, and MASTERGAN4, which is being exhibited for the first time in China.
      Anthony Locicero, Associate editor 04.13.21

    Trending
    • Nano Dimension Acquires DeepCube Ltd.
    • Brady Corporation Announces Tender Offer To Acquire Nordic ID Oyj
    • GVR: Global 3D Printing Market Size Was $11.58 Billion In 2019
    • KYOCERA Licenses TactoTek Injection Molded Structural Electronics Technology
    • Ascent Solar Technologies Selected By U.S Air Force For Advanced Flexible Lightweight Photovoltaics
    Breaking News
    • Nano Dimension Acquires DeepCube Ltd.
    • SEMI, Center for Automotive Research Collaborate
    • Zebra Technologies Introduces New Alliance Track for PartnerConnect Channel Program
    • Virtual ASMC 2021 Spotlights Advanced Semiconductor Manufacturing Excellence
    • LG Display Cuts Down CO2-eq Emissions by 3 Million Tons in 2020
    View Breaking News >
    CURRENT ISSUE

    Fall 2020

    • Flexible Electronics Is Proving to Be Ideal for Healthcare
    • COVID-19 and the Printed Electronics Industry
    • Smart Packaging Looks to Move Forward
    • Electronic & Conductive Ink Conference Showcases Future of Ink Technology
    • Printed Electronics Now’s International Suppliers’ Directory
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    In Vitro Study Suggests Bovine Colostrum May Prevent “Leaky Gut”
    Gaia Herbs Supports Veterans, Donates Hemp Products & Herbs to Local Group
    Charlotte's Web Eyes International Expansion with Health Canada Approval for CBD Cultivars
    Coatings World

    Latest Breaking News From Coatings World

    PPG Publishes Sustainability Report
    Sherwin-Williams Launches Echelon
    BYK: New Dimension in High Throughput Screening
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    FDA Grants 510(k) Clearance to LivaNova’s B-Capta
    Gynesonics Appoints Susan Stimson to Its Board of Directors
    Piezo Motion Debuts Piezoelectric Micro-Dosing Pump
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Evotec to Build Second Biologics Mfg. Facility in Toulouse
    Adare Pharma Names Ludger Roedder President of Adare Biome
    Johnson & Johnson 1Q Results
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Skin Match Technology Partners with Men-Only Grooming Platforms
    P&G Reports Solid Cash Results in Q3 of Fiscal 2021
    2021 Perfumed Plume Awards Announces Finalists
    Happi

    Latest Breaking News From Happi

    New OTC Natural Hemp Pain Relief Gel Arrives at cbdMD
    Amazon Adds SCS’ Carbon Neutral Certification to Its Climate Pledge Friendly Program
    Charles Moses, Beauty Industry Veteran, Passes at 65
    Ink World

    Latest Breaking News From Ink World

    Kumon North America Adds Speedmaster XL 106 from Heidelberg
    SE-DA Invests in Kornit Presto S
    Acrylic Resins Market Worth $21.9 Billion by 2025: MarketsandMarkets
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    GAA merges with AIMCAL
    Acucote expands Insights educational program
    S-OneLP launches Cannabis Resource Guide
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    P&G’s Sales Up 5%
    Ontex Tests Industrial Scale Diaper Composting
    Andritz to Supply Elliptical Cylinder Pre-Needler in France
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Surgalign Appoints Executive Vice President, Digital Surgery
    FDA OKs Zimmer Biomet's ROSA Partial Knee System
    AgNovos Healthcare's AGN1 LOEP SV Kit Obtains IDE
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Nano Dimension Acquires DeepCube Ltd.
    SEMI, Center for Automotive Research Collaborate
    Zebra Technologies Introduces New Alliance Track for PartnerConnect Channel Program

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login