*Disclaimer: List of key companies in no particular order
The global Building Integrated Photovoltaics (BIPV) market is undergoing substantial growth, propelled by factors such as escalating energy costs, governmental incentives for renewable energy adoption, and an increasing awareness of sustainability. This thriving market has attracted a diverse array of players, resulting in a highly competitive landscape. This article delves into the competitive dynamics of the BIPV market, examining key player strategies, factors influencing market share, emerging trends, and the overall competitive scenario.
Key Player Strategies: Key players in the BIPV market include 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), and others.
Product Diversification: Leading players are heavily investing in research and development to create a diversified portfolio of BIPV solutions that cater to various applications and building types. This includes thin-film technologies, BIPV facades, and roof-integrated systems.
Strategic Partnerships and Acquisitions: Companies are actively pursuing strategic partnerships and acquisitions to expand their geographic reach, access new technologies, and strengthen their market presence. This trend is anticipated to persist, further heightening competition.
Vertical Integration: Some players are adopting a vertical integration strategy by acquiring manufacturing capabilities and controlling the entire supply chain. This approach helps them achieve cost efficiencies and improve product quality.
Focus on Sustainability: With growing environmental concerns, players are emphasizing the sustainability credentials of their BIPV solutions. This involves sourcing renewable materials, implementing green manufacturing practices, and focusing on low-carbon footprints.
Digitalization and Innovation: Companies are embracing digitalization by utilizing technologies like Building Information Modeling (BIM) and the Internet of Things (IoT) to optimize the design, installation, and maintenance of BIPV systems. Additionally, they are investing in innovative technologies like Perovskite solar cells to enhance efficiency and aesthetics.
Factors for Market Share Analysis: Several critical factors influence a company's market share in the BIPV market, including:
Product Portfolio: The breadth and depth of a player's BIPV product portfolio significantly impact market share. Companies offering a diverse range of solutions for various applications are better positioned to capture a larger market share.
Brand Recognition and Reputation: Established brands with strong reputations for quality and reliability have a significant advantage in the competitive landscape.
Geographical Reach: Companies with a wider geographical presence can access a larger market and achieve a higher market share.
Manufacturing Capabilities and Cost Efficiency: Efficient manufacturing processes and cost-competitive pricing are crucial for players to gain an edge in the market.
Technical Expertise and Innovation: Companies with a strong track record of innovation and expertise in BIPV technology are well-positioned to capture market share.
Customer Service and Support: Offering excellent customer service and responsive support is essential for building long-term customer relationships and securing market share.
New and Emerging Trends: Several emerging trends are shaping the future of the BIPV market:
Smart BIPV Systems: Integration of BIPV with smart technologies like energy management systems and data analytics platforms is gaining traction. This enables real-time performance monitoring, data-driven decision-making, and optimal energy consumption.
Building-as-a-Service (BaaS) Models: Emerging business models like BaaS offer innovative financing options for BIPV installations, making them more accessible to a wider range of customers.
Integration with Building Materials: BIPV is increasingly being integrated with building materials like windows, claddings, and roofing tiles, creating aesthetically pleasing and energy-efficient building envelopes.
Customization and Design Flexibility: Players are focusing on offering customized BIPV solutions that cater to specific aesthetic and functional requirements of different buildings, expanding design possibilities.
Focus on Emerging Markets: With growing awareness of BIPV benefits and supportive government policies, emerging markets are expected to witness significant growth in the coming years, attracting major players to expand their presence in these regions.
As the market matures, we can expect further consolidation through mergers and acquisitions, as well as the emergence of new technologies and business models. Players who can adapt to these changing dynamics and offer innovative, cost-effective, and sustainable BIPV solutions will be well-positioned to thrive in the competitive landscape.
The BIPV market is on a promising trajectory, driven by favorable market trends and increasing adoption of renewable energy solutions. The competitive landscape is dynamic and diverse, with players constantly evolving their strategies to gain an edge. By focusing on product diversification, innovation, sustainability, and customer-centric approaches, companies can navigate the competitive landscape and contribute to the growth of the BIPV market.
Industry Developments and Latest Updates:
Global Building Integrated Photovoltaics Market Size was valued at USD 19.82 billion in 2022.The Building Integrated Photovoltaics Market industry is expected to reach USD 89.80 billion by 2030, growing at a CAGR of 21.04% during forecast period 2022-2030. Global Building Integrated Photovoltaics Market is driven by initiatives towards renewable energy sources. Building-integrated photovoltaics are photovoltaic materials used as substitutes for certain conventional building materials. They are used in building parts, including roofs, skylights, and facades, as well. Building-integrated photovoltaics, also known as solar panels, are incorporated into the construction sector. They offer different things like thin-film solar panels, flexible thin-film solar panels, followed by some others like thin-film or crystalline-based solar panels, and semi-transparent solar panels to add to differentiation in market innovation. BIPV is currently one of the rapidly expanding global solar PV industry segments.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The global inclination towards renewables-based power generation is an enormous opportunity for the BIPV systems. The regional governments are planning to move towards renewables-oriented energy policies to reach their carbon neutrality goals. The industrial and commercial sectors are even incentivized to adopt cleaner energy generation methods.
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 Market. 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.
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.
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.
July 2023- the U.S. Department of Energy (DOE), as part of President Biden's Investing in America agenda, in the first week of July has disclosed USD 45 million, including USD18 million from the Bipartisan Infrastructure Law, to back pilot manufacturing of solar components that can contribute to a domestic manufacturing sector capable of meeting the Administration's solar installment goals without relying on imported products. The investment will also back the development of new dual-use solar technologies, such as building-integrated photovoltaics and agrivoltaics, to generate new markets for American products. Reviving the U.S. manufacturing sector is vital to President Biden's economic strategy, Bidenomics, and is crucial to attaining a clean energy future that benefits all Americans. The U.S. Secretary of Energy Jennifer M. Granholm stated that President’s Investing in America agenda had caused a rise in solar manufacturing announcements and produced thousands of good paying, union jobs in solar deployment. He added that with these new launches, made-in-America technologies, the Biden-Harris Administration is running the clean energy transition, reducing electricity costs for hardworking Americans, and safeguarding the nation's children's future from the climate crisis's impacts.July 2023- The U.S.-founded solar tracking, racking, and building-integrated photovoltaics (BIPV) supplier, Arctech, will propose an 11.457-megawatt (MW) SkyLine II solar tracking solution for a project by Nextcom Ltd in Israel. The project signifies Arctech's first solar tracking effort in Israel and indicates a substantial breakthrough in the Middle East market. Israel has been keenly progressing toward renewable energy and has set a detailed aim of attaining 30% renewable energy by 2030. The nation focuses on developing nearly 12 GW of solar plants to fulfill the motive, leveraging its abundant sunshine and solar power as the main renewable energy source.
The rise in demand for building integrated photovoltaic materials can be attributed to the integration of solar energy solutions in commercial infrastructures for architectural optimization and energy conservation. Moreover, growth in environmental concerns toward depleting non-renewable power resources, such as oil and coal, further propel the demand for solar power generation. In addition, rapid modernization in the construction and building sector and an increase in focus on clean energy have led to a rise in demand for green or zero-emission buildings. According to the Fraunhofer Institute for Solar Energy Systems, Germany's global annual monocrystalline PV production share was around 80%, the highest among all other technologies. The percentage explicitly reflects the demand for the technology at the global level due to its low prices and technical maturity. Spanish BIPV systems manufacturer Onyx Solar started the construction of a giant BIPV solar facade to refurbish the Sterling Bank headquarters in Lagos, Nigeria. The company will install around 3,250 crystalline solar modules on the building facade.
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.
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.
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.
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.
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.
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.
Recent Developments
In september 2022,Saint-Gobain has acquired a minority stake in Megasol, a Swiss manufacturer of building-integrated photovoltaic (BIPV) modules.Under the terms of the agreement, Saint-Gobain has acquired a minority stake in Megasol's BIPV module development and production business at its site in Deitingen, Switzerland.
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. Based on the application, the Building Integrated Photovoltaics Market is segmented into industrial buildings, office properties, and housing developments. Based on the propulsion types, the market is segmented into crystalline silicon and thin-film technologies.
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.
Building Integrated Photovoltaics Market Highlights:
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