Building Integrated Photovoltaics Market Analysis Highlights the Impact of COVID-19 (2020-2024)| Need To Reduce Energy Cost to Boost the Market Growth | Technavio
LONDON–(BUSINESS WIRE)–#BuildingIntegratedPhotovoltaicsMarket–Technavio has been monitoring the building integrated photovoltaics market and it is poised to grow by USD 10.67 bn during 2020-2024, progressing at a CAGR of about 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
What are the major trends in the market?
Increasing solar energy consumption and installation is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 15.41% and the incremental growth of the market is anticipated to be $ 10.67 bn.
Who are the top players in the market?
Canadian Solar Inc., First Solar Inc., Heliatek GmbH, KYOCERA Corp., Meyer Burger Technology AG, Sharp Corp., Trina Solar Co. Ltd., United Solar Ovonic Inc., Wuxi Suntech Power Co. Ltd., and Yingli Green Energy Holding Co. Ltd., are some of the major market participants.
What is the key market driver?
The need to reduce energy cost is one of the major factors driving the market.
How big is the Europe market?
The Europe region will contribute 35% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Canadian Solar Inc., First Solar Inc., Heliatek GmbH, KYOCERA Corp., Meyer Burger Technology AG, Sharp Corp., Trina Solar Co. Ltd., United Solar Ovonic Inc., Wuxi Suntech Power Co. Ltd., and Yingli Green Energy Holding Co. Ltd. are some of the major market participants. The need to reduce energy cost will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Building Integrated Photovoltaics Market 2020-2024: Segmentation
Building Integrated Photovoltaics Market is segmented as below:
- Crystalline Panel
- Thin-film Panel
- Offline Stores
- Online Stores
- North America
- South America
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Building Integrated Photovoltaics Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The building integrated photovoltaics market report covers the following areas:
- Building Integrated Photovoltaics Market Size
- Building Integrated Photovoltaics Market Trends
- Building Integrated Photovoltaics Market Industry Analysis
This study identifies increasing solar energy consumption and installation as one of the prime reasons driving the building integrated photovoltaics market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Building Integrated Photovoltaics Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist building integrated photovoltaics market growth during the next five years
- Estimation of the building integrated photovoltaics market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the building integrated photovoltaics market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of building integrated photovoltaics market, vendors
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End user placement
- Commercial – Market size and forecast 2019-2024
- Residential – Market size and forecast 2019-2024
- Industrial – Market size and forecast 2019-2024
- Market opportunity by End user
Market Segmentation by Type
- Market segments
- Comparison by Type placement
- Crystalline panel – Market size and forecast 2019-2024
- Thin-film panel – Market size and forecast 2019-2024
- Market opportunity by Type
- Geographic segmentation
- Geographic comparison
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher-priced units
- Market challenges
- Market trends
- Landscape disruption
- Vendor Analysis
- Market positioning of vendors
- Canadian Solar, Inc.
- First Solar Inc.
- Heliatek GmbH
- KYOCERA Corp.
- Meyer Burger Technology AG
- Sharp Corp.
- Trina Solar Co. Ltd.
- United Solar Ovonic, Inc.
- Wuxi Suntech Power Co. Ltd.
- Yingli Green Energy Holding Co. Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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