BIPV and BIOPV Market To Cross $31.14 Billion By 2024 | Key Industry Players AGC Solar, BIPV Ltd.10/25/2018 San Francisco, 25 October 2018 - The global BIPV and BIOPV market size is expected to reach USD 31.14 billion by 2024, according to a new report by Grand View Research, Inc. Rising adoption of energy generation by renewable sources without comprising on the aesthetic appeal of buildings is expected to drive growth over the forecast period.
Increasing demand for integrated installations is expected to be driven by the growing disposable income of the consumers. In addition, rising concerns regarding averse environmental impact due to the use of non-renewable energy sources are likely to account for the growth of the industry over the next eight years. The industry has witnessed increased adoption of the environment-friendly energy sources by the multi-national corporations to limit the carbon footprints. In addition, growing subsidies and tax reductions offered by the national governments is expected to bolster the demand for the product. The demand for the product has stemmed from the increased adoption of the integrated roofs, walls and windows owing to superior aesthetic properties. In addition, the industry has witnessed increased efforts towards the research & development activities leading to the development of magnetic nanoparticles incorporated solar cells, leading to an enhanced efficiency of the overall installation. Full Research Report On Global BIPV And BIOPV Market By Grand View Research: www.grandviewresearch.com/industry-analysis/building-integrated-photovoltaics-bipv-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/renewable-energy Grand View Research has segmented the global BIPV market on the basis of technology, application, end-use and region: Technology Outlook (Revenue, USD Million, 2013 - 2024)
www.grandviewresearch.com/press-release/global-building-integrated-photovoltaics-bipv-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
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