Global Solar Power Window Market Analysis of Growth, Trends & Forecasts 2018-2023

DUBLIN–(BUSINESS WIRE)–Aug 3, 2018–The “Global Solar Power Window Market – Analysis of Growth, Trends and Forecasts (2018 – 2023)” report has been added to ResearchAndMarkets.com’s offering.

The presence of a large number of skyscrapers makes rooftop solar power systems unviable. However, the windows of these tall buildings have the potential to be converted into solar power panels, which can produce at least a third of the buildings’ power requirement.

The return on investment of the solar power windows is expected to be about two years. As of 2018, most of the other types of renewable technologies have a return on investment between five to ten years, and sometimes as high as twenty years in some cases, this technology has more potential for deployment. The solar power windows are about 40{0b7da518931e2dc7f5435818fa9adcc81ac764ac1dff918ce2cdfc05099e9974} costlier than the conventional solar control window films.

The Asia-Pacific region is one of the potential markets for solar power windows, as the construction sector is one of the major end-user industries for solar power windows. With consistent economic growth in the Asia-Pacific countries, coupled with growing tourism and improving business potential, the demand for infrastructure in countries, such as India, China, Malaysia, and Indonesia, is growing at a significant rate.

China is the largest building construction market in the world, with up to 2 billion square meters constructed annually. China’s 13th Five Year Plan for Building Energy Efficiency and Green Building Development includes aggressive goals for green building construction and renovation, including a requirement for 50{0b7da518931e2dc7f5435818fa9adcc81ac764ac1dff918ce2cdfc05099e9974} of all new urban buildings to be certified green buildings. The plan also specifies pilot programs for constructing and renovating energy efficient buildings.

Companies Mentioned

Brite Solar
EnergyGlass
Onyx Solar Energy S.L
Physee
Polysolar
Solar Infra Systems
Solar Window Technologies Inc.
SolarGaps
Solaria Corporation
Ubiquitous Energy Inc.

Key Topics Covered: