Growing efforts to reduce dependence on fossil fuel energy is expected to reflect favorably on the global BIPV glass market in the near future. Moreover, inclination towards self-sustainable buildings is likely to create broader market opportunities over the next couple of years.
As per the latest report published by Transparency Market Research (TMR), the global BIPV glass market is set to register a CAGR of 13.1% during the forecast period (2017-2022). Strong demand continue to support the growth of the market in Europe. In terms of revenue, the region is expected to lead the global BIPV Glass market in 2017, and the trend is projected to grow throughout the forecast period. The BIPV market in Europe is expected to surge at a CAGR of 14.8% during the forecast period. This is primarily due to introduction of new environmental policies that support the adoption of sustainable energy generation and construction solutions. Meanwhile, Asia Pacific excluding Japan (APEJ) and North America are also expected to present lucrative opportunities for market players.
Read the full story at EXPRESS and Transparency Market Research