The report “Foundation, Structure, And Building Exterior Contractors Global Market Report 2021: COVID 19 Impact and Recovery to 2030” has been announced by Reportlinker.com. Avenston Group has been mentioned in this report as an example of companies working on building-integrated photovoltaic (BIPV).
Authors predict a compound annual growth rate (CAGR) of 11.9% – from $732.56 billion in 2020 to $819.43 billion in 2021. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The world market is expected to reach $1062.09 billion in 2025 at a CAGR of 7%.
Contractors are offering building-integrated photovoltaic (BIPV) glazing technology for generation of electricity. BIPV systems consists of solar cells or modules that are integrated into building elements or material as part of the building structure. Traditionally used photovoltaic systems are found on rooftops which have small surface areas. Whereas BIPV photovoltaic cells are integrated directly into cladding materials, shingles or windows enabling almost any building component including the roof, façade, windows, canopies or balcony railings to generate solar electricity. Thus, BIPV installed buildings can self-generate a larger portion of their electricity from a free and clean energy source.
A rapidly growing urban population is expected to increase the demand for new residential and commercial land, during the forecast period. Globally, around 60% of the urban settlements remained to be built. Rapid urbanization is expected to boost the demand for new infrastructure and drive the foundation, structure, and building exterior contractors market during the forecasted period.
Our company designs and builds BIPV systems. Unfortunately, this technology is still not so popular in Ukraine as abroad. But taking into account global trends we can predict the growth of the quantity of BIPV installations in the future. Building integrated PV solutions are good examples of a wise mix of modern architecture and clean energy production. Avenston provides professional services in the field of solar energy and, in particular, the implementation of BIPV technologies.