Solar PV Mounting Systems Market Analysis

In-depth Analysis of Solar PV Mounting Systems Market Industry Landscape

GROWING TREND OF BUILDING-INTEGRATED PV SYSTEMS A building integrated photovoltaic (BIPV) system is the modern solution for generating electricity from a building. It is the integration of solar PV mounting system into the building envelopes that synchronize the architectural and technological aspects along with generating solar energy for meeting the power demand of the building. As construction activities have been increasing rapidly across the globe, multistoried buildings have been the center of attraction in densely populated areas. Such buildings provide the best solutions for BIPV buildings as the ratio of facade surface area to roof surface area increases along with the building height. A complete BIPV system includes PV modules, battery storage systems, solar inverters, which convert direct current to alternating current, stand-alone or utility connected wiring systems, appropriate mounting structure, and other hardware. The benefits of BIPV construction include power generation for meeting the commercial and residential demands, preventing electricity losses that are involved in transmission and distribution, and saving electricity from peak shavings. Furthermore, technological advancements are making BIPV a promising trend in the market. Current approaches for reducing carbon emissions in buildings drive the integration of renewable technologies into building projects. Solar PV mounting structures play a significant role in BIPV construction, and a growth in the number of such buildings is expected to present a lucrative growth opportunity for the market players operating in the global solar PV mounting systems market.