According to a new report published by Allied Market Research, titled, “Building-integrated Photovoltaic Skylights Market by Type, Application, and Construction: Global Opportunity Analysis and Industry Forecast, 2021-2030,” the global building-integrated photovoltaic skylights market was valued at $1.5 billion in 2020 and is expected to reach $5.3 billion by 2030, registering a CAGR of 15.3% from 2021 to 2030. In 2020, Europe dominated the global building-integrated photovoltaic skylights market accounting for nearly one-third share of the market.
๐๐๐ฉ ๐๐ฃ๐จ๐๐๐ ๐๐๐ค๐ค๐ฅ ๐ค๐ ๐ฉ๐๐ ๐ง๐๐ฅ๐ค๐ง๐ฉ, ๐ง๐๐ฆ๐ช๐๐จ๐ฉ ๐๐ค๐ง ๐จ๐๐ข๐ฅ๐ก๐: https://www.alliedmarketresearch.com/request-sample/3255
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐๐ป๐ฎ๐บ๐ถ๐ฐ๐
The increasing demand for BIPV skylights is largely driven by the growing awareness among the public and businesses about the importance of renewable energy sources. Governments around the world are also providing incentives and subsidies to promote the use of renewable energy sources, which is further aiding the growth of the BIPV skylight industry.
BIPV skylights offer a huge potential for energy savings, as they are able to produce electricity from the sun’s rays and reduce the need for grid-supplied electricity. In addition, they are also aesthetically pleasing and can improve the building’s overall appearance. As a result of these benefits, the demand for BIPV skylights is on the rise.
In addition, technological advancements in the field of photovoltaics have made BIPV skylights more efficient, reliable, and cost-effective. This has further boosted the demand for BIPV skylights in the commercial, industrial, and residential sectors.
Limited availability of fossil fuels and implementation of stringent norms by government on reducing carbon emission create strong need for cost-efficient and energy-efficient renewable energy sources such as solar energy, which fuels the growth of the market. In addition, increase in urbanization and industrialization in the emerging countries such as Germany, France, and the U.S. propels the growth of the building-integrated photovoltaic skylights market globally. For instance, degree of urbanization in the U.S. increased by 0.4% from 2017 to 2019.
Rise in disposable income of population and improvement in standard of living foster the adoption of photovoltaic skylights system in residential properties, thereby augmenting the growth of the market. For instance, disposable income of South African population grew by 1.6% from 2019 to 2020. Rise in construction of commercial buildings & industrial buildings is further expected to boost the growth of the market in France. The commercial construction industry in France is expected to reach $227.7 billion by 2024, with a CAGR of 3.8%. These scenarios are favorable for growth of the market in the region during the forecast period.
๐๐๐ ๐ ๐ ๐๐ช๐ง๐๐๐๐จ๐ ๐๐ฃ๐ฆ๐ช๐๐ง๐ฎ: – https://www.alliedmarketresearch.com/purchase-enquiry/3255
๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐ข๐๐๐น๐ผ๐ผ๐ธ
In recent years, the BIPV skylight industry has seen an influx of new players, as well as new products and services. This has increased the competition in the market and has led to innovation and improved quality of products. Companies are now offering BIPV skylights in different sizes, styles, and materials, thus providing customers with more options to choose from.
Rapid development of the residential and commercial industry drives the demand for photovoltaic skylights products such as solar panel, facades, and roof tops, thereby fueling the growth of the global building-integrated photovoltaic skylights market.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ถ๐๐ฒ ๐ฎ๐ป๐ฑ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐
Increase in commercial and residential construction activities drives the growth of the global building-integrated photovoltaic skylights market. In addition, increase in spending on construction and renovation activities in countries such as Germany, the U.S., and Japan fosters the market growth. For instance, the U.S. Government spending on public and private infrastructure activities increased by 20% from 2012 to 2020.
The growth in the residential and commercial construction activities and rise in government support for construction and renovation activities, which fuels the global building-integrated photovoltaic skylights market. In addition, rise in spending on commercial and residential construction activities fuels the demand for photovoltaic skylights, thereby driving the growth of the global building integrated photovoltaic skylights market.
Overall, it is clear that the BIPV skylight industry is experiencing tremendous growth. The industry is expected to continue to grow in the coming years, driven by the increasing demand for renewable energy sources and technological advancements.
๐๐ค ๐๐ช๐ง๐๐๐๐จ๐ ๐ฉ๐๐๐จ ๐๐ง๐๐ข๐๐ช๐ข ๐๐๐ฅ๐ค๐ง๐ฉ: – https://www.alliedmarketresearch.com/checkout-final/69dceb0bd823f04db233cad5aed380e9
๐๐ป๐ฎ๐น๐๐๐ ๐ฅ๐ฒ๐๐ถ๐ฒ๐ –
Increase in spending on residential and commercial construction industry, which supplements the growth of the global building-integrated photovoltaic skylights market. In addition, tourism in various countries such as India, China, and Brazil, which drives the growth of the global building-integrated photovoltaic skylights market. For instance, in Brazil, according to the Worldbank Group, the government increased its allocation toward tourism sector, which is expected to grow at a rate of 1.48% from 1995 to 2028. China and India are expected to witness increase in new construction activities, which is expected to propel the installation of building-photovoltaic skylights market.