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Building Integrated Photovoltaics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global building integrated photovoltaics market size reached US$ 16.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 46.4 Billion by 2027, exhibiting a growth rate (CAGR) of 19.85% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Building-integrated photovoltaics (BIPVs) refer to the solar power generating components that are used in constructing facades, roofs, and skylights in buildings. Generally, these components include the integration of photovoltaic modules, backup power supply system, charge controller, power storage system, and other supporting hardware. BIPV materials offer several benefits over their traditional counterparts as they provide onsite power generation, zero emissions, high energy conservation, superior architectural integration, and optimal shading. In addition to this, BIPVs also help in reducing labor and installation costs by replacing high-end roof membranes, skylight glazing, façade cladding, etc. Owing to these benefits, building integrated photovoltaic materials are widely installed across commercial, residential, and industrial sectors.

Building Integrated Photovoltaics Market Trends:

The increasing demand for building integrated photovoltaic materials can be attributed to the rising integration of solar energy solutions in commercial infrastructures for architectural optimization and energy conservation. Moreover, growing environmental concerns towards the depleting non-renewable power resources, such as oil, coal, etc., have further bolstered the demand for solar power generation. Additionally, rapid modernization in the construction and building sector along with the increasing focus on clean energy has fueled the demand for green or zero- emission buildings. Furthermore, the growing consumer awareness towards several ecological benefits of BIPV has resulted in the rising adoption of solar energy harnessing systems in the residential sector. Apart from this, implementation of favorable government policies supported by several initiatives for promoting the need for reducing carbon footprints have also catalyzed the demand for building-integrated photovoltaics on a global level. Furthermore, the increasing demand for BIPV components in the developed regions, such as North America and Europe, is primarily driven by the supporting infrastructural developments in the form of optimum grid-parity of photovoltaic solutions supported by several financial incentives offered by regional governments. On the other hand, several emerging economies, such as India, China, Vietnam, etc., are experiencing high product demand due to the reduced solar installation costs and wide availability of BIPV materials across these countries. Moreover, various technological advancements coupled with the increasing penetration of wireless connectivity have led to the introduction of automated BIPV components, thereby bolstering the market growth. Additionally, rising investments in several R&D activities for the superior integration of advanced module technologies are also driving the product demand.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global building integrated photovoltaics market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, application and end use.

Breakup by Product Type:

  • Polycrystalline
  • Thin Film
  • Others
     

Breakup by Application:

  • Roof
  • Facades
  • Glass
  • Others
     

Breakup by End Use:

  • Commercial
  • Residential
  • Industrial
     

Breakup by Region:

  • Europe
  • North America
  • Asia Pacific
  • Middle East and Africa
  • Latin America


Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Ankara Solar AS, Ertex Solartechnik GmbH, Hanergy Holding Group Ltd., HermansTechniglaz, ISSOL sa, Navitas Green Solutions Pvt. Ltd., NanoPV Solar Inc., Polysolar Ltd., Sphelar Power Corporation, VIASOLIS, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Application, End Use, Region
Region Covered Europe, North America, Asia Pacific, Middle East and Africa, Latin America
Companies Covered Ankara Solar AS, Ertex Solartechnik GmbH, Hanergy Holding Group Ltd., HermansTechniglaz, ISSOL sa, Navitas Green Solutions Pvt. Ltd., NanoPV Solar Inc., Polysolar Ltd., Sphelar Power Corporation and VIASOLIS
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Building Integrated Photovoltaics Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product Type
    6. 1    Polycrystalline
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Thin Film
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Application
    7.1    Roof
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Facades
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Glass
        7.3.1 Market Trends
        7.3.2 Market Forecast
   7.4   Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by End Use
    8.1    Commercial
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Residential
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Industrial
        8.3.1 Market Trends
        8.3.2 Market Forecast
9  Market Breakup by Region
   9.1    Europe 
         9.1.1 Market Trends
         9.1.2 Market Forecast
   9.2    North America
         9.2.1 Market Trends
         9.2.2 Market Forecast
   9.3   Asia Pacific
         9.3.2 Market Trends
         9.3.2 Market Forecast
   9.4   Middle East and Africa
         9.4.1 Market Trends
         9.4.2 Market Forecast
    9.5    Latin America
         9.5.1 Market Trends
         9.5.2 Market Forecast
 10 SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Indicators
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Ankara Solar AS
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Ertex Solartechnik GmbH
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Viasolis
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Hanergy Holding Group Ltd.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    HermansTechniglaz
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    ISSOL sa
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Sphelar Power Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Navitas Green Solutions Pvt. Ltd.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    NanoPV Solar Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Polysolar Ltd.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis

List of Figures

Figure 1: Global: Building Integrated Photovoltaics Market: Major Drivers and Challenges
Figure 2: Global: Building Integrated Photovoltaics Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Building Integrated Photovoltaics Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Building Integrated Photovoltaics Market: Breakup by Application (in %), 2021
Figure 5: Global: Building Integrated Photovoltaics Market: Breakup by End Use (in %), 2021
Figure 6: Global: Building Integrated Photovoltaics Market: Breakup by Region (in %), 2021
Figure 7: Global: Building Integrated Photovoltaics Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Building Integrated Photovoltaics (Polycrystalline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Building Integrated Photovoltaics (Polycrystalline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Building Integrated Photovoltaics (Thin Film) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Building Integrated Photovoltaics (Thin Film) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Building Integrated Photovoltaics (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Building Integrated Photovoltaics (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Building Integrated Photovoltaics (Roof) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Building Integrated Photovoltaics (Roof) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Building Integrated Photovoltaics (Facades) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Building Integrated Photovoltaics (Facades) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Building Integrated Photovoltaics (Glass) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Building Integrated Photovoltaics (Glass) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Building Integrated Photovoltaics (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Building Integrated Photovoltaics (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Building Integrated Photovoltaics (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Building Integrated Photovoltaics (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Building Integrated Photovoltaics (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Building Integrated Photovoltaics (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Building Integrated Photovoltaics (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Building Integrated Photovoltaics (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Europe: Building Integrated Photovoltaics Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Europe: Building Integrated Photovoltaics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Building Integrated Photovoltaics Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Building Integrated Photovoltaics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia Pacific: Building Integrated Photovoltaics Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia Pacific: Building Integrated Photovoltaics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Middle East and Africa: Building Integrated Photovoltaics Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Middle East and Africa: Building Integrated Photovoltaics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Latin America: Building Integrated Photovoltaics Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Latin America: Building Integrated Photovoltaics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Building Integrated Photovoltaics Industry: SWOT Analysis
Figure 39: Global: Building Integrated Photovoltaics Industry: Value Chain Analysis
Figure 40: Global: Building Integrated Photovoltaics Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Building Integrated Photovoltaics Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Building Integrated Photovoltaics Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Building Integrated Photovoltaics Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Building Integrated Photovoltaics Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 5: Global: Building Integrated Photovoltaics Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Building Integrated Photovoltaics Market: Competitive Structure
Table 7: Global: Building Integrated Photovoltaics Market: Key Players


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Key Questions Answered in This Report

The global building integrated photovoltaics market was valued at US$ 16.2 Billion in 2021.

We expect the global building integrated photovoltaics market to exhibit a CAGR of 19.85% during 2022-2027.

The rising consumer awareness towards ecological benefits of building integrated photovoltaics, including onsite power generation, zero emissions, reduce labor and installation costs, etc., is primarily driving the global building integrated photovoltaics market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous manufacturing units for building integrated photovoltaics components.

Based on the product type, the global building integrated photovoltaics market can be segmented into polycrystalline, thin film, and others. Currently, polycrystalline holds the majority of the total market share.

Based on the application, the global building integrated photovoltaics market has been divided into roof, facades, glass, and others. Among these, roof currently exhibits a clear dominance in the market.

Based on the end use, the global building integrated photovoltaics market can be categorized into commercial, residential, and industrial. Currently, the commercial sector accounts for the largest market share.

On a regional level, the market has been classified into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America, where Europe currently dominates the global market.

Some of the major players in the global building integrated photovoltaics market include Ankara Solar AS, Ertex Solartechnik GmbH, Hanergy Holding Group Ltd., HermansTechniglaz, ISSOL sa, Navitas Green Solutions Pvt. Ltd., NanoPV Solar Inc., Polysolar Ltd., Sphelar Power Corporation, VIASOLIS, etc.

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