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Building Integrated Photovoltaics (BiPV) - Global Market Trajectory & Analytics

  • ID: 3275703
  • Report
  • July 2020
  • Region: Global
  • 424 pages
  • Global Industry Analysts, Inc
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Global Building Integrated Photovoltaics (BiPV) Market to Reach US$39.9 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Building Integrated Photovoltaics (BiPV) estimated at US$12.7 Billion in the year 2020, is projected to reach a revised size of US$39.9 Billion by 2027, growing at a CAGR of 17.8% over the analysis period 2020-2027.C-Si, one of the segments analyzed in the report, is projected to grow at a 17.5% CAGR to reach US$29.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Thin Film segment is readjusted to a revised 20% CAGR for the next 7-year period. This segment currently accounts for a 17.2% share of the global Building Integrated Photovoltaics (BiPV) market.

The U. S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 22.8% CAGR for the Period of 2020-2027

The Building Integrated Photovoltaics (BiPV) market in the U. S. is estimated at US$3.4 Billion in the year 2020. The country currently accounts for a 26.91% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$9.4 Billion in the year 2027 trailing a CAGR of 22.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.8% and 15.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14% CAGR while Rest of European market (as defined in the study) will reach US$9.4 Billion by the year 2027.

Other Technologies Segment Corners a 8.8% Share in 2020

In the global Other Technologies segment, USA, Canada, Japan, China and Europe will drive the 14.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$836.5 Million in the year 2020 will reach a projected size of US$2.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.3 Billion by the year 2027, while Latin America will expand at a 16.9% CAGR through the analysis period. The publisher brings years of research experience to this 18th edition of our report. The 424-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • Asahi Glass Co., Ltd.
  • CertainTeed Corporation
  • Ertex solartechnik GmbH
  • Greatcell Solar Limited
  • Hanergy Holding Group Ltd.
  • Onyx Solar Energy S. L.
  • Romag
  • Scheuten Glas Nederland B. V.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

BIPV - An Integrated, Economically Viable and Non Renewable Energy Source for Buildings

Recent Market Activity

BIPV: The New Age "Building Envelope Material" and "Power Generator"

Shift towards Green Technologies and Government Support BIPV Installations

Outlook

Growth Drivers in a Nutshell

Developed Countries Lead Market, Developing Economies to Spearhead Future Growth

Commercial Sector Leads BIPV Installations

Growing Use of BIPV in Rooftop and Architectural Applications

BIPV Roofing Market - Residential Building Activity Favors Growth

Tesla’s Focus on BIPV Roofing to Stimulate BIPV Market

BIPV Solar Shingle Roofs - The Latest Trend

C-Si Technology Continues to Hold Ground in the BIPV Market

CIGS - An Emerging Thin Film Technology to Take the Lead

New CIGS Products to Promote BIPV Adoption

Trend towards Green/LEED Buildings Offer Potential

Growing Focus on Renewable Sources of Energy Favors Market Growth

Robust Growth for Solar PV Industry: Promising Outlook for BIPV Market

Government Participation in Boosting Solar Energy: Critical to Market Fortunes

Growth Barriers/Restraints

Absence of BIPV Specific Standards and Codes

Variation in Measurement Units in Building Sector and PV Industry

Lack of Proper Awareness

Short Duration of Warranty Period for PV Modules

Threat of Competitive Renewable Energy Technologies

A Glance at Competitive Renewable Energy Technologies/Solutions

Others Major Barriers to Growth

Competitive Landscape

BIPV Market Presents Opportunities for Glass Industry Players

Dow Exits CIGS Solar Shingles Market

Bankruptcy of Solar PV Players - Implications for the BIPV Market

Global Competitor Market Shares

Building Integrated Photovoltaics (BiPV) Competitor Market Share Scenario Worldwide (in %):2020 & 2029

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

Solar Panel/Module Manufacturers

Ascent Solar Technologies, Inc. (USA)

Canadian Solar, Inc. (Canada)

Greatcell Solar Limited (Australia)

First Solar, Inc. (USA)

Hanergy Holding Group Ltd. (China)

Global Solar Energy, Inc. (USA)

Hanwha Q CELLS Co., Ltd. (South Korea)

Heliatek GmbH (Germany)

Sharp Corporation (Japan)

Trina Solar (China)

Wuxi Suntech Power Co., Ltd. (China)

Yingli Green Energy Holding (China)

BIPV Product Manufacturers/Suppliers

Asahi Glass Co., Ltd. (Japan)

BELECTRIC GmbH (Germany)

CertainTeed Corporation (USA)

Ertex solartechnik GmbH (Austria)

Onyx Solar Energy S.L. (Spain)

Romag (UK)

Scheuten Glas Nederland B.V. (Netherlands)

3. MARKET TRENDS & DRIVERS

Spiraling Demand for Electricity Worldwide: A Strong Growth Driver

Population Growth & Rapid Pace of Urbanization Aids Market Growth

Trend towards Zero Energy Building Constructions - An Opportunity for BIPV Market

BIPV - A Vital Element of Smart Cities Initiative

Financial Incentives for Solar PV & BIPV: A Strong Growth Driver

Focus on Energy Efficient Constructions to Drive Prospects for BIPV

Multifunctionality Image Spurs Wider Adoption

Product/Technology Advancements to Back Market Growth

SmartWire Connection Technology (SWCT)

Metal Wrap Through (MWT) Technology

Perovskite Materials

PERC Technology

Organic Solar PV Cells

Dyscrete Building Material

Solar Cloth PVs: A Promising Future

BIPV-T Systems: The Latest in Solar Roofing Technology

BIPV-T Systems for Retrofit Projects

Development of Customized PV Systems: A Key Focus Area

BIPV System in Retrofit Projects: Favorable Prospects in Store

Retrofit BIPV Solutions for Historical Buildings

Solar Tiles and Roofing Shingles Grow in Popularity

Solar-Ready Roofs Gaining Acceptance in Commercial and Residential Buildings

BIPV Glass Market: High Growth on Offer

Technologies used in BIPV Glass

Colored Photovoltaics Systems Set to Gain Momentum

Resurgent Activity in Non-Residential Sector Spurs Growth in BIPV Glass Market

Flexible Thin Film Photovoltaics Gain Attention

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Building Integrated Photovoltaics (BiPV) Market Share (in %) by Company: 2020 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Building Integrated Photovoltaics (BiPV) Market: Competitor Market ShareScenario (in %) for 2020 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 85

Note: Product cover images may vary from those shown
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