The Building Integrated Photovoltaic Market Size is valued at USD 11.27 Bn in 2023 and is predicted to reach USD 37.19 Bn by the year 2031 at an 16.4% CAGR during the forecast period for 2024-2031.
The increasing proportion of the global energy supply to be more renewable presents a huge opportunity for BIPV systems. To achieve carbon neutrality, the regional governments intend to shift toward energy policies focused on renewables. There are even incentives for the business and industrial sectors to switch to greener energy production techniques. Building Integrated Photovoltaics (BIPV) refers to solar panels seamlessly integrated into the walls, ceilings, and skylights of buildings. Unlike traditional solar panels mounted on top of a building, BIPV systems serve as both a structural component and a source of renewable energy. BIPV technology is gaining popularity as building owners and architects seek sustainable, energy-efficient solutions.
The demand for the product is expected to increase during the forecast period due to the country's growing preference for integrated installations in residential and commercial structures and the existence of a consumer base with high levels of disposable income. Furthermore, it is anticipated that the increasing innovation in the field will boost the product's operational effectiveness, which will spur market expansion. The industry will probably be driven worldwide by the increasing need for alternative energy sources. The increasing need for integrated roof systems in commercial and industrial buildings is expected to drive demand for building-integrated photovoltaics. The thin film BIPV module industry is anticipated to be driven throughout the forecast period by advancements in manufacturing technology and increasing product efficiency.
The Building Integrated Photovoltaic Market is segmented based on the technology application, and end-user. Based on the technology, the market is divided into crystalline silicon and crystalline silicon. Based on the application, the market is divided into roofing, facades, and externally integrated systems (EIS). Based on the end user, the market is categorized into residential, commercial, and industrial.
Based on the technology, the market is divided into crystalline silicon and crystalline silicon. Among these, the crystalline silicon segment is expected to have the highest growth rate during the forecast period. crystalline silicon cells generally have higher energy conversion efficiency compared to thin-film cells, meaning they can produce more electricity per unit area. Crystalline silicon cells can be easily integrated into various building components, such as roofs, walls, and skylights. This versatility allows for a wide range of BIPV applications, making it suitable for different building types and architectural styles. Crystalline silicon technology is scalable, meaning it can be used for both small-scale residential projects and large-scale commercial installations. This makes it a versatile option for a variety of BIPV applications.
Based on the application, the market is divided into roofing, facades, and externally integrated systems (EIS). Among these, the roof-integrated systems segment dominates the market. Roofs typically provide the largest continuous surface area on a building, making them ideal for installing solar panels. Rooftops are therefore the best place to produce solar energy. By incorporating solar panels into their roofs, buildings can produce clean electricity on-site and lessen their need on conventional grid power. In the long run, this can result in significant energy cost reductions. Roof-integrated solar systems have been around for longer, resulting in a more mature and established market with a wider range of products and installation options.
Environmental laws in European countries are very strict when it comes to reducing carbon emissions and using renewable energy sources. As a result, the building-integrated photovoltaic market in the area is expanding. Furthermore, state regulations governing the use of renewable energy in buildings and the European Green Deal also contribute to the market's expansion. Large financial incentives, subsidies, and tax breaks are extended to renewable energy technologies, such as BIPV, by the European Union and individual nations. Building owners and developers find BIPV more financially appealing as a result of these incentives. Europe has a long history of sustainability and environmental consciousness. As a result, companies and customers prioritize environmentally responsible options. The demand for and widespread knowledge of sustainable building practices is fueling the BIPV market's expansion.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 11.27 Bn |
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Revenue Forecast In 2031 |
USD 37.19 Bn |
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Growth Rate CAGR |
CAGR of 16.4% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
The Technology Application, and End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; South East Asia |
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Competitive Landscape |
Sharp Corporation, Trinasolar, Waaree Energies Ltd., Longi, Canadian Solar, AGC Inc., Ja Solar Technology Co., Ltd., Wuxi Suntech Power Co., Ltd, Jinkosolar, Talesun Solar Co., Ltd., Kaneka Corporation, Risen Energy Co., Ltd., Chint New Energy Technology Co., Ltd., Changzhou Almaden Co., Ltd., Solitek., Heliatek , Solarscape Enterprises Llp, Polysolar Ltd, Baoding Jiasheng Photovoltaic Technology Co., Ltd., Metsolar, Sphelar Power Corporation, Novergy Energy Solutions Pvt. Ltd., Auxin Solar Inc., Avancis Gmbh, Ertex Solar, Merck KGaA, CertainTeed, LLC. (Compagnie de Saint-Gobain SA), Tesla, Hanergy Thin Film Power Group, Kyocera Corp., Onyx Solar Group LLC., Suntegra, Scheuten Solar, Wurth Solar, Dow Solar, Suntech Power, Belectric, Carmanah Technologies Corporation, Dyesol Ltd., Hanergy Holding Group Limited, Ertex Solartechnik GmbH, Canadian Solar Inc |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Building Integrated Photovoltaic Market Snapshot
Chapter 4. Global Building Integrated Photovoltaic Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2031
4.8. Global Building Integrated Photovoltaic Market Penetration & Growth Prospect Mapping (US$ Mn), 2023-2031
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.10. Use/impact of AI on Building Integrated Photovoltaic Industry Trends
Chapter 5. Building Integrated Photovoltaic Market Segmentation 1: By Technology, Estimates & Trend Analysis
5.1. Market Share by Technology, 2023 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Technology:
5.2.1. Crystalline silicon
5.2.1.1. Monocrystalline
5.2.1.2. Polycrystalline
5.2.2. Thin film
5.2.2.1. Thin Film A-SI PV Panel
5.2.2.2. Thin Film CDTE PV Panel
5.2.2.3. Thin Film CIGS PV panel
5.2.2.4. Concentrated PV panels
Chapter 6. Building Integrated Photovoltaic Market Segmentation 2: By Application, Estimates & Trend Analysis
6.1. Market Share by Application, 2023 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Applications:
6.2.1. Roofing
6.2.1.1. Tiles
6.2.1.2. Shingles
6.2.1.3. Skylights
6.2.1.4. Laminates
6.2.1.5. Metal Seam
6.2.2. Facades
6.2.2.1. Windows
6.2.2.2. Curtain Walls
6.2.2.3. Awnings
6.2.2.4. Other Facades
6.2.3. Externally Integrated Systems (EIS)
Chapter 7. Building Integrated Photovoltaic Market Segmentation 3: By End user, Estimates & Trend Analysis
7.1. Market Share by End user, 2023 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following End users:
7.2.1. Residential
7.2.2. Commercial
7.2.3. Industrial
Chapter 8. Building Integrated Photovoltaic Market Segmentation 6: Regional Estimates & Trend Analysis
8.1. Global Building Integrated Photovoltaic Market, Regional Snapshot 2023 & 2031
8.2. North America
8.2.1. North America Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
8.2.1.1. US
8.2.1.2. Canada
8.2.2. North America Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2024-2031
8.2.3. North America Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
8.2.4. North America Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by End user, 2024-2031
8.3. Europe
8.3.1. Europe Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
8.3.1.1. Germany
8.3.1.2. U.K.
8.3.1.3. France
8.3.1.4. Italy
8.3.1.5. Spain
8.3.1.6. Rest of Europe
8.3.2. Europe Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2024-2031
8.3.3. Europe Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
8.3.4. Europe Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by End user, 2024-2031
8.4. Asia Pacific
8.4.1. Asia Pacific Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
8.4.1.1. India
8.4.1.2. China
8.4.1.3. Japan
8.4.1.4. Australia
8.4.1.5. South Korea
8.4.1.6. Hong Kong
8.4.1.7. Southeast Asia
8.4.1.8. Rest of Asia Pacific
8.4.2. Asia Pacific Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2024-2031
8.4.3. Asia Pacific Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
8.4.4. Asia Pacific Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts By End user, 2024-2031
8.5. Latin America
8.5.1. Latin America Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
8.5.1.1. Brazil
8.5.1.2. Mexico
8.5.1.3. Rest of Latin America
8.5.2. Latin America Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2024-2031
8.5.3. Latin America Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
8.5.4. Latin America Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by End user, 2024-2031
8.6. Middle East & Africa
8.6.1. Middle East & Africa Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.6.1.1. GCC Countries
8.6.1.2. Israel
8.6.1.3. South Africa
8.6.1.4. Rest of Middle East and Africa
8.6.2. Middle East & Africa Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2024-2031
8.6.3. Middle East & Africa Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by application, 2024-2031
8.6.4. Middle East & Africa Building Integrated Photovoltaic Market Revenue (US$ Million) Estimates and Forecasts by End user, 2024-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Sharp Corporation
9.2.1.1. Business Overview
9.2.1.2. Key Product/Service Offerings
9.2.1.3. Financial Performance
9.2.1.4. Geographical Presence
9.2.1.5. Recent Developments with Business Strategy
9.2.2. Trinasolar
9.2.3. Waaree Energies Ltd.
9.2.4. Longi
9.2.5. Canadian Solar Inc
9.2.6. AGC Inc.
9.2.7. Ja Solar Technology Co., Ltd.
9.2.8. Wuxi Suntech Power Co., Ltd
9.2.9. Jinkosolar
9.2.10. Talesun Solar Co., Ltd.
9.2.11. Kaneka Corporation
9.2.12. Risen Energy Co., Ltd.
9.2.13. Chint New Energy Technology Co., Ltd.
9.2.14. Changzhou Almaden Co., Ltd.
9.2.15. Solitek.
9.2.16. Heliatek
9.2.17. Solarscape Enterprises Llp
9.2.18. Polysolar Ltd
9.2.19. Baoding Jiasheng Photovoltaic Technology Co., Ltd.
9.2.20. Metsolar
9.2.21. Sphelar Power Corporation
9.2.22. Novergy Energy Solutions Pvt. Ltd.
9.2.23. Auxin Solar Inc.
9.2.24. Avancis Gmbh
9.2.25. Ertex Solar
9.2.26. Merck KGaA
9.2.27. CertainTeed, LLC. (Compagnie de Saint-Gobain SA)
9.2.28. Tesla
9.2.29. Hanergy Thin Film Power Group
9.2.30. Kyocera Corp.
9.2.31. Onyx Solar Group LLC.
9.2.32. Suntegra
9.2.33. Scheuten Solar
9.2.34. Wurth Solar
9.2.35. Dow Solar
9.2.36. Suntech Power
9.2.37. Belectric
9.2.38. Carmanah Technologies Corporation
9.2.39. Dyesol Ltd.
9.2.40. Hanergy Holding Group Limited
9.2.41. Ertex Solartechnik GmbH
9.2.42. Other Market Players
Global Building Integrated Photovoltaic Market – By Technology
Global Building Integrated Photovoltaic Market – By Application
Global Building Integrated Photovoltaic Market – By End user
Global Building Integrated Photovoltaic Market – By Region
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
