Building-integrated Photovoltaics Market Report 2025

This Building-integrated Photovoltaics market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The building-integrated photovoltaics market size has grown exponentially in recent years. It will grow from $20.5 billion in 2024 to $25.46 billion in 2025 at a compound annual growth rate (CAGR) of 24.2%. The growth in the historic period can be attributed to increased environmental awareness and demand for sustainable building solutions, stricter building energy codes and green building certifications, urbanization and the need for space-efficient renewable energy generation, energy price volatility, and growing investment in research and development of bipv products.

The building-integrated photovoltaics market size is expected to see exponential growth in the next few years. It will grow to $58 billion in 2029 at a compound annual growth rate (CAGR) of 22.9%. The growth in the forecast period can be attributed to rising electricity prices and grid resilience considerations, expansion of bipv applications beyond rooftops, growing demand for aesthetically pleasing and customizable bipv solutions, support from architectural and construction industries, and increasing environmental concerns. Major trends in the forecast period include integration of bipv into smart building and iot systems, advances in solar technology, partnerships between solar manufacturers, architects, and construction firms, net-zero energy and carbon-neutral building trends, and technological innovations in bipv materials and designs.

The rising demand for zero-energy buildings is expected to drive the growth of the building-integrated photovoltaics (BIPV) market in the future. Zero-energy buildings integrate energy efficiency with renewable energy generation, consuming only the amount of energy that can be produced on-site using renewable resources over a specific period. The increasing global concern over carbon emissions from buildings and their construction has led to a heightened demand for zero-energy buildings. BIPV materials offer a viable option for building facades and aid in achieving zero-energy levels in structures. For instance, a report from the United Nations Environment Programme in November 2022 indicated that investments in building energy efficiency rose by 16%, reaching USD 237 billion. However, the expansion of floor space has outpaced progress in energy efficiency measures worldwide. Consequently, the growing demand for zero-energy buildings will support the growth of the building-integrated photovoltaics market.

The anticipated increase in cost-saving construction projects is expected to drive the growth of the building-integrated photovoltaics (BIPV) market in the future. This rise in cost-saving initiatives can be attributed to heightened economic uncertainties, intense competition, technology-driven efficiencies, and the demand for sustainability and responsible resource management in construction. BIPV systems help reduce long-term energy costs by generating renewable electricity on-site, improving energy efficiency, and utilizing incentives while seamlessly integrating with the building's design. For example, a report published by Upmetrics, a U.S.-based non-profit organization, states that the construction industry in the U.S. is valued at $1.8 trillion, while the global construction industry reached $8.9 trillion in 2023. Therefore, the increase in cost-saving construction projects will continue to contribute to the growth of the building-integrated photovoltaics market during the forecast period.

Key players in the global building-integrated photovoltaics (BIPV) market are concentrating on technological innovations like HPBC cell technology to enhance energy efficiency, lower costs, and improve the aesthetic integration of solar panels into architectural designs. HPBC (High-Performance Back Contact) cell technology is a type of solar cell that employs a back contact design to enhance efficiency and minimize shading, resulting in better overall performance. For example, in September 2023, LONGI Green Energy Technology Co. Ltd., a solar module manufacturer based in China, launched a new generation of BIPV products called ROOF 4.0. The ROOF 4 is capable of generating an output of 580 W with an efficiency of up to 22.6%. This positions it as a leading choice in the BIPV market, especially for commercial and industrial applications.

Leading companies in the global building-integrated photovoltaics (BIPV) market are focusing on technological innovations like the Taiyang Roof to boost energy efficiency, improve aesthetic integration with building designs, and promote sustainable construction practices. Taiyang Roof is a BIPV system engineered for efficient solar energy generation, featuring advanced waterproofing, easy installation, and high-performance materials. For example, in July 2022, Xiamen Antai New Energy Tech. Co., Ltd., a China-based company specializing in the research, development, and production of renewable energy technologies, launched a new BIPV product. This new BIPV panel delivers a power output of up to 380 W, making it suitable for a variety of applications in residential and commercial buildings.

In the competitive landscape of the building-integrated photovoltaics systems market, major companies are launching innovative products to gain a strategic advantage. An example is the introduction of the Galaxy Series, an ultra-lightweight BIPV product designed for industrial and commercial use. Launched in March 2023 by GoodWe, a China-based manufacturer and smart energy solutions provider, the Galaxy Series features a frameless design with a mere 6kg/㎡ weight. This characteristic makes it suitable for roofs with limited load-bearing capacity and suboptimal waterproofing. The Galaxy Series stands out for its reliability, incorporating 1.6mm ultra-thin glass, ensuring resilience against hail, strong winds, and providing enduring safety and weather protection to buildings. Such innovations position companies favorably in the competitive BIPV market landscape.

Major companies operating in the building-integrated photovoltaics market include First Solar Inc., Sharp Corporation, Yingli Solar, Solar Frontier, SunPower Corporation, Hanwha Solar, Panasonic Corporation, Kyocera Document Solutions Company, Canadian Solar Inc., Suntech Power Holdings Co. Ltd., Harsha Abakus Solar Private Limited, Ascent Solar Technologies Inc., Greatcell Energy Limited, Global Solar Energy Inc., Hanergy Holding Group Ltd., Onyx Solar Energy S.L., ISSOL SA, Solarcentury Holdings Limited, Trina Solar Limited, Hanwha Q CELLS Co. Ltd., GAF Energy LLC, RGS Energy, NanoFlex Power Corporation, Tesla Inc., Jinko Solar Holding Co. Ltd., LG Electronics Inc., SolarWorld Americas Inc., Mitsubishi Electric Corporation, REC Solar Holdings AS, Enphase Energy Inc., SolarEdge Technologies Inc., SMA Solar Technology AG, ABB Ltd., Schneider Electric SE, Siemens AG, General Electric Company.

Building-integrated photovoltaics (BIPV) refer to solar energy-generating products seamlessly integrated into the building envelope, serving as integral components such as facades, roofs, and windows. BIPV systems not only function as the exterior layer of the building structure but also generate power for on-site use or export to the grid. This dual-purpose system contributes to cost savings on materials and electricity, reduces pollution, and enhances the architectural appeal of a building. BIPV systems are typically integrated during the development phase of a new building or incorporated during the renovation of an existing structure when replacement of a specific building component is required.

The primary product types of building-integrated photovoltaics include polycrystalline, thin-film, and others. Thin-film products are characterized by very thin layers of photovoltaically active material applied to a glass or metal substrate using vacuum-deposition manufacturing techniques similar to those used in architectural glass coating. These BIPV applications cover roofs, facades, glass, and other components utilized in residential, commercial, and industrial buildings.

The building-integrated photovoltaics market research report is one of a series of new reports that provides building-integrated photovoltaics market statistics, including building-integrated photovoltaics industry global market size, regional shares, competitors with a building-integrated photovoltaics market share, detailed building-integrated photovoltaics market segments, market trends and opportunities, and any further data you may need to thrive in the building-integrated photovoltaics industry. This building-integrated photovoltaics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Asia-Pacific was the largest region in the building-integrated photovoltaics market in 2024. The regions covered in the building-integrated photovoltaics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the building-integrated photovoltaics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The building-integrated photovoltaics market consists of sales of photovoltaic foils, photovoltaic tiles, photovoltaic modules and solar cell glazings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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