Bipv Roofing Market The Future of Industry, Insights and Predictions to 2031 | Atlantis Energy Systems, – EIN News

The BIPV roofing market size expected CAGR of 14.65 % over the forecast period (2019 – 2027) valued at US$ 2.4 billion in 2016 reach US$ 37.26 billion by 2027

BURLINGAME, CALIFORNIA, UNITED STATES, May 22, 2024 /EINPresswire.com/ — Market Overview:

Building integrated photovoltaic (BIPV) roofing systems are integrated solar photovoltaic modules or tiles that are used in construction of building roofs and facades. These systems provide both energy generation and weather protection.

Market Dynamics:

The increasing demand for energy-efficient buildings among end-users such as residential and commercial sectors is estimated to drive the growth of the global BIPV roofing market during the forecast period. Additionally, rising focus on green & sustainable construction owing to supportive government policies and incentives promoting renewable energy generation around the world is further expected to boost the market growth. However, high initial costs associated with BIPV roofing systems compared to conventional materials act as a limiting factor. Nevertheless, falling costs of solar PV modules are offsetting this restraint. The integration of solar panels into building components such as roofs reduces costs in construction, planning and eliminates needs for additional racking, wiring and installation.

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Building Integrated Photovoltaics (BIPV) Enables Additional Roof Area to be Used for Solar Power Generation

BIPV roofing can transform entire rooftops into solar panels without need for additional mounting systems. Most of the roofs remain unused and this unused roof space can be converted to generate solar power with BIPV roofing. As integrating solar cells within roof materials like tiles and slates allows capturing sunlight falling on entire roof surface, it significantly enhances solar generation capacity per roof when compared to standard solar panels mounted on racks over rooftops. This ability of BIPV roofing to maximize utilization of roof area for solar power is a major driver behind its growing adoption.

Increasing Energy Consumption and Focus on Renewable Sources Augment Demand for Solar Roofing

With rapid urbanization and economic growth worldwide, energy consumption has been increasing steadily over the past few decades. This rising energy demand has put pressure on conventional energy sources and amplified the need to shift towards renewable and clean sources of energy. Solar energy has emerged as one of the most viable renewable options to meet this escalating demand. Consequently, the solar industry has been witnessing strong growth. Within the solar industry, BIPV roofing is gaining prominence as it serves dual purpose of generating power as well as providing weatherproof roof while blending attractively with building architecture. This growing emphasis on wider adoption of solar power to tackle higher energy needs has boosted uptake of BIPV roofs.

Higher Upfront Costs Relative to Conventional Roofing Materials Pose Financial Challenge

While BIPV roofing brings various advantages, its higher initial costs remain a challenge compared to standard roofing materials. BIPV systems require specialized manufacturing processes and integration of sophisticated photovoltaic components within roof materials which raises their prices. Traditional roofing materials like clay tiles or asphalt shingles are relatively inexpensive in comparison. Installing BIPV roofing can cost 15-25% more upfront than using normal roofing systems. Though operation and maintenance costs are lower for BIPV in long-run, this higher upfront expenditure poses affordability issues. This financial barrier restricts faster and wider adoption of BIPV roofing to some extent currently.

Emerging Subsidy Programs and Financing Schemes Address Cost Concerns

Many governments across the world are introducing various subsidy programs and attractive financing options to promote large-scale deployment of renewable energy technologies including BIPV systems. These subsidy initiatives help drive down the effective prices of BIPV roofing and improve their cost competitiveness against standard roofing materials. For example, several US states offer tax incentives, rebates and production-based incentives on installation of solar power systems including BIPV roofs. Countries like Japan provides low-interest loans for residential solar projects. Emergence of such financial support programs address major cost concerns associated with BIPV and presents new opportunities for industry growth by enhancing affordability of this promising solar technology.

Steady Decline in Solar Module Prices and Advancements in BIPV Manufacturing Processes Boost Market Potential

Solar photovoltaic components, which account for major share of BIPV system costs, have seen sharp decline in prices over last decade owing to economies of scale, technological progress and policy support worldwide. This downward price trend in solar modules has directly contributed to cost reductions achieved in BIPV roofing space as well. In addition, ongoing research and development activities in BIPV manufacturing technology domain are aimed at developing simpler, standardized and higher-volume production techniques. These advances would help lower capital costs for setting up BIPV production facilities. Simultaneously, they are expected to boost manufacturing capacities and competitiveness of BIPV roofing over time through decreased production prices. This falling technology costs trend bodes well for stronger market growth outlook of BIPV roofing industry in long-term.

Worldwide major and leading players within the market are:

★ Atlantis Energy Systems
★ Centrosolar Ag
★ Ascent Solar Technologies Inc.
★ 3S Swiss Systems
★ Dyesol Ltd.
★ Ertex Solar GmbH
★ Dow Solar
★ Eagle Roofing Products Florida LLC.
★ Konarka Technologies Inc.
★ Heliatek GmbH
★ Pythagoras Solar
★ Scheuten Solar
★ Sharp Corporation
★ Kyocera Corporation
★ Suntech Power Holdings Co. Ltd.

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Segmental Overview

Bipv Roofing Market segmentation offers an in-depth analysis of the various segments of the market, including application, type, end use, and region. The segmentation overview section offers crucial information about the market share, sales, and growth rate for each of the segments over the forecast period. Moreover, an examination of the relative multitude of significant sub-portions in the market has been canvassed in the report.Having a knowledge about the various segments and sub-segments helps businesses recognize the importance of factors that drive industry growth.

Regional Analysis for Bipv Roofing Market:

📍 North America (United States, Canada, and Mexico)
📍 Europe (Germany, France, UK, Russia, and Italy)
📍 Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
📍 South America (Brazil, Argentina, Colombia, etc.)
📍 The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Key Highlights of the Report

Offers a comprehensive and holistic analysis of the Bipv Roofing Market.
Evaluates the competitive environments, covering partnerships, joint ventures, acquisitions, and organic growth.
Provides forecast information related to every region and sub-region of the Bipv Roofing market.
Includes information on the key opportunities and challenges faced by key industry players worldwide.
Covers the Bipv Roofing market’s current and future market outlook on industry drivers, market restraints, and regional constraints.
The report answers a number of crucial questions, including:

➥ Which companies dominate the global Bipv Roofing market?
➥ What current trends will influence the Bipv Roofing market over the next few years?
➥ What are the market’s opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular Bipv Roofing market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

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