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Building Integrated Photovoltaics (BIPV) Market - Global Outlook and Forecast 2021-2026

  • ID: 5306525
  • Report
  • March 2021
  • Region: Global
  • Arizton
UP TO OFF until May 31st 2022
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

FEATURED COMPANIES

  • BIPVco
  • First Solar
  • ISSOL
  • Nippon Sheet Glass
  • REC Solar Holdings AS
  • SunPower
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Building Integrated Photovoltaics Market Report



The global building integrated photovoltaics market by revenue is expected to grow at a CAGR of over 16% during the period 2021-2026.

The global market has observed a rapid growth in Europe, North America, and parts of APAC in recent years. With the improvement in infrastructure, lux residential complexes, commercial office spaces, airports, and hospitals, the demand for sustainable energy products, including BIPV, is growing. The market has historically been concentrated in the US and Europe and accounted for the highest installations; however, emerging economies are currently contributing toward the BIPV demand significantly. The application of BIPV products in the residential sector is expected to increase with the growth in awareness and increase in disposable incomes in developing regions. Along with the rising demand for new installations, the market in developed regions is witnessing an increased demand from retrofit projects.

The following factors are likely to contribute to the growth of the building integrated photovoltaics market during the forecast period:


  • Growth of Zero Energy Buildings
  • Development of Next-Gen BIPV Products
  • Popularity of Smart Homes
  • Preference for Non-conventional Energy Sources


The study considers the present scenario of the building integrated photovoltaics market and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Global Building Integrated Photovoltaics Market Segmentation

The global building integrated photovoltaics market research report includes a detailed segmentation by technology, application, end-users, geography. Crystalline silicon BIPV products dominated the building integrated photovoltaics market share of over 73% in 2020. Monocrystalline and polycrystalline modules witnessed high application in roofs. However, the growth in thin-film technologies is expected to capture a major share of first-generation silicon cells during the forecast period. The thin-film segment is expected to pose an absolute growth of 192% during the forecast period with the rise in preference for foil-based flexible modules. Crystalline-silicon products are ideal for residential buildings due to high efficiency coefficients. As residential buildings have space constraints, crystalline silicon PV products become the most preferred material choice for buildings, especially for roofs.

In 2020, BIPV roof products dominated the market with a share of over 63% due to innovations in crystalline technology. The customized portfolio for shingles and flexible thin-film foils is accelerating the demand for residential rooftops. Transparent solar modules could be the next major opportunity in the market. They usually consist of transparent crystalline modules and can be used as a window glazing in sunspaces and have the feasibility to be integrated with roofs. However, the steep increase in the demand for BIPV roof products is challenged due to the lack of standardization in photovoltaic tiles. The roof products have high potential in western economies due to slanting roof designs. The application of thin-film BIPV and façade, on the other hand, is higher in APAC and MEA regions, where the roof design is relatively flat.

With the implementation of solar power panels in building codes becoming compulsory, commercial buildings are expected to integrate PV systems in the building envelope. The adoption of BIPV products in commercial buildings offers dual benefits - acting as a structurally sound outer layer of the building and reducing power expenses as they can generate electricity for self-consumption. The commercial segment was the largest end-user that is expected to pose an absolute growth of 149% during the forecast period. The growth in flexible working spaces and increased importance of zero-energy practices could boost the usage of commercial BIPV products.

Technology


  • Thin-Films
  • Crystalline Silicon
  • Others


Application


  • Roof
  • Façade and Window


End-user


  • Commercial
  • Residential
  • Others


Insights by Geography

The Europe BIPV market is expected to grow at a CAGR of over 14% during the forecast period. As solar energy is the cheapest source of electricity in Nordics, the momentum for PV is growing in the region. The growth of BIPV has been steady and optimistic in countries such as Norway, Sweden despite the absence of special subsidies and wide policies. The BIPV system as a building envelope material is economically feasible in Norway that is driving the adoption. Homeowners in the Netherlands have shown keen interest in PV modules. Europe is one of the largest markets in terms of installed PV capacities and annual installations across the world. Institutions and industries in Europe are increasingly adopting eco-friendly or green technology to reduce carbon footprints from buildings. Buildings have become exceedingly complex with the incorporation of smart technology. While the beneficial economic factors that are capable to drive the demand for BIPV installation in Europe, there are certain policies and regulations that could hamper the demand for BIPV installation. Reduction in incentives and subsidies and decrease or removal of feed-in-tariff rates can adversely affect market growth in the region.

By Geography


  • North America
  • US
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • APAC
  • China
  • Japan
  • South Korea
  • Australia
  • Latin America
  • Brazil
  • Chile
  • Middle East & Africa
  • Saudi Arabia
  • UAE


Insights by Vendors

The global building integrated photovoltaics market is observing a flurry of activities, with new entrants queuing up to entry it. However, high initial capital investments hamper the entry of new players as development and commercialization of high-efficiency BIPV modules technology remain a capital-intensive affair. As the building integrated photovoltaics (BIPV) market grows with the growing adoption of solar energy in residential and commercial buildings, it is expected that vendors invest in enhancing their product portfolio during the forecast period. The incorporation of recyclability in manufacturing processes can enhance the significance of vendors in terms of sustainability and eco-friendliness. With solar energy witnessing traction, the potential for reducing energy costs is significantly high.

Prominent Vendors


  • First Solar
  • Yingli Solar
  • Solar Frontier K.K
  • Hanwha Solar
  • Hanergy Holding Group


Other Prominent Vendors


  • Solarcentury
  • Sharp Corporation
  • REC Solar Holdings AS
  • Panasonic
  • Wuxi Suntech Power Co.
  • Canadian Solar
  • KYOCERA Corporation
  • Onyx Solar Group
  • SunPower
  • Jinko Solar
  • Tesla
  • Heliatek
  • BIPVco
  • Visaka Industries
  • NanoPV Solar
  • Tractile
  • ISSOL
  • ertex Solar
  • Nippon Sheet Glass
  • BISOL
  • ViaSolis
  • Topsun Energy
  • Polysolar


Key Questions Answered

1. How is smart home automation growth affecting the BIPV market growth?
2. What are the major sustainable practices followed by building integrated photovoltaics manufacturers?
3. What is the market size and growth rate of the BIPV market during the period 2021-2026?
4. Which segment is likely to emerge as the largest revenue-generator during the forecast period?
5. Which regions are expected to dominate the BIPV market shares during the forecast period?
6. What are the market restraints impacting the building integrated photovoltaics market growth?


Frequently Asked Questions about the Global Building Integrated Photovoltaics (BIPV) Market

What is the estimated value of the Global Building Integrated Photovoltaics (BIPV) Market?

The Global Building Integrated Photovoltaics (BIPV) Market was estimated to be valued at $3.5 Billion in 2020.

What is the growth rate of the Global Building Integrated Photovoltaics (BIPV) Market?

The growth rate of the Global Building Integrated Photovoltaics (BIPV) Market is 16.1%, with an estimated value of $8.7 Billion by 2026.

What is the forecasted size of the Global Building Integrated Photovoltaics (BIPV) Market?

The Global Building Integrated Photovoltaics (BIPV) Market is estimated to be worth $8.7 Billion by 2026.

Who are the key companies in the Global Building Integrated Photovoltaics (BIPV) Market?

Key companies in the Global Building Integrated Photovoltaics (BIPV) Market include First Solar, Yingli Solar, Solar Frontier K.K, Hanwha Solar, Hanergy Holding Group, Solarcentury, Sharp Corporation, REC Solar Holdings AS and Wuxi Suntech Power Co..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BIPVco
  • First Solar
  • ISSOL
  • Nippon Sheet Glass
  • REC Solar Holdings AS
  • SunPower


1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 COVID-19 Impact
8 Market Opportunities & Trends
8.1 Growth Of Zero-Energy Buildings (Zebs)
8.2 Development Of Next-Gen Bipv Products
8.3 Rising Smart Home Penetration
9 Market Growth Enablers
9.1 Preference For Non-Conventional Energy Sources
9.2 Utilization In Sustainable Renovation Techniques
10 Market Restraints
10.1 High Initial Investment
10.2 Technical Barriers Affecting Scalability
10.3 Lack Of Awareness And Competition From Conventional Sources
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
12 Technology
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Crystalline Silicon
12.4 Thin-Film
12.5 Others
13 Application
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Roof
13.4 Façade And Window
14 End-User
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Commercial
14.4 Residential
14.5 Others
15 Geography
15.1 Market Snapshot & Growth Engine
15.2 Geographic Overview
16 North America
16.1 Market Overview
16.2 Market Size & Forecast
16.3 Technology
16.4 Application
16.5 End-User
16.6 Key Countries
17 Europe
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Technology
17.4 Application
17.5 End-User
17.6 Key Countries
18 APAC
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Technology
18.4 Application
18.5 End-User
18.6 Key Countries
19 Latin America
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Technology
19.4 Application
19.5 End-User
19.6 Key Countries
20 Middle East And Africa
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Technology
20.4 Application
20.5 End-User
20.6 Key Countries
21 Competitive Landscape
21.1 Competition Overview
22 Key Company Profiles
22.1 First Solar
22.2 Yingli Solar
22.3 Solar Frontier K.K
22.4 HANWHA SOLAR
22.5 Hanergy Holding Group
23 Other Prominent Vendors
23.1 Solarcentury
23.2 Sharp Corporation
23.3 REC Solar Holdings AS
23.4 Panasonic
23.5 Wuxi Suntech Power CO
23.6 Canadian Solar
23.7 Kyocera Corporation
23.8 ONYX Solar Group
23.9 Sunpower
23.10 Jinko Solar
23.11 Tesla
23.12 Heliatek
23.13 BIPVCO
23.14 Visaka Industries
23.15 Nanopv Solar
23.16 Tractile
23.17 ISSOL
23.18 Ertex Solar
23.19 Nippon Sheet Glass
23.20 Bisol Group
23.21 Viasolis
23.22 Topsun Energy
23.23 Polysolar
24 Report Summary
24.1 Key Takeaways
24.2 Strategic Recommendations
25 Quantitative Summary
25.1 Market By Geography
25.2 Technology
25.3 Application
25.4 End-User
25.5 North America
25.6 Europe
25.7 APAC
25.8 Latin America
25.9 Middle East & Africa
26 Appendix
26.1 Abbreviations
List of Exhibits
Exhibit 1 Segmentation of Global Building-Integrated Photovoltaics Market
Exhibit 2 Market Size Calculation Approach 2020
Exhibit 3 Major Solar PV Installations by Country 2019 (%)
Exhibit 4 Roadmap for Zero-Energy Buildings
Exhibit 5 Factors Limiting the Adoption of BIPV in Emerging Economies
Exhibit 6 Strategies for Overcoming the Current BIPV Challenges in the Market
Exhibit 7 Impact of COVID-19 on Global BIPV Market 2020
Exhibit 8 Impact of Growth of Zero-Energy Buildings
Exhibit 9 Impact of the Development of Next-Gen BIPV Products
Exhibit 10 Impact of Rising Smart Home Penetration
Exhibit 11 Impact of Preference for Non-conventional Energy Sources
Exhibit 12 Impact of Utilization in Sustainable Renovation Techniques
Exhibit 13 Impact of High Initial Investment
Exhibit 14 Impact of Technical Barriers Affecting Scalability
Exhibit 15 Impact of Lack of Awareness and Competition from Conventional Sources
Exhibit 16 Strategies for BIPV Manufacturers
Exhibit 17 Landscape of the Global BIPV Market 2020
Exhibit 18 Global BIPV Market 2020-2026 ($ billion)
Exhibit 19 Five Forces Analysis 2020
Exhibit 20 Incremental Growth by Technology 2020 & 2026
Exhibit 21 Global BIPV Market by Technology ($ billion)
Exhibit 22 Global Crystalline Silicon BIPV Market 2020-2026 ($ billion)
Exhibit 23 Global Thin-Film BIPV Market 2020-2026 ($ billion)
Exhibit 24 Global Other BIPV Technology Market 2020-2026 ($ million)
Exhibit 25 Incremental Growth by Application 2020 & 2026
Exhibit 26 Global BIPV Market by Application ($ billion)
Exhibit 27 Global Roof BIPV Market 2020-2026 ($ billion)
Exhibit 28 Global Facade and Window BIPV Market 2020-2026 ($ billion)
Exhibit 29 Challenges Faced in the PV Windows Market 2020
Exhibit 30 Incremental Growth by End-user 2020 & 2026
Exhibit 31 Global BIPV Market by End-user ($ billion)
Exhibit 32 Global Commercial BIPV Market 2020-2026 ($ billion)
Exhibit 33 Global Residential BIPV Market 2020-2026 ($ billion)
Exhibit 34 Global Other End-user BIPV Market 2020-2026 ($ million)
Exhibit 35 Incremental Growth by Geography 2020 & 2026
Exhibit 36 Global Solar Energy Trends
Exhibit 37 Energy Saving Efforts for Housing and Construction Products in Canada
Exhibit 38 Incremental Contribution to the Global BIPV Market by Geography ($ billion)
Exhibit 39 Geographic Contribution to the Global BIPV Market 2020 (% share)
Exhibit 40 Estimated Capacity Addition in the US for Electricity Generation (2021)
Exhibit 41 Investment in Residential Building Construction ($ million)
Exhibit 42 BIPV Market in North America 2020-2026 ($ billion)
Exhibit 43 New Residential Construction Data for Metro Locations in the US 2020
Exhibit 44 Incremental Growth in North America 2020 & 2026
Exhibit 45 BIPV Market in the US 2020-2026 ($ billion)
Exhibit 46 BIPV Market in Canada 2020-2026 ($ million)
Exhibit 47 Comparison of Solar Power Installation in Italy (H1 2020 in comparison with H1 2019)
Exhibit 48 Solar PV Installations in Germany 2020 (MW)
Exhibit 49 BIPV Market in Europe 2020-2026 ($ billion)
Exhibit 50 Incremental Growth in Europe 2020 & 2026
Exhibit 51 BIPV Market in Italy 2020-2026 ($ billion)
Exhibit 52 BIPV Market in France 2020-2026 ($ billion)
Exhibit 53 BIPV Market in Germany 2020-2026 ($ billion)
Exhibit 54 BIPV Market in the UK 2020-2026 ($ billion)
Exhibit 55 BIPV Market in Spain 2020-2026 ($ billion)
Exhibit 56 Renewable Energy 3020 Plan of South Korea
Exhibit 57 PV Installation Capacity in Australia 2014-2020 ( GW)
Exhibit 58 BIPV Market in APAC 2020-2026 ($ billion)
Exhibit 59 Incremental Growth in APAC 2020 & 2026
Exhibit 60 BIPV Market in China 2020-2026 ($ billion)
Exhibit 61 BIPV Market in Japan 2020-2026 ($ billion)
Exhibit 62 BIPV Market in South Korea 2020-2026 ($ billion)
Exhibit 63 BIPV Market in Australia 2020-2026 ($ million)
Exhibit 64 Average Annual Additions of PV Capacity in Brazil 2021-2022 (GW)
Exhibit 65 Installed Capacity for Electricity Generation in Argentina 2019 (% share)
Exhibit 66 BIPV Market in Latin America 2020-2026 ($ million)
Exhibit 67 Incremental Growth in Latin America 2020 & 2026
Exhibit 68 BIPV Market in Brazil 2020-2026 ($ million)
Exhibit 69 Renewable Energy Scenario for Installation Capacity in Chile by 2050 ( GW)
Exhibit 70 BIPV Market in Chile 2020-2026 ($ million)
Exhibit 71 BIPV Market in the Middle East & Africa 2020-2026 ($ million)
Exhibit 72 Incremental Growth in the Middle East & Africa 2020 & 2026
Exhibit 73 BIPV Market in Saudi Arabia 2020-2026 ($ million)
Exhibit 74 BIPV Market in the UAE 2020-2026 ($ million)
List of Tables
Table 1 Key Caveats
Table 2 Currency Conversion 2013-2020
Table 3 Module Efficiencies of Select BIPV Technologies
Table 4 BIPV Market by Technology 2020-2026 ($ billion)
Table 5 Crystalline Silicon Market by Geography 2020-2026 ($ billion)
Table 6 Thin-Film Market by Geography 2020-2026 ($ million)
Table 7 Other Technologies Market by Geography 2020-2026 ($ million)
Table 8 BIPV Market by Application 2020-2026 ($ billion)
Table 9 Roof Market by Geography 2020-2026 ($ billion)
Table 10 Façade and Window Market by Geography 2020-2026 ($ million)
Table 11 BIPV Market by End-user 2020-2026 ($ billion)
Table 12 Commercial BIPV Market by Geography 2020-2026 ($ billion)
Table 13 Residential BIPV Market by Geography 2020-2026 ($ million)
Table 14 Other End-user BIPV Market by Geography 2020-2026 ($ million)
Table 15 Global BIPV Market by Geography 2020-2026 ($ billion)
Table 16 BIPV Market by Technology in North America 2020-2026 ($ million)
Table 17 BIPV Market by Application in North America 2020-2026 ($ million)
Table 18 BIPV Market by End-user in North America 2020-2026 ($ million)
Table 19 BIPV Market by Technology in Europe 2020-2026 ($ million)
Table 20 BIPV Market by Application in Europe 2020-2026 ($ million)
Table 21 BIPV Market by End-user in Europe 2020-2026 ($ million)
Table 22 BIPV Market by Technology in APAC 2020-2026 ($ million)
Table 23 BIPV Market by Application in APAC 2020-2026 ($ million)
Table 24 BIPV Market by End-user in APAC 2020-2026 ($ million)
Table 25 BIPV Market by Technology in Latin America 2020-2026 ($ million)
Table 26 BIPV Market by Application in Latin America 2020-2026 ($ million)
Table 27 BIPV Market by End-user in Latin America 2020-2026 ($ million)
Table 28 BIPV Market by Technology in the Middle East & Africa 2020-2026 ($ million)
Table 29 BIPV Market by Application in the Middle East & Africa 2020-2026 ($ million)
Table 30 BIPV Market by End-user in the Middle East & Africa 2020-2026 ($ million)
Table 31 First Solar: Major Product Offerings
Table 32 Yingli Solar: Major Product Offerings
Table 33 Solar Frontier K.K: Major Product Offerings
Table 34 Hanwha Solar: Major Product Offerings
Table 35 Hanergy: Major Product Offerings
Table 36 Solarcentury: Major Product Offerings
Table 37 Sharp: Major Product Offerings
Table 38 REC: Major Product Offerings
Table 39 Panasonic: Major Product Offerings
Table 40 Wuxi Suntech Power Co: Major Product Offerings
Table 41 Canadian Solar: Major Product Offerings
Table 42 KYOCERA: Major Product Offerings
Table 43 Onyx Solar: Major Product Offerings
Table 44 SunPower: Major Product Offerings
Table 45 Jinko Solar: Major Product Offerings
Table 46 Tesla: Major Product Offerings
Table 47 Heliatek: Major Product Offerings
Table 48 BiPVco: Major Product Offerings
Table 49 Visaka Industries: Major Product Offerings
Table 50 NanoPV Solar: Major Product Offerings
Table 51 Tractile: Major Product Offerings
Table 52 ISSOL: Major Product Offerings
Table 53 ertex solar: Major Product Offerings
Table 54 Nippon Sheet Glass: Major Product Offerings
Table 55 BISOL Group: Major Product Offerings
Table 56 ViaSolis: Major Product Offerings
Table 57 Topsun Energy: Major Product Offerings
Table 58 Polysolar: Major Product Offerings
Table 59 Global BIPV Market by Geography 2020-2026 ($ billion)
Table 60 BIPV Market by Technology 2020-2026 ($ billion)
Table 61 Crystalline Silicon Market by Geography 2020-2026 ($ billion)
Table 62 Thin-Film Market by Geography 2020-2026 ($ million)
Table 63 Other Technologies Market by Geography 2020-2026 ($ million)
Table 64 BIPV Market by Application 2020-2026 ($ billion)
Table 65 Roof Market by Geography 2020-2026 ($ billion)
Table 66 Façade and Window Market by Geography 2020-2026 ($ million)
Table 67 BIPV Market by End-user 2020-2026 ($ billion)
Table 68 Commercial BIPV Market by Geography 2020-2026 ($ billion)
Table 69 Residential BIPV Market by Geography 2020-2026 ($ million)
Table 70 Other End-user BIPV Market by Geography 2020-2026 ($ million)
Table 71 BIPV Market by Technology in North America 2020-2026 ($ million)
Table 72 BIPV Market by Application in North America 2020-2026 ($ million)
Table 73 BIPV Market by End-user in North America 2020-2026 ($ million)
Table 74 BIPV Market by Technology in Europe 2020-2026 ($ million)
Table 75 BIPV Market by Application in Europe 2020-2026 ($ million)
Table 76 BIPV Market by End-user in Europe 2020-2026 ($ million)
Table 77 BIPV Market by Technology in APAC 2020-2026 ($ million)
Table 78 BIPV Market by Application in APAC 2020-2026 ($ million)
Table 79 BIPV Market by End-user in APAC 2020-2026 ($ million)
Table 80 BIPV Market by Technology in Latin America 2020-2026 ($ million)
Table 81 BIPV Market by Application in Latin America 2020-2026 ($ million)
Table 82 BIPV Market by End-user in Latin America 2020-2026 ($ million)
Table 83 BIPV Market by Technology in the Middle East & Africa 2020-2026 ($ million)
Table 84 BIPV Market by Application in the Middle East & Africa 2020-2026 ($ million)
Table 85 BIPV Market by End-user in the Middle East & Africa 2020-2026 ($ million)
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • First Solar
  • Yingli Solar
  • Solar Frontier K.K
  • Hanwha Solar
  • Hanergy Holding Group
  • Solarcentury
  • Sharp Corporation
  • REC Solar Holdings AS
  • Panasonic
  • Wuxi Suntech Power Co.
  • Canadian Solar
  • KYOCERA Corporation
  • Onyx Solar Group
  • SunPower
  • Jinko Solar
  • Tesla
  • Heliatek
  • BIPVco
  • Visaka Industries
  • NanoPV Solar
  • Tractile
  • ISSOL
  • ertex Solar
  • Nippon Sheet Glass
  • BISOL
  • ViaSolis
  • Topsun Energy
  • Polysolar
Note: Product cover images may vary from those shown

Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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