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Building-integrated Photovoltaics Market Report and Forecast 2024-2032

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    Report

  • 172 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5912624
According to the report, the global building-integrated photovoltaics market reached a value of USD 20.3 billion in 2023. Aided by the mounting global emphasis on sustainable building practices and the incessant push for renewable energy sources, the market is projected to further grow at a CAGR of 19% between 2024 and 2032 reaching a value of approximate USD 84.05 billion by 2032.

Building-integrated photovoltaics (BIPV) represents an innovative fusion of the construction and renewable energy industries. BIPV systems are not merely an adjunct to a building's structure but are seamlessly integrated into the building envelope itself, be it in the form of roofs, facades, or even windows. Beyond their aesthetic appeal, these systems efficiently harness solar energy, converting it into electricity, thus mitigating a building's carbon footprint while also generating power.

A pivotal driver bolstering the global building-integrated photovoltaics market growth is the global imperative to combat climate change. As nations scramble to honour their Paris Agreement commitments and reduce greenhouse gas emissions, the construction sector, known for its sizable carbon footprint, is witnessing a paradigm shift. BIPV, with its dual promise of architectural finesse and energy efficiency, has emerged as an appealing solution in this context.

As per the global building-integrated photovoltaics market analysis, the augmenting consumer and institutional predilection for green buildings is another force underpinning the BIPV market's surge. Green building certifications, such as LEED and BREEAM, which prioritise sustainability and environmental stewardship, have galvanised the construction industry to adopt eco-friendly practices. Integrating BIPV systems, given their renewable energy generation capability, naturally aligns with these standards, further propelling their adoption.

Moreover, technological advancements have been one of the pivotal global building-integrated photovoltaics market trends. Enhanced efficiency, a broader spectrum of design options, and the advent of lightweight, flexible photovoltaic materials have facilitated the integration of BIPV systems into a plethora of architectural styles, from retrofitted historical edifices to cutting-edge modern designs.

Simultaneously, governmental policies and incentives play an instrumental role in BIPV's market trajectory. Many nations, recognising the manifold benefits of BIPV, have introduced tax breaks, subsidies, and feed-in tariffs, thereby lowering the initial investment hurdle for developers and promoting the value of the global building-integrated photovoltaics market size.

Market Segmentation

The market can be divided based on technology, application, end use, and region.

Market Breakup by Technology

  • Crystalline Silicon (C-SI)
  • Thin Film
  • Others

Market Breakup by Application

  • Roofs
  • Walls
  • Glass
  • Façade
  • Windows
  • Others

Market Breakup by End Use

  • Residential
  • Commercial
  • Industrial

Market Breakup by Region

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

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global building-integrated photovoltaics market. Some of the major players explored in the report are as follows:
  • AGC Glass Europe SA
  • BELECTRIC Solar & Battery GmbH
  • Heliatek GmbH
  • Carmanah Technologies Corporation
  • Greatcell Energy Pty Ltd.
  • Hanergy Holding Group Limited
  • Ertex solartechnik GmbH
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Building-Integrated Photovoltaics Market Analysis
8.1 Key Industry Highlights
8.2 Global Building-Integrated Photovoltaics Historical Market (2018-2023)
8.3 Global Building-Integrated Photovoltaics Market Forecast (2024-2032)
8.4 Global Building-Integrated Photovoltaics Market by Technology
8.4.1 Crystalline Silicon (C-SI)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Thin Film
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Building-Integrated Photovoltaics Market by Application
8.5.1 Roofs
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Walls
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Glass
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Façade
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Windows
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Building-Integrated Photovoltaics Market by End Use
8.6.1 Residential
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Commercial
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Industrial
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Building-Integrated Photovoltaics Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Building-integrated Photovoltaics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Building-integrated Photovoltaics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Spain
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Building-integrated Photovoltaics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Building-integrated Photovoltaics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Building-integrated Photovoltaics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 AGC Glass Europe SA
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 BELECTRIC Solar & Battery GmbH
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Heliatek GmbH
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Carmanah Technologies Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Greatcell Energy Pty Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Hanergy Holding Group Limited
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Ertex Solartechnik GmbH
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Building-Integrated Photovoltaics Market: Key Industry Highlights, 2018 and 2032
2. Global Building-Integrated Photovoltaics Historical Market: Breakup by Technology (USD Million), 2018-2023
3. Global Building-Integrated Photovoltaics Market Forecast: Breakup by Technology (USD Million), 2024-2032
4. Global Building-Integrated Photovoltaics Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Building-Integrated Photovoltaics Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Building-Integrated Photovoltaics Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Building-Integrated Photovoltaics Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Building-Integrated Photovoltaics Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Building-Integrated Photovoltaics Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Building-Integrated Photovoltaics Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Building-Integrated Photovoltaics Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Building-Integrated Photovoltaics Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Building-Integrated Photovoltaics Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Building-Integrated Photovoltaics Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Building-Integrated Photovoltaics Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Building-Integrated Photovoltaics Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Building-Integrated Photovoltaics Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Building-Integrated Photovoltaics Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Building-Integrated Photovoltaics Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Building-Integrated Photovoltaics Market Structure

Companies Mentioned

  • AGC Glass Europe SA
  • BELECTRIC Solar & Battery GmbH
  • Heliatek GmbH
  • Carmanah Technologies Corporation
  • Greatcell Solar Limited
  • Hanergy Holding Group Limited
  • Ertex solartechnik GmbH

Methodology

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