Global Building-integrated Photovoltaics Market Size Study, By Technology, By Application, By End-use, and Regional Forecasts 2022-2032

Description

The global building-integrated photovoltaics (BIPV) market represents a transformative approach to sustainable energy generation, merging photovoltaic technology with architectural elements. Estimated at USD 23.67 billion in 2023, the market is projected to achieve a robust CAGR of 21.2% from 2024 to 2032. BIPVs are gaining traction as a dual-purpose solution for renewable energy production and aesthetic building integration, driving demand across residential, commercial, and industrial sectors.

Governments worldwide are implementing supportive policies, including subsidies, feed-in tariffs (FiTs), and tax incentives, to promote solar energy adoption. For instance, European countries such as Germany and France offer high FiTs for BIPV-generated electricity, while the U.S. incentivizes solar installations through federal tax credits. These policies, coupled with increasing awareness of energy security and the need to reduce greenhouse gas emissions, are propelling the BIPV market forward.

The market's growth is further accelerated by advancements in thin-film and organic photovoltaic technologies, which offer flexibility, lightweight properties, and high efficiency. Innovations in anti-reflective coatings and tandem photovoltaic panels are enhancing the performance and durability of BIPVs, making them suitable for diverse applications, including roofs, facades, walls, and glass panels.

Technology Innovations: Development of advanced thin-film and organic photovoltaic systems enhances integration capabilities with various building structures, increasing adoption in modern architecture.

Energy Efficiency Standards: The rising implementation of global energy efficiency directives, such as the Kyoto Protocol and Paris Agreement, is fostering the adoption of renewable energy technologies, including BIPVs.

Aesthetic Integration: Growing consumer preference for aesthetically appealing energy solutions is driving demand for BIPVs in residential and commercial applications.

Emerging Markets Expansion: Rapid urbanization and infrastructure development in Asia-Pacific and Middle East & Africa regions are creating lucrative opportunities for BIPV manufacturers.

Regional Dynamics

North America: The region is witnessing rapid adoption of BIPVs, driven by advancements in production technologies and the presence of major players. The U.S., in particular, is emphasizing the deployment of solar energy systems in both residential and commercial buildings.
Europe: Dominating the market with a 37.1% share in 2023, Europe's growth is fueled by strong government initiatives and widespread consumer awareness. Germany, Italy, and France are key contributors, leveraging policies like feed-in tariffs to encourage adoption.
Asia-Pacific: Expected to grow at the fastest CAGR, the region benefits from supportive government programs in countries like China and Japan. Increased consumer spending and urbanization trends are further bolstering market expansion.
Middle East & Africa: The region is emerging as a significant market due to high solar energy potential and increased investments in renewable energy infrastructure.

Key Companies:

SolarWindow Technologies, Inc.
AGC Inc.
Hanergy Mobile Energy Holding Group Limited
The Solaria Corporation
Heliatek GmbH
Tesla
BELECTRIC
ertex solartechnik GmbH
Greatcell
Carmanah Technologies Corp.

The detailed segments and sub-segments of the market are explained below:

By Technology:

Crystalline Silicon
Thin Film
Others (Organic Photovoltaics, Dye-Sensitized Cells)

By Application:

Roof
Wall
Glass
Facade
Others (Shading, Membranes)

By End-use:

Residential
Commercial
Industrial
Utility

By Region:

North America
- U.S.
- Canada
- Mexico
Europe
- Eastern Europe: Russia, Poland, Hungary
- Western & Central Europe: Germany, Netherlands, France, Austria, Switzerland, Belgium
- Southern Europe: Spain, Portugal, Italy, Greece, Croatia
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Malaysia, Singapore, Thailand, Vietnam
Central & South America
- Brazil
- Argentina
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of the competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Building-integrated Photovoltaics Market Executive Summary

1.1. Global Building-integrated Photovoltaics Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Technology
- 1.3.2. By Application
- 1.3.3. By End-use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Building-integrated Photovoltaics Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Building-integrated Photovoltaics Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand for Renewable Energy Sources
- 3.1.2. Advancements in Thin Film and Organic Photovoltaic Technologies
- 3.1.3. Favorable Government Policies and Subsidies
3.2. Market Challenges
- 3.2.1. High Initial Costs of Installation
- 3.2.2. Limited Awareness in Developing Regions
3.3. Market Opportunities
- 3.3.1. Expanding Urbanization in Emerging Markets
- 3.3.2. Innovations in Lightweight and Flexible Photovoltaics

Chapter 4. Global Building-integrated Photovoltaics Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Building-integrated Photovoltaics Market Size & Forecasts by Technology (2022-2032)

5.1. Segment Dashboard
5.2. Global Building-integrated Photovoltaics Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Crystalline Silicon
- 5.2.2. Thin Film
- 5.2.3. Others (Organic Photovoltaics, Dye-Sensitized Cells)

Chapter 6. Global Building-integrated Photovoltaics Market Size & Forecasts by Application (2022-2032)

6.1. Segment Dashboard
6.2. Global Building-integrated Photovoltaics Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Roof
- 6.2.2. Wall
- 6.2.3. Glass
- 6.2.4. Facade
- 6.2.5. Others (Shading, Membranes)

Chapter 7. Global Building-integrated Photovoltaics Market Size & Forecasts by End-use (2022-2032)

7.1. Segment Dashboard
7.2. Global Building-integrated Photovoltaics Market: End-use Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Residential
- 7.2.2. Commercial
- 7.2.3. Industrial
- 7.2.4. Utility

Chapter 8. Global Building-integrated Photovoltaics Market Size & Forecasts by Region (2022-2032)

8.1. North America Building-integrated Photovoltaics Market
- 8.1.1. U.S. Building-integrated Photovoltaics Market
  - 8.1.1.1. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Building-integrated Photovoltaics Market
- 8.1.3. Mexico Building-integrated Photovoltaics Market
8.2. Europe Building-integrated Photovoltaics Market
- 8.2.1. Germany Building-integrated Photovoltaics Market
- 8.2.2. France Building-integrated Photovoltaics Market
- 8.2.3. Italy Building-integrated Photovoltaics Market
- 8.2.4. UK Building-integrated Photovoltaics Market
- 8.2.5. Spain Building-integrated Photovoltaics Market
8.3. Asia Pacific Building-integrated Photovoltaics Market
- 8.3.1. China Building-integrated Photovoltaics Market
- 8.3.2. Japan Building-integrated Photovoltaics Market
- 8.3.3. India Building-integrated Photovoltaics Market
- 8.3.4. South Korea Building-integrated Photovoltaics Market
- 8.3.5. Australia Building-integrated Photovoltaics Market
8.4. Central & South America Building-integrated Photovoltaics Market
- 8.4.1. Brazil Building-integrated Photovoltaics Market
- 8.4.2. Argentina Building-integrated Photovoltaics Market
8.5. Middle East & Africa Building-integrated Photovoltaics Market
- 8.5.1. Saudi Arabia Building-integrated Photovoltaics Market
- 8.5.2. UAE Building-integrated Photovoltaics Market
- 8.5.3. South Africa Building-integrated Photovoltaics Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. SolarWindow Technologies, Inc.
- 9.1.2. Tesla
- 9.1.3. Hanergy Mobile Energy Holding Group Limited
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. SolarWindow Technologies, Inc.
- 9.3.2. Tesla
- 9.3.3. Hanergy Mobile Energy Holding Group Limited
- 9.3.4. AGC Inc.
- 9.3.5. Heliatek GmbH
- 9.3.6. BELECTRIC
- 9.3.7. ertex solartechnik GmbH

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes