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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Building-Integrated Photovoltaics Market Outlook
The global building-integrated photovoltaics market size was valued at USD 24.20 billion in 2023 and is anticipated to grow at a CAGR of 19.2% between 2024 and 2032.
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A building-integrated photovoltaic (BIPV) system is an essential element of the building skin that transforms solar energy into electricity and at the same time protects the construction structure from climate and noise. BIPV is one of the fast-growing segments of the global solar photovoltaic sector.
Market Segmentation
Building-integrated photovoltaics are photovoltaic materials used in exterior building parts, such as the roof, skylights, or facades to replace conventional building materials.
The industry can be divided on the basis of its technology as crystalline silicon (c-si) and thin film, among others.
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The industry can be broadly categorised on the basis of its end use into:
- Residential
- Commercial
- Industrial
Further, based on its application, the industry can be divided into roofs, walls, glass, facade, and windows, among others.
The EMR report looks into the regional markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The growth of the market can be ascribed to the increase in the number of business firms and companies adopting solar solutions. With the improved technology for installation of BIPV system in business facilities, the industry is anticipated to rise further. The industry is anticipated to experience high growth rate owing to increased awareness of green buildings, which is likely to maintain the high demand in the industry due to enhanced technology. In addition, multiple infrastructure firms are expected to increase awareness regarding zero-emission structures to increase BIPV demand. High project costs along with solar energy intermittency and shadowing impact can reduce the effectiveness of BIPV systems, which may hamper the market growth during the forecast period.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global building-integrated photovoltaics market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- AGC Glass Europe SA
- BELECTRIC Solar & Battery GmbH
- Heliatek GmbH
- Carmanah Technologies Corporation
- Greatcell Energy Pty Ltd.
- Hanergy Holding Group Limited
- Ertex solartechnik GmbH
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global building-integrated photovoltaics market attained a value of nearly USD 24.20 billion.
The market is projected to grow at a CAGR of 19.2% between 2024 and 2032.
The major drivers of the market include the increase in the number of business firms and companies adopting solar solutions and the increased adoption of green buildings.
Improved technology for the installation of BIPV systems in business facilities is a key trend propelling the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various technologies of building-integrated photovoltaics considered in the market report are crystalline silicon (C-SI) and thin films, among others.
The significant application segments in the market are roofs, walls, glass, façade, and windows, among others.
The major end use segments of building-integrated photovoltaics in the market include industrial, commercial, and residential.
The major market players are AGC Glass Europe SA, BELECTRIC Solar & Battery GmbH, Heliatek GmbH, Carmanah Technologies Corporation, Greatcell Energy Pty Ltd., Hanergy Holding Group Limited, and Ertex Solartechnik GmbH, among others.
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