Building-integrated Photovoltaics Market Size, Share & Trends Analysis Report By Technology (Crystalline Silicon, Thin Film), By Application (Roof, Glass, Wall, Facade), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global building-integrated photovoltaics market size was valued at USD 19.82 billion in 2022 and is expected to exhibit a compound annual growth rate (CAGR) of 21.0% from 2023 to 2030. The rapid expansion of the solar photovoltaic (PV) installation capacities of different countries, coupled with increasing demand for renewable energy sources, is expected to drive the growth of solar panel market across the world. Increased awareness for energy security and self-sufficiency and favorable government legislations, coupled with the unilateral obligation of countries such as Germany, Italy, France, the UK, the U.S., China, Japan, and India to the Kyoto Protocol, designated to reduce greenhouse gas (GHG) emissions, are also expected to promote the growth of the market in the coming years.

The presence of a consumer base with high disposable income levels and the increasing affinity toward integrated installations in residential and commercial buildings in the country are anticipated to boost the demand for the product in the forecast period. In addition, the growing innovation in the domain is projected to increase the operational efficiency of the product, translating into market growth. The building-integrated photovoltaics (BIPV) market in the U.S. is likely to be driven by the growing demand for alternate sources of energy. The demand for building-integrated photovoltaics is likely to be fueled by the high need for integrated roof systems in commercial and industrial establishments. Improvements in the manufacturing technology of thin film BIPV modules and the rising efficiency of the product are expected to drive the market over the forecast period.

The government of France offers the highest FiTs for electricity generated through photovoltaic components, which are essentially integrated into buildings. Capacity generated by photovoltaics integrated into building envelopes accounts for a substantial share of the overall accumulated, installed capacity generated by photovoltaics in the country. The country offers high subsidies and benefits pertaining to the use of building integrated photovoltaics in a bid to encourage such installations in the country.

Technology Insights

On the basis of technology, the global market has been further divided into crystalline silicon, thin film and others. Crystalline silicon segment led the market and accounted for 71.0% of the global revenue share in 2022. Crystalline silicon cells can be integrated into building roofs by using smart mounting systems, which replace the sections of the roof while keeping its integrity intact. This type of integration does not account for large investments and provides high efficiency. Another option of integration is the replacement of roof tiles with crystalline silicon cells. In addition, the market witnesses the use of anti-reflective coatings, which aid the capture of solar energy and provide superior efficiency. Crystalline silicon has the highest energy conversion efficiency at present; commercial modules typically convert 13%–21% of the incident sunlight into electricity.

Thin film held a share of 22.15% in the global market in 2022. The thin film BIPV market is expected to witness sustained growth over the forecast period due to rapid technological advancements leading to the introduction of advanced products. Thin film BIPVs are readily used in case of considerable weight constraints for the building. In such cases, the building envelope is unable to support the weight of crystalline silicon integration, leading to high demand for thin film integrated installation. Thin film is advantageous as it can be used for curved surfaces owing to its superior flexibility

Other technology segment includes advanced integrated photovoltaic manufacturing technologies such as dye sensitized cells (DSC) and organic photovoltaics (BIOPV). The demand is expected to be driven by the superior energy bandgap of organic photovoltaics. Rapid technological advancements have led to a significant increase in the efficiency of organic PVs, which is anticipated to boost their demand over the forecast period.

Application Insights

Roof installation segment led the market and accounted for the largest revenue share of 61.57% in 2022. The roof segment will maintain its lead throughout the forecast period. Photovoltaics integrated with building roofs are known to exhibit efficiency due to improved incidence of light on the roof surface. The segment accounted for the highest market share in 2021 owing to the higher strength and improved aesthetic appeal of integrated roofs and skylights. The demand for building integrated roofs is expected to increase over the forecast period due to the development of superior products.

The market is anticipated to have a steady growth in all segments as the demand for BIPV increases. Superior efficiency of solar walls due to strong incident sunlight is expected to drive the demand for BIPV in walls over the forecast period. Introduction of advanced low-weight solar panels is expected to facilitate the demand for building integrated walls. The development of advanced solutions such as the combination of amorphous silicon transparent glass solar panels with an opaque glazing unit is likely to drive the demand for BIPV in these applications. The use of double- and triple-glazed insulating glass in BIPV walls is also expected to boost the product demand in the forecast period.

BIPV facades experience high demand, primarily in the developed economies that have a well-established electricity distribution system. The demand for integration of photovoltaics with facades is driven by their increasing installation in the commercial sector. Glass integrations are expected to grow on account of high transparency of integrated systems coupled with superior integration of glass and BIPV cells. The development of photovoltaic materials with high absorption is expected to propel the product demand over the forecast period.

Others application segment includes shading and membranes. The demand for such products is high in residential installations due to the development of lightweight materials for use in uneven surfaces. The installations do not generally use crystalline silicon photovoltaic module, as the structure is incapable of supporting heavy weight.

End-use Insights

Industrial segment led the market in 2022 and accounted for 40.31% of market share. The demand for building-integrated photovoltaics in industrial applications is expected to be fueled by their growing usage to reduce reliance on non-renewable energy sources. The segment is anticipated to expand in the wake of commercial building in the European region. In addition, companies in developed economies in Europe exhibit an increased tendency toward the use of integrated photovoltaics in a bid to improve the aesthetic appeal of buildings.

The demand for building-integrated photovoltaics in commercial establishments is likely to be fueled by the growing number of retrofit projects using these installations. The high emphasis on the aesthetic appeal of solar energy-harnessing systems, primarily in commercial establishments, is likely to fuel the product demand in this sector.

The demand for building-integrated photovoltaics in residential sector is expected to be driven in the forecast period owing to increasing awareness regarding the use of renewable sources of energy for electricity generation among the consumers. However, high cost of integration of photovoltaics into the building envelope is expected to act as a restraint for the market growth over the forecast period.

Regional Insights

Europe dominated the global market in 2022 and accounted for the largest revenue share of over 37.42%.Favorable outlook toward renewable energy coupled with consumer awareness for the same in European countries is likely to drive the market for BIPV over the forecast period. Germany and Italy are increasingly emphasizing the use of solar energy, which is expected to translate into higher adoption of BIPV, thus promoting industry growth in the forecast period.

The demand for building-integrated photovoltaics in the North America region is anticipated to grow on account of the rising adoption of aesthetically appealing solar energy-harnessing systems. In addition, the high disposable incomes of consumers in the region, primarily the U.S. and Canada, and the advances in the production technologies of BIPV solar panels are likely to lead to an increased demand for the product over the next seven years. the demand for the product is anticipated to remain high in economies such as China and Japan owing to the increasing efforts by governments to adopt these solutions. Consumers in the region exhibit a high demand for renewable energy sources in order to reduce the impact of non-renewable energy sources on the environment.

The burgeoning building & construction industry in the Central and South America is estimated to drive the market over the forecast period. In addition, the demand for BIPV systems in the region is predicted to increase due to their application in the industrial and commercial sectors. Furthermore, the market in CSA, primarily in Brazil and Argentina, witnesses’ high potential due to the increased installation of solar energy-harnessing systems.

Key Companies & Market Share Insights

BIPV manufacturers have been implementing various strategies such as new product developments, partnerships, joint ventures, agreements, and collaborations, among others, to maximize their market penetration and to cater to the changing requirements of the architects and construction contractors.  For instance, Hanergy Thin Film Power Group partnered with CSR Group to launch thin film flat SOLARtile, which is used as a roof application in building photovoltaics. First Solar, Inc. announced to invest USD 684 million in a new, fully vertically integrated photovoltaic (PV) thin film solar module manufacturing facility in Tamil Nadu, India.  Some of the prominent players operating in the global building-integrated photovoltaics market include:

• Hanergy Mobile Energy Holding Group Limited

• AGC Inc.

• The Solaria Corporation

• Heliatek GmbH

• Tesla

• Ertex Solar

• Onyx Solar Group LLC

• NanoPV Solar Inc.

• Polysolar Ltd

• ViaSolis

Building-integrated Photovoltaics Market Report Scope

Global Building-integrated Photovoltaics Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. Forthis study, Grand View Research has segmented the global building-integrated photovoltaics market report based on technology, application, end use, and region:

• Technology Outlook (Revenue, USD Million, 2018 - 2030)

  • Crystalline Silicon

  • Thin Film

  • Others

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Roof

  • Glass

  • Wall

  • Facade

  • Others

• End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Industrial

  • Commercial

  • Residential

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa