Market by Technology, Application, Industry Vertical, and Country Outlook | Forecast 2023-2030
Triton’s research report infers that the building integrated photovoltaics market in the Middle East and Africa is anticipated to advance with a CAGR of 17.47% in value during the forecasting years 2023-2030.
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The
countries assessed in the region comprise:
•
United Arab Emirates
•
Saudi Arabia
•
Turkey
• Egypt
•
South Africa
•
Rest of Middle East & Africa
South
Africa holds the highest shares in the building integrated photovoltaics market. Governments across the region are taking
several measures to accelerate green building projects. In this regard,
single-ply roofs are expected to gain momentum across hot climates, especially
in the Middle East. The countries like UAE, Dubai, and Saudi Arabia have
various plants for the development of BIPV. Dubai, for instance, is known for
Masdar city, with megawatts of solar power in buildings. Therefore, these
factors supplement the development of the BIPV market across the region.
South Africa has witnessed significant growth in
the building industry, with over 2.5 million housing units built due to
government initiatives. This has elevated the chances for the adoption of
energy-saving techniques and renewable energy technology in new construction projects.
In recent years, utilities and private homeowners have accepted renewable
energy technologies as a grid supply supplement. In this regard, photovoltaics
emerges as an ideal energy source that can significantly contribute to the
household power supply. Hence, as stated above, these factors accelerate the
building integrated photovoltaics market’s development.
Further, commercial buildings account for around
15% of the total energy consumption in Saudi Arabia. This indicates that the
power consumption level has soared immensely over the last two decades and is
expected to rise further over the forecast period. In view of the above
scenario, the nation is inclined towards adopting sustainable, comprehensive
strategies to meet the growing power demand. Thus, such developments are
expected to create opportunities for the building integrated photovoltaics
market across Saudi Arabia.
The new constructions and refurbishment works
are expected to elevate the adoption of BIPVs in the commercial sector. Other than
this, the rise in well-defined regulatory frameworks is expected to increase
photovoltaic installation in commercial buildings for energy efficiency. The BIPV market is sectioned into
application, technology, and industry vertical. In terms of industry
vertical, it is divided into commercial, industrial, and residential.
The
renowned companies in the market comprise ClearVue Technologies Limited, Waaree
Energies Ltd, Kaneka Corporation, Tesla Inc, SunPower Corporation, and Saule
Technologies.
ClearVue Technologies Limited specializes in
building integrated photovoltaics. Along with this, the company develops
advanced glass technology that generates electricity from windows. Its product
line includes insulated glass units, lamination interlayers, etc. Its patented
nano and microparticles and spectrally selective coating on the IGU’s surface
are among the major technologies used for BIPV applications. The company serves
clients across multiple industries across the globe.
Key deliverables of the report:
● Market CAGR during the forecasting years 2023-2030
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the building integrated photovoltaics market revenue growth in the Middle East and Africa and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the Middle
East and Africa 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. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET - BY APPLICATION
4.1. ROOFING
4.2. GLAZING
4.3. FACADES
4.4. ARCHITECTURAL
SHADING
5. MIDDLE
EAST AND AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET - BY INDUSTRY VERTICAL
5.1. INDUSTRIAL
5.2. COMMERCIAL
5.3. RESIDENTIAL
6. MIDDLE
EAST AND AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET - BY COUNTRY OUTLOOK
6.1. UNITED
ARAB EMIRATES
6.1.1. UNITED
ARAB EMIRATES BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST & PROSPECTS
6.2. SAUDI
ARABIA
6.2.1. SAUDI
ARABIA BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST & PROSPECTS
6.3. SOUTH
AFRICA
6.3.1. SOUTH
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST & PROSPECTS
6.4. EGYPT
6.4.1. EGYPT
BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST & PROSPECTS
6.5. TURKEY
6.5.1. TURKEY
BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST & PROSPECTS
6.6. REST
OF MIDDLE EAST AND AFRICA
6.6.1. REST
OF MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND
AFRICA 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: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY TECHNOLOGY, 2023-2030 (IN $
MILLION)
TABLE 10: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, 2023-2030
(IN $ MILLION)
TABLE 11: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY APPLICATION, 2023-2030 (IN
$ MILLION)
TABLE 12: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY INDUSTRY VERTICAL,
2023-2030 (IN $ MILLION)
TABLE 13: MIDDLE EAST
AND AFRICA 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: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY TECHNOLOGY, 2022 & 2030
(IN %)
FIGURE 8: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON,
2023-2030 (IN $ MILLION)
FIGURE 9: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, 2022
& 2030 (IN %)
FIGURE 10: MIDDLE EAST
AND AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY MONOCRYSTALLINE,
2023-2030 (IN $ MILLION)
FIGURE 11: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY APPLICATION, 2022 &
2030 (IN %)
FIGURE 12: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY ROOFING, 2023-2030 (IN $
MILLION)
FIGURE 13: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY GLAZING, 2023-2030 (IN $
MILLION)
FIGURE 14: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY FACADES, 2023-2030 (IN $
MILLION)
FIGURE 15: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY ARCHITECTURAL SHADING, 2023-2030
(IN $ MILLION)
FIGURE 16: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY INDUSTRY VERTICAL, 2022
& 2030 (IN %)
FIGURE 17: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY INDUSTRIAL, 2023-2030 (IN $
MILLION)
FIGURE 18: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY COMMERCIAL, 2023-2030 (IN $
MILLION)
FIGURE 19: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY RESIDENTIAL, 2023-2030 (IN
$ MILLION)
FIGURE 20: MIDDLE EAST AND
AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, COUNTRY OUTLOOK, 2022 &
2030 (IN %)
FIGURE 21: UNITED ARAB
EMIRATES BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 22: SAUDI ARABIA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 23: SOUTH AFRICA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 24: EGYPT
BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 25: TURKEY
BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 26: REST OF
MIDDLE EAST AND AFRICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $
MILLION)
FIGURE 27: AGC INC -
COMPANY REVENUE IN 2019-2021 (IN $ BILLION)
FIGURE 28: AGC INC -
COMPANY NET INCOME IN 2019-2021 (IN $ BILLION)
FIGURE 29: AGC INC -
COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE 30: CLEARVUE
TECHNOLOGIES LIMITED - COMPANY REVENUE IN 2019-2021 (IN $ MILLION)
FIGURE 31: WAAREE
ENERGIES LTD - COMPANY REVENUE IN 2019-2021 (IN $ MILLION)
FIGURE 32: WAAREE
ENERGIES LTD - COMPANY NET INCOME IN 2019-2021 (IN $ MILLION)
FIGURE 33: KANEKA
CORPORATION - COMPANY REVENUE IN 2019-2021 (IN $ MILLION)
FIGURE 34: KANEKA
CORPORATION - COMPANY SALES, BY BUSINESS SEGMENT, IN 2021 (IN %)
FIGURE 35: KANEKA
CORPORATION - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE 36: TESLA INC -
COMPANY REVENUE IN 2019-2021 (IN $ MILLION)
FIGURE 37: TESLA INC -
COMPANY SALES, BY BUSINESS SEGMENT, IN 2021 (IN %)
FIGURE 38: TESLA INC -
COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE 39: SUNPOWER
CORPORATION - COMPANY REVENUE IN 2019-2021 (IN $ MILLION)
FIGURE 40: SUNPOWER
CORPORATION - COMPANY SALES, BY BUSINESS SEGMENT, IN 2021 (IN %)