The report recognizes the following companies as the key players in the Global BIPV Market: First Solar, Sharp Corp., Suntech Power Holdings Co., Trina Solar Ltd. and Yingli Green Energy Holding Co. Ltd.
Other Prominent Vendors in the market are: Ascent Solar Technology, Centrosolar, Dyesol, Ertex Solar, Heliatek and Scheuten Solar Holding.
The report said: “One key trend upcoming in this market is increased focus on energy efficiency in buildings. BIPV installation enables considerable energy conservation, which will generate more revenue for the market. Moreover, installation of BIPV systems can also help in attracting incentives from governments to encourage use of alternative sources of energy.”
According to the report, solar energy consumption worldwide has increased and thus has led to a corresponding increase in BIPV installations, which is expected to continue during the forecast period. Increased awareness about BIPV capabilities and use of solar energy has increased the demand for BIPV installations worldwide.
Further, the report states that seasonal fluctuations in availability of solar power are hindering market growth. Solar power generation depends heavily on energy derived from the sun during off-seasonal periods. Consequently, buildings using BIPV technology are compelled to find an alternative source for power generation. This will be an additional expenditure for consumers.
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.
Read more on ASDReports!
Source: ASDReports - Market Research
Date: Apr 14, 2015