TechNavio, a tech-focused research firm, has published a new report on the Global Building Integrated Photovoltaic (BIPV) Market, which is expected to grow at a CAGR of 15.4 percent from 2014-2019.
The latest report from TechNavio emphasizes concerns over hazardous greenhouse gas emission and their environmental impact as a major market growth driver in this segment. Solar energy, being the most abundant source of renewable energy, is extensively used for power generation.
The consumption of solar energy has increased tremendously in recent years, due to the rising costs of fossil fuels and the pressing need to reduce emissions.
“Increased awareness about the capabilities of building integrated photovoltaics and use of solar energy has increased the demand for photovoltaic installations worldwide,” says Faisal Ghaus, Vice President of TechNavio.
The new report also highlights the growing focus on BIPV systems, which help facilitate energy management, thereby increasing cost savings. The installation of these systems can also lead to a building being certified as green or eco-friendly.
“Installation of BIPV systems attract good incentives from governments, as these systems help encourage use of alternative energy sources,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
- Photovoltaic Industry in China 2015-2019
- Global Solar Concentrated Photovoltaic Market 2014-2018
About TechNavio
TechNavio is a leading global technology research and advisory company.
Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at media@technavio.com.
