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Building Integrated Photovoltaics (BIPV) Market Size [2031]
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Building Integrated Photovoltaics (BIPV) Market Size [2031]

Segments - Building Integrated Photovoltaics (BIPV) Market by Application (Glass, Roof, Facade, Wall, and Others), Technology (Thin Film, Crystalline Silicon, and Others), End-user (Commercial, Residential, and Industrial), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Swapnil Hedau

Upcoming | Report ID :EP-5114 | 4.7 Rating | 67 Reviews | 191 Pages | Format : PDF Excel PPT

Report Description


The global building integrated photovoltaics (BIPV) market size was USD 14.01 Bn in 2022 and is expected to reach USD 86.8 Bn by 2031, expanding at a CAGR of 20.3% during 2023–2031. Increasing demand for renewable energy and increasing solar energy consumption & installation are likely to boost the market.

Building integrated photovoltaics (BIPV) is a technology that integrates solar panels or solar cells directly into the building envelope. This means that the building’s outer surfaces such as its roof, walls, or windows are designed to generate electricity from sunlight. BIPV systems are incorporated into both new and existing buildings and are used to generate electricity for a wide range of applications, from lightning and appliances to heating and cooling systems.

Global Building Integrated Photovoltaics (BIPV) Market Outlook

BIPV technology offers several advantages over traditional solar photovoltaic (PV) systems. BIPV systems are integrated into the building envelope, they can often be installed with minimal impact on the building’s design or appearance. This can make them more aesthetically pleasing and less obtrusive than traditional solar panels.

BIPV systems help to reduce a building’s energy consumption and carbon footprint by generating clean, renewable electricity on-site. They can also provide a source of backup power in the event of a power outage or grid failure.

BIPV technology is still evolving, but it holds great promise for the future of sustainable building design and construction. With continued advances in solar cell technology, BIPV systems are likely to become even more efficient and cost-effective.

The market report finds that the COVID-19 pandemic restrains the building integrated photovoltaics (BIPV) market. The supply chain and the production of photovoltaic modules has disrupted, due to the pandemic imposed by the government.

Building Integrated Photovoltaics (BIPV) Market Dynamics

Major Drivers:

Increasing demand for BIPV materials, due to the rising integration of solar energy solutions in several commercial buildings is expected to drive the market. High demand for solar power generation, due to the growth in environmental concerns towards depleting non-renewable power such as coal and oil is anticipated to fuel the market.

Existing Restraints:

The slow growth of solar power in developing countries is expected to restrain the building-integrated photovoltaics market. Moreover, the high cost of integration of photovoltaics into the building envelope can hinder market growth in the coming years.

Emerging Opportunities:

High efficiency and cost reduction of solar photovoltaics are expected to create lucrative opportunities for the market players. However, increasing investments in renewable energy and a surge in rooftop solar systems are further anticipated to create lucrative opportunities for the market players.

Global Building Integrated Photovoltaics (BIPV) Market Dynamics

Scope of Building Integrated Photovoltaics (BIPV) Market Report

The market report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Building Integrated Photovoltaics (BIPV) Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Application (Glass, Roof, Facade, Wall, and Others), Technology (Thin Film, Crystalline Silicon, and Others), and End-user (Commercial, Residential, and Industrial)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

The Solaria Corporation; Tesla; SolarWindow Technologies, Inc.; Hanergy Thin Film Power Group; Greatcell; Ertex Solar; Carmanah Technologies Corp; Canadian Solar; BELETRIC; AGC Inc.; First Solar; Onyx Solar Group LLC.; and AGC Glass Europe

Building Integrated Photovoltaics (BIPV) Market Segment Insights

Based on application, the building integrated photovoltaics (BIPV) market is divided into glass, roof, facade, wall, and others. The roof segment is expected to expand at a significant pace during the projection period, due to the easy availability of a larger panel installation area of BIPV. The BIPV roofing provides the needed electricity for efficient homes to reach net-zero energy use.

The wall segment is anticipated to hold a key share of the market in the coming years, owing to the strong incidence of sunlight. High demand for building integrated walls is increasing, due to the advanced low-weight solar panels.

Global Building Integrated Photovoltaics (BIPV) Market Application

In terms of technology, the global market is segregated into thin film, crystalline silicon, and others. The crystalline silicon segment is expected to register a considerable CAGR during the forecast period, due to its higher resistance to adverse weather conditions and it has high strength. Crystalline silicon cells are integrated into building roofs by using smart mounting systems, which replace roof sections and keep their integrity intact.

The thin film segment is anticipated to account for a major market share in the coming years, owing to rapid technological advancements. Thin film building integrated photovoltaics are used for curved surfaces, due to their superior flexibility.

Global Building Integrated Photovoltaics (BIPV) Market Technology

On the basis of end-user, the building integrated photovoltaics (BIPV) market is segmented into commercial, residential, and industrial. The commercial segment is expected to register a robust growth rate during the forecast period, due to the increasing awareness about zero-emission green infrastructure. BIPV improves the aesthetic appeal of commercial buildings and it helps in cost-saving of electricity consumption, which in turn is likely to boost the commercial segment.

The industrial segment is expected to register a robust growth rate during the forecast period, as it reduces reliance on non-renewable energy sources. BIPV materials are used to replace conventional industrial structural building materials that cover skylights, facades, and roofs.

In terms of region, the global building integrated photovoltaics (BIPV) market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, due to the increasing focus on developing renewable power. Emerging countries such as India and China have low-cost production, which is expected to boost the market in the region.

The market in North America is anticipated to expand at a rapid pace in the coming years, due to the increasing adoption of aesthetically appealing solar energy systems. High disposable incomes of consumers and advances in the production of BIPV solar panels are likely to boost the demand for the product in the coming years. This factor is likely to drive the market in the region.

Global Building Integrated Photovoltaics (BIPV) Market Region

Segments

The global building integrated photovoltaics (BIPV) market has been segmented on the basis of

Application

  • Glass
  • Roof
  • Façade
  • Wall
  • Others

Technology

  • Thin Film
  • Crystalline Silicon
  • Others

End-user

  • Commercial
  • Residential
  • Industrial

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • The Solaria Corporation
  • Tesla
  • SolarWindow Technologies, Inc.
  • Hanergy Thin Film Power Group
  • Greatcell
  • Ertex Solar
  • Carmanah Technologies Corp
  • Canadian Solar
  • BELETRIC
  • AGC Inc.
  • First Solar
  • Onyx Solar Group LLC.
  • AGC Glass Europe

Competitive Landscape

Key players competing in the global building integrated photovoltaics (BPIV) market are The Solaria Corporation; Tesla; SolarWindow Technologies, Inc.; Hanergy Thin Film Power Group; Greatcell; Ertex Solar; Carmanah Technologies Corp; Canadian Solar; BELETRIC; AGC Inc.; First Solar; Onyx Solar Group LLC.; and AGC Glass Europe

These key players adopt various strategies including mergers, production expansion, collaboration, partnerships, product launches, and acquisitions to expand their consumer base globally.

  • In July 2021, First Solar announced to expand its global manufacturing footprint with a new 3.3 GW facility in India. First Solar to invest 684 million in a fully vertically integrated photovoltaic thin film solar module.

Global Building Integrated Photovoltaics (BIPV) Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Building Integrated Photovoltaics (BIPV) Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Building Integrated Photovoltaics (BIPV) Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Building Integrated Photovoltaics (BIPV) Market - Supply Chain
  4.5. Global Building Integrated Photovoltaics (BIPV) Market Forecast
     4.5.1. Building Integrated Photovoltaics (BIPV) Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Building Integrated Photovoltaics (BIPV) Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Building Integrated Photovoltaics (BIPV) Market Absolute $ Opportunity
5. Global Building Integrated Photovoltaics (BIPV) Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by Applications
     5.3.1. Glass
     5.3.2. Roof
     5.3.3. Façade
     5.3.4. Wall
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Building Integrated Photovoltaics (BIPV) Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by End Users
     6.3.1. Commercial
     6.3.2. Residential
     6.3.3. Industrial
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Building Integrated Photovoltaics (BIPV) Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Building Integrated Photovoltaics (BIPV) Demand Share Forecast, 2019-2026
8. North America Building Integrated Photovoltaics (BIPV) Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by Applications
     8.4.1. Glass
     8.4.2. Roof
     8.4.3. Façade
     8.4.4. Wall
     8.4.5. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by End Users
     8.7.1. Commercial
     8.7.2. Residential
     8.7.3. Industrial
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Building Integrated Photovoltaics (BIPV) Demand Share Forecast, 2019-2026
9. Latin America Building Integrated Photovoltaics (BIPV) Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by Applications
     9.4.1. Glass
     9.4.2. Roof
     9.4.3. Façade
     9.4.4. Wall
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by End Users
     9.7.1. Commercial
     9.7.2. Residential
     9.7.3. Industrial
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Building Integrated Photovoltaics (BIPV) Demand Share Forecast, 2019-2026
10. Europe Building Integrated Photovoltaics (BIPV) Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by Applications
     10.4.1. Glass
     10.4.2. Roof
     10.4.3. Façade
     10.4.4. Wall
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by End Users
     10.7.1. Commercial
     10.7.2. Residential
     10.7.3. Industrial
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Building Integrated Photovoltaics (BIPV) Demand Share Forecast, 2019-2026
11. Asia Pacific Building Integrated Photovoltaics (BIPV) Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by Applications
     11.4.1. Glass
     11.4.2. Roof
     11.4.3. Façade
     11.4.4. Wall
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by End Users
     11.7.1. Commercial
     11.7.2. Residential
     11.7.3. Industrial
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Building Integrated Photovoltaics (BIPV) Demand Share Forecast, 2019-2026
12. Middle East & Africa Building Integrated Photovoltaics (BIPV) Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by Applications
     12.4.1. Glass
     12.4.2. Roof
     12.4.3. Façade
     12.4.4. Wall
     12.4.5. Others
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Building Integrated Photovoltaics (BIPV) Market Size and Volume Forecast by End Users
     12.7.1. Commercial
     12.7.2. Residential
     12.7.3. Industrial
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Building Integrated Photovoltaics (BIPV) Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Building Integrated Photovoltaics (BIPV) Market: Market Share Analysis
  13.2. Building Integrated Photovoltaics (BIPV) Distributors and Customers
  13.3. Building Integrated Photovoltaics (BIPV) Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. The Solaria Corporation
     13.4.2. Tesla
     13.4.3. SolarWindow Technologies, Inc.
     13.4.4. Hanergy Thin Film Power Group
     13.4.5. Greatcell
     13.4.6. Ertex Solar
     13.4.7. Carmanah Technologies Corp
     13.4.8. Canadian Solar
     13.4.9. BELETRIC
     13.4.10. AGC Inc.
     13.4.11. First Solar
     13.4.12. Onyx Solar Group LLC.
     13.4.13. AGC Glass Europe

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