BIPV Market Report

BIPV Market Analysis By Technology (Crystalline Silicon, Thin Film) By Application (Roofs, Walls, Glass Integrated, Facade), By End-Use (Residential, Commercial, Industrial), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2013 - 2024

Published: November 2016  |  100 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-301-0

Industry Insights

The global BIPV and BIOPV market size was valued at USD 6.94 billion in 2015 and is expected to witness significant growth over the next eight years on account of high demand for integrated solar energy solutions that do not interfere with the integrity of the building premises.

The industry is expected to witness high growth as the product is in the growth stage of the product lifecycle and is likely to sustain high growth due to the superior integration of the product coupled with increased adoption of solar energy harnessing systems. However, high initial investment costs coupled with efficiency reduction due to shadowing are likely to restrain the growth. The Building Integrated Photovoltaics (BIPV) market is expected to grow on account of increasing installations of integrated solar energy harnessing systems.

Germany BIPV market revenue, by technology, 2013 - 2024 (USD Million)

Germany BIPV market

Increasing demand for the systems on account of monetary and other economic benefits offered by the national governments is likely to translate into the growth. The industry is expected to benefit from the increased efforts by the governmental agencies to promote the solar energy solutions among the consumers in the region.

The industry witnesses’ stiff competition for the procurement of silicon from the electronic industry due to increased demand for smartphones and laptops. In addition, significant technological advances pertaining to the manufacturing technology and product development are likely to drive the demand for the product over the forecast period.

Application Insights

Roof integrated photovoltaics accounted for the highest revenue share of over 61% in 2015 due to the higher effective operational area available in such installations. The demand for roof installation is likely to grow over the forecast period due to high demand by the installations for the residential locations.

The demand for facades is expected to grow at a CAGR of more than 16% from 2016 to 2024 driven by the increasing demand for integrated facades where other type of solar panels cannot be used. In addition, ease of integration of solar modules with such facades is expected to drive the demand for the product over the next eight years.

The market for other integrated surfaces is likely to grow due to increasing demand for integration with curved building surfaces that receive huge amounts of sunlight which is not possible to be harnessed using other solar energy harnessing systems.

Technology Insights

Thin film integrated technology is expected to grow on account of superior integration leading to a higher aesthetic appeal. Furthermore, rising demand for transparent panels integrated into windows is expected to drive the segment demand over the forecast period. However, limited output efficiency of such modules is likely to restrain the demand over the next eight years.

Global BIPV market revenue, by technology, 2015 (%)

Global BIPV market

The industry is segmented on the basis of production technology into C-Si, thin film, and other technologies including dye solar cell (DSC) and organic photovoltaic (OPV). The market is dominated by C-Si building integrated photovoltaics with the segment accounting for USD 4.90 billion in 2015 due to ease in availability of the product. The segment is likely to grow on account of increasing demand for higher efficiency integrated module.

End-Use Insights

The industrial segment accounts for the highest revenue share due to high adoption of the product for industrial applications. Decreasing reliance on renewable energy sources for electricity among the various industries and organizations is expected to lead to increased demand for building integrated photovoltaics.

The demand for commercial integrated systems is expected to grow due to increased efforts by the commercial entities to project an eco-friendly image. Also, improved aesthetic appeal of the integrated photovoltaics is expected to drive the demand for the product over the next eight years.

Regional Insights

The market in Asia Pacific is expected to exhibit the highest growth due to increased disposable income coupled with favorable regulations and norms for the use of integrated photovoltaics for energy generation. Increasing adoption of solar energy coupled with the rapidly developing construction sector primarily in the developing economies including India and China is expected to propel growth over the forecast period.

The BIPV market in Germany witnessed healthy growth on account of favorable regulations enacted by the European Commission regarding the use of BIPV in the region. In addition, favorable government regulations and efforts to promote the use of solar energy is expected to bode well for the growth. Growing subsidies and tax reductions offered by the governments is expected to drive the demand for building integrated photovoltaics in the region.

Competitive Insights

Major players in the market resort to strategies such as mergers and acquisitions to increase their presence.Key players in the global industry include AGC Solar, BIPV Ltd., Belectric Holding GmbH, Heliatek GmbH, Dyesol Ltd., Ertex Solar, Hanergy Holding Group Limited, and Ertex Solar.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historic data

2013 - 2015

Forecast period

2016 - 2024

Market representation

Revenue in USD Million & CAGR from 2016 to 2024

Regional scope

North America, Europe, Asia Pacific, Latin America & MEA

Country scope

U.S., Canada, UK, Germany, Japan, China, Brazil, Mexico, South Africa

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the latest trends in each of the sub-segments from 2013 to 2024. For the purpose of this study, Grand View Research has segmented the BIPV market on the basis of technology, application, end-use and region:

  • Technology Outlook (Revenue, USD Million, 2013 - 2024)
    • Crystalline Silicon (C-Si)

    • Thin Film

    • Others

  • Application Outlook (Revenue, USD Million, 2013 - 2024)
    • Roofs

    • Walls

    • Glass

    • Facade

    • Others

  • End-Use Outlook (Revenue, USD Million, 2013 - 2024)
    • Residential

    • Commercial

    • Industrial

  • Regional Outlook (Revenue, USD Million, 2013 - 2024)
    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • India

      • Japan

    • Central and South America (CSA)

    • Middle East & Africa 

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