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

  • ID: 3275703
  • Report
  • May 2021
  • Region: Global
  • 605 pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • AGC Inc.
  • Canadian Solar, Inc.
  • Ertex solartechnik GmbH
  • Global Solar Energy, Inc.
  • Hanwha Q CELLS Co., Ltd.
  • Onyx Solar Energy S.L.
  • MORE

Global Building Integrated Photovoltaics (BiPV) Market to Reach $23.3 Billion by 2027


Amid the COVID-19 crisis, the global market for Building Integrated Photovoltaics (BiPV) estimated at US$10.3 Billion in the year 2020, is projected to reach a revised size of US$23.3 Billion by 2027, growing at a CAGR of 12.4% over the analysis period 2020-2027. C-Si, one of the segments analyzed in the report, is projected to record a 12.3% CAGR and reach US$16.3 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 13.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 16.2% CAGR


The Building Integrated Photovoltaics (BiPV) market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5 Billion by the year 2027 trailing a CAGR of 16.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.6% and 11.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.7% CAGR.

Other Technologies Segment to Record 10% CAGR


In the global Other Technologies segment, USA, Canada, Japan, China and Europe will drive the 9.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$772.8 Million in the year 2020 will reach a projected size of US$1.5 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$2.8 Billion by the year 2027, while Latin America will expand at a 10.5% CAGR through the analysis period.

Select Competitors (Total 104 Featured) -

  • 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.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AGC Inc.
  • Canadian Solar, Inc.
  • Ertex solartechnik GmbH
  • Global Solar Energy, Inc.
  • Hanwha Q CELLS Co., Ltd.
  • Onyx Solar Energy S.L.
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • With COVID-19 Pandemic Crushing the Sentiment in the World Construction Sector, BIPV Market Set to Exhibit Substantial Decline in 2020
  • COVID-19 Induced Supply Chain Disruptions Weaken Construction Activity, Curtailing Demand for BIPV Solutions
  • Prevailing Weak Global Economic Environment & Negative Tide in GDP Forecasts Strongly Discourage BIPV Market
  • Exhibit 1: World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Introduction to Building Integrated Photovoltaics (BIPV)
  • An Insight into BIPV Technologies
  • Exhibit 2: Cell and Module Efficiency of Commercial PV Technologies: A Comparison
  • Comparison between Crystalline Silicon and Thin Film Technologies
  • Exhibit 3: Comparison Chart of Solar Cell Efficiencies for Crystalline Silicon and Thin Films with respect to Temperature
  • BIPV Applications
  • Merits & Demerits of BIPV Products in Various Applications
  • As the New Age ‘Building Envelope Material’ and ‘Power Generator’, BIPV Set to Resume Progressive Gains in Post COVID-19 Environment
  • Growth Drivers in a Nutshell
  • Image of BIPV as an Economically Viable, Multifunctional, Renewable Energy Source for Buildings to Stir Future Opportunities
  • Developed Countries Lead Market, Developing Economies to Spearhead Future Growth
  • Analysis by Technology Type
  • C-Si: Primary Technology Vertical in the BIPV Domain
  • Thin Film Technology Set to Make Robust Gains
  • Analysis by Application Type
  • Roofing Remains the Largest Application Segment for BIPV Market
  • With Solar Roofing Shingles & Tiles Gaining Popularity, Roofing Set to Solidify its Dominant Position
  • Glass Emerges as High Growth Application Segment
  • BIPV Walls Seek to Widen Addressable Market
  • Façades: Niche Application Area
  • Competitive Scenario: BIPV Market Characterized by High Degree of Fragmentation
  • Recent Market Activity
  • Glass Industry Players Seek Opportunities in BIPV Vertical
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Emphasis on Energy-Efficient, Green, LEED Buildings Builds Fertile Environment for BIPV Market
  • Relevance of Zero Energy Building Constructions Bodes Well for Future Growth
  • Smart City, the New Urban Infrastructure Model, to Steer Next Wave of Growth in BIPV Market
  • Sustained Rise in Global Electricity Demand Creates Conducive Scenario for Wider Uptake of BIPV Solutions
  • Exhibit 4: Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • Exhibit 5: Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
  • Exhibit 6: Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
  • Exhibit 7: Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
  • BIPV Market Stands to Gain from Growing Focus on Renewable Energy Sources
  • Exhibit 8: Targets for Electricity Production from Renewable Energy Sources in Select Countries
  • Exhibit 9: Leading Countries with Renewable Energy as % of total Energy
  • Exhibit 10: Global CO2 Emissions (2015. 2020, 2040 & 2050): Percentage Breakdown of Volume Emissions by Fuel Type
  • With Solar Energy Emerging as Reliable Renewable, BIPV Anticipates Parallel Momentum
  • Exhibit 11: Top 10 Countries Worldwide by Annual PV Installed Capacity (2019)
  • Exhibit 12: Top 10 Countries Worldwide by Cumulative PV Installed Capacity in in GW (2019)
  • Government Participation in Boosting Solar Energy Uptake Elevates Momentum in BIPV Domain
  • Future Prospects Remain Favorable Amid Growing Population & Urbanization Drive
  • Exhibit 13: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Exhibit 14: Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
  • Industrial Sector: Largest Revenue Contributor
  • Fast Paced Growth Anticipated in Commercial Buildings Vertical
  • BIPV Solutions Remain Highly Relevant in Residential Buildings
  • Besides New Installations, High-Growth Opportunities Exist for BIPV in Retrofit Market
  • Retrofit Opportunity in Government, Prestige, & Historic Buildings Verticals
  • Technology Advancements & Product Innovations Widen Addressable Market for BIPV Solutions
  • Advanced R&D Efforts Bring Forth BIPV-T Solar Roofing Technology
  • Colored Photovoltaic Continue to Gain Traction in BIPV R&D Programs
  • Customized PV Systems Emerge as New R&D Focus Area
  • Sonnenstromfabrik Brilliant PV Modules
  • IRIG Develops Self-Adjusting BIPV Panels
  • Meyer Burger’s SmartWire Connection Technology (SWCT)
  • Metal Wrap Through (MWT) Technology
  • Passivated Emitter and Rear Cell (PERC) Technology
  • Organic Solar PV Cells
  • DysCrete Building Material
  • Solar Cloth PVs
  • Perovskite Materials
  • Select Innovations in the Photovoltaic Panels Market: 2020
  • A Glance at BIPV-Related Standards & Codes
  • International Electrotechnical Commission (IEC) Standards
  • Underwriters Laboratory (UL) Standards
  • Growth Barriers & Restraints
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • Commercial Availability of Aesthetically-Pleasing Solutions Marks Swift Adoption of BiPV
  • Trend towards Green Constructions and LEED Certification to Favor Growth Post COVID-19 Pandemic
  • Net Zero Building: The Trend to Watch Out for
  • COVID-19-led Construction Slowdown Defuses Enthusiasm Surrounding California’s Solar Mandate
  • COVID-19 Impact on Housing Market
  • Housing Projects Scenario
  • Exhibit 15: Key Indicators for US Residential Construction Market
  • Exhibit 16: New Privately-Owned Housing Units (in ‘000) Authorized in Permit-Issuing Places, and Completed
CANADA

JAPAN

CHINA
  • Market Overview
  • Focus on Building Energy Conservation to Drive Market Growth Post COVID-19 Pandemic
EUROPE
  • Europe: The Largest BIPV Market
  • Need to Reduce Energy Consumption Drives Demand for BIPV Products
  • Exhibit 17: Energy Consumption in EU28 (2017): Percentage Breakdown of Energy Demand by Sector
  • BiPV Drives EU Energy Market towards Renewable and Decentralized System
  • BIPV Product Pricing Impacts Technology Adoption
  • Exhibit 18: Price Comparison of BIPV Roofing Solutions, Traditional Roofing Materials and In-Roof Mounting System in Europe
  • Exhibit 19: Price Comparison of BIPV Façade Solutions and Traditional Façade Materials in Europe
  • Favorable Policy Framework to Stimulate Adoption of BIPV Systems
  • Influx of Advanced Solutions to Drive Uptake of BIPV Technology
  • European Companies Seek Newer PV Materials
  • Renovation Market Offer Ample Opportunities for BIPV Products
  • Exhibit 20: Renovation Rate of Residential Buildings (%) in Select Countries across the EU
  • Restraining Factors
FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC
  • Escalating Energy Demand: A Major Growth Factor for BIPV
AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST
  • An Overview
IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 104
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 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.
Note: Product cover images may vary from those shown
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