LONDON–(BUSINESS WIRE)–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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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. Although the need to reduce energy costs will offer immense growth opportunities, the intermittent nature of solar power will challenge the growth of the market participants. To make the 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.
The need to reduce energy costs has been instrumental in driving the growth of the market. However, the intermittent nature of solar power might hamper the market growth.
Building integrated photovoltaics market 2020-2024 : Segmentation
Building integrated photovoltaics market is segmented as below:
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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. Our building integrated photovoltaics market report covers the following areas:
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.
Building integrated photovoltaics market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the building integrated photovoltaics market, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the building integrated photovoltaics market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Building integrated photovoltaics market 2020-2024 : Key Highlights
Table Of Contents :
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Panel Type
Drivers, Challenges, and Trends
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