Report : Europe Building Integrated Photovoltaics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Colored and Regular), Type (Monocrystalline, Polycrystalline, and Thinflim), Application (Roofs, Walls, Glass, Façade, and Others), and End Use (Commercial, Residential, and Industrial)
Monocrystalline Segment to Dominate Europe Building Integrated Photovoltaics Market during 2019–2028
According to a new market research study on “Europe Building Integrated Photovoltaics Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Technology, Type, Application, and End Use,” is expected to reach US$ 5,048.35 million by 2028 from US$ 1,694.34 million in 2021. The market is estimated to grow at a CAGR of 16.9% from 2021 to 2028. Rise in strategic initiatives by key players are the major factor driving the growth of the Europe building integrated photovoltaics market. However, low uptake across developing countries may hinder the growth of Europe building integrated photovoltaics market. The report provides trends prevailing in the Europe building integrated photovoltaics market along with the drivers and restraints pertaining to the market growth.
The Europe building integrated photovoltaics market is segmented into technology, type, application, end use, and country. Based on technology, the market is bifurcated into colored and regular. The regular segment accounted for a larger share in 2020. In terms of type, the market is segmented into monocrystalline, polycrystalline, and thinfilm. The monocrystalline segment accounted for the largest share of the market in 2020. Based on application, the market is segmented into roofs, walls, glass, façade, and others. The façade segment accounted for the largest share in 2020. Based on end use, the Europe building integrated photovoltaics market is segmented into residential, commercial, and industrial. The residential segment accounted for the highest share in the Europe building integrated photovoltaics market in 2020. Similarly, based on country, the market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany contributed a substantial share in 2020.
AGC Inc., ASCA SAS, ClearVue Technologies Limited, ertex solartechnik GmbH, Heliatek, ISSOL sa, MetSolar, Onyx Solar Group LLC, and Saule Technologies are among the leading companies in the Europe building integrated photovoltaics market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Soltech is getting a new lease on life thanks to AGC Glass Europe. The IMEC spin-off, which specializes in building-integrated photovoltaics (BIPV). The AGC is putting US$2.06 million (€1.9 million) into the project. It will manufacture custom solar panels for roofing, canopies, glazing, and acoustic screens, as well as solar modules for vehicles. Collaboration with Energyville, imec, IMMOMEC, and UHasselt at the existing production site in Tienen (Belgium). In the Thor Park in Genk, there are plans in the works for a completely new production facility. The end of 2022 is set for the completion of this high-tech business campus, which is being developed by LRM, the City of Genk, and KU Leuven.
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