Market OverviewGlobal Building Integrated
Photovoltaic (BIPV) Market has
valued at USD 15.02 Billion in 2022 and is anticipated to project robust growth
in the forecast period with a CAGR of 22.03 % through 2028. Building Integrated
Photovoltaic (BIPV) refers to the integration of solar photovoltaic (PV)
technology into the architectural elements and design of buildings, allowing
them to generate electricity from sunlight while simultaneously serving as
functional building components. BIPV systems are designed to blend seamlessly
with a building's aesthetics, providing an environmentally friendly and visually
appealing energy generation solution. BIPV systems are designed to
replace or augment traditional building materials and components such as roofs,
facades, windows, and walls. Solar panels are incorporated directly into these
building elements, effectively converting them into solar power generators. BIPV
solutions offer architects and builders flexibility in terms of design and
aesthetics. They can be customized to match the architectural style, color, and
appearance of the building, making them an attractive option for both
residential and commercial construction projects. BIPV systems harness sunlight
to generate electricity, which can be used to power various building functions,
including lighting, heating, cooling, and appliances. Excess electricity can
also be fed back into the grid or stored for later use.
BIPV systems
reduce a building's carbon footprint by generating clean, renewable energy.
They contribute to sustainable building practices and help mitigate the
environmental impact of traditional fossil fuel-based electricity generation. BIPV
can enhance a building's energy efficiency by reducing the reliance on
grid-based electricity, especially during daylight hours when solar energy
production is at its peak. This can lead to lower energy bills and long-term
cost savings. Ongoing advancements in solar PV technology have led to
more efficient and aesthetically pleasing BIPV solutions. These innovations
include transparent solar panels, solar tiles, and solar windows, expanding the
possibilities for integration. The global BIPV market has
experienced significant growth driven by increasing awareness of renewable
energy, environmental concerns, and government incentives and policies
promoting sustainable building practices.
Building-integrated photovoltaics are
also a type of solar PV modules used in the building’s exteriors such as
rooftops, windows and curtain walls. Building-integrated photovoltaics help in
maintaining the economy as well as the appearance of the building. The
building-integrated photovoltaics are used as replacements for the conventional
building materials in both commercials as well as residential constructions.
Key Market Drivers
The global Building Integrated
Photovoltaic (BIPV) market is a critical sector that plays a The rapid
expansion of the solar photovoltaic (PV) installation capacities of different
countries, coupled with increasing demand for renewable energy sources, is
expected to drive the growth of solar panel market across the world. Increased
awareness for energy security and self-sufficiency and favorable government
legislations, coupled with the unilateral obligation of countries such as
Germany, Italy, France, the UK, the U.S., China, Japan, and India to the Kyoto
Protocol, designated to reduce greenhouse gas (GHG) emissions, are also
expected to promote the growth of the market in the coming years. The presence of a consumer base with high disposable income levels and
the increasing affinity toward integrated installations in residential and
commercial buildings in the country are anticipated to boost the demand for the
product in the forecast period. In addition, the growing innovation in the
domain is projected to increase the operational efficiency of the product,
translating into market growth. The building-integrated photovoltaics (BIPV)
market in the U.S. is likely to be driven by the growing demand for alternate
sources of energy. The demand for building-integrated photovoltaics is likely
to be fueled by the high need for integrated roof systems in commercial and
industrial establishments. Improvements in the manufacturing technology of thin
film BIPV modules and the rising efficiency of the product are expected to
drive the market over the forecast period.
The government of France offers the
highest FiTs for electricity generated through photovoltaic components, which
are essentially integrated into buildings. Capacity generated by photovoltaics
integrated into building envelopes accounts for a substantial share of the
overall accumulated, installed capacity generated by photovoltaics in the
country. The country offers high subsidies and benefits pertaining to the use
of building integrated photovoltaics in a bid to encourage such installations
in the country. The building-integrated photovoltaics
can be classified on the basis of module type, application, and end-use. By
module type, building-integrated photovoltaics are divided as monocrystalline,
polycrystalline, thin-film and others. The monocrystalline building-integrated
photovoltaics have higher module efficiency compared to the polycrystalline
photovoltaics. Building-integrated photovoltaics are used in industrial,
commercial as well as residential buildings. Wherein, they are used for
rooftop, curtail wall, glass, and facade among other applications. Increasing
awareness and incentives for the use of renewable energy sources have been the
key factors to attract the attention of people towards building-integrated
photovoltaics. Building-integrated photovoltaics not only maintain but also
improve the exterior appearance of the building. The building-integrated
photovoltaics generate power which can be used to meet the energy requirement
of the building. Owing to which the building-integrated photovoltaics market is
expected to witness a boom in the near future. However, the capital requirement
for the installation of building-integrated PV modules is higher as compared to
the traditional PV modules which are expected to retard the growth of
building-integrated photovoltaics.
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Key Market Challenges
One of the foremost challenges in the Building
Integrated Photovoltaic (BIPV) market is The global Building Integrated
Photovoltaic (BIPV) market is at the forefront of renewable energy innovation,
offering a sustainable solution for clean electricity generation while
seamlessly integrating with building designs. However, like any rapidly evolving
industry, the BIPV market faces several challenges that must be addressed to
ensure its continued growth and effectiveness in contributing to sustainable
building practices. In this comprehensive analysis, we will explore the key
challenges confronting the BIPV market and the strategies being employed to
overcome them. One of the most significant challenges
in the adoption of BIPV systems is the high initial cost of installation. The
cost per watt of BIPV modules is often higher compared to traditional solar
panels, making it a substantial upfront investment for builders and property
owners. High initial costs can deter potential adopters, especially in regions
with limited financial incentives or where the cost of electricity from
conventional sources is relatively low. This can slow down the adoption rate of
BIPV technology. BIPV systems are expected to seamlessly integrate
with building designs while maintaining aesthetic appeal. Achieving this
integration can be challenging, as it requires collaboration between
architects, designers, and BIPV manufacturers to develop customized solutions
that meet both energy generation and design requirements. Collaboration between
architects and BIPV manufacturers is crucial to develop aesthetically pleasing
and functional BIPV solutions. Manufacturers are investing in research and
development to create innovative BIPV products that can blend harmoniously with
various architectural styles. Customization options and design flexibility are
also being emphasized to meet the diverse needs of building projects.
Technological Efficiency and Performance
The efficiency and performance of BIPV
systems must match or exceed that of traditional solar panels. Achieving high
conversion efficiency while maintaining architectural integration and design
can be technically challenging. Ongoing research and development
efforts are focused on improving the efficiency of BIPV modules, making them
competitive with traditional solar panels. Innovative technologies, such as
transparent solar panels and multi-functional BIPV solutions, are being
explored to maximize energy generation while meeting architectural and design
criteria.
Durability and Longevity
BIPV systems must demonstrate durability
and longevity to provide a reliable and long-term source of clean energy.
Exposure to the elements, including UV radiation, rain, and temperature
fluctuations, can affect the performance and lifespan of BIPV components. BIPV
manufacturers are investing in materials and coatings that enhance the
durability and weather resistance of their products. Quality control measures,
standardized testing protocols, and warranty programs are being implemented to
assure customers of the longevity and reliability of BIPV systems.
Key Market Trends
Technological Advancements in BIPV
Modules
The global Building Integrated
Photovoltaic (BIPV) market is experiencing a transformative evolution driven by
technological advancements, environmental consciousness, and the increasing
demand for sustainable building solutions. BIPV systems have emerged as a key
player in the renewable energy landscape, offering a seamless integration of
solar energy generation into building structures. In this comprehensive
analysis, we will explore the prominent trends shaping the global BIPV market
and their profound impact on sustainable building practices. The rapid progress
in solar PV technology has led to the development of advanced BIPV modules with
improved energy conversion efficiency. High-efficiency solar cells, such as
PERC (Passivated Emitter Rear Cell) and bifacial solar cells, are being
integrated into BIPV products, allowing for higher energy yields from limited
surface areas. Moreover, transparent solar panels and solar glass are becoming
increasingly popular, enabling architects to incorporate solar elements into
windows, facades, and roofing materials without sacrificing natural light or
aesthetics. Enhanced BIPV module technology is instrumental in boosting the
overall performance of BIPV systems. It enables buildings to generate more
clean energy while maintaining architectural aesthetics. As a result, BIPV
systems are more attractive to designers and developers seeking sustainable
solutions.
Solar Energy Harvesting from Multiple
Building Elements
BIPV is expanding beyond traditional
solar panels to encompass multiple building elements, including windows,
facades, roofing, and shading systems. BIPV technology is evolving
to harness solar energy from various building components, transforming them
into energy generators. Solar windows, for instance, incorporate transparent
solar cells that allow natural light to pass through while generating electricity.
Similarly, solar shingles and solar roofing materials are designed to replace
conventional roofing materials while producing clean energy. This
diversification of BIPV applications offers architects and builders more
flexibility in integrating solar solutions into their designs. The
ability to harvest solar energy from multiple building elements enhances the
overall energy generation capacity of structures, making BIPV even more
appealing for sustainable building projects. It enables buildings to maximize
their energy production potential while maintaining architectural aesthetics.
Segmental Insights
Technology Insights
Crystalline silicon segment led the market and accounted for 70% of the
global revenue share in 2022. Crystalline silicon cells can be integrated into
building roofs by using smart mounting systems, which replace the sections of
the roof while keeping its integrity intact. This type of integration does not
account for large investments and provides high efficiency. Another option of
integration is the replacement of roof tiles with crystalline silicon cells. In
addition, the market witnesses the use of anti-reflective coatings, which aid
the capture of solar energy and provide superior efficiency. Crystalline
silicon has the highest energy conversion efficiency at present; commercial
modules typically convert 13%–21% of the incident sunlight into electricity.
Application Insight
The roof installation segment led the market and accounted for the largest
revenue share in 2022. The roof segment will maintain its lead throughout the
forecast period. Photovoltaics integrated with building roofs are known to
exhibit efficiency due to improved incidence of light on the roof surface. The
segment accounted for the highest market share in 2022 owing to the higher
strength and improved aesthetic appeal of integrated roofs and skylights. The
demand for building integrated roofs is expected to increase over the forecast
period due to the development of superior products. The market is
anticipated to have a steady growth in all segments as the demand for BIPV
increases. Superior efficiency of solar walls due to strong incident sunlight
is expected to drive the demand for BIPV in walls over the forecast period.
Introduction of advanced low-weight solar panels is expected to facilitate the
demand for building integrated walls. The development of advanced solutions
such as the combination of amorphous silicon transparent glass solar panels
with an opaque glazing unit is likely to drive the demand for BIPV in these
applications. The use of double- and triple-glazed insulating glass in BIPV
walls is also expected to boost the product demand in the forecast period. BIPV
facades experience high demand, primarily in the developed economies that have
a well-established electricity distribution system. The demand for integration
of photovoltaics with facades is driven by their increasing installation in the
commercial sector. Glass integrations are expected to grow on account of high
transparency of integrated systems coupled with superior integration of glass
and BIPV cells. The development of photovoltaic materials with high absorption
is expected to propel the product demand over the forecast period.
Others application segment include shading and membranes. The demand for
such products is high in residential installations due to the development of
lightweight materials for use in uneven surfaces. The installations do not
generally use crystalline silicon photovoltaic module, as the structure is
incapable of supporting heavy weight.
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Regional Insights
The
Europe region has established itself as the leader in the Global Building
Integrated Photovoltaic (BIPV) Market with
a significant revenue share in 2022.
Europe dominated the global market in
2022 and accounted for the largest revenue share of over 37.42%.Favorable
outlook toward renewable energy coupled with consumer awareness for the same in
European countries is likely to drive the market for BIPV over the forecast
period. Germany and Italy are increasingly emphasizing the use of solar energy,
which is expected to translate into higher adoption of BIPV, thus promoting
industry growth in the forecast period. The
demand for building-integrated photovoltaics in commercial establishments is
likely to be fueled by the growing number of retrofit projects using these
installations. The high emphasis on the aesthetic appeal of solar
energy-harnessing systems, primarily in commercial establishments, is likely to
fuel the product demand in this sector. The demand for building-integrated
photovoltaics in residential sector is expected to be driven in the forecast
period owing to increasing awareness regarding the use of renewable sources of
energy for electricity generation among the consumers. However, high cost of
integration of photovoltaics into the building envelope is expected to act as a
restraint for the market growth over the forecast period.
Recent Developments
- In June 2019, a German company TS Solar GmbH
claimed that its thin-film cadmium-tellurium PV modules have achieved the
efficiency of the crystalline modules.
- In June 2019, a building-integrated
photovoltaics manufacturer midsummer installed its first integrated solar cell
roof in Sweden. Midsummer offers equipment for manufacturing of thin-film solar
cells.
- In June 2019, ICC Evaluation service issued a
certification to Tesla Inc. for the solar roof system which is composed of
electrically active BIPV and nonBIPV roof tiles.
Key Market Players
- First Solar, Inc
- Solaria Corporation
- SunPower Corporation
- Hanergy Thin Film Power Group
- Trina Solar
- Onyx Solar
- Dow Solar:
- Tesla, Inc.
- Canadian Solar
- Sungrow Power Supply Co., Ltd.
|
By Technology
|
By Application
|
By End-User
|
By Region
|
- Crystalline Silicon
- Thin Film
- Others
|
- Roofs
- Walls
- Glass
- Façade
- Others
|
- Residential
- Commercial
- Industrial
|
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
|
Report Scope:
In this report, the Global Building Integrated Photovoltaic (BIPV) Market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
·
Global Building Integrated Photovoltaic
(BIPV) Market, By Technology:
o
Crystalline Silicon
o
Thin Film
o Others
·
Global Building Integrated Photovoltaic
(BIPV) Market, By
Application:
o
Roofs
o
Walls
o
Glass
o
Façade
o Others
·
Global Building Integrated Photovoltaic
(BIPV) Market, By
End User:
o
Residential
o
Commercial
o Industrial
·
Global Building Integrated Photovoltaic (BIPV) Market, By
Region:
o
North America
§ United
States
§ Canada
§ Mexico
o
Asia-Pacific
§ China
§ India
§ Japan
§ South
Korea
§ Indonesia
o
Europe
§ Germany
§ United
Kingdom
§ France
§ Russia
§ Spain
o
South America
§ Brazil
§ Argentina
o
Middle East & Africa
§ Saudi
Arabia
§ South
Africa
§ Egypt
§ UAE
§ Israel
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the Global Building Integrated
Photovoltaic (BIPV) Market.
Available Customizations:
Global Building Integrated Photovoltaic (BIPV) Market report with the given market data, Tech
Sci Research offers customizations according to a company's specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Global Building Integrated Photovoltaic (BIPV) Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]
|
Forecast Period
|
2024-202
|
|
Market Size (2022)
|
USD 15.02 Billion
|
|
CAGR (2023-2028)
|
22.03%
|
|
Fastest Growing Segment
|
Crystalline silicon
|
|
Largest Market
|
Europe
|