Building Integrated Photovoltaics (BIPV) Market - Global Outlook and Forecast 2019-2024

  • ID: 4749333
  • Report
  • Region: Global
  • 173 pages
  • Arizton
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FEATURED COMPANIES

  • Air-Think
  • First Solar
  • Jinko Solar
  • Onyx Solar Group
  • SunPower
  • Wuxi Suntech Power
  • MORE
The global BIPV market is estimated to reach revenues of around $7 billion by 2024, growing at a CAGR of approximately 15% during 2018-2024.

The growing awareness and high disposable incomes in developing regions due to economic recovery are fueling the need for residential BIPV applications in the global market. The launch of futuristic inventions in mainstream solar and other complementary technologies and the introduction of innovative and efficient solar panels will lead to the development of the market. The global BIPV market is driven by the designing and planning of building structures with integrated and multifunctional façade and roofing PV panels, fulfilling technical, legal, and architectural demands. The growing focus on self-sufficiency, energy efficiency, and thermal insulation contribute to the growth of the building integrated photovoltaics market. The market research report provides in-depth market analysis and segmental analysis of the global BIPV market by technology, application, end-user, and geography.

The report considers the present scenario of the global BIPV market and its market dynamics for the period 2019-2024. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market.

Building Integrated Photovoltaics (BIPV) Market - Dynamics

With advancements in engineering and technology, the generation of power from renewable resources like air, sun, and water have been developed to new levels. The look and aesthetics of the buildings and surroundings have always played an important role in society. This factor has been a major force in driving the adoption of building integrated photovoltaic systems to harness solar energy for generating electricity. Smart homes are a revolutionary development in residential spaces that aims at enhancing comfort, convenience, security, entertainment and sustainability.

Technological advancements such as voice control, artificial intelligence, intelligent assistant has now become a viable control center for smart and connected homes. The importance of rising need to reduce expenses on electricity is likely to drive the demand for BIPV in residential as well as commercial buildings, thus becoming a driving force in the market. One of the silent driving forces to increase the demand for building integrated photovoltaic systems is the reduced overall costs borne by the consumers. The reduction in overall costs encourage consumers to opt for BIPV systems in their new constructions as well as in retrofit projects.

Building Integrated Photovoltaics (BIPV) Market - Segmentation

This market research report includes a detailed segmentation of the market by technology, application, end-user, and geography. The global BIPV market by technology is classified into crystalline silicon and thin film. Crystalline silicon segment occupied more than half of the market share in 2018, growing at a CAGR of approximately 17% during the forecast period. The crystalline silicon modules are generally opaque, in dark shades of gray or black, with an optional anti-reflective coating over the protective glass and are connected with solar modules. The high flexibility of thin glass panels and innovation in the manufacturing process will contribute to the demand for these products in the global BIPV market over the next few years.

The application segment in the global BIPV market is categorized into roof and façade & window. Façade and windows are the fastest growing application segment in the worldwide market, at a CAGR of around 17% during the forecast period. The increasing use of conventional photovoltaics materials in building façade, window panes, cladding, curtain walls, and spandrels is fueling the growth of this segment in the global building integrated photovoltaic market. The growing adoption of integrated photovoltaic systems in the roof offers the maximum undisturbed portion of residential, commercial, and industrial buildings in the market. The global BIPV market by end-users is segmented into commercial buildings, residential buildings, and other buildings.

Commercial building dominated the majority of the market share in 2018, growing at a CAGR of approximately 14% during the forecast period. The increasing focus to reduce power consumption across corporate offices and industrial buildings are contributing to the development of this segment in the global market. The integration of solar panels in common areas such as canopy in parks, shading at bus stands, agriculture-related buildings in the fields, shading over the car park, pedestrian pathways, skywalk, and foot over bridges will fuel the growth of the global BIPV market.

Market Segmentation by Technology
  • Crystalline Silicon
  • Thin Film
Market Segmentation by Application
  • Roof
  • Façade & Window
Market Segmentation by End-users
  • Commercial Buildings
  • Residential Buildings
  • Other Buildings
Building Integrated Photovoltaics (BIPV) Market - Geography

The geographical segment in the global BIPV market is divided into APAC, Europe, North America, and ROW. APAC is the fastest growing region in the global market, at a CAGR of approximately 17% during the forecast period. The rapid urbanization in various countries in the APAC region is fueling the growth of the global market. The stringent mandates regarding the switch to renewable energy sources across various European countries, specifically in the Nordic region will fuel the demand in the global market. The launch of eco-friendly products that help in reducing expenses on purchasing power from the grid as well as in building materials will contribute to the transformation of the global BIPV market.

Market Segmentation by Geography
  • North America
  • - US
  • - Canada
  • Europe
  • - Italy
  • - France
  • - Germany
  • APAC
  • - China
  • - Japan
  • - South Korea
  • ROW
  • - GCC
  • - Brazil
  • - Chile
Key Vendor Analysis

The global BIPV market is witnessing the entrant of new vendors thereby, contributing to the higher level of competition. The leading players are offering niche products with premium pricing such as Tesla in the market. The companies are offering innovative roofing solutions to attract the maximum number of consumers in the building integrated photovoltaic market. The top players are focusing on market conditions, technological innovations, and industry development to boost their profitability in the market. The vendors are distinguishing their product offerings and service extensions through a clear and unique value proposition to gain a broader global BIPV market.

The major vendors in the global market are:
  • Wuxi Suntech Power
  • Yingli Solar
  • Canadian Solar
  • Sharp
Other prominent vendors include: Kyocera Corporation, Hanergy Holding Group, Onyx Solar Group, First Solar, SunPower, Jinko Solar, Air-Think, and Tesla.

Key market insights include:

1. The analysis of global BIPV market provides market size and growth rate for the forecast period 2019-2024.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global BIPV market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of global BIPV market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Air-Think
  • First Solar
  • Jinko Solar
  • Onyx Solar Group
  • SunPower
  • Wuxi Suntech Power
  • MORE
1 Research Methodology

2 Research Objectives

3 Research Process

4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Technology Type
4.3.2 Market Segmentation by Application Type
4.3.3 Market Segmentation by End-user Type
4.3.4 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview

8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Rising Adoption of Non-conventional Energy Resources
8.1.2 Growing Demand for BIPVs in New and Retrofit Construction Projects
8.1.3 Improving Efficiency of PV Modules and Inverters
8.1.4 YOY Impact of Market Growth Enablers
8.1.5 Impact of Market Growth Enablers on Regions
8.2 Market Growth Restraints
8.2.1 High Initial Costs and Reduction in Incentives
8.2.2 Lack of Awareness Regarding Benefits of Solar Energy and BIPV Systems
8.2.3 High Competition from Conventional Energy Sources
8.2.4 YOY Impact of Market Growth Restraints
8.2.5 Impact of Market Growth Restraints on Regions
8.3 Market Opportunities & Trends
8.3.1 Increasing Number of Smart and Self-sustained Homes
8.3.2 Growing Investment in ZEB Constructions
8.3.3 YOY Impact of Market Opportunities & Trends on Regions
8.3.4 Impact of Market Opportunities & Trends on Regions

9 Global BIPV Market
9.1 Market Overview
9.2 Porter’s Five Forces Analysis
9.2.1 Threat of New Entrants
9.2.2 Bargaining Power of Suppliers
9.2.3 Bargaining Power of Buyers
9.2.4 Threat of Substitutes
9.2.5 Competitive Rivalry

10 By Technology
10.1 Market Overview
10.1.1 Global BIPV Market by Technology
10.2 Crystalline Silicon
10.2.1 Market Size & Forecast
10.2.2 Market by Geography
10.3 Thin Film
10.3.1 Market Size & Forecast
10.3.2 Market by Geography

11 By Application
11.1 Market Overview
11.1.1 Global BIPV Market by Application
11.2 Roofing
11.2.1 Market Size & Forecast
11.2.2 Market by Geography
11.3 Façade and Window
11.3.1 Market Size & Forecast
11.3.2 Market by Geography

12 By End-User
12.1 Market Overview
12.1.1 Global BIPV Market by End-user
12.2 Commercial Buildings
12.2.1 Market Size & Forecast
12.2.2 Market by Geography
12.3 Residential Buildings
12.3.1 Market Size & Forecast
12.3.2 Market by Geography
12.4 Other Buildings
12.4.1 Market Size & Forecast
12.4.2 Market by Geography

13 By Geography
13.1 Market Overview

14 North America
14.1 Market Size & Forecast
14.2 Segmentation by Technology
14.2.1 Market Size and Forecast
14.3 Segmentation by Application
14.3.1 Market Size and Forecast
14.4 Segmentation by end-user
14.4.1 Market Size and Forecast
14.5 Key Countries
14.5.1 US: Market Size & Forecast
14.5.2 Canada: Market Size & Forecast

15 Europe
15.1 Market Size & Forecast
15.2 Segmentation by Technology
15.2.1 Market Size and Forecast
15.3 Segmentation by Application
15.3.1 Market Size and Forecast
15.4 Segmentation by End-User
15.4.1 Market Size and Forecast
15.5 Key Countries
15.5.1 Italy: Market Size & Forecast
15.5.2 France: Market Size & Forecast
15.5.3 Germany: Market Size & Forecast

16 APAC
16.1 Market Size & Forecast
16.2 Segmentation by Technology
16.2.1 Market Size and Forecast
16.3 Segmentation by Application
16.3.1 Market Size and Forecast
16.4 Segmentation by end-user
16.4.1 Market Size and Forecast
16.5 Key Countries
16.5.1 China: Market Size & Forecast
16.5.2 Japan: Market Size & Forecast
16.5.3 South Korea: Market Size and Forecast

17 Rest of the World
17.1 Market Size & Forecast
17.2 Segmentation by Technology
17.2.1 Market Size and Forecast
17.3 Segmentation by Application
17.3.1 Market Size and Forecast
17.4 Segmentation by end-user
17.4.1 Market Size and Forecast
17.5 Key Countries
17.5.1 GCC: Market Size & Forecast
17.5.2 Brazil: Market Size & Forecast
17.5.3 Chile: Market Size & Forecast

18 Competitive Landscape
18.1 Market Overview

19 Key Company Profiles
19.1 Wuxi Suntech Power
19.1.1 Business Overview
19.1.2 Major Product Offerings
19.1.3 Key Strategies
19.1.4 Key Strengths
19.1.5 Key Opportunities
19.2 Yingli Solar
19.2.1 Business Overview
19.2.2 Major Product Offerings
19.2.3 Key Strategies
19.2.4 Key Strengths
19.2.5 Key Opportunities
19.3 Canadian Solar
19.3.1 Business Overview
19.3.2 Major Product Offerings
19.3.3 Key Strategies
19.3.4 Key Strengths
19.3.5 Key Opportunities
19.4 Sharp
19.4.1 Business Overview
19.4.2 Major Product Offerings
19.4.3 Key Strategies
19.4.4 Key Strengths
19.4.5 Key Opportunities

20 Other Prominent Vendors
20.1 Kyocera Corp.
20.1.1 Business Overview
20.2 Hanergy Holding Group
20.2.1 Business Overview
20.3 Onyx Solar Group
20.3.1 Business Overview
20.4 First Solar
20.4.1 Business Overview
20.5 SunPower
20.5.1 Business Overview
20.6 Jinko Solar
20.6.1 Business Overview
20.7 Air-Think
20.7.1 Business Overview
20.8 Tesla
20.8.1 Business Overview

21 Report Summary
21.1 Key Takeaways
21.2 Qualitative Summary
21.3 Quantitative Summary: Global BIPV Market
21.3.1 Market by Geography
21.3.2 Market by Technology
21.3.3 Market by Application
21.3.4 Market by End-user

22 Appendix
22.1 Abbreviations

List of Exhibits
Exhibit 1 Segmentation of BIPV Market
Exhibit 2 Market Size Calculation Approach 2018
Exhibit 3 Total Power Capacity Added by Technology 2017
Exhibit 4 Residential Building Rooftop Effective Cost 2018
Exhibit 5 Price Variation Factors in Standard and BIPV c-Si Modules ($/W)
Exhibit 6 Benefits of BIPV: Merging Photovoltaics with Construction
Exhibit 7 Major Areas of Use of BIPV Products
Exhibit 8 Major Economic Factors Favoring Adoption of BIPV Products
Exhibit 9 Overall Costing Structure for PV Systems
Exhibit 10 Module Power and Efficiency Trend in US 2010-2017
Exhibit 11 Perceived Challenges Faced by BIPV
Exhibit 12 Investment Tax Credit Rates for PV Installation in US 2018-2023 (%)
Exhibit 13 Cost and Infrastructure Constraints hindering Adoption of BIPV Systems
Exhibit 14 Distribution of Smart Home Technologies by Demography
Exhibit 15 Leading Cities for Real Estate Investment in 2018
Exhibit 16 Global BIPV Market 2018-2024 ($ billion)
Exhibit 17 The state of BIPV in Global Energy Market 2018
Exhibit 18 Five Forces Analysis 2018
Exhibit 19 Global BIPV Market by Technology 2018-2024 ($billion)
Exhibit 20 Global BIPV Market by Technology
Exhibit 21 Global BIPV Market by Technology 2018 & 2024 (revenue share %)
Exhibit 22 Global BIPV Market by Crystalline Silicon 2018-2024 ($ billion)
Exhibit 23 Crystalline BIPV Market Overview 2018
Exhibit 24 Market Share Change from 2018 & 2024 (revenue %)
Exhibit 25 Global BIPV Market by Thin Film 2018-2024 ($ billion)
Exhibit 26 Thin Film BIPV Market Overview 2018
Exhibit 27 Market Share Change from 2018 & 2024 (revenue %)
Exhibit 28 Global BIPV Market by Application 2018-2024 ($ billion)
Exhibit 29 Global BIPV Market by Application
Exhibit 30 Global BIPV Market by Application 2018 & 2024 (revenue share %)
Exhibit 31 Global BIPV Roofing Market 2018-2024 ($ billion)
Exhibit 32 Roof BIPV Market Overview 2018
Exhibit 33 Market Share Change from 2018 & 2024 (revenue %)
Exhibit 34 Global BIPV Façade and Window Market 2018-2024 ($ billion)
Exhibit 35 Façade and Window BIPV Market Overview 2018
Exhibit 36 Market Share Change from 2018 & 2024 (revenue %)
Exhibit 37 Global BIPV Market by End-user 2018-2024 ($ billion)
Exhibit 38 Global BIPV Market by End-user
Exhibit 39 Overview of Electricity Consumption
Exhibit 40 Global BIPV Market by End-user 2018 & 2024 (revenue share %)
Exhibit 41 Global Commercial BIPV Market 2018-2024 ($ billion)
Exhibit 42 Commercial Buildings BIPV Market Overview 2018
Exhibit 43 Market Share Change from 2018 & 2024 (revenue %)
Exhibit 44 Global Residential BIPV Market 2018-2024 ($ billion)
Exhibit 45 Residential Buildings BIPV Market Overview 2018
Exhibit 46 Newly Built Apartments in China and US 2007-2017
Exhibit 47 Market Share Change from 2018 & 2024 (revenue %)
Exhibit 48 Global Other Buildings BIPV Market 2018-2024 ($ billion)
Exhibit 49 Market Share Change from 2018 & 2024 (revenue %)
Exhibit 50 Global BIPV Market by Geography 2018 & 2024 ($ billion)
Exhibit 51 Market Share of Geographies 2018 & 2024 ($ billion)
Exhibit 52 BIPV Market in North America 2018-2024 ($ billion)
Exhibit 53 North America: BIPV Market Overview
Exhibit 54 BIPV Market in North America by Key Countries 2018 & 2024 ($ billion)
Exhibit 55 BIPV Market in US 2018-2024 ($ billion)
Exhibit 56 Smart Homes and Large Corporate Offices Scenario in US
Exhibit 57 BIPV Market in Canada 2018-2024 ($ billion)
Exhibit 58 BIPV Market in Europe 2018-2024 ($ billion)
Exhibit 59 Household Demand and BIPV Driving Factors in Europe
Exhibit 60 Europe: BIPV Market Overview
Exhibit 61 BIPV Market in Europe by Key Countries 2018 & 2024 ($ billion)
Exhibit 62 BIPV Market in Italy 2018-2024 ($ billion)
Exhibit 63 BIPV Market in France 2018-2024 ($ billion)
Exhibit 64 BIPV Market in Germany 2018-2024 ($ billion)
Exhibit 65 BIPV Market in APAC 2018-2024 ($ billion)
Exhibit 66 Increase in Urban Population in APAC (Overall Population %) 2005-2045
Exhibit 67 APAC: BIPV Market Overview
Exhibit 68 BIPV Market in APAC by Key Countries 2018 & 2024 ($ billion)
Exhibit 69 BIPV Market in China 2018-2024 ($ billion)
Exhibit 70 BIPV Market in Japan 2018-2024 ($ billion)
Exhibit 71 BIPV Market in South Kores 2018-2024 ($ billion)
Exhibit 72 BIPV Market in ROW 2018-2024 ($ billion)
Exhibit 73 ROW: BIPV Market Overview
Exhibit 74 BIPV Market in ROW by Key Countries 2018 & 2024 ($ billion)
Exhibit 75 BIPV Market in GCC 2018-2024 ($ billion)
Exhibit 76 BIPV Market in Brazil 2018-2024 ($ billion)
Exhibit 77 BIPV Market in Chile 2018-2024 ($ billion)
Exhibit 78 Vendor Share Analysis 2018 (%)

List of Tables
Table 1 Key Geographies Definition
Table 2 Key Caveats
Table 3 Currency Conversion 2013-2018
Table 4 Largest Utility-scale Operating Solar Energy Projects 2018
Table 5 Select BIPV Installation Projects
Table 6 Cost of PV Systems and Cost Reducing Drivers 2017 & 2018
Table 7 YOY Impact of Market Growth Enablers 2018-2024
Table 8 YOY Impact of Market Growth Enablers on Regions 2018
Table 9 YOY Impact of Market Growth Restraints 2018-2024
Table 10 Impact of Market Growth Restraints on Regions 2018
Table 11 YOY Impact of Market Opportunities & Trends 2018-2024
Table 12 Impact of Market Opportunities & Trends on Regions 2018
Table 13 Module Efficiency of Select BIPV Technologies
Table 14 Global BIPV Market by Technology 2018-2024 ($ billion)
Table 15 Global Crystalline Silicon BIPV Market by Geography 2018-2024 (% billion)
Table 16 Global Thin Film BIPV Market by Geography 2018-2024 (% billion)
Table 17 Potential BIPV Roof and Façade Area and Power Generation
Table 18 Global BIPV Market by Application 2018-2024 ($ billion)
Table 19 Global BIPV Roof Market by Geography 2018-2024 (% billion)
Table 20 Global BIPV Façade and Window Market by Geography 2018-2024 (% billion)
Table 21 Global BIPV Market by End-user 2018-2024 ($ billion)
Table 22 Recent Commercial Installation Examples in Europe
Table 23 Global Commercial BIPV Market by Geography 2018-2024 (% billion)
Table 24 Global Residential BIPV Market by Geography 2018-2024 (% billion)
Table 25 Global Other Buildings BIPV Market by Geography 2018-2024 (% billion)
Table 26 Global Solar Energy Trends
Table 27 North America: BIPV Market by Technology Type 2018-2024 ($ billion)
Table 28 North America: BIPV Market by Application Type 2018-2024 ($ billion)
Table 29 North America: BIPV Market by End-user 2018-2024 ($ billion)
Table 30 Europe: BIPV Market by Technology Type 2018-2024 ($ billion)
Table 31 Europe: BIPV Market by Application 2018-2024 ($ billion)
Table 32 Europe: BIPV Market by End-user 2018-2024 ($ billion)
Table 33 France: Solar Tender Overview
Table 34 APAC: BIPV Market by Technology Type 2018-2024 ($ billion)
Table 35 APAC: BIPV Market by Application 2018-2024 ($ billion)
Table 36 APAC: BIPV Market by End-user 2018-2024 ($ billion)
Table 37 Select BIPV Active Projects in China
Table 38 ROW: BIPV Market by Technology Type 2018-2024 ($ billion)
Table 39 ROW: BIPV Market by Application 2018-2024 ($ billion)
Table 40 ROW: BIPV Market by End-user 2018-2024 ($ billion)
Table 41 Construction Projects in UAE and Saudi Arabia 2018
Table 42 Wuxi Suntech Power: Product Offerings
Table 43 Yingli Solar: Product Offerings
Table 44 Canadian Solar: Product Offerings
Table 45 Company: Product Offerings
Table 46 Qualitative Summary of Global BIPV Market
Table 47 Global BIPV Market by Geographies 2018-2024 ($ billion)
Table 48 Global BIPV Market by Technology Types 2018-2024 ($ billion)
Table 49 Global Crystalline Silicon BIPV Market 2018-2024 ($ billion)
Table 50 Global Thin Film BIPV Market 2018-2024 ($ billion)
Table 51 Global BIPV Market by Application Types 2018-2024 ($ billion)
Table 52 Roof BIPV Market 2018-2024 ($ billion)
Table 53 Façade and Window BIPV Market 2018-2024 ($ billion)
Table 54 Global BIPV Market by End-user 2018-2024 ($ billion)
Table 55 Commercial Buildings BIPV Market 2018-2024 ($ billion)
Table 56 Residential Buildings BIPV Market 2018-2024 ($ billion)
Table 57 Other Buildings BIPV Market 2018-2024 ($ billion)
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  • Tesla
  • Air-Think
  • Jinko Solar
  • SunPower
  • First Solar
  • Onyx Solar Group
  • Hanergy Holding Group
  • Canadian Solar
  • Yingli Solar
  • Wuxi Suntech Power
  • Sharp
  • Kyocera
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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