Report Id: SNS/OT/2229 | July 2022 | Region: Global | 133 Pages
Report Scope & Overview:
The Building Integrated Photovoltaics (BIPV) Market Size was valued at USD 15.70 billion in 2022, and is expected to reach USD 44.17 billion by 2030, and grow at a CAGR of 13.8% over the forecast period 2023-2030.
Building photovoltaics are photovoltaic materials that are utilized as alternatives to traditional building materials. They are employed in construction components such as roofs, skylights, and facades. Building-integrated photovoltaics is another name for solar panels that are integrated into the building industry. Thin-film solar panels, flexible thin-film solar panels, thin-film or crystalline-based solar panels, and semi-transparent solar panels are among the several kinds available. BIPV is one of the fastest growing areas of the worldwide solar PV market.
Inadequate design and installation competence.
A large initial investment is required.
Collaboration with the construction industry.
The creation of heat by BIPV modules.
Cell technology of the next generation.
This will be covered under the final version of the report.
IMPACT OF COVID-19:
The market for building integrated photovoltaics is predicted to drop in 2020, owing mostly to the impact of COVID-19. Several major economies' governments have imposed lockdowns to prevent the spread of COVID-19. Manufacturing activity have been severely hampered as a result of the shutdown. Because the vast majority of PV modules are made in China, the manufacturing and supply chain have suffered significantly. The Chinese industrial capacity had been severely impacted by the lockdown, since all major ship container firms had also halted operating out of Chinese ports and shipping commodities from China to other nations. As a result, supply chain interruptions occurred in March and April 2020. Furthermore, other nations' lockdowns disrupted supply chains and created labor shortages in the PV industry. Due to travel limitations, businesses were unable to get the necessary workforce for their operations. Though the industry is projected to be affected in 2020.
Based on Technology, the building integrated photovoltaics market is segmented into Thin Film, Crystalline Silicon and Others. Because of its excellent resilience to adverse weather conditions and high strength, the crystalline silicon segment accounted for a significant part of the building integrated photovoltaics market. The worldwide market is predicted to be driven largely by falling crystalline silicon cell prices, which will cut installation costs throughout the forecast period.
Based on Application, the building integrated photovoltaics market is segmented into Roof, Wall, Glass, Façade and Others. Due to the availability of a greater panel installation area for BIPV, the roof segment accounted for a significant part of the building integrated photovoltaics market. Residential roof installations are predicted to expand in demand in countries such as the United States, the United Kingdom, Germany, and France. Furthermore, the increased deployment of energy storage systems is likely to support demand for off-grid solar PV systems during the projection period.
Based on End Use, the building integrated photovoltaics market is segmented into Commercial, Residential and Industrial. Due to increased awareness of zero-emission green infrastructure, the commercial category accounted for a significant building integrated photovoltaics market share. BIPV installations boost the aesthetic appeal of business premises while saving significant amounts of power, promoting product adoption across the commercial market.
The key players in the building integrated photovoltaics market are SolarWindow, Hanergy Mobile Energy Holding Group, Heliatek, Greatcell, ertex solartechnik, AGC, The Solaria, Carmanah Technologies, Tesla and BELECTRIC.
Europe led the worldwide market in 2021, accounting for about 39 percent of sales. A favorable outlook for renewable energy, along with consumer awareness in European nations, is expected to boost the BIPV market throughout the projected period. Germany and Italy are prioritizing the use of solar energy, which is projected to translate into increased usage of BIPV, encouraging industry growth throughout the projection period. The increasing use of aesthetically appealing solar energy-harnessing systems is expected to drive demand for building-integrated photovoltaics in the North American area. Furthermore, the region's high disposable incomes, particularly in the United States and Canada, as well as advancements in BIPV solar panel production methods, are expected to contribute to greater demand for the product over the next seven years. The product's demand is expected to continue high in economies such as China and Japan due to increased government initiatives to adopt these solutions. Consumers in the region have a strong demand for renewable energy sources in order to lessen the environmental effect of nonrenewable energy sources.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 15.70 Billion|
|Market Size by 2030||US$ 44.17 Billion|
|CAGR||CAGR of 13.8% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Technology (Thin Film, Crystalline Silicon, Others)
• By Application (Roof, Wall, Glass, Façade, Others)
• By End Use (Commercial, Residential, Industrial)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||SolarWindow, Hanergy Mobile Energy Holding Group, Heliatek, Greatcell, ertex solartechnik, AGC, The Solaria, Carmanah Technologies, Tesla and BELECTRIC.|
|Key Drivers||• Government support.
• Improved aesthetics.
• Energy Efficiency.
|Restraints||• Inadequate design and installation competence.
• A large initial investment is required.
Frequently Asked Questions (FAQ) :
The Service Building Integrated Photovoltaics size was valued at 13.8 billion in 2021 at a CAGR of 13.8%.
The market value is expected to reach USD 53 billion by 2028.
The market has been segmented with respect to technology, end use and application.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Building Integrated Photovoltaics (BIPV) Market Segmentation, by Technology
8.2 Thin Film
8.3 Crystalline Silicon
9. Building Integrated Photovoltaics (BIPV) Market Segmentation, by Application
10. Building Integrated Photovoltaics (BIPV) Market Segmentation, by End Use
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12.1 Carmanah Technologies
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.3 Hanergy Mobile Energy Holding Group
12.6 ertex solartechnik
12.8 The Solaria
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of the good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.