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Global Building-integrated Photovoltaics Market by Technology (Crystalline Silicon, Thin Film), by Application (Glass, Roofs), by End Use (Industrial, Commercial) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: ME-73106
  • Author: Up Market Research
  • Rating: 4.9
  • Total Reviews: 61
  • No. Of Pages: 211
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  • Pub. Date: 2021-10-21
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Summary of the Report

Global building-integrated solar photovoltaics market was valued at USD 14.4 Billion in 2020. It is expected to grow at a compound annual rate (CAGR of 20.0%) between 2021 and 2028. Over the next seven year, the market will be driven by the increasing effort of national governments to install solar energy panels. Building-integrated photovoltaics (BIPV) will be in demand due to rising awareness about green infrastructure. This includes buildings that are energy efficient. BIPV is a cost-effective and sustainable solution to improve the energy efficiency of a structure and retrofit the exterior. It also provides significant savings on conventional power consumption.

Due to increasing implementation of supportive government regulations, including financial benefits and incentives, the U.S. market is expected to experience significant growth. Moreover, the U.S. Solar Industry is expected to see a rise in investments over the forecast period. This will lead to increased solar energy integration in both residential and commercial sectors.

Market growth will be limited by the low initial costs and intermittent nature of solar energy. However, the market for building-integrated solar photovoltaics will continue to grow due to increasing investments in research and development that result in technological advances in new manufactured modules.

European researchers at the Interdisciplinary Research Institute of Grenoble developed solar panels in variable colours that can adjust to the temperature and intensity of sunlight. Mini-modules are efficient at 3.68% and have a surface area of 14 centimeters. This significantly reduces the cost of manufacturing PV panels.

Technology Insights

With a market share of more than 70.0%, crystalline silicon technology was the dominant player in 2020. Its superior resistance to adverse weather and strength are the main reasons for its dominance in the market. The declining cost of crystalline silicon cells is expected to drive the global market. This will in turn lead to a lower installation cost over the next seven year.

The segment's growth is expected to be boosted by the increasing demand for thin-film modules for windows. This segment will likely see above-average growth due to thin-film manufacturing using lightweight and flexible materials and its strong durability and narrow design. Segment growth will be limited by the fact that higher-grade silicon films have a better space efficiency than thin-film technology.

Application Insights

Due to the greater area of BIPV panels, the roofs segment had a higher revenue share than 60.0% in 2020. Roofing installations are expected to increase in demand in countries like the U.S. and the U.K. as well as Germany, France, and Germany. The forecast period will also see an increase in demand for off-grid solar PV system due to the increasing deployment of energy storage systems.

Due to its improved aesthetic appeal, the glass segment will experience the fastest CAGR during the forecast period. Segment growth will be positively influenced by the integration of photovoltaic systems with glass and the ease-of-installation. Additionally, urbanization is driving the construction of solar-integrated, curved glass buildings that receive higher levels of solar radiation.

End-use Insights

In 2020, the industrial segment held the highest revenue share at over 40.0%. The industrial segment will be driven by government initiatives that focus on decreasing dependence on traditional power generation sources and increasing the use of renewable energy sources in the energy mix. The industry segment's growth is further supported by the increasing number of utility-scale projects in different countries.

Due to increasing awareness of zero-emission green infrastructure, the commercial segment will experience significant growth. BIPV systems improve the aesthetic appeal and efficiency of commercial establishments, which in turn drives product deployment.

Due to growing demand for residential solar PV panels and the increasing availability of energy storage, the residential segment is expected to grow at a substantial CAGR over the forecast period. The forecast period will see increased demand for rooftop BIPV systems from residential roofs thanks to government subsidies such as net-metering programs.

Regional Insights

Europe had a 39.8% revenue share in 2020. Regional growth is being supported by countries such as France, Spain, Italy, Spain and the U.K. The European Commission's financial incentives such as subsidies for photovoltaic integration are expected to accelerate regional market growth. Europe has also been reducing the levelized price of electricity (LCOE), which offers lucrative growth opportunities for the industry.

North America holds a prominent position in the market, with Canada and the U.S. being the main revenue contributors to regional market growth. Market growth will be influenced by the existence of regulations and norms that encourage BIPV installation expansion across industrial and commercial establishments. According to the Solar Energy Industries Association (SIA), the U.S. solar sector received a total investment of USD 18.0 Billion in 2019.

Market Share Insights & Key Companies

To increase their global presence, industry participants are looking for strategic initiatives such as mergers and acquisitions and innovative product development. Market players also invest in research and development to lower the cost of BIPV installation. Local production is encouraged by the industry to create local jobs, reduce logistics costs and minimize emissions. As manufacturers set up partnerships with end users to acquire bulk amounts of BIPV, forward integration will reduce companies' vulnerability to investment risk. The following are some of the most prominent players in global building-integrated solar photovoltaics market:

  • AGC Solar

  • Belectric

  • Heliatek GmbH

  • Carmanah Technologies Corp.

  • Dyesol Ltd. (Greatcell Solar Ltd.

  • Ertex solartechnik GmbH

  • ISSOL SA

  • Canadian Solar Inc.

  • Onyx Solar Energy S.A.

  • Tesla Inc.

Up Market Research published a new report titled “Building-integrated Photovoltaics Market research report which is segmented by Technology (Crystalline Silicon, Thin Film), by Application (Glass, Roofs), by End Use (Industrial, Commercial), By Players/Companies Carmanah Technologies Corp, Heliatek GmbH, Onyx Solar Energy SL, Ertex solartechnik GmbH, Tesla Inc, Dyesol Ltd (Greatcell Solar Ltd), AGC Solar, Belectric, Canadian Solar Inc, ISSOL SA”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleBuilding-integrated Photovoltaics Market Research Report
By TechnologyCrystalline Silicon, Thin Film
By ApplicationGlass, Roofs
By End UseIndustrial, Commercial
By CompaniesCarmanah Technologies Corp, Heliatek GmbH, Onyx Solar Energy SL, Ertex solartechnik GmbH, Tesla Inc, Dyesol Ltd (Greatcell Solar Ltd), AGC Solar, Belectric, Canadian Solar Inc, ISSOL SA
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages211
Number of Tables & Figures148
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Building-integrated Photovoltaics Industry Outlook

Global Building-integrated Photovoltaics Market Report Segments:

The market is segmented by Technology (Crystalline Silicon, Thin Film), by Application (Glass, Roofs), by End Use (Industrial, Commercial).

Building-integrated Photovoltaics Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Building-integrated Photovoltaics Market

Overview of the regional outlook of the Building-integrated Photovoltaics Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Building-integrated Photovoltaics Market Overview

Highlights of The Building-integrated Photovoltaics Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Building-integrated Photovoltaics Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Technology:

                1. Crystalline Silicon

                2. Thin Film

        7. By Application:

                1. Glass

                2. Roofs

        8. By End Use:

                1. Industrial

                2. Commercial

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Building-integrated Photovoltaics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Building-integrated Photovoltaics Market Trends

Reasons to Purchase the Building-integrated Photovoltaics Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Building-integrated Photovoltaics Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Building-integrated Photovoltaics Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Building-integrated Photovoltaics Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Building-integrated Photovoltaics Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Building-integrated Photovoltaics Market Size & Forecast, 2018-2028 
      4.5.1 Building-integrated Photovoltaics Market Size and Y-o-Y Growth 
      4.5.2 Building-integrated Photovoltaics Market Absolute $ Opportunity 


Chapter 5 Global Building-integrated Photovoltaics Market Analysis and Forecast by Technology
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Technology
      5.1.2 Basis Point Share (BPS) Analysis by Technology
      5.1.3 Absolute $ Opportunity Assessment by Technology
   5.2 Building-integrated Photovoltaics Market Size Forecast by Technology
      5.2.1 Crystalline Silicon
      5.2.2 Thin Film
   5.3 Market Attractiveness Analysis by Technology

Chapter 6 Global Building-integrated Photovoltaics Market Analysis and Forecast by Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Application
      6.1.2 Basis Point Share (BPS) Analysis by Application
      6.1.3 Absolute $ Opportunity Assessment by Application
   6.2 Building-integrated Photovoltaics Market Size Forecast by Application
      6.2.1 Glass
      6.2.2 Roofs
   6.3 Market Attractiveness Analysis by Application

Chapter 7 Global Building-integrated Photovoltaics Market Analysis and Forecast by End Use
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by End Use
      7.1.2 Basis Point Share (BPS) Analysis by End Use
      7.1.3 Absolute $ Opportunity Assessment by End Use
   7.2 Building-integrated Photovoltaics Market Size Forecast by End Use
      7.2.1 Industrial
      7.2.2 Commercial
   7.3 Market Attractiveness Analysis by End Use

Chapter 8 Global Building-integrated Photovoltaics Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Building-integrated Photovoltaics Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region

Chapter 9 Coronavirus Disease (COVID-19) Impact 
   9.1 Introduction 
   9.2 Current & Future Impact Analysis 
   9.3 Economic Impact Analysis 
   9.4 Government Policies 
   9.5 Investment Scenario

Chapter 10 North America Building-integrated Photovoltaics Analysis and Forecast
   10.1 Introduction
   10.2 North America Building-integrated Photovoltaics Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Building-integrated Photovoltaics Market Size Forecast by Technology
      10.6.1 Crystalline Silicon
      10.6.2 Thin Film
   10.7 Basis Point Share (BPS) Analysis by Technology 
   10.8 Absolute $ Opportunity Assessment by Technology 
   10.9 Market Attractiveness Analysis by Technology
   10.10 North America Building-integrated Photovoltaics Market Size Forecast by Application
      10.10.1 Glass
      10.10.2 Roofs
   10.11 Basis Point Share (BPS) Analysis by Application 
   10.12 Absolute $ Opportunity Assessment by Application 
   10.13 Market Attractiveness Analysis by Application
   10.14 North America Building-integrated Photovoltaics Market Size Forecast by End Use
      10.14.1 Industrial
      10.14.2 Commercial
   10.15 Basis Point Share (BPS) Analysis by End Use 
   10.16 Absolute $ Opportunity Assessment by End Use 
   10.17 Market Attractiveness Analysis by End Use

Chapter 11 Europe Building-integrated Photovoltaics Analysis and Forecast
   11.1 Introduction
   11.2 Europe Building-integrated Photovoltaics Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Building-integrated Photovoltaics Market Size Forecast by Technology
      11.6.1 Crystalline Silicon
      11.6.2 Thin Film
   11.7 Basis Point Share (BPS) Analysis by Technology 
   11.8 Absolute $ Opportunity Assessment by Technology 
   11.9 Market Attractiveness Analysis by Technology
   11.10 Europe Building-integrated Photovoltaics Market Size Forecast by Application
      11.10.1 Glass
      11.10.2 Roofs
   11.11 Basis Point Share (BPS) Analysis by Application 
   11.12 Absolute $ Opportunity Assessment by Application 
   11.13 Market Attractiveness Analysis by Application
   11.14 Europe Building-integrated Photovoltaics Market Size Forecast by End Use
      11.14.1 Industrial
      11.14.2 Commercial
   11.15 Basis Point Share (BPS) Analysis by End Use 
   11.16 Absolute $ Opportunity Assessment by End Use 
   11.17 Market Attractiveness Analysis by End Use

Chapter 12 Asia Pacific Building-integrated Photovoltaics Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Building-integrated Photovoltaics Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Building-integrated Photovoltaics Market Size Forecast by Technology
      12.6.1 Crystalline Silicon
      12.6.2 Thin Film
   12.7 Basis Point Share (BPS) Analysis by Technology 
   12.8 Absolute $ Opportunity Assessment by Technology 
   12.9 Market Attractiveness Analysis by Technology
   12.10 Asia Pacific Building-integrated Photovoltaics Market Size Forecast by Application
      12.10.1 Glass
      12.10.2 Roofs
   12.11 Basis Point Share (BPS) Analysis by Application 
   12.12 Absolute $ Opportunity Assessment by Application 
   12.13 Market Attractiveness Analysis by Application
   12.14 Asia Pacific Building-integrated Photovoltaics Market Size Forecast by End Use
      12.14.1 Industrial
      12.14.2 Commercial
   12.15 Basis Point Share (BPS) Analysis by End Use 
   12.16 Absolute $ Opportunity Assessment by End Use 
   12.17 Market Attractiveness Analysis by End Use

Chapter 13 Latin America Building-integrated Photovoltaics Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Building-integrated Photovoltaics Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Building-integrated Photovoltaics Market Size Forecast by Technology
      13.6.1 Crystalline Silicon
      13.6.2 Thin Film
   13.7 Basis Point Share (BPS) Analysis by Technology 
   13.8 Absolute $ Opportunity Assessment by Technology 
   13.9 Market Attractiveness Analysis by Technology
   13.10 Latin America Building-integrated Photovoltaics Market Size Forecast by Application
      13.10.1 Glass
      13.10.2 Roofs
   13.11 Basis Point Share (BPS) Analysis by Application 
   13.12 Absolute $ Opportunity Assessment by Application 
   13.13 Market Attractiveness Analysis by Application
   13.14 Latin America Building-integrated Photovoltaics Market Size Forecast by End Use
      13.14.1 Industrial
      13.14.2 Commercial
   13.15 Basis Point Share (BPS) Analysis by End Use 
   13.16 Absolute $ Opportunity Assessment by End Use 
   13.17 Market Attractiveness Analysis by End Use

Chapter 14 Middle East & Africa (MEA) Building-integrated Photovoltaics Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Building-integrated Photovoltaics Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Building-integrated Photovoltaics Market Size Forecast by Technology
      14.6.1 Crystalline Silicon
      14.6.2 Thin Film
   14.7 Basis Point Share (BPS) Analysis by Technology 
   14.8 Absolute $ Opportunity Assessment by Technology 
   14.9 Market Attractiveness Analysis by Technology
   14.10 Middle East & Africa (MEA) Building-integrated Photovoltaics Market Size Forecast by Application
      14.10.1 Glass
      14.10.2 Roofs
   14.11 Basis Point Share (BPS) Analysis by Application 
   14.12 Absolute $ Opportunity Assessment by Application 
   14.13 Market Attractiveness Analysis by Application
   14.14 Middle East & Africa (MEA) Building-integrated Photovoltaics Market Size Forecast by End Use
      14.14.1 Industrial
      14.14.2 Commercial
   14.15 Basis Point Share (BPS) Analysis by End Use 
   14.16 Absolute $ Opportunity Assessment by End Use 
   14.17 Market Attractiveness Analysis by End Use

Chapter 15 Competition Landscape 
   15.1 Building-integrated Photovoltaics Market: Competitive Dashboard
   15.2 Global Building-integrated Photovoltaics Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      15.3.1 Carmanah Technologies Corp
      15.3.2 Heliatek GmbH
      15.3.3 Onyx Solar Energy SL
      15.3.4 Ertex solartechnik GmbH
      15.3.5 Tesla Inc
      15.3.6 Dyesol Ltd (Greatcell Solar Ltd)
      15.3.7 AGC Solar
      15.3.8 Belectric
      15.3.9 Canadian Solar Inc
      15.3.10 ISSOL SA
Segments Covered in the Report
The global Building-integrated Photovoltaics market has been segmented based on

By Technology
  • Crystalline Silicon
  • Thin Film
By Application
  • Glass
  • Roofs
By End Use
  • Industrial
  • Commercial
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Carmanah Technologies Corp
  • Heliatek GmbH
  • Onyx Solar Energy SL
  • Ertex solartechnik GmbH
  • Tesla Inc
  • Dyesol Ltd (Greatcell Solar Ltd)
  • AGC Solar
  • Belectric
  • Canadian Solar Inc
  • ISSOL SA

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