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BIPV Roofing Market

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The global BIPV roofing market size is expected to witness potential gains in the future, and register a significant CAGR of 14.65 % over the forecast period (2019 - 2027).
BIPV Roofing Market - Size, Share, Outlook, and
Opportunity Analysis, 2019 – 2027
The global BIPV roofing market size is expected to witness potential gains in
the future, and register a significant CAGR of 14.65 % over the forecast period
(2019 - 2027).The market was valued at US$ 2.4 billion in 2016, and is
estimated to reach US$ 37.26 billion by 2027.
Market Overview
Photovoltaics is a potential renewable energy source. Photovoltaic materials can
be used to replace conventional building materials in parts of the building
envelope such as the roof, skylights, or facades. These materials are termed as
building-integrated photovoltaics (BIPV). BIPV roofing offers a number of
potential benefits and is considered a multifunctional technique. It can be used
to generate electricity and replace conventional building materials as a
significant weather barrier on residential building surfaces. Roofing systems in
BIPV include tiles, shingles, standing seam products, and skylights. BIPV may
hold potential to increase PV-suitable space on buildings. A complete BIPV
system includes PV modules, a charge controller, a power storage system, a
power inverter, backup power supplies, and mounting and support hardware.
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Market Outlook
Europe is expected to account for the largest market share due to European
Union (EU) directives for net zero energy components by 2020. Asia Pacific is
expected to be the fastest growing market, owing to rapid economic and
industrial growth in the region.
Key Players
Some of the major companies operating in the global BIPV roofing market
include, 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, and
Suntech Power Holdings Co. Ltd.
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pallavi.reddy
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