MARKET OVERVIEW

The China building integrated photovoltaics market is expected to progress with a CAGR of 15.96% during the projection period of -, acquiring a revenue share of $.95 by . 

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The country’s market growth is strengthened by key drivers, such as the high rates of air pollution, the growing shift toward renewable energy, as well as the presence of global distribution channels and state-of-the-art technology.

China has emerged as the largest consumer of new wind turbines as well as solar capacity globally and produces nearly 80% of the world’s photovoltaic modules. The country’s shift to renewables has enabled the government to shut down thousands of old coal-fired power plants, in addition to strongly engaging in the process of minimizing the high rates of air pollution. Furthermore, since the expansion of large PV power plants and the development of wind energy in China, there has been a rising emphasis on bringing PV into the construction environment. This trend is particularly prevalent in Shanghai and Dezhou, the new ‘Solar City,’ replacing Yunnan and featuring a significant fleet of rooftop solar water heaters.

On the other hand, China is also introducing programs in order to provide hundreds of thousands of small, state-built houses in rural regions with solar power. For instance, a policy in Shanghai asserts that every building must have a green roof, with all structures in the country encouraged to substantially reduce their energy consumption footprint. Additionally, owing to the nation’s goal of becoming a carbon-neutral economy by , the government is raising the solar power generation and is also expecting to add over 600 GW of solar power generation capacity by the year . Therefore, these factors are projected to augment the building integrated photovoltaics market growth in China during the forecast period. 

The China building integrated photovoltaics market is segmented into technology, application, and end-user. The application segment includes roofing, facades, glazing, and architectural shading. The seamless integration of photovoltaic energy systems with glass, coupled with the ease of installation, plays an essential role in the growth of the glazing segment. 

Moreover, as the world continues to become more urbanized, several solar-integrated curved glass structures are being constructed, primarily on account of their ability to absorb a greater concentration of sun rays. Hence, the growing adoption of building integrated photovoltaic glass panels is influencing BIPV manufacturers to invest in developing novel products over the upcoming years. 

Some of the top enterprises operating in the China building integrated photovoltaics market include Kaneka Corporation, Suntech Power Co Ltd, etc.

Suntech Power Co Ltd, headquartered in China, is a photovoltaic manufacturer concentrating on research & development (R&D) as well as the production of crystalline silicon solar cells and modules. With a geographical presence in over 100 countries, the company holds more than 600 authorized patents in the solar industry and also offers BIPV for commercial and residential applications. Furthermore, Suntech Power’s cumulative historical solar shipments exceed 30 GW. 

Suntech Ultra V Pro products utilize 182 mm large N-type silicon wafers, coupled with cell efficiency of more than 24.5%. Also, it has near zero-LID performance, which significantly improves module power.

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – BUILDING INTEGRATED PHOTOVOLTAICS

TABLE 2: BUILDING-INTEGRATED PHOTOVOLTAIC (BIPV) PATENTS SHARE, BY COMPANY, (%)

TABLE 3: KG/BILLIONS OF CO2 EMITTED PER MILLION BTU OF ENERGY, BY FUEL

TABLE 4: SHARE OF POPULATION WITH ACCESS TO ELECTRICITY, IN (IN%)

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TABLE 5: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY TECHNOLOGY, HISTORICAL YEARS, - (IN $ MILLION)

TABLE 6: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY TECHNOLOGY, FORECAST YEARS, - (IN $ MILLION)

TABLE 7: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, HISTORICAL YEARS, - (IN $ MILLION)

TABLE 8: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, FORECAST YEARS, - (IN $ MILLION)

TABLE 9: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY APPLICATION, HISTORICAL YEARS, - (IN $ MILLION)

TABLE 10: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY APPLICATION, FORECAST YEARS, - (IN $ MILLION)

TABLE 11: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY END-USER, HISTORICAL YEARS, - (IN $ MILLION)

TABLE 12: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY END-USER, FORECAST YEARS, - (IN $ MILLION)

TABLE 13: LIST OF ACQUISITIONS

TABLE 14: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 15: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 16: AGC INC- COMPANY OPERATING EXPENSES & EBITDA, IN - (IN $ BILLION)

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