Building-integrated Photovoltaics Market by Technology, Application, End-use

Description

List of Tables

The Building-integrated Photovoltaics Market was valued at USD 17.29 billion in 2023, expected to reach USD 20.74 billion in 2024, and is projected to grow at a CAGR of 20.71%, to USD 64.58 billion by 2030.

Building-integrated photovoltaics (BIPV) is a rapidly evolving field within renewable energy that seamlessly integrates solar panels into the architectural structures of buildings, serving both as a source of electricity and as building materials. This duality offers economic and environmental benefits, enhancing energy efficiency and contributing to sustainable urban development. The necessity for BIPV is driven by increasing energy demands, a global shift towards renewable energy, and stringent regulations on energy efficiency and carbon emissions. Applications for BIPV extend beyond mere rooftops, encompassing facades, windows, and skylights in both residential and commercial buildings. The end-use scope is broad, covering sectors such as governmental infrastructure, commercial real estate, educational institutions, and private residences. Key factors influencing growth include technological advancements that increase the efficiency and aesthetic appeal of photovoltaic materials, supportive government policies and incentives, and rising consumer awareness of renewable energy benefits. Important market opportunities lie in emerging economies where new infrastructure investments are high, as well as in retrofitting existing urban centers with BIPV solutions. However, the market faces challenges such as high initial investment costs, relatively low conversion efficiency compared to standalone photovoltaics, and architectural limitations that can complicate integration. To overcome these, innovation in lightweight, flexible photovoltaic materials and systems that enhance building aesthetics without compromising functionality is crucial. Research into cost-reduction technologies and the development of integrated energy storage systems can also provide a competitive edge. Additionally, expanding partnerships between photovoltaic technology companies and construction firms could further streamline the integration process. Given its nature, the BIPV market is highly competitive and rapidly expanding, driven by both technological innovation and regulatory pressures. Businesses aiming to capitalize on this market should focus on developing adaptive solutions that address both efficiency and aesthetic demands, explore partnerships for mutual technological benefits, and actively engage in policy advocacy to promote favorable regulatory landscapes.

KEY MARKET STATISTICS
Base Year [2023]	USD 17.29 billion
Estimated Year [2024]	USD 20.74 billion
Forecast Year [2030]	USD 64.58 billion
CAGR (%)	20.71%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Building-integrated Photovoltaics Market

The Building-integrated Photovoltaics Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing demand for sustainable and green building solutions in consumers and governments sector
- Integration in the design of buildings, serving both as energy-generating systems and as structural element
- Increased energy efficiency standards to incorporate renewable energy systems into the projects
Market Restraints
- Limited awareness and expertise of BIPV technology among potential users
Market Opportunities
- Technological advancements in BIPV technology such as higher efficiency solar cells, improved aesthetic integration, and innovative materials
- Increasing urbanization and the development of smart cities to integrate BIPV in urban infrastructure projects
Market Challenges
- Complex regulatory landscape in building codes for ensuring the BIPV products local standards

Porter's Five Forces: A Strategic Tool for Navigating the Building-integrated Photovoltaics Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Building-integrated Photovoltaics Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Building-integrated Photovoltaics Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Building-integrated Photovoltaics Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Building-integrated Photovoltaics Market

A detailed market share analysis in the Building-integrated Photovoltaics Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Building-integrated Photovoltaics Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Building-integrated Photovoltaics Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Building-integrated Photovoltaics Market

A strategic analysis of the Building-integrated Photovoltaics Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Building-integrated Photovoltaics Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Acciona SA, AGC Group, Altus Power, Inc., Belectric GmbH, Canadian Solar Inc., Ertex Solartechnik GmbH, GreatCell Solar Limited, GreenBrilliance Renewable Energy LLP, Hanergy Holding Group Ltd., Hanwha Group, Heliatek GmbH, JA Solar Technology Co.,Ltd., JinkoSolar Holding Co., Ltd., Kaneka Corporation, Kyocera Corporation, Onyx Solar Energy S.L., Panasonic Corporation, Renesola Co. Ltd., Risen Energy Co., Ltd., Sharp Corporation, Solaria Corporation, SolarWindow Technologies, Inc., Sphelar Power Corporation, and SunPower Corporation.

Market Segmentation & Coverage

This research report categorizes the Building-integrated Photovoltaics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Technology, market is studied across Crystalline Silicon and Thin Film. The Crystalline Silicon is further studied across Monocrystalline and Polycrystalline. The Thin Film is further studied across Concentrated PV Panels, Thin Film A-SI PV Panel, Thin Film CDTE PV Panel, and Thin Film CIGS PV Panel.
Based on Application, market is studied across Externally Integrated Systems, Facades, and Roofing. The Facades is further studied across Awnings, Curtain Walls, and Windows. The Roofing is further studied across Laminates, Metal Seam, Shingles, Skylights, and Tiles.
Based on End-use, market is studied across Commercial, Industrial, and Residential.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-0D217D5B017D

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for sustainable and green building solutions in consumers and governments sector

5.1.1.2. Integration in the design of buildings, serving both as energy-generating systems and as structural element
5.1.1.3. Increased energy efficiency standards to incorporate renewable energy systems into the projects

5.1.2. Restraints
- 5.1.2.1. Limited awareness and expertise of BIPV technology among potential users

5.1.3. Opportunities
- 5.1.3.1. Technological advancements in BIPV technology such as higher efficiency solar cells, improved aesthetic integration, and innovative materials
- 5.1.3.2. Increasing urbanization and the development of smart cities to integrate BIPV in urban infrastructure projects

5.1.4. Challenges
- 5.1.4.1. Complex regulatory landscape in building codes for ensuring the BIPV products local standards

5.2. Market Segmentation Analysis
- 5.2.1. Technology :Adoption of thin film technologies in BIPV for its flexibility and lightweight designs
- 5.2.2. Application : Significant usage of building-integrated photovoltaics in roofing application for overall high performance

5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Building-integrated Photovoltaics Market, by Technology

6.1. Introduction
6.2. Crystalline Silicon
- 6.2.1. Monocrystalline
- 6.2.2. Polycrystalline
6.3. Thin Film
- 6.3.1. Concentrated PV Panels
- 6.3.2. Thin Film A-SI PV Panel
- 6.3.3. Thin Film CDTE PV Panel
- 6.3.4. Thin Film CIGS PV Panel

7. Building-integrated Photovoltaics Market, by Application

7.1. Introduction
7.2. Externally Integrated Systems
7.3. Facades
- 7.3.1. Awnings
- 7.3.2. Curtain Walls
- 7.3.3. Windows
7.4. Roofing
- 7.4.1. Laminates
- 7.4.2. Metal Seam
- 7.4.3. Shingles
- 7.4.4. Skylights
- 7.4.5. Tiles

8. Building-integrated Photovoltaics Market, by End-use

8.1. Introduction
8.2. Commercial
8.3. Industrial
8.4. Residential

9. Americas Building-integrated Photovoltaics Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Building-integrated Photovoltaics Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Building-integrated Photovoltaics Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Energy Partners and Fairvest unveil Metalbox skyscraper, Johannesburg's first solar facade building generating 300 MWh annually to boost ESG goals
- 12.3.2. Fraunhofer ISE and partners simplify building-integrated photovoltaics with standardized facade solutions boosting energy efficiency and aesthetics
- 12.3.3. DAH Solar unveils BIPV panel with up to 380W power, TOPCon cells, 30-year lifespan, and color options for seamless building integration
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. ABB Ltd.
2. Acciona SA
3. AGC Group
4. Altus Power, Inc.
5. Belectric GmbH
6. Canadian Solar Inc.
7. Ertex Solartechnik GmbH
8. GreatCell Solar Limited
9. GreenBrilliance Renewable Energy LLP
10. Hanergy Holding Group Ltd.
11. Hanwha Group
12. Heliatek GmbH
13. JA Solar Technology Co.,Ltd.
14. JinkoSolar Holding Co., Ltd.
15. Kaneka Corporation
16. Kyocera Corporation
17. Onyx Solar Energy S.L.
18. Panasonic Corporation
19. Renesola Co. Ltd.
20. Risen Energy Co., Ltd.
21. Sharp Corporation
22. Solaria Corporation
23. SolarWindow Technologies, Inc.
24. Sphelar Power Corporation
25. SunPower Corporation