Building-integrated Photovoltaics Market size was valued at US$ 12.23 Bn. in 2021 globally and revenue is expected to grow at 23.25 % from 2022 to 2029, reaching nearly US$ 65.12 Bn.
Building-integrated Photovoltaics Market Overview:Building-integrated photovoltaics (BIPVs) are solar power-producing components used in the construction of building roofs, facades, and skylights. These elements typically include the integration of photovoltaic modules, a system for supplying backup generators, a charge controller, a power storage system, and other supporting hardware. BIPV materials perform better than their conventional counterparts in a variety of ways, such as increased architectural integration, on-site power generation, zero emissions, high energy savings, and optimal shading. To know about the Research Methodology :- Request Free Sample Report The MMR research methodology started with gathering information on the key vendors' revenue through secondary and primary research in order to estimate and forecast the market for Building-integrated Photovoltaics. The study of various industry-affecting factors, such as government policy, the market environment, the competitive landscape, historical data, current market trends, technological development, upcoming technologies, and the rapid progress in related industries, as well as market risks, opportunities, barriers, and challenges, was a part of the research process. To divide the market into segments, by Technology (Crystalline silicon, thin film, Others), End Users (Residential, Commercial, Industrial), Application (Roofs, Walls, Glass, Façade, Others) vendors' offerings are taken into account. These segments were then confirmed through primary research by conducting in-depth interviews with important figures, including chief executive officers (CEOs), vice presidents (VPs), directors, and executives.
Building-integrated Photovoltaics Market Dynamics:The MMR report contains a detailed study of factors that will drive and restrain the growth of the building-integrated photovoltaics market. BIPVs Increases Buildings' Aesthetic Value When compared to conventional building materials, building-integrated photovoltaic (BIPV) technologies offer building more capabilities. A building that uses energy becomes an energy producer thanks to BIPV technology. In order to do this, BIPV technology must be combined with construction technology. Roofs, façades, and skylights are examples of outside architectural features where photovoltaic modules are used. Buildings benefit from BIPV in terms of noise reduction, thermal insulation, and weather protection. Due to the dearth of available ground land and the availability of underutilized roof space, rooftop solar photovoltaic (PV) systems are becoming more and more common. Increasing R&D Activities to Boost Market Growth Progressively, modern roofing innovations that can simultaneously generate heat and electricity are starting to take the place of traditional single-purpose roofs. The majority of commercial PV modules are typically not very efficient in converting solar energy into electricity. It has been shown that PV modules often offer efficiency values between 6% and 18%. Usually, the leftover energy is lost as heat or through reflection. Building-integrated Photovoltaics Market Driven by Favorable Government Initiatives and Policies To address climate challenges, major nations around the world are implementing legislation to transition to ultra-low energy buildings. In 2020, all new structures must be nearly zero-energy buildings (nZEBs) in all EU member states, according to the European Union's (EU) Energy Performance of Buildings Directive (EPBD). A number of notable subnational governments, most notably the States of California and Massachusetts in the United States, have created ambitious ZEB aims. The U.S., Japan, and Korea have also adopted ZEB policies and goals. Opportunities for BIPVs Market: Future-oriented developments in mainstream solar technology and other related fields are expected to boost investor confidence in the sector and raise funding for R&D activities. Technology start-ups are anticipated to enter the market for creating integrated photovoltaics and employ cutting-edge, up-to-date, and functionally tested technology. Existing vendors will keep expanding their product lines. Therefore, during the forecast period, new and efficient solar panels will provide opportunities. Some Of The Major Challenges Faced by The BIPV Market Are: The rapid increase in demand for BIPV roof solutions is being hampered by the lack of homogeneity in photovoltaic tiles. The roof products have a high potential in major nations because of the slanting roof designs. On the other hand, thin-film BIPV and facade applications are more common in APAC and MEA regions where the roof shape is often flat. Trends: Smart Cities, the New Urban Infrastructure Model, Will Guide the BIPV Market's Upcoming Wave of Growth Objectives for the Production of Electricity from Renewable Sources in Selected Countries Rapid Growth in Commercial Buildings Vertical Is Expected Buildings that use zero energy are relevant and will likely grow in the future. Government Support for Solar Energy Uptake Increases Momentum in BIPV Sector.
Building-integrated Photovoltaics Market Segment Analysis:The MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the building-integrated photovoltaic market size. By Technology, in 2021, the BIPVs market was dominated by the crystalline silicon segment, owing to its greater resilience to inclement weather and high strength. The pricing of crystalline silicon cells is anticipated to be the main driver of the global market during the projected period, which is also anticipated to result in lower installation costs. Based on Application, the roof segment is expected to grow at the highest CAGR during the forecast period thanks to the availability of a larger panel installation area for BIPV. Residential roof installations are anticipated to see a surge in demand in nations like the U.S., the UK, Germany, and France. Additionally, during the forecast period, it is anticipated that increasing energy storage system deployment will support demand for off-grid solar PV systems. By End Users, in 2021, the industrial sector dominated the market and held the biggest market share. Building-integrated photovoltaics are predicted to become more popular as a means of reducing dependency on non-renewable energy sources, which will increase demand for them in industrial applications. In the wake of rising usage in the European region, the segment is expected to grow. In an effort to enhance the visual appeal of buildings, businesses in developed countries in Europe also show an increased propensity toward the usage of integrated photovoltaics.
Building-integrated Photovoltaics Market Regional Insights:Europe led the global BIPV market and contributed more than 36% of all revenues In 2021: The market for BIPV in Europe is expected to be driven by a favorable outlook for renewable energy as well as consumer awareness of the same in nations across Europe during the forecast period. Solar energy utilization is being emphasized more and more in Germany and Italy. During the projection period, this is anticipated to increase the adoption of solar panels integrated into buildings in these countries. The demand for PV is increasing in the Nordics because solar energy is the most affordable form of electricity there. In spite of the lack of specific subsidies and extensive rules, BIPV usage has increased steadily and optimistically in nations like Norway and Sweden. The economic viability of the BIPV system as a building envelope material in Norway is what is promoting its adoption. APAC: Solar PV technology has been very successfully implemented in various industries in the most economical method in the Asia-Pacific. The region's technological advancements have matured and prices have been steadily falling. With new, cutting-edge technology for BIPV, rooftop, and many other applications, nations like China, India, Japan, and the ASEAN nations have demonstrated their capabilities in the field of solar power generation. China: The PV industry's production scale in China accounted for more than 50% of the global total for each technology and is anticipated to continue to lead in the near future. To develop 950 MW of solar PV in China over the following five years, steel producer China Southeast Space Frame Group (SSFG) and back sheet maker First PV established a joint venture business in September 2021. The corporate headquarters of the company will be in Hangzhou, Zhejiang province. India: For the growing market, BIPV businesses are also looking at prospects in India. Future low-energy housing market growth is anticipated to be significantly impacted by building integrated PV, along with PV roof applications and curtain wall installations. Competitive Landscape: The following major companies in the worldwide building-integrated photovoltaics market are examined in-depth in the study, with an eye on their capacity, competitive environment, and most recent developments, such as capacity growth, plant turnarounds, and mergers and acquisitions: In order to upgrade Sterling Bank's Nigerian headquarters in 2021, Onyx Solar, a Spanish manufacturer of building-integrated photovoltaics solar systems, has started development on a building-integrated photovoltaics solar facade. On the building's front, 3,250 crystalline solar modules will be mounted. The project will be finished in two to three years from the start. A new joint venture firm was established in September 2021 by the steel producer China Southeast Space Frame Group (SSFG) and the manufacturer of back sheets First PV with the goal of installing 950 MW of BIPV capacity in China during the ensuing five years. The new business will have its headquarters in the province of Zhejiang's Hangzhou. The objective of the report is to present a comprehensive analysis of the Building-integrated Photovoltaics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. The report also helps in understanding the Building-integrated Photovoltaics Market dynamics, and structure by analyzing the market segments and projecting the Building-integrated Photovoltaics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Building-integrated Photovoltaics Market make the report investor’s guide.
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Global Building-integrated Photovoltaics Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 12.23 Bn. Forecast Period 2022 to 2029 CAGR: 23.25 % Market Size in 2029: US $ 65.12 Bn. Segments Covered: by Technology • Crystalline silicon • Thin film • Others by Application • Roofs • Walls • Glass • Façade • Others by End Users • Residential • Commercial • Industrial
Building-integrated Photovoltaics Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Building-integrated Photovoltaics Market Key Players• Ascent Solar Technologies, Inc. • Canadian Solar, Inc. • Greatcell Energy Limited • First Solar, Inc. • Hanergy Holding Group Ltd. • Global Solar Energy, Inc. • Hanwha Q CELLS Co., Ltd. • Heliatek GmbH • Sharp Corporation • Trina Solar • Wuxi Suntech Power Co., Ltd. • Yingli Green Energy Holding • AGC Inc. • BELECTRIC GmbH • CertainTeed Corporation • Ertex solartechnik GmbH • Onyx Solar Energy S.L. • Romag • Scheuten Glas Nederland B.V. Frequently Asked Questions: 1] What segments are covered in the Building-integrated Photovoltaics Market report? Ans. The segments covered in the Building-integrated Photovoltaics Market report are based on Technology, Application and End-User. 2] Which region is expected to hold the highest share in the Building-integrated Photovoltaics Market? Ans. Europe region is expected to hold the highest share in the Building-integrated Photovoltaics Market. 3] What is the market size of the Building-integrated Photovoltaics Market by 2029? Ans. The market size of the Building-integrated Photovoltaics Market by 2029 is US$ 65.12 Bn. 4] What is the forecast period for the Building-integrated Photovoltaics Market? Ans. The forecast period for the Building-integrated Photovoltaics Market is 2022-2029. 5] What was the market size of the Building-integrated Photovoltaics Market in 2021? Ans. The market size of the Building-integrated Photovoltaics Market in 2021 was US$ 12.23 Bn.
1. Global Building-integrated Photovoltaics Market: Research Methodology 2. Global Building-integrated Photovoltaics Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Building-integrated Photovoltaics Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Building-integrated Photovoltaics Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Building-integrated Photovoltaics Market Segmentation 4.1. Global Building-integrated Photovoltaics Market, By Technology (2021-2029) • Crystalline silicon • Thin film • Others 4.2. Global Building-integrated Photovoltaics Market, By Application (2021-2029) • Roofs • Walls • Glass • Façade • Others 4.3. Global Building-integrated Photovoltaics Market, By End-User (2021-2029) • Residential • Commercial • Industrial 5. North America Building-integrated Photovoltaics Market (2021-2029) 5.1. North America Building-integrated Photovoltaics Market, By Technology (2021-2029) • Crystalline silicon • Thin film • Others 5.2. North America Building-integrated Photovoltaics Market, By Application (2021-2029) • Roofs • Walls • Glass • Façade • Others 5.3. North America Building-integrated Photovoltaics Market, By End-User (2021-2029) • Residential • Commercial • Industrial 5.4. North America Building-integrated Photovoltaics Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Building-integrated Photovoltaics Market (2021-2029) 6.1. European Building-integrated Photovoltaics Market, By Technology (2021-2029) 6.2. European Building-integrated Photovoltaics Market, By Application (2021-2029) 6.3. European Building-integrated Photovoltaics Market, By End-User (2021-2029) 6.4. European Building-integrated Photovoltaics Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Building-integrated Photovoltaics Market (2021-2029) 7.1. Asia Pacific Building-integrated Photovoltaics Market, By Technology (2021-2029) 7.2. Asia Pacific Building-integrated Photovoltaics Market, By Application (2021-2029) 7.3. Asia Pacific Building-integrated Photovoltaics Market, By End-User (2021-2029) 7.4. Asia Pacific Building-integrated Photovoltaics Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Building-integrated Photovoltaics Market (2021-2029) 8.1. Middle East and Africa Building-integrated Photovoltaics Market, By Technology (2021-2029) 8.2. Middle East and Africa Building-integrated Photovoltaics Market, By Application (2021-2029) 8.3. Middle East and Africa Building-integrated Photovoltaics Market, By End-User (2021-2029) 8.4. Middle East and Africa Building-integrated Photovoltaics Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Building-integrated Photovoltaics Market (2021-2029) 9.1. South America Building-integrated Photovoltaics Market, By Technology (2021-2029) 9.2. South America Building-integrated Photovoltaics Market, By Application (2021-2029) 9.3. South America Building-integrated Photovoltaics Market, By End-User (2021-2029) 9.4. South America Building-integrated Photovoltaics Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Ascent Solar Technologies, Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Canadian Solar, Inc. 10.3. Greatcell Energy Limited 10.4. First Solar, Inc. 10.5. Hanergy Holding Group Ltd. 10.6. Global Solar Energy, Inc. 10.7. Hanwha Q CELLS Co., Ltd. 10.8. Heliatek GmbH 10.9. Sharp Corporation 10.10. Trina Solar 10.11. Wuxi Suntech Power Co., Ltd. 10.12. Yingli Green Energy Holding 10.13. AGC Inc. 10.14. BELECTRIC GmbH 10.15. CertainTeed Corporation 10.16. Ertex solartechnik GmbH 10.17. Onyx Solar Energy S.L. 10.18. Romag 10.19. Scheuten Glas Nederland B.V.