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.
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MARKET DYNAMICS:
KEY DRIVERS:
Government support.
Improved aesthetics.
Energy Efficiency.
RESTRAINTS:
Inadequate design and installation competence.
A large initial investment is required.
OPPORTUNITIES:
Collaboration with the construction industry.
The creation of heat by BIPV modules.
Cell technology of the next generation.
CHALLENGES:
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.
COMPETITIVE LANDSCAPE:
MARKET SEGMENTS:
BY TECHNOLOGY
Thin Film
Crystalline Silicon
Others
BY APPLICATION
Roof
Wall
Glass
Facade
Others
BY END-USE
Commercial
Residential
Industrial
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REGIONAL ANALYSIS:
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.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The 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
KEY PLAYERS:
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.
Heliatek-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| 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 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. |
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. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 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
8.1Introduction
8.2 Thin Film
8.3 Crystalline Silicon
8.4 Others
9. Building Integrated Photovoltaics (BIPV) Market Segmentation, by Application
9.1Introduction
9.2 Roof
9.3 Wall
9.4 Glass
9.5 Facade
9.6 Others
10. Building Integrated Photovoltaics (BIPV) Market Segmentation, by End Use
10.1 Introduction
10.2 Commercial
10.3 Residential
10.4 Industrial
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12.Company Profiles
12.1 Carmanah Technologies
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 SolarWindow
12.3 Hanergy Mobile Energy Holding Group
12.4 Heliatek
12.5 Greatcell
12.6 ertex solartechnik
12.7 AGC
12.8 The Solaria
12.9 Tesla
12.10 BELECTRIC
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14.Conclusion
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