Published on : Jun 19, 2017
Albany, New York, June 19, 2017: The report furnishes crucial information on the size of the market, the prevailing competitive dynamics in it and attempts to figure its prospects going forward. The report forecasts the global market for building-integrated photovoltaic skylights to expand at a robust 10.16% CAGR from 2017 to 2021.
Building-integrated photovoltaic is a photovoltaic material that is fast supplanting traditional building materials. Its unique selling point is that it integrates solar energy with building designs. Building-integrated photovoltaic used in different parts of buildings, namely facades, roofs, and skylights to harness the energy of the sun and helps generate electricity cost-effectively. The technology can either is installed during the construction of a new building or while retrofitting an existing building.
New business models centered on renewables are gaining traction on account of more private bodies foraying into power generation and distribution. This is said to be a prime driver of the market for building-integrated photovoltaic skylights. Utility companies trying to find new revenue streams on account of low returns from the conventional utility projects are leveraging new business models such as the competitive distributed generation model.
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Besides, the growing popularity of community solar gardens has also been catalyzing growth in the market for building-integrated photovoltaic skylights. The community solar garden (CSG) is shared by two or more subscribers such as homeowners, renters, businesses, schools, condo owners, and government buildings. They need less investments to be made on energy, cost less, and allow a group of condo dwellers, homeowners, renters, and businesses to share the benefits of a single solar installation.
Depending upon the type of panels, the report segments the global market for building-integrated photovoltaic skylights into crystalline panel type and thin-film panel type. Among the two, the crystalline panel segment holds a dominant share in the market because of their increased energy efficiency, low deposit cost, and low production cost.
Some of the main end users listed in the report are commercial, residential, and industrial sectors. Of them, the commercial sector accounts for a leading share in the market owing to stringent regulations framed by governments of various nations that have forced them to implement energy management system (EMS) and building-integrated photovoltaic skylight technologies to enhance the overall building efficiency.
Geographically, the key segments studied in the report are the Americas, the Europe, Middle East, and Africa, and the Asia Pacific. Some of the dominant players in the global market for building-integrated photovoltaic skylight market listed in the report are Onyx Solar Energy, Super Sky Products, Polysolar, EnergyGlass, and ML System.
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