Building Integrated Photovoltaics Market Research Report - Global Forecast till 2030

Building Integrated Photovoltaics Market Research Report: Information by Product (Roofs, Wall Integrated Solution, Glass, Façade and Others), Application (Industrial Buildings, Commercial Buildings and Residential Buildings), Technology (Crystalline Silicon and Thin Film Technologies) and Region - Forecast till 2030

ID: MRFR/E&P/8535-HCR | February 2021 | Region: Global | 111 pages

Building Integrated Photovoltaics Market overview


According to the latest research report, The Building Integrated Photovoltaics Market size is expected to reach USD 40.82 Billion by 2026, growing at a 17.93% CAGR between 2020 and 2026.


Building-integrated photovoltaics (BIPVs) are solar power producing components utilised in the construction of building facades, roofs, and skylights. In general, these components comprise photovoltaic module integration, a backup generators supply system, a charge controller, a power storage system, and other supporting gear. BIPV materials outperform their traditional equivalents in numerous ways, including onsite power production, zero emissions, high energy saving, improved architectural incorporation, and optimum shading. Furthermore, by replacing gable roof membranes, skylight glass, façade cladding, and so on, BIPVs assist to reduce labour and installation costs. Because of these advantages, building integrated photovoltaic materials are widely used in the corporate, domestic, and manufacturing industries.


National governments' growing efforts to instal solar energy panels are expected to boost the industry during the next seven years. The greater awareness of infrastructure development, particularly energy-efficient buildings, is projected to increase demand for building-integrated photovoltaics (BIPV). BIPV is a long-term and cost-effective option for improving the structure's fuel efficiency, retrofitting the structure's façade, and offering considerable savings in conventional power usage. Furthermore, greater consumer conscious of the health benefits of BIPV has resulted in increased household adoption of solar energy harvesting systems. Aside from that, the introduction of favourable government regulations backed up by a number of efforts stressing the need to reduce carbon footprints has spurred worldwide demand for building-integrated photovoltaics market growth.


This report contains all the information on the global Building Integrated Photovoltaics Market value and strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global Building Integrated Photovoltaics Market outlook and forecast for 2027 is also included in the report.


Covid 19 Analysis


There is no market in the planet that has not been impacted by the present epidemic. The COVID-19 epidemic has affected several businesses, including the worldwide Building Integrated Photovoltaics industry. To battle the epidemic, the government and nations have implemented a number of severe measures, such as lockdowns and modifications to a few industrial regulations, to assist various enterprises in remaining competitive.


Major Key Players



  •         Scheuten Solar (The Netherlands) Wurth Solar (Germany)

  •         Dow Solar (US)

  •         Suntench Power (China)

  •         Belectric (Germany)

  •         Carmanah Technologies Corporation (Canada)

  •         Dyesol Ltd. (Australia)

  •         Hanergy Holding Group Limited (China)

  •         Ertex Solartechnik GmbH (Germany)

  •         Canadian Solar Inc. (Canada)

  •         Tesla Inc. (US)

  •         NanoPV Solar Inc. (US)

  •         Solaria Corporation (US)

  •         ML System (Poland).


Market Dynamic



  •         Drivers


The growing integration of solar energy solutions in commercial structures for architectural optimization and energy saving can be linked to the increased demand for building integrated photovoltaic materials. Furthermore, rising environmental worries about the depletion of non-renewable energy supplies such as oil, coal, and others have increased competition for solar power generation. Furthermore, a dramatic rise in the design and construction sectors, as well as an increased emphasis on clean energy, have driven demand for green or zero-emission structures.



  •         Opportunities


Futuristic breakthroughs in mainstream solar and other related technologies are anticipated to increase investor trust in the industry, resulting in increased investment for R&D operations. Technology start-ups are likely to enter the market for developing integrated photovoltaics and use innovative and current technology with proven characteristics. Existing suppliers will continue to update their product portfolios. Thus, over the predicted period, new and efficient solar panels will provide opportunities.



  •         Restraints


One of the key constraints of the BIPV industry is the falling cost and increasing technology of rooftop solar PV, which is significantly faster than that of BIPV, resulting in the majority of customers preferring rooftop solar over BIPV.



  •         Challenges


The absence of uniformity in photovoltaic tiles is posing a challenge to the sharp growth in demand for BIPV roof solutions. Because of the slanting roof designs, the roof goods have a great potential in Major nations. Thin-film BIPV and facade applications, on the other hand, are more prevalent in APAC and MEA areas where the roof design is typically flat.


Cumulative Growth Analysis


In recent years, the European Union, the United States, and other developed nations have moved their attention considerably toward net-zero-energy building design or construction (or nearly zero energy building). Furthermore, numerous goals and targets for implementing zero-energy buildings have either been declared or are being considered and suggested at the worldwide level. This, in turn, is projected to provide considerable future possibilities for BIPV technology vendors. Europe dominated the global market due to the region's clean energy ambitions and the lofty standards established to guarantee that all new buildings utilize very little net energy by 2020, giving rise to the term "nearly zero-energy building" or nZEB.


The crystalline module is the most common solar photovoltaic (PV) technology utilized in the BIPV industry. Aside from that, traditional solar technology based on crystalline silicon accounts for more than 80% of the solar business. As the most developed and commonly used material for BIPV, crystalline silicon is employed in the majority of solar panels used for facades, curtain walls, and rooftops. Crystalline silicon photovoltaic modules are constructed from crystalline silicon produced utilizing microelectronics technologies. Mono-crystalline silicon and polycrystalline silicon are the two kinds of crystalline silicon solar cells utilized in crystalline silicon photovoltaics.


Value Chain Analysis


The global market for building integrated photovoltaics market has been divided into product, application, technology, and region segments. The worldwide market is segmented by product into roofing, wall integrated solutions, glass, façade, and others. During the projected period, the roof segment is predicted to have the highest building integrated photovoltaics market share. The glass category, on the other hand, is anticipated to develop at the quickest rate in the worldwide market. The global market is divided into three applications: industrial buildings, office properties, and housing developments. The industrial buildings sector is expected to expand at the quickest rate during the projected period, owing to the increasing use of solar systems to reduce reliance on non - renewable energy sources for power generation. The worldwide market has been split into crystalline silicon and thin-film technologies based on technology. The crystalline category is projected to account for a higher part of the worldwide market for constructing integrated photovoltaics.


Segmentation Overview


The market is segmented on the basis of product, application, technology, and region. The global building integrated photovoltaics market trends is expected to witness decent growth during the forecast period.


By Application


Based on the application, the market is segmented into industrial buildings, office properties, and housing developments.


By end-users


Based on the propulsion types, the market is segmented into crystalline silicon and thin-film technologies.


Regional Analysis


According to the reports, on the basis of region, the market is divided into five regions: Asia-Pacific, North America, Europe, the Middle East, and Africa, and South America. Due to the cheap cost of production in countries like China and India, Asia-Pacific has the biggest building integrated photovoltaics market share. Furthermore, the market in Asia-Pacific is anticipated to expand at the highest rate during the study period, owing to a slew of government programs launched in the area to boost renewable energy installations. Europe is expected to maintain its lead in the global BIPV market in terms of installation, owing to an increased customer willingness to adopt practices as a result of progressively strict government regulations, as well as rising pressure to reduce net energy usage from buildings in order to reduce CO2 emissions.


Based on its new energy policy, the European Union wants to attain at least a 27 percent proportion of renewable energy consumption by 2030 and to have all new buildings be virtually zero energy buildings (NZEB) by 2020. The European BIPV market is in transition, and the regulatory framework is having a beneficial influence. The European Union (EU) established the Directive on Energy Usage in Buildings (EPBD) (Directive 2010/31/EU) and the Renewable Power Directive (1/77/EC), opening the path for near-zero and positive energy buildings.


Competitive landscape


To expand their worldwide footprint, industry participants are pursuing strategic initiatives such as new product development and mergers and acquisitions. Furthermore, industry participants are spending in research and development to lower the overall cost of BIPV installations. Local production is used by industry to provide local jobs, save transport costs, and reduce pollution. Because manufacturers are set up with end-users obtaining BIPV in large amounts, forward integration is projected to minimize firms' sensitivity to investment risk.


Report Overview


The following report comprises of –



  •         Market overview 

  •         Covid 19 Analysis

  •         Market Dynamic

  •         Drivers

  •         Opportunities

  •         Restraints 

  •         Challenges

  •         Cumulative Growth Analysis

  •         Value Chain Analysis

  •         Segmentation Overview 

  •         By Application 

  •         By End-Users

  •         Regional Analysis

  •         Competitive landscape


Recent Developments



  •         Solar PV panels with changing hues that can self-adjust to the amount of light and the temperature level of buildings with glass facades and huge windows were created by European experts from the Interdisciplinary Research Institute of Grenoble in June 2020.


Segmentation


Technology Outlook



  •         Crystalline Silicon

  •         Thin Film

  •         Others

  •         Application Outlook

  •         Roofs

  •         Walls

  •         Glass

  •         Facade

  •         Others

  •         End-use Outlook

  •         Residential

  •         Commercial

  •         Industrial

  •         Regional Outlook

  •         North America


o    U.S.


o    Canada


o    Mexico



  •         Europe


o    Germany


o    U.K.


o    France



  •         Asia Pacific


o    China


o    India


o    Japan



  •         Central & South America


o    Brazil



  •         Middle East & Africa



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2028: USD 61.37 billion
  • 2030 : Significant value
  •   CAGR   19.45% (2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Product, Application and Technology
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Scheuten Solar (The Netherlands) Wurth Solar (Germany), Dow Solar (US), Suntench Power (China), Belectric (Germany), Carmanah Technologies Corporation (Canada), Dyesol Ltd. (Australia), Hanergy Holding Group Limited (China), Ertex Solartechnik GmbH (Germany), Canadian Solar Inc. (Canada), Tesla Inc. (US), NanoPV Solar Inc. (US), Solaria Corporation (US), and ML System (Poland)
      Key Market Opportunities   declining cost and improving technologies of rooftop solar systems
      Key Market Drivers

  • growing demand for electricity generation from renewable energy sources supportive government policies
  • initiatives towards renewable energy sources


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    Frequently Asked Questions (FAQ) :


    The global building integrated photovoltaics market size is estimated to reach USD 61.37 billion by 2028.

    The global building integrated photovoltaics market is expected to enjoy a CAGR of 19.45% from 2020 to 2028.

    Generation of electricity from renewable sources, focus on reducing carbon emissions, and renovation of existing buildings are major drivers of the global building integrated photovoltaics market.

    Industrial buildings can net high returns for the global building integrated photovoltaics market till 2028.

    Asia Pacific can dominate the global building integrated photovoltaics market.

    Suntech Power, Hanergy Holding Group Limited, Belectric, Ertex Solartechnik GmbH, Dow Solar, Carmanah Technologies Corporation, Dyesol Ltd., Canadian Solar Inc., Scheuten Solar, ML System, Tesla Inc., Wurth Solar, NanoPV Solar Inc., and Solaria Corporation are prime players in the global integrated building photovoltaics market.