China Building Integrated Photovoltaics Market Forecast 2023-2030

China Building Integrated Photovoltaics Market Forecast 2023-2030KEY FINDINGS

The China building integrated photovoltaics market is set to grow with a CAGR of 15.96% over the forecasted years of 2023-2030. The market growth of the country is fuelled by the presence of global distribution channels as well as state-of-the-art technology, the growing shift toward renewable energy, and the high rates of air pollution.

MARKET INSIGHTS

China formulated a policy requiring all new buildings and constructions to adhere to Chinese-specific energy guidelines modeled after LEED specifications. This policy is combined with a recent government initiative for the rebuilding of 50% of the residential high-rise buildings in order to make them modern, more energy-efficient, and functional. Moreover, this was the result of the country’s relentless buildout of a replacement program for high-rise residential buildings, constructed as China first grew to prominence as an economic power and stirred a half billion people into speedily built factory cities.

On the other hand, China is initiating significant building construction programs for both urban corporate skyscrapers as well as residential high-rises. Furthermore, the nation’s population is also accepting of government-mandated inclusions of solar, excluding a near-ubiquity of passive solar thermal water heating systems installed in older buildings. As a result, these factors are anticipated to proliferate the China building integrated photovoltaics market growth during the forecast period.

COMPETITIVE INSIGHTS

Key companies operating in the market are Suntech Power Co Ltd, Kaneka Corporation, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments