Global Building-Integrated Photovoltaic Skylights Market to Grow at a CAGR of More Than 10%: Technavio

LONDON–(BUSINESS WIRE)–#Construction–According to the latest market study released by Technavio,
the global
building-integrated photovoltaic skylights market is expected to
reach USD 163.68 million by 2021, growing at a CAGR of more than 10%.

This research report titled ‘Global
Building-integrated Photovoltaic (BIPV) Skylights Market 2017-2021’
provides an in-depth analysis of the market in terms of revenue and
emerging market trends. This market research report also includes up to
date analysis and forecasts for various market segments and all
geographical regions.

The demand for BIPV skylights is rising due to the increasing
investments in solar development projects, and significant growth across
the globe. The global BIPV skylights market will show a steady growth
during the forecast period. This market is in its emerging stage, and
many countries are investing in various technologies and products that
make up the market. These smart energy technologies are reducing carbon
footprints in the environment. They are also providing users with
increased comfort and facilitating energy and cost saving.

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Technavio’s heavy
industry research analysts categorize the global
building-integrated photovoltaic skylights market into the following
segments by end-user. They are:

• Commercial sector
• Residential sector
• Industrial sector

Commercial sector

The commercial sector is the major end-user of BIPV skylights. This
sector includes office buildings, warehouses, restaurants, and retail
spaces. It is estimated that about 23.45% of the energy used in
commercial buildings is wasted. Therefore, with increased government
initiatives, developers of commercial buildings are implementing EMS
(energy management system) and BIPV technologies to improve the overall
building efficiency.

According to Gaurav Mohindu, a lead construction
research analyst from Technavio, “Government initiatives such as the
Better Buildings initiative in the US aim at improving the energy
efficiency of commercial buildings. This initiative calls for increasing
the energy efficiency of commercial buildings by 20% by 2020.”

Residential sector

This segment represents the demand for BIPV skylights from residential
structures, including apartments, bungalows, elderly person’s homes,
residential outlines, student accommodation, and sheltered housing. At
present, the residential sector accounts for a small share of the global
BIPV skylights market. This is because the cost of BIPV skylight systems
is on the higher side for a homeowner to be able to afford easily.

“The increasing urban population has contributed to an increasing
consumption of energy. Individuals are also focusing on deploying smart
and trendy energy-savings options. The growing focus on smart cities
will attract many BIPV vendors. This is also expected to drive the
integration of BIPV solar panels in smart buildings,” says Amit.

Industrial sector

This segment represents the demand for BIPV skylights in several
manufacturing facilities such as factories, assembly plants, iron and
steel mills, glassworks facilities, and other industrial buildings. One
of the most effective methods of reducing energy use in manufacturing
facilities is the use of solar energy by harnessing it.

One of the advantages of BIPV systems is that they ensure constant power
supply, which helps in revenue generation. This segment is anticipated
to grow with the development of the global BIPV market by the upstream
industrial segment.

The top vendors highlighted by Technavio’s research analysts in this
report are:

• Onyx Solar Energy
• Polysolar
• Super Sky Products
• ML System
• EnergyGlass

Browse Related Reports:

• Global
  Concrete Pump Market 2017-2021
• Global
  Waterproofing Membranes Market 2017-2021
• Elevator
  and Escalator Market in Germany 2017-2021

Become a Technavio
Insights member and access all three of these reports for a
fraction of their original cost. As a Technavio Insights member, you
will have immediate access to new reports as they’re published in
addition to all 6,000+ existing reports covering segments like engineering
tools, tools
and components, and unit
operations. This subscription nets you thousands in savings,
while staying connected to Technavio’s constant transforming research
library, helping you make informed business decisions more efficiently.

About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

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 [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 630 333 9501
UK: +44 208 123 1770
www.technavio.com