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.
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
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