Market by Technology, Application, Industry Vertical, and Country Outlook | Forecast 2023-2030
According to Triton’s research report, the building integrated photovoltaics market in Latin America is estimated to propel at a CAGR of 17.61% during the forecasted period 2023-2030.
The
countries considered in the region are:
•
Brazil
•
Mexico
• Argentina
• Chile
•
Rest of Latin America
Brazil
captures the largest market share in Latin America. Considering the regional growth, several nations
are thriving to foster the growth of indigenous renewable energy industries.
The governments across Argentina, Brazil, and Chile have introduced Green
Building Council chapters to educate architectural firms, government agencies,
and building contractors about LEED practices. Such programs have the potential
to increase the adoption of PVs across various structures. Hence, the rise in
renewable energy initiatives is expected to widen the scope of the BIPV market.
Considering the low energy density of decentralized
renewable energy plants, the future development of clean energy sources can be
land restricted in Brazil. This is site specific since compatibility with other
land applications depends on factors like population density and agricultural
purposes. Further, the nation is considered ideal for solar energy products due
to ideal solar radiation intensity and large geographic area. In recent years,
the cost of installation has reduced drastically, which has further elevated PV
demand. Therefore, such factors are fueling the market’s growth.
Earlier, Mexico had around 1411 MW of installed
capacity for energy generation by renewable energy sources, representing around
2.6% of the total installed capacity in the nation. As per estimates, the
reliance on fossil fuels for power production will not be enough to meet future
energy demands. With the government witnessing an energy deficit in 2020, the
need for renewable energy sources has soared across the nation. Thus, such
factors are prompting the expansion of the building integrated photovoltaics
market.
In terms of application, the smooth integration
of photovoltaic energy systems with glass and ease of installation have
supported the growth of the glazing category. Several solar-integrated curved
glass structures have gained momentum with urbanization across regions. Thus,
the rise in BIPV glass panels’ adoption influenced manufacturers to expand
product lines to maximize their growth.
The
market’s growth is assessed in terms of application, industry vertical, and
technology. The
application section includes glazing, roofing, architectural shading, and
facades.
Some of the prominent companies in the market
include AGC Inc, Kaneka Corporation, SunPower Corporation, and Saule
Technologies.
AGC Inc is engaged in the manufacturing and
marketing of glass, chemicals, electronic components, and ceramics. The company
provides heat insulating and shielding glass, automotive glass, glass for solar
power systems, fluorinated resins, and oil repellents, among others. It offers
products under brands like Solarshield Tinted, Lacobel, Stopsol, etc. AGC
serves clients across electronics, automotive, construction, and other
industries. It has operations across multiple regions, including Latin America.
Key deliverables of the report:
â—Ź Market CAGR during the forecasting years 2023-2030
â—Ź Detailed data highlighting key insights, industry components, and market strategies
â—Ź Comprehensive information and estimation of the building integrated photovoltaics market revenue growth in Latin America and its influence on the parent market
â—Ź In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
â—Ź
A wide-ranging study of factors that will challenge the LA
building integrated photovoltaics market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. LATIN
AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. PARENT
MARKET ANALYSIS
2.2. IMPACT
ANALYSIS ON THE BUILDING INTEGRATED PHOTOVOLTAICS MARKET
2.2.1. COVID-19
IMPACT ON THE BUILDING INTEGRATED PHOTOVOLTAICS MARKET
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. INDUSTRY
COMPONENTS
2.4.1. COMPONENT
MANUFACTURER
2.4.2. BUILDING
INTEGRATED PHOTOVOLTAIC MANUFACTURERS
2.4.3. END-USERS
2.5. REGULATORY
FRAMEWORK
2.6. KEY
BUYING ANALYSIS
2.6.1. SUPERIOR
TECHNOLOGY
2.6.2. APPLICATION
2.6.3. EFFICIENCY
2.6.4. RELIABILITY
2.7. KEY
MARKET STRATEGIES
2.7.1. COLLABORATIONS
2.7.2. PRODUCT
LAUNCHES
2.7.3. MERGERS
& ACQUISITIONS
2.8. MARKET
DRIVERS
2.8.1. REDUCTION
OF CARBON FOOTPRINT
2.8.2. HIGH
DEMAND FOR ENERGY
2.8.3. GROWING
GOVERNMENT INITIATIVES TO STANDARDIZE INTEGRATED PHOTOVOLTAIC PRODUCTS FOR
BUILDINGS
2.9. MARKET
CHALLENGE
2.9.1. SLOW
GROWTH OF SOLAR ENERGY ACROSS DEVELOPING NATIONS
2.10. MARKET
OPPORTUNITIES
2.10.1. RISE
IN ROOFTOP SOLAR SYSTEMS FOR HOMES AND BUSINESSES
2.10.2. HIGH
EFFICIENCY AND SIGNIFICANT COST REDUCTION IN THE SOLAR PV SEGMENT
2.10.3. RISING
NEED FOR SUSTAINABLE AND CLEAN ENERGY
2.10.4. INCREASE
IN RENEWABLE ENERGY INVESTMENT
2.11. ANALYST
PERSPECTIVE
3. LATIN
AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET – BY TECHNOLOGY
3.1. CRYSTALLINE
SILICON
3.1.1. MONOCRYSTALLINE
3.1.2. POLYCRYSTALLINE
3.2. THIN
FILM
3.3. OTHER
TECHNOLOGIES
4. LATIN
AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET – BY APPLICATION
4.1. ROOFING
4.2. GLAZING
4.3. FACADES
4.4. ARCHITECTURAL
SHADING
5. LATIN
AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET – BY INDUSTRY VERTICAL
5.1. INDUSTRIAL
5.2. COMMERCIAL
5.3. RESIDENTIAL
6. LATIN
AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET – BY COUNTRY OUTLOOK
6.1. BRAZIL
6.1.1. BRAZIL
BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST & PROSPECTS
6.2. MEXICO
6.2.1. MEXICO
BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST & PROSPECTS
6.3. ARGENTINA
6.3.1. ARGENTINA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST & PROSPECTS
6.4. CHILE
6.4.1. CHILE
BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST & PROSPECTS
6.5. REST
OF LATIN AMERICA
6.5.1. REST
OF LATIN AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST &
PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. AGC
INC
7.1.1. OVERVIEW
7.1.2. FINANCIAL
OVERVIEW
7.1.3. PRODUCT
PORTFOLIO
7.1.4. KEY
STRENGTHS
7.1.5. KEY
CHALLENGES
7.2. HELIATEK
7.2.1. OVERVIEW
7.2.2. PRODUCT
PORTFOLIO
7.2.3. KEY
STRENGTHS
7.2.4. KEY
CHALLENGES
7.3. CLEARVUE
TECHNOLOGIES LIMITED
7.3.1. OVERVIEW
7.3.2. FINANCIAL
OVERVIEW
7.3.3. PRODUCT
PORTFOLIO
7.3.4. KEY
STRENGTHS
7.3.5. KEY
CHALLENGES
7.4. WAAREE
ENERGIES LTD
7.4.1. OVERVIEW
7.4.2. FINANCIAL
OVERVIEW
7.4.3. PRODUCT
PORTFOLIO
7.4.4. KEY
STRENGTHS
7.4.5. KEY
CHALLENGES
7.5. KANEKA
CORPORATION
7.5.1. OVERVIEW
7.5.2. FINANCIAL
OVERVIEW
7.5.3. PRODUCT
PORTFOLIO
7.5.4. KEY
STRENGTHS
7.5.5. KEY
CHALLENGES
7.6. TESLA
INC
7.6.1. OVERVIEW
7.6.2. FINANCIAL
OVERVIEW
7.6.3. PRODUCT
PORTFOLIO
7.6.4. KEY
STRENGTHS
7.6.5. KEY
CHALLENGES
7.7. SUNPOWER
CORPORATION
7.7.1. OVERVIEW
7.7.2. FINANCIAL
OVERVIEW
7.7.3. PRODUCT
PORTFOLIO
7.7.4. KEY
STRENGTHS
7.7.5. KEY
CHALLENGES
7.8. SAULE
TECHNOLOGIES
7.8.1. OVERVIEW
7.8.2. PRODUCT
PORTFOLIO
7.8.3. KEY
STRENGTHS
7.8.4. KEY
CHALLENGES
7.9. ERTEX
SOLAR TECHNIK GMBH
7.9.1. OVERVIEW
7.9.2. PRODUCT
PORTFOLIO
7.9.3. KEY
STRENGTHS
7.9.4. KEY
CHALLENGES
7.10. METSOLAR
7.10.1. OVERVIEW
7.10.2. PRODUCT
PORTFOLIO
7.10.3. KEY
STRENGTHS
7.10.4. KEY
CHALLENGES
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $
MILLION)
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: LIST OF
COLLABORATION
TABLE 4: LIST OF
PRODUCT LAUNCHES
TABLE 5: LIST OF
MERGERS & ACQUISITIONS
TABLE 6: KG/BILLIONS OF
CO2 EMITTED PER MILLION BTU OF ENERGY BY FUEL
TABLE 7: SHARE OF
POPULATION WITH ACCESS TO ELECTRICITY IN 2020 (IN %)
TABLE 8:
BUILDING-INTEGRATED PHOTOVOLTAIC (BIPV) PATENTS SHARE, BY COMPANY, 2021 (IN %)
TABLE 9: LATIN AMERICA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY TECHNOLOGY, 2023-2030 (IN $
MILLION)
TABLE 10: LATIN AMERICA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, 2023-2030 (IN
$ MILLION)
TABLE 11: LATIN AMERICA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY APPLICATION, 2023-2030 (IN $
MILLION)
TABLE 12: LATIN AMERICA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY INDUSTRY VERTICAL, 2023-2030 (IN $
MILLION)
TABLE 13: LATIN AMERICA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $
MILLION)
TABLE 14: AGC INC -
COMPANY OPERATING EXPENSES & EBITDA IN 2019-2021 (IN $ BILLION)
FIGURE 1: PARENT MARKET
FLOWCHART FOR BIPV
FIGURE 2: INDUSTRY
COMPONENTS
FIGURE 3: KEY BUYING
ANALYSIS
FIGURE 4: BIPV
STAKEHOLDERS’ ECOSYSTEM
FIGURE 5: PATENTS
PUBLISHED ON BIPV TECHNOLOGIES 2017-2022 (NUMBER)
FIGURE 6: BIPV PATENT
SHARES, BY ASSIGNEE COUNTRY, 2021 (IN %)
FIGURE 7: LATIN AMERICA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY TECHNOLOGY, 2022 & 2030 (IN %)
FIGURE 8: LATIN AMERICA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, 2023-2030 (IN
$ MILLION)
FIGURE 9: LATIN AMERICA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, 2022 &
2030 (IN %)
FIGURE 10: LATIN
AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY MONOCRYSTALLINE, 2023-2030
(IN $ MILLION)
FIGURE 11: LATIN
AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY APPLICATION, 2022 &
2030 (IN %)
FIGURE 12: LATIN
AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY ROOFING, 2023-2030 (IN $
MILLION)
FIGURE 13: LATIN
AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY GLAZING, 2023-2030 (IN $
MILLION)
FIGURE 14: LATIN
AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY FACADES, 2023-2030 (IN $
MILLION)
FIGURE 15: LATIN
AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY ARCHITECTURAL SHADING,
2023-2030 (IN $ MILLION)
FIGURE 16: LATIN
AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY INDUSTRY VERTICAL, 2022
& 2030 (IN %)
FIGURE 17: LATIN
AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY INDUSTRIAL, 2023-2030 (IN
$ MILLION)
FIGURE 18: LATIN
AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY COMMERCIAL, 2023-2030 (IN
$ MILLION)
FIGURE 19: LATIN
AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY RESIDENTIAL, 2023-2030 (IN
$ MILLION)
FIGURE 20: LATIN
AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, COUNTRY OUTLOOK, 2022 &
2030 (IN %)
FIGURE 21: BRAZIL
BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 22: MEXICO
BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 23: ARGENTINA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 24: CHILE
BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 25: REST OF
LATIN AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 26: AGC INC -
COMPANY REVENUE IN 2019-2021 (IN $ BILLION)
FIGURE 27: AGC INC -
COMPANY NET INCOME IN 2019-2021 (IN $ BILLION)
FIGURE 28: AGC INC -
COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE 29: CLEARVUE
TECHNOLOGIES LIMITED - COMPANY REVENUE IN 2019-2021 (IN $ MILLION)
FIGURE 30: WAAREE
ENERGIES LTD - COMPANY REVENUE IN 2019-2021 (IN $ MILLION)
FIGURE 31: WAAREE
ENERGIES LTD - COMPANY NET INCOME IN 2019-2021 (IN $ MILLION)
FIGURE 32: KANEKA
CORPORATION - COMPANY REVENUE IN 2019-2021 (IN $ MILLION)
FIGURE 33: KANEKA
CORPORATION - COMPANY SALES, BY BUSINESS SEGMENT, IN 2021 (IN %)
FIGURE 34: KANEKA
CORPORATION - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE 35: TESLA INC -
COMPANY REVENUE IN 2019-2021 (IN $ MILLION)
FIGURE 36: TESLA INC -
COMPANY SALES, BY BUSINESS SEGMENT, IN 2021 (IN %)
FIGURE 37: TESLA INC -
COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE 38: SUNPOWER
CORPORATION - COMPANY REVENUE IN 2019-2021 (IN $ MILLION)
FIGURE 39: SUNPOWER
CORPORATION - COMPANY SALES, BY BUSINESS SEGMENT, IN 2021 (IN %)