Building Integrated Photovoltaic (BIPV) Market

BUILDING INTEGRATED PHOTOVOLTAIC (BIPV) MARKET OVERVIEW

The global Building Integrated Photovoltaic (BIPV) Market Size was valued at 998.23 Billion USD in 2025 and is expected to reach 1967.8 billion USD in 2033, reflecting a compound annual growth rate (CAGR) of 8.8538% during the forecast period. 

In recent years there has been an increase in the use of BIPV in buildings as it serves the dual purpose of generating electricity and also as a building material. The use of BIPV reduces the reliance on fossil fuels greatly. Since they are visually appealing they also serve to enhance the building architecture.

Using the BIPV system improves the energy efficiency and greatly reduces the buildings carbon footprint. The BIPV system market is increasing significantly due to the rising demand around the globe for sustainable building practices and also government incentives. These factors not only resulted in the popularity of BIPV system but also the market growth.

LATEST TRENDS

"3D Printing Techniques Boosting the Market Growth"

The use of 3D printing in the BIPV system has made the BIPV system available to a large mass of the population. This is mainly due to the cost efficient and affordable methods employed by the 3D printing technology to generate the BIPV panels. This has resulted in the increase in the accessibility. Hence 3D printing has played a great role in boosting the Building Integrated Photovoltaic (BIPV) Market Growth.

GLOBAL CRISIS IMPACTING THE MARKET GROWTH

"US TARIFF IMPACT"

The implementation of tariff on the imported BIPV components can lead to increase in the cost of manufacturing the BIPV system which in turn leads to increase in the cost of the end product. Tariff also causes a disruption in the supply leading to a decline or delay in the manufacturing and sale of the BIPV system.

On the other hand, tariff also leads to increase in the domestic purchase of the BIPV system components leading to the growth of the domestic market. It should also be noted that tariff could make BIPV less competitive product among the other building components due to increase in price. From this it can inferred that tariff has a mixed effect on the BIPV system market.

BUILDING INTEGRATED PHOTOVOLTAIC (BIPV) MARKET SEGMENTATION

BY TYPE

Based on Type, the global building integrated photovoltaic (BIPV) market is categorized into Solar roof tiles, Solar Facades, Solar windows and BIPV system energy storage.

• Solar Roof Tiles: Designed to resemble the traditional roof tiles, these solar roof tiles serve dual purpose of harnessing solar energy as well as a roof tile. They key point of these tiles is that they have photovoltaic cells integrated in them which helps with producing electric energy from the stored solar energy.

• The benefits of using these tiles is that they are highly durable. Since the solar roof tiles are waterproof they protect the building from rain and damp weather. They are known to reduce the reliance on fossil fuels and also give a sleek modern look to the building as well. These features have made the solar roof tiles the leading player in BIPV market and in 2022 it held 66.9% of the entire BIPV market revenue.

• Solar Facades: When the photovoltaic panels are integrated with the buildings outer wall and serves the purpose of both energy generation and building envelop then it is called as the solar facades. Due to technological advancement and customizations now these facades are available in different shapes, sizes and colors in order to match the consumers aesthetics.

• By using the solar facades, the consumers can reduce their reliance on the traditional power grid. BIPV greatly contribute to the sustainability and reduces the energy consumption. They not only reduce the electricity cost but also CO2 emission as well. These factors have made the facades more popular and resulted in the market growth.

• Solar Windows: Integrating the windows of the buildings with photovoltaic panels allows for the generation of electric energy from the sun is the new trend in the BIPV industry.

• The use of BIPV in windows helps to generate clean energy. They can be used for both residential and commercial skyscrapers. Due to customization options they are now available in different colors and patterns to match the property aesthetics. They are also known to reduce solar heat gain. These factors have resulted in the growth of the solar windows and has also resulted in the BIPV market growth.

• BIPV Systems with Energy Storage: This method involves the combination of solar panels along with batteries to store the generated energy. This approach results in the steady supply of electricity even when there is no sun to generate solar energy.

BY APPLICATION

Based on Application, the global building integrated photovoltaic (BIPV) market is categorized into Real estate developers, Green building projects, Commercial buildings, Residential complexes and Architects.

• Real Estate Developers: In this industry, the BIPV is highly recommended for its energy saving solutions, reduces the carbon footprint and also to increase the property value. BIPV systems in real estate are used in roof tiles, facades and even windows to capture solar energy and then use it when there is a delay or demand. Hence it holds a significant position in real estate software.

• Green Building Projects: BIPV in the green building projects are mainly used to reduce the carbon footprint. This is done by integrating solar panels with the buildings to capture and convert it into electricity. It is also used to improve the aesthetic appeal of the building as well. These factors have made the use of green building an important factor in the BIPV market growth.

• Commercial Buildings: Integrating the solar panels in the offices, businesses and shopping malls help reduce the electricity consumption and promote renewable energy sources which not only reduces pollution but also carbon footprint.

• In the commercial buildings they are used in the form of PV glass, PV roofing, facades and windows. In the commercial buildings the BIPV can be used to power the heating and cooling systems, lights and other electrical devices showcasing the sustainable practices. These features have made the BIPV an important component in commercial buildings thereby leading to the growth of the BIPV system.

• Residential Complexes: In the residential areas the BIPV is widely used as solar roof tiles, in windows and also as facades to generate, store and use as renewable electric energy. Due to modern development and innovations, the BIPV system can now be customized to match the aesthetics of the residential property. These factors have led to the demand of BIPV leading to market growth.

• Architects: In the architect industry, the BIPV can be used to replace traditional building materials such as glass, tiles and claddings to solar glass windows, solar roof tiles and PV claddings. Not only do they provide aesthetic appeal but also can be used to generate renewable energy. These materials are not only cost efficient but are also durable and sustainable as well. As a result, they are widely used by architects in the construction leading to the BIPV system market growth.

MARKET DYNAMICS

Market dynamics includes driving and restraining factor, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Demand for Renewable Energy Driving the Market Growth"

In today's world, people are shifting towards renewable sources of energy. This is mainly due to the environmental impacts of using fossil fuels and increased carbon footprint. Renewable sources of energy such as solar energies are sustainable and reduces the environmental impact. It is also found to reduce carbon footprint. Hence, these factors have resulted in the growth of BIPV in construction leading to the market growth.

"Urbanization and Infrastructure Fueling the Market Growth"

Increase in the urbanization and infrastructure especially in the developing countries are a key factor for the market growth. Consumers around the globe are constantly looking for energy-efficient and sustainable construction and BIPV is the best choice for this application. BIPV system when used as roof tiles not only saves energy but also gives the building a modernized look. Due to these factors the BIPV system market is seeing a constant growth in recent years.

RESTRAINING FACTORS

"Fluctuating Cost of Raw Materials Restraining the Market Growth"

The cost of raw materials needed for the manufacturing of BIPV is always fluctuating. This could lead to increase in the cost of manufacturing which in turn could lead to increase in the cost of purchase and installation. This could deter the consumers from opting for the BIPV system for their properties leading to a restrain in the market growth.

CHALLANGES

"Limited Awareness Challenging the Market Growth"

" "The knowledge of BIPV system among the consumers is very less with developing and underdeveloped countries have less to no knowledge about this system. This results in the slow progress and innovations in the BIPV market leading to a challenge that is very hard for the manufacturers and suppliers of BIPV system to overcome. This pose as a hindrance for the steady growth of the BIPV market.

OPPORTUNITY

"BIPV in various Building Materials Opening New Opportunities for the Market Growth"

 With the constant innovations and developments in the BIPV industry, they can now be easily integrated with various building materials such as glass, facades and even roof tiles. This has opened new market for the BIPV industry. Consumers are now able to match with the aesthetics of their property due to the BIPV integration with different materials. These factors have opened the BIPV industry to new opportunities that are now aiding with its market growth.

BUILDING INTEGRATED PHOTOVILTAIC (BIPV) MARKET REGIONAL INSIGHT

• NORTH AMERICA

The United States Building Integrated Photovoltaic (BIPV) Market is growing at a rapid phase. The growth is driven by the demand for renewable and sustainable forms of energy and the increase in the construction of both residential and commercial buildings.

In the US the BIPV are extensively used as roof tiles, facades and other forms of building structure to provide not only energy but also a modern aesthetic appeal to the property. As a result, the market in the US is growing at a steady rate and is expected to reach a value of 14.754 billion USD by the year 2030.

• EUROPE

The European region is holding a significant Building Integrated Photovoltaic (BIPV) Market Share. The market in this region is propelled by the increase in demand for eco-friendly and sustainable forms of energy generation, mainly to reduce the carbon footprint. The government incentives and policies for renewable energy have also been a key factor for the next growth.

Among the European countries Germany is considered as the dominant player in the BIPV market and is followed by countries like France, Spain and Italy leading the Europe BIPV market.

• ASIA

In the Asia-Pacific region the BIPV system has recently gained traction due to rapid urbanization and growing demand for sustainable and renewable sources of energy. This is mainly done to reduce the carbon emissions compared to the traditional energy generation method.

Rapid technological development and constant upgrade of the BIPV system is the key factor for the Chinese BIPV System market growth and has become the dominant player in the market.

Hence the Asia-Pacific market is expected to reach a value of 6.6 million USD by the year 2031.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

The key industry players are also called as the dominant players in the BIPV system market. They keep up with the latest trends that boost the market growth. The key players invest extensively in the research & development to come up with upgraded and innovative services and products. They are also responsible for the smooth distribution and supply of the products. The key players also come up with new strategies to promote market growth.

LIST OF KEY BUILDING INTEGRATED PHOTOVOLTAIC (BIPV) COMPANIES

• Tesla Solar (U.S.)
• First Solar (U.S.)
• SunPower (U.S.)
• Solaria Corporation (U.S.)
• Sharp Corporation (Japan)
• LG Electronics (South Korea)
• JinkoSolar (China)
• Canadian Solar (Canada)
• Trina Solar (China) 
• Suntech Power (China)

KEY INDUSTRY DEVELOPMENT

April 2024: A Japanese chemical manufacturing company called Kakeka corporation and Taisei launched a “G. G. Energy Corporation “Their main aim for this launch is to sell Green Multi Solar, a solar system that is integrated into the walls and windows of the buildings. They planned on promoting it to businesses and government facilities as a step towards a carbon neutral society.

REPORT COVERAGE

This report covers the basis of Building Integrated Photovoltaic (BIPV) and its global market. It describes the latest trends in the market that boost its growth. The impact of tariffs on the global and domestic market as well.

The report also briefly explains the segmentation of the BIPV market on the basis of type and application and its contribution to the market growth. The driving factors and opportunities that boost the market. The restraining factors and challenges that hinder the market growth.

The report explains the regional insight of the BIPV market. The role of key industry players and the key industry development that took place recently in the market.