TechNavio recognizes the following companies as the key players in the Global Building Integrated Photovoltaics Market: First Solar Inc., Sharp Corp., Suntech Power Holdings Co. Ltd., and United Solar Ovonic LLC.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends in the Global BIPV market is the huge investments made in R&D for the Solar industry. For instance, the National Institute of Standards and Technology has issued grants for R&D in the Renewable Energy sector. The National Research Centre in the UK, which deals with solar wafer research, has partnered with European Union-funded R&D programs that are related to solar wafers and PV technology. Some of the international agencies and conferences involved in the research on solar wafers and solar cells include the European Renewable Energy Research Centres Agency, the Renewable Energy Policy Network for the 21st century, the International Renewable Energy Storage Conference, the World Renewable Energy Congress/Network, the International Energy Agency, and the International Renewable Energy Agency. This increased R&D in the Solar industry is one of the major trends in the Global BIPV market.”
According to the report, one of the key issues faced by the Solar industry previously was the difficulty in storing the energy generated for later use. As this issue has been rectified to a certain extent, with the introduction of solar PV inverters and other storage technologies, the investment in the Solar industry is increasing. As a result, the increase in the usage of solar power storage technologies will in turn increase the growth of the Global BIPV market in the future.
Further, the report states that one of the major challenges in this market is the seasonal fluctuations in availability of solar power. As solar power generation is directly dependent on sunlight, during off-seasons its availability is reduced due to cloud cover and rain, shortened daytime and snowfall, meaning that buildings using BIPV technology have to find an alternative source for power generation. This will be an additional cost for the consumers, as the BIPV itself is quite expensive. This will in turn adversely affect the growth of the market in the future.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Ascent Solar Technologies Inc., Centrosolar AG, Dow Solar, Dyesol Ltd., Eagle Roofing Products Florida LLC, Ertex Solar GmbH, Heliatek GmbH, Konarka Technologies Inc., Kyocera Corp., PowerFilm Inc., Pythagoras Solar Ltd., Scheuten Solar Holding B.V., SCHOTT Solar AG, SolarOr Ltd., Solyndra LLC, and Wurth Solar GmbH & Co. KG
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-building-integrated-photovoltaics…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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TechNavio Announces the Publication of its Research Report -Global Building Integrated Photovoltaics Market 2012-2016
