BIPV ROOFING MARKET ANALYSIS

Bipv Roofing MarketSize and Trends

The global BIPV roofing market size is expected to witness potential gains in the future, and register a significant CAGR of 14.65 % over the forecast period (2019 - 2027).The market was valued at US$ 2.4 billion in 2016, and is estimated to reach US$ 37.26 billion by 2027.

Market Overview

Photovoltaics is a potential renewable energy source. Photovoltaic materials can be used to replace conventional building materials in parts of the building envelope such as the roof, skylights, or facades. These materials are termed as building-integrated photovoltaics (BIPV). BIPV roofing offers a number of potential benefits and is considered a multifunctional technique. It can be used to generate electricity and replace conventional building materials as a significant weather barrier on residential building surfaces. Roofing systems in BIPV include tiles, shingles, standing seam products, and skylights. BIPV may hold potential to increase PV-suitable space on buildings. A complete BIPV system includes PV modules, a charge controller, a power storage system, a power inverter, backup power supplies, and mounting and support hardware.